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Slovakia Open New Scholarship Window For International scholars 

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The Government of Slovakia, in Europe, has initiated its National Scholarship Programme (NSP), aimed at providing financial support to international students, PhD candidates, university teachers, researchers, and artists.

The program, as reported by SAID Scholarships, seeks to enhance academic mobility by facilitating research and study opportunities at Slovak higher education institutions.

It is a program which was established in 2005, and is funded by the Ministry of Education, Science, Research, and Sport

Benefits 

According to reports, NSP offers monthly stipends to cover living costs for scholarship holders. Though the amount varies according to the applicant’s category.

  • Master’s students receive €620 per month, while PhD students receive €1,025.50.’
  • University teachers, researchers, and artists can receive €1,025.50 if they hold a position without a PhD and have less than four years of experience.
  • Those with a PhD and less than ten years of experience are awarded €1,370 per month, and those with over ten years of experience receive €1,470 per month.
  • Additionally, PhD and master’s students can apply for a travel grant, which varies from €50 to €1,500 depending on their home country’s distance from Slovakia.

Eligibility 

The NSP is open to a variety of applicants from outside Slovakia. Master’s students must be enrolled at a university abroad and in their second level of higher education or have completed a minimum of 2.5 years in a related undergraduate program; reports state.

They must also secure acceptance at a Slovak institution for academic mobility.

This scholarship can last between one to two full semesters or one to three trimesters.

PhD candidates must be enrolled in a program outside Slovakia and must be accepted for research or artistic mobility in a Slovak institution. This means that PhD candidates who wish to apply for the scholarship must be studying for their degree at a university outside of Slovakia. They also need to have received acceptance from a Slovak institution to conduct research or engage in artistic activities there.

Their stay can last from one to ten months. University teachers, researchers, and artists must have an invitation to teach or engage in research activities at a Slovak institution, with the duration of their stay also ranging from one to ten months.

Reports also supply that certain exclusions apply, as NSP will not support international students enrolled in full degree programs in Slovakia, or those who have spent more than 15 months in Slovakia within the past 36 months, or applicants receiving scholarships from other Slovak funding sources, such as Erasmus+.

Application Process 

Applications for the NSP should be submitted online through the official portal.

Documents For Submission:

  1. Curriculum Vitae (CV)
  2. a motivation letter outlining the purpose of the stay in Slovakia, and a
  3. detailed study or research program.
  4. Two recommendation letters from professors for students or one from a dissertation supervisor for PhD candidates.
  5. Proof of enrollment from the home institution and an admission or invitation letter from the Slovak host institution.

The application deadline for the NSP for the summer semester of the 2024/2025 academic year is set for October 31, 2024.

Reports states that the online application system usually opens six weeks prior to the deadline.

Officials advise prospective applicants to submit their applications early to avoid last-minute issues.

 

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Business

CBN Restores BDC Access to FX Market, Caps Weekly Purchases at $150,000

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By Huldah Shado

The Central Bank of Nigeria (CBN), has approved the participation of licensed Bureau De Change (BDC), operators in the Nigerian Foreign Exchange Market (NFEM), allowing each BDC to purchase up to $150,000 weekly.

The approval was contained in a circular dated February 10, 2026, signed by the Director of the Trade and Exchange Department, Dr. Musa Nakorji, and addressed to authorised dealer banks and the general public.

The CBN said the move is aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users, amid a widening gap between the official and parallel market exchange rates.

Under the new arrangement, licensed BDCs can access foreign exchange from the NFEM through any authorised dealer bank of their choice at the prevailing exchange rate.

The apex bank directed banks to carry out full Know-Your-Customer (KYC), and due diligence checks on BDC clients before selling foreign exchange to them.

It also imposed reporting and transparency requirements, mandating BDCs to submit returns electronically to the CBN.

In addition, the bank prohibited third-party transactions and limited cash settlement to a maximum of 25 per cent of each transaction.

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Abuja Reports

Ultraviolet MFB MD Visits Equity Circle, Eyes Strategic Partnership

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By Samson Adeyanju 

The Managing Director and Chief Executive Officer of Ultraviolet Microfinance Bank, Bayonle Omoyele, has paid a working visit to Equity Circle, one of Abuja’s fast-growing real estate companies, as part of efforts to strengthen strategic partnerships within Nigeria’s real estate sector.

During the visit, Equity Circle’s Co-Founder and Chief Marketing Officer, Fabian George, conducted Omoyele on a tour of the company’s facilities and outlined its growth trajectory.

He disclosed that the firm recorded significant milestones over the past four years, culminating in an ₦8 billion revenue in the 2025 financial year.

Discussions between both parties focused on establishing a strategic credit relationship, with proposed areas of collaboration including invoice discounting, structured credit solutions, and cash-flow management support to help Equity Circle sustain and scale its operations.

Addressing Equity Circle staff during an interactive session, Omoyele emphasised the importance of strong marketing fundamentals, highlighting the 4Ps of marketing-Product, Price, Place, and Promotion, as key drivers of long-term competitiveness and brand leadership.

He also urged the team to adopt a long-term growth mindset, remain focused, and ensure that every unit contributes meaningfully to the organisation’s strategic goals, noting that disciplined execution is critical in Nigeria’s evolving real estate market.

The visit underscores Ultraviolet Microfinance Bank’s commitment to supporting high-growth enterprises through tailored financial solutions and partnerships that promote sustainable economic development.

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Business

Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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