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2023 could be a rocky year for crypto venture investments: Galaxy Research

Last year was a big one for crypto venture capital despite multiple high-profile meltdowns and the FUD (fear, uncertainty, and doubt) tsunami that followed. However, the funds may not flow as easily this year, a crypto researcher warns. The number of deals and amount invested by venture firms into Web3 and crypto startups was a little over $30 billion in 2022, according to Galaxy Research Galaxy’s head of firmwide research, Alex Thorn, described it as a “monster year” that was only just eclipsed by the $31 billion in VC investments in 2021. However, in a Jan. 5 report, Thorn stated that macroeconomic and crypto market conditions led to significant investment drawdowns in Q3 and Q4. This will likely continue into 2023, until macro and crypto market conditions improve. Thorn noted that there...

Gumtree SA Acquired by VC Firm – Potential African Expansion in Future

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4 Lessons Private Equity Can Learn After a Huge 2020 for African VC

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UNN vice chancellor: Coronavirus pandemic most global challenge since World War II

Prof. Charles Igwe, the Vice-Chancellor of University of Nigeria, Nsukka (UNN) has said that COVID-19 pandemic is arguably the most global challenge since world war II. Igwe said this in Nsukka on Monday during UNN 1st Annual International Conference titled: “A Whole New World; Research, Development and Innovation in the Pandemic Era.” He said that COVID-19 which has killed many people across the globe as well as infected many others has affected the economy, lives, people’s ways of living in virtually every country of the world. “COVID-19 pandemic is the most serious global challenge since the world war II the world has witnessed. “As this has affected the economy, people’s ways of life and behaviour of entire people of the world,” he said. He commended federal government on handling the ...

Professor Gorgewill Owunari emerges new UNIPORT vice chancellor

Professor Gorgewill Owunari has been announced as the new vice chancellor of the University of Port Harcourt. The announcement was made on Friday by the Chairman of the Governing Council of the University of Port Harcourt, Senator Andrew Uchendu. Senator Uchendu said Prof. Owunari, from the department of Pharmacology, emerged from twelve other contenders for the top job at the university. Presenting the new VC to journalists in Port Harcourt, senator Uchendu said “I want to assure all of you that we meticulously complied with the full provisions of the act on the selection of the vice chancellor of the university. “After interviewing about twelve of them we found three of them appoint-able. “For the first time in my life I have received a delegation of the President to act on his behalf an...

UNICAL security apprehends suspected cultists with hard drugs on campus

Security operatives in the University of Calabar, UNICAL, have arrested two suspected cultists for being in possession of packs of 100mg of tramadol on campus. The suspect, Abarakwe Darlington, 23, and Asuquo Effiong, 25, were arrested following an interrogation from the security operatives after he allegedly beat up an ice cream vendor, George Emmanuel, who had raised an alarm that he sold the suspects ice cream and they refused to pay him. The Acting Chief Security Officer of the University, So Usani Okon-Etim(rted), told some Journalists on Wednesday on campus that the suspects were arrested close to the moot court on campus. He said: “These two suspects bought ice cream from the seller and they refused to pay him, rather they started flogging him. The boy however raised alarm and some ...

Committee of Vice Chancellors appoints new chairman

The Committee of Vice Chancellors in Nigeria has appointed the vice chancellor of the University of Ilorin, Prof. Sulyman A. Abdulkareem as its chairman. Also, the vice chancellor of the University of Benin, Prof. Mrs. Lilian Salami has been appointed by the committee to serve as alternate chairperson. In a statement signed by the secretary- general of the committee, Prof. Yakubu Ochefu, the decision was taken during a virtual and physical meeting which took place at its secretariat in Abuja. While wishing the executive officers success in their mandate and in the discharge of their responsibilities, the secretary- general said a lot was expected from them as the nation looks up to universities in solving its socioeconomic and political challenges. The statement reads: ” The Committee of V...

VC: I don’t know if Muhammadu Sanusi is still UNIBEN’s chancellor

Ten months after Mallam Muhammadu Sanusi II was deposed as Emir of Kano, the Vice Chancellor of University of Benin (UNIBEN), Prof. Lillian Salami, has asked the Federal Ministry of Education to clear the air on the status of the former monarch as the Chancellor of the institution. Sanusi was appointed Chancellor of the institution in 2015 by the administration of ex-President Goodluck Jonathan. He was however deposed as Emir by the Governor of Kano State, Abdullahi Ganduje, in March 2020, over alleged “insubordination”. He performed his last official duty as Chancellor of the University during the Convocation/Founders Day Ceremonies of the University in November 2019. Responding to inquiry by journalists over non-inclusion of Sanusi in the University’s 50th anniversary and the VC’s one ye...

Ondo tertiary institutions to shut down as unions declare strike

Non-academic staff of Ondo State-owned tertiary institutions have declared a 14-day warning strike over six months unpaid salaries. The strike will commence on Monday. The workers are embarking on the strike under the Joint Action Committee (JAC). They said the state government had refused to honour the union’s demands. They are aggrieved over the delay in the release of monthly subvention to the institutions which has caused a delay in payment of salary. According to JAC’s notice signed by Aguda Temitope Secretary of Non-Academic Staff Union (NASU); J.O. Fagbemi of National Association of Academic Technologists (NAAT), and A.O. Ogungbeni, all of Adekunle Ajasin University, Akungba Akoko (AAUA), and addressed to the Acting Vice-Chancellor of the university, the strike is due to failure of ...

NUC mandates UI to appoint acting vice-chancellor

Following the crisis that trailed the selection of a new Vice-Chancellor for the University of Ibadan, UI, that led to the process becoming inconclusive. the National Universities Commission, NUC, has directed the Governing Council of the university to appoint an Acting Vice-Chancellor to take over from the outgoing Vice-Chancellor, Professor Idowu Olayinka, on Monday, November 30. The directive became expedient, following the deadlock in the appointment of a new VC to replace Olayinka, whose term expires on Monday. The Executive Secretary of NUC, Professor Abubakar Rasheed, in a letter dated 27th November 2020 and addressed to the Pro-Chancellor of the University, said the appointment of an acting vice-chancellor was to avoid a vacuum in the administration of the university. The letter, s...

Justice Essien: I never sat over Unilag vice chancellor’s case

File Photo Justice J.I. Essien of the National Industrial Court sitting in Lagos on Tuesday urged the University of Lagos (Unilag) Governing Council and the Senate to embrace peace. The judge gave the advice while striking out two suits challenging the removal of the university’s Vice-Chancellor (VC), Prof. Oluwatoyin Ogundipe. The suits also challenged Ogundipe’s replacement with Prof. Theophilus Soyombo by the governing council. Newsmen report that Ogundipe and the Senate of the University had filed applications before the court to discontinue the suits. “Controversy is not good for the image of a university. “We hope that peace will reign because when two elephants fight, in this case, the grass will wither,” Essien said. The judge said that he was glad that the parties decided to withd...