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I’ll Change Recruitment Criteria at RUDN University—Rector

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Oleg Yastrebov Rector RUDN University

By Kester Kenn Klomegah

In an insightful long-ranging conversation, the newly appointed Rector of the RUDN University (Peoples’ Friendship University of Russia), Oleg Yastrebov, discusses the latest developments, educational reforms, and students’ enrollment as well as cultural diversity in his multinational university.

During his meeting with our Media Executive Kester Kenn Klomegah, Rector Oleg Yastrebov, particularly stressed the importance of effective monitoring and evaluation of students’ performances by the hard-working academic staff. He unreservedly argues that the university staff and academic teams provide the necessary knowledge and cutting-edge skills for young aspiring leaders and that makes the university first-class among many others in the Russian Federation.

RUDN University is an educational institution located in Moscow. Established in 1960, it primarily provides higher education to Third World students during the Soviet days. Many students, especially from developing countries, still come to this popular university from Latin America, Asia and Africa. It is Russia’s most multidisciplinary university, which boasts the largest number of foreign students and offers various academic disciplines. Here are the interview excerpts:

What are your remarks on the popular saying – a new leader, new management approach?

The previous rector of the RUDN University, who is now its president, Professor Vladimir Filippov, gathered a unique scientific and expert team. I am not a new person to them, as a graduate of the Peoples’ Friendship University of Russia – that is the full name for the RUDN University. I was the head of the Law Institute, so I am familiar with most of the teaching staff. All the administration of the university are all obliged to preserve and strengthen the achievements. We are the most international, the most multidisciplinary and the friendliest university in Russia. I am sure that with the arrival of new people in the team, the university will become even more ambitious, international, digital, and with a new approach to the quality of education. We are a modern university and we are ready to remain a dream university for many bright students.

Quite recently, you assumed the position of rector. What would you count as the marked achievements and success stories during these few years?

Over the past year, RUDN University has strengthened its position among the best universities in the world. We are the greenest university in Russia. More and more talented students are coming to us. Bright international students continue to enrol in RUDN – last year we had new students, for example, from Portugal and Lesotho. We have signed agreements with strong partners – Sistema (the largest Russian investing organization), Kaspersky Lab, and the European Medical Center. I would like to note separately that RUDN was the first in Russia to receive the right to validate and verify greenhouse gas emissions.

What are the current challenges and tasks as you take up the position of rector of the RUDN University?

The first priority is a new approach to recruitment criteria for teachers. These should be people with real professional practical achievements. A teacher who retells books is a transmitter of information, but not a source of new knowledge. We understand that it is important to move on to motivate students and to initiate startups in collaboration with employers. This direction, it creates a competitive environment among students and employers will be able to notice talented students even before their graduation.

We will continue to strengthen science at the university. We integrate successful educational technologies into the education process. We expand the network of partner universities. There is serious progress in a multilingual environment — all our graduates of bachelor’s programs speak at least one foreign language at a serious proficient level. The pan is to make two languages.

I would like to mention here that we updated the whole university environment. The campus is transformed – this is also an important factor for students. Co-working areas, sports and recreation spaces, and dormitory rooms are becoming more stylish and fashionable. It is interesting to say that 300 students have already moved into the rooms in the new design. In fact, 450 rooms are being transformed for the new semester. RUDN was the first university in Russia to open the first multifunctional student centre, where you can get all the basic documents about studying. The process will take just 5-15 minutes.

On the other hand, what do you suggest as significant steps to raise the cultural profile among students who have come from different countries?

RUDN worthily preserves long-standing traditions: weeks of national cultures for instance, and we signed the Declaration of Tolerance. We have more than 100 community organizations and international study groups. We have active students who help freshmen to adapt to the new study and living conditions. There is a volunteer centre of more than 200 volunteers — this is a kind of international student office, which helps foreign students adapt to living in Russia. Their work is based on the principle “Buddy For Each Foreigner”. Each foreign student is assigned a Russian curator friend. The curator is in touch and ready to help out a foreign ward in any situation — from “I am lost” to “help me with this home task”. In addition, students arrange informal meetings, where they get acquainted with fellow countrymen, make friends, and help each other with their academic studies.

What are the peculiarities of running an educational institution such as the RUDN University, especially in a liberal market economy?

Approximately 70% of the budget the University earns itself. This is not only educational activity but also additional professional education, and income from science. Mainly, the income is generated by physical and mathematical sciences, chemistry, mathematics, and the Institute of Innovative Engineering Technologies. Humanities mainly work on a grant basis, it provides all kinds of scientific advisory services.

What is the competitive edge of RUDN University? What advantages does it have over other similar educational institutions in the Russian Federation?

RUDN is the most multidisciplinary university in Russia. A student can choose from 446 directions. Here you can get technical, scientific, medical, economic, and humanitarian education. Engineers, lawyers, doctors, diplomats, financiers, agrarians, physicists, mathematicians, linguists, and journalists are educated at the RUDN.

RUDN has the strongest language school. By studying languages, students receive an extra diploma of a translator. A student can choose from 12 foreign languages to study: European, Oriental or Russian as a foreign language.

RUDN has all the conditions to do science. We have more than 200 laboratories, more than 40 scientific and scientific-educational centres with modern equipment, annual scientific conferences, grants, scholarships, and joint research projects with leading foreign universities.

What can you say about the system of education and training, particularly for foreigners, as well as regular educational exchanges as a means of forging closer relations with the university?

RUDN is an international university. Representatives from 160 countries study here. We have an established system for recruiting foreign students. We interact with applicants from Asia, Africa, and Latin America directly through Olympiads, our pre-university classes and training centres.

Last year, 4,395 foreigners enrolled at RUDN University. This is almost 500 people more than was previously planned. Most of all – on “Medicine”, “Dentistry”, “International Relations”. Egypt, Zambia and Nigeria were among the top three (3) African countries in terms of the numerical strength of international students.

We have exchange and internship programs, double degree programs in cooperation with foreign universities, international conferences, and summer schools. The geography of educational and scientific cooperation of the RUDN is extensive: more than 250 agreements have been signed with educational institutions of the Commonwealth of Independent States (CIS) and Europe, Asia and the Middle East, Africa and Latin America. Since 2007, graduates have received a European Diploma Supplement, which is recognized worldwide.

What keeps you motivated as a rector in this educational environment? Who are some of the most notable people, besides Russians, that you have interacted with during your work at the RUDN University?

Students motivate me a lot especially when I see their success in scientific, educational, sports and creative fields. Besides students, I am also highly motivated by my colleagues who sacrifice a lot, devote their energy and considerable time to perform their work effectively, efficiently and conscientiously.

By all appearances – education and professional skills training – are aspects of diplomacy. Do you think that the youth should be involved in this public diplomacy?

Without mincing words, the youth is our future. The whole development and technological progress depend on them – the present young generation. Therefore, at RUDN we teach them to become professional leaders in various fields, equip them with the necessary skills, and help them to acquire the knowledge of communication internationally.

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Economy

Seven Price Gainers Boost NASD OTC Bourse by 2.19%

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Alternative Bourse NASD Securities

By Adedapo Adesanya

Seven price gainers flipped recent declines at the NASD Over-the-Counter (OTC) Securities Exchange, raising the alternative stock market by 2.19 per cent on Friday.

According to data, the market capitalisation added N51.24 billion to end N2.389 trillion compared with the previous day’s N2.338 trillion, while the NASD Unlisted Security Index (NSI) climbed 85.65 points to close at 3,994.32 points, in contrast to the 3,908.67 points it ended a day earlier.

Business Post reports that the advancers were led by MRS Oil Plc, which improved its value by N13.00 to N200.00 per share from N187.00 per share, FrieslandCampina Wamco Nigeria Plc gained N7.40 to settle at N91.55 per unit versus the previous day’s N84.15 per unit, Central Securities Clearing System (CSCS) Plc appreciated by N6.08 to N71.00 per share from N64.92 per share, Afriland Properties Plc added 66 Kobo to finish at N17.17 per unit versus N16.51 per unit, IPWA Plc rose 37 Kobo to N4.15 per share from N3.78 per share, First Trust Mortgage Bank Plc grew by 11 Kobo to N1.20 per unit from N1.09 per unit, and Food Concepts Plc went up by 10obo to N3.70 per share from N3.60 per share.

On the flip side, there were two price losers led by Geo-Fluids Plc, which depreciated by 28 Kobo to N3.32 per unit from N3.60 per unit, and Industrial and General Insurance (IGI) Plc dropped 5 Kobo to sell at 45 Kobo per share from 50 Kobo per share.

Yesterday, the volume of trades went down by 92.0 per cent to 3.7 million units from 45.8 million units, the value of transactions fell by 59.4 per cent to N84.5 million from N208.2 million, while the number of deals went up by 7.7 per cent to 42 deals from 39 deals.

CSCS Plc remained the most traded stock by value (year-to-date) with 32.6 million units exchanged for N1.9 billion, trailed by Geo-Fluids Plc with 119.6 million units valued at N470.3 million, and Resourcery Plc with 1.05 billion units traded at N408.6 million.

Resourcery Plc closed the day as the most traded stock by volume (year-to-date) with 1.05 billion units sold for N408.7 million, followed by Geo-Fluids Plc with 119.6 million units worth N470.3 million, and CSCS Plc with 32.6 million units worth N1.9 billion.

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Economy

FX Demand Worries Weaken Naira to N1,346/$1 at Official Market

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naira street value

By Adedapo Adesanya

The Naira weakened further against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Friday, February 20, by N4.97 or 0.37 per cent to N1,346.32/$1 from the N1,341.35/$1 it was transacted on Thursday.

Heightened FX demand tilted the market toward the downside yesterday, exerting upward pressure on rates despite efforts by the Central Bank of Nigeria (CBN) to stabilise the foreign exchange market.

Also in the official market, the domestic currency depreciated against the Pound Sterling during the session by N9.39 to sell for N1,815.25/£1 versus the previous day’s N1,805.86/£1, and lost N7.33 against the Euro to close at N1,584.62/€1 compared with the preceding session’s N1,577.29/€1.

The story was not different for the Nigerian Naira at the GTBank FX desk, where it depleted against the Dollar by N7 on Friday to quote at N1,356/$1 versus the N1,349/$1 it was sold a day earlier, but remained unchanged in the black market at N1,370/$1.

It was observed that risky sentiment among Foreign Portfolio Investors (FPIs) contributed to the FX market, amid fears of hot money flight due to capital gains tax and other factors.

As for the cryptocurrency market, it was mostly green yesterday in reaction to a Supreme Court verdict dismissing a fresh 10 per cent global levy by President Donald Trump.

The apex court on Friday described Mr Trump’s global tariff rollout as illegal. The decision did not clarify what should happen to tariff revenue already collected, and it doesn’t necessarily spell the end of the trade agenda, with multiple legal and executive avenues still available.

Litecoin (LTC) grew 2.7 per cent to $55.00, Cardano (ADA) appreciated 2.6 per cent to trade at $0.2815, Binance Coin (BNB) expanded by 2.6 per cent to $627.19, Dogecoin (DOGE) recouped 1.3 per cent to quote at $0.1, Ripple (XRP) jumped 0.7 per cent to $1.43, Solana (SOL) improved by 0.5 per cent to $84.15, and Ethereum (ETH) soared 0.1 per cent to $1,962.78.

However, Bitcoin (BTC) lost 0.2 per cent to sell for $67,850.49, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) traded flat at $1.00 each.

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Economy

Fidson, Jaiz Bank, Others Keep NGX in Green Territory

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Jaiz Bank new logo

By Dipo Olowookere

A further 0.99 per cent was gained by the Nigerian Exchange (NGX) Limited on Friday after a positive market breadth index supported by 53 price gainers, which outweighed 23 price losers, representing bullish investor sentiment.

During the trading day, the trio of Jaiz Bank, Fidson, and NPF Microfinance Bank chalked up 10.00 per cent each to sell for N11.00, N86.90, and N6.27, respectively, while Deap Capital appreciated by 9.96 per cent to N7.62, and Mutual Benefits increased by 9.94 per cent to N5.42.

Conversely, Secure Electronic Technology shed 10.00 per cent to trade at N1.62, Sovereign Trust Insurance slipped by 9.73 per cent to N2.32, Ellah Lakes declined by 7.91 per cent to N12.80, International Energy Insurance retreated by 5.56 per cent to N3.40, and ABC Transport moderated by 5.26 per cent to N9.00.

Data from Customs Street revealed that the insurance counter was up by 2.52 per cent, the industrial goods sector grew by 2.28 per cent, the banking space expanded by 1.43 per cent, the consumer goods index gained 1.23 per cent, and the energy industry rose by 0.05 per cent.

As a result, the All-Share Index (ASI) went up by 1,916.20 points to 194,989.77 points from 193,073.57 points, and the market capitalisation moved up by N1.230 trillion to N125.164 trillion from Thursday’s N123.934 trillion.

Yesterday, investors traded 820.5 million stocks valued at N28.3 billion in 63,507 deals compared with the 898.5 million stocks worth N38.5 billion executed in 61,953 deals, showing a jump in the number of deals by 2.51 per cent, and a shortfall in the trading volume and value by 8.68 per cent and 26.49 per cent apiece.

Closing the session as the most active equity was Mutual Benefits with 79.0 million units worth N427.1 million, Zenith Bank traded 44.0 million units valued at N3.8 billion, Chams exchanged 43.9 million units for N182.0 million, AIICO Insurance transacted 42.4 million units valued at N179.8 million, and Veritas Kapital sold 36.0 million units worth N90.6 million.

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