ASUU President Warns High School Fees Could Lead to Future Crisis

By Bliss Okperan A lawmaker representing Kaura-Namoda/Birnin Magaji Federal Constituency in the National Assembly, Mr Aminu Sani Jaji, has raised alarm over the safety of children in schools in some parts of Northern Nigeria. The part of the country has witnessed kidnappings by terrorists and bandits, including in schools, leading to a low appetite for education over safety issues. While addressing newsmen in Abuja, he said, “These concerns intensify as incidents like the kidnapping of Federal University Gusau students follow purported dialogues, prompting public figures to call for a holistic approach to address the insecurity crisis decisively.” “Addressing the issue

By Bliss Okperan The University of Osun State (UNIOSUN) has set a goal to achieve a spot in the 10 top universities in Nigeria by 2026. The Vice Chancellor of the institution, Prof. Clement Adebooye, while speaking on Friday at the main campus of the university in Osogbo, said the management also intends to make the school one of the 25 best in Africa in three years’ time. According to him, the management has begun to implement the strategies designed to meet this target, including providing a peaceful academic environment for students and others. He expressed the commitment of the

By Modupe Gbadeyanka Operators within the private sector have been charged to promote innovative and sustainable approaches to uplift the educational standards for underprivileged children living in low-income communities. It was submitted that private sector collaborations would offer the advantage of diffusing emotional burdens, leading to more informed and intelligent decision-making, as together, they can achieve much more to support the provision of sustainable education for the Nigeria youth. This was the view of some participants at the Special Foundation annual summit, the Transforming Education Summit 2023, themed Enhancing Access and Quality Education in Africa. The event, held at the

By Adedapo Adesanya The Naira appreciated by 0.31 per cent or N1.31 against the US Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Friday, May 20. At the spot market, the exchange rate of the Naira to the greenback closed at N419.02/$1 in contrast to the N420.33/$1 it was traded in the previous session. However, at the Peer-to-Peer (P2P) window, the local currency depreciated by N1 against the American currency to trade at N616/$1 compared with the preceding day’s exchange rate of N615/$1. Equally, at the interbank segment of the market, the Naira

By Dipo Olowookere A total of N53 billion was lost on Monday by investors trading equities on the floor of the Nigerian Stock Exchange (NSE). The loss came as a result of profit-taking activity carried out by investors, who were reacting to various signs being flashed by the market indicators and financial analysts. The selloffs yesterday led to the decline in the All-Share Index (ASI) by 145.2 points to close at 31,533.50 points, while the market capitalisation reduced by N53 billion to finish at N11.512 trillion. Activities at the local bourse on Monday were low with the volume of traded

By Adedapo Adesanya Capital Bancorp Plc has disclosed plans to pay 5 Kobo in dividends to new and existing shareholders for the 2022 financial year. This was disclosed by the company in a notice to the NASD Over-the-Counter (OTC) Securities Exchange, where it trades its stocks. The notice indicated that the proposed dividend would be paid to those who hold the company’s equities as of the qualification date for the dividend, which has been set for Wednesday, January 18. This means only those who hold the company’s shares as of the closing session will be eligible to receive the stipulated

By Ashemiriogwa Emmanuel French multinational integrated oil and gas company, TotalEnergies SE, and one of the leading providers of air, ocean, and road freight services, DHL Global Forwarding, have signed a contract to begin a mega solar energy project in Dubai, United Arab Emirate (UAE). The green initiative, which is to produce over 14,000 Megawatt Hours (MWh) of electricity per year on eight sites (enough energy to power over 16,000 homes yearly in the UAE), is in continuation with their Strategic Cooperation Agreement signed in 2019. It also goes in line with Deutsche Post DHL Group’s sustainability roadmap and ambition

By Dipo Olowookere Managing Director and Chief Executive Officer of Heritage Bank, Mr Ifie Sekibo, has restated commitment of the lender to support members of the National Youth Service Corp (NYSC) and young entrepreneurs grow their businesses as a start-up or prospective business owners. This, he said, is in line with the culture of the financial institution as a timeless wealth partners. According to him, the bank is currently in partnership with Guardians of the Nation International (GOTNI), a capacity building organisation to present leadership programs in all the NYSC Orientation camps in the 36 states. Speaking at the weekend

By Dipo Olowookere The newly inaugurated board of the Securities and Exchange Commission (SEC) has been urged to quickly conduct a forensic audit on Lafarge Africa Plc and other listed companies on the Nigerian Stock Exchange (NSE). This call was made by a stockbroker in the nation’s capital market, who incidentally is the Managing Director of APT Securities and Funds Limited, Mr Garba Kurfi. On June 24, 2019, the federal government inaugurated the board of SEC with a directive to make the stability of the capital market a cardinal objective. The nine-member board, under the chairmanship of Mr Olufemi Lijadu,

By Adedapo Adesanya Top indigenous energy company, Forte Oil, has expressed its willingness to increase its frontiers into new markets in order to satisfy its customers and investors by delivering value to them. This was made known by the company’s Chairman, Mr Abdulwasiu Sowami, at the 40th Annual General Meeting (AGM) held in Lagos on Tuesday. The Chairman, while addressing shareholders at the gathering, noted that one of his main aims is to expand the company’s presence in the country, especially where operations of the firm were less concentrated. “As we look to evolve our company, I will work with

By Dipo Olowookere The board of directors of UAC Nigeria Plc has fixed Monday, May 18, 2020 as the qualification date for the 10 kobo dividend payment it recommended recently. In a notice to the Nigerian Stock Exchange (NSE) on Monday, the conglomerate, however, said it’s yet to fix a date for the payment of the cash reward to shareholders. Over the weekend, the company released its financial statements for the year ended December 31, 2019 and the payment of dividend was proposed by the board. In the disclosure today, it was stated that the dividend of 10 kobo per