AURAK, WSU Sign Student Transfer Program

By Blaise Udunze Every day is for the Teachers! The moment we start giving preferences to the profession and the people as the most important members of our society, the moment there will be the emergence of true instructors and educators who are ready to instil the requisite knowledge for nation-building. Alas! The society is in quagmire and stagnated in this part of the world. Over the years, the least attention has been given to the whole of the educational sector- the citadel of learning. The Citadel houses the army of teachers. Today, can it be said to be a

By Aduragbemi Omiyale A student of Premiere Academy, Lugbe, Abuja, Miss Sonia Nwakanma, has retained her position as the Best Female Chess Player in the Federal Capital Territory (FCT) for the third year running. She clinched the latest accolade she first picked in 2021 at the prestigious Abuja Inter-School Chess Competition, rated by the World Chess Federation (FIDE) and the Chess Players Association of Nigeria (CPAN). Miss Nwakanma, who is a member of the 2023 graduating set of the school, attributed her achievement to her school’s robust in-house sports and personal development facilities that offer students opportunities to compete with

By Adedapo Adesanya Nigerian e-book distribution startup, OkadaBooks, which allows users to bypass traditional publishers and publish their stories, will shut down by the end of this month. In a message seen by Business Post on Monday, the platform, which was established by Mr Okechukwu Ofili, said, “After much consideration and reflection, we have come to a difficult decision, OkadaBooks will be closing its virtual doors on November 30, 2023.” The statement added that, “This has not been an easy choice. We’ve explored various avenues to keep our virtual bookshelves alive, but, unfortunately, the challenges we face are insurmountable.” Mr

By Adedapo Adesanya A 400-year-old British educational institution, Charterhouse, has commissioned its first African school, currently in progress on a sprawling 70-hectare site located at Ogombo in Lekki, Lagos. The introduction of Charterhouse Lagos marks the convergence of British independent school heritage with cutting-edge educational practices, ushering in a new era of excellence in West African education. Charterhouse Lagos will represent a remarkable educational undertaking in the commercial capital of the country, with the planned $150 million campus expected to be fully delivered in 2028. The school’s development will unfold gradually, with the first intake of primary school students in

By Adedapo Adesanya Oil prices staged a comeback, rising by about 5 per cent on Monday, recovering from a seven-day losing streak with gains driven by a weaker Dollar despite demand concerns strengthened by rising cases of the Delta coronavirus variant. At the market yesterday, the Brent crude gained $3.41 or 5.23 per cent to trade at $68.59 per barrel, while the West Texas Intermediate (WTI) crude moved up by $3.34 or 5.37 per cent to $65.48 per barrel. After dropping more than 8 per cent last week, the new week opened with a breather as a slide in the

By Adedapo Adesanya The price of the Brent further rose on Wednesday and moved closer to $80 as data from the Energy Information Administration (EIA) showed an inventory draw of 3.6 million barrels for the week to December 24. Yesterday, the value went up by 30 cents or 0.24 per cent to trade at $79.47 per barrel, while the United States West Texas Intermediate (WTI) crude rose by 37 cents or 0.28 per cent to sell at $76.84 per barrel. At 420 million barrels, crude oil inventories remain 7 per cent below the five-year average—compared to 8 per cent below

By Adedapo Adesanya President Muhammadu Buhari on Monday inaugurated the 16.5 metres deep Lekki Sea Port and the Imota Rice Mill in Ikorodu, in Lagos. President Buhari, who arrived at the venue in a helicopter alongside the Governor of the state, Mr Babajide Sanwo-Olu, cut the ceremonial tape at the port at 4.42 pm. The President, thereafter, proceeded on a brief drive-through inspection of the project. The Lekki Deep Sea Port is a multipurpose sea port at the heart of the Lagos Free Zone, poised to be the most modern and deepest seaport in West Africa. Its promoters have said

By Sodeinde Temidayo David Nigerian Exchange (NGX) Limited has released an improved version of its mobile app, X-Mobile, to enhance investors’ participation and access to the Nigerian capital market. The X-mobile, a dynamic and user-friendly mobile app, which was first launched in 2019 in a beta state, now accessible on various mobile stores, provides market participants, especially retail investors with convenient, faster and real-time access to information about NGX, its listed securities and trading license holders. According to the NGX, some of the key features of the X-Mobile include market news feed, snapshots and analytics, securities prices, financial and market

By Modupe Gbadeyanka As part of efforts in tackling the problem of multiple taxation in the country, the Federal Inland Revenue Service (FIRS) has commenced harmonising taxes. Already, the tax agency has reached out to the 36 states of the federation including Abuja, the nation’s seat of power. The issue of collection of multiple taxes by government, especially states, has been a major worry for business owners in the country. Speaking on Friday at a roundtable organised by the Centre for Democracy and Development (CDD) in Abuja, Executive Chairman of FIRS, Mr Babatunde Fowler, said the agency was already working

By Modupe Gbadeyanka By August 2021, the Nigerian business environment will regain normalcy from the devastating effect of the global COVID-19 pandemic, the Philips Consulting CEO Report has projected. In the CEO Report of the company, 57 per cent of CEOs contacted said they expect that the earliest possible time for the business environment in Nigeria to normalize and operate optimally will be August 2021. In the 100 Nigerian business leaders reached by Phillips Consulting Limited, it was observed that CEOs are increasingly taking responsibility for their companies and are not necessarily looking up to the government for solutions to

By Modupe Gbadeyanka Founder and CEO of Nedcomoaks Limited, Mr Kennedy Okonkwo, has told Forbes Africa how the housing gap in Nigeria can be narrowed. The top player in affordable real estate in Nigeria was featured on the November edition of Forbes Africa, where he revealed that long term partnerships between private and public sector was key to improving housing gap in Nigeria. According to him, government and private players must understand the needs and earnings of the people to be able to service the area of living in our society. He revealed to Forbes Africa that public-private partnerships can

By Dipo Olowookere Sokoto State power plant will generate electricity at N178 per kilowatt, more than three times its current price in the region, Daily Trust investigations have shown. The 38-megawatt Independent Power Plant (IPP) was built by the state at the cost of N3.8 billion and will consume 33, 000 diesel daily. Data from the Nigerian Electricity Regulatory Commission shows that the highest approved price for residential customers under the Kaduna Distribution Company (Kedco), where Sokoto belongs, is N45 per kilowatt. The plant “consumes 33,000 litres” of diesel daily, the director-general of the project, Mr Umar Bande, said during