BREAKING: ASUU Suspends Strike After Nine Months

By Adedapo Adesanya The Royal Swedish Academy of Sciences has decided to award the Nobel Prize in Chemistry 2023 to three scientists — Moungi G. Bawendi, Louis E. Brus, and Alexei I. Ekimov for the discovery and synthesis of quantum dots. According to the announcement on Wednesday, the Nobel Laureates in Chemistry 2023 have succeeded in producing particles so small that their properties are determined by quantum phenomena. The particles, which are called quantum dots, are now of great importance in nanotechnology. “Quantum dots have many fascinating and unusual properties. Importantly, they have different colours depending on their size,” says

By Modupe Gbadeyanka On Sunday, October 29, 2023, the race for the sharing of N12.5 million by the top 3 contestants of the fifth edition of the InterswitchSPAK National Science Competition commenced. A total of 81 secondary school students are competing for the crown of the best Science, Technology, Engineering, and Mathematics (STEM) students in Nigeria. The first prize winner will receive a whooping sum of N7.5 million worth of scholarships for five years, a laptop, and monthly stipends. The second-place winner will receive N4 million in scholarships for three years, a laptop, and monthly stipends, while the third-place winner

By Bliss Okperan The West African Examinations Council (WAEC) has announced that it has discarded the use of the paper and pencil test model and has adopted the Computer-Based Test (CBT) for the Senior School Certificate Examination (SSCE). In a statement obtained on Monday by Business Post, it was disclosed that this system will become effective from February 2024. In the statement signed by the acting Head of the Public Affairs Unit at WAEC, Ms Moyosola Adesina, the examination body said it adopted this mode to meet up with the latest global system. “In line with global best practices, the

By Adedapo Adesanya The Naira appreciated by N2 at the Bureaux De Change (BDC) segment of the foreign exchange market in the nation’s capital, Abuja, on Monday. Data harvested by Business Post showed that the strengthening of the local currency came as the Central Bank of Nigeria (CBN) resumed the sale of forex to operators in the market window yesterday after a 5-month break. As a result, the value of the Nigerian currency improved against the United States Dollar to N430/$1 from N432/$1 it traded at the last trading session. However, according to information obtained from the Association of Bureaux

By Modupe Gbadeyanka The Nigerian Content Development and Monitoring Board (NCDMB) and Chevron Nigeria Limited (CNL) have completed the one-year internship programme organised for seven young graduates as part of the Nigerian Content Human Capacity Development Initiative. The interns who were selected from the Nigerian Oil and Gas Industry Joint Qualification System (NOGICJQS) received trainings on Earth Science, Reservoir Management and Drilling & Completion. Speaking at the graduation ceremony held in Abuja, the Executive Secretary (NCDMB) Mr Simbi Kesiye Wabote, commended Chevron for its efforts in developing human capacity and transferring knowledge to young Nigerians. He noted that other operating

By Modupe Gbadeyanka The 2017 appropriation bill for 2017 presented to the Edo House of Assembly on by Governor Godwin Obaseki on December 19, 2016, has been passed by the Assembly. The N153.18 billion budget was passed on Monday after Chairman of the House Committee on Appropriation and Project Monitoring, Mr Damian Lawani, submitted his report. After consideration, the lawmaker expressed satisfaction with it and then approved it. Mr Lawani, while addressing his colleague before passage of the appropriation bill, explained that the budget reflected the needs of the people and was designed to consolidate and complete all ongoing projects.

A platform to address the rising trend of digital commercial and investment activity in these times has been designed by FBNQuest. The new initiative called FBNQuest Digital Asset Trust is in line with the company’s commitment to equipping clients with effective tools for generational wealth transfer. A statement from the organisation explained that the product was created in response to an upsurge in online businesses and transactions by the investing public. The solution aims to help individuals engage the services of professionals who will support with assessing associated risks and avoiding mistakes around how they organize their assets when investing

By Dipo Olowookere The nation’s equity market ended the last trading day of the year 2019 in green on Tuesday, December 31 on the back of persistent buying interest from investors. The market, during the session, appreciated by 0.87 percent to reduce the year-to-date loss to 14.60 percent as traders rebalanced their portfolios in preparation of the forthcoming earnings season. Access Bank brought that feeling to the market when it announced a closed period as well as a board meeting fixed for later this month to consider and approve its full year financial statements for 2019. Business Post observed that

By Adedapo Adesanya BUA Foods has informed distributors and its consumers that it would maintain prices of its BUA Rice brand to support efforts at making the staple food more affordable in Nigeria, noting that the volatility in foreign exchange doesn’t affect its commitment to the Nigerian agricultural sector and the economy. According to a statement by the company, this is due to the strong sales potential from the company’s newly upgraded 200,000 tonnes per annum rice mill in Kano using locally sourced rice paddy. According to the company, this decision to maintain prices is a result of the little

Organisers of the World Summit Awards (WSA) have unveiled winners of the 2018 programme selected by international experts’ jury in Ghana in November 2018. This year’s winners in the Health category of WSA, an award focusing on digital innovation with societal impact, show a clear trend in using digital innovation for medical and healthcare education, empowering patients and med care professionals alike. The Lebanese solution Proximie is a perfect example for how digital technology can make a positive impact, with the right content. “One of the 21st century tools that actually saves lives. What I found really impressive is that

By Investors Hub Asian stocks fell broadly on Thursday on renewed worries over President Donald Trump’s America First policies and other protectionist measures. Comments by U.S. Treasury Secretary Steven Mnuchin that he welcomed a weaker currency also added to investor worries over the Trump administration’s protectionist stance. Chinese shares fell from two-year highs as investors booked some profits after recent gains. The benchmark Shanghai Composite Index dropped 11.16 points or 0.3 percent to 3,548.30, snapping a seven-session winning streak. Hong Kong’s Hang Seng Index slid 304.24 points or 0.9 percent to 32,265.45. Japanese shares fell to their lowest level in