Buhari Appoints 19 to Head Federal Education Agencies

By Adedapo Adesanya Mr Obari Gomba, a playwright, has been announced as the winner of the $100,000 Nigeria Prize for Literature for the 2023 cycle on Drama for his work titled Grit. The prize, sponsored by Nigeria LNG Limited (NLNG), was announced on Friday by Professor Akachi Adimora-Ezeigbo, the Chairperson of the Advisory Board, at the Grand Award Night ceremony in Lagos, themed Redefinition. She also announced Eyoh Asuquo Etim’s entry Herstory versus ‘History’: A Motherist Rememory in Akachi Ezeigbo’s The Last of the Strong Ones and Chimamanda Adichie’s Half of a Yellow Sun as the 2023 winner of The

By Adedapo Adesanya The Speaker of the House of Representatives, Mr Tajudeen Abbas, has congratulated teachers in Nigeria and all over the world on the occasion of this year’s World Teachers’ Day, noting their immeasurable contributions to society and promising better welfare. According to a statement released by his media aide, Mr Musa Abdullahi Krishi, the Speaker described teachers as destiny moulders and life changers. He also hailed teachers for their critical roles in the mental and behavioural development of their pupils and students. Mr Abbas noted that teachers or lecturers not only educate but also serve as guardians and

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 The Nobel Prize in Literature has been awarded to Norwegian writer, Mr Jon Fosse, for “his innovative plays and prose, which give voice to the unsayable,” according to the Royal Swedish Academy. One of his country’s most-performed dramatists, Mr Fosse, 64, has written some 40 plays as well as novels, short stories, children’s books, poetry and essays. Learn more about the 2023 #NobelPrize in Literature: https://t.co/dVT9QJr7PM — The Nobel Prize (@NobelPrize) October 5, 2023 Mr Mats Malm, permanent secretary of the academy, announced the prize Thursday in Stockholm. Mr Malm said he reached Fosse by telephone to

By FBNQuest Research The net FX flows through the CBN were negative by $760 million in May but positive over the 12-month period to the tune of $5.12 billion. Inflows through the CBN, which consist of monies from the oil economy and the non-oil public sector, declined from $2.87 billion to $2.26 billion in May. Outflows, in contrast, rose from $2.16 billion to $3.02 billion in the same month, which the commentary attributed to inter-bank utilization, external debt service, drawings under letters of credit and an unspecified “FX special payment”. The surge in inflows to $5.06 billion in February coincides

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has placed new limitations on cash withdrawals from January 9, 2023, following the launch of the redesigned Naira notes by President Muhammadu Buhari last month. In a letter seen by Business Post on Tuesday, all Deposit Money Banks (DMBS) and Other Financial Institutions (Payment Service Banks (PSBs), Primary Mortgage Banks (PMBs) and Microfinance Banks (MFBs) must not allow individuals and corporates to withdraw more than N100,000 and N500,000, respectively, while cheques above N50,000 shall not be available. It noted that in line with the cashless policy of the CBN, all financial

By Modupe Gbadeyanka Global rating agency, Standard and Poors has affirmed its AfDB’s ‘AAA/A-1+’ Ratings with Outlook Stable. This is similar to Fitch’s recent affirmation of the Bank’s Triple ‘A’ rating with Stable Outlook as well. In the statement, S&P summarised its ratings released on July 31, 2017 said it expects the African Development Bank (AfDB) will further increase its lending over the next two years, while maintaining its current stand-alone credit quality, with a very strong business profile and very strong financial profile. “In addition, we incorporate into our ratings on AfDB potential extraordinary shareholder support, owing to callable

By Dipo Olowookere On Thursday, September 24, 2020, shareholders of PZ Cussons Nigeria Plc will converge for an Extraordinary General Meeting (EGM) to take a final decision on the sale of the business and assets of Nutricima Limited to FrieslandCampina Wamco Nigeria Plc and FrieslandCampina Nederland B.V. The company plans to sell and transfer to Friesland a portion of its land on Plot 20A, Ikorodu Industrial Scheme in Ikorodu, Lagos State. The forthcoming meeting was earlier fixed for Tuesday, July 28, 2020, but it could not take place. But later this month, the event will take place by 11am at

By Dipo Olowookere Governor Godwin Obaseki of Edo State has urged various governments to provide more incentives for local companies. According to him, when this is done, more firms would invest in the economy, which will in turn bring about growth in the country. The Governor, speaking at the Government House in Benin City, said one of these incentives can be a non-punitive tax regime, which he said would make attract more investments, even international companies. Mr Obaseki noted that, “Without strong local investors, we cannot attract international investors” and giving these incentives “will attract other investors to locate their

The Managing Director of Elgusto Classic International, Mr Roland Uche Ogbonna, has been brought before Justice Abdulazeez Anka of Federal High Court in Ikoyi, Lagos. Mr Ogbonna was charged on Friday, August 12, 2016, by the Nigeria Customs Service (NCS), Federal Operations Unit on three counts charge bordering on illegal importation of furniture, breaking of customs seal and evasion of duty payment. Business Post learnt that the suspect and his company were alleged to have imported 511 sets of various furniture from China in July 2016, contrary to provision of section 47 (i) and (ii) of the Customs and Excise

By Dipo Olowookere Transactions worth N699.3 billion were executed on the floor of the Nigerian Stock Exchange (NSE) in four months by 10 stockbroking firms in the country. These deals involved the exchange of 51.6 billion shares traded by investors from January to April 2018, data from the NSE disclosed. In terms of value, the 10 brokerage companies accounted for 64.05 percent, while in terms of volume, they accounted for 49.36 percent of the trades. A breakdown of the analysis showed that in value terms, Stanbic IBTC Stockbrokers Limited topped the chart with N177.8 billion or 16.2 percent, while CSL

By Adedapo Adesanya The Naira appreciated against the US Dollar at the black market and the Peer-to-Peer (P2P) arms of the foreign exchange (forex) market on Wednesday but recorded a marginal loss at the Investors and Exporters (I&E) window. In the parallel market, the domestic currency gained N3 against the greenback to sell at N727/$1 compared with the previous day’s value of N730/$1. Also, in the P2P window, the local currency appreciated against the American Dollar by N9 to trade at N751/$1 compared with the previous day’s rate of N760/$1. Business Post reports that the Naira eased off the scare