EU Gives Flagship Postgraduate Scholarships to 200 Nigerians

By Bliss Okperan and Precious Olisa Students of Tai Solarin University of Education (TASUED) in Ijebu Ode, Ogun State, have staged a peaceful protest against the hike in tuition fees by the management. The aggrieved students gathered at the school’s premises to express their dissatisfaction over the development, calling on the authorities to reverse the action. As reflected on the institution’s portal, new students are expected to pay N230,000 for the 2023/2024 session compared with the previous fee of N76,500, representing about 200 per cent, while the returning students are to pay N180,000, about 135 per cent higher than the

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 Royal Swedish Academy of Sciences has awarded the Sveriges Riksbank Prize in Economic Sciences to Claudia Goldin for having advanced our understanding of women’s labour market outcomes. She provided the first comprehensive account of women’s earnings and labour market participation through the centuries. Her research revealed the causes of change, as well as the main sources of the remaining gender gap. BREAKING NEWSThe Royal Swedish Academy of Sciences has decided to award the 2023 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Claudia Goldin “for having advanced our understanding of women’s labour

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 Dipo Olowookere A Nigerian civic company, BudgIT, has said, based on findings, it would be difficult for the federal government to get buyers for the proposed securitisation of the N22.7 trillion overdrafts of the Central Bank of Nigeria (CBN) at 9 per cent per annum coupon rate. President Muhammadu Buhari on Tuesday appealed to the National Assembly to reconsider his request to convert the ways and means into securities. The bonds, to be sold to interested investors in local denomination, would have a maturity of 40 years at a coupon rate of 9 per cent. Last week, the Senate

By Aduragbemi Omiyale The chief executive of the Ecobank Group, Mr Jeremy Awori, has expressed the organisation’s excitement over the growth opportunities in Nigeria, its core market, despite the several headwinds, noting that the leading pan-African banking group will “double down its efforts to support the growth of Ecobank Nigeria, which is a core business for the Ecobank Group.” Speaking at the closing gong ceremony on the floor of the Nigerian Exchange (NGX) Limited on Tuesday, the bank executive assured that Ecobank would continue to deliver “value to our shareholders while remaining accountable to stakeholders.” Mr Awori was introduced to

By Adedapo Adesanya, Dipo Olowookere The gross domestic product (GDP) of Nigeria grew by 0.51 per cent in the first quarter of 2021, data from the National Bureau of Statistics (NBS) released on Sunday night has revealed. This is the second straight growth the nation’s economy is recording after it slipped into a recession in the third quarter of 2020, Business Post reports. In the second quarter of last year, the economy contracted by 6.10 per cent and in the third quarter of the year, the GDP declined by 3.62 per cent, resulting in a recession. However, in the fourth

By Dipo Olowookere The Association of Bureaux De Change Operators of Nigeria ABCON) has lambasted the Central Bank of Nigeria (CBN) over its refusal to rescind its decision to stop the sale of foreign exchange (FX) to its members. Last year, the CBN Governor, Mr Godwin Emefiele, after a Monetary Policy Committee (MPC) in Abuja, announced that the apex bank would no longer sell forex to BDCs, accusing them of using the avenue to manipulate the system. Since the announcement, the value of the Naira to the Dollar at the FX markets have depreciated, selling nearly N600/$1 at the black

By Dipo Olowookere Mrs Olubunmi Fabamwo has retired as the Lagos State Public Service Staff Development Centre (LPSSDC). Mrs Fabamwo was appointed as the Director-General of the agency on May 18, 2009‎ by the Lagos State government. A send-forth ceremony was recently held in her honour and several people showered encomiums on her, describing her as an “administrator and intellectual par excellence.” Commissioner for Establishment, Training and Pensions, Dr Benson Akintola Oke, said Mrs Fabamwo’s “excellence enabled her to serve two successful terms as the Director-General of the premier Public Service Training Institute, not only in Lagos but in Nigeria.”

By Modupe Gbadeyanka Six companies listed on the Nigerian Stock Exchange (NSE) have been placed on delisting watch-list by the industry regulator. The affected firms have failed to comply with the corporate governance rules, according to an X-Compliance report released on Friday by the NSE. The report said as a result, the Quotations Committee of the National Council of the Nigerian Stock Exchange (QCN) has approved that the affected companies to be placed on delisting watch-list subject to filing Quarterly Compliance Report. The firms are African Paints (Nigeria) Plc, Afrik Pharmaceuticals Plc, Aso Savings & Loans Plc, Deap Capital Management

By Sodeinde Temidayo David The Managing Partner of Verraki Business Solution for Africa, Mr Niyi Yusuf, has advised the newly inducted 672 bankers by the Chartered Institute of Bankers of Nigeria (CIBN) to position themselves for the world of tomorrow. Over the weekend, a total of 672 new bankers were admitted into the institute from various categories of membership at the virtual 2021 CIBN Graduates Induction and Prize Awards Day. The induction, an annual ceremony of the institute, is the forum where student members who have completed their examinations and fulfilled all other conditions set by the governing council are

By Adedapo Adesanya The Governor of Ondo State, Mr Rotimi Akeredolu, has enjoined the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to support the state seaport project. Mr Akeredolu said this at a one-day stakeholders’ forum on the review of the existing revenue allocation formula for the 36 states and the Federal Capital Territory (FCT) by RMAFC in collaboration with the Ondo state government on Tuesday in Akure. Represented by his Deputy, Mr Lucky Aiyedatiwa, the Governor said with adequate support, the Ondo seaport would become a major revenue spinner for the state. He pointed out that the current revenue