FUTO Releases 2016/17 Admission Screening Result

By Bliss Okperan The resumption date of the National Diploma (ND) 2 students of the Nigerian Institute of Journalism (NIJ) in Ogba, Lagos, has been postponed by the management to January 2024. The affected students, who are currently undergoing their mandatory Students Industrial Work Experience Scheme (SIWES), were earlier scheduled to resume for the 2023/2024 academic session on Monday, December 18, 2023. However, information gathered by Business Post from the Student Affairs Officer, Mrs Esther Eke, confirmed that this date has been moved forward to next year after discussions. According to her, the decision to shift the resumption date was

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 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 Bliss Okperan Students of the University of Calabar (UNICAL) have taken to the streets in protest against the increment of tuition fees by over 100 per cent. The aggrieved students, who marched around the school premises, took their protest to the main gate of the institution, causing traffic gridlock along the Etta-Agbor and Mary Slessor roads in Calabar Municipality LGA. The protesters took placards with various inscriptions to kick against the decision of the management to increase their fees as well as other charges, asking for an immediate reversal. Some of the inscriptions read, “return to the old fees”,

By Modupe Gbadeyanka The treasury bills market was relatively flat on Thursday except for slight interests on some short tenors. According to Zedcrest Research, this was as market players shifted focus to the OMO auction conducted by the Central Bank of Nigeria (CBN) during the trading session. It was gathered that at the exercise, the apex bank sold a total of N453 billion of the N450 billion offered and the N423 billion that matured. The most interests remained on the longest tenor, while rates were unchanged at 11.50 percent, 13.00 percent and 14.50 percent on the 77-day, 182-day and 364-day

By Adedapo Adesanya HMD Global, the makers of Nokia phones, has launched the Nokia G21, an affordable smartphone boasting of impressive three-day battery life and 50 per cent better display refresh for an extra smooth experience in the Nigerian market. The introduction of the Nokia G21 smartphone comes weeks after it launched three new C-series smartphones – the C21, C21 Plus, and C2 2nd edition. Speaking on this, Mr Florian Seiche, CEO at HMD Global: “Our mission from day one has been to make quality mobile technology accessible to everyone around the world. Since we introduced the G-series last year,

By Dipo Olowookere Nigeria’s Vice President, Mr Yemi Osinbajo, on Tuesday, November 14, 2017, held a meeting with the team of MasterCard executives led by its president and CEO, Mr Ajay Banga, at the State House in Abuja. During the meeting, both parties discussed the importance of developing a digital framework for Nigeria to support the country’s ongoing transformation, ensuring the development of a more inclusive economy. Mr Osinbajo recognised the critical role of technology in driving Nigeria’s development to help enable the country to benefit from the expansion of consumer and business spend as cities become hubs for commerce.

By Aduragbemi Omiyale The Department of State Services (DSS) on Tuesday, July 25, 2023, arraigned the suspended Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, as promised. He was charged with illegal possession of a firearm by the country’s intelligence gathering agency at a Federal High Court sitting in Lagos. When the charges were read to him, the banker pleaded not guilty. Mr Emefiele was arrested by the secret police last month after he was removed from office by President Bola Tinubu. He was flown to Abuja and kept in custody until the court gave the DSS

By Dipo Olowookere A globally operating intralogistics specialist headquartered in Germany, Linde Material Handling, has selected a Nigerian product-as-a-service provider, Bisedge Limited, as its local partner. With this development, Bisedge will be responsible for the import and maintenance of all Linde Material Handling equipment in Nigeria. This has also given the local company the authorisation to sell the forklift trucks produced by the German company in Nigeria, helping the European firm to expand its operations to the largest market in Africa. Already today, the Linde forklift brand is very well established in Nigerian consumer goods and industrial companies with a

By Modupe Gbadeyanka On Tuesday, the Central Bank of Nigeria (CBN) continued with its open market operations (OMO) auction, selling a total of N48.188 billion bills at the close of market. Business Post reports that the market was relatively quiet yesterday as the average treasury bills yields depreciated to 18.69 percent after shedding 32 basis points. Result of Tuesday’s sale by the apex bank showed that a total of N98.88 million of the 100-day bill was sold by the CBN at 16 percent stop rate, while N48.09 billion worth of the 198-day bill was also auctioned at 17.80 percent stop

By Dipo Olowookere The persistent interest in stocks by domestic and offshore investors further increased the Nigerian Exchange (NGX) Limited by 0.62 per cent on Thursday. This expanded the All-Share Index (ASI) by 318.98 points to 52,048.85 points from the previous day’s 51,729.87 points as the market capitalisation grew by N174 billion to N28.350 trillion from N28.176 trillion. Business Post observed that banking equities, especially those in the tier-one category, enjoyed traders’ patronage yesterday, pushing the banking index up by 2.15 per cent. The consumer goods counter improved by 0.74 per cent, the energy sector appreciated by 0.54 per cent,