FX Crisis: TETFund Mulls Suspension of Foreign Scholarships

By Adedapo Adesanya Irish author Paul Lynch won the 2023 Booker Prize for fiction for his novel Prophet Song, a dystopian work about an Ireland that descends into tyranny. The 46-year-old beat five other shortlisted novelists to the prestigious award at a ceremony in London. He becomes the fifth Irish writer to win the high-profile literary prize, which has propelled to fame countless household names, including past winners Salman Rushdie, Margaret Atwood and Hilary Mantel. “This was not an easy book to write,” Mr Lynch said after collecting his award, which comes with £50,000 (around $63,000) and a huge boost

By Bliss Okperan The University of Calabar (UNICAL), Cross River State, has increase its tuition for undergraduates by over 100 per cent. A statement issued on Monday disclosed that the upward review of the fees was taken at an emergency meeting of the university’s Senate on Friday. In the statement issued by the school’s spokesman, Mr Effiong Eyo, it was disclosed that the management implemented this increase because of the current economic realities and the need to maintain the academic standard which the university was known for. The statement added that the new fees would be effective in the 2022-2023

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 Bliss Okperan The federal government has announced January 2024 as the commencement date for the student loan initiative. Speaking at the 29th National Economic Summit on Monday, President Bola Tinubu said the loan programme “must commence” in January 2024. Recall that the Permanent Secretary at the Ministry of Education, Mr Andrew Adejoh, had earlier said the implementation of the scheme would be in September 2023, but this date was missed by the government, which was yet to get all things in place. Business Post reports that President Tinubu signed the Student Loan Bill into law a few months ago.

By Aduragbemi Omiyale The chief executive of Flutterwave, Mr Olugbenga Agboola, has highlighted three pillars for the achievement of an inclusive digital transformation in Africa. Speaking at the recently-concluded US-Africa Leaders Summit 2022, the tech entrepreneur said these ingredients are payment, commerce and logistics. “The three major pillars that can help Africans effectively leverage digital transformation for inclusive and sustainable development are payment, commerce and logistics. These pillars support the cross-border movement of money, people, goods and services without barriers,” he submitted. Mr Agboola was one of the panellists at a discussion titled How Can the US Support an Inclusive

By Dipo Olowookere The Nigerian Exchange (NGX) Limited rebounded on Monday by 0.78 per cent amid a weak investor sentiment caused by uncertainties in the macroeconomic environment. Buying interest in most of the sectors of the bourse lifted the stock market yesterday as traders keep an eye on the presidential election this weekend in Nigeria. Apart from the industrial goods space, which depreciated by 0.05 per cent, every other sector closed in the positive region at the close of transactions. The energy index appreciated by 0.86 per cent, the baking counter improved by 0.18 per cent, the insurance ecosystem went

By Dipo Olowookere Activities are closed on the floor of the Nigerian Stock Exchange (NSE) today as a result of the public holiday declared by the federal government to market the country’s Independence Day remembrance. On October 1, 1960, Nigeria gained independence from the British government and since then, the day is celebrated across the country. At the close of market last Friday, the management of the NSE released a statement to inform investors that its doors would not be opened today for business. “The Federal Government of Nigeria has declared Monday, October 1, 2018, as Public Holiday to mark

By Ashemiriogwa Emmanuel **Calls for Participation in CVR in South-East The South-East Coordinator of the All Progressives Congress (APC) Ward-To-Ward Ambassadors (WWA), Mr Akunwata Ejoh Ojiba, has called on the members of the Indigenous People of Biafra (IPOB) to stand over its latest policy of shutting down the South East every Monday. The party’s coordinator, speaking in Onitsha, Anambra State, said that the policy was detrimental to the sustainability of the population of the zone in Igboland and that there was no economic wisdom in shutting down the region. This followed a statement issued last Friday by the IPOB publicity

By Adeniyi Ogunfowoke Your business has big plans for now and the future. You are betting big on technology to take your business to the next level. Unknown to you, it is this same technology that is hindering and preventing your business from attaining its full potential. The interesting thing here is that some of the most common tech mistakes that businesses make are also the easiest to fix. Here are some tech mistakes that are hindering the growth of your business. You think you’re smarter than robots More businesses every day are jumping on the artificial intelligence bandwagon, and

By Modupe Gbadeyanka Monday, October 16, 2017 has been fixed for the commencement of the rights issue of Consolidated Hallmark Insurance Plc. The insurer plans to raise N500 million from the exercise, which closes on Wednesday, November 22, 2017. A statement signed by the Acting Head, Listings Regulation Department of the Nigerian Stock Exchange (NSE), Mr Godstime Iwenekhai, disclosed that the firm is offering 1 billion shares for sale at 50k each. “Dealing members are hereby notified that the rights issue of Consolidated Hallmark Insurance Plc of 1,000,000,000 ordinary shares of 50 kobo each at the offer price of 50

By Adedapo Adesanya The United Kingdom on Wednesday became the first Western country to approve a COVID-19 vaccine for general use. It announced a rollout of Pfizer-BioNTech’s vaccines from next week in a major advance for humanity’s fightback against the coronavirus that started less than a year ago in Wuhan, China. The UK’s independent medicines regulator, Medicines and Healthcare products Regulatory Agency (MHRA), gave its green light in double-quick time but insisted safety had come first. Speaking on this, the agency’s chief executive, Ms June Raine, said, “Everybody can be confident that no corners whatsoever have been cut. The public

By Nkem Ndem Lagos City is highly populated and as such, its inhabitants opt for all sorts of living arrangements from estate settlements to shared flats and hostels. While these accommodation options have their own unique perks, a majority (especially those who are single) tend to prefer arrangements where they get to live alone. Sure, living alone sounds fab as in Lagos it seems like a privileged opportunity, however, in my short period of living alone, I have noticed several things that provide the summation that living alone in this city may not necessarily be all that it is hyped