JAMB Generates N5.9bn from 2021 UTME, Direct Entry Forms

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By Adedapo Adesanya The World Bank has approved additional financing of $700 million for Nigeria to scale up the Adolescent Girls Initiative for Learning and Empowerment (AGILE) programme to improve secondary education opportunities among girls in targeted states. The additional financing, according to the global lender, will improve project activities from the current seven states to 11 additional states and increase the targeted beneficiaries to include out-of-school (OOS) girls, those who are married, and those who have disabilities. Nigeria has over 12 -15 million out-of-school children in the school-age group, reportedly one of the largest, with the majority of them

By Bliss Okperan The University of Osun State (UNIOSUN) has set a goal to achieve a spot in the 10 top universities in Nigeria by 2026. The Vice Chancellor of the institution, Prof. Clement Adebooye, while speaking on Friday at the main campus of the university in Osogbo, said the management also intends to make the school one of the 25 best in Africa in three years’ time. According to him, the management has begun to implement the strategies designed to meet this target, including providing a peaceful academic environment for students and others. He expressed the commitment of the

By Adedapo Adesanya The Tertiary Education Trust Fund (TETFund) has revealed that consultations are ongoing to suspend foreign scholarships as a result of the current FX crisis in the country. The Naira has performed badly at the foreign exchange (forex) market lately, particularly after the Central Bank of Nigeria (CBN) floated the local currency, allowing market forces to determine its value. Since this move last month, some students studying abroad have found it difficult to access FX because of its high rate. The Executive Secretary of the fund, Mr Sonny Echono, at a public hearing on alleged missing N2.3 trillion

By Dipo Olowookere There was apprehension on Thursday in the Asade Mangoro area of Lagos State when a train has derailed from its track. Information reaching us revealed that the derailed train hit some vehicles in the area, leaving some undisclosed number of persons wounded. It is still not certain if any life was lost during the unfortunate incident, which has caused traffic gridlock in the area. Some passers-by, residents and those doing business within the area were seen around the scene of the incident. Business Post reports that the derailed train was carrying some passengers when the incident happened

By Adedapo Adesanya Visa, in collaboration with payment service, Pesapal, have announced a strategic partnership to drive connected digital payments to consumers and businesses in Africa. With the partnership, Pesapal will become the global digital payment systems’ Principal Member driving small business acquiring and issuing. Pesapal has created Africa’s only payments ecosystem that offers – eCommerce, Point of Sale, and Consumer applications on one platform. It also recruits and supports businesses to be able to digitize payment collection securely while integrating to business internal systems such as POS, ERP, Accounting, and Billing systems. By integrating businesses, Pesapal is then able

By Modupe Gbadeyanka An indigenous Naira trading platform called ‘CloudTrade’ has been launched by the Eagle Global Markets (EGM). ‘CloudTrade’ aims to eradicate bureaucratic bottleneck in trading the global market and gives investors a better way to trade with the Naira. Addressing business correspondents at a press conference in Lagos on Friday, the Chief Executive Officer of the company, Mr Gbite Oduneye, explained that all global markets trades through the online trading platform are done in Naira. According to him, this does not “put pressure on the foreign exchange because all global markets trades through its platform are done in

By Modupe Gbadeyanka A revolutionary email-based billing, payment and banking software system called ‘EmailMoni’ has been launched by UBA and MEC Inc. Business Post gathered that EmailMoni is expected to transform the payments, invoicing/billing and remittances landscape in Africa because it represents the world’s latest fin-tech for cloud banking and social payment system. “We are proud to open any frontier for e-payments in Africa with EmailMoni. This conforms with our desire to continuously deliver innovative and convenient payment options to our customers. Our innovations in the digital banking space have been possible because of our huge investments in building efficient,

By Modupe Gbadeyanka The foreign exchange market in Nigeria was further strengthened yesterday by its apex bank with the release of fresh $210 million. According to the Central Bank of Nigeria (CBN), the $210 million released on Tuesday was part of effort aimed at boosting liquidity in the forex market, facilitating trade and easing remittances for legitimate personal commitments. Spokesman of the chief lender, Mr Isaac Okorafor, stated that the Whole segment was supported with $100 million, while the Small and Medium Enterprises (SMEs) sector had $55 million, and the invisibles window, (i.e. tuition fees, medical payments and Basic Travel

By Modupe Gbadeyanka Lagos State government has threatened to begin to sanction residents in the habit of storing flammables in residential or office buildings. Commissioner for Special Duties and Inter-Governmental Relations, Mr Tayo Bamgbose-Martins, described this act as an “irresponsible practice,” reiterating the commitment of government to ensure the safety of lives and property of all residents of the city. Mr Bamgbose-Martins, while inspecting the scene of the fire incident on Martins Street, Lagos Island, urged Lagosians to desist from keeping combustible materials such as PMS (Petrol) and PKO (Diesel), causing fire incidents. Commenting on Wednesday’s fire incident, the Commissioner

By Dipo Olowookere Last week on the floor of the Nigerian Stock Exchange (NSE), the All-Share Index and market capitalisation depreciated by 2.54 percent to close the week at 30,874.17 points and N11.271 trillion respectively. Similarly, all other indices finished lower with the exception of the NSE ASeM, NSE Insurance and NSE Consumer Goods indices that finished higher by 0.09 percent, 4.71 percent and 0.08 percent respectively. Also in the week, a total of 25 equities appreciated in price, lower than 30 in the previous week, while 41 equities depreciated in price, higher than 24 of the previous week, with