LAUTECH Alumni Association Abuja Chapter Congratulates New VC Designate

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 Adedapo Adesanya Nigerian e-book distribution startup, OkadaBooks, which allows users to bypass traditional publishers and publish their stories, will shut down by the end of this month. In a message seen by Business Post on Monday, the platform, which was established by Mr Okechukwu Ofili, said, “After much consideration and reflection, we have come to a difficult decision, OkadaBooks will be closing its virtual doors on November 30, 2023.” The statement added that, “This has not been an easy choice. We’ve explored various avenues to keep our virtual bookshelves alive, but, unfortunately, the challenges we face are insurmountable.” Mr

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 Jerome-Mario Utomi Recently, Governor Sheriff Oborevwori of Delta State approved a 25 per cent reduction in acceptance fees payable in the four state-owned universities as part of palliatives for students. The governor’s approval was contained in a statement issued by Festus Ahon, his chief press secretary, on Wednesday, in Asaba. According to the statement, the reduction in the acceptance fee was in line with measures taken by the Delta State government to cushion the effect of the fuel subsidy removal on citizens. Ahon further said that the 25 per cent reduction was applicable to new students at the state-owned

By Aduragbemi Omiyale Start-ups in Nigeria have been given an opportunity to pitch for a pre-seed equity pool of $30,000 offered by an SSE Angel Network known as #StartupSouth. The firm is organising a boot camp later in the year and it has opened applications for entries, which close on Thursday, September 30, 2021, a statement made available to Business Post read. The StartupBootCamp by #StartupSouth is a two-week virtual acceleration programme aimed to identify early-stage start-ups within the South-South and South-East regions of the country with competent teams, high growth potential, signs of traction, and the ability to create

By Tenebe Anthonia The Nigerian Stock Exchange (NSE) has continued to demonstrate remarkable resilience amidst the coronavirus pandemic and volatility in the market. This has resulted into increased investors’ confidence as reflected in the performance of the various asset classes the exchange provides. On the equities side, the All Share Index (ASI) is outperforming comparable African Exchanges and stands at -7.16% YTD as at June 18, 2020, while capitalisation in the fixed income market has risen by 13.5 percent to N14.66 trillion from N12.92 trillion as at the end of 2019 as a result of increased listing activity from the

By Dipo Olowookere The Nigerian Exchange (NGX) Group Plc will on Tuesday, May 18, 2021, launch a campaign called The Stock Africa is Made of. This campaign comes on the back of the successful transformation of the defunct Nigerian Stock Exchange (NSE) to the NGX Group and its three subsidiaries – Nigerian Exchange (NGX) Limited, NGX Regulation (NGX RegCo) Limited and NGX Real Estate (NGX RelCo) Limited. The Stock Africa is Made of was designed to project the NGX Group’s new positioning and commitment to the African financial markets as a leading capital market infrastructure provider, connecting Nigeria, Africa and

By Dipo Olowookere The National Drug Law Enforcement Agency (NDLEA) says in the last four years, it has arrested 34,499 persons in connection with drug related offences across the 36 states of the federation and the Federal Capital Territory (FCT), Abuja. The agency said these arrests were made between 2012 and 2015. In the report obtained by the Economic Confidential in Abuja, Kano State in the Northwest geo-political zone is number one among the states in the federation with highest cases of drug-related offences within the period under review, just as the zone is also number one among the six

By Modupe Gbadeyanka Stakeholders in the administration of the maritime industry in Africa are converging in Abuja, Nigeria from Wednesday, April 19, 2017 (today) to discuss ways to improve the sector. Nigeria is hosting the 3rd Association of African Maritime Administration (AAMA) and those that matter in the industry have converged in Abuja for the conference. The event, organised by the Nigerian Maritime Administration and Safety Agency (NIMASA), is taking place at the Transcorp Hilton Hotel, Abuja. Business Post correspondent reports that theme of the programme is ‘Sustainable Use of Africa’s Oceans and Sea.’ Director General of NIMASA, Mr Dakuku

By Dipo Olowookere November 15 and 16, 2018 have been fixed for this year’s West African Property Investment (WAPI) Summit, the region’s most prominent and largest real estate investment and development conference, slated for Eko Hotel and Suites, Lagos. According to the summit’s host, API Events’ Kfir Rusin, this year’s theme: RE-Calibrating Supply and Demand for Sustainable Growth, is a natural evolution of the previous year’s theme, Changing the West African Narrative, which aided more than 400 delegates representing over 200 companies to reposition the sector in a region sparked to a growth footing by Nigeria’s exit from recession. As

The advent of the novel coronavirus disease, also known as COVID-19, into the country seems to have destabilized our social norms and behaviour. Nigeria, like all other countries of the world where this pandemic has visited, has responded by both treating the people who have contracted the disease and putting some preventive measures in place to minimize the rate to which her citizens get infected. Some of the measures the government has put in place to forestall transmission of the virus include the restriction on movement, closure of schools, ordering some cadres of the employees to stay home for some

By Adedapo Adesanya Crude oil prices dropped more than five percent on Monday, March 30, 2020, trading at the level last seen in the year 2002. This was heavily impacted by global restrictions on movements due to the COVID-19 outbreak. On Monday night, Brent crude depreciated by $1.56 or 5.62 percent to to trade at $26.39 per barrel, while the West Texas Intermediate (WTI) crude plunged by $1.18 equivalent to 5.7 percent to $20.33 per barrel. With over 776,000 coronavirus cases recorded across the globe, countries have activated lockdown, meaning no usual activities taking place, leading to fall in demand