Nigerian Students, Others Contribute $514m to US Economy

By Adedapo Adesanya Mr Obari Gomba, a playwright, has been announced as the winner of the $100,000 Nigeria Prize for Literature for the 2023 cycle on Drama for his work titled Grit. The prize, sponsored by Nigeria LNG Limited (NLNG), was announced on Friday by Professor Akachi Adimora-Ezeigbo, the Chairperson of the Advisory Board, at the Grand Award Night ceremony in Lagos, themed Redefinition. She also announced Eyoh Asuquo Etim’s entry Herstory versus ‘History’: A Motherist Rememory in Akachi Ezeigbo’s The Last of the Strong Ones and Chimamanda Adichie’s Half of a Yellow Sun as the 2023 winner of The

By Aduragbemi Omiyale There are plans to add more schools to the Re-imagine Education program of Airtel Nigeria and the United Nations Children’s Fund (UNICEF) in Nigeria. In December 2022, both organisations launched the initiative to transform education, leveraging the power of technology to enhance teaching and learning experiences for children across the country. With a shared vision of empowering children through education, Airtel and UNICEF have been working together to provide innovative solutions that bridge the digital divide and create equal opportunities for all children. The two parties have promised to continue to work hand in hand to expand

By Bliss Okperan The National President of the Academic Staff Union of Universities (ASUU), Prof Emmanuel Osodeke, has warned the rising school fees of tertiary institutions in Nigeria could backfire in the future if nothing is done by the federal government to stop it. Speaking on Channels TV Sunday Night, the union leader said in two years’ time, about 40 to 50 per cent of students in universities across the country could drop out of school because of their inability to pay the high fees. The don urged the federal government to stop the arbitrary increment in school fees by

Ghanaian architects and developers are seeing the benefits of IFC’s EDGE green building certification as recognition for their projects. Available in over 160 countries, EDGE is gaining popularity around the world, with more than nine million square meters now certified. EDGE provides architects and developers with a free, interactive application that helps them determine the most cost-effective ways to design green within their local climate context. Each design and building element, from the type of flooring to the cooling system, has an impact on resource intensity. The EDGE software helps determine the savings in energy, water and embodied energy in

By Modupe Gbadeyanka Nigerian stocks rebounded on Friday to erase yesterday’s marginal loss, closing today 0.85 percent higher to push the year-to-date return up to 32.05 percent. Business Post reports that trading activities on the floor of the Nigerian Stock Exchange (NSE) finished the week on a positive note with investors gaining N103.4 billion despite the low volume of shares transacted at the market. The All-Share-Index (ASI) appreciated by 299.84 points to close at 35,488.81 points, while the market capitalisation improved by N103 billion to settle at N12.2 trillion. In addition, the market breadth further ended positive with 22 stocks

By Dipo Olowookere The Debt Management Office (DMO) on Wednesday conducted another sale of treasury bills via Primary Market Auction (PMA). During the exercise, the debt office offered the debt instruments worth N147.6 billion to investors with a total subscriptions valued at N204 billion received. As expected, the rates were 0.26 percent higher than the last PMA conducted earlier this month, according to Business Post analysis. Results from the exercise showed that 91-day bills worth N5.85 billion were sold to market players at 10.96 percent from the N5.92 billion worth of subscriptions received, while N19.25 billion worth of the 182-day

By Modupe Gbadeyanka A popular actor in the Nigerian movie industry, otherwise known as Nollywood, Ernest Asuzu, has died after he slumped on Tuesday evening. President of the Actors Guild of Nigeria (AGN), Mr Emeka Rollas, who confirmed the death of his colleague, explained that Mr Asuzu gave up the ghost on his way to the hospital. According to the leader of the actors’ group in the country, the famous ‘gangster’ role interpreter slumped and was being taken to a medical facility but could not make it there. “Yes, Ernest Asuzu is dead. I am trying to reach his wife

By Dipo Olowookere Not less than N5.7 billion was reportedly spent by employees of the Nigeria Social Insurance Trust Fund (NSITF) on pay TV subscription and fuel allowance, a report by the administrative panel of enquiry set up by the Minister of Labour and Employment, Mr Chris Ngige, has revealed. Chairman of the panel, Mr Ishaya Awotu, while submitting his report on Wednesday, disclosed that there were irregular allowances totalling N5.7 billion paid to staff and management of the agency. “These allowances were paid without the approval of the National Salary, Incomes and Wages Commission,” NAN quoted him as saying.

By Dipo Olowookere Business Post has learnt that First Nation Airways, which suspended its operations last week, will resume flight operations next week. A statement issued by the company and obtained by Business Post disclosed that the airline operator will re-commence operations on Thursday, September 15, 2016. In the press statement issued by the Head, Corporate Affairs of the airline, Mr Rasheed Yusuff, the company said it was undergoing engine maintenance for safety operations, in line with global practice in the industry. It, however, denied folding up or on the verge of doing so. “FirstNation is not on the verge

By Modupe Gbadeyanka A new trading week has started on Monday and investors are optimistic of having the bulls returning to the market following the conclusion of the 2019 general elections at the weekend. Also, the return of the market to the positive territory on Friday is expected to boost confidence of investors this week. Analysts at Meristem this morning revealed their top five stock picks for the week and they are presented below. First on the list is Dangote Cement, which closed N189.70k per share last week. The stock is projected to gain 22.36 percent in the week to

By Adedapo Adesanya  Prices of oil pointed upward on Friday, continuing from gains made in the previous session after progress was made in the talks between the United States and China to end their trade war. This spell good news for Nigeria as its oil benchmark, Brent crude futures traded $60.66 per barrel, up $1.56 or 2.64 percent, while the US West Texas Intermediate (WTI) crude futures rose $1.32, rising by 2.4 percent to trade at $54.87 per barrel. The United States and China reached a partial agreement on Friday that may lead to a truce in the trade war