Ogun Model Schools Open September

By Adedapo Adesanya A 400-year-old British educational institution, Charterhouse, has commissioned its first African school, currently in progress on a sprawling 70-hectare site located at Ogombo in Lekki, Lagos. The introduction of Charterhouse Lagos marks the convergence of British independent school heritage with cutting-edge educational practices, ushering in a new era of excellence in West African education. Charterhouse Lagos will represent a remarkable educational undertaking in the commercial capital of the country, with the planned $150 million campus expected to be fully delivered in 2028. The school’s development will unfold gradually, with the first intake of primary school students in

By Bliss Okperan The West African Examinations Council (WAEC) has announced that it has discarded the use of the paper and pencil test model and has adopted the Computer-Based Test (CBT) for the Senior School Certificate Examination (SSCE). In a statement obtained on Monday by Business Post, it was disclosed that this system will become effective from February 2024. In the statement signed by the acting Head of the Public Affairs Unit at WAEC, Ms Moyosola Adesina, the examination body said it adopted this mode to meet up with the latest global system. “In line with global best practices, the

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 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 Shareholders of Stanbic IBTC Holdings Plc will receive N1.50 per share as an interim dividend for the first half of 2023, the board of the organisation has confirmed. The cash reward was announced by the board after the release of the company’s financial statements for the period ended June 30, 2023. The initial months of 2023 were dominated by significant incidents like the general elections and cash scarcity, which temporarily impacted business activities. However, the tide turned in the second quarter as business activities gained momentum. The Stanbic IBTC Bank Purchasing Manager Index (PMI) rebounded, surpassing the

By Dipo Olowookere In bid to provide quality healthcare for Ghanaians, world’s leading digital industrial company, GE Healthcare, has partnered with the Ghana Ministry of Health and Bouygues Batimat International with the support of the US Government to overhaul the Greater Accra Ridge Regional Hospital in the Ridge District of Accra, Ghana. The company comes on board as a technology partner to supply and install various high-end medical equipment in the new facility. The upgraded hospital, which launched this week, has almost trebled its bed count from 192 to 420 and a further 200 beds will be added in the

By Dipo Olowookere The management of Vanguard Newspapers has reacted to comments made by Chairman of its Editorial Board, Mr Ochereome Nnanna, describing the Yorubas as “sophisticated morons.” In a statement issued on Saturday and signed by its Editor-in-Chief, Mr Gbenga Adefaye, the paper said the remarks made by Mr Nnanna do not reflect the position of Vanguard Newspapers on the Yoruba race, which is part of its readership. Vanguard described the comment as “unwarranted but careless, private outburst,” promising to look into the matter. “Our attention has been drawn to an offhand comment made by Mr Ochereome Nnanna ,

By Ashemiriogwa Emmanuel A Spanish quick-commerce start-up, Glovo, as part of its market expansion strategy and investment in Africa, has launched its operations in Nigeria. The company commenced its business in Nigeria with the introduction of a multi-category delivery app. This is coming after the start-up raised €450 million at the close of its Series F funding round. Nigeria is the start-up’s third market in West Africa and sixth in Africa. The on-demand courier service provider already operates in Morocco, Uganda, Kenya, Ghana, Côte d’Ivoire, and over 20 other countries across the world. The Glovo app, which has six unique

**N167 to N50 in Two Years By Dipo Olowookere One may not be wrong to say shareholders of Nigerian Breweries Plc are not satisfied with the performance of the company on the floor of the Nigerian Stock Exchange (NSE) in recent times. This is because the rate at wish the value of the company’s stocks at the market is nose-diving is alarming and it calls for worry and an urgent action to turn things around. Even the general performance of the company has not been very impressive going by the financial statements of the brewery giant in the past quarters.

By Adedapo Adesanya The Naira recorded no movement against the United States Dollar at the Investors and Exporters (I&E) as well as at the Peer-to-Peer (P2P) segments of the foreign exchange (FX) market on Wednesday, March 30. At the P2P window, the exchange rate of the Naira to the Dollar remained unchanged at N584/$1 amid stability at the digital currency market, which usually affects it. Yesterday, the crypto market remained largely bullish as seven of the 10 benchmarked tokens tracked by Business Post across several trading platforms closed in the green territory. Solana (SOL) recorded an 8.6 per cent increase

By Dipo Olowookere Sterling Bank Plc has assured its shareholders that its debt recovery efforts would be felt in the 2018 financial year results. This assurance was given by the bank’s Group Head, Credit Collection and Recovery, Mr Abiodun Aderoju, who said strategies such as restructuring for accelerated payoffs and possible foreclosure or disposal of pledged assets of defaulting debtors will ensure a progressive drop in the bank’s Non-Performing Loan (NPL) ratio which has decreased significantly year on year since 2016. “Sterling Bank witnessed a 383 percent increase in recoveries between 2016 and 2017. This resulted in a significant improvement