Okowa Hails Beauty Queen over Education Project

By Adedapo Adesanya The Nobel Prize in Literature has been awarded to Norwegian writer, Mr Jon Fosse, for “his innovative plays and prose, which give voice to the unsayable,” according to the Royal Swedish Academy. One of his country’s most-performed dramatists, Mr Fosse, 64, has written some 40 plays as well as novels, short stories, children’s books, poetry and essays. Learn more about the 2023 #NobelPrize in Literature: https://t.co/dVT9QJr7PM — The Nobel Prize (@NobelPrize) October 5, 2023 Mr Mats Malm, permanent secretary of the academy, announced the prize Thursday in Stockholm. Mr Malm said he reached Fosse by telephone to

By Adedapo Adesanya The Royal Swedish Academy of Sciences has decided to award the Nobel Prize in Chemistry 2023 to three scientists — Moungi G. Bawendi, Louis E. Brus, and Alexei I. Ekimov for the discovery and synthesis of quantum dots. According to the announcement on Wednesday, the Nobel Laureates in Chemistry 2023 have succeeded in producing particles so small that their properties are determined by quantum phenomena. The particles, which are called quantum dots, are now of great importance in nanotechnology. “Quantum dots have many fascinating and unusual properties. Importantly, they have different colours depending on their size,” says

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  The federal government of Nigeria has said that it would build a new sea port in the Pessu area of Warri, Delta state and the project is estimated to gulp nothing less than $800 million. Minister of Transportation, Mr Chibuike Rotimi Amaechi, made this disclosure at Uvwie during an empowerment initiative for 1,700 women and youths with starter packs, micro-enterprise enhancement loan and resettlement packages, under the National Directorate of Employment empowerment programme. “We are building a brand new Sea Port in Pessu, it will cost 800 million dollars,” he said and appealed to youth of the

By Oluwafemi Adeoye With the recent acquisition of Union Bank of Nigeria (UBN) Plc by Titan Trust Bank Limited (TTB), a deal that took stakeholders by surprise last year, the latter is now positioned to maintain its lead as a technology-driven tier-1 bank, OLUWAFEMI ADEOYE writes. When Titan Trust Bank Limited (TTB), one of the three newest entrants into the Nigerian banking industry, began operations in October 2019, many people gave it just a passing glance, but after a few years, the achievements of the lender have taken industry watchers by surprise. Established on the 12th of December 2018 with

By Modupe Gbadeyanka To curb or reduce and illegal banking transaction in Nigerian banking system, Central Bank of Nigeria (CBN) in 2015 directed all account holders home and abroad to enrol for a bank verification number also known as BVN. BVN is an 11 digit identification number that gives every Nigerian with a bank account a unique identity that can be verified across the banking industry in Nigeria. This means even if you have accounts with all banks in Nigeria, you only need one BVN and you can link it to all other accounts. This article will explain all you

By Modupe Gbadeyanka Subscription of the N5.9 billion rights issue of WAPIC Insurance Plc has opened from Wednesday, November 20, 2019 and would close on Tuesday December 31, 2019. According to information from the company, those who qualify to partake in the exercise are investors who have its stocks as at the close of business on Thursday, September 19, 2019. WAPIC Insurance is offering to its shareholders 15,613,194,623 ordinary shares of 50 Kobo each at 38 kobo per share on the basis of seven new ordinary shares for every six ordinary shares held as at the qualification date. For the

By Modupe Gbadeyanka Interbank overnight lending rate in Nigeria dropped sharply on Friday to an average of 12 percent from around 60 percent a week ago, Reuters is reporting. This occurred after the central bank repaid matured treasury bills and a refund of excess cash deposited by banks to buy dollars. During the week, the apex bank sold $100 million at its special intervention auction in the foreign exchange market, which was less than the amount requested by banks, leading to a refund of the excess deposited by banks on Friday. The overnight lending rate jumped last week to as

By Dipo Olowookere Manufacturing activities in the month of July recorded a growth, making it the fourth consecutive month this has happened this year. In the data released by the Central Bank of Nigeria (CBN), the manufacturing Purchasing Managers’ Index (PMI) for July 2017 stood at 54.1 index points in contrast to 52.9 index points in June. During the period under review, 11 of the 16 subsectors reported growth in the following order: appliances & components; computer & electronic products; cement; primary metal; chemical & pharmaceutical products; food, beverage & tobacco products; textile, apparel, leather & footwear; printing & related

By Dipo Olowookere The first trading session of the new week on the Nigerian Stock Exchange (NSE) closed on a positive note today after trading 0.28 per cent higher. This was buoyed by a renewed buying pressure as the activity level was higher than the previous session with the trading volume, value and number of deals rising by 20.44 per cent, 25.63 per cent and 43.95 per cent respectively. A total of 340.8 million shares worth N5.6 billion exchanged hands in 4,235 deals on Monday compared with the 283.0 million equities worth N4.4 billion transacted in 2,942 deals last Friday.

By Dipo Olowookere The need for African leaders to engage youths in agriculture and make them see the sector as a profitable business venture and not a sign of lacking ambition has been emphasised by the President of the African Development Bank (AfDB), Mr Akinwumi Adesina. According to this, apart from tackling food security in the continent through this, it would also stem migration of African youths to Europe and the United States of America (USA) in search of greener pastures. AfDB, while commenting on the occasion of the 2017 World Food Day, highlighted how Africa’s food security depends on