OOU Introduces Work-Study Programme to Reduce Attrition

By Adedapo Adesanya The Academic Staff Union of Universities (ASUU) has urged the federal government to review the recent hike in the fees in universities and unity schools across the country. Recall that the fees of federal universities and unity colleges were recently increased, causing many Nigerians to raise eyebrows amid dwindling purchasing power and a hike in the prices of goods and services. The government was looking to increase its revenue and cut down on borrowings to fund its budgets. The National President of ASUU, Mr Emmanuel Osodeke, in an interview with the News Agency of Nigeria (NAN) on

By Adedapo Adesanya The federal government has promised to increase the budget for education to 25 per cent, according to the Minister of Education, Mr Tahir Mamman. The Minister said this at the Nigeria Annual Education Conference (NAEC) in Abuja on Monday, themed Implementation of Education 2030 Agenda for Sustainable Development in Nigeria. He said the administration of President Bola Tinubu to improve the quality of education in the country through the right policies. The United Nations suggested to the federal government to increase its current budgetary allocation to the education sector from seven to 20 per cent in order

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 Modupe Gbadeyanka Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Maikanti Bari, has thrown his full weight behind on the restructuring of the NNPC. While receiving on Tuesday a delegation from the NNPC Retired Staff Association led by its President, Mr George Owarieta, in Abuja, the GMD said the ongoing reforms will place the state-owned firm on a long-term growth trajectory for the benefit of all stakeholders. According to him, the restructuring was the surest way to sustainable growth and profitability. “On restructuring of the NNPC, definitely there are benefits in the exercise both to the

By Jerome-Mario Utomi A peripheral look at the list of actions so far taken by the President Muhammadu Buhari led administration to quail the raging youth unemployment challenge in the country will flash a feel that all is well with the Nigerian youths in the areas of employment and economic wellbeing. But contrary to this belief, the mind eyes of Nigerians upon objective assessment need not pause before disagreeing with the above assertion. This particular contradiction becomes more evident when one looks at available reports/data from Nigerian Bureau of Statistics (NBS) which reveals that Nigeria’s second-quarter unemployment rate among young

By Modupe Gbadeyanka Leading Nigerian telecommunications firm, Globacom, has lost its operating license in the Republic of Benin. This followed the refusal of the country’s authorities to renew the license of the Nigerian company after it expired. It was gathered that the country’s regulatory agency, ARCEP-Benin, gave new conditions to Globacom, but the firm refused to accept them. This, according to Reuters, forced Benin’s telecommunications regulator to withdrawn Glo’s operating licence. It was learnt that Glo refused new conditions imposed by the government. Glo Mobile Benin said it had over 1.6 million subscribers in 2015, according to the most recent

By Adedapo Adesanya The group managing director of Africa Re., Mr Corneille Karekezi, has pointed out that Nigeria remains a market filled with potential to do well regarding agro insurance, but farmers remain not fully integrated into the formal sector. In an interview published by the African Insurance Organisation (AIO), he said that despite the economic importance of the agricultural sector to many countries, agricultural insurance markets are still at a very early stage of development in Africa, drawing examples from South Africa and Nigeria. Agricultural insurance premiums in Africa are estimated to be less than 0.7 per cent of

By Dipo Olowookere United States Secretary of State, Mr Mike Pompeo, has released the 18th annual Trafficking in Persons (TIP) Report. The report assesses the efforts of governments around the world to fight human trafficking, including in the United States. This year’s TIP Report notes the government of Ghana’s increased efforts to combat human trafficking in 2017, including implementing a national anti-trafficking plan, prosecuting and convicting an increased number of labour and sex traffickers, and increasing cooperation across anti-trafficking government agencies. Additionally, Ghana adopted procedures to identify and refer trafficking victims to necessary services and supported a range of anti-trafficking

By Modupe Gbadeyanka An indigenous company, Pinnacle Oil and Gas Limited, is interested in acquiring a total of 6 billion shares of Capital Oil Plc. Pinnacle Oil and Gas, according to information revealed by Capital Oil, is willing to pay N600 million for the deal through a private placement. This amounts to 10 kobo per share of the firm, which is listed on the Nigerian Stock Exchange (NSE). However, before the transaction can be completed, shareholders of Capital Oil Plc will have to give their approval. To make this happen, the board of Capital Oil has announced its intention to

By Dipo Olowookere The Nigerian Exchange (NGX) Limited ended the first trading session of the week on a positive note, as it appreciated by 0.95 per cent amid encouraging Q4 earnings of companies on the stock exchange. Analysis of the market performance showed that investors saw the need to buy more shares during the session, leading to a significant increase in the level of activity. A total of 201.4 million equities worth N5.7 billion exchanged hands in 4,332 deals yesterday, in contrast to the 171.1 million equities worth N2.3 billion transacted last Friday in 3,599 deals, indicating an improvement in