Oyo Stops Automatic Promotion in Public Schools

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 Bliss Okperan The resumption date of the National Diploma (ND) 2 students of the Nigerian Institute of Journalism (NIJ) in Ogba, Lagos, has been postponed by the management to January 2024. The affected students, who are currently undergoing their mandatory Students Industrial Work Experience Scheme (SIWES), were earlier scheduled to resume for the 2023/2024 academic session on Monday, December 18, 2023. However, information gathered by Business Post from the Student Affairs Officer, Mrs Esther Eke, confirmed that this date has been moved forward to next year after discussions. According to her, the decision to shift the resumption date was

By Aduragbemi Omiyale A student of Premiere Academy, Lugbe, Abuja, Miss Sonia Nwakanma, has retained her position as the Best Female Chess Player in the Federal Capital Territory (FCT) for the third year running. She clinched the latest accolade she first picked in 2021 at the prestigious Abuja Inter-School Chess Competition, rated by the World Chess Federation (FIDE) and the Chess Players Association of Nigeria (CPAN). Miss Nwakanma, who is a member of the 2023 graduating set of the school, attributed her achievement to her school’s robust in-house sports and personal development facilities that offer students opportunities to compete with

By Bliss Okperan A lawmaker representing Kaura-Namoda/Birnin Magaji Federal Constituency in the National Assembly, Mr Aminu Sani Jaji, has raised alarm over the safety of children in schools in some parts of Northern Nigeria. The part of the country has witnessed kidnappings by terrorists and bandits, including in schools, leading to a low appetite for education over safety issues. While addressing newsmen in Abuja, he said, “These concerns intensify as incidents like the kidnapping of Federal University Gusau students follow purported dialogues, prompting public figures to call for a holistic approach to address the insecurity crisis decisively.” “Addressing the issue

By Adedapo Adesanya The performance of the oil market is not expected to be different from what was seen last week. In fact, things are anticipated to get worse as nations continue to feel the negative impact of the coronavirus disease, which has brought the world to its knees, with airports shutting down so as to curb the COVID-19 pandemic. The market still feeling the impact of the crash in crude oil prices caused by the rift between the leader of the Organisation of the Petroleum Exporting Countries (OPEC), Saudi Arabia and its former ally, Russia, though efforts are being

By Adedapo Adesanya Nigeria’s first deep seaport-based private free trade zone, Lagos Free Zone (LFZ), has won the Industrial Champion category of the 2023 Global Free Zones awards by the fDi Intelligence, a service from the Financial Times. The fDi Intelligence monitors global greenfield foreign direct investments across sectors and through the award, recognised industrial ecosystem provided by LFZ as a Special Economic Zone for manufacturing in Africa. According to the special report released by fDi Intelligence recognizing the world’s best free zones for FDI, LFZ was recognized as the inaugural winner of Africa’s industrial champions category on account of

**Make Nigeria Top Middle-Income Economy By Modupe Gbadeyanka A new long-term national development plan, the Nigeria Agenda 2050 (NA 2050), designed to make the country the top middle-income economy in the world by 2050 and reduce the unemployment rate to 6.3 per cent from 33 per cent in 2020, has been launched by President Muhammadu Buhari. The economic plan was unveiled on Wednesday by the President shortly before the weekly Federal Executive Council (FEC) meeting. He said the aim is to ensure Nigeria attains a per capita GDP of $33,328 per annum by then, noting successive administrations will find the

By Adedapo Adesanya  As the oil market awaits the outcome of the first leg of the two-day meeting of the Organisation of the Petroleum Exporting Countries (OPEC) taking place in Vienna, Austria, oil prices gained on Thursday. The meeting will involve discussions on compliance and possible reduction in oil supply from members states of the cartel which will reduce the risk of an oversupply and support prices in 2020. On the back of this, Brent crude was trading up by 47 cents or 0.75 percent on Thursday night to settle at $63.47 per barrel, while the US West Texas Intermediate

By Adedapo Adesanya Nigeria’s foremost interest-free bank, Jaiz Bank Plc, has expressed its commitment to lessening the burden on micro, small, and medium enterprises (MSMEs) and its customers. The lender showed this with the introduction of some of its unique banking propositions that have been tailored to meet the needs of every Nigerian. The bank, known for its Islamic banking foundation, which experienced a very positive performance in the first nine months of this year, said it would not be resting on its oars as it hopes to penetrate the market deeper with its line up of unique services. One

By Modupe Gbadeyanka Acting President, Mr Yemi Osinbajo, has canvassed for the empowerment of local producers with a view to promoting local production of goods in the country. Speaking at the nationwide Micro, Small and Medium Enterprise Clinics (MSME Clinics), an initiative of the Office of Vice President, hosted by the Ogun State government in Abeokuta yesterday, Osinbajo said there is need for Nigerians to do away with the importation mentality as such attitude kills the entrepreneurial skills of the people. Saying the nation is the leading largest economy in Africa, the acting president noted that it is blessed with

By Dipo Olowookere The heating up of the political terrain in the country is gradually having a negative effect on the Nigerian stock market, Business Post reports. During the just-concluded trading week, the Nigerian Stock Exchange (NSE) lost about N416 billion as a result of huge selling pressure at the market. Analysts had predicted that trading during the week would be positive as a result of improving macroeconomic indices in the domestic space, especially with the further ease in the inflation rate, positive GDP growth, passage of the 2018 budget and retention of the interest at 14 percent by the

By Modupe Gbadeyanka The Chartered Institute of Stockbrokers (CIS) of Nigeria has inducted Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr Oscar Onyema, as its associate member. CIS is the body statutorily empowered to train and certify professionals in the Nigerian capital market. It is the only professional body in Nigeria authorized to carry out qualifying examinations into the stockbroking profession and the Institute controls the activities of its members and matters associated with it. Business Post reports that the induction was done on Tuesday, December 19, 2017, at a ceremony held at the Stock Exchange House, Lagos.