Private Universities Want Inclusion in N500bn TETFund

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 A leading human capital development consultancy company, KloverHarris, has given out free books and writing materials to top-performing students of Local Government Primary School, Isiwu, in Ikorodu, Lagos State, as part of its Corporate Social Responsibility (CSR) aimed at inspiring and encouraging brilliant academic performances. The CSR project undertaken on Friday, July 21, 2023, at the school premises saw the company gifting the best students in each class academic materials aimed at creating a positive impact on the beneficiaries and others, as well as reinforcing that there is dignity in labour. The Managing Partner of KloverHarris, Ms

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

By Aduragbemi Omiyale Airtel Africa has reaffirmed its commitment to continue driving the digitalization of the continent to unlock new opportunities and promote inclusive, sustainable growth. This reassurance was given by the chief executive of Airtel Africa, Mr Segun Ogunsanya, during a meeting with the President of Malawi, Mr Lazarus McCarthy Chakwera. He said the organisation intends to boost investments geared towards supporting the country’s target of achieving at least 20 per cent internet access by 2030 in the quest of the Malawian government to become a self-reliant, industrialised middle-income economy. “Our purpose is to transform lives across the continent.

By Adedapo Adesanya Fresh devaluation fears were sparked on Thursday at the Investors and Exporters (I&E) window of the foreign exchange (forex) market following the heavy loss the Naira recorded against the US Dollar during the session. Data from the FMDQ Securities Exchange showed that the local currency depreciated by N20 or 4.82 per cent yesterday to trade at N435/$1 compared with the preceding day’s N415/$1. This decline happened amid an increase in the day’s turnover by $107.81 million or 90.2 per cent as the value of transactions was $227.29 million in contrast to the previous day’s $119.48 million. At

By Modupe Gbadeyanka A new fruit drink with five flavours called Sosa Fruit Drink has been introduced into the Nigerian drink market by Rite Foods Limited. The market of carbonated soft drinks, energy drinks and sausages explained in a statement that the new product was created to meet the needs of consumers, who yearn for quality and refreshing fruit drinks. Sosa Fruit Drink comes in Orange, Apple, Orange Passion and Mango, Mixed Berries, and Cranberry flavours in 35cl and one-litre packs. The Managing Director of Rite Foods, Mr Seleem Adegunwa, said the company’s commitment to its consumers’ satisfaction remains unmatched,

The Ministry of Water Resources has disclosed its readiness to develop and implement a National Irrigation Programme to boost food production, food security and create jobs in the country. This is aimed at repositioning the water sector; with the objective of enabling it perform effectively in line with the yearning and aspiration of Nigerians. The Minister of Water Resources in Nigeria, Mr Suleiman Adamu stated this during the public presentation of the Water Resources Sector Road-Map tilted “Immediate and Long Term Strategies for Water Sector (2016-2030)” in Abuja, Nigeria’s capital. Mr Adamu explained that the road map is composed of

By Modupe Gbadeyanka One of the top lenders in Nigeria, Zenith Bank Plc, has expressed its intention to issue about $500 million Eurobond in the second tranche of the $1 billion Global Medium Term Note programme it launched in 2014. In the first tranche of the exercise, the financial institution’s $500 million Eurobond was oversubscribed by investors mainly from Nigeria, the United States, the United Kingdom and the European Union. In a notice to the Nigerian Stock Exchange (NSE) on Thursday, Zenith Bank explained that it, “Intends to utilize the net proceeds of the Second Tranche Notes for its general

World-leader in imaging solutions, Canon, has announced opening entries for its New Cosmos of Photography 2019 photo competition from April 25. Interested contestants have been advised to submit original photography by post and online, either as an individual or as a group. The organisers said in a statement that entries are open until June 12, 2019 and winners will be contacted directly at the end of July. Now in its 42nd year, the competition is open to international entrants in the aim of discovering, nurturing, and supporting developing photographers who want to explore new and creative ways to engage with

By Dipo Olowookere The equity market in Nigeria closed 0.09 per cent higher on Friday to extend the gains recorded by Nigerian stocks to three consecutive trading sessions. It was observed that the demand for banking and consumer goods shares further strengthened the Nigerian Exchange (NGX) Limited as investors begin to rebalance their portfolios ahead of the release of half-year results. Business Post reports that the banking and consumer goods sectors closed higher yesterday by 0.44 per cent and 0.07 per cent respectively, while the insurance index finished lower by 0.15 per cent, with the energy and industrial goods counters

By Adedapo Adesanya President Muhammadu Buhari, in his determination to ensure his administration achieve macroeconomic stability and economic diversity, has said any revenue generating agency that fails to meet a set target will henceforth suffer the consequences. President Buhari gace this threat during his Independence Day broadcast to the nation in Abuja, the nation’s capital, Abuja, on Tuesday. Some of the revenue-generating agencies that will be under scrutiny include the Federal Inland Revenue Service (FIRS), Nigeria Customs Service, Department of Petroleum Resources (DPR) amongst others. “With this, our revenue-generating and reporting agencies will come under much greater scrutiny, going forward,

By Adedapo Adesanya Rand Merchant Bank (RMB) Nigeria aims to facilitate greater foreign capital flows while working to deliver constructive solutions to leading businesses across critical sectors in Nigeria. With this goal in sight, the investment company recently tapped Mr Dalu Ajene to take on the role of Chief Executive Officer of the company. He took up the role on November 1. In a welcome statement, RMB CEO Emrie Brown said: “We are excited to mark ten years of doing business in Nigeria by welcoming Dalu to his new role. He brings exceptional local and international investment banking expertise to