Promasidor Holds Career Workshop for Secondary School Students

By Adedapo Adesanya The Royal Swedish Academy of Sciences has awarded the Sveriges Riksbank Prize in Economic Sciences to Claudia Goldin for having advanced our understanding of women’s labour market outcomes. She provided the first comprehensive account of women’s earnings and labour market participation through the centuries. Her research revealed the causes of change, as well as the main sources of the remaining gender gap. BREAKING NEWSThe Royal Swedish Academy of Sciences has decided to award the 2023 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Claudia Goldin “for having advanced our understanding of women’s labour

By Adedapo Adesanya Mr Obari Gomba, a playwright, has been announced as the winner of the $100,000 Nigeria Prize for Literature for the 2023 cycle on Drama for his work titled Grit. The prize, sponsored by Nigeria LNG Limited (NLNG), was announced on Friday by Professor Akachi Adimora-Ezeigbo, the Chairperson of the Advisory Board, at the Grand Award Night ceremony in Lagos, themed Redefinition. She also announced Eyoh Asuquo Etim’s entry Herstory versus ‘History’: A Motherist Rememory in Akachi Ezeigbo’s The Last of the Strong Ones and Chimamanda Adichie’s Half of a Yellow Sun as the 2023 winner of The

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 Adedapo Adesanya The bears maintained their grip on the NASD Over-the-Counter (OTC) Securities Exchange on Thursday as a result of the 0.72 per cent loss recorded at the close of business. This loss was inflicted on the NASD OTC market by Central Securities Clearing Systems (CSCS) Plc, which depreciated by 77 kobo or 9.9 per cent to close at N16.99 per unit compared to N17.26 per unit of the preceding day. This shrank the market capitalisation of the bourse by N3.85 billion to close the day at N529.12 billion in contrast to the previous day’s N532.97 billion. In the same

By Dipo Olowookere Shareholders of Vitafoam Nigeria Plc will earn more cash rewards for the 2022 fiscal year as the board has increased the dividend payout for the period under consideration. In the 2021 accounting year, the board paid N1.50 as the final dividend for each stock of the company held by investors and this year; this has been raised by 1.33 per cent to N1.50 despite the fact that the firm recorded a shortfall in its net profit. Analysis of the financial statements of the organisation for the year ended September 30, 2022, indicated that the pre-tax profit decreased

By Dipo Olowookere Those linked to the collapse of a five-story building, Lekki Gardens, on Tuesday, March 8, 2016 in Lekki, Lagos, which led to the death of 30 persons, would soon be prosecuted by the Lagos State government. According to the state’s Attorney-General and Commissioner for Justice, Mr Adeniji Kazeem, the suspects would be prosecuted to serve as deterrent to others. Mr Kazeem reiterated the commitment of the Governor Akinwunmi Ambode-led administration to protecting the lives and properties of its citizens and assured the general public that it would leave no stone unturned to ensure that criminal negligence and

By Adedapo Adesanya    The Nigeria National Petroleum Corporation (NNPC) and its joint Venture (JV) partners have signed the Gas Supply Agreements (GSAs) for the Nigeria LNG Limited (NLNG) Trains 1, 2, 3, and 7 on Friday, December 13, 2019. The corporation signed a 20-year term of GSAs for the NLNG Train 7 while it also signed a 10-year term of GSAs for Trains 1, 2, and 3 with its JV partners which include Shell Petroleum Development Company of Nigeria (SPDC), Total Exploration and Production Nigeria (TEPNG), Nigerian Agip Oil company Limited (NAOC) and Oando PLC. The Group Managing Director

By Ifeanyi Okonkwo As Africa’s largest economy by GDP, Nigeria has for so long been faced with challenges of achieving sustainable economic growth and efficient public sector management for reasons that are very obvious, chief of which is the issue of lack of committed technocrats and administrators to manage specific sectors of the economy. This is aside from the issues of institutional corruption and lack of political will by successive administrations. Whilst the last administration led by Muhammadu Buhari could not tackle headlong some of the significant challenges faced in the economy and in the public sector, the new administration

By Aduragbemi Omiyale The chief executive of the Nigerian Exchange (NGX) Group Plc, Mr Oscar Onyema, has expressed optimism that the policy direction of the current administration will attract investments into the country. Speaking at the 7th edition of the International Court of Arbitration (ICC) Africa Conference on International Arbitration in Lagos, he said the decision of President Bola Tinubu to remove the fuel subsidy, unify exchange rates and ensure that investors and foreign businesses repatriate their hard-earned dividends and profits home, will make nation’s economy witness more investment flows. Foreign transactions on NGX Limited have decreased by 38.5 per

By Dipo Olowookere A report released by Nielsen Africa has revealed that consumer confidence index in Nigeria gained five points to close at 122 in the fourth quarter of 2017. Nielsen Africa, in its latest West Africa Consumer Confidence Index (CCI) figures made available to Business Post on Monday, disclosed that Ghana also showed positive performance with eight points gained to finish at 120 during the period under review. The eight-point increase in Ghana’s latest Consumer Confidence Index (CCI) figures was attributed to a higher proportion of Ghanaians perceiving the state of their job prospects in the next 12 months

By Dipo Olowookere The Central Bank of Nigeria (CBN) yesterday continued with its usual mopping up of excess liquidity from the financial system with the offering of treasury bills to investors via Open Market Operations (OMO). However, the exercise was marred with low turnout as investors continued to undersubscribe to the OMO auction by the apex bank. This is largely due to the fact that the central bank has failed to push the stop rates upward to attract market players, who want better return. Of the N150 billion worth of the debt instruments offered for sale on Tuesday by the