Registration for 2020 InterswitchSPAK Science Contest Begins

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 Adedapo Adesanya Irish author Paul Lynch won the 2023 Booker Prize for fiction for his novel Prophet Song, a dystopian work about an Ireland that descends into tyranny. The 46-year-old beat five other shortlisted novelists to the prestigious award at a ceremony in London. He becomes the fifth Irish writer to win the high-profile literary prize, which has propelled to fame countless household names, including past winners Salman Rushdie, Margaret Atwood and Hilary Mantel. “This was not an easy book to write,” Mr Lynch said after collecting his award, which comes with £50,000 (around $63,000) and a huge boost

By Jerome-Mario Utomi Recently, Governor Sheriff Oborevwori of Delta State approved a 25 per cent reduction in acceptance fees payable in the four state-owned universities as part of palliatives for students. The governor’s approval was contained in a statement issued by Festus Ahon, his chief press secretary, on Wednesday, in Asaba. According to the statement, the reduction in the acceptance fee was in line with measures taken by the Delta State government to cushion the effect of the fuel subsidy removal on citizens. Ahon further said that the 25 per cent reduction was applicable to new students at the state-owned

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 Nigeria, as a member of the Africa Centres for Disease Control (Africa CDC), will benefit from a $100 million support programme from the World Bank that will help enhance the institution’s technical capacity in tackling threats to health on the continent. The fund is also expected to strengthen its institutional framework to intensify support to African countries in preparing for, detecting, and responding to disease outbreaks and public health emergencies. After the member states of the African Union (AU) awarded the Africa CDC with the status of an autonomous health body of the African Union, it is

By Dipo Olowookere It was a positive start to a new week on the floor of the Nigerian Exchange (NGX) Limited on Monday as trading indices appreciated by 0.12 per cent. This pushed the All-Share Index (ASI) higher by 51.48 points to 41,814.74 points from 41,763.26 points, while the market capitalisation rose by N27 billion to N21.821 trillion from N21.794 trillion. During the trading day, PZ Cussons was the biggest price gainer as its value rose by 9.32 per cent to N6.45 and was trailed by Mutual Benefits Assurance, which grew by 7.14 per cent to 30 kobo. Further, Unilever

By Adedapo Adesanya The Nigeria National Petroleum Corporation (NNPC) has delayed publishing its future oil export plans as it negotiates with local companies and international stakeholders about how to cut output in line with a global deal that will see 10 percent cut in daily production globally. This was disclosed by Reuters which cited trading sources on Monday, April 27. Official selling prices (OSPs) for Nigerian oil grades for the month of June, which are usually issued in the second or third week of each month, had still not been issued as at press time on Monday. And as cut

By Modupe Gbadeyanka Management of PZ Cussons Nigeria Plc has disclosed that it will release its unaudited financial results for the second quarter ended November 30, 2016 on Thursday, January 26, 2017. The company explained that the delayed submission was because “our results comprise a substantial element of the overall results of PZ Cussons Plc Group UK, which also has extensive operations in Europe, Asia and in America.” It noted that consequently, “the earliest practicable date by which the Group can collate and release its accounts for the half year is January 24, 2017 in order not to give non-public

By Dipo Olowookere Yesterday, at the World Gas Conference in Washington, D.C., the U.S. Agency for International Development’s Power Africa Coordinator launched the Gas Roadmap to 2030 for sub-Saharan Africa (SSA). The Roadmap outlines a plan for achieving up to 16,000 megawatts of additional gas-fired power generation in SSA by 2030. Power Africa’s Gas Roadmap estimates U.S. companies could invest in, or compete for, $175 billion worth of gas power projects in SSA, with the potential for at least $5 billion of U.S. exports of liquefied natural gas by 2030.

By Dipo Olowookere MTN Nigeria shares depreciated by 50 kobo or 0.25 per cent on Friday amid reports that one of its top officials allegedly harassed some female employees sexually. On Wednesday, there were reports that the alleged victims wrote a petition to the headquarters of MTN Group in South Africa, accusing the Chief Sales and Distribution Officer of MTN Nigeria, Mr Adekunle Adebiyi, of using his position in the company to sleep with young female employees. This information may have rattled some shareholders of the company, who quickly rebalanced their holdings, causing the stock price of the telco on

By Dipo Olowookere A total turnover of 1.877 billion shares worth N20.055 billion in 19,979 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.271 billion shares valued at N32.647 billion that exchanged hands last week in 20,710 deals. The Financial Services Industry (measured by volume) led the activity chart with 1.629 billion shares valued at N14.501 billion traded in 11,893 deals; thus contributing 86.80% and 72.30% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 57.531 million shares worth N2.189 billion in 2,616

By Investors Hub European stocks are turning in a lackluster performance on the day, with traders not showing much interest in picking up stocks due to an absence of fresh triggers. Thanks to rising commodity prices, miners and energy stocks are doing fairly well, but the overall mood in the market is rather subdued. The German DAX Index is down by 0.1 percent, while the French CAC 40 Index is down by 0.2 percent. Meanwhile, the U.K. market is slightly higher, with resources stocks lifting the benchmark FTSE 100 Index up by 0.1 percent. The index reached a record intraday