Senate President Seeks Amicable Resolution to ASUU Strike

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 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 Nigerian e-book distribution startup, OkadaBooks, which allows users to bypass traditional publishers and publish their stories, will shut down by the end of this month. In a message seen by Business Post on Monday, the platform, which was established by Mr Okechukwu Ofili, said, “After much consideration and reflection, we have come to a difficult decision, OkadaBooks will be closing its virtual doors on November 30, 2023.” The statement added that, “This has not been an easy choice. We’ve explored various avenues to keep our virtual bookshelves alive, but, unfortunately, the challenges we face are insurmountable.” Mr

By Dipo Olowookere Minister of State for Aviation, Mr Hadi Sirika, has disclosed that the reconstruction of the runway of the Nnamdi Azikiwe International Airport, Abuja was already 57.5 percent near completion. Speaking in Abuja on Thursday, the Minister said the project, mid-way into the six weeks earmarked for it, would be completed as scheduled. He told journalists during an inspection tour of the project that, “Work is going on smoothly as you can see. We have taken you round and everything is in order.” He said further that, “The contractor has mobilised fully and we have now gone about

By Modupe Gbadeyanka Lagos State Governor, Mr Akinwunmi Ambode, on Tuesday justified the massive investment of his administration on improvement of educational infrastructure and upgrade of curriculum to meet current realities, saying that education remains one of the critical tools to combat poverty and secure a better future for the State. Governor Ambode, who spoke at Lagos House in Ikeja after swearing-in a new Permanent Secretary and Tutor General for Education District Six, Mrs Olabisi Olufunmilayo Onadipe, said the massive investment on education architecture and continues empowering and equipping of teachers were all in a bid to raise the next

By Modupe Gbadeyanka The Guaranty Trust Bank Plc’s (GTB) Long-Term Issuer Default Rating (IDR) has been affirmed at ‘B+’ with Negative Outlook by Fitch Ratings. In a statement issued on Wednesday in London, Fitch Ratings noted that all other ratings of GTB have also been affirmed. It noted that the bank’s IDRs are driven by the bank’s intrinsic creditworthiness as defined by its Viability Rating (VR). GTB’s VR is constrained by the Nigerian sovereign rating (B+/Negative) and the Negative Outlook on the Long-Term IDR mirrors that on the sovereign rating. GTB’s VR also considers solid financial metrics that compare well

By Investors Hub The major U.S. index futures are pointing to a higher opening on Wednesday after stocks ended the previous session roughly flat. A sharp increase by the price of crude oil may contribute to strength on Wall Street following President Donald Trump?s decision to withdraw from the Iran nuclear deal. Stocks saw a negative bias throughout much of the trading session on Tuesday before ending the day roughly flat. The major averages closed near the unchanged line after recovering from the lows set in afternoon trading. The major averages all ended the day showing moves of less than

By Modupe Gbadeyanka The positive impact of Airtel Nigeria’s Corporate Social Responsibility (CSR) initiative known as Airtel Touching Lives has earned its a CSR Leadership Award. The honour was bestowed on the company at the recently held Marketing Edge Awards Night at the D’Podium International Event Centre on the highbrow Aromire Avenue, Ikeja, Lagos. At the ceremony, which was filled with glitz, glamour and elegance, several distinguished practitioners in the Integrated Marketing Communications (IMC) and media sectors in Nigeria were on ground to honour Airtel Nigeria and other awardees. “The nomination and subsequent emergence of Airtel Touching Lives as Marketing

By Dipo Olowookere On Tuesday, May 29, 2019, MTN Group, the largest telecommunications firm in Africa, launched an initial public offering (IPO) for a 35 percent stake in its business in Ghana. In recent times, MTN group has had talks with both the Ghanaian and Nigerian governments on the possibility of listing its shares on their respective stock exchanges. While the Nigerian listing is expected to happen before the end of this year, the Ghana listing commenced yesterday with MTN Ghana hoping to raise about $743 million (3.47 billion cedis) from the exercise. According to MTN Group Vice President, Mr

By Aduragbemi Omiyale A budding singer, Savy Henry, became the latest contestant to leave the Nigerian Idol Season 8 after he failed to secure enough votes from the viewers of the show last week. In the preceding week, he wowed the audience when he performed Enrique Iglesias’ Hero, but his inability to garner more votes from the viewers let him down, failing to reach the top 5. Speaking after his eviction, Savy Henry said his journey on the show was amazing and was happy to have made the top 6. It would be recalled that Henry auditioned for Nigerian Idol

By Adedapo Adesanya Despite gains recorded by market hardliners, the Central Securities Clearing System (CSCS) Plc and FrieslandWamco Campina, the NASD Over-the-Counter(OTC) Securities Exchange shed close to two percent on Tuesday, January 28, 2020. At the close of transactions yesterday, the NASD Unlisted Security Index (NSI) depreciated further by 1.94 percent or 13.66 points to 691.76 points from 705.42 points recorded at the previous session. Following the same trend, the market capitalisation also dropped 1.94 percent or N9.81 billion to close at N496.99 billion in contrast to N506.80 billion it finished on Monday. Despite the overall market performance, the share