Stakeholders Advocate Special Funding, Tax Cut for Education

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 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 There are plans to add more schools to the Re-imagine Education program of Airtel Nigeria and the United Nations Children’s Fund (UNICEF) in Nigeria. In December 2022, both organisations launched the initiative to transform education, leveraging the power of technology to enhance teaching and learning experiences for children across the country. With a shared vision of empowering children through education, Airtel and UNICEF have been working together to provide innovative solutions that bridge the digital divide and create equal opportunities for all children. The two parties have promised to continue to work hand in hand to expand

By Bliss Okperan The University of Osun State (UNIOSUN) has set a goal to achieve a spot in the 10 top universities in Nigeria by 2026. The Vice Chancellor of the institution, Prof. Clement Adebooye, while speaking on Friday at the main campus of the university in Osogbo, said the management also intends to make the school one of the 25 best in Africa in three years’ time. According to him, the management has begun to implement the strategies designed to meet this target, including providing a peaceful academic environment for students and others. He expressed the commitment of the

By Dipo Olowookere Winner of the Ultimate Party online contest, Adedamola Awoniyi, was joined for a memorable night last weekend in Lagos by celebrities and other socialites. The all-night gig brought together leading entertainers, MI Abaga, Dr Sid, Ice Prince, Alexx Ekubo, Uriel Oputa and Blossom Chukwujekwu under one roof with Awoniyi. The Ultimate Party, a dream-come-true experience, was one of the brand’s activations leveraging on Guy Code, a male-centric television series currently showing on MTV Base (DStv Channel 322). Speaking at the party, Marketing Director of Nigerian Breweries, Mr Franco Maria Maggi, said the event was to strengthen the

By Adedapo Adesanya For the second straight trading day, the NASD Over-the-Counter (OTC) Securities Exchange closed bullish as it grew by 0.56 per cent on Thursday, December 30. This was influenced by the sterling performance of Central Securities Clearing System (CSCS) Plc during the session as its share price rose by 71 kobo or 3.8 per cent to close at N18.71 per unit compared with N18.00 per unit it finished on Wednesday. As a result of this, the NASD unlisted security index (NSI) moved up by 4.18 points to 745.57 points from 741.39 points, while the market capitalisation gained N3.54

By Investors Hub The major U.S. index futures are pointing to a mixed opening on Friday, with stocks likely to show a lack of direction following the strong upward move seen over the two previous sessions. Traders may take a breather following the upward trend seen in recent sessions, which lifted the Nasdaq and the S&P 500 to their best closing levels in almost two months on Thursday. Later in the day, traders are likely to keep an eye on Washington, as President Donald Trump is scheduled to deliver a speech on his plan to lower drug prices. Reports say

By Modupe Gbadeyanka The death of legendary Reggae musician, Majekodunmi Fasheke, otherwise known as Majek Fashek, has been described as a huge loss to the creative industry in Nigeria. The rain maker, as he was fondly called following his late 80s hit single, Send Down the Rain, breathed his last on Tuesday in New York, one of his most loved cities in the world, after a battle with an illness. While mourning him, the Minister of Information and Culture, Mr Lai Mohammed, said the demise of the global music icon has left a big hole in the showbiz sector, saying

By Investors Hub The major U.S. index futures are once again pointing to a lower opening on Wednesday, with stocks likely to move to the downside following the strength seen in the previous session. The downward momentum on Wall Street comes after General Motors (GM) and Boeing (BA) provided disappointing guidance. GM reported better than expected second quarter results but lowered its full-year earnings forecast due to rising steel and aluminum costs as a result of the tariffs imposed by President Donald Trump’s administration. Aerospace giant Boeing also reported second quarter results that exceeded analyst estimates but warned of lower

The payment of N2.5 billion to Pinnacle Communications Limited by the National Broadcasting Commission (NBC) did not violate any provision of the Federal Government’s 2012 White Paper on Implementation of the Digital Switch Over (DSO) project, an investigator with the Independent Corrupt Practices and Related Offences Commission (ICPC), Mr Charles Adama, has disclosed. Mr Adama, while testifying before the Federal High Court hearing the matter in Abuja on Thursday, also disclosed that although the ICPC normally acts on petitions received, there was no petition against Pinnacle Communications Limited and neither has the Presidency, which approved funding for the DSO project,

By Adedapo Adesanya Brent crude continued its ascent on Friday as it traded at $109.3 per barrel after appreciating by 1.63 per cent or $1.75 as fears over Russian supply disruption outweighed COVID-19 lockdowns in China, the world’s biggest crude importer. However, it was a different outcome for the United States West Texas Intermediate (WTI) crude, which dropped 92 cents or 0.88 per cent to trade at $104.4 per barrel. There is an increased likelihood that Germany will join other European Union (EU) member states to place an embargo on Russian oil, in a move that would lay to rest

By Okpi Ibe Chinedu A foreigner who desires to invest in the Nigerian economy or a Nigerian that wishes to engage the services of a foreign expert must make certain that a business entity is registered with the Corporate Affairs Commission (CAC) as a limited liability company (LTD). Aligned with the conditions of the above assertion, it will be pertinent to take a critical look at the step by step guide, requirements and cost of processing an expatriate quota application, Subject to Regularization (STR) Visa and Combine Expatriate Residence Permit and Alien card (CERPAC) after the completion of an incorporation