Stanbic IBTC Creates School Fees Payment Products for Parents

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 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 Nobel Prize in Literature has been awarded to Norwegian writer, Mr Jon Fosse, for “his innovative plays and prose, which give voice to the unsayable,” according to the Royal Swedish Academy. One of his country’s most-performed dramatists, Mr Fosse, 64, has written some 40 plays as well as novels, short stories, children’s books, poetry and essays. Learn more about the 2023 #NobelPrize in Literature: https://t.co/dVT9QJr7PM — The Nobel Prize (@NobelPrize) October 5, 2023 Mr Mats Malm, permanent secretary of the academy, announced the prize Thursday in Stockholm. Mr Malm said he reached Fosse by telephone to

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

**Threatens Ponzi Scheme Operators By Dipo Olowookere The Securities and Exchange Commission (SEC) has said it will now shift its focus on encouraging states of the federation and corporate bodies to issue non-interest investment tools. The Director-General of SEC, Mr Lamido Yuguda, explained that the reason for this move is to attract capital into the market. Speaking on Thursday at his first Capital Market Committee (CMC) meeting as the head of the apex capital market regulatory body, he said the issuance of non-interest debt securities will deepen the market. “We have seen how successful Sovereign Sukuk issues have been, and

By Modupe Gbadeyanka Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has charged oil and gas workers across the country to work assiduously towards proffering viable solutions to the industry’s numerous challenges. Dr Baru made the call during the closing ceremony of the 17th edition of the Nigerian Oil & Gas Industry Games (NOGIG 2018) held on Saturday at the Teslim Balogun Stadium in Lagos. He also called upon the oil workers to get involved in sporting activities towards improving their productivity and service delivery. “Without doubt, there are lots of advantages in getting involved

By Adedapo Adesanya  The Naira further appreciated against the Dollar on Wednesday, April 22 at the Investors and Exporters (I&E) segment of the foreign exchange market. At the session, the local currency gained N2 on the greenback to sell at N383.00/$1 in contrast to N385/$1 it traded on Tuesday. This appreciated witnessed by the domestic currency was despite an increase in the demand for the forex at the market yesterday as the transaction value rose by 74.4 percent or $22.7 million to $53.21 million from $30.51 million. However, at the black market, the Naira depreciated further by N5 against the

By Dipo Olowookere The absence of a positive trigger further sank the Nigerian Exchange (NGX) Limited by 0.40 per cent on Tuesday, with investors still cautious of happenings on the political scene. The loss printed by Nigerian stocks yesterday was triggered by the poor performance of stocks across the major sectors, with the consumer goods, banking and insurance counters depreciating by 0.58 per cent, 0.53 per cent and 0.48 per cent apiece. The industrial goods sector marginally grew by 0.01 per cent and the energy space closed flat. At the close of business, the All-Share Index (ASI) decreased by 204.95

By Aduragbemi Omiyale The resumption of flights to Nigeria by Emirates is already thrilling passengers, who have waited for a long time to have this happen. On Sunday, two planes flew from Dubai to Nigeria and touched down at the Murtala Mohammed Airport, Lagos and the Nnamdi Azikwe International Airport, Abuja and were received with a spectacular water cannon welcome. The arrival of the flights signalled the restart of daily services to Nigeria from Dubai. Both flights from Dubai, EK 785 to Abuja and EK 783 to Lagos, upon arrival, witnessed a cake cutting ceremony. “We are delighted to resume

By Dipo Olowookere Lagos State Governor, Mr Akinwunmi Ambode, has approved the payment of bursary and local scholarship to Lagos State indigenes in tertiary institutions across the country. Special Adviser to the Governor on Education, Mr Obafela Bank-Olemoh, who made the announcement to journalists on Monday, said the bursary would be for fresh beneficiaries and others receiving subsequent payment. He listed the beneficiaries to include 2015/2016 set and other sets receiving second and third payments for the years 2013/2014 and 2014/2015. While stressing the commitment of the State Government to sustain the scholarship and bursary scheme in spite of the

By Adedapo Adesanya A 0.76 per cent growth was recorded by the NASD Over-the-Counter (OTC) Securities Exchange on Monday, reversing the loss reported in the preceding trading session. This improvement was buoyed by the rise in the share prices of FrieslandCampina Wamco Plc, Food Concepts Plc, and Industrial and General Insurance (IGI) Plc. FrieslandCampina Wamco Plc appreciated during the session by N2.69 to close at N76.20 per unit versus last Friday’s N73.51 per unit, Food Concepts Plc improved by 9 Kobo to quote at N1.05 per unit compared with 96 Kobo per unit, and IGI Plc boosted its value by

Ecobank Nigeria has taken its digital product, EcobankPay Zone to the South East market with a launch at the popular Ariaria Market, Aba. Managing Director, Ecobank Nigeria, Patrick Akinwuntan while launching the product at the market said it will facilitate easy, secure and convenient transactions for merchants within Ariaria and other surrounding markets. The EcobankPay Zone is a digital payment hub enabling businesses within a location adopt Ecobank’s wide range of digital products for ease of payments for goods and services. “It is our determination to create ease of payment and boost economic activities most especially in a town like