Teachers’ Day: Adeniran Applauds Oyo Teachers

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 A Federal High Court sitting in Lagos, in a landmark judgment brought by the Socio-Economic Rights and Accountability Project (SERAP), has ordered the disclosure of the spending details of over N200 billion public funds collected by the government of former Delta State governor, Mr Ifeanyi Okowa, from the Universal Basic Education Commission (UBEC) fund and allocations from the Federation Accounts. The court ordered the current Delta State Governor, Mr  Sheriff Oborevwori, to “disclose details of budgetary allocations and actual spending by his predecessor between 2015 and 2019, including specific projects carried out to improve primary education in

By Aduragbemi Omiyale Airtel Africa has reaffirmed its commitment to continue driving the digitalization of the continent to unlock new opportunities and promote inclusive, sustainable growth. This reassurance was given by the chief executive of Airtel Africa, Mr Segun Ogunsanya, during a meeting with the President of Malawi, Mr Lazarus McCarthy Chakwera. He said the organisation intends to boost investments geared towards supporting the country’s target of achieving at least 20 per cent internet access by 2030 in the quest of the Malawian government to become a self-reliant, industrialised middle-income economy. “Our purpose is to transform lives across the continent.

By Bon Peters A beneficiary of the Andoni Local Government Maritime scholarship scheme, Mr Ukotije Hezekiah, has emerged as the 2023 best-graduating student of Charkin Maritime Academy. At the passing out parade/convocation ceremony weekend in Port Harcourt, the Rivers State Capital, Mr Erastus Awortu, Chairman of the area council and initiator of the program, lauded cadets for putting in commensurate efforts in their respective courses of study. Mr Awortu said that upon commencement of his administration in 2021, he unveiled the Maritime scholarship scheme. According to him, 15 students (4 females and 11 males), who successfully completed the scholarship requirements,

By Dipo Olowookere A group based in Lagos, Social Enterprise Padman Africa, will on Thursday, May 24, 2018 celebrate the Menstrual Hygiene Day. To mark the day, the organisation is inviting Nigerians to the screening of a film titled Menstrual Man, which focuses on the remarkable story about a school dropout turned visionary who revolutionized menstrual hygiene management in India. A statement from the group explained that Menstrual Man underscores the importance of empowering women to combat poverty, and the power in every individual to make a difference. After showing the flick, there would be a panel discussion with local

By Dipo Olowookere Since its inception in 2009, the Africa Public Private Partnership Conference and Showcase (Africa PPP) has become the definite platform for discussing, informing and instigating the successful implementation of PPPs across the continent. The 8th edition of Africa PPP will once again showcase investment opportunities and planned infrastructure development projects from across Africa. Organised by AME Trade, the event will take place from the 24 – 26 October 2016 at the Radisson Blu Hotel, London, UK, building on the success of the previous editions which have been held in Tunis, Nairobi, Abuja, Johannesburg, Abidjan and London. Watch

By Adedapo Adesanya Oil on Tuesday as weaker-than-expected economic data in China and the United States offset a forecast of higher global demand from the International Energy Agency (IEA). Brent crude futures lost 32 cents to $74.91 a barrel, while the US West Texas Intermediate (WTI) crude depreciated by 25 cents to $70.86 per barrel. Chinese data showed that industrial output and retail sales growth undershot forecasts in April, suggesting the world’s second-largest economy lost momentum at the start of the second quarter. Industrial output grew 5.6 per cent in April from a year earlier, accelerating from the 3.9 per

By Modupe Gbadeyanka The board of Dynacor Gold Mines has approved the initiation of quarterly cash dividends to its shareholders, the first cash dividend in the company’s history. The dividend of CAD$0.01 per common share, is payable on October 1, 2018 to shareholders of record on September 20, 2018. Dynacor is one of the largest ore purchasing processors in Peru. With its new ore processing facility operating at near full capacity, the Corporation is forecasting 2018 to be its best year on record. Dynacor’s stable business model is proven to withstand the volatility of the gold price. The Corporation is

By Ashemiriogwa Emmanuel The Minister of Water Resources, Mr Suleiman Adamu, has charged the institutions at the area councils and communities in the Federal Capital Territory (FCT) to drive the campaign against open defecation through the provision of adequate resources and awareness. Mr Adamu made the call during his remarks at the official declaration of a State of Emergency in Water, Sanitation and Hygiene in the nation’s capital, Abuja, adding that the country was making steady progress in meeting the objective of ending open defecation among residents by 2025. He said the objective also focuses on improving and promoting sustainable

By Dipo Olowookere The equity market returned to the red territory on Wednesday after closing positive on Tuesday by 0.10 percent. Business Post reports that the Nigerian Stock Exchange (NSE) depreciated by 0.12 percent today as market corrections continue especially from the bullish run recorded at the beginning of this year on the back of the strong performance in 2017. At the close of transactions today, the All-Share Index (ASI) declined by 47.05 percent to finish at 40,755.73 points, while the market capitalisation decreased by N17.2 billion to settle at N14.721 trillion. Despite the loss today, the volume and value

By Modupe Gbadeyanka Guaranty Trust Bank (GTBank) Plc has announced increasing its monthly international spend limit on its Naira MasterCard. In an email notice to its customers on Tuesday morning, the financial institution disclosed that it was raising the limit from $100 to $1000 monthly. “We write to inform you of the monthly spending limits currently applicable when using your GTBank Naira MasterCard for International payments,” the lender said in the email notice obtained by Business Post. In the electronic mail, the bank said the transaction applies to POS and Online channels. It was reliably gathered that the upward review

By Adedapo Adesanya Unlisted securities traded on the floor of the NASD Over-the-Counter (OTC) Securities Exchange took a fall by 0.23 per cent on Monday, December 14. The day’s outcome came on the back of a negative price movement recorded by Niger Delta Exploration and Production (NDEP) Plc. The equity price of the oil and gas investment company depreciated by N6.94 or 2.2 per cent to close at N305 per unit as against N311.94 per unit it previously sold. This had an effect on the NASD unlisted securities index (NSI), which dropped 1.70 points from the previous closing value of