TETFund Blames Funding for Poor Quality of Education

By Adedapo Adesanya The Speaker of the House of Representatives, Mr Tajudeen Abbas, has congratulated teachers in Nigeria and all over the world on the occasion of this year’s World Teachers’ Day, noting their immeasurable contributions to society and promising better welfare. According to a statement released by his media aide, Mr Musa Abdullahi Krishi, the Speaker described teachers as destiny moulders and life changers. He also hailed teachers for their critical roles in the mental and behavioural development of their pupils and students. Mr Abbas noted that teachers or lecturers not only educate but also serve as guardians and

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 Modupe Gbadeyanka Operators within the private sector have been charged to promote innovative and sustainable approaches to uplift the educational standards for underprivileged children living in low-income communities. It was submitted that private sector collaborations would offer the advantage of diffusing emotional burdens, leading to more informed and intelligent decision-making, as together, they can achieve much more to support the provision of sustainable education for the Nigeria youth. This was the view of some participants at the Special Foundation annual summit, the Transforming Education Summit 2023, themed Enhancing Access and Quality Education in Africa. The event, held at the

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 The board of Abbey Mortgage Bank Plc is seeking to raise about N3.0 billion through equity and this would be done by selling rights issue to shareholders. However, before this can be done, the financial institution is seeking the approval of the Nigerian Stock Exchange (NSE). Also, it is requesting from the exchange to have the shares listed on its trading platform after the exercise. A notice from the NSE said it received the company’s application for the rights issue through its stockbroker, Anchoria Investment and Securities Limited. In its request, Abbey Mortgage Bank said it intends

By Adedapo Adesanya Crude oil climbed more than 2 per cent on Monday as further supply cuts in the production of the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) are expected to be announced following a meeting of member countries early next week. Brent crude futures expanded by $1.71 or 2.1 per cent to trade at $82.32 a barrel and the West Texas Intermediate (WTI) crude futures went up by $1.71 or 2.3 per cent to close at $77.60 per barrel. According to Reuters, OPEC+ is set to consider whether to make additional oil supply cuts when

**N167 to N50 in Two Years By Dipo Olowookere One may not be wrong to say shareholders of Nigerian Breweries Plc are not satisfied with the performance of the company on the floor of the Nigerian Stock Exchange (NSE) in recent times. This is because the rate at wish the value of the company’s stocks at the market is nose-diving is alarming and it calls for worry and an urgent action to turn things around. Even the general performance of the company has not been very impressive going by the financial statements of the brewery giant in the past quarters.

By Jerome-Mario Chijioke Utomi As a background to this piece, it is important to underline that this author would be the very last person to insinuate that Governor Ifeanyi Okowa, the Governor of Delta State, has not done good things as that would be a lie from the pit of hell. Aside from demonstrating this fact in my previous opinion articles, commentaries and interventions which favoured or supported policies, actions, inactions and decisions of the Delta State government, I have recently argued that he (the Governor) is eminently qualified to be the nation’s Vice President and would stupendously perform if

The Nigerian private sector remained in growth territory overall in November, although recent protests led output to contract for the first time in five months, and the rate of expansion in new orders softened. Companies continued to raise purchasing activity and employment in line with rising new order inflows. Higher staffing allowed firms to reduce the level of outstanding business for the sixth month running, while vendor performance improved in November. Meanwhile, firms remained optimistic about output in the year ahead with plans to upgrade software and expand operations often cited by firms. On the price front, inflationary pressures remained

By Dipo Olowookere For the third consecutive trading session, the Nigerian Exchange (NGX) Limited closed bearish on Friday following a 0.06 per cent influenced by sustained profit-taking. The absence of a positive trigger left the market in the hands of the bears as investor bias remained negative with 20 price gainers and 19 price losers. Royal Exchange suffered the highest decline during the session, losing 9.40 per cent to trade at N1.35 and was followed by McNichols, which fell by 9.09 per cent to trade at 70 kobo. Lasaco Assurance depreciated by 8.85 per cent to sell for N1.03, Niger

By Dipo Olowookere The Publisher of PRNigeria, a press release platform for critical institutions, Mr Yushau Shuaib, has petitioned the Inspector General of Police (IGP) Mr Ibrahim Idris, over harassment and intimidation of his family members living in Abuja. Mr Shuaib is particularly not happy with the Gestapo style his family members were subjected to by a team of police officers from Lagos led by one Inspector Babatunde (08056506863, 08081700099). In a 30-paragraph letter addressed to the IGP dated September 11, 2017, the petitioner noted that the team from Lagos had claimed that Governor Ambode of Lagos State was aware