UNIOSUN Targets Spot in 10 Top Universities in Nigeria by 2026

By Adedapo Adesanya Irish author Paul Lynch won the 2023 Booker Prize for fiction for his novel Prophet Song, a dystopian work about an Ireland that descends into tyranny. The 46-year-old beat five other shortlisted novelists to the prestigious award at a ceremony in London. He becomes the fifth Irish writer to win the high-profile literary prize, which has propelled to fame countless household names, including past winners Salman Rushdie, Margaret Atwood and Hilary Mantel. “This was not an easy book to write,” Mr Lynch said after collecting his award, which comes with £50,000 (around $63,000) and a huge boost

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 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

“Alone we can do so little; together we can do so much.” This statement aptly describes the success achieved in the financial and payment landscape in Nigeria through the strategic partnership between fintechs and banks in the financial services industry. Years ago, daring criminals would unleash mayhem on unsuspecting victims coming from banking halls and dispossess them of their valuables.  This was because consumers had to move around with cash. At the time, the majority of the people living in both urban and rural areas were unbanked and did not have access to financial products and services. But as technology

By Adedapo Adesanya The African Development Bank Group (AfDB) has debarred Lutoyilex Construct Limited, a Nigerian construction company, from bidding for contracts over alleged “fraudulent practices”. The company’s Managing Director, Mr Bamidele Obiniyi was also debarred by the body and the debarment is expected to last for a period of 36 months. According to an investigation conducted by the AfDB’s Office of Integrity and Anti-Corruption, Lutoyilex Construct Limited had allegedly engaged in a fraudulent practice while bidding for a construction contract under the Agricultural Transformation Agenda Support Programme Phase One in Nigeria (ATASP-1). While participating in a tender for the

By Bliss Okperan The Minister of Aviation and Aerospace Management, Mr Festus Keyamo, has expressed displeasure over the inability of foreign airlines to take their funds away from Nigeria to their home countries. According to the International Air Transport Association (IATA), as of June 2023, the total amount of foreign airlines’ trapped funds in Nigeria has risen to $812.2 million. Airline operators have been unable to repatriate their money because of the foreign exchange (forex) issues Nigeria is experiencing due to a decline in FX earnings. Speaking at the 7th Aviation Africa Summit in Abuja on Wednesday, the Minister said

By Investors Hub European stocks have experienced choppy trading on Monday but are currently mostly higher. While the UK’s FTSE 100 Index has climbed by 0.6 percent, the French CAC 40 Index is up by 0.2 percent and the German DAX Index is up by 0.1 percent. Technology stocks are recovering from last week’s selloff, with AMS and STMicroelectronics posting significant gains. Italian telecom giant Telecom Italia has also jumped. The company’s board appointed Luigi Gubitosi as its new CEO and General Manager by a majority vote. Novo Nordisk shares have also advanced after JP Morgan upgraded its rating on

By Dipo Olowookere Senate President, Mr Bukola Saraki, has formally announced his intention to contest the presidential election in 2019. The embattled Senate President is planning to pick to the sole ticket of the Peoples Democratic Party (PDP) to enable him slug it out with candidate of the ruling All Progressives Congress (APC), which will most likely be President Muhammadu Buhari, who is seeking a second term in office. Mr Saraki formally made his presidential ambition known on Thursday afternoon at the Sheraton Hotel, where he held a meeting with some young aspirants of the PDP. The Senate President will

By Jerome-Mario Utomi It is evident that the actions and inactions of Dr Ifeanyi Okowa, the Governor of Delta State, in the past six years of his administration, not only supports but seamlessly aligned with the saying that the development of initiatives that focuses on social dimensions, and consist of introducing comprehensive plans to enrich human capital and enable citizens to grow through education, training and support, are the major attributes/preoccupation of good leaders. This opinion was arrived at after reading/listening to Okowa in the last month speak at different events on the efforts his administration is making to curb

By Investors Hub The major U.S. index futures are currently pointing to a higher opening on Monday, with stocks likely to move back to the upside following the pullback seen last week. Optimism about earnings news may generate early buying interest, as a slew of big-name companies are due to report their quarterly results this week. Amazon (AMZN), Coca-Cola (KO), AT&T (T), Boeing (BA), Caterpillar (CAT), Facebook (FB), Alphabet (GOOGL), Intel (INTC), McDonald’s (MCD), and Twitter (TWTR) are just a few of the companies due to report their quarterly results. According to FactSet data, 79 percent of S&P 500 companies

By Dipo Olowookere Organisers of the PwC Media Excellence Award 2018 are calling on journalists in Nigeria to submit entries for consideration. The PwC Media Excellence Awards celebrates and rewards excellence in business reporting in Nigeria. The competition is open to professional journalists on a full time employment or freelancers working in Nigeria, who have produced a story that falls within the categories covered by the award and that is available on a platform whose primary audience is Nigeria. According to the organisers, journalists selected in each category by the panel of judges will be named journalist of the year