Bank Builds Skill Acquisition Centre for Ogun Inmates

By Bliss Okperan The House of Representatives has asked that the Minister of Communication and Digital Economy, Mr Bosun Tijani, intervene in, halt and reverse the increase in the DSTV/GOTV tariffs by MultiChoice Nigeria. A member of the House, Mr Umar Ajilo, moved the motion on Tuesday on the floor, saying the prevailing economic hardship has made it difficult for subscribers to meet up with the increment. Recall that earlier this month, MultiChoice Nigeria introduced new rates for its DSTV and GOTV packages in the country, blaming rising costs of business operations for its action. “On Monday, November 6, 2023,

By Adedapo Adesanya Nigeria will develop a new integrated national electricity policy and strategic implementation plan, as mandated by the Electricity Act 2023, according to the Minister of Power, Mr Adebayo Adelabu. President Bola Tinubu had on June 9 assented to the Electricity Bill, now an Act empowering states, companies and individuals to generate, transmit and distribute electricity. This, in turn, repealed the Electric Power Sector Reform Act (EPSR A), 2005 and create a comprehensive legal and institutional framework to guide the Nigerian Electricity Supply Industry (NESI). Mr Adelabu, while speaking on Monday at the Nigeria Electricity Management Services Agency

By Bliss Okperan The Governor of Ogun State, Mr Dapo Abiodun, has asked Nigerians to give President Bola Tinubu more time, saying he has performed well in office since taking over on May 29, 2023, noting that he inherited an almost comatose economy from former President Muhammadu Buhari. “The President Tinubu-led administration has been very bold and audacious. They’ve taken the bull by the horns. They’ve done what no government has done in the history of Nigeria,” Mr Abiodun said during an interview on Channels Television’s Sunday Politics show. Recall that a few days ago on Channels TV, the Governor

By Bliss Okperan Governor Abba Kabir Yusuf of Kano State has presented another supplementary budget to the Kano State House of Assembly. Recall that about two months ago, the Governor presented a supplementary budget of N58 billion to the state legislative arm of government. On Tuesday, he approached the parliament for approval for another supplementary budget of N24 billion, noting that the funds would be used for the settlement of gratuity and personnel costs. According to him, the payment of gratuity will gulp N20 billion, while N4 billion is for personnel costs. The first and second supplementary budgets under Mr

By Modupe Gbadeyanka Foremost indigenous management consulting firm, Phillips Consulting, has undergone a change to serve its clients better and effectively. At the October edition of the Nigeria South Africa Chambers of Commerce breakfast meeting at Eko Hotel & Suites, Victoria Island, Lagos on Wednesday, the company unveiled its new brand identity. Also, chairman of the Phillips Consulting group, Mr Foluso Phillips, presented to the business community the new Managing Director of the firm, Mr Robert Taiwo, who has been overseeing its affairs since the beginning of the year. Speaking on the change of logo by the firm, Mr Taiwo

By Dipo Olowookere The mobile lending app of Zedvance Finance Limited, MoneyPal, has been reintroduced with some modifications aimed to make loans accessible to millions of Nigerians in a fast and convenient manner. The new mobile application comes with a redesigned user interface, simplified application process and access to more nano loans. This is part of an effort to redefine the app into a lifestyle product. The Managing Director of Zedvance Finance Limited, Mr Ever Obi, in a statement, disclosed that the upgraded MoneyPal app comes with fascinating new features that would provide a top-notch and seamless digital lending experience

By Dipo Olowookere Residents of three communities in the Oluyole Federal Constituency of Oyo State have commended the lawmaker representing them at the lower chamber of the National Assembly, Mrs Tolulope Akande-Sadipe, for brightening their lives. The member of the House of Representatives had facilitated the installation of transformers to the communities, giving the inhabitants of the areas to enjoy power supply. This is part of the commitment of the lawmaker on electrification and in fulfilment of her vow that Oluyole constituency would witness more developments from the federal government. “In fulfilment of my commitment to my constituency, the good

By Modupe Gbadeyanka It was a double reward for a foremost microfinance institution, Advans Nigeria, at the recently concluded Marketing Edge Awards in Lagos. The firm, a subsidiary of Advans Group, was announced as the Most Innovative Microfinance Bank of the Year and the Most Customer-centric Microfinance Bank of the Year. The double awards are coming after the organisation was recently named as The Best in Retail Banking of the Year at the Pan African International Award. Advans Nigeria won the accolades due to its top-notch financial services and unwavering commitment to its customers. “We are immensely proud to receive

By Modupe Gbadeyanka The downward trend on the Nigerian Stock Exchange (NSE) continued on Tuesday as market indicators slumped into negative zone. The market capitalisation, which finished at N9.471 trillion yesterday, fell by N163.6 billion today to close at N9.307 trillion. Likewise the all-share index slumped by 476.43 basis points or 1.73 percent to end at 27,098.52 basis points capered to 27,574.95 it closed on Monday. Dangote Cement led the losers’ chart on Tuesday with a loss of N8.83k to close at N174.17k per share, Ashaka Cement followed after depreciating by N1.31k to finish at N12.26k per share, while GlaxoSmithKline

By Bukar Raheem Two angry letters later, the relationship between the Nigerian Army and online newspaper, Premium Times has taken on some clarity. They have both threatened to take legal actions against each other but the Army’s letter, which came first is the one that gives one concerns. Some Nigerians would by now be ruing their earlier recriminations and taking sides without the benefit of information. The first layer of concerns is about what the military’s letter accused the newspaper of. The second level of concerns derived from the inability of the letter written in response by Premium Times to

By Modupe Gbadeyanka Growth in the Nigerian private sector was stunted by steep price pressures in July, as the citizens struggled with growing hardships triggered by the removal of fuel subsidy and the devaluation of the Naira by the federal government. The Purchasing Managers’ Index (PMI) readings of Stanbic IBTC Bank showed that last month, the sector scored 51.7 points, lower than the 53.2 points achieved in June. However, it was the fourth month running that the index has remained above the 50.0 mark, signalling a further improvement in business conditions in the Nigerian private sector during the month. The