Lagos Flags Off People’s Perception Survey

By Aduragbemi Omiyale All is now set for the second edition of the FUZE Talent Show, an initiative of Stanbic IBTC Pension Managers, created to give youths an opportunity to showcase their brilliance in music, dance, fashion, technology, and innovation. In the inaugural season in 2022, over 7,000 entries were received, with over 2 million views garnered, with the winners announced at an electrifying grand finale and concert tagged the FUZE Festival. Building on the success of the first edition, Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, is set for the second and has asked intending participants

By Adedapo Adesanya The Minister of Solid Minerals Development, Mr Dele Alake, has reiterated that his ministry would work with state governors to harness mineral resources for maximum socio-economic development of the country as the federal government seeks to explore all alternative revenue sources away from oil and borrowing. Mr Alake gave this assurance when the Governor of Nasarawa State, Mr Abdullahi Sule, paid him a courtesy visit in his office at the ministry’s headquarters in Abuja on Thursday. He noted that the ministry was determined and committed to harnessing the nation’s mineral resources, emphasising that Nasarawa State and other

By Adedapo Adesanya Following President Bola Tinubu’s visit to India last week, the country’s oil company, the Nigerian National Petroleum Company (NNPC) Limited, has signed a memorandum of understanding (MoU) with Indorama Eleme Petrochemicals Limited on gas supply in a bid to promote the use of natural gas by large-scale gas utilization industries. The deal, if actualised, will allow both parties to explore and develop suitable opportunities within the remits of their interests across the hydrocarbon value chain in Nigeria. According to NNPC Group Chief Executive Officer (GCEO), Mr Mele Kyari, “NNPC Limited is on the threshold of making value

By Modupe Gbadeyanka A branch Automated Teller Machine (ATM) officer with Jaiz Bank, Mr Alfa Ibrahim, has been arraigned before Justice Darius Khobo of the Kaduna State High Court. The suspect was taken to court by the Economic and Financial Crimes Commission (EFCC) on January 9, 2019 on a one-count charge bordering on dishonesty to the tune of N33.8 million. The money was said to belong to Jaiz Bank and was meant to be “loaded” into the bank’s ATM, but allegedly converted by the accused person to his personal use. “That you, Alfa Ibrahim, while being Automated Teller Machine officer

By Dipo Olowookere Transactions kicked off on the floor of the Nigerian Stock Exchange (NSE) yesterday on a positive note, reversing the downtrend recorded last Friday. The equity market ended 0.11 percent higher on Monday as more earnings of quoted companies continue to flood the market, reducing the year-to-date loss to 11.07 percent. The All-Share Index (ASI), which is the main gauge of the market performance, went up yesterday by 31.77 points to finish at 27,950.36 points, while the market capitalisation increased by N16 billion to settle at N13.622 trillion. Gains yesterday were mainly buoyed by the performance of Nestle

By Dipo Olowookere A few days ago, one of the leading underwriting companies in the country, AXA Mansard Insurance Plc, joined others to organise an awareness walk against Sexual and Gender-Based Violence in Nigeria. The country has been witnessing an increase in gender-based violence, and it affects both genders, male and female. In an effort to reduce this, the insurer took a walk around its neighbourhood to educate the people on the danger posed by this menace and how it affects the psychology of the victims. Leading the team was the Chief Customer and Marketing Officer of AXA Mansard Insurance,

Amidst the evolving strategies and initiatives to halt the spread of coronavirus pandemic around the globe, shifting consumer behaviour to online trade channels and digital platforms can provide the needed incentive to keep people safe and by extension promote the growth of Nigeria’s e-commerce industry. Keeping safe and staying alive is everyone’s most cherished watchword at this time. The coronavirus (COVID-19) pandemic in many of the countries including Nigeria is not abating despite concerted steps by governments, private sector players, multilateral organisations and other stakeholders to halt the rate of transmission. In the face of the escalation of the pandemic,

By Dipo Olowookere The first half of this year was not good for Total Nigeria Plc as the energy company recorded a loss of N537.2 million in the period ended June 30, 2020. Business Post reports that in the corresponding period of last year, the organisation declared a profit after tax of N130.0 million. The major reason for this loss was because of the poor performance of the company in the second quarter of this year, which was largely impacted by the COVID-19 pandemic. A quick review of the financial statements of the firm indicated that the revenue generated in

By Dipo Olowookere Governor Akinwunmi Ambode of Lagos State has asked local council bosses in the state to submit to him more 288 roads in their localities for construction. This is coming barely 48 hours after Mr Ambode commissioned 114 newly constructed roads across the state. The Governor on Tuesday warned residents to resist the temptation to convert any of the newly constructed roads to venue for commercial purposes or parking lot for abandoned vehicles. Speaking through his representatives at the various locations, Mr Ambode said that conversion of the roads to other uses other than for motorists would reduce

By Dipo Olowookere Leading electricity distribution company in Nigeria, Ikeja Electric Plc (IE), has won two prestigious awards in recognition of its HSE Initiatives and innovative approach in educating Nigerians through the use of its proprietary Power Play game. The two awards clinched by the firm were the Corporate Pacesetter (Power Sector) and HSE Campaign of the year awards. They were won at the 2018 Nigeria Safety Award for Excellence (9jaSAFE Award), a respected body set up to recognize the outstanding performances/initiatives of companies/organization, Individuals/groups, Schools/institutions towards promoting and raising safety consciousness. In addition, Mr Olabode Jegede, a staff in

By Adedapo Adesanya Union Bank Nigeria Plc has announced the death of the Chairman of the Board of Director, Mr Cyril Odu, who passed away on Tuesday, September 17, 2019. The bank disclosed this in a notice sent to the Nigerian Stock Exchange on Thursday and was signed by the Bank’s Company Secretary, Somuyiwa Sonubi. The notice read: “We regret to inform the Nigerian Stock Exchange (NSE), our esteemed shareholders and other stakeholders that the Chairman of the Board of Directors of Union Bank of Nigeria Plc, Mr. Cyril Odu, passed away on Tuesday, 17th September, 2019” Odu was the