Pension Administrators to Execute Enhancement for Retirees Under CPS

By Modupe Gbadeyanka An initiative aimed to promote the diversity of the African continent and showcase its rich cultural heritage to the rest of the world has been launched by YouTube. The social campaign, The Voices of Africa, will be used to celebrate the continent’s unique and traditional expressions through a select group of African creators. They will create and share videos on their YouTube Channels of their unique cultural heritage stories about their local traditions and practices, conversations with friends and family, and with people in their local communities. Some of the creators who are part of the campaign

By Adedapo Adesanya  The Kwara State Government has announced the signing of a Memorandum of Understanding (MoU) with IHS Nigeria for the development of a technology innovation facility in the state. In a statement released by the government’s spokesperson, Mr Rafiu Ajakaye, it was said that Mr AbdulRahman AbdulRazaq, the governor of the state, signed the MoU alongside IHS Nigeria CEO, Mr Mohamad Darwish, at a brief ceremony attended by several officials in Ilorin, Kwara State on Saturday, November 18, 2023. The project tagged Ilorin Innovation Hub is part of the state government’s efforts to stimulate and deepen the alignment

By Adedapo Adesanya Fils has launched a platform to help global businesses turn intent into action when integrating sustainable values into the core of digital payments. The new innovation paves the way for trust and safety in carbon markets, bringing together buyers with capital, and suppliers with high-integrity carbon credits, at the rate and scale required to rebalance the planet.  Designed as a holistic, enterprise-grade B2B2C product offering, Fils leverages the power of leading technologies for its end-to-end infrastructure to transform various industries, including financial services, hospitality, and e-commerce. This makes it easier for businesses to act on the core

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 This, in turn, repealed the Electric Power Sector Reform Act (EPSR A), 2005 and create a comprehensive legal and institutional framework to guide the Nigerian Electricity Supply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 Gregory Kronsten It is said by some analysts that COVID-19 is responsible for irreversible changes in our economies, including patterns of employment. It was, therefore, a revelation to read the latest national income dynamics study-coronavirus rapid mobile survey (NIDS-CRAM) from South Africa. Based upon a sample of 10,000 individuals, wave 3 (the most recent published data) shows that active employment in the country in October was just 0.15 per cent lower than the level in pre-COVID February. The recovery has been strong. In April, when the domestic lockdown was at its height, employment was 40 per cent lower than

By Afrinvest Research Given the challenges faced between H2:2014 and Q1:2017, investors constantly punished Nigerian equities, with sell-offs recorded across various sectors of the market. Consequently, Nigerian equities were undervalued, in comparison to peers, presenting ample opportunities for investors to take advantage of some of the companies, which turned out impressive results despite the economic challenges. Following the reforms in the FX market which resulted in increased FX liquidity and a restoration of investor confidence, massive gains were recorded in the market in 2017 and this has been sustained into 2018, up 12.2% (12/01/2018). With the market now at an

By Jerome-Mario Chijioke Utomi It is no longer news that some of the first-term governors-elect will face many months of unpaid workers’ salaries and mounting pension liabilities, as well as agitation for the implementation of the nationally agreed minimum wage, rising inflation, escalating prices of goods and services, and dwindling purchasing power. These incoming governors, about 17 of them, according to reports, will have a difficult time boosting the economies of their individual states because they will take over at least N2.1 trillion in domestic debt and $1.9 billion in foreign debt from their predecessors. It is equally common knowledge

By Modupe Gbadeyanka Ecobank Nigeria Limited has announced the introduction of a special scheme on Back2School loans and remittances for all its customers as part of its understanding of the importance of education and to further support customers with the financial freedom they deserve. The Head of Consumer Products at the bank, Mrs Daberechi Effiong, explained that, “Customers can either opt for the Employee Credit or Cash backed Back2School scheme based on their cashflow.” According to her, the Cash backed scheme gives customers access to competitive interest rates on their funds while accessing the Back2School loan. For the Employee Loan,

By Ahmed Rahma The International Institute of Tropical Agriculture (IITA) in collaboration with SANO Foods Limited on Monday began a public-private sector initiative to promote the cultivation of improved cassava varieties in Nigeria. The partnership under the Building an Economically Sustainable, Integrated Cassava Seed System, Phase 2 (BASICS-II) began with a joint public exhibition of fortified foods and cassava varietal display in IITA, Ibadan. The IITA Deputy Director-General (Partnerships for Delivery), Dr Kenton Dashiell, noted that the partnership was to promote consumption of locally produced products in Nigeria. He said part of the deal was to create awareness on the

By Adedapo Adesanya The Nigerian Content Development and Monitoring Board (NCDMB) and the Bayelsa State Government have signed a Power Purchase Agreement (PPA) for the delivery of electricity from the 10 megawatts gas-fired independent power plant constructed by the NCDMB in partnership with the Nigerian Agip Oil Company at Elebele, Bayelsa State. The agreement was recently signed in Yenagoa by the Executive Secretary of NCDMB, Mr Simbi Kesiye Wabote, and the Attorney General and Commissioner of Justice of Bayelsa State, Mr Biriyai Dambo and was witnessed by Governor Douye Diri. The power plant alongside the 17-storey Nigerian Content Tower (NCT)

By Adedapo Adesanya The Nigeria Police Force has said it would carry out an investigation into the death of the late Nigerian music star, Mr Ilerioluwa Oladimeji Aloba, otherwise known as Mohbad. The Feel Good crooner died on Tuesday, September 12, at the age of 27 over what was reportedly an ear infection, but many developments over the last two days reveal that the singer had historically been threatened and had suffered violence following his split from a popular record label, Marlian Records, last year. Fans have taken to social media to express their outrage towards what they suspect is