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PennyTree Launches Digital Training Platform to Tackle Youth Unemployment

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PennyTree

By Adedapo Adesanya

PennyTree, a gamified digital lifestyle platform, has launched an Exclusive Associate Program for young people to help tackle the issues of unemployment and unemployability in Nigeria.

According to the company, Chairman of the Presidential Economic Advisory Council and recently appointed Chief Economic Adviser to the President (CEAP), Mr Doyin Salami, had projected Nigeria’s unemployment rate to hit 40 per cent by the end of 2021.

However, using this experimental financial inclusion and behavioural learning programme, it will help participants to increase their chances at employment as well as help impact the needed qualities and skills.

The course is aimed at reaching at least 100 young Nigerians that are passionate; offering them reward for smart work, cultivating interpersonal and finance management skills and employment opportunities.

Participants of the programme will be known as Penn Exclusive Associates.

It is set up with layers and tools which reinforces the values of hard and smart work with proper reward, enables them to become financially disciplined (especially with savings), gets monthly bonuses and remuneration which ensure earning between N68,000 and N204,000 in 30 days, build their network and look great on their resume.

According to Mr Ayo Ogunlowo, PennyTree’s co-founder, “PennyTree’s Exclusive Associate Program is designed to encourage and reward smart work among young people, networking, effective communication skills and creativity as long as they have a smartphone and BVN.”

Launched in December 2021, PennyTree has experienced exponential growth and market acceptance, offering products and services such as utility bill payment, a wallet system that enables free transfer in record time, target savings that allow users to save frequently to meet a goal without charges, personal vault for locking away funds for a set period of time and earning reasonable interest and of course, Penn Rules which is expected to help users experience the possibilities of lifestyle and finance being mutually inclusive.

Speaking on the initiative, PennyTree’s Brand, Marketing and Corporate Communications Manager, Ms Elsie Godwin said “PennyTree is not just concerned about helping Nigerian youths’ savings culture and making it seamless but to provide young people with skills through additional education and training, which ensures that they have a better shot at earning a good income in the global village.”

Partnering with Thought Leaders, Life and Career Development Coaches, PennyTree Exclusive Associate programme is designed to help participants upskill while earning an income.

ELIGIBILITY

Any Nigerian living in Nigeria between the ages of 18 and 35 is eligible to apply. The program is open to everyone within this age bracket, regardless of their field of specialization. Participants must have a BVN, own a smartphone and be active on at least 4 of the top social media platforms in Nigeria.

The Exclusive PennyTree Associate program has an iterative cycle of 30 Days and is now open for the first cycle and application is available via mypennytree.com/program and the program commences on Monday, January 10 and will close on January 14, 2022.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Jobs/Appointments

NMDPRA Denies Fake Employment Alert, Warns Unsuspecting Job Seekers

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NMDPRA fee regulations

By Adedapo Adesanya

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that the viral report suggesting that it is currently employing new staff is the “handiwork of fake recruitment syndicates established to mastermind fraudulent activities.”

In a Monday statement posted on its official X handle, NMDPRA expressed that it was compelled to publish the disclaimer to alert the public against such activities due to what it described as “exploiting young economically vulnerable and unsuspecting Nigerians perhaps into parting with huge sums of money for purported employment opportunities into the authority.”

“They do this by issuing bogus “Letters of Employment” and empty promises, as well as offering non-existent positions. These may well be the handiwork of fake recruitment syndicates established to mastermind these fraudulent activities.

“We wish to use this opportunity to state categorically that the NMDPRA is NOT conducting any recruitment exercise currently. Neither is the Agency undertaking any kind of employment in its services at any level. For the avoidance of doubt, any future recruitment exercise would be undertaken in accordance with extant rules guiding such exercises in the Nigerian Public Service,” the organisation emphasised.

The agency further advised the public to disregard these fake employment advertisements and urged them to visit its official website and social media pages to verify any recruitment claims.

The statement added, “In this regard therefore, we would like to advise the public and all Nigerians to ignore these spurious claims by unscrupulous people whose only objective is to defraud Nigerians and cast aspersion on the authority.

“We further advise that for current and up to date information regarding all our activities, kindly refer to our official corporate website: www.nmdpra.gov.ng as well as all our verified online social media outlets (i.e. Facebook, Linkedln and Instagram) for authentic information.”

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Aradel Appoints Nnoli Akpedeye as Independent Non-Executive Director

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Nnoli Akpedeye

By Adedapo Adesanya

Aradel Holdings Plc has appointed Ms Nnoli Akpedeye as an Independent Non-Executive Director, effective February 2, 2026, following a resolution passed at the company’s board meeting held on January 28, 2026.

In a notice to shareholders, Nigerian Exchange (NGX) Limited, and the investing public, the company disclosed that the appointment is subject to ratification by shareholders at its next Annual General Meeting (AGM). The board also authorised the Company Secretary, Mrs Titiola Omisore, to notify relevant regulators and take all necessary steps to give effect to the decision.

Ms Akpedeye brings more than 36 years of multi-disciplinary experience spanning oil and gas, engineering, legal and arbitration services, and management consulting. Her career reflects a strong blend of technical expertise and strategic leadership, with competencies in management and strategy, business process engineering, organisational development and change management, as well as entrepreneurship development.

Until 2014, she served as Technical Planning Manager for Shell Exploration and Production Companies in Nigeria, where she led the execution of high-impact, mission-critical projects. Over the course of her career at Shell, she held roles across civil engineering design, planning and construction, project management, facility management, technical audit, and business planning and strategy, gaining extensive local and international exposure.

Beyond her corporate career, Ms Akpedeye is an entrepreneur and advocate for capacity building in engineering and energy. She runs Contego Servo Limited and Perfectus Laundi Limited, and in 2013, she launched the “Introduce a Girl to Engineering” programme aimed at encouraging secondary school girls in Nigeria to pursue careers in engineering and related STEM fields.

She is a Council for the Regulation of Engineering in Nigeria (COREN)-registered engineer, a Fellow of the Nigerian Society of Engineers (FNSE), and a past President of the Association of Professional Women Engineers of Nigeria (APWEN). She is also a founding member of the Women in Energy Network (WIEN) and serves as a passionate ambassador for science, technology, engineering and mathematics education.

In addition, Ms Akpedeye is the Chief Operating Officer (COO) of Compos Mentis Legal Practitioners and the Chairman of the Board of Trustees of the Compos Mentis Foundation.

Her appointment further strengthens Aradel Holdings’ board with deep industry knowledge, governance experience, and a strong track record in leadership and institutional development, as the company continues to pursue its strategic objectives within Nigeria’s energy landscape.

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Geregu Power Chooses Sean Manley as Interim CEO

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Geregu Power

By Aduragbemi Omiyale

An interim chief executive has been appointed by Geregu Power Plc and he is Mr Sean Manley, with his appointment to take effect from Monday, February 2, 2026.

A statement from the power generating firm disclosed that his appointment is subject to the approval of the Nigerian Electricity Regulatory Commission (NERC) and the shareholders of the company at the next general meeting.

In the notice, the organisation expressed confidence that the appointee would use his wealth of experience and leadership to “add significant value to the company.”

Mr Manley is said to be “a seasoned power-sector professional with a proven track record in delivering complex energy projects in developing markets.”

He is armed with more than 30 years’ experience spanning sales, business development, project implementation, supply-chain management, and OEM-led delivery within the power sector.

Over the course of his career with Siemens, Mr Manley has developed deep technical and operational expertise in thermal power generation, covering plant construction, commissioning, major overhauls, and long-term operational support.

He is widely regarded as a practical problem-solver, with a demonstrated ability to close projects in challenging operating environments and brings extensive international experience and strong intercultural skills acquired across multi-jurisdictional engagements.

His areas of expertise include the delivery of large, complex infrastructure projects, management of multi-million-dollar business units, client and stakeholder relationship management, business and market development, as well as logistics and procurement analysis critical to successful project execution.

The appointment of Mr Manley comes after Mr Femi Otedola divested his stake in the energy firm last month to support the recapitalisation of First Bank of Nigeria, a subsidiary of FBN Holdings Plc, which he chairs.

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