Author: Ifetayo Adeniyi

School Fees Collection And Reconciliation Made Easy With Stanbic IBTC Bank In today’s fast-paced educational landscape, simply managing admissions and classrooms is no longer enough. Schools in Nigeria need a robust solution that not only streamlines administrative processes but also enhances the payment experience for parents and guardians. Stanbic IBTC Bank recognises this need, stepping in with comprehensive school fees collection solutions. One of these solutions is a digital platform with a user-friendly interface that empowers schools to receive payments through various channels, including card payments, bank transfers, digital wallets, USSD, and even bank deposits. By offering these diverse payment…

Polaris hosts trade forum to drive growth Polaris Bank, on Tuesday, hosted corporate customers in the non-oil sector at its Global Trade Forum. The event was designed to foster stronger stakeholder relationships, address trade-related challenges and explore innovative solutions to drive business growth. The forum, with the theme ‘Trade Export: Partnering for Growth’, brought together key players in Nigeria’s trade and export ecosystem, including business leaders, exporters, regulators, Nigerian Customs and policy influencers. Participants engaged in discussions on the challenges and opportunities shaping the global trading landscape. Polaris Bank Managing Director, Kayode Lawal, underscored the central role of trade as…

CBN warns on negative outcome of abusing naira as printing cost File photo: CBN governor, Olayemi Cardoso The Central Bank of Nigeria has declared concerns that abuse of the naira is driving up the cost of printing and replacing banknotes. The warning came on Wednesday at the flag-off of a nationwide sensitisation campaign on proper naira handling, held in Abuja. The Deputy Governor, Operations Directorate, Dr Bala Bello, was represented by Dr Adedeji Adetona, Director of Currency Operations and Branch Management Department, who delivered the speech on his behalf. “The Naira is more than a means of payment. It represents…

Tax matters: FIRS urges media collaboration to promote voluntary compliance … journalists to help highlight the benefits of taxation The Federal Inland Revenue Service has called for stronger partnership with the media to promote voluntary tax compliance among Nigerians, stressing that taxation is essential for national development. It warned that without a deeper culture of citizen participation, tax enforcement alone would not deliver the country’s development goals. Speaking at a one-day sensitisation programme titled “The Role of Media in Voluntary Tax Compliance” in Kaduna on Wednesday, the FIRS Executive Chairman, Zacch Adedeji, represented by his Technical Adviser on Broadcast Media,…

Tinubu aims to restart oil production in Ogoniland, honours Ogoni Four * Oil activities in Ogoniland no longer take place since 1993 President Bola Tinubu on Wednesday conferred posthumous national honours of Commander of the Order of the Niger (CON) on the late Ogoni leaders, Albert Badey, Edward Kobani, Theophilus Orage, and Samuel Orage, collectively remembered as the “Ogoni Four.” The President announced the honours while receiving the report of the Ogoni Consultations Committee at the State House, Abuja. He urged the people of Ogoniland to embrace reconciliation and unity after decades of division. “May their memories continue to inspire…

FirstBank Ready to Launch Tailored Financial Services for Blind and Physically Challenged Customers (MD)/ CEO of First Bank of Nigeria Mr Olusegun Alebiosu. FirstBank, the premier West African bank and a leading financial inclusion service provider, is set to introduce tailored financial services for blind, partially sighted, and physically challenged customers across its operations. This initiative is part of FirstBank’s broader continuous commitment to promoting Financial Inclusion and Diversity, which is shown in its policies, partnerships and initiatives such as its employees’ ratio of female to male (about 41%:59%; and 37% women in management roles) as well as the…

Air Peace Commences Direct Flights from Abuja–London Air Peace is launching the beginning of direct flights from Abuja to London this October, marking a major expansion for Nigeria’s largest carrier. At a travel partner forum in Abuja, the airline engaged industry stakeholders, including travel agents and technology providers, to finalize plans for the new route. The discussions focused on ticketing, accessibility, and ensuring competitive pricing for passengers. Chairman Allen Onyema called the development a breakthrough for northern Nigerian travelers, who will now enjoy easier access to London without routing through Lagos or foreign hubs. He noted that regulatory approvals…

GTCO Plc Releases 2025 Half-Year Audited Result of ₦600.9billion, Sustains Strong Performance Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2025, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group recorded profit before tax of ₦600.9billion on the back of strong performance on core earning lines of interest income and fee income, which grew y-o-y by 31.5% and 33.0%, respectively. The strong core-earning performance doused the impact of the ₦493.01bn fair value gains recognised in H1-2024 which did not recur…

Digital fuel card unveiled, rewards in management Managing Director, Tango Brook Technologies, Obi Wemambu. Photo: Obi Wemambu * Has capacity to reduce fuel theft by 95% Tango Brook Technologies has launched the Tango Fuel Card, a digital fuel management system designed to give individuals and corporate customers greater transparency, control and rewards in managing fuel expenditure. In a statement on Tuesday, the company said the Tango Fuel Card provides access to physical payment cards accepted at fuel stations nationwide, alongside tools, detailed reports, analytics and devices that help households and organisations track and optimise fuel use while curbing fraud. The…

FG applauds Flour Mills’ performance in silo concession programme Flour Mills of Nigeria Plc has been recognised by the Federal Government as the only private company fulfilling all conditions under the ongoing silo concession revitalisation programme. The company made the disclosure in a statement to The PUNCH, highlighting its role in supporting the government’s food self-sufficiency agenda through sustained agricultural investments. According to the statement, the Minister of Agriculture and Food Security, Senator Abubakar Kyari, commended FMN’s performance, noting that the Group remains the sole private operator meeting obligations under the concession scheme. “Out of the 17 silo complexes conceded…