Author: Ifetayo Adeniyi

FG inaugurates pension-support loan for retirees Chief Executive Officer, CREDICORP, Uzoma Nwagba … offering retirees access to loans from ₦50,000. In a move aimed at boosting the nation’s consumer credit system, the Federal Government, through the Nigerian Consumer Credit Corporation, on Thursday, launched a pension-backed loan scheme designed to empower retirees. The initiative, launched in collaboration with Leadway Trustees and Optimus Bank, offers retirees access to loans starting from ₦50,000, with the maximum benchmark to be determined by the size of the pension income. Nigeria’s pension system has undergone significant reforms over the past two decades, with the Pension Reform…

Nigeria Presents World-class Centralised Passport Personalisation Centre – Tunji-Ojo Hon. Olubunmi Tunji-Ojo The Minister of Interior, Hon. Olubunmi Tunji-Ojo, has announced that Nigeria’s first Centralised Passport Personalisation and Production Centre is now completed and ready to be deployed to end the challenges facing the nation’s passport issuance process. Speaking at the tour of facility at the Nigeria Immigration Service (NIS) headquarters in Abuja on Thursday, the minister described the acquisition of the facility as a landmark moment in the ongoing reform aimed at transforming the country’s passport issuance system and eliminating backlogs permanently. He said the project represents one of…

Mental Health and Hidden Wounds: Africa’s Silent Epidemic Lady Diana Ereyitomi Eyo-Enoette Not all diplomats wear suits, some wear purpose – DeeEnvoy There are wounds you cannot see. They don’t bleed, but they break. They don’t show on the skin, but they shape the spirit. These are the wounds of mental health, one that African suffers as silent epidemic, a taboo not to be acknowledged or spoken of. The World Health Organization (WHO) defines mental health as “a state of well-being in which every individual realizes his or her own potential, can cope with the normal stresses of life,…

E-call-up: System saves Nigeria $1.7m, clears 3.2m trucks * Ètò system testifies to how technology and human can be applied to solve national problems. Right from its deployment in February 2021, Ètò has successfully processed more than 3.2 million truck and non-port movements across Lagos in just 54 months, slashing turnaround times and cutting logistics costs nationwide. The once-infamous traffic gridlock that crippled Lagos ports and disrupted Nigeria’s maritime economy for more than a decade is steadily giving way to sanity, thanks to the introduction of the Ètò electronic call-up system managed by Trucks Transit Parks Limited. While speaking at…

Fidelity Bank Extends GAIM 6 Promo …. Ups Total Cash Rewards to ₦189 Million L-R: Direct Sales Executive, Fidelity Bank Plc, Adegboyega Ademokunwa; GAIM 6 Eight Monthly draw Winner, Innocent Okoro Orji; Branch Leader, Fidelity Bank Plc, Gbagada, Chinwe Umez-Eronini; and Product Manager, Savings, Fidelity Bank Plc, at the GAIM 6 prize presentation ceremony held at Gbagada Building Materials market in Lagos recently. Fidelity Bank Plc, a leading financial institution, has announced a three-month extension of its flagship savings campaign, the Get Alert in Millions (GAIM) Season 6 promo, now set to run until 30 November 2025. In a…

Drones monitor traffic, boosts security in Lagos – LASTMA The Lagos State Traffic Management Authority (LASTMA) has taken a bold step into the future of urban traffic control with the official deployment of drones to monitor traffic, enhance security surveillance, and improve public safety across the metropolis. The initiative, launched under Governor Babajide Sanwo-Olu’s administration, signals a shift from traditional analog methods to advanced digital intelligence in line with the state’s THEMES+ Agenda. General Manager of LASTMA, Olalekan Bakare-Oki, described the deployment as a “watershed moment” for traffic management in Lagos, saying the drones will provide real-time aerial oversight to…

FG doles out N330bn cash transfers to vulnerable Nigerians — Minister Edun … about 19.7 million vulnerable and poor households on Social Register The federal government has paid poor Nigerians the sum of N330 billion in cash transfers through the National Social Safety-net Coordinating Office. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed this while briefing the press, in Abuja, yesterday. He disclosed that there were about 19.7 million poor and vulnerable households and over 70 million individuals on the National Social Register. The cash transfers are being done from an $800 million facility…

FAAC shares record N2.22tr to Federal, states, councils The Federation Account Allocation Committee (FAAC) has distributed N2.225 trillion as federation revenue to Federal Government, States and councils. The highest-ever allocation marks the second consecutive month that FAAC disbursements have crossed the N2 trillion mark. The N2.01 trillion revenue for July, shared during the August FAAC meeting in Abuja, was buoyed by increases in Oil and Gas Royalty, Value Added Tax (VAT) and Common External Tariff (CET) levies, according to a communiqué issued at the end of the meeting. Of the N2.225 trillion distributable revenue for August, the committee said that…

Stanbic IBTC shines as winner ‘Best Corporate Bank’ award Stanbic IBTC Bank has been declared the ‘Best Corporate Bank’ by International Business Magazine, marking another milestone in the financial institution’s pursuit of excellence in Nigeria’s banking sector. The award, which recognises outstanding organizations demonstrating exceptional leadership and innovation, highlights the bank’s commitment to providing superior corporate banking solutions that drive business growth across Nigeria. Executive Director of Corporate and Transaction Banking at Stanbic IBTC Bank, Eric Fajemisin, said the recognition reflected the team’s dedication to empowering businesses through innovative financial products. “This award reflects our team’s relentless commitment to providing…

Access Bank launches cervical cancer campaign Access Bank has partnered with Help the Woman Initiative to launch an ambitious cervical cancer awareness and screening programme in Akwa Ibom State, targeting over one million women across the oil-rich state. The initiative, dubbed Project UWUS (Unstoppable Woman, Unbreakable Spirit), comes as cervical cancer emerges as the second most prevalent cancer among women in Akwa Ibom, with alarming statistics showing a prevalence rate of 22.1 per cent. The bank’s intervention addresses critical healthcare gaps in the state, where limited access to medical facilities, deep-rooted cultural barriers, and insufficient public awareness have contributed…