Author: Ifetayo Adeniyi

Creative Economy Development Fund Gets Approval Of FG Minister of Arts, Culture, and Creative Economy, Hannatu Musawa Creative Economy Development Fund Gets Approval  The Federal Executive Council has approved the establishment of the Creative Economy Development Fund and the implementation of the Intellectual Property Monetisation Pilot. The approval was made on Wednesday at the Federal Executive Council meeting chaired by President Bola Tinubu. This was disclosed in a statement released on Thursday by Nneka Ikem, Special Adviser to the Minister of Art, Culture and the Creative Economy, Hannatu Musawa. The objective of the CEDF is to provide funding to creatives…

TCN says it has discovered fault at transmission line and repair started TCN says it has discovered fault at transmission line and repair has started.  The Transmission Company of Nigeria its linesmen have identified the fault responsible for the power outage on the Ugwuaji-Apir 330-kilovolt (kV) double circuit transmission line. On Tuesday, TCN reported a power outage in the North -East, North-West, and parts of North-Central after the 330 kV Ugwaji–Apir double circuit transmission lines 1 and 2 tripped around 4:53 am “due to a fault”. The power outage occurred on Monday. Providing an update in a statement on Wednesday,…

FIFA Men’s Ranking: Super Eagles Surpasses Previous Record Super Eagles gets better, surpasses previous record.  Nigeria’s Super Eagles have moved up from 39th to 36th position in the latest FIFA men’s world ranking. The latest world ranking was released on Thursday, October 24 as published on FIFA’s website. In Africa, the Super Eagles also moved up, climbing from sixth to fourth position. The Eagles are behind Morocco, who are Africa’s highest ranked team in 13th place in the world, Senegal (20th) and Egypt (30th). Benin Republic, who will host the Eagles on matchday 5 in Group D of the…

Super Eagles Stars, Lookman, Osimhen To Be Considered For 2024 IFFHS Award Lookman and Osimhen Super Eagles Stars, Lookman, Osimhen To Be Considered For 2024 IFFHS Award Ademola Lookman and Victor Osimhen have been shortlisted for the 2024 International Federation of Football History and Statistics (IFFHS) Men’s World Best Player. They were among the 30 players nominated for the prestigious award this year released on Thursday. Lookman was nominated on the back of his outstanding displays for Nigeria and Atalanta in this year. He was the star of Atalanta’s UEFA Europa League success last season. The talented winger scored a…

Over 200 Women To Take Part In ‘Lagos Women Run’ In November ‘Lagos Women Run’ set to take place in November.  The Lagos Women Run, an initiative of Gym Assured, Marathon & Road Race Organisation, in conjunction with the Lagos State Government, has been scheduled to take place on November 9. Over 200,000 women are expected to take part in the 10km road race being staged by a dedicated group of women with professional backgrounds in sports management, administration, and other women-focused organisations. Since its inception in 2016 in Lagos, the event has grown and is expected to expand to…

Sustainability Week: Dangote Cement Reaches out to people in Kogi Celebration as Dangote Cement reaches out to people in Kogi.  Dangote Cement Plc, Obajana Plant, has carried out a series of community service and public awareness programmes as part of its activities for this year’s Sustainability Week in Kogi State. Speaking, Dr. Eseosa Ighile, Head of the Sustainability Department at Dangote Cement Plc, Obajana, highlighted that the company was using Sustainability Week to engage with and support local communities through donations and outreach. She said: “Obajana Sustainability Champions visited the Ministry of Mercy orphanage in Lokoja, providing essential supplies, food…

VerveLife 7.0 Grand Finale: Ulisses, King of Squats to Headline Africa’s Biggest Fitness Party! Africa’s Biggest Fitness Party! The grand finale of the seventh edition of VerveLife, Africa’s biggest fitness party, is finally here! Powered by Verve, Africa’s leading payments card and token brand, VerveLife 7.0 is set to ignite Lagos with an unforgettable fusion of fitness, fun, and exciting beats! Following a lineup of satellite events across Nigeria, Kenya and Uganda, the VerveLife grand finale themed, ‘Fit ‘n’ Lit’, will be going down on November 2, 2024, at the Landmark Event Center, Victoria Island, Lagos, with the workout session…

FOR Q3 2024, NIGERIAN BREWERIES PLC RECORDS 74.9% GROWTH IN REVENUE FOR Q3 2024, NIGERIAN BREWERIES PLC RECORDS 74.9% GROWTH IN REVENUE Key Highlights • Revenue increased 75% • Gross profit increased by 36% • Marketing, Distribution, and Administration expenses increased by 45% Nigerian Breweries Plc, the foremost brewing company in Nigeria, has recorded a 75% revenue growth for the 9 month period ended 30th September 2024, relative to the corresponding period in 2023. The revenue recorded for the company stood at N703billion, as against N402 billion, which was recorded in the corresponding period in 2023. According to the unaudited…

Sterling One Foundation, Ready To Host ESG Series 4.0, Collaborates with Other Organizations Sterling One Foundation, Ready To Host ESG Series 4.0 In Collaborations. As environmental, social, and governance (ESG) principles continue to gain traction globally, Nigerian businesses are increasingly recognizing the importance of integrating sustainable practices into their operations. ESG has evolved from a trend to a strategic necessity for companies aiming to manage risks, meet regulatory requirements, and align with the expectations of investors and stakeholders. In response to this growing significance, Sterling One Foundation, in partnership with PwC, NGX, UNIDO Investment and Technology Promotion Office (ITPO) Nigeria,…

Union Bank Projects New Industry Standard with Comprehensive Maternity Leave and Onsite Crèche Facility …aligns with global sustainability goals. Union Bank has set a new standard in Nigeria’s financial sector by offering unparalleled comprehensive maternity leave to support working mothers and an on-site crèche facility to support working parents, both male and female full-time employees. The new initiative includes an industry-leading five months of fully paid maternity leave, exclusive of the applicable annual leave, and an on-site crèche facility. According to Section 54 of the Labour Act in Nigeria, new mothers are legally entitled to 12 weeks of maternity leave.…