Author: Ifetayo Adeniyi

Union Bank marks decade-high staff promotion rate for outstanding performance Union Bank marks decade-high staff promotion rate for outstanding performance Union Bank of Nigeria Plc, a leading institution in the Nigerian financial sector, has concluded its annual staff assessment and performance evaluation exercise, resulting in the promotion of approximately 24 percent of its employees, the highest promotion rate recorded by the Bank in the past 10 years. This milestone reflects Union Bank’s enduring commitment to recognising and rewarding excellence, nurturing talent, and fostering a high-performance culture. Promotions were awarded across various departments to employees who consistently demonstrated outstanding achievement, integrity…

Ponzi schemes: SEC to roll out USSD code to curb activities Ponzi schemes: SEC to roll out USSD code to curb activities To tackle unregistered investment schemes and handle the spread of Ponzi operations, Nigeria’s Securities and Exchange Commission (SEC) has announced plans to launch a USSD code verification system to enable the public to identify licensed capital market operators. The initiative, expected to be launched at the upcoming Capital Market Committee meeting this quarter, will allow mobile phone users, irrespective of internet access, to verify the registration status of financial operators. While speaking in Abuja over the weekend, SEC…

Enugu crashes electricity tariff for band A from N209 to N160 Per Kwh * …Band A will be paying N160 while other Bands B, C, D, and E are frozen. The Enugu State Electricity Regulatory Commission (EERC), has issued a new tariff to MainPower Electricity Distribution Limited, the utility that succeeded Enugu Electricity Distribution Company, (EEDC), for electricity distribution in the state, reviewing electricity cost for Band A from N209/ kWh (per kiloWatt) to N160 kWh, effective from August 1, 2025. This was contained in the Commission’s Order No. EERC/2025/003 entitled “Tariff Order for MainPower Electricity Distribution Limited 2025, issued…

Lagos Sets Date For Africa’s First E1 Electric Powerboat Championship The Governor of Lagos State, Mr Babajide Sanwo-Olu, Chairman Dangote Group, Alhaji Aliko Dangote and other dignitaries at the E1 Racing Championship in Monaco. Credit: X | Sanwo-Olu Lagos Sets Date For Africa’s First E1 Electric Powerboat Championship Lagos State Governor, Babajide Sanwo-Olu, has announced that the state will host Africa’s first-ever E1 Championship on October 4 and 5, 2025. The governor made this known in a statement via his official X account on Sunday. “This weekend, we were in Monaco experiencing the E1 Racing Championship. It was a good…

CAC speaks on new AI portal amidst complaints Corporate Affairs Commission CAC speaks on new AI portal amidst complaints The Corporate Affairs Commission has said its newly deployed Artificial Intelligence-driven registration platform, the Intelligent Companies Registration Portal, now handles over 11,000 company registration and compliance cases daily. According to the commission, the portal recently processed 8,000 name reservation requests in a single day. It noted that this same task used to take at least two weeks to complete under the old manual process. The commission clarified in response to complaints of poor service delivery and technical hitches on its newly…

Air Peace to commence direct flights from Abuja to London Heathrow Air Peace to commence direct flights from Abuja to London Heathrow Nigeria’s leading carrier, Air Peace, has concluded plans to begin direct flights from Abuja to both London Heathrow and London Gatwick airports on October 26, 2025. A statement by the airline said the expansion would mark a significant milestone in Air Peace’s ongoing commitment to providing world-class connectivity and superior service between Nigeria and the United Kingdom. According to the statement, the new services would be operated with the airline’s wide-body Boeing 777 aircraft, offering passengers enhanced comfort,…

Flying Eagles defeat Niger Republic 4-3 on penalties to reach final in WAFU B U20 Flying Eagles defeat Niger Republic 4-3 on penalties to reach final in WAFU B U20 Flying Eagles, Nigeria’s U20 boys, have made it to the Final of the ongoing WAFU B U20 Tournament in Ghana after a tense encounter against their Niger Republic counterparts, culminating in a penalty shootout that ended 4-3 following a scoreless 90 minutes. While the match was on, the Flying Eagles displayed determination but faced challenges in converting several scoring opportunities. On the other hand, the Nigeriens adopted a strong defensive…

Polaris Bank Empowers More Than 500 Journalists on Modern Trends in Journalism Polaris Bank Limited recently hosted a hybrid capacity-building seminar for approximately 500 journalists both in Nigeria and internationally. The seminar, themed “Empowering Journalists in the Digital Age: Storytelling, Tools & Transformation,” aimed to equip media professionals with the skills and knowledge necessary to thrive in today’s rapidly changing journalism landscape. In a welcome address, Rasheed Bolarinwa, Head of Brand Management & Corporate Communications at Polaris Bank, highlighted the bank’s longstanding tradition in media education. He pointed out that Polaris Bank has been investing in such initiatives for the…

Galatasaray Finally Have Osimhen, Reached Agreement With Napoli Victor Osimhen Galatasaray Finally Have Osimhen, Reached Agreement With Napoli Napoli and Galatasaray have concluded talk on agreement for Victor Osimhen to join the Turkish champions on a permanent deal, following his successful loan during the 2024/25 season. According to reports from Sky Sports’ Gianluca Di Marzio, Galatasaray have agreed to trigger Osimhen’s €75 million release clause. Napoli will receive €40 million upfront, with an additional €17.5 million to be paid within the next year. The full amount is expected to be settled by the end of 2026. The deal also includes…

Houston Mayor Encourages FG to Start Direct Flights, Open Consulate Houston Mayor Encourages FG to Start Direct Flights, Open Consulate * Nigerian government’s considering the request. Mayor of Houston, John Whitmire, has proposed the establishment of a Nigerian consulate in Houston and the introduction of direct flights between Nigeria and the city as part of broader efforts to strengthen Nigeria–United States relations. The proposal was delivered during a diplomatic meeting between the City of Houston and Hon. Abike Dabiri-Erewa, Chairperson and Chief Executive Officer of the Nigerians in Diaspora Commission (NiDCOM), held in Houston. Mayor Pro Tem Martha Castex-Tatum represented…