Author: Ifetayo Adeniyi

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…

All Federal airports fully insured — Kuku The Federal Airports Authority of Nigeria (FAAN) on Wednesday says all federal airports managed by the authority are fully insured. The Managing Director and Chief Executive of FAAN, Mrs Olubunmi Kuku, gave the clarification while responding to claims that the airports were not insured. Kuku also clarified that the insurance were up-to-date, with available records to back it up. She said “de-rubberisation and runway hygiene has been done; infact, records are available to show. “Other areas I will concur are habitation and community issues that have impacted the wildlife and bird strikes and…

RMAFC introduces performance management system for staff The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has adopted a new Performance Management System (PMS) for its staff, replacing the long-standing annual performance evaluation report. A statement on Wednesday by the Head of Information and Public Relations Unit of the Commission, Maryam Umar Yusuf, said the new system is part of efforts to enhance productivity, accountability, and service delivery through digital transformation. The Chairman of the Commission, Dr. Mohammed Bello Shehu, who was represented at the training workshop by Hon. Ismail Mohammed Agaka, Federal Commissioner representing Kwara State, said the initiative was…

Onome Ebi retires from football at 42 Onome Ebi Super Falcons veteran defender Onome Ebi has declared retirement from professional football. She made said this on her X page, saying though retired her purpose continues by giving back and being a voice for players. She said : “Today, I officially retire from professional football. The journey has been filled with challenges, victories, and lessons that shaped me into who I am today. Though I hang up my boots, my purpose in the game continues — to give back, to guide, and to be a voice for players.” With 100 appearances…

Emergency rule in Rivers over by Wednesday’s midnight – Tinubu Tinubu President Bola Tinubu has terminated the emergency rule in Rivers state from Wednesday midnight. According to his release, the President asked suspended Governor Siminalayi Fubara to resume work on Thursday, September 18. He also asked Ngozi Nma Odu, the Deputy Governor, and Rivers lawmakers resume their duties. The emergency rule was declared in the state six months ago. Tinubu said: “My Fellow countrymen and, in particular, the good people of Rivers State.* “I am happy to address you today on the state of emergency declaration in Rivers State. You…

UBA Chairman, Tony Elumelu, Cuts Short UNGA Trip Following Tragic Loss of Colleagues at Afriland Towers Tony Elumelu, Chairman of United Bank for Africa (UBA), has returned to Lagos after cutting short his trip to New York for the United Nations General Assembly following a devastating incident at Afriland Towers that claimed the lives of several UBA colleagues. In an emotional statement released today, Elumelu expressed his profound grief over the tragedy that occurred yesterday at the commercial building. “I am shattered by yesterday’s devastating incident at Afriland Towers that took the lives of our dear colleagues,” Elumelu said. “No…

Choppies Supermarkets South Africa disposes a portfolio of retail stores to Shingai Group Johannesburg, 17 September 2025 – Choppies Supermarkets South Africa today announced that it has entered into binding agreements to sell 100% of its shareholding in Business Venture Investments No. 2243 as well as the assets of the meat processing factory to the Shingai Itai Consortium, led by Shingai Retail Investments. Business Venture Investments operates a chain of 45 Jwayelani-branded discount supermarkets in South Africa, with a network of community-based grocery stores. The transaction represents the full divestment of Choppies’ interest in the company, transferring ownership and operational…