Author: Ifetayo Adeniyi

9th National Youth Games Declared Open in Asaba – FG President Bola Tinubu has declared opened the 9th National Youth Games in Asaba, Delta State, giving assurance of his commitment to investing in sports development across the country. Represented by his Special Adviser on Public Communication and former Minister of Youth and Sports, Sunday Dare, Tinubu assured attendees of his administration’s recognition of sports as a vital tool for fostering national unity. He emphasised the importance of the National Youth Games (NYG) in talent discovery, highlighting its role in showcasing individuals who have made the country proud at both national…

FG’ll release 2024 budget performance report September The Federal Government has said that the full-year 2024 Budget Performance Report will be published by the end of September. This would be done alongside consolidated reports for the first and second quarters of 2025. From now, quarterly publications, the federal government said, are expected to resume on schedule. The Budget Office of the Federation (BoF), in a statement issued yesterday in Abuja, explained that the delay in releasing the Budget Implementation Reports (BIRs) was linked to two key factors: verification and reconciliation processes, and the transition to an extended fiscal framework. According…

NIPOST declares $80 prepaid customs duty on shipments to U.S. NIPOST The Nigerian Postal Service (NIPOST) on Friday declared that all non-document postal shipments from Nigeria to the United States (US) will now attract a mandatory prepaid customs duty of USD $80b(about N122,400) effective from 29 August, 2025. The measure was in compliance with a new U.S. Executive Order suspending duty-free exemptions on global postal shipments, NIPOST Director Corporate Communications, Ibrahim Musa, announced in a statement on Friday in Abuja. “Effective Aug. 29, all non-document postal items—including parcels and packages—destined for the U.S. will attract the fixed charge of USD…

Lanko reflects on career journey, relationship with family Adeola-Shoremi Nollywood Veteran, Adeola Shoremi, popularly known as Lanko, gives revelation of the past, how he was being disowned by his father over his career choice. Lanko said that his father was against him pursuing an acting career. He the revealed that he was disowned for eight years because he decided to venture into acting. “My father disowned me as a son for good eight years. One time, he fell sick and was admitted at the General Hospital in Ikeja for fifteen days without being attended to. His wife called me while…

CP Ojajuni becomes member of INTERPOL Africa committee CP Olubode Ojajuni. Photo: Prince Olumuyiwa Adejobi on Xl Nigeria reached another milestone in international policing as Commissioner of Police, Olubode Ojajuni, was elected into the INTERPOL Africa Committee during the 27th African Regional Conference held in Cape Town, South Africa. The Force, in a statement by its spokesperson, DCP Olumuyiwa Adejobi on Friday, said the election “secured for Nigeria the fifth seat on the committee with a tenure of two years.” The INTERPOL Africa Committee is responsible for advising the African Regional Conference in the execution of its mandate, facilitating its…

At 27, I was bank manager because of trust – Tony Elumelu Tony Elumelu. Credit: X| TonyOElumelu African businessman and philanthropist, Tony Elumelu, has reflected on the defining moment of his early career when he was given an appointment as a bank branch manager at just 27 years old. According to a post shared on his LinkedIn page on Tuesday, Elumelu recalled how his appointment at AllStates Trust Bank changed the trajectory of his life and shaped his passion for empowering young people. “When I was 27, I was given the opportunity of a lifetime: I became a branch manager…

GTCO raises GTBank’s Paid-Up Capital to ₦504 Billion Guaranty Trust Holding Company Plc (NGX: GTCO;LSE: GTCO), today announced that it has increased its investment in its wholly owned Banking subsidiary, Guaranty Trust Bank Limited (“GTBank”) to ₦504 billion through a rights issue subscription for 6,994,050,290 ordinary shares of fifty kobo each made by GTBank for a total consideration of ₦365,850,403,572.67, thus increasing GTBank’s paid-up share capital from ₦138,186,703,485.78 to ₦504,037,107,058.45. This Capital Injection ensures GTBank’s compliance with the new minimum capital requirement for commercial banks with international authorisation stipulated by the CBN. The Capital Injection was funded by the two-phased…

FIRSTBANK’S ₦1 TRILLION DIGITAL LOAN DISBURSEMENT MILESTONE AND THE NEW ERA OF INCLUSIVE LENDING IN NIGERIA Segun Alebiosu, MD/CEO, FirstBank For decades, Nigeria’s credit system posed significant challenges for small businesses and low-income earners, who often struggled to qualify for loans. Traditional banks demanded collaterals, guarantors, and endless paperwork, effectively shutting out a large portion of the population working in the informal economy. FirstBank’s digital lending model flipped the script. With the launch of its digital lending model, the bank eliminated collateral requirements and slashed approval times from weeks to under five minutes. Loans now flow through multiple channels including…

Glo Appreciates Nigerians for 22 Years of Unwavering Patronage, Support Telecommunications giant, Globacom, has expressed appreciation to its customers across the country and beyond for their loyalty and trust over the past 22 years since it commenced operation in the country. In a thank you message to its customers, Globacom said, “22 years of Glo is a story of resilience and strength, and through every storm, you, our loyal subscribers, have powered our network. With every connection, you have fuelled our growth”. Since roll out of services on August 29, 2003, Globacom has consistently championed groundbreaking innovations and interventions in…

FG hikes passport price to N100000, N200000, says timely delivery necessary FILE: Nigerian passports The Federal Government, on Thursday, defended the upward review of Nigerian passport fees to N100,000 and N200,000, saying it was necessary to sustain quality, curb corruption, and ensure timely delivery of travel documents. The Nigeria Immigration Service, in a statement signed by its Public Relations Officer, ACI AS Akinlabi, on Thursday, announced that from September 1, 2025, applications made within Nigeria will attract new fees of N100,000 for the 32-page, five-year validity passport and N200,000 for the 64-page, 10-year validity passport. “The review which only…