Author: Ifetayo Adeniyi

Enhancing digital infrastructure, Nigeria, EU unveil data exchange platform Nigeria has unveiled a new technical roundtable on the Nigeria Data Exchange Platform (NGDX). The project is seen as a bold step to strengthen the country’s Digital Public Infrastructure (DPI). This was organized by the Federal Ministry of Communications, Innovation and Digital Economy with support from the European Union (EU) and its partners from Estonia, Finland, Germany, and France. It was part of the Nigeria Data Exchange Conference, which aims to build secure, inclusive, and trusted digital systems for citizens and businesses. The conference, hosted through the Digital for Development (D4D)…

Morayo Afolabi-Brown steps down from popular TVC’s ‘Your View’ Morayo Afolabi-Brown The host of the morning show on Television Continental, Your View, Morayo Afolabi-Brown, has stepped down from programme after more than a decade. A video of her final appearance was shared by the broadcaster on Friday, leaving many viewers emotional. In the clip, both the live audience and fans at home poured glowing tributes to Morayo for the impact she made on their lives and the lives of countless women who tuned in regularly. Her co-anchors praised her for redefining broadcasting with excellence, while guests commended her humility and…

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…