Author: Ifetayo Adeniyi

Unity Bank Grows Deposits by 23%, Posts N59.3B in Gross Earnings in 2023 FY Retail lender, Unity Bank Plc posted gross earnings of N59.3 billion for the full year ended December 31, 2023, representing a growth of 3.84% year-on-year. In its audited financials submitted to the NGX Group Limited, the Bank also witnessed improvements across key performance indicators, including a significant appreciation of customer deposits by 23% to N402.9 billion from N327.4 billion within the period under review – an indication of sustained retail growth and customer confidence. Other key highlights of the full-year results include the total assets which…

Oluremi Tinubu renders assistance to traders in N’West, distributes kits to midwives First Lady Senator Oluremi Tinubu Oluremi Tinubu renders assistance to traders in N’West, distributes kits to midwives First Lady Senator Oluremi Tinubu has officially launched the distribution of professional kits to midwives across the North-West geopolitical zone. The initiative, spearheaded by the Renewed Hope Initiative, took place in Kaduna State, with the First Ladies of all seven North-West states in attendance. Highlighting the vital role of midwives in improving healthcare outcomes, Tinubu emphasised that “the demands of the health profession go beyond mere skills and compassion, noting that…

FG clears investors misunderstandings over visa-on-arrival erasure Minister of Interior, Olubunmi Tunji-Ojo • New regulations would require pre-arrival clearance in real-time. The Presidential Enabling Business Environment Council on Monday played down the recent decision of the Ministry of Interior to scrap the Visa-on-Arrival policy, which seems to be generating mixed reactions among investors and the international community. It was eported on Friday that the Minister of Interior, Dr Olubunmi Tunji-Ojo, revealed plans to discontinue the policy, describing it as “unsustainable” and a potential security risk. Tunji-Ojo disclosed this at the graduation ceremony of 100 officers of the Nigeria Immigration Service…

Tinubu plans committee, considers another Census President Bola Tinubu Tinubu plans committee, considers another Census. Tinubu plans committee, considers another Census. Nigeria has taken a significant step towards conducting a new national population and housing census incorporating biometric and digital components. The last was held in November 2006. President Bola Tinubu, during a meeting at the State House with officials of the National Population Commission (NPC), announced plans to establish a committee to align the census budget with the government’s current financial realities. He emphasised the need for the National Identity Management Commission (NIMC) to be involved in the review…

Lekki Economic Zone: Lagos, stakeholders sign MoU to hasten growth Lekki Economic Zone: Lagos, stakeholders sign MoU to hasten growth. In a move aimed at accelerating the growth of the Lekki Economic Zone, the Lagos State government has formalised collaboration among the different stakeholders within the zone. The state ministry of commerce, cooperatives, trade and investment, brought major drivers in the Lekki Economic Zone together on Monday, where they signed a Memorandum of Understanding (MOU) involving the Lekki Worldwide Investment Limited – representing the state government, Lekki Free Zone Development Company (LFZDC), Lagos Free Zone, Dangote Enterprise Zone, Alaro City,…

Dangote Group Employs Advanced Technology To Reinvigorate Companies Dangote Group Employs Advanced Technology To Reinvigorate Companies. Backing Clinging onto its position as Africa’s leading conglomerate, the Dangote Industries Limited has instituted a plethora of cutting-edge technology in creating top-notch efficiency for all its companies. Speaking weekend at the just concluded 46th Edition of the Kaduna International Trade Fair, Senior Advisor to the President of the Dangote Group, Fatima Wali Abdurrahman, said the digitization exercise is a sustained endeavour, adding that it has helped in speeding up manufacturing and sales. “As some of you may be aware, we have since digitized…

FG Sets Up Joint Committee To Handle Issues Surrounding Fiber Cuts As proper handling of effective communication becomes paramount, committees are set up to deal with issues surrounding fiber cuts. The Federal Ministry of Works (FMoW) and the Federal Ministry of Communications, Innovation, and Digital Economy (FMoCIDE) have established a Joint Standing Committee on the Protection of Fiber Optic Cables to address the persistent issue of fiber optic cuts and damages caused by road construction and rehabilitation activities. These disruptions have had a significant negative impact on telecommunications services across Nigeria. The Joint Standing Committee on Protection of Fiber Optic…

Tinubu congratulates Aiyedatiwa on fresh term Tinubu and Aiyedatiwa Tinubu congratulates Aiyedatiwa on inauguration as Info governor. President Bola Tinubu has congratulated Ondo State Governor, Lucky Aiyedatiwa, on his fresh term in office. Aiyedatiwa, who succeeded former Governor Rotimi Akeredolu, was sworn in on Monday in Akure, the capital of Ondo State. According to presidential spokesman, Bayo Onanuga, the President urged him to use his overwhelming mandate to serve the good people of the state and build on the legacy of his illustrious predecessor, the Late Governor Rotimi Akeredolu. The president also advised Aiyedatiwa to expand economic opportunities, reduce poverty,…

FG demands publication of meter refund from DisCos Nigerian Electricity Regulatory Commission FG demands publication of meter refund from DisCos FG demands publication of meter refund from DisCos in the country. The Federal Government, through the Nigerian Electricity Regulatory Commission, has directed all electricity distribution companies to publish the refunds they have made to customers who purchased meters under the Meter Asset Providers scheme. The NERC announced this on its social media handles on Monday. On Monday, the commission held the first Nigerian Electricity Supply Industry Stakeholders meeting in 2025. The MAP framework provides for the provision and maintenance of…

Nigeria secures $5.5bn in FIDs in 2024, aims for more investments in 2025 Special Adviser to the President Bola Tinubu on Energy, Olu Verheijen Nigeria secures $5.5bn in FIDs in 2024, aims for more investments in 2025 The Special Adviser on Energy to President Bola Tinubu, Olu Verheijen, has stated that Nigeria is poised to secure an increased number of Final Investment Decisions, a move that reinforces investor confidence and drives sustained economic growth in the energy sector. Verheijen, speaking at the Nigeria International Energy Summit 2025 on Monday, noted that Nigeria secured three out of Africa’s four FIDs last…