Author: Ifetayo Adeniyi

Billionaires’ Wealth Grew Three Times Faster in 2024 by $2 Trillion – Oxfam Report Billionaires’ Wealth Grew Three Times Faster in 2024 by $2 Trillion – Oxfam Report The wealth of world’s billionaires, including Nigerians, grew three times faster in 2024 than the previous year, global advocacy group, Oxfam International revealed in its new report. The report was primed to coincide with the time scores of the world’s political and financial elite are converging for the annual meetings of the World Economic Forum (WEF) in Davos, Switzerland. In another Nigeria-specific report, the global advocacy group stated that…

Now NCC Approves 50% Rise in Telecoms Tariff • Hike will foster efficient service delivery for users. The Nigerian Communications Commission (NCC) yesterday approved the raising of telecoms tariff by 50 percent in what observers believe was approved in a bid to improve telecom services. In recent times, the quality of services by all telecoms providers have depreciated significantly all service lines. The approved increase was disclosed in a statement signed by NCC Director, Public Affairs, Mr. Reuben Muoka. The approval comes at a time when different telecoms subscriber groups were kicking against any tariff hike which according to them…

FMBN Declares Record N12.18 Billion NHF Refunds in 10 Months • This was a result of process improvements introduced in the bank by the new management. • Leveraging on innovations and technologies that make our work better. The Federal Mortgage Bank of Nigeria (FMBN) has announced a record disbursement of N12.18 billion in National Housing Fund (NHF) refunds to retiring or exiting subscribers within a 10-month period. Managing Director and Chief Executive of the FMBN, Shehu Osidi, disclosed this when he led the bank’s top management as part of the team of the Federal Ministry of Housing and Urban Development…

Man To Ride Bicycle From Akwa Ibom To RCCG Redemption City In Lagos For Pastor Adeboye’s 83rd Birthday Man To Ride Bicycle From Akwa Ibom To RCCG Redemption City In Lagos For Pastor Adeboye’s 83rd Birthday A Redeemed Christian Church of God Minister, Brother Daniel Ephraim William (aka Babadan), is set to embark on 668.1KM journey on bicycle from Eket in Akwa Ibom State to the RCCG Redemption City of God at Kilometre 46, Lagos/Ibadan Expressway, Ogun State in honour of the Redeemed Christian Church of God General Overseer, Pastor Enoch Adejare Adeboye’s 83rd birthday celebration. Brother Ephraim, a Minister…

CAC, using AI, will register company within half an hour timeframe CAC, using AI, will register company within half an hour timeframe. The Registrar-General/Chief Executive, Corporate Affairs Commission (CAC), Mr. Hussaini Magaji, yesterday said all business registration with the commission would soon be fully driven by Artificial Intelligence (AI) to further simplify processes and enhance ease of doing business in the country. He said advancements in AI could handle routine operational tasks such as business registration, freeing resources for more complex compliance and enforcement activities. Magaji spoke at the opening of an in-house compliance and enforcement training workshop for CAC…

774 councils to open dedicated accounts with CBN for disbursement – ALGON 774 councils to open dedicated accounts with CBN for disbursement – ALGON 774 local governments are to open dedicated accounts with the Central Bank of Nigeria (CBN) for the direct disbursement of allocations to them from the Federation Account, the Association of Local Governments (ALGON) said yesterday. The National President, Bello Lawal Yandaki, said the opening of the account is critical to the implementation of the Supreme Court ruling on direct allocations to the councils. He said the apex bank is waiting for the Federal Government’s directive on…

As Senator Gbenga Daniel Commits 2025 To God At 20th Annual Family Thanksgiving Service, Aare Adetola Emmanuelking Joins Celebration Senator Gbenga Daniel As Senator Gbenga Daniel Commits 2025 To God At 20th Annual Family Thanksgiving Service, Aare Adetola Emmanuelking Joins Celebration Aare Adetola Emmanuelking, the Otun Asiwaju Onigbagbo of Remoland, attended the 20th Annual Family Thanksgiving Service of His Excellency, Senator Otunba Engr. Gbenga Daniel (FNSE, FAEng, FNIMechE), on Sunday, January 19, 2025. The event was held at Abraham’s Tabernacle, GRA, Sagamu. As a distinguished guest, Aare Adetola delivered a goodwill message that resonated deeply with the congregation, celebrating His…

Courtesy visit: Biden welcomes Trump to White House US President Joe Biden and First Lady Jill Biden pose alongside President-elect Donald Trump and Melania Trump as they arrive at the White House in Washington, DC, on January 20, 2025, before departing for the US Capitol where Trump will be sworn in as the 47th US President. (Photo by ROBERTO SCHMIDT / AFP) Courtesy visit: Biden welcomes Trump to White House US President Joe Biden welcomed his successor Donald Trump to the White House for a courtesy visit on Monday, ahead of the latter’s inauguration. Accompanied by First Lady Jill Biden,…

Sanwo-Olu welcomes new Speaker Meranda, ready to give support Lagos State Governor, Babajide Sanwo-Olu and the Speaker, Lagos State House of Assembly, Mojisola Meranda [Credit: Babajide Sanwo-Olu/Facebook] Sanwo-Olu welcomes new Speaker Meranda, ready to give support Lagos State Governor Babajide Sanwo-Olu has reaffirmed the commitment of the Executive and Legislative arms to maintaining a harmonious relationship following the emergence of Mojisola Meranda as the new Speaker of the Lagos State House of Assembly. In a statement on Monday via X, after receiving Speaker Meranda and other principal officers at the Lagos House in Ikeja, Sanwo-Olu expressed confidence in their collaborative…

Tourism: Lagos got $71.6m during Christmas period Special Adviser to the Governor of Lagos State, Babajide Sanwo-Olu, on Tourism, Arts, and Culture, Idris Aregbe Tourism: Lagos got $71.6m during Christmas period. The Lagos State Government has announced that it generated over $71.6 million in revenue from tourism, hospitality, and entertainment during the 2024 ‘Detty December’ celebrations. According to the government, hotels contributed over $44 million, while short-let apartments added $13 million to the total revenue. The Special Adviser to the Governor of Lagos State, Babajide Sanwo-Olu, on Tourism, Arts, and Culture, Idris Aregbe, shared these figures during a weekend review…