Author: Ifetayo Adeniyi

MTN scholarships: N114m given to students across Nigeria universities “We are here to support you as you strive for academic excellence, and we will use every tool in our arsenal to do so,” she said. MTN Nigeria Foundation has announced a disbursement of N114m in scholarships to 380 students, including visually-impaired students, across Nigerian universities for 2024. The foundation has also inducted 380 graduates into the MTN Scholarship Alumni Association. At an award ceremony held on Tuesday in Abuja, the foundation granted scholarships to students with excellent academic records. The scholarship equips the recipients to study any course from entry-level…

Davido will feature during 78th United Nations General Assembly event Davido Davido will feature during 78th United Nations General Assembly event He expressed joy as this would be his first time attending the General Assembly. Award-winning Afrobeats sensation, David Adeleke, popularly known as Davido, has arrived in New York City to perform at an official event during the 78th United Nations General Assembly. The musician, who revealed that this would be his first time attending the assembly, expressed his excitement on X, saying, “Touchdown New York City for the #UN General Assembly… My first time attending should be interesting. Also…

X to allow blocked user view public posts from the accounts that blocked them X X to allow blocked user view public posts from the accounts that blocked them X, formerly known as Twitter, is set to change the functionality of its block feature, allowing users who have been blocked to see public posts from the accounts that blocked them. This update, noted by independent app researcher Nima Owji and confirmed by Elon Musk on Monday, will ensure that while blocked accounts cannot engage with users who have blocked them, they will still have access to view their public posts.…

Adron Homes Visits Ooni, Unveils Partnership for Olojo Festival In alignment with its commitment to promoting Nigeria’s cultural heritage and supporting national development and sustainability, Adron Homes and Properties has recently unveiled sponsorship and partnership with the House of Oduduwa for the 2024 Olojo Festival in Ile-Ife, Osun State. This significant collaboration was revealed during a courtesy visit by Adron Homes and Properties management, led by Managing Director Mrs. Adenike Ajobo, to the Ooni of Ife and the progenitor of Yoruba Race, Ooni Adeyeye Babatunde Enitan Ogunwusi Ojaja II CFR, on September 19, 2024, at his Enuwa palace. For the…

UNGA: US Chamber of Commerce to invest $320m to mortgages, SMEs in Nigeria Vice President Kashim Shettima US Chamber of Commerce to invest $320m to mortgages, SMEs in Nigeria. The United States Chamber of Commerce has expressed willingness to invest approximately $320 million in mortgage refinancing and Small and Medium Enterprises in Nigeria. This was disclosed in a statement issued by the spokesperson for Vice-President Kashim Shettima, Mr Stanley Nkwocha. Ms Nisha Biswal, Deputy Chief Executive Officer of the U.S. International Development Finance Corporation, made this known on Monday. The News Agency of Nigeria reports that Biswal spoke at a…

Yoruba filmmakers are most relevant in Nigeria’s film industry – Chude Jideonwo Chude Jideonwo Yoruba filmmakers are most relevant in Nigeria’s film industry – Chude Jideonwo “Can you name one Hausa or Igbo-language movie on Netflix or Amazon? The closest was Genevieve’s ‘Lionheart’ many years ago. Only Yoruba movies are able to exist on Amazon, Netflix and become mainstream cultural hits.” Prominent media personality, Chude Jideonwo, has stirred discussions by claiming that the biggest filmmakers in Nigeria hail predominantly from the Yoruba ethnic group. Jideonwo made this statement while reflecting on the dominance of Yoruba filmmakers in the country’s film…

Market value: Fidelity, UBA become top gainers as NGX adds N79bn Dealers at the Nigeria Stock Exchange Market value: Fidelity, UBA become top gainers as NGX adds N79bn. The Nigerian Exchange Ltd. (NGX) started the week on a positive note, as market capitalisation gained N79 billion or 0.14%, closing at N56.536 trillion from an opening value of N56.457 trillion. Similarly, the All-Share Index rose by 0.14%, adding 139 points to settle at 98,386.60 points, compared to 98,247.99 points posted on Friday. This boosted the Year-To-Date (YTD) return to 31.58%. The positive performance was largely driven by investor demand for stocks…

FG must end petrol subsidy so Nigerians can know nation’s real consumption Aliko Dangote Aliko Dangote, president of Dangote Group, says the federal government must end fuel subsidies completely now. Speaking in a 26-minute interview with Bloomberg Television in New York on Monday, Dangote said that subsidy removal will help to determine the actual petrol consumption in Nigeria and cut the government unnecessary expenditure. Dangote also disclosed ownership of two oil blocks in the upstream sector with an expected production date of next month. Africa’s richest man has set up a $20 billion oil refinery in Lekki, Lagos, with 650,000…

Telecoms: Digital services surges, VAT at 102% increase The World Bank, in 2023, credited the sector’s GDP growth to increased data usage. The growth of digital services has continued to surge despite Nigeria’s economic challenges, marked by reduced purchasing power, double-digit inflation, and high petrol prices. This is evident in the 101.80 percent increase in value added tax (VAT) revenue in the information and communication sector from the first half (H1) of 2022 to the same period in 2024. VAT, currently set at 7.5 percent, is a consumption tax subscribers pay after using services like calls, SMS, data, and more.…

Dangote expresses regrets not buying Arsenal when the opportunity was before him Aliko Dangote Dangote expresses regrets not buying Arsenal when the opportunity was before him though he had other pressing project to fulfill. Nigerian billionaire businessman, Alhaji Aliko Dangote, has regretted not buying the English premiership club Arsenal when it was valued at $2 billion. Dangote expressed his regret in an interview with Bloomberg. He said, “I think that time has passed. The last time when we had this interview, I told you as soon as I finish with the refinery, I am going to try and buy Arsenal.…