Author: Ifetayo Adeniyi

Implementation Of New Tax-free Allowances For Varsities Commences ~ FG By Elegbede Abiodun The Federal Government has asked universities to begin the payment of the tax-free Consolidated Academic Tools Allowance across the country. Minister of Education, Dr. Tunji Alausa, who disclosed this in a memo sent to all federal Universities, said it was in fulfillment of the agreement reached between the Federal Government and university lecturers recently. The allowance, which ranges from a little over N1million annually for graduate assistants and assistant lecturers to over N3million for professors, is expected to bump up the take-home pay of university teachers.…

Pad Me A Girl Empowerment Foundation, Access Bank Reach IDP Camps with “Access Pad Me A Girl 2.0” Outreach The Pad Me A Girl Empowerment Foundation, in partnership with Access Bank, has carried out a multi-location humanitarian outreach under the “Access Pad Me A Girl 2.0” initiative, reaching vulnerable girls and women across Internally Displaced Persons (IDP) camps in Abuja, Benue, and Nasarawa States from February 6th to 9th, 2026. The weekend outreach covered Area 1 IDP Camp, Durumi (Abuja), Ortese IDP Camp (Benue State), and Kadarko IDP Camp (Nasarawa State), with a focus on promoting menstrual dignity, education,…

Stanbic IBTC Insurance Triumphs At 2025 Risk Analyst Awards, Showcasing Institutional Excellence Elegbede Abiodun Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has been recognised as one of Nigeria’s top-performing insurers, winning the Life Insurance category at the 2025 Risk Analyst Insurance Brokers Performance Review Awards. The award is part of Risk Analyst Insurance Brokers Limited’s annual assessment of insurance underwriters, which evaluates partners based on key criteria including claims settlement efficiency, service delivery, responsiveness, and broker–underwriter collaboration. The initiative aims to promote accountability, raise service standards, and strengthen trust across Nigeria’s insurance ecosystem. Stanbic IBTC Insurance Ltd’s…

LASEMA Announces Victim Enumeration Exercise Following GNI Fire Incident Lasema Help Desk / Enumeration Exercise.. in respect of burnt Great Nigeria Insurance Building Martins Street Balogun Market.. Venue Bero Hall Alausa Lagos 9th February 2027. The Lagos State Emergency Management Agency (LASEMA), in collaboration with the National Emergency Management Agency (NEMA), wishes to inform members of the public that a victim enumeration exercise has been scheduled as part of ongoing post-incident recovery efforts following the fire outbreak at the Great Nigeria Insurance (GNI) House on Martins Street, Lagos Island. Relatives of victims and individuals affected by the GNI fire incident…

inDrive Introduces New Advertising Patform; inDrive Ads, For Affordable Service Elegbede Abiodun inDrive, a global mobility and urban services platform, has introduced inDrive Ads, a new global advertising platform, to help the company grow sustainably, make its services affordable for people, while keeping commissions low for drivers. inDrive Ads, which is now live in the top 20 countries to the majority of our monthly average user base, is designed to strengthen the platform by generating new income streams, keeping its take rate among the lowest in the industry, and supporting long-term sustainability for riders, drivers, and local communities According…

Naira reclaiming regional dominance, ending FX scramble ~ Cardoso By Elegbede Abiodun Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has declared that the Naira is getting stronger as a dominant currency within the West African sub-region. Cardoso said this while speaking on the impact of ongoing monetary reforms at the National Economic Council (NEC) Conference in Abuja on Monday. He noted that restored currency stability has effectively ended the desperate scramble for foreign exchange, providing businesses and travellers with the predictability needed for long-term planning and regional trade. According to him, the Bank’s reforms have…

Manny Ita  – The French government has announced plans to send letters to all 29-year-olds in the country encouraging them to consider having children before it is “too late,” as part of a broader strategy to address a sustained decline in the national birth rate. The initiative, confirmed by the health ministry, will see hundreds of thousands of young adults receive what officials described as “targeted, balanced and scientifically based information on sexual and reproductive health.” According to the ministry, the objective of the letter is to raise awareness about fertility and reproductive timelines in order to “avoid the ‘if…

Manny Ita  – President Bola Ahmed Tinubu has assured Nigerians that the country will overcome the challenges of terrorism and banditry, describing the crimes as unacceptable and alien to the nation’s values. He spoke in Abuja on Monday while addressing participants at the National Economic Council conference on inclusive growth and sustainable national development, where he acknowledged that insecurity remains a major concern but stressed that his administration is determined to defeat it. “We will overcome this unacceptable terrorism and banditry. It’s not part of our culture. It’s foreign to us,” Tinubu said, adding that the security situation has kept…

Global GDP contributors: IMF ranks Nigeria between top 1 and 10 Elegbede Abiodun • Economists say the ranking shows Nigeria’s ability to attract investment. Nigeria has been ranked among the top 10 contributors to global GDP growth in 2026, according to projections by the International Monetary Fund (IMF). The country’s performance highlights its growing economic importance on the global stage and reinforces its position as one of Africa’s fastest-growing economies. According to a post obtained from the National Orientation Agency’s X handle on Monday, the IMF projects that Nigeria will contribute approximately 1.5% of global real GDP growth in…

CBN, NCC to end airtime transaction failures, unveil framework Elegbede Abiodun * The draft framework has been exposed to banks, other financial institutions. The Central Bank of Nigeria and the Nigerian Communications Commission have unveiled a joint framework to tackle the growing problem of failed airtime and data transactions, which have left consumers frustrated after payments are processed without service delivery. The 20-page draft, published on the CBN’s website on Monday, was developed by the CBN’s Consumer Protection & Financial Inclusion Department and the telecom regulator, with input from banks, mobile operators, payment providers, and other stakeholders. The regulators…