Author: Ifetayo Adeniyi

As of today, here are Nigerian billionaires in oil and gas industry sector Each of these billionaires not only contributes to Nigeria’s economic vitality but also exemplifies the global intersection of wealth, industry, and innovation in the energy sector The Nigerian oil and gas industry is a cornerstone of the nation’s economy, significantly impacting both regional and global energy markets, with several billionaires shaping its landscape through substantial investments and strategic leadership. Nigeria, as Africa’s largest oil producer, contributes about 2.5 million barrels per day to the global oil supply as of 2023, positioning it as a key player in…

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Troost-Ekong Set For Saudi Pro League Move Ekong on a two-year contract with the option of a further 12 months. Nigeria’s national soccer team captain William Troost-Ekong is expected to join Al Kholood of the Saudi Pro League from Greek side PAOK. The clubs have agreed a deal in principle worth in the region of €1.2million ($1.3m) for the defender, which is subject to final approval from the Saudi club and league. Troost Ekong, 30, has agreed a two-year contract with the option of a further 12 months and, is on his way to Saudi Arabia to complete the deal.…

Palliative: Lagos distributes 20,000 bags of food items to religious bodies 20,000 bags of Onje Eko was being distributed, with 10,000 bags for the Muslim bodies and 10,000 bags for the Christian bodies. The Lagos State Government on Wednesday began the distribution of 20,000 bags of food items to religious bodies in the state to cushion the effect of hardship in the land. The distribution is being carried out by the Ministry of Home Affairs on behalf of the state government. Ten thousand bags, comprising 10kg of rice, 5kg of beans and 5kg of garri, are being distributed to the…

To Maximize Idle Funds, Earnipay Introduces High-Yield Business Accounts for SMEs in Nigeria Earnipay…. making it possible for all businesses, regardless of size or industry, to earn significant returns on their idle funds. In a significant move for small and medium enterprises (SMEs) in Nigeria, Earnipay has launched its high-yield business accounts. This new offering is designed to provide SMEs with competitive interest rates on their idle funds, addressing the gap left by traditional banks. Addressing the Shortcomings of Traditional Banking Traditional banks in Nigeria have long benefitted from earning substantial interest on the cash balances held in business accounts,…

MSMEs: FG offers 15% logistics services discount … response to feedback from SMEs regarding the high cost of logistics and its negative impact on sales. As part of efforts to improve business conditions, expand sales, and lower operational costs for Small and Medium Enterprises in Nigeria, the Federal Government through the Small and Medium Enterprises Development Agency has offered a 15 per cent discount on logistics to help small businesses cut their transportation expenses. This initiative, in partnership with the Nigerian Postal Service, aims to enhance business conditions, boost sales, and reduce operational costs and will commence on August 26.…

MSMEs: FG offers 15% logistics services discount … response to feedback from SMEs regarding the high cost of logistics and its negative impact on sales. As part of efforts to improve business conditions, expand sales, and lower operational costs for Small and Medium Enterprises in Nigeria, the Federal Government through the Small and Medium Enterprises Development Agency has offered a 15 per cent discount on logistics to help small businesses cut their transportation expenses. This initiative, in partnership with the Nigerian Postal Service, aims to enhance business conditions, boost sales, and reduce operational costs and will commence on August 26.…

Ooni inaugurates foundation to address truancy, out-of-school syndrome in South-west @50th Birthday “The programme will enable us to harness the opportunity provided by the established traditional structure to work with the school systems to prevent and control truancy, increase school enrollment and bring all stakeholders together for the overall success of school children,” Mr Adeyeye stated. The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, has inaugurated a foundation for traditional rulers’ intervention in truancy prevention, school enrollment and engagement. The foundation is expected to officially unveil plans and programmes to combat the out-of-school menace in South-west Nigeria, with the addition…

Lawmaker monthly salary, allowances of senators “Given the increase effected, in the Senate, each senator gets N21 million every month as running cost,” Mr Sumaila said. Each Nigerian senator earns at least N21 million monthly in running costs, salaries, and allowances in a country where a worker’s minimum wage is N70,000. The senator representing Kano South Senatorial District, Kawu Sumaila, disclosed this in an interview with BBC Hausa on Wednesday morning. Mr Sumaila, a member of the New Nigeria Peoples Party (NNPP), said his monthly salary is less than N1 million. Still, when the running cost is included, he earns…

DANGOTE CEMENT INTRODUCES STUDENTS INDUSTRIAL INTERNSHIP SCHEME  L-R: Dean School of Technology, Yaba College of Technology, Engr. Ajiboshin Isaac; Rector, Yaba College of Technology, Dr. (Engr.) Ibraheem Adedotun Abdul; National Sales Director, Dangote Cement Plc, Funmi Sanni; and Regional Sales Director, Lagos/Ogun, Dangote Cement Plc, Tunde Mabogunje during the launching of Dangote Cement Plc Internship Scheme partnership with Yaba College of Technology in Yaba Lagos on Wednesday, August 14, 2024. Dangote Cement Plc has launched a novel Internship Scheme for students of tertiary institutions in the country that will see the students undergoing a one-year internship fully funded by the…