Author: Ifetayo Adeniyi

Lagos International Trade Fair 2024: Sanwo-Olu welcomes foreign investors to partnership that will add value to Lagos L-R: Deputy President, Lagos Chamber of Commerce and Industry (LCCI), Engr. Leye Kupoluyi; Chief Executive Officer, Tafawa Balewa Square Management Board, Mrs. Lucia Shittu; Lagos State Deputy Governor, Dr. Kadri Obafemi Hamzat and President of the Lagos Chamber of Commerce and Industry, Mr. Gabriel Idahosa during the Opening Ceremony of the Lagos International Trade Fair 2024 held on Friday at the Banquet Hall, Tafawa Balewa Square, Lagos. Sanwo-Olu welcomes foreign investors to partnership that will add value to Lagos. Lagos State Governor, Mr.…

Transcorp Power ready to improve to 150MW amidst gas shortages Transcorp Transcorp Power ready to improve to 150MW amidst gas shortages. Owen Omogiafo, the Group Chief Executive Officer of Transcorp Group, has revealed that Transcorp Power is aiming to generate an additional 150 megawatts of electricity, despite ongoing challenges with gas supply for its thermal power plants. Omogiafo shared this update during an interview with Arise News at the Future Investment Initiative conference in Saudi Arabia. She highlighted that Transcorp recently signed a memorandum of understanding with the Rural Electrification Agency to boost power generation through renewable energy. She said:…

PRESIDENT TINUBU EXTOLS, CONGRATULATES DR ADEDUNTAN, AS FIRST BANK CELEBRATES EX-GROUP CEO President Bola Ahmed Tinubu President Bola Ahmed Tinubu congratulates Dr Adesola Adeduntan, the retired Group Chief Executive Officer of First Bank Nigeria Limited, for his exceptional service at Nigeria’s oldest bank. In celebration of Adeduntan’s remarkable tenure, the 130-year-old First Bank will host a special send-off ceremony this weekend, expressing gratitude for his contributions over the past nine years. President Tinubu commends him for steering the bank through transformative growth, which includes expanding customer accounts from 10 million to over 42 million and elevating Profit Before Tax…

MoneyMaster: Customers to get 10% bonus on data MoneyMaster’s customers to get 10% bonus on data. Customers of MoneyMaster Payment Service Bank (MMPSB), Nigeria’s top payment service bank, will now enjoy an attractive 10 percent data bonus offer. The bank’s commitment to enabling Nigerians to manage their finances through effective offers that make every naira matter is clearly demonstrated through this project, which aims to reward devoted clients and attract new ones. Glo customers can access the promotion using a number of banking channels, including as the MoneyMaster PSB app, MoneyMaster PSB Web banking, and the USSD banking code *995#.…

Speaker Of Lagos, Presents Vehicles To Lagos Assembly Senior Staff Speaker Of Lagos, Presents Vehicles To Lagos Assembly Senior Staff. The Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, has presented official vehicles to staff of the Assembly in the directorship cadre. The presentation of the cars is the second in a row coming a few weeks after some senior staff were handed the keys to their own cars as part of the efforts of the leadership of the House to bolster productivity and service delivery to the legislative arm and the state. The beneficiaries include…

Primate Ayodele’s Prophecy received fulfilment on Globacom  Primate Elijah Ayodele Primate Ayodele’s Prophecy received fulfilment on Globacom – CEO. For the first time since Globacom began operations in 2003, Mike Adenuga, the founder, would be stepping down as the Chief Executive Officer for someone else to take over. According to confirmed reports, the Indigenous telecommunication giant has appointed Ahmad Farroukh as its new CEO. This is part of the Nigerian Communications Commission (NCC) ‘s efforts to strengthen corporate governance in the telecoms industry. People close to the matter noted that there has been a considerable shift in how the telco…

25m Nigerians Given ₦25,000 Conditional Cash Transfer – Edun Wale Edun  25m Nigerians Given ₦25,000 Conditional Cash Transfer. The Federal Government through the Ministry of Finance has said 25 million Nigerians have so far received the ₦25,000 conditional cash transfer. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this on Thursday shortly after the National Economic Council (NEC) meeting. According to him, five million households have benefited from the direct transfer. Edun further listed steps taken by Tinubu’s administration to provide relief for Nigerians following the removal of subsidies and other policy reforms being implemented…

Wema Bank Shows Q3 2024 Unaudited Results… Records Profit Before Tax – ₦60.62billion, 174% YonY Growth Wema Bank Shows Q3 2024 Unaudited Results… Records Profit Before Tax – ₦60.62billion, 174% YonY Growth. Wema Bank Nigeria (“Wema” or “the Bank”)) has released its unaudited Consolidated Financial Statements for the period ended September 30th 2024, to the Nigeria Exchange Group (NGX). The Bank reported profit before tax of ₦60.62bn, representing an increase of 174% over the ₦22.13bn recorded in the corresponding period in 2023. Wema Bank’s balance sheet remained well structured with total assets growing by 38% to ₦3,084.27 trillion in Q3…

President Tinubu Obtains Letters Of Credence From Ambassadors Of Three Countries …to facilitate deeper bilateral collaborations in areas including trade, technology, and cultural exchange. President Tinubu Obtains Letters Of Credence From Ambassadors Of Three Countries. President Bola Ahmed Tinubu on Thursday, October 31, officially received Letters of Credence from the newly appointed ambassadors of three nations. President Tinubu received these letters from the Republic of France, the People’s Republic of China, and the Kingdom of Denmark at the State House in Abuja. This significant diplomatic event strengthens Nigeria’s international relations and underlines its commitment to fostering cooperation with global partners.…

Ekiti celebrates as Remi Tinubu introduces Renewed Hope Food Initiative Remi Tinubu Ekiti celebrates as Remi Tinubu introduces Renewed Hope Food Initiative to various categories of vulnerable people. Nigeria’s First Lady and National Chairman of Renewed Hope Initiative (RHI), Senator Oluremi Tinubu, on Thursday launched the Renewed Hope Initiative (RHI) Food Outreach in Ekiti State, with the distribution of food items to people with disabilities, widows, special schools, and other vulnerable groups in the state. She also reaffirmed her commitment to uplifting women and vulnerable communities across the country. Speaking while performing the symbolic presentation of food items to the…