Author: Ifetayo Adeniyi

CBN: Inactive 10-year accounts are classified as dormant, for investment purpose • Eligible accounts are dormant account balances that have remained with the FIs for 10 years or more. The Central Bank of Nigeria has clarified that only accounts that have been inactive for over 10 years are eligible to be classified as dormant and will be used for investment purposes. It also stated that a dedicated office would be created to manage dormant accounts and unclaimed balances. The apex bank disclosed this in its recently issued document titled, “FAQs – Guidelines on Dormant Account and Unclaimed Balances – July…

Telcos commences final phase of SIM disconnection, NIN linkage  Source: Forbes Telecommunication companies in Nigeria have commenced the final phase of disconnecting Subscriber Identity Module numbers (telephone lines) not linked to National Identification Numbers. Two senior officials from the telcos who were not in a position to speak publicly on the matter confirmed this development to The PUNCH on Sunday. The disconnection was initially scheduled for April 15, 2024, but the Nigeria Communications Commission postponed it to July 31, 2024, after carefully considering the various challenges encountered by subscribers and requests for extensions. “This is not only about MTN; it’s…

Soludo at 64, APGA national chairman extols his virtues and achievements … stressing that “under his leadership, APGA has seen a revitalization and rebranding, positioning itself as a formidable force in Nigerian politics. ” As the Anambra State governor, Prof Chukwuma Soludo marks his 64th birthday today, the National Chairman of his party, the All Progressives Grand Alliance, APGA, Sly Ezeokenwa, has extolled his outstanding virtues, describing him as a visionary leader, trail blazer, and one with unwavering commitment to fiscal responsibility and transparency. He said Soludo’s tenure has been a mosaic of significant achievements in all sectors, particularly in…

PLWDs shower praises on Uzodimma, FRSC on collaboration in inclusivity initiatives FRSC Orlu Unit Commander, Joshua Ohagwa presenting a gift to the Orlu PLWD Coordinator People living with disabilities, PLWDs, have commended the Imo State Governor, Senator Hope Uzodimma and the Federal Road Safety Commission for their collaboration on inclusivity initiatives mainstreaming them into official activities with attendant benefits. The group gave the commendation at a one-day road safety sensitisation seminar organized by the RS9.41 Unit of the FRSC, Imo Sector, for People With Disabilities in collaboration with the state government and other sponsors. In his remarks at the event,…

Zulum Distributes Foodstuff, Agric Input To 35000 Borno Male Heads of Household Borno State Governor, Babagana Zulum, has supervised the distribution of food items and agricultural inputs to over 35,000 male heads of household in Monguno local government area of the state. Each of the 35,000 beneficiaries received one bag of 25kg of rice and cowpeas to enable them cultivate their farmlands. Zulum revealed that the rice package was part of the 20 trucks donated by the federal government to the state to alleviate the hardship faced by people due to high cost of food items. He said: “We are…

Lawmaker diaspproves, Dangote refinery oil not inferior to foreign products …wondered why a regulator would go all out to frustrate the efforts of his country’s entrepreneur to give foreigners the oxygen to continue to run their imperialistic businesses in the country. The Deputy Spokesman of the House of Representatives, Hon Philip Agbese, has defended the Dangote Refinery and Petrochemicals Company against allegation that products of the refinery are inferior to the imported quality. Agbese insisted that the allegation was part of desperate efforts by some persons to demarket the indigenous company for the selfish interest of saboteurs who are bent…

Eniola Badmus, SA To Speaker Tajudeen Abbas, Officially Takes Up Position Eniola Badmus Nollywood actress Eniola Badmus has officially begun her duties as the Special Assistant on Social Events and Public Hearing to the Speaker of the House of Representatives of Nigeria, Tajudeen Abbas. … she can be seen standing attentively behind Speaker Tajudeen Abbas, actively engaged in her duties. The news of Badmus’ appointment first gained widespread attention on May 10 when photos of her receiving her appointment letter went viral. Confirming her new role, Badmus took to her Instagram account to share, “It’s Official. SA to the Speaker…

Obokun skills acquisition programme, 200 women participating The training is designed to provide practical knowledge and skills necessary for successful entrepreneurship. In a significant step towards empowering young women in the Obokun State Constituency, the Adewumi Adeyemi Foundation, in collaboration with the Enterprise Development Center (EDC) of Pan-Atlantic University, has commenced the first phase of a comprehensive entrepreneurship training program. The initiative, which began this week, aims to equip participants with essential entrepreneurial knowledge and skills, fostering economic self-reliance and sustainable development. The initial phase of the program saw 200 young women selected from a large pool of applicants to…

Obaseki, CAN, PFN, Others, Flag Off Second Phase Of Christian Feeding Programme Obaseki noted that the scheme has nothing to do with politics as it’s being handled by the Church itself. Edo Governor Godwin Obaseki alongside leaders of the Christian Association of Nigeria (CAN), Pentecostal Fellowship of Nigeria (PFN), and other Christian bodies in the state have flagged off the second phase of the Christian Feeding Programme (CFP) as 56,250 of 10KG rice will be distributed across the three senatorial districts to alleviate the sufferings of the people. The governor who kicked off the distribution in Edo South Senatorial District…

Olympics 2024: Nigerians get data roaming packs from Glo Nigerians who are already in France or preparing to go for the one-month long summer Olympics in Paris, France, can “flex” like true champions with great data roaming packs from Globacom. The data roaming packs will help Glo subscribers capture incredible Olympics photos and videos and other great moments of their presence at the global sporting fiesta which holds every four years. They can also share such moments with friends and loved ones back home in Nigeria or in any part of the world. The Glo Data roaming packages will give…