Author: Ifetayo Adeniyi

Nigeria’s internet speed positioned as seventh-fastest in Sub-Saharan Africa Nigeria has become the seventh-fastest country in Sub-Saharan Africa for internet speed with an average download speed of 27.62 Mbps. This is based on the 2024 Worldwide Broadband Speed Report, which Cable.co.uk published on Tuesday. According to tests of internet speeds conducted in 220 countries, Nigeria climbed up the world speed rankings from 133rd in 2023 to 132nd in 2024. Nigeria ranked seventh in Africa, after the top six countries of Réunion, South Africa, Eswatini, Rwanda, Mauritius, and Botswana. Réunion with an average internet speed of 63.29 Mbps led Sub-Saharan Africa;…

Stanbic IBTC Bank Expands Securities Lending Services to Include Fixed Income Securities Stanbic IBTC Bank Limited, the leading custodial and investor services company in Nigeria, proudly announces the extension of its securities lending services to include fixed-income securities. This significant development marks a new milestone in the Nigerian capital market, providing clients with enhanced opportunities for income generation and increased market liquidity. With this development, institutional clients, both local and international, can now borrow and lend not just equities but also fixed-income securities such as Federal Government Bonds and Treasury Bills, offering them greater flexibility and diversified investment options. Babatunde…

A tech company to generate 3,000MW of electricity from waste for Nigeria The initiative will begin with a pilot phase that aims to produce 500 megawatts in five states: Benue, Oyo, Rivers, Plateau, and the Federal Capital Territory (FCT). SectorLead Ltd, a Nigerian tech company focused on converting waste into energy, has announced plans to enhance the country’s electricity supply by generating 3,000 megawatts. Speaking in Abuja following the inauguration of the firm’s Board of Directors on Tuesday, Adedayo Mustapha, MD/CEO of SectorLead Ltd, noted that the vision of the firm is to transform Nigeria into the first “zero waste…

General Superintendent, Pastor Kumuyi Dismisses Relocation To UK Claims Pastor Williams Kumuyi, the General Superintendent of Deeper Life Bible Church, has denied reports that he relocated to the United Kingdom (UK). pastor kumuyiRecall that a few weeks ago, Kumuyi faced heavy criticism from many Nigerians over a claim that he had relocated to the UK after advising Nigerians to support the administration of President Bola Tinubu. Reacting through the Facebook page of Cross River State Deeper Life, the clergyman said he did not relocate to the UK but was travelling from country to country for his global crusade. Kumuyi urged…

Tinubu Formally Launches Student Loan Scheme President Bola Tinubu, on Wednesday, at State House, Abuja, formally launched the Student Loan Scheme. Special adviser to the President on Social Media, Dada Olusegun, said the launch marked the formal commencement of the programme’s implementation. The President had recently approved N35 billion for the scheme’s take-off, targeting 70,000 initial applicants. The Governing Board of the Nigerian Education Loan Fund (NELFund), chaired by Jim Ovia, approved the disbursement of loans to successful applicants during its inaugural meeting in Abuja last month. The student loan scheme, a flagship programme of the Tinubu administration, aims to…

Being Proud Of Her Country, First Class Graduate In UK Waves Nigerian Flag During Graduation Ceremony A first class graduate of Law from the University of Essex in United Kingdom has, in a patriotic move, waved the Nigerian flag to demonstrate her support for her home country during the school’s graduation ceremony held in the UK. The move, which has left some of her friends and family both home and abroad grinning from ear to ear, has also elicited reactions from others who do not think there is anything worth celebrating in the country. The student, Chisom Onumbu, a native…

UK APPOINTS NEW COUNTRY DIRECTOR TO LEAD UK-NIGERIA TRADE AND INVESTMENT RELATIONS The UK has appointed Mr. Mark Smithson the Country Director for the UK’s Department for Business and Trade (DBT) in Nigeria. He takes over from Chim Chalemera who recently concluded a 3-year posting in that role. Mark is an experienced civil servant having undertaken a wide variety of roles both in the UK and overseas. In this new role, he will lead on the UK-Nigeria’s trade and investment relations to deliver an increased high value inward investment and greater exports into the UK and Nigeria as well as…

HERITAGE BROOK, Luxury and Comfort Realtors Allow me to introduce you to Heritage Brook, our proposed luxury apartments development at the Lekki Free Trade Zone. It is an Off-Plan project which will include 1 bedroom, 2 bedroom apartments and 2 bedroom maisonette apartments, all with a boys quarters’. It has the likes of LEKKI FREE TRADE ZONE, DANGOTE REFINERY, LEKKI DEEPEN SEA PORT, NAVAL BASE, and the BEACH, as close landmarks. This Project has been designed to include features like: CENTRAL WATER SYSTEM ELEVATORS MINI MART GYM SWIMMING POOL CINEMA ESTATE SECURITY MULTI-LEVEL PARKING and more, to define it’s luxury…

AFRICANS TO BE PROUD OF THEIR CONTINENT, AISHA ACHIMUGU HAILS AFRICANS AS GREAT PEOPLE CREATED BY GOD Business magnate and Felak Concept Group CEO, Dr. Aisha Achimugu has urged Africans to be proud of their continent. The businesswoman stated this Saturday, 13 July when she received award at the 2024 African Achievers Awards in the House of Parliament, United Kingdom where she was honoured as the African Female Business Leader of the Year for her contributions to business sector in Nigeria and Africa as a whole. In her remark, Achimugu stated that Africans are great people created by God, affirming…

World PR Day: APRA advocates ethical, responsible use of AI The African Public Relations Association (APRA) has called on its members to leverage Artificial Intelligence (AI) tools and associated technologies for insights towards transformation of lives, the PR industry and contemporary life, with a caveat for ethical and responsible use of AI. This advice came in a message sent to members of the continental body by its president, Mr. Arik Karani. The message, which came in commemoration of the 2024 World Public Relations Day (World PR Day) and resonates with the theme of this year’s celebration, “The Future of Public…