Author: Ifetayo Adeniyi

Nigeria investors, tourists will get visa within 48hrs – Mohammed Nigeria is taking its tourism and economic activity to another level as it assures potential investors and tourists of fast visa approval. This was made known by Mohammed Idris, Minister of Information and National Orientation on Tuesday during the FEC meeting held at the Council Chambers of the Presidential Villa, Abuja. “Our visa processes are becoming cumbersome…The ease of doing business is also tied to our visa processes. “Going forward, those investors, tourists would find it easy to acquire a visa within the next 48 hours,” Idris said at the…

Fastest growing companies: 25 Nigerian firms make the list Twenty-five companies in Nigeria have been listed in a ranking by the Financial Times and research company Statista among the fastest-growing companies in the country. BusinessDay was a cooperation partner in the research. The ranking, now in its third year comes against a background in which many economies are struggling to recover from the Covid pandemic. It lists 125 companies, ordered by the highest compound annual growth in revenues (CAGR) between 2019 and 2022. The Nigerian firms are Omniretail, Moniepoint, Afex Commodities Exchange Limited, Mycredit Investments Limited, Alpha Morgan Capital Managers…

Support for 5,000 NYSC members with N10 Million each – FG The Federal Government has announced plans to provide financial support to at least 5,000 National Youth Service Corps (NYSC) members, offering N10 million each to help them launch entrepreneurial ventures after completing their service. Jamila Ibrahim, Minister of Youth Development made this announcement during the inaugural meeting between NYSC management and leaders of Corps Producing Institutions (CPI) in Abuja on Monday. “The focus of these reforms is to instill an entrepreneurial mindset and make skills development the core of the program,” Ibrahim stated. “The National Youth Skills program will…

At KABAFEST, The Alternative Bank Commits To Championing Arts, Culture Championing the Arts and Culture at KABAFEST, the Alternative Bank ready to be a catalyst. The Alternative Bank has reaffirmed its role as a catalyst for change in advancing Culture and the Arts, as evidenced at the recent Kaduna Book and Arts Festival (KABAFEST). In a goodwill message from the bank’s Executive Director Garba Mohammed, the institution underscored its commitment to supporting the creative sector and empowering artistic talent nationwide. “The Alternative Bank is proud to support the Kaduna Book and Arts Festival as part of our broader commitment…

With Victor Boniface, Leverkusen have now gone 50 games unbeaten Super Eagles forward Victor Boniface was on target for Bayer Leverkusen in their 5-0 victory over Bochum in a Bundesliga game on Sunday. With the win, Leverkusen have now gone 50 games unbeaten. The Xabi Alonso side who are already champions of the German topflight are now within one game of completing the first part of an invincible treble. If Leverkusen avoid defeat in their final league game of the season – at home to Augsburg next Saturday – they will become the first team to go through a Bundesliga…

DANGOTE INDUSTRIES’ VICE-PRESIDENT, DEVAKUMAR BAGS ICON AWARD Members of the Democratic Youth Assembly of Nigeria (DYAN) have visited the Vice-President, Oil and Gas, Dangote Industries Limited (DIL), Mr. Devakumar Edwin, in his office at the corporate Headquarters of the Pan-African Conglomerate in Lagos during which they presented him with an award of “Icon of Delight Service” in recognition of what they described as his contributions toward Societal Development, Human Upliftment and Selfless Service to Humanity. Director of Programme and Strategy, Democratic Youth Assembly of Nigeria, Ambassador Muhammad Adamu (left)presenting an award of “Icon of Diligent Service” to Vice President, Dangote…

MainOne Succeeds In Restoration Of Submarine Cable System, Overcoming Disruption MainOne, a leading provider of undersea fibre optic internet connectivity in West Africa, has successfully repaired its submarine cable system. The cable fault, which occurred on March 14, 2024, disrupted internet services across the region. MainOne, now part of Equinix, collaborated swiftly with regional partners, maintenance providers, vessel owners, and permitting authorities to expedite the repairs. Their combined efforts ensured the swift restoration of the cable system with the utmost integrity. To minimize customer impact during the outage, MainOne implemented rerouting measures and provided additional network capacity. Funke Opeke, MainOne’s…

UBA’S OLIVER ALAWUBA RECEIVES VOTE OF CONFIDENCE BY STAKEHOLDERS In an exciting turn of events, the Managing Director of United Bank for Africa Plc (UBA Group), Oliver Alawuba, has been given a vote of confidence by stakeholders and the management team. The financial results for the first quarter ended March 31st, 2024, have shown remarkable growth across key performance measures, solidifying the confidence in Alawuba’s leadership. Building on the strong momentum of 2023, Alawuba has continued to execute the UBA Group’s long-held strategy of customer focus, geographic diversification, and effective risk management and governance. His unwavering commitment to sound governance,…

Transcorp to Sustain Profitability with Six Strategic Pillars The management of Transnational Corporation Plc (Transcorp), has highlighted six strategic pillars to sustain its growth momentum in 2024 financial year and beyond. The Group in its unaudited first quarter (Q1) ended March 31, 2024, results declared N199.99 billion gross earnings, a growth of 47.32 per cent from N133.72 billion reported the previous year. The leading conglomerate listed on the Nigerian Exchange Limited (NGX) announced N45.68billion profit before tax, an increase of 1,501 per cent from N2.85 billion reported in Q1 2023, while profit stood at N35.92 billion in Q1 2024, a…

Nwafor, SLTV MD, Bags ‘Salute to Courage Award’ Dr Ifeanyi Nwafor, Managing Director of Metrodigital Limited, owners of Silver Lake Television (SLTV), indigenous Nigerian satellite pay television, has received ‘Salute to Courage Award’(SACA) for his resilience and patriotic stance in ensuring that Nigerians enjoy good but affordable pay TV service. Nwafor was honored with the award at the SLTV Post Launch Reception organised by Camroll Quest Limited in collaboration with friends and associates of the SLTV boss during the weekend in Abuja. Recall that the Federal Government, in a bid to offer Nigerians alternatives and enhance competition in the satellite…