Author: Ifetayo Adeniyi

Dividend: FCMB Group proposes 50 kobo for shareholders as full year profit soars by186% FCMB Group recorded profit before tax of N104.4 billion for the year ended December 31, 2023. The record profit represents 186 percent year-on-year (YoY) increase compared to N36.6 billion in 2022. It grew earnings across its business segments: Banking Group ( 212.6 percent ), Consumer Finance (67.3 percent), Investment Management (40 percent), and Investment Banking (89.7 percent). For the year under review, FCMB Group has also proposed a dividend of 50 kobo per share for its shareholders Leveraging its core banking business, the Group facilitated over…

Paul Tao: Celebrating the Great Maestro at 70! Paul Morayo Tao Elshaddai is an icon in the Nigerian music industry, a maestro whose dedication to his craft spans decades. His mastery of the 12-string guitar stands as a testament to his unparalleled talent, having graced countless collaborations with musicians both locally and internationally. Once a renowned Juju musician, now an Evangelist, Ebenezer Obey bestowed upon him the fitting moniker “Morayo,” acknowledging his exceptional prowess. Approaching his 70th birthday on June 29th, 2024, the Nigerian music scene gears up for a grand celebration at the prestigious Civic Center in Lagos. This…

International story as two Kenyan inventors produce bio-robotic prosthetic arms from waste for people with disabilities Hope arise for the disabled from Kenya as creativity surges. Two young Kenyan inventors have invented bio-robotic prosthetic arms from waste materials to help improve the lives of the physically challenged people in 2021. Both David Gathu and Moses Kiuna were at the age of 29 when they designed a bio-robotic prosthetic arm in helping the people that have lost their limbs. Recounting their ordeal before venturing into the invention, the duo said they were forced to drop out of college because of the…

PortHarcourt – Aba rail route begins lucrative operations on May 7, 2024 – NRC High expectations as operations starts. The Nigerian Railway Corporation (NRC) has observed that the rehabilitated Port Harcourt-Aba rail route will be lucrative, as it has concluded plans to resume full commercial operations on Tuesday, May 7, 2024. Onyedikachi Onovo, district public relations officer, Eastern District of the NRC, in a telephone interview with BusinessDay, on Wednesday, said that NRC expects better patronage from the route, stressing that with refurbished coaches and new tracks that the Cooperation expects nothing less than a rise in patronage. According to…

Actress Eniola Ajao reveals her 21-year-old son Bringing surprises to Nollywood lovers and colleagues, Eniola shows up with the true colour of her identity. Nollywood actress, Eniola Ajao, has revealed why she kept her 21-year-old son, Ayomide Daniel, away from social media. Ajao said the decision was taken even before she ventured into the movie industry, adding that it was supposed to stem off stigma attached to being a single mother. “It was something I decided a long time ago before I even considered pursuing a career in the entertainment industry. “When I had him, I worried that no man…

Moment between Gov Alex Otti and Olumide Apata, the Governorship candidate of Labour Party in the upcoming Edo Governorship election Spent quality time this morning in Umuahia with my friend and brother, H.E. Dr. Alex Otti, the Governor of Abia State. Our meeting allowed me to bring him up to speed on the progress we’ve made so far in the upcoming Edo elections, following the official commencement of campaigns. I also gained valuable insights into how he has adeptly managed Abia’s affairs within a short time and with limited resources. Having worked professionally with Dr. Otti during his stellar banking…

Sterling Bank CEO touches on purpose-driven leadership for positive transformation • He stresses the leadership ability as a catalyst for economic growth. Chief Executive Officer of Sterling Bank Limited, Abubakar Suleiman, has called for a purpose-driven leadership society to deliver a transformative impact. According to a statement from the bank, Suleiman made this call while delivering an enlightening discourse on leadership during the Lagos Leadership Summit 2024, powered by the Lateef Jakande Leadership Academy. In his address, Suleiman highlighted the concept of leadership as a catalyst for change—a force that propels individuals and organisations towards a shared vision of progress…

Forbes: Nigerian Makes List of America’s Top 200 CPAs Nigerian-American Orume Agbeyegbe-Hays, is among America’s top Certified Public Accountants (CPAs) released by Forbes. Agbeyegbe-Hays is the Founder and CEO of the New York-based Hays CPA, making waves in the accounting profession in the United States. Her recognition on Forbes’ inaugural “America’s Top 200 CPAs” list underscores her drive for excellence, innovation, and inclusion. This achievement follows her 2022 and 2023 awards as one of the 25 Most Powerful Women in Accounting by the AICPA and CPA Practice Advisor Magazine, as well as her recognition as a 2023 Top 50 Women…

Governor Obaseki reveals the plan to make use of AI in governance Edo State Governor, Godwin Obaseki For smooth running of activities in governance, Obaseki opens up on next move in technology application. Governor Godwin Obaseki of Edo has hinted that the state government will soon commence the use of artificial intelligence in governance. He gave the hint on Wednesday while addressing the Labour movement on the occasion of the observance of the Workers’ Day. According to him, “I can only predicts that from a very few years or if not months, that Edo State will begin using Artificial Intelligent…

Petroleum: Raising Oil Production by 700,000bpd, NUPRC advances to Speed Up Approvals for Divesting IOCs … Nigeria adding about 700,000 barrels per day to production when fully expedited. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is moving to speed up the conclusion of regulatory oversight on the ongoing oil assets divestment by International Oil Companies (IOCs). With the process now fully expedited, it was gathered that when concluded, Nigeria would add at least 700,000 barrels per day to its current daily production volume, to hit about 2 million bpd before the end of the year. Many of the new investors,…