Author: Ifetayo Adeniyi

Domestic US Dollar Bond: What you need to know Domestic US Dollar Bond: What you need to know The Federal Government of Nigeria (FGN) has introduced a Domestic US Dollar Bond, an innovative financial instrument designed to attract both local and international investors. This bond, part of the government’s financing initiatives and will remain open until August 30, 2024, giving investors a sufficient window to participate in this offering. This article aims to provide a comprehensive overview of what the bond entails, its purpose, and how investors can participate. What is the Domestic FGN US Dollar Bond?  The Domestic FGN…

See fintechs driving e-payment companies around See fintechs driving e-payment companies around you in Nigeria. E-payment growth has surged in Nigeria, with transactions growing by 88.09 percent to N237 trillion in the first quarter (Q1) of 2024. Cashless transactions hit more than N600 trillion in 2023, up from N395.38 trillion in 2022, as more people embraced digital payment gateways. “In Nigeria, real-time payments are quickly becoming a viable alternative to cash, historically the dominant choice for payments in the country,” said ACI Worldwide in a report titled ‘Prime Time for Real-Time Global Payments.’ According to analysts, more Nigerians will continue…

LAPO Microfinance Bank Limited Appoints Ms. Angela Eneze Omeiza as Independent Non-Executive Director LAPO Microfinance Bank Limited is pleased to announce the appointment of Ms. Angela Eneze Omeiza as an Independent Non-Executive Director, effective 17th July, 2024. Ms. Omeiza brings a wealth of experience and expertise to the Board, further strengthening the bank’s commitment to excellence in Governance and Social Responsibility. Ms. Angela Omeiza holds a Bachelor’s Degree in Commercial Law from the University of Westminster, UK (2007), and a Master’s Degree in Commercial & Corporate Law from Queen Mary, University of London, UK (2008). She is a Barrister-at-Law, having…

FG making arrangements to give legal backing to whistleblowing policy FG making arrangements to give legal backing to whistleblowing policy “No stone would be left unturned to ensure that a legal framework is put in place to drive the implementation of the policy.” Plans are underway by the Federal Government to give legal backing to the whistleblowing policy that was first instituted on December 21, 2016. This was disclosed on Wednesday by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, at a one-day workshop on the sensitisation of whistleblowing policy in Nigeria, issues, challenges, and…

Final Journey: PFN, Family, Friends Pay Tributes To Departed Popular Edo Evangelist, Malachi It was an outpour of tributes on Wednesday as members of the Edo State Pentecostal Fellowship of Nigeria (PFN), family, friends, well-wishers and worshippers as they recounted the life and times of the spiritual leader and founder of Oasis of Fulfilment Ministries International Incorporated, late Evangelist, Mrs Gladys Ifueko Malachi, in Benin City, Edo State. Mrs Malachi answered the call to glory on Thursday 11th July, 2024 at the age of 60. She was a trailblazing woman of faith, respected and cherished religious leader. The beloved Evangelist…

UEFA 2024/25: Draw holds Thursday in Monaco UEFA Champions League The draw for the league phase will take place in Monaco on Thursday, August 29. As the 2024/25 UEFA Champions League gears up for its historic 36-team league phase, excitement is at an all-time high. This is as the UEFA Europa League and UEFA Conference League draw will also take place. A statement from the UEFA website on Tuesday confirmed the clubs that have already qualified for the 2024/25 Champions League league phase, along with those whose fate will be determined in tonight’s playoff matches. “We look ahead to a…

Billionaire, Johann Rupert of South Africa, leads Africa’s richest man’s chart Johann Rupert Billionaire, Johann Rupert of South Africa, leads Africa’s richest man’s chart. He has displaced the President of the Dangote Group, Aliko Dangote, to become the richest man in Africa. Dangote, who had maintained the top position for several years, saw his wealth drop by $1.7 billion year-to-date in the latest Bloomberg Billionaires Index, on Wednesday as Rupert’s wealth increased by $1.87bn year-to-date. The 74-year-old South African controls the world’s largest luxury watchmaker, Cie Financiere Richemont, through a family trust. The Bellevue, Switzerland-based company’s brands include Jaeger-LeCoultre and…

Lagos Red Line rail begins operations on Wednesday Lagos Red Line Today, Wednesday, Lagos Mass Transit Red Line Rail will begin partial operations. “From Wednesday, August 28, the Red Line system will interact with non-fee-paying passengers in organised groups to collect feedback before the commencement of commercial operations.” It is also a transport project connecting Lagos with Ogun State as many workers and business owners in Lagos reside in Ogun This was announced by the spokesperson for the Lagos Metropolitan Area Transport Authority, Kolawole Ojelabi, in a Tuesday statement. The trains will convey passengers freely and run four trips a…

Oyo govt moves into investing N850m in sugar factory, approves grant to university Seyi Makinde “The sugar plant currently valued at N4.9billion is at 90 per cent completion, and will be completed next year,” he said. The Oyo State Executive Council, on Tuesday, approved N850m as an investment in the Oyo Sugarcane Processors Limited, Iseyin through the state-owned Pacesetter Holdings Limited. The state Commissioner for Information, Dotun Oyelade, and his counterpart from the Ministry of Education, Science and Technology, Saliu Adelabu, briefed journalists of the outcome at the secretariat, Agodi in Ibadan, the state capital. Oyelade said the government also…

Rema is back to Benin for his homecoming concert  Rema The concert, which will take place at the Samuel Ogbemudia Stadium, on August 30th was first announced by the Ozeba crooner in July. Afrobeats sensation Divine Ikubor, also known as Rema, has arrived his hometown of Benin, Edo state, ahead of his highly anticipated homecoming concert. His record label, Mavin, on Tuesday, shared a video of his arrival on X.com, captioned “Benin, your illustrious son; The Prince of Afrobeats – Rema is Home!” This is coming after Governor Obaseki’s previous attempt to host Rema in December 2023 was cancelled due…