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First City Monument Bank (FCMB) is working with EStars to bring esports education to Nigerian schools. They want to introduce Nigerians aged 7 to 14 across primary and secondary schools to essential skills for thriving in a digital world early in life. EStars launched its educational esports platform in Nigeria on July 16. The platform ...
The Senate has confirmed the appointment of Omolola Oloworaran as the Director-General of the National Pension Commission (PenCom). The confirmation follows the consideration and adoption of the Senate Committee on Establishment and Public Service’s report during Thursday’s plenary. In July 2024, President Bola Ahmed Tinubu appointed Oloworaran as the acting Director-General of PenCom, pending Senate ...
A total sum of N77.5 million in prize money was won at the end of a keenly contested hackathon session at the Fourth Edition of the Zenith Tech Fair, themed “Future Forward 4.0: Embedded Finance, Cybersecurity & Growth Imperatives – The Impact of AI,” which held on Thursday, November 21, 2024, at the Eko Convention ...
...Shippers Council decries low technological advancement in port operations The Centre for the Promotion of Private Enterprises (CPPE) has once again criticised the National Bureau of Statistics (NBS) for its failure to provide comprehensive and essential data on the Marine and Blue Economy subsector of Nigeria’s shipping industry. The CPPE expressed concern that the lack ...
By Mathew Dennis The Federal, State, and Local Government councils shared a total of N1.411 trillion in October 2024 from the federation account, the Office of the Accountant General of the Federation has disclosed. The revenue was disbursed to the three arms of government as the Federation Accounts Allocation Committee (FAAC) held its November 2024 ...
As part of its commitment to deepen the growth and sustainability of micro, small and medium-scale enterprises (MSMEs) on the continent, Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to host the last edition of its quarterly business series for the year. This edition of the business series, “Profit with Purpose, Business ...
Flour Mills of Nigeria (FMN) has successfully navigated a critical phase in its corporate history, as the company’s minority shareholders overwhelmingly approved the buyout offer put forward by the majority shareholders. At its 64th Annual General Meeting (AGM) held on November 14, 2024, FMN secured 98.67percent approval for the buyout price of N86 per share, ...
…As Economists recommend review of 2025 budget deficit, oil price benchmark By Seun Ibiyemi President Bola Tinubu, on Tuesday has sought the approval of the Senate and the House of Representatives for a fresh $2.2 billion loan. The president also forwarded the Medium-term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP) to the legislators ...
The Central Bank of Nigeria, CBN, has uncovered a fresh fake SWIFT message scheme and warned Nigerians and the general public against falling victim to fraudsters. The spokesperson of the apex bank, Hakama Sidi Ali, issued the warning in a statement on Tuesday. She clarified that CBN does not provide correspondent banking services for Nigerian ...
The Chairman of the Federal Inland Revenue Service, FIRS, Zacch Adedeji, has said the current tax law benefits only three states, which receive more than 70 percent of the Value Added Tax, VAT, leaving others with a margin percentage. Adedeji disclosed this on Monday during the public hearing on President Bola Ahmed Tinubu’s tax reform ...
Wema Bank has unveiled significant leadership changes with the appointment of Oluwole Ajimisinmi as the new Deputy Managing Director and Olukayode Bakare as Executive Director, both set to assume their roles on December 1, 2024. This announcement, signed by the Company Secretary, Johnson Lebile, was made public on November 15, 2024, through a disclosure on ...
The Federal government of Nigeria has spent as much as $3.58 billion to service its external debt in the first nine months of 2024 despite a series of reforms implemented by the government that were supposed to raise revenue and control borrowings. The surge in the debt servicing represents a 39.77 percent increase from the ...
By Esther Adebayo Zenith Bank is set to host the Fourth Edition of its highly anticipated Tech Fair, Future Forward 4.0, on Thursday, November 21, 2024, at the Eko Convention Centre, Lagos. This groundbreaking event, themed “Embedded Finance, Cybersecurity & Growth Imperatives – The Impact of AI,” promises to redefine Nigeria’s technological landscape with cutting-edge ...
FirstBank, the premier West African financial institution and financial inclusion service provider has announced its hosting of the first-ever China-Africa Interbank Association (CAIBA) Forum to strengthen economic ties and investments between China and Africa. The forum, themed “Joining Hands to Advance Modernisation and Strengthening China-Africa Trade, Industrialization and Economic Diversification,” will take place on November ...
President of Lagos Chamber of Commerce and Industry (LCCI), Gabriel Idahosa has called for improved Taiwan–Africa, Taiwan–Africa business collaborations between Taiwan and Africa as it would foster deeper connections and expand bilateral trade. Speaking at the 2024 Taiwan-Africa Business Forum which held in Taiwan, Idahosa who was represented by the Chairperson, Creative and Entertainment Group ...
