First Bank of Nigeria Ltd., has been awarded the 2021 ‘Retail Banking CEO of the Year Nigeria’; ‘Most Innovative Retail Banking App Nigeria’ and ‘’Best CSR Bank Nigeria.’’ Dr Adesola Adeduntan, Chief Executive Officer, FirstBank disclosed this in a statement made available on Sunday. Adeduntan said the Global Banking and Finance Magazine conferred the prestigious awards on the bank recently. He said the awards were on the account of the bank’s indelible roles in deepening financial inclusion; advancing digital banking eco-system and impacting individuals in host communities with technology. Adeduntan said the Global Banking and Finance awards reflected innovation, achievement,…
Author: Abdallah el-Kurebe
The National Bureau of Statistics, NBS, has said that in spite of the slower pace of economic activities in the first quarter of the year (Q1, 2021), Nigeria’s Growth Domestic Product, GDP, grew by 0.51 per cent year-on-year. The Nigerian Gross Domestic Product (GDP) Report for Q1 2021 was posted on the Bureau’s website on Sunday. According to it, this marked two consecutive quarters of growth, following negative growth rates recorded in the second and third quarters of 2020. It said the Q1 2021 growth rate was slower than the 1.87 per cent growth rate recorded in Q1 2020 but…
There are a number of issues on the public burner. I could have gone on with Part 2 of my write-up on General T.Y. Danjuma and what Nigeria could take out of him. But that should wait. There is also Sambisa Forest, Abubakar Shekau, Boko Haram and the Islamic State of West Africa (ISWAP). And then, of course, the brouhaha about the ban on open grazing in the south. The death of General Attahiru Ibrahim, the Chief of Army Staff, is the freshest. Sambisa needs to be talked about because it is like the spiritual base of Boko Haram and…
The first official visit to Europe since the COVID-19 pandemic saw President Muhammadu Buhari going to Paris, France to participate in a summit convened by Emmanuel Macron, his counterpart in France, on the financing of African post-COVID-19 economies. The beginning of the idea of this meeting is traced to a conversation between the Kenyan President, Uhuru Kenyatta and his French counterpart, Emmanuel Macron. The conversation started like this: How would Africa come out of the challenges of the COVID-19 pandemic? It is a notorious fact that COVID-19 has led to unprecedented economic and health challenges all over the world. Africa…
The Oyo State Independent Electoral Commission (OYSIEC) has declared People’s Democratic Party (PDP) as winner of 32 out of the 33 councils in the local governments elections held in Oyo State on Saturday. Mr Isiaka Olagunju, OYSIEC Chairman, made the declaration on Sunday in Ibadan. Only Ido local government, which was suspended, was rescheduled for Wednesday, May 26. Olagunju said that the commission had ensured transparency and adequate security during the election. He appreciated the media as well as security agencies in the state for their support in ensuring a free, fair and transparent election. The OYSIEC chairman said that…
President Mohamed Bazoum of Niger Republic has condolled with government and people of Nigeria over the death of Lt. Gen. Ibrahim Attahiru, the Chief of Army Staff, along with 10 military officers in a plane crash. Malam Garba Shehu, the President’s spokesman in a statement in Abuja on Sunday, said the Nigerien leader called President Muhammadu Buhari via telephone conversation to console him over the unfortunate incident. Bazoum, who described the plane crash and the resultant deaths as tragic and unfortunate, expressed the condolences of the government and people of his country. He prayed to the Almighty Allah to repose…
The Lagos state government says it received a total of 74 applications for naturalisation on behalf of the Federal Ministry of Home Affairs within two years. The Commissioner for Home Affairs, Anofiu Elegushi said this in Ikeja on Sunday during the 2021 ministerial press briefing to commemorate the second year in office of governor Babajide Sanwo-Olu. Elegushi said that 35 out of the 74 applications received for naturalisation received by the ministry had been screened and recommended to the Federal Ministry of Interior for approval. He said that the ministry received naturalisation applications from the Lebanese, Americans, Europeans, among others.…
The Securities and Exchange Commission (SEC) has adopted the Nigerian Sustainable Finance Principles (NSFP) which was developed by the Financial Services Regulation Coordinating Committee (FSRCC) for Capital Market Operators (CMOs). A statement by the Commission in Abuja on Sunday said that the objectives of the guidelines were to stimulate a resilient, competitive and sustainable market that would promote economic development. The commission said the guidelines would also improve corporate governance practices to ensure that the participants in the market operated in a transparent and sustainable manner. According to SEC, it will also help in accessing affordable capital market products by…
By Tina George, Minna The Permanent Secretary, Budget and National Planning, Mrs Olusola Idowu has observed that the current food system requires a review because it is not giving the people the desired results. She spoke at the rural community food systems dialogue organized by the IFAD assisted Value Chain Development Programme (VCDP) and the IFAD assisted Livelihood Improvement Family Enterprise Programme in Niger Delta (LIFE-ND) in Bida, Niger state on Sunday. Represented by a Director in the Ministry, Victor Emmanuel, she noted that the current food system in Nigeria has been affected by so many challenges which, if not…
…Seizes $24,500 offered as bribe to compromise investigation The National Drug Law Enforcement Agency, NDLEA is has arrested a Brazil-based drug kingpin and intercepted 36 blocks of cocaine, weighing 27.95 kilogrammes with a street value of over N8 billion at the Murtala Muhammed International Airport, MMIA, Ikeja, Lagos. A statement by spokesperson of the Agency, Mr Femi Babafemi made available to ASHENEWS on Sunday said “Ejiofor Enwereaku, who leads a syndicate was arrested at the airport on Friday 14th May, 2021 for importing 27.95kg of cocaine using their organised criminal gang, which specialises in tagging/planting drugs in innocent travellers’ luggage.…