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Unity Bank Plc, a retail lender in Nigeria, is determined to prioritize recapitalization and asset creation in response to the prevailing foreign exchange revaluation in the financial system. The bank's Managing Director, Tomi Somefun, acknowledged the disruptions and impact on the bank's financial positions due to the depreciation of the Naira currency. However, she expressed optimism about the positive economic outcomes of government policies in the near future. Unity Bank Plc aims to bolster its asset creation, liability generation, and business growth while focusing on process automation, cost efficiency, and value chain relationships.
The Abia State Environmental Sanitation Agency (ASEPA) has announced plans to prosecute individuals who violate the environmental laws of the state. The move comes as part of the state government's efforts to enhance sanitary conditions and promote a clean and healthy environment in Abia cities. Those found guilty of sanitation offenses will face fines, imprisonment, or both. ASEPA is also set to launch an enlightenment campaign to educate residents about the importance of cooperating with the authorities in maintaining cleanliness.
Niger's new military leaders accuse France of amassing forces for a possible military intervention in the country following the coup in July. French President Emmanuel Macron says he will only take action at the demand of deposed Nigerien leader Mohamed Bazoum. The junta in Niger has leveraged anti-French sentiment to shore up its support in resistance to regional and international pressure to reinstate the president. The country had been a strategic partner of France and the West in the fight against growing jihadi violence in the conflict-ridden Sahel region.
The Abia State Governor, Dr. Alex Otti, has commissioned the reconstructed Umuokomiri - Obehie ring road in Ukwa West. The road, reconstructed by the Abia State Oil Producing Areas Development Commission (ASOPADEC), has been completed within a short period. The Governor plans to leverage the presence of gas in Ukwa to generate electricity and also initiate a ground breaking ceremony for the Abia Innovation and Industrial Park in Owaza.
Labour Party's Presidential Candidate, Peter Obi, donates N10 million towards the development of healthcare facilities in Awka. His contribution aims to strengthen the Diocese's healthcare initiatives and support the Department of Midwifery and Public Health Nursing at the Millennium College of Nursing Sciences. Obi's commitment to the overall project and his willingness to secure funding from his connections highlight his dedication to the betterment of society.
Human rights activist, Hamzat Lawal, calls for the strengthening and amendment of the Electoral Act following the final declaration of the presidential election petition tribunal ruling in favor of President Bola Ahmed Tinubu. Lawal emphasizes the need for removing ambiguities, incorporating technology, empowering the Independent National Electoral Commission (INEC), and prosecuting electoral offenders. This article explores Lawal's suggestions for reforming the Electoral Act to enhance the credibility and integrity of the electoral process.
Anambra State Governor, Prof. Chukwuma Charles Soludo, has signed Memorandums of Understanding (MOUs) with several enterprises during the inaugural investment conference in Awka. This move aims to attract investments to the state and create job opportunities for its citizens. The conference served as a forum for discussing industrialization and highlighting why Anambra State is an attractive investment destination.
The Nigerian Safety Investigation Bureau (NSIB) has launched an investigation into a serious incident involving a United Nigeria Airlines plane that overshot the runway at the Murtala Muhammed International Airport in Lagos. The aircraft, carrying 51 passengers and 4 crew members, experienced a hard landing upon its return from Sam Mbakwe Airport in Owerri. Fortunately, all individuals onboard were safely evacuated. The NSIB has requested the public's assistance in providing evidence to aid the investigation.
Former pastor at the Redeemed Christian Church of God (RCCG), Prince Afolabi Ghandi Laoye, has been installed as the new Soun of Ogbomosoland in Oyo State. Governor Seyi Makinde approved Pastor Laoye's appointment, which was backed by established processes under the law. This article provides an overview of the installation ceremony and highlights Pastor Laoye's background and aspirations as the new Soun of Ogbomosoland.
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) is partnering with South Africa to harness the economic potential of both nations and contribute to the industrial drive in Nigeria. This strategic collaboration aims to foster growth, innovation, and investment, while also strengthening African unity and solidarity. The partnership holds immense promise for job creation, economic diversification, and the overall development of Nigeria and South Africa.
Kwakol Markets has revolutionized the investment landscape with its state-of-the-art copy trading model, offering investors the chance to leverage proven strategies of experienced traders. The platform provides a range of copy trading options, catering to both novice and seasoned investors, while emphasizing the importance of personal research and due diligence.
Ambassador Idris Busari, a prominent Lagos business tycoon and media consultant, has shown unwavering support for the newly sworn-in Minister of Power, Adebayo Adelabu. He believes Adelabu has what it takes to bring stability to Nigeria's power sector and alleviate the hardships faced by citizens due to erratic power supply. Idris highlights Adelabu's resilience, commitment, and readiness to transform the power sector, urging Nigerians to show optimism and support for the minister's initiatives.
AXA Mansard has launched the second cohort of its insurtech accelerator programme, the Innovation Exchange Programme, in Nigeria. The 15-week programme aims to develop insurtech solutions and help startups scale in the insurance industry. Following the success of the first edition, AXA Mansard is committed to empowering insurtechs and driving digital transformation in the sector.
Niger state accountants have been urged to venture into entrepreneurship and foster collaboration within the accounting community. The call was made at the 124th general meeting of the Association of National Accountants of Nigeria (ANAN) in Niger state. Professor Muhammad Abubakar Mawoli emphasized the importance of expanding skills and exploring opportunities beyond traditional accounting practices. The meeting further highlighted the need for accountants to transition into successful entrepreneurs.
EatN'Go Africa, the master franchisee of Domino's Pizza, Cold Stone Creamery, and Pinkberry Gourmet Yogurt has partnered with Slum2School Africa to launch "The Superhero Campaign." This campaign aims to support the education of 10 million underprivileged children in Nigeria and Africa's underserved communities within the next decade.
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