Collaboration between Edo and LAPO on N300m MSME Loan
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Collaboration between Edo and LAPO on N300m MSME Loan

A strategic partnership has been formed between the Edo State Government and LAPO Microfinance Bank to provide N300m in loans to Micro, Small, and Medium Enterprises scattered across the 18 Local Government Areas within the state. In representation of the state, Osarodion Ogie, the Secretary to the Edo State Government, underlined the pivotal role of microfinance initiatives in fostering economic growth and stability during the signing of the Memorandum of Understanding (MoU). Rather than a grant, Ogie emphasized the revolving nature of the loan, stressing the importance for beneficiaries to utilize the funds prudently and ensure timely repayment. Expressing gratitude for the opportunity presented by the Edo State Government, Gloria Bako, the Executive Director ...
The Launch of UAC Academy
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The Launch of UAC Academy

UAC of Nigeria Plc has introduced a new training program known as the UAC Academy. According to a statement released by the company, the academy aims to empower both current and aspiring line managers within UAC of Nigeria. The inaugural session, which took place from Monday, March 18 to Thursday, March 21, 2024, included engaging and interactive sessions led by experienced trainers and industry experts. During his welcome speech, the Group Managing Director of UACN, Fola Aiyesimoju, emphasized the importance of this initiative. He stated, “The UAC Academy’s Management and Leadership Series brings together talented leaders from across the group for a collaborative learning experience, paving the way for UAC to become a beacon of excellence.  “The program covere...
Discussion with Google on Data Privacy
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Discussion with Google on Data Privacy

Google West Africa recently hosted a roundtable where top companies from Nigeria engaged in conversations regarding the transition to privacy-focused marketing in light of the phase-out of third-party cookies. The forum saw participation from leaders of FairMoney, Konga, Mondelez, Stanbic IBTC, and Zenith Bank, showcasing a shared dedication to reshaping consumer interaction in the digital era. During the roundtable, the focus was on the importance of adjusting marketing approaches to prioritize privacy in order to establish consumer trust, which is crucial in a society that increasingly values privacy. This shift necessitates businesses to innovate while upholding transparency and regard for consumer data privacy, transforming potential limitations into ...
Call for Gender Equality by Ogun State
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Call for Gender Equality by Ogun State

Efforts must be united to eliminate all forms of gender biases, as advocated by Ogun State. At a recent event commemorating International Women’s Day in Abeokuta, the Deputy Governor of the state, Noimot Salako-Oyedele, emphasized the importance of addressing the prevalent gender stereotypes, biases, and discriminations. She highlighted the significance of celebrating exceptional women who are breaking barriers through innovation, excellence, and service delivery in a world filled with gender biases. The administration led by Dapo Abiodun was lauded for its commitment to creating a supportive environment that encourages women's involvement in evidence-based policies and various empowerment initiatives. Fur...
Central Bank of Nigeria Increases Capital Base Requirements for Banks
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Central Bank of Nigeria Increases Capital Base Requirements for Banks

The need to enhance the capital base of Deposit Money Banks for better efficiency has been reiterated, leading to the Central Bank of Nigeria announcing revised guidelines on its bank recapitalization policy in the country just 48 hours later. A statement signed by the Acting Director of Corporate Communications, Sidi Ali, in Abuja on Thursday disclosed the new guidelines. Commercial banks with international authorization have been directed by the apex bank to increase their capital base to N500bn, while national banks must meet N200bn. Additionally, commercial banks with national licenses must reach a N200bn threshold, and those with regional authorization are required to achieve a N50bn capital floor. No...
Former President Obasanjo’s Visit to Late Olubadan’s Family
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Former President Obasanjo’s Visit to Late Olubadan’s Family

A condolence visit was paid by former President Olusegun Obasanjo to the Alarere residence of the late Olubadan of Ibadanland, Oba Lekan Balogun, where he praised the impact of his short reign. Oba Balogun, who passed away on March 14 at the age of 81 after a two-year reign, was described by Obasanjo as a personal friend. In his words, “The late Olubadan was not a stranger to me; he was a friend, and it is my obligation to visit his family. He fulfilled his role excellently; he was ‘Gbobaniyi’." “Naturally, we would have preferred him to be with us for a longer period, but God's plan surpasses ours. As the Yoruba saying goes, ‘o wuni ka jeran pe lenu, oofa ona ofun o je,’ which means, as much as we desire ...
EFCC to lead Binance investigation as top executive remains at large
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EFCC to lead Binance investigation as top executive remains at large

Charges have been brought against Binance Holdings Limited and its senior executives Tigran Gambaryan and Nadeem Anjarwalla, who is currently evading authorities, for alleged money laundering amounting to $35,400,000 by the Economic and Financial Crimes Commission (EFCC). The EFCC has assumed full control of the case from the Office of the National Security Adviser, having already apprehended Gambaryan. Additionally, a court warrant has been issued for the arrest and extradition of Anjarwalla, who absconded from custody in Nigeria. NewsNow has learned that the anti-corruption agency is collaborating with Interpol, the FBI, the UK government, and the Kenyan government to facilitate the arrest and extradition of Anjarwalla, the fugitive connected to the Binance...
The deepening crisis in the Benue APC as Alia inaugurates new working committee
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The deepening crisis in the Benue APC as Alia inaugurates new working committee

The All Progressive Congress in Benue State witnessed the inauguration of a new working committee by Governor Rev Fr Hyacinth Alia on Thursday. During the inauguration, Alia emphasized that there can only be one leader in the state, which is the governor. He reiterated the need for unity within the party and stated that the changes made to the executive committee were done intentionally without creating a faction. The inauguration took place at the party's factional secretariat near the Government House in Makurdi. The Benue State APC has faced internal conflicts following the removal of the state APC Chairman, Austin Agada, by his Ehaje council ward, and a subsequent court order prohibiting him from acting as the party chairman in the state. As a resu...
Request for clemency by 100 Kano death row inmates and others
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Request for clemency by 100 Kano death row inmates and others

A plea for clemency has been made by around 100 inmates, which includes individuals on death row at the Kano Correctional Centre. They have approached both the state government and the state Committee on Prerogative of Mercy for leniency. Additionally, other inmates seeking clemency comprise individuals serving life sentences, those with extended sentences, inmates facing severe medical issues, elderly inmates, and more. This information was disclosed by the state Correctional Centre Public Relations Officer, Musbahu Mata, in a statement released on Thursday. As per the statement, the list of inmates requesting clemency was presented by the controller of the state command, Suleiman Inuwa, to the Chairperson of the Prerogative of Mercy Committee, Hajiya Bebeji, subse...
A 25-year-old man has been sentenced to life in prison for raping a boy in Jigawa
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A 25-year-old man has been sentenced to life in prison for raping a boy in Jigawa

In Jigawa, a State High Court, under Justice Musa Ubale, delivered a life imprisonment verdict to Aminu Ali, aged 25, for sexually assaulting and sodomizing a 10-year-old boy (identity protected). Ali, a resident of Aukayawa Quarters in the Gwaram Local Government Area of Jigawa State, was convicted by the court after the prosecution successfully proved that he enticed the victim and committed acts of anal sex. Utilizing five witnesses and four exhibits, including a medical report, the prosecution effectively presented its case. Justice Ubale, in his verdict, declared that the prosecution had incontrovertibly proven the case. Consequently, the judge imposed a life sentence on the perpetrator in accordance with Section 3 (2 & 4) of the Violence Against Pers...