Monday , 24 February 2025

Author Archives: NewsThumb Magz

Stakeholders Endorse Ecobank Stewardship Pack and School Bundle  

 Stakeholders in faith-based organisations and education sector have endorsed the two new products recently introduced into the financial market by Ecobank Nigeria, saying they can provide solutions to their needs. The products Ecobank Stewardship Pack and the Ecobank School Bundle are targeted at religious and educational institutions at all levels respectively.  The Ecobank School bundle is designed to help educational institutions ... Read More »

FIRSTBANK HIGHLIGHTS ROLES OF SMES TO ECONOMY AT EHINGBETI LAGOS SUMMIT

The Chief Executive Officer of First Bank of Nigerian Limited, Dr Adesola Adeduntan, has restated the strategic importance of small and medium enterprises SMEs to the growth and development of the national economy. Adeduntan said the path to the growth of Nigerian economy lies in growing the SME sector, and that informed why First Bank has deliberately provided robust support ... Read More »

Concern in Nigeria Especially Gombe State over scarcity of husbands for single women

In September 2013, hundreds of single women led by Suwaiba Isa stormed the streets of Gusau, the capital of Zamfara State, protesting scarcity of husbands for more than 8,000 of them. A similar protest earlier planned by Hajiya Altine Abdullahi for widows and unmarried Kano women in August 2009 was averted by Kano State Government which quickly arranged mass wedding ... Read More »

2021 Budget: Agege LG to spend N3.5bn

Hon. Alhaji Ganiyu Egunjobi, Chairman, Agege Local Government Area of Lagos State, on  Monday, February 8th ,  presented a budget of N3.5 billion for the 2021 fiscal year to the council’s Legislative House. During the presentation, Egunjobi said the appropriation bill was geared toward consolidating on the progress so far recorded by the council in 2020. He rated the performance ... Read More »

EFCC acting chairman promoted to Level 14 ahead of Senate screening

…Lawyer sues Senate, asks court to stop Bawa’s confirmation The new acting Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has been promoted to the rank of Chief Detective Superintendent ahead of his Senate screening. The move comes amid a lawsuit challenging Bawa’s qualification for the job. Section 2 of the EFCC Act states that a person who ... Read More »

Stanbic IBTC Gives N34.8m In Scholarship to Successful UTME Students

AStanbic IBTC Holdings PLC, a member of Standard Bank Group, has awarded scholarships to successful candidates in the 2019 and 2020 University Tertiary Matriculation Examinations (UTME). This was done as part of its aspiration to encourage hardwork and excellence in academic pursuit. The 87 beneficiaries were drawn from the 36 states of the federation and the FCT. The beneficiaries comprised ... Read More »

Banks turning female marketers to sexual slaves – Senator Ayo Akinyelure

The Senate, on Thursday, considered a bill seeking to stop employers in the private and public sectors from engaging employable Nigerian graduates as casual workers. The Prohibition of Casualisation Bill 2020 was sponsored by Senator Ayo Akinyelure. Akinyelure said casualisation of Nigerian graduates in the Nigerian labour market had become a subject of great concern. He said more workers continued ... Read More »

Fidelity Bank Plc successfully issued the largest ticket Tier II Local Bonds in Nigeria.

​Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at a 8.5 percent coupon rate due in 2031. The bond issuance which was fully subscribed given that total investor interest and commitments in the bonds were N56.6 billion, adds to the impressive portfolio of landmark transactions structured by the bank, and underscores its capacity to ... Read More »

SSANU, NASU shut OAU over non-payment of allowance

  Members of the Senior Staff Association of Nigerian Universities (SSANU) and Non-Academic Staff Union (NASU), Obafemi Awolowo University (OAU), Ile-Ife chapter, yesterday protested non-payment of their allowances. They stormed the main gate of the institution around 10:15am and shut it, chanting anti-management songs. The protesters later shut other gates leading to the school before barricading the staff quarters. The ... Read More »

NEW EFCC BOSS ABDULRASHEED BAWA: A FAIR AND THOROUGH PROFESSIONAL

BY: SUNDAY ADEBAYO It is no longer news that Abdulrasheed Bawa is on his way to becoming the new chairman of the Economic and Financial Crimes Commission, EFFC as nominated by President Muhammadu Buhari, pending the Senate’s approval. This relatively unknown young man appears to be the perfect match for the country’s fight against corruption, both in the low and ... Read More »

Timber by EMSIEN 3 Ltd BG