The Central Bank of Nigeria (CBN) has asked commercial banks to share their customers’ data with financial technology (Fintech) companies to increase access to financial services and provide better services to customers. CBN Director, Payment System Management, Musa Jimoh disclosed this yesterday during the virtual FirstBank FinTech Summit 4.0 held in Lagos with the theme: “How Blockchain and Artificial Intelligence ... Read More »

The Federal House of Representatives, in it’s oversight function, has uncovered many power projects, put together at the cost of N156 billion, that are being abandoned or are yet to be completed by the Transmission Company of Nigeria (TCN). Two of such uncompleted projects include a 240 MVA sub-station in Walalambe Community of Nasarawa Local Government Area and a 330 ... Read More »

The Next Robotics Legend is an initiative designed by Edu360, Union Bank’s education platform, in collaboration with Awarri, a pan-African technology company, to infuse Robotics and Artificial Intelligence (AI) into the education of the Nigerian child. This stems from the realisation that the solutions to some of our most complicated problems as a nation lie in the education of our ... Read More »

The Chief Press Secretary to the Governor of Lagos State, Mr Gboyega Akosile, has revealed how he survived COVID- 19. Akosile, in a Facebook post on his ordeal, urged residents not to take their health for granted, saying the virus is not a hoax. The governor’s aide said his wife, who was also infected, almost died due to a “silent ... Read More »

In attempt to significantly improve power supply to Igarra town and other communities in Akoko Edo LGA of Edo State, BEDC has finalized the design, and at the stage of awarding contract for the construction of a 33KV line from Okpella to Igarra.  The project once completed, it was gathered, will change the source of supply to the recently completed ... Read More »

Former Edo Deputy Speaker Yekini Idaiye was removed by seven pro-Governor Godwin Obaseki in Government House, Benin for allegedly endorsing All Progressives Congress (APC) governorship candidate, Pastor Osagie Ize-Iyamu, the seven lawmakers led by Speaker Francis Okiye claimed Idaiye, who represents Akoko-Edo constituency I, was removed on grounds of gross misconduct and divulging of official secrets. We gathered the pro-Obaseki ... Read More »

The Independent Petroleum Marketers Association of Nigeria (IPMAN) in Kano State has directed its members to sell fuel at N150 per litre. The directive was contained in a statement by the IPMAN Chairman of Kano chapter, Bashir Danmallam. Danmallam said the directive follows the new price modulation announced by the Petroleum Products Marketing Company (PPMC). “I have accordingly, instructed our ... Read More »

 Announces date for First Nationwide Maritime Quiz The first nationwide maritime quiz for secondary school students in the 774 local government areas of Nigeria will begin on Monday, September 14, 2020. ‘’The vision is to get the upcoming generation to be interested in the maritime sector and to carve a niche at an early stage’’ a statement from the Office ... Read More »

The United Bank for Africa Plc (UBA), the leading pan-African financial services group, has acted as Facility Agent Bank for the Nigerian Commercial Banks in a consortium with other international banks in a $1.5 Billion Pre-Export Finance Facility for the Nigerian National Petroleum Corporation (NNPC) and its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC). UBA is providing $200 million ... Read More »

Deputy Speaker of the Edo State House of Assembly and representative of Akoko-Edo Constituency I, Hon. Yekini Idiaye, and four other members of the Assembly have pledged their support for the Governorship candidate of the All Progressives Congress, Pastor Osagie Ize-Iyamu, bringing the numbers of elected members who have declared their support for the All Progressives Congress (APC) in the ... Read More »