The Nigerian Institute of Public Relations (NIPR) has inducted 596 new members since the current council took office in August last year. This was announced by Dr. Ike Neliaku, NIPR President, during the 2024 Annual General Meeting (AGM) after the Public Relations Week (NPRW) in Abeokuta, Ogun State. According to him, the Fellowship Advisory Committee conducted a screening exercise on April 15, 2024, leading to the approval of new regular fellows by the council. Additionally, the council approved the conferment of honorary fellowships to deserving Nigerians for their significant contributions to the institute and the nation. Meanwhile, new members were…
Author: Elvis Eromosele
Paga, one of Nigeria’s fastest growing Fintech company has processed 335 million transactions, worth over N14 trillion or $32 billion, in the past 15 years. The Paga statistic attests to Nigeria’s growing adoption of mobile money. Recall that the Nigeria Inter-Bank Settlement Systems (NIBSS) recently disclosed data showing that transactions of N17.2 trillion were handled by the nation’s mobile money providers, which include Paga, Opay, and Palmpay. Speaking at an event to mark the company’s 15th anniversary, in Lagos, Tayo Oviosu, the firm’s founder and CEO, disclosed that Paga currently has 23 million users. “At the end of March, 2024, we…
President Bola Tinubu has approved the appointment of the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND). This was announced in a State House Press Release by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale on April 26, 2024. According to the statement, ‘‘the President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of…
Bestest Biotech Company Limited (Bestest Biotech), a leading manufacturer and exporter of In Vitro Diagnostics (IVD) rapid diagnostic test kits, participating at Medlab West Africa 2024, the region’s biggest medical laboratory event. The event is holding at the Landmark Centre, Lagos, Nigeria, from April 22nd to 24th, 2024. Angela, the Sales Director of Bestest Biotech, expressed the company’s enthusiasm for engaging with distributors and partners in Nigeria to enhance the accessibility of its innovative health products and services across the region. This strategic move aims to expand the company’s reach and introduce its innovative healthcare products and services to a…
Stanbic IBTC Bank recently announced 70 more customers as winners of ₦100,000 each in its Reward4Saving promo March draw. The promo was launched to encourage Nigerians to save and earn rewards for maintaining a consistent savings habit. The Reward4Saving 3.0 promo will continue to reward 70 customers who maintain at least ₦10,000.00 in their savings account for up to 30 days, each month until August 2024. In addition, seven lucky customers will receive ₦1 million each in the quarterly draws scheduled to hold in June, while seven more customers will be rewarded with ₦2 million in the grand finale scheduled…
Everight Diagnostic & Laboratory Services Limited, a leading provider of medical imaging and diagnostic services in Nigeria, made a strong impression at the opening of Medlab West Africa 2024 in Lagos on Monday. The event, known as the region’s leading medical laboratory trade show, provided an ideal platform for Everight Diagnostic to highlight its innovative solutions and cutting-edge technologies in medical imaging and laboratory diagnostics. Okezie Estella, Health Administrator and Strategist, at Everight, expressed the company’s excitement about participating in such a prestigious event. “This event provides a fantastic platform for us to showcase our commitment to providing exceptional diagnostic…
The Federal Government is said to be looking forward to receiving around $2.2 billion single-digit interest loan from the World Bank and another budget support facility from the African Development Bank (AfDB). Wale Edun, Minister of Finance, disclosed this during the press briefing at the end of Nigeria’s activities at the World Bank/IMF Spring Meetings in Washington DC, the United States on Saturday. While speaking on the sources of international funding to the Nigerian economy, the Minister listed diaspora remittances, foreign portfolio investments and facilities from the World Bank and other international development partners. In his words, “We have qualified…
Wale Edun, Minister of Finance and Coordinating Minister of the Economy, has revealed that approximately 90 per cent of the tax revenue entering the government treasury originates from just nine tax heads. Edun stated this during a briefing at the ongoing Spring Meetings of the International Monetary Fund (IMF) and World Bank in Washington DC on Friday. The Minister noted that although there are around 80 different taxes and levies across Nigeria, only nine of them generate the current 90 per cent of revenue that significantly contributes to the Gross Domestic Product (GDP). Edun explained that the government’s objective is…
The Economic Community of West African States (ECOWAS) said it has allocated 25 million dollars this year to fight terrorism in Nigeria, Niger, Mali and Burkina Faso. Fatou Sow Sarr, Commissioner on Human Development and Social Affairs/Professor disclosed this to newsmen in Abuja on Friday. Out of the $25 million fund, Sarr informed that ECOWAS earmarked $4 million for humanitarian actions aimed at mitigating the devastating consequences of terrorism. The Commissioner also informed that the ECOWAS released $9 million to support internally displaced persons, refugees, asylum seekers, and the communities hosting them across all 15 member countries. Specifically addressing Nigeria,…
The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.123 trillion to the Federal Government, States, and Local Government Councils for March 2024. This information was revealed in a communique issued by FAAC at the end of its April 2024 meeting. The N1.123 trillion distributed revenue was broken down as: Distributable statutory revenue, N311.233 billion; Distributable Value Added Tax (VAT) revenue, N511.879 billion; Electronic Money Transfer Levy (EMTL) revenue, N14.754 billion and Exchange Difference revenue, N285.525 billion. While the total distributable revenue was lower than February’s N1.192 trillion by N69 billion, there were some bright spots. Gross revenue…