Stanbic IBTC Holdings has launched a Blue Blossom community, a gathering of women from diverse backgrounds that come together to support each other while leveraging various benefits offered by the financial institution to meet their entrepreneurial needs. Recent report by World Bank revealed that women comprise 43.83 per cent of the labour force, and 43 per cent of businesses worldwide are owned by women. Despite increased financial services in Africa’s biggest economy in the last decade, 98 per cent of women still lack access to formal credit markets. Speaking at the official launching of the community in Lagos, Non-Executive Director,…
Author: Elvis Eromosele
The average Middle class in Nigeria is just one major illness from penury, right now, GOFUNDME, programs on social media to fund health care emergencies aren’t just for those on the bottom of the ladder. The average motivational speaker would tell you to save first, then invest before you spend, my advice is to pay your health insurance provider first, since health is wealth that’s the best investment, just take it as another form of saving investment, like payment into a pension for your health. Health insurance is a lifesaver, For the reasons, it helps to prevent late diagnosis of…
The senate has approved the securitisation of the N22.7 trillion ways and means to the federal government for budget deficits. The approval was given by the upper chamber of the National Assembly at its plenary on Wednesday, months after President Muhammadu Buhari wrote a letter to the parliament on the issue. The N22.7 trillion loans were given to the national government by the Central Bank of Nigeria (CBN) when it could not get short-term funds to run the country. The CBN loans have caused controversies in the country because the apex bank violated the law to give such credit…
The Manufacturers Association of Nigeria (MAN) has condemned the increases in Excise tax for 2023 and 2024 as provisioned in the 2023 Fiscal policy. In a statement signed by the Director General of MAN, Segun Ajayi-Kadir, the Manufacturers’ umbrella body said the increase came as a surprise. “As a major stakeholder, MAN had actively participated in the deliberations on the proposal and presented various positions from its members across all sectors, especially those directly impacted by the proposed measures. “From the meeting held with the Honourable Minister of Finance, Budget and National Planning on the 29th March 2023, MAN representatives…
The Managed Detection and Response (MDR) service that was launched by Sophos about six months ago has grown its customer base by 33 per cent, the company has announced. In a statement, Sophos said that its industry-first vendor-agnostic has the ability to ingest and analyze telemetry from third-party security vendors, adding that Sophos is processing more than 150 million alerts from nearly 30 other security providers. Based on this, Sophos Adds Team of MDR Experts in Germany, Expanding Global Footprint of Security Operations Specialists and Defenders Have Less Time to Defend; MDR Services Become Critical Cybersecurity Layer as Attacker Dwell…
The National Information Technology Development Agency (NITDA) is set to leverage the National Youth Service Corps (NYSC) to get at least two million developers in two years, the Director-General of NITDA, Mal. Kashifu Inuwa has disclosed. Mal. Kashifu disclosed this while receiving the Director-General of NYSC, Brig Gen.Yushau Dogara Ahmed in his office in Abuja recently. “We have identified the National Youth Service Corp as a key partner if we must achieve the projections of two million developers in two years,” he said. He argued that there is a global talent shortage. Thus, Nigeria must position itself by training people…
Barring any unforeseen, the Federal Government is set to proceed with its implementation of a five per cent excise duty tax on mobile telephone services, fixed telephone, and Internet services. This is despite a recent communication by the Minister of Communications and Digital Economy, Isa Pantami, that the government has exempted the telecoms sector from excise duty tax. It would be recalled that the Federal Government had in September last year suspended the proposed excise duty on telecommunication services for the first time. The suspension was announced by Pantami during the inaugural meeting of the Presidential Committee on Excise Duty for…
The Association of Licensed Telecommunications Operators of Nigeria (ALTON), the body of licensed telecommunications services providers, have asked the National Assembly to exclude them from any regulatory powers that will be given to the National Information Technology Development Agency through the new NITDA Bill. The bill which is currently before the Joint Committee of the Senate and House of Representatives on ICT and Cyber Security seeks to give NITDA the power to administer, implement, and regulate information technology systems and practices as well as the digital economy of the country. According to the operators, the bill will lead to the…
By Elvis Eromosele Recently, I had the task of sending prescription glasses in a case to Benin City. After considering all the available options, it became clear that taking it to a park and paying one thousand naira was the best way to get it delivered, on the same day. It was cost-effective, and timely and ensured that I met my goal. I spoke to a driver, he very reluctantly revealed that he made, on average, N12, 000.00 daily, from, “help me deliver this”. Imagine this: one driver in one park makes an average of N12, 000.00 daily. Multiply this by the…
I would like to talk about my experience as an HSE professional with a Level 3 Certification from the Chartered Institute of Environmental Health and Safety UK and someone who has dealt with depression at various times in his life. Man has evolved from the time of being a hunter-gatherer to a more sedimentary lifestyle, where we spend almost half our lives sleeping or sitting and if you are a city dweller with an office job, daily commute, and desk work makes that number goes up. But our bodies were built for mobility and the more of that we have…