Day: 29 November 2019

Oyebade, a fulfilled General, retires from the army

Jide Ige

Major General Adeniyi Oyebade, the 28th Commandant of the Nigerian Defence Academy (NDA) and one time General Officer Commanding of 1 Mechanised Division of Nigerian Army, Kaduna,  has retired from the Nigerian Army.The respected senior army officer was honoured with a colourful pull out parade which was attended by high ranking retired and serving military officers, captains of industry, the academia, officers, staff and cadets of the NDA community.  Speaking during the pulling out parade held at the NDA parade ground Afaka, Major General Oyebade attributed his success to God…

Read More

Why Supreme Court dethroned Eleruwa

Wura Kelani, Crime Reporter

The Supreme court on Friday dethroned a first-class monarch in Oyo State, the Eleruwa of Eruwa, Oba Samuel Adegbola. It would be recalled that Adegbola had in 2013 lost a 15-year battle to retain his throne at the Court of Appeal sitting in Ibadan. The monarch and six others brought a suit against Mr James Olatunde Idowu and four others following a judgment delivered by Justice Ladipo Abimbola of the State High Court on January 26, 2011, that the current Eleruwa was wrongly picked for the throne. Justice Monica B.…

Read More

Access Bank names Dere Awosika as new chairman

Jasmin Ekua, Banking & Finance

Dr Ajoritsedere Awosika has been named as the new Chairman of Access Bank Plc by the Board of Directors of the bank. The bank’s Company Secretary, Mr Sunday Ekwochi, said in a statement on Tuesday in Lagos that Awosika would assume the position of the company’s Board Chairman on Jan. 8, 2020. Ekwochi said that Awosika’s appointment was apt to lead the board in the next phase of the bank’s transformation into becoming Africa’s Gateway to the World. According to the statement, Awosika will take over from Mrs Mosun Belo-Olusoga…

Read More

Economy In Q3 2019: Ecobank, Standard Chartered lead in capital importation to Nigeria

Jide Ige

National Bureau of Statistics (NBS) says Ecobank Nigeria and the local unit of Standard Chartered Bank have joined Stanbic IBTC Bank to become foreign investors’ favourites for investment deals. Details of the Bureau report showed that out of 26 banks foreign investors used to deploy foreign capital into the country, the most investment came through Stanbic IBTC Bank. The bank attracted $1.63 billion worth of investment in the third quarter of this year, lower than $1.76 billion it had in the previous quarter. Ecobank followed with $754.38 million worth of…

Read More

How a single phone call caused Ajegunle shop gas explosion that killed 6, injured several others

Jide Ige

Eye witnesses said the fire started like a movie scene. A gas vendor at Aduke Street, Off Ojo Road, Ajegunle in Ifelodun Local Council Development Area (LCDA) of Lagos was filling a cylinder for a customer. A call came in and someone close by tried to receive the phone call and there was a blast! By the time the coast was clear, six persons, including two kids, died; several shops have been razed. Property worth millions of Naira lost, and fifty-two persons with severe burns on their bodies are in…

Read More

Elumelu, others win National Productivity Order of Merit Award

Jasmin Ekua, Banking & Finance

Tony O. Elumelu, CON, Founder of The Tony Elumelu Foundation (TEF) and Chairman of the United Bank for Africa Group (UBA) and Heirs Holdings, was conferred with the National Productivity Order of Merit (NPOM) Award by the President of the Federal Republic of Nigeria, H.E. Muhammadu Buhari, GCFR in recognition of his continuous hard work and total commitment to the empowerment of youths in Nigeria and Africa. The award ceremony was held in Abuja, Nigeria on Thursday, November 28. The NPOM Award was instituted by the Federal Government through the Ministry of Labour and Employment…

Read More

How FirstBank FINTECH Summit is contributing to bridge Nigeria’s financial inclusion, By Bala Augie

Jasmin Ekua, Banking & Finance

As financial solution providers continue to face stiffer competition globally from Fintech startups and emerging technologies such as blockchain, cryptocurrency and crowdfunding, and the increasing level of disruption in the traditional mode of payment and business models, technology holds the key to unlock the potentials in the financial service sector across Africa through Fintech. As the banking sector continues to find newer ways of engaging and providing customer centric services to bridge the current level of unbanked and under banked population to achieve Nigeria’s 2020 financial inclusion target, the fallout…

Read More

Ogun cholera outbreak records 5 deaths out of 12 cases

Jide Ige

The death toll as a result of a cholera outbreak in Abeokuta, Ogun State capital, has risen to five and it includes a four-month-old baby and 33-year-old pregnant woman. The Permanent Secretary, Ministry of Health in Ogun State, Dr Ayinde Akinsanya disclosed this on Friday, during a press briefing in Abeokuta. Akinsanya said so far, the number of the reported cases has risen to 12 and five persons have died. It was reported that four persons in Abule-Otun in the Abeokuta North Local Government Area of the state have lost…

Read More