Day: November 22, 2022

Wema Bank increases benefits on its Royal Kiddies Account for Children

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Wema Bank, Nigeria’s Leading innovative financial institution, has rolled out a new benefit for parents and children on its bespoke children’s savings account, Royal Kiddies Account (RKA), in a new campaign to encourage savings and financial prudence. From November 1, 2022, through January 30, 2023, parents who set up a standing instruction via ALAT or in-branch for the automated funding of their children’s Royal Kiddies Account with a minimum of N10,000 per month, will be eligible for the annual educational award for 20 account holders. Also, by consistently increasing their…

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Petrol, electricity subsidies affecting poor Nigerians negatively– W’Bank

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In a statement on World Bank’s website announcing the launch of the new Nigeria Public Finance Review report, the bank has said that subsidies benefit only rich households and reduce government spending on poor Nigerians. According to the bank, Nigeria’s resources had been consumed by inefficient and regressive subsidiaries on petrol, electricity and foreign exchange. It added that the subsidies were far more than what was spent on education, health and social protection in 2021. The statement read, “For years, a large share of Nigeria’s resources have financed inefficient and…

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Abducted LASPOTECH undergraduate regains freedom, narrates ordeal

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Marvelous Omobobola, an undergraduate of the Lagos State Polytechnic, who was abducted by a kidnap syndicate in the state, has been released after his family members paid N200,000 ransom. It was gathered that Omobobola went to school on Saturday to sign a SIWES form. After he was done, the undergraduate boarded a tricycle to his hostel in the Odogunyan area of Ikorodu, Lagos State. The 28-year-old said the tricycle operator was conveying him and other passengers to their destinations in Odogunyan when he suddenly veered onto a street to avoid…

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Cubana Chief Priest gives out N1m in celebration of David’s 30th birthday

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Cubana Chief Priest, a friend to the famous music sensation, Davido, is giving away one million naira to his followers in honour of his friend, Davido. As Davido turned 30 today, his employees, friends, and supporters sent him birthday wishes, including Isreal DMW, Obi Cabana, Eniola Badmus, Iyabo Ojo, and Cubana Chief Priest. “Happy Birthday bestie mi, on this 30th floor you shall know no sorrow, all you shall feel is peace, love, joy, and success,” the Cubana Chief Priest had earlier said in his birthday greeting. He added, “God…

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Ex-Akeredolu’s aide abducted by gunmen, N100 million ransom demanded

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Mr Richard Omosehin, a former Senior Special Assistant to the Ondo state governor, Rotimi Akeredolu, has been abducted by six gunmen at his Igbekebo residence, in Ese Odo Council area of the state. Meanwhile, the state police command, which confirmed the abduction, said it had begun search for the victims while investigation into the matter had commenced. A family source said that the former governor’s aide was kidnapped on Friday. According to him “Richard, a strong leader of the APC was kidnapped by six gunmen who came to the community…

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