Category: News

Rethinking Tourism For A More Sustainable World, By Folorunsho Coker

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As we celebrate this 42nd edition of the World Tourism Day, this is within the frame of reflection on the urgency of building a practice that is environmentally sensitive and future complaint. The need for a more inclusive, resilient and sustainable tourism has now forcefully come on the global agenda of governments, international organisations, businesses, and local communities, and we must all work together to mitigate the evident challenges and concerns, in a way that safeguards our planet. It is a great delight to witness and mark the 42nd edition…

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Sterling Positions For Expansion With New Structure

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With unanimous support received from her shareholders, Sterling Bank, soon to be known as Sterling Financial Holdings Company, is firmly positioned to expand her financial services footprint from traditional banking and deliver more value to her shareholders. According to the publicly available filings reviewed from the website of the Nigerian Exchange Limited (NGX), upon final ratification by the regulators, the commercial banking subsidiary of the holding company, Sterling Bank; will continue to operate with its current name as a limited liability company, with shares transferred from the publicly traded company…

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Union Bank, WACOT Rice Kick Off Financial Inclusion Drive for Smallholder Farmers in Kebbi

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As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State. The Kebbi Financial Inclusion Drive (KFID) which will cover four Local Government Areas – Argungu, Augie, Suru, and Dandi – is a critical part of WACOT’s Argungu Outgrower Expansion Project funded by United States Agency for International Development (USAID) West Africa Trade Hub. This program is set to resolve the overwhelming financial…

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Social media celebrity arrested for kidnapping *Linked to ex-Bayelsa governorship candidate

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John Lyon alias IK- Kpai-kpaia, a suspected kidnapper has been arrested by men of the Nigerian Police Force in Abuja. The suspected kidnapper was a former staff of Sterling Bank, who allegedly used the name Lyon Interior Hub as a cover-up for his many kidnapping activities. He claims to be a graduate of the University of Calabar, and there were reports that he was born on22nd of December, 1986. Known for his flamboyant lifestyles on social media where he flaunts cash and frolick with ladies, he was involved in the…

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Ondo Governor condemns FG’s refusal to allow Amotekun bear arms

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Governor Rotimi Akeredolu of Ondo State has faulted Federal Government’s objection to the use of arms by the Western Nigeria Security Network, codenamed Amotekun Corps, while allowing its equivalent in Katsina State to bear weapons. The governor, who is chairman of the Southern Governors’ Forum (SGF), in a statement, insisted that Ondo State government will defend its people, just as the denial of the right of Amotekun to bear arms to protect the people of the state violated the tenets of federalism. Advocating that equity and justice are required in…

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Professor, maid arrested for brutalizing police orderly

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A Professor, Zainab Abiola, has been arrested by police for brutalizing a police officer, Inspector Teju Moses on Tuesday in Garki, Abuja. Professor Abiola and her domestic staff, comprising the housemaid, Rebecca Enechido, and a male suspect at large, were said to have brutalised the orderly. The Force Public Relations Officer (FPRO), Chief Superintendent of Police, Muyiwa Adejobi confirmed the arrest of Abiola and Enechido. It was said that Abiola, a legal practitioner and human rights activist had attacked the female officer following her refusal to breach professional ethics by…

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Unanimously decision: Shareholders approve Holding Company Structure for Sterling

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Shareholders of Sterling Bank Plc unanimously voted in favor of the creation of a new non-operating holding company (HoldCo) to hold the shares in its commercial banking operation as well as the shares of a newly incorporated subsidiary, The Alternative Bank Limited, which will operate as a Non-Interest Banking (NIB) business. At the end of a court-ordered meeting in Lagos yesterday, the shareholders gave the approval for the carve out and transfer of the Bank’s non-interest banking business to The Alternative Bank Limited, under a proposed scheme of arrangement between…

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Aisha Buhari criticized for celebrating daughter-in-law graduation amid ASUU strike

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Nigeria’s First Lady, Aisha Buhari has come under criticism after she shared the graduation photos of her daughter-in-law across her social media pages on Tuesday. Zahra Bayero-Buhari, who got married to President Muhammadu Buhari’s son, Yusuf, in August 2021, graduated from a UK university on Tuesday. Aisha’s critics berated her for being insensitive to the plights of Nigerian students who have been out of school for seven months due to the ongoing strike by the Academic Staff Union of Universities (ASUU). Some of the responses to her post are as…

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Ex-DSS officer, 9 suspects arrested over bullion van robbery in Abia

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Prosper Israel, a dismissed personnel of the Department of State Services, DSS, alongside nine other suspected robbers, were, yesterday, paraded by the Abia State Police Command, for robbery. The suspects were part of the alleged 14-man robbery gang that ambushed a bullion van near Ntigha Junction of the Enugu-Port Harcourt expressway, on July 26, 2022. During the robbery, the cash officer of a new generation bank was killed on the spot, while the suspects carted away an unspecified amount of cash being conveyed by the bullion van. Three police personnel…

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Employers’ association fumes as government impose over 50 different taxes, levies on businesses

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NECA, the Nigeria Employers’ Consultative Association has raised alarm over 50 different taxes, levies and fees imposed on organised businesses by local, state and the Federal Government. The employers’ body, also revealed that, currently, at the National Assembly, there are over five different Bills, which also seek to impose various taxes and levies on businesses, in addition to the notable taxes and levies which are of general application, such as The National Information Technology Development Levy (NITDA Levy), Education Tax (or Tertiary Education Tax), National Social Insurance Trust Fund (NSITF),…

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