Category: News

Micro Pension: EFInA Restates Importance For Informal Sector Workers

Admin

…As Contributions Hit N435.61m A major financial inclusion advocate, Enhancing Financial Innovation & Access (EFInA), has restated the need for informal sector practitioners to embrace opportunities in Micro Pension Plan. The advice came on the heels of most informal sector employees’ lack of interest in the scheme set up in 2019 to take care of their welfare after retirement from active work life. This is just as contributions under MPP have peaked at N435.61 million. The gradual input of the scheme to the economy shows that more Nigerians, both in…

Read More

World Environment Day: Egbin Power Plc Charts Path For Environmental Sustainability

JUSTINA EMMANUEL OKPARA

…urges global concerted efforts Deliberate actions designed to further reduce environmental pollution in line with global agenda for sustainability have been outlined by Egbin Power Plc, the largest power generating station in Nigeria, to commemorate World Environment Day 2023, under the theme “Solutions to Plastic Pollution.” The GenCo, while raising awareness about the hazardous impact of pollution on the environment, also called for concerted global efforts among governments, businesses, and individuals towards building a more sustainable world. Speaking during the activities outlined to commemorate this year’s World Environment Day, Chief…

Read More

Children’s Day: Earlybrite CEO, Tubotamuno, Urges Govt. To Partner EdTech Companies

Admin

The Chief Executive Officer (CEO) of Earlybrite, Mr Victor Tubotamuno, on Friday urged the federal government to increase investment in education through strategic partnerships with Education Technology (EdTech) companies in the country. Tubotamuno said this in an interview with the News Agency of Nigeria (NAN) in Lagos ahead of the 2023 Children’s Day celebration on Saturday. Earlybrite is an EdTech company, which Tubotamuno said was committed to revolutionising education and empowering young learners through innovative digital solutions. He noted that technology had the potential to transform schools, hence, the government-EdTech…

Read More

Import Duties: First Bank Defrauds Federal Government of N100bn

Gideon Myek

.CBN, Clearing Agents Blacklist Lender …May face EFCC soon The Central Bank of Nigeria (CBN) on the orders of the House of Representatives Committee on Customs has delisted First Bank Plc from collection of import duty revenue due to its alleged failure to remit N100billion collected on behalf of the Federal Government of Nigeria on export proceeds for Nigerian Exports Promotion Council (NEPC). This indication was given by the Acting National President of Association of Nigerian Licensed Customs Agents (ANLCA) Dr Kayode Farinto innan exclusive chat with DAILY TREND on…

Read More

Lagos Couple Kidnaps Selves, Demands N5m Ransom From Relatives

Gideon Myek

The Lagos State Police Command has arrested a couple (name withheld) over alleged self-kidnap for N5 million ransom. The command’s spokesperson, SP Benjamin Hundeyin, confirmed this to the News Agency of Nigeria on Saturday. Hundeyin said that the husband, a 53-year-old technician and wife, a 48-year-old masseuse and bone setter, were arrested on Wednesday and Thursday respectively after a family member of the man reported the purported kidnap. He said the couple, who admitted to the crime, claimed they planned the self-kidnap with a view to raising N3 million to…

Read More

Cancer Causing Substance Found In Indomie Noodles

JUSTINA EMMANUEL OKPARA

Indofood, makers of Indomie instant noodles, has reacted to a recall of its products in Taiwan and Malaysia over an increased cancer risk. Health officials in Malaysia and Taiwan said they had detected ethylene oxide, a compound, in Indomie’s “special chicken” flavor noodles. Ethylene oxide is a colourless, odourless gas that is used to sterilise medical devices and spices and has been associated as a cancer causing chemical. The ministry of health in Malaysia said it had examined 36 samples of instant noodles from different brands since 2022 and found…

Read More

How Southerners Control Juvenile Sex Trade In Maiduguri

Admin

Despite the pervading insecurity, recent investigations have revealed that the den of prostitution in Maiduguri, capital of Borno State, has largely been in the hands of southerners and non-Muslim. According to findings, the current peaceful atmosphere has provided more grounds for the illicit trade to thrive Ironically, the Muslim dominated community has been taken over by this group of people for the purpose of promoting prostitution, drug and other illegal engagements. Prominent brothels housing underage girls are controlled by these men from with protection from serving and retired military personnel.…

Read More

How Okada Riders Killed Policeman– Eyewitnesses

Admin

Eyewitnesses have recounted how a yet-to-be-identified policeman was killed on Wednesday by rampaging commercial motorcyclists, known better as Okada riders, in the Cele-Ijesha area of Lagos State. The Okada riders were said to be protesting against the enforcement of the ban on commercial motorcycle operations in the area when the incident happened. PUNCH Metro gathered that during the clash, the motorcyclists also injured a Divisional Police Officer who was said to be part of the team enforcing the ban in the community. During the enforcement around 11 am on Wednesday,…

Read More

Basketmouth Shuns Response To AY’s Allegations

JUSTINA EMMANUEL OKPARA

Comedian Bright Okpocha, also known as Basketmouth, has refused to respond to the claim by his colleague, Ayodeji Makun, popularly known as AY, that the cause of their feud was a debt of N30,000. Recall that AY had in an interview with media personality Chude Jideonwo, said: “In 2006, Basketmouth usually had multiple wedding gigs on Saturdays’. So what he used to do at that point in time was to attend one, and at a point, leave the venue to catch up in the other venue. “Now, one of the…

Read More

Premium Pension Grows Asset Under Management To N1.041trn

JUSTINA EMMANUEL OKPARA

One of the leading Pension Fund Administrators in the country, Premium Pension Limited, has grown its Asset Under Management (AUM) to N1.000.41 trillion at the end of 2022 financial year. This is despite increasing economic challenges and stiff competition in the industry. This growth represents N120.93 billion over 2021 year-end of N879.48 billion, indicating a year-on-year growth rate of 12.08 per cent. Mr. Ibrahim Alhassan Babayo, Chairman, Board of Directors of Premium Pension Limited, disclosed this at the 18th Annual General Meeting (AGM) of the company held at its corporate…

Read More