Nigerian lender Sterling Bank Plc has announced the resignation of Indian Indian investor Paritosh Tripathi from its board.

Tripathi’s resignation was announced in fulfilment of mandatory corporate disclosures for companies listed on the Nigerian Exchange Group. In a regulatory filing to the exchange and signed by the company secretary and chief legal counsel, Temitayo Adegoke, Sterling informed shareholders of Tripathi’s resignation.

Mr. Tripathi, who served on the Board of Sterling Bank as a Non-Executive Director resigned from the lender’s board after an Indian company, SBI General Insurance appointed him as the new Chief Executive in July.

Read more>>> https://nigeriatodaynews.com/indian-banker-paritosh-tripathi-resigns-from-nigerian-lender-sterling-banks-board/

The inaugural edition of HackathonAfrica kicked off on Thursday, September 01, 2022, in Enugu, Southeast Nigeria.

The HackatonAfrica program, a brainchild of the US-based AfricaPlan Foundation, is an intensive software coding boot camp for fresh graduates aimed at tackling the steep digital skills deficit in the Southeast region and creating opportunities for the enterprising youth to tap into the burgeoning technology industry.

With Nigeria’s unemployment rate at more than 35%, the AfricanPlan Foundation said the HackathonaAfrica provides one of several unique opportunities that must be explored to creatively tackle the unemployment crisis through an inclusive and strategic digital upskilling program that creates opportunities for the next generation of young Nigerians to play an active part in the digital economy.

The Hackathon attracted massive interest from youths across the region with over 300 applications received. However, only twenty recent graduates were shortlisted to join the first cohort, which included ten males and ten females, underscoring the Foundation’s strategic commitment to inclusivity and removing biases by granting equal opportunities to both genders.

Read more>>> https://nigeriatodaynews.com/hackathonafrica-kicks-off-in-enugu-with-20-graudates-in-first-cohort/

The Presidential candidate of the Labour Party, Mr Peter Obi has identified his top priorities immediately after winning the 2023 elections.

“After we win the 2023 elections, we intend to use the instruments of job creation and regenerative investments to drastically reduce the high incidence of insecurity and poverty, while moving the economy from the consumptive to the productive mode,” Obi told party members at the Labour Party and The Coalition For Peter Obi (CPO) Leadership Summit in Abuja on Thursday.

He lamented the total collapse of the economy including insecurity, rampant inflation, the closure of universities, power shortages and a lack of unity among the ethnic groups in the country.

Read more>>> https://nigeriatodaynews.com/what-we-will-do-immediately-after-winning-2023-election-peter-obi/

Nigerian writer and filmmaker, Biyi Bandele died on Sunday in Lagos on August 7 of yet to be disclosed cause. Below are 13 things you need to know about the acclaimed filmmaker of Half of a Yellow Sun and the popular Netflix Series, Blood Sister.

1. Biyi Bandele was born in Kafanchan, Northern Nigeria, on 13 Oct. 1967. He was 54 years when he died.

2. Biyi studied Dramatic Arts at the University of Ife and thereafter proceeded to study at the Royal Court Theatre, London, the prolific dramatist, Wole Soyinka’s Alma Matter.

3. Biyi started writing before the age of 12 and published his fiction works which won him a BBC Award as a teenager.

4. Biyi lost his brother in the Nigerian Civil War in 1968

Rread more>>> https://nigeriatodaynews.com/biyi-bandele-13-things-you-didnt-know-about-blood-sister-director-who-died-this-week/

The presidential candidate of the Labour Party, Mr Peter Obi on Wednesday met with the new United States Consul-General to Nigeria, William B. Stevens.

Recall that Stevens was announced the new Consular-General for the United States Mission in Lagos on August 1. He succeeds Claire Pierangelo who led the US Consulate General Lagos from August 2019 to April 2022.

Obi tweeted a picture of himself and Stevens after their meeting in Lagos. He said his discussion with the Ambassador was constructive and that he share a vision of a new Nigeria to move the country to production.

Read more>>> https://nigeriatodaynews.com/breaking-peter-obi-meets-us-consular-general-william-stevens/

The Presidential pardon granted to former Governors Joshua Dariye of Plateau State and Rev. Jolly Nyame of Taraba State, and their subsequent release from jail this week brings to a successful and glorious end President Muhammadu Buhari’s bitter war on corruption.

The war, as expected, consumed many political gladiators and established many unscrupulous fellows who sniffed their way into the corridors of power.

The Nigerian people will not forget Buhari for ridding the country of corrupt practices and individuals. To be very honest, history would surely be kind to him for making sure that the country did not lose 30% of its GDP to corruption as projected before he came into office.

Read more>>> https://nigeriatodaynews.com/buharis-war-on-corruption-comes-to-a-successful-end/

Two former governors convicted of widespread corruption while in government, including theft of over 3 billion naira collectively were released from jail on Monday after serving only a fraction of their time. Jolly Nyame – a former Taraba Governor was meant to serve a 14-year jail term from 2018 for allegedly diverting N1.64 billion in May 2007, while Joshua Dariye, a former governor of Plateau State was convicted for looting over N2 billion when he served as Plateau Governor between 1999 and 2007.

President Muhammed Buhari, who had a well-regarded anti-corruption reputation, pardoned the two men in April this year.

Mr. Dariye looked nothing like a man who endured the inconvenience of jail time. He looked well kept, plump, adorned in a clean white native attire, and posed for the camera with broad smiles from his luxury SUV when he departed the correctional centre on Monday afternoon.

Read more>>> https://nigeriatodaynews.com/nigeria-in-brief-dariye-nyame-freed-from-jail-kizz-daniel-arrested-in-dar-es-salaam/

As the 2023 Nigerian general elections draw nearer, various political actors, especially those in the minority or opposition party are warming up to wrestle powers away from the ruling All Progressive Congress, APC especially at the federal level while the ruling party itself and its candidates are not resting on their oars to retain power beyond the current dispensation.

Of all available elective positions, only the office of the Nigerian President is the focus of this article; and it seeks to x-ray the fate of a Nigerian President when it comes to his being removed from office for a grave violation of the constitution and/or for an act(s) of gross misconduct by the National Assembly; especially where his political party at the point of his election, occupies the minority seats at the National Assembly.

Amongst other things, this article is coming against the backdrop of some media postulations that even if Mr. Peter Obi of the Labour Party clinches the office of the Nigeria President come 2023 presidential election, his removal from office by the National Assembly would be easy given that it is difficult to see his party, the Labour Party clinching the majority seats at the National Assembly come 2023.

Read more>>> https://nigeriatodaynews.com/why-it-is-near-impossible-to-impeach-peter-obi-even-if-labour-party-does-not-control-the-national-assembly/

Nigeria’s apex Bank is yet to conclude plans to put up for sale bridge lender, Polaris Bank as widely reported in the media in the past week.

The widely circulated publication had alleged that the Central Bank of Nigeria, CBN is secretly plotting the sale of the lender to cronies at a giveaway price.

Polaris Bank described the publication in a statement on Friday as “speculative, deliberately intended to create panic and should be disregarded by the banking public”.

Read more>>> https://nigeriatodaynews.com/cbn-not-selling-polaris-bank-yet/

The Man from Toronto tells the story of Teddy, (Kevin Hart) a struggling entrepreneur, who teams up with a deadly assassin, Toronto, (Woody Harrelson) in hopes of staying alive. Things turn awry when the assassin’s handler marks him for dead alongside Teddy, as they both work with the CIA to capture a rogue Venezuelan Colonel who plans to bomb his country’s embassy in the US.

The Man from Toronto is a 2022 action comedy film directed by Patrick Hughes, starring Kevin Hart and Woody Harrelson in central roles; and Jasmine Mathews, Pierson Fode, and Ellen Barkin in supporting roles. It is a Netflix original and was released on the platform on the 24th of June, 2022.

Read more>>> https://nigeriatodaynews.com/netflix-chill-see-the-man-from-toronto-for-hilarious-fun-weekend/

Nigeria’s agric lender, Unity Bank Plc posted impressive half-year financial results on Friday, with gross earnings rising 17 per cent to N27.6 billion.

Profit Before Tax (PBT) rose by 23% to N1.8 billion compared to N1.5 billion in H1’21. Profit After Tax (PAT) for the period equally rose by the same token, growing 23% to close at N1.6 billion from N1.382 billion in H1’21.

Interest and similar income rose 18% to N23.938 billion from N20.273 billion in the corresponding period of 2021, a sign that the lender has resumed active lending after cleaning up its loan book over the past five years. Its loan books rose to N303.632 billion from N269.270 billion in the comparative period, representing a 13% growth.

Earnings also came from its digital channels, on the back of sustained investment in its digital payment infrastructure.

Read more>>> https://nigeriatodaynews.com/bumper-earnings-unity-bank-extends-profit-streak-in-h122/

Nigeria may not be broke yet, but it is well on its way. Africa’s largest economy has a worrisome revenue crisis that has compounded budget deficits, hampering its ability to support expenditure and debt servicing.

On July 21, Finance Minister Zainab Ahmed said debt servicing, for the first time, surpassed revenue between January and April – a clear signal of the government’s gross revenue shortfall, amid growing debt stock, which currently stands at N41.60 trillion, about $100.07 billion.

The government insists the debts are relatively low, compared to the GDP. Pundits believe otherwise. The International Monetary Fund, IMF has repeatedly warned that despite the low debt to GDP ratio, the revenue challenges make debt servicing unsustainable.

Only last month, the Fund warned that debt servicing might take all of Nigeria’s revenue by 2026. The chicken may have come home to roost, much earlier than expected.

Read more>>> https://nigeriatodaynews.com/nigerias-empty-cookie-jar-africas-largest-economy-faces-its-worst-revenue-crisis/

Nigeria’s former Deputy Senator President, Ike Ekweremadu may be staring at a maximum of 10 years in the UK prison, should he be convicted of child trafficking offences.

Recall that Ike Ekweremadu and his wife, Beatrice were in the early hours of Thursday arrested and charged for bringing a child to the UK for organ harvesting.

Under the UK law, “on summary conviction, a defendant found guilty of a trafficking offence faces up to 12 months imprisonment and/or an unlimited fine. On conviction on indictment, the maximum sentence is 10 years’ imprisonment. However, where the offence involves false imprisonment or kidnapping, it is life imprisonment,” according to InBrief, a leading UK legal information website.

It noted, “Under Section 2, an individual commits an offence if they arrange or facilitate the travel of another with a view to that person being exploited.”

Read more>>> https://nigeriatodaynews.com/ike-ekweremadu-faces-up-to-10-years-in-uk-prison/

1. This election is not Osinbajo VS Tinubu

The supporters of Prof Yemi Osinbajo need to understand that the APC primary is going to be him contesting against about 20 other aspirants from different states, and not just APC leader, Asiwaju Bola Ahmed Tinubu.

I feel it is some sort of disservice to an intelligent man like PYO wanting to lead Nigeria when all his supporters focus on is what the supporters of Bola Ahmed Tinubu have said, could have said or are going to say about him.

It feels like reducing the man to a regional politician who wants to be governor of Lagos state or one of the southwest states and is seeking attention from the Jagaban.

Whether or not they admit it, it smirks of fear or inferiority complex or a guilty conscience. While none of this might be the situation, the general electorates might not care once the perception is fully developed in their minds.

If Osinbajo gets his party’s ticket for the presidential election, the general election is going to be tougher, the campaigns being fiercer and the earlier they focus on the man himself, the better for them and his ambition.

Read more>>> https://nigeriatodaynews.com/4-mistakes-osinbajo-supporters-are-making/

The build-up to the All Progressives Congress (APC) primaries in Oyo state is getting more intriguing, as different interest groups continue to scheme underground for their preferred candidates for different offices.

The race for the Oyo South senatorial ticket seems to be the most contested, although, it looks likely to be a one-horse race as rumour has it that APC leader and presidential aspirant, Asiwaju Bola Ahmed Tinubu has been reaching out to party bigwigs in Oyo state to support his preferred candidate, Senator Rilwan Adesoji Akanbi.

This is not unexpected as Akanbi has been at the forefront of the South West Agenda (SWAGA) a political vehicle that has vigorously sold the Tinubu presidency across Yoruba states.

Tinubu is also believed to have argued that Senator Akanbi’s experience as a senator from 2015 to 2019 and his superior national influence is an asset to the party and the state, especially as the party would be facing a ruling PDP that is desperate to win all the seats in the state.

Read more>>> https://nigeriatodaynews.com/tinubu-woos-oyo-apc-to-support-senator-akanbi/

Former Lagos Governor and All Progressives Congress, APC Presidential hopeful, Senate Bola Ahmed Tinubu has finally found his tongue after years of silence and criticised the government he helped to install, over the worsening state of affairs in Nigeria.

In a break from the past, Tinubu told a youth rally over the weekend in Lagos that “Nigerians were fed up with Buhari’s government and persistent excuses over the never-ending insecurity and other socio-economic challenges in the country”.

He described the youths as brilliant and encouraged them to team up with him and make Nigeria better.

Read more>>> [url][/url]https://nigeriatodaynews.com/tinubu-tells-buhari-nigerians-are-tired-of-excuses/

First off, let me start by saying that whilst real estate investing is very lucrative – it is not exactly meant for everyone at any given point in time. There are instances where investing in real estate will not be in your best interest and that will be a fact that you must accept. This article will focus on the 4 real estate investment options available to beginners.

But that aside, real estate investing is a great way to build great fortunes, and sustainably too.

One of the real estate investment options is Gentrification, which is becoming a popular form of real estate investing as many people have discovered that this is also a great way to make money very quickly.

Read more>>> https://nigeriatodaynews.com/4-real-estate-investment-options/

Former CEO of Flutterwave, Iyinoluwa Aboyeji has said he no longer owns any shares in Africa’s most valuable startup, which he co-founded in 2016 – a revelation that many would find rather shocking.

In a response to David Hundeyin’s recent investigative article alleging fraud, sexual harassment and insider trading in Flutterwave, Iyinoluwa Aboyeji told TechCabal that he sold his shares after Flutterwave raised $170 million in a Series D round that pushed the company to a unicorn. He owned 17% of the company.

Read more>>> https://nigeriatodaynews.com/i-dont-own-any-shares-in-flutterwave-iyinoluwa-aboyeyi/

By November 1, 2022 (this year), FRANCIS ANỊZỌBA ARỊNZE would be exactly 90 years old having been born on November 1, 1932.

Arịnze—the son of Arịnze Nwankwụ—is from (Ọdịda) Ụmụikwele village in Eziowele, a town in Idemmili LGA of the present-day Anambra State. At 90, Francis Arịnze has outlived the indigenous pioneer leaders and icons of Ìgbò Catholicism with whom he built the behemoth of what is today the Catholic enterprise among the Ìgbò (both within Ìgbòland and outside of it).

Having lived this long as an important historical reference, Arịnze’s life—(for anyone who values understanding the Christianization journey of the Ìgbò)—is a deeply consequential one.

Not many Ìgbò people know that Francis Arịnze was once famously known throughout the world as “the youngest archbishop in Africa” (arguably beyond the Catholic Christendom). Arịnze became a bishop a few months before he turned 33 in 1965. And, at 34, just about five months before his 35th birthday in 1967, he has pronounced an archbishop—actually the Archbishop of Ọnịcha and the Metropolitan of all of its ecclesiastical province. By being “Metropolitan of Ọnịcha Ecclesiastical Province” at the time, the whole of the Catholic empire in Ìgbòland (except that of the West Niger Ìgbò) came under Arịnze’s leadership and direction. He was only 34 going to 35!

Read more>>> https://nigeriatodaynews.com/before-cardinal-arinze-turns-90/

Nigerian lender, Zenith Bank Board of Directors has received new members. The latest appointments to the Zenith Bank board of directors include Mrs. Adobi Stella Nwapa and Mr. Anthony Akindele who have been appointed Executive Directors. Others appointed to the Zenith Bank board of directors include Mr. Peter Olatunde Bamkole and Mr. Chuks Emma Okoh, who have been appointed as Non-Executive Director and Non-Executive Director, respectively.

In a notice by Zenith Bank filed with the Nigerian Exchange Group on Wednesday and signed by the company’s secretary, Michael Osilama Out, the Bank said the appointment of the Executive Directors, was consistent with the Bank’s “tradition and succession strategy of grooming leaders from within”. It noted that all the appointments have been approved by the CBN effective from April 12, 2022.

Read more>>> https://nigeriatodaynews.com/zenith-bank-board-of-directors-new-members/

The world’s largest professional network company, LinkedIn, has released its 2022 list of best places to work in Nigeria.

Tagged“Top Companies 2022: The 25 best workplaces to grow your career in Nigeria”, the Nigerian companies that made it onto the list include companies in financial services, information technology, consumer goods, food and beverages, oil and gas, telecommunications, professional services and internet services.

Financial services companies in Nigeria dominated the list with the top four companies ranked being Access Bank, GTB, Stanbic IBTC and Zenith Bank.

The world’s largest brewer, Anheuser-Bush Inbev, ranked fifth on the list. Union Bank of Nigeria Plc made the cut at number six, followed by Sterling Bank Plc at number seven, while British American Tobacco, BAT Nigeria, was ranked number eight.

Read more>>> https://nigeriatodaynews.com/linkedin-releases-25-best-places-to-work-in-nigeria/

In what appears to be a rebuttal to an incisive investigation that revealed the rot at Africa’s largest unicorn, Flutterwave by investigative journalist, David Hundeyin on Tuesday, the co-founder, Iyin Aboyeji, has stated that he personally incorporated the company in 2016.

This is against the report’s claim that Gbenga Agboola, the CEO incorporated the company in 2017.

Read more>>> https://nigeriatodaynews.com/i-personally-incorporated-flutterwave-in-iyin-aboyeji/

The Nigerian arm of Africa’s largest network operator, MTN Nigeria Communications Plc has received final approval from Nigeria’s central bank to commence operations of MTN Payment Service Bank, PSB in the country.

The final approval of the MTN payment service bank comes six months after the apex bank also granted approval in principle to Bharti Airtel’s Nigerian operations to operate PSBs.

Read more>>> https://nigeriatodaynews.com/what-mtn-payment-service-bank-means/

Ex-President Jonathan’s car accident claimed two of his aides after a vehicle in his convoy on Wednesday over-sped and ran into another resulting in a ghastly accident.

Two others who are police officers were seriously injured in ex-President Jonathan’s car accident.

Read more>>> https://nigeriatodaynews.com/what-we-know-about-ex-president-jonathans-car-accident/

Nigerian cement maker, Dangote Cement Plc has obtained approval from its Board of Directors to access the Capital Markets for medium to long-term debt funding under its N300 billion debt programme.

In a notice sent to the NGX Group on Wednesday and signed by Dangote Cement’s Deputy Company Secretary, Edward Imoedemhe, Dangote Cement said it “had submitted an application to the Securities and Exchange Commission in respect of the bonds, and relevant approvals have now been received”.

Read more>>> https://nigeriatodaynews.com/dangote-cement-to-issue-additional-bonds/

Nigeria’s largest lender by market valuation, Zenith Bank Plc will pay a final dividend of N2.80K per share to investors amounting to a gross dividend totalling N87, 910,182,604.00 for the year ended December 31, 2021.

Zenith Bank shareholders also approved the re-election of Mr. Jim Ovia who has attained the age of 70 since the last AGM as a Non-Executive Director.

Read more>>> https://nigeriatodaynews.com/zenith-bank-shareholders-approve-re-election-of-jim-ovia/

Nigerian lender, First Bank has notified investors and the Nigeria Exchange Group of its inability to publish its audited full-year 2021 financial result, which was due for release by March 31, 2021.

The Nigeria Exchange Group, NGX’s rule requires all publicly quoted companies to publish audited financial reports of the previous year in the first quarter of the preceding year. Companies that fail to file within the period get 30 days’ grace after which they must pay a heavy fine.

Read more>>> https://nigeriatodaynews.com/2021-reult-first-bank-notifies-investors-of-delays/

MTN Nigeria will explain to investors on April 8 2022 how a recent directive by Nigeria’s telecom regulator, the Nigeria Communications Commission, NCC to restrict all outgoing calls from SIMs not yet linked to National Identification Number; will affect service revenue as it confirms that the directive will affect no fewer than 21 million subscribers.

In a statement, MTN Nigeria said it has made good progress with approximately 47M subscribers, representing approximately 67% of subscribers, having submitted their NINs by 31 March 2022. The provider had 68 million subscribers as of the end of 2021, which means that at least 21 million subscribers will be impacted by this directive.

Read more>>> https://nigeriatodaynews.com/restrictions-affect-over-20m-mtn-nigeria-subscribers/

After months of enforcing a Monday sit-at-home order to protest the illegal detention of separatist leader Nnamdi Kanu, the newly inaugurated government of Professor Chukwuma Soludo said it has secured an agreement with the separatist group, the Indigenous Peoples of Biafra, IPOB to end the weekly protest in Anambra.

“Following the unanimous agreement of our leaders across the board, and the endorsement of the entire body of Christ, I am pleased to inform our people that today, Monday, April 4, 2022, marks the official end to the “Monday sit-at-home” in Anambra State,” Anambra Governo Prof. Chukwuma Soludo announced on Monday.

Read more>>> https://nigeriatodaynews.com/today-marks-end-of-monday-sit-at-home-in-anambra-soludo/

Nigeria’s central bank governor, Godwin Emefiele is not new to absurdity. The first sign of it was probably when Nigerians saw him praying alongside President Muhammadu Buhari in a mosque in Abuja shortly before the historic renewal of his tenure for another five-year term as the central bank Governor.

According to some reports from a section of the media, Godwin Emefiele had allocated N500 billion for his presidential ambition. He has also allegedly procured three private jets for the purpose of his campaign. All these, while still running the affairs of the central bank.

Read more>>> https://nigeriatodaynews.com/godwin-emefieles-ridiculous-bid-for-nigerias-presidency/

Nigeria’s entertainment industry has been thrown into mourning following the sad passing of Kunle Adetokunbo, popularly known as Dejo Tunfulu on Friday morning in Lagos at the age of 49.

Below are 3 things we know about the actor:

Read more>>> https://nigeriatodaynews.com/revealed-3-things-we-know-about-dejo-tunfulu/

Are you looking to tap into eCommerce in Nigeria? If you are, then you are looking in the right direction because sales from eCommerce in Nigeria are projected to reach about $75bn by 2025.

The world has seen an increase in retail and eCommerce activities in the last two decades. This growth has consistently been fueled by increasing internet penetration, smarter phones, the millennial buying population, and the overall digitization of modern life. However, the pandemic at the beginning of 2020 has further added fuel to the fire fueling this impressive growth.

Reports suggest that activities around eCommerce in Nigeria on Instagram are probably far more than Jumia and Konga combined.

This article highlights some of the opportunities that eCommerce in Nigeria provides for entrepreneurs, especially retailers in Africa who can take advantage of it in this growing industry.

Read more>>> https://nigeriatodaynews.com/how-to-start-ecommerce-in-nigeria-and-tap-into-the-booming-25b-industry/