National coordinator of the Investment in Digital and Creative Enterprises (iDICE) programme at the Bank of Industry (BOI), Ife Adebayo, will deliver the keynote address at the QEDNG Creative Powerhouse Summit 2.0 on Tuesday, August 11, at Radisson Blu Hotel, Ikeja, Lagos. The announcement was made by Mighty Media Plus Network LTD, the parent company of online newspaper QEDNG, on Wednesday. Themed Creativity, Culture and Nigeria’s Next Chapter,” the summit will examine how stronger partnerships among government, investors and the creative community can unlock opportunities for growth, job creation and sustainable development. A technology and innovation professional, Mr Adebayo has spent more than…
Author: Lilian Azuh
United Bank for Africa Plc has announced that its group chairman, Tony Elumelu, will retire from the board of directors on August 21, 2026. The bank disclosed this on Monday during its board meeting, asserting that the process was necessary after the completion of the maximum 12-year tenure for non-executive directors prescribed by the Central Bank of Nigeria. The financial institution also named a current non-executive director on the board, Emmanuel Nnorom, as its incoming group chairman, whose appointment will take effect on the same day Elumelu retires. In a statement released shortly after the meeting, the bank said, “The…
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MFBs), citing their failure to meet regulatory requirements for continued operation. In a statement on Wednesday by Hakama Sidi-Ali, acting director of corporate communications, the apex bank said the revocation took effect from July 1, 2026, in line with Sections 12 and 13 of the Banks and Other Financial Institutions Act (BOFIA), 2020. The CBN said the action was approved by Olayemi Cardoso, the apex bank governor, as part of efforts to safeguard the stability of the financial system, protect depositors and ensure compliance with…
US President Donald Trump publicly praised rapper Nicki Minaj during a luncheon at the White House Rose Garden on Monday. Trump described the Grammy-nominated artist as “so hot”, commending her talent and character. Speaking during the event, the president singled out the 43-year-old rapper, calling her a close friend and someone admired by many. “We also have a woman that is so respected and so hot and so great and such a great friend of, I don’t say conservative, I say of common sense,” Trump said before shifting briefly to remarks about Democratic Socialists and communism. Returning to Minaj, he…
Nollywood actress Iyabo Ojo has spoken candidly about the secret behind her youthful appearance, her relationship with talent manager Paul Okoye. The 48-year-old actress made the revelations during an appearance on broadcast journalist **Morayo Afolabi-Brown>’s The Morayo Show on Monday. Speaking about the secret behind her glowing appearance, Iyabo Ojo said happiness and a fulfilling relationship, rather than marital status, are what truly matter. “We (single mothers) are happy. I think some married women are happy too. I don’t think it’s about being single or being married. “I think it’s about the person that you’re with. Sex has a lot to do…
Nollywood actress Cynthia Anijekwu has made an emotional appeal to Nigerians for financial assistance after revealing that she is battling cancer for the second time. In a video circulating on social media on Tuesday, the actress disclosed that she was first diagnosed with cancer in 2023, when she underwent surgery followed by chemotherapy in a bid to halt the disease. She maintained that doctors initially managed the condition after the treatment, but the cancer later returned and has since spread to her bones, requiring more intensive care, including radiation therapy and another surgery. According to Anijekwu, recent medical examinations revealed…
The embattled Director General of the “fake” Presidential Foreign Intervention Promotion Council, Adeniyi Adeyemi Matthew, has explained the reasons he established the now-defunct agency. Matthew, while speaking with social media critic, Martins Otse, popularly known as VeryDarkMan, in a video call on Wednesday, revealed that it was not unconnected to his passion for Nigeria’s outlook in the world, attracting foreign investors and promoting President Bola Tinubu’s administration, rather than for personal interest. He also claimed that he was not aware of his agency’s budget insertion and defence in the national budget approved by the National Assembly and assented to by…
The Senate on Wednesday declined to launch a fresh investigation into the controversial N1.3bn budgetary allocation to the purported Presidential Foreign Intervention Promotion Council, saying it would await the outcome of the ongoing probe by the Independent Corrupt Practices and Other Related Offences Commission ordered by President Bola Tinubu. The decision followed a point of order raised by the Senator representing Kano South, Kawu Sumaila, who urged the upper chamber to investigate how the agency, which the Presidency has described as non-existent, secured a N1.3bn allocation in the 2026 Appropriation Act. As Sumaila began presenting his motion, Deputy Senate President…
L – R: Mr. Abolore Solebo, Executive Director, Corporate Bank; Dr. Nneka Onyeali-Ikpe, Managing Director/Chief Executive Officer (both of Fidelity Bank Plc); Mr. Ronald Adams, Managing Director; Mr. Tunde Oduwole, Group Finance Director (both of Shell Nigeria Exploration and Production Company Limited, SNEPCo); at the Memorandum of Understanding signing ceremony between SNEPCo and Nigerian banks for a $3bn contract finance facility aimed at improving access to credit for indigenous oil and gas contractors executing projects for the company in Lagos recently. Fidelity Bank Plc has reinforced its commitment to Nigeria’s oil and gas sector through its participation in the $3…
The Federal Government has broken ground on three interconnected mini-grid projects in Kofare, Saminaka and Mbamba communities of Adamawa State, with a combined generation capacity of 13.5 megawatts, in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu, GCFR, to expand electricity access to underserved communities across Nigeria. Speaking at the groundbreaking ceremony, the Honourable Minister for Power, Joseph Tegbe, described the initiative as another milestone in the nation’s journey towards universal electricity access, energy security and a cleaner energy future. He stressed that mini-grids are not a substitute for the national grid but an integral part of…