By Ayomide Otitoju Payroll fraud is causing significant financial losses for South African companies and taxpayers, according to industry experts. The Public Servants Association reports that ghost employees are costing the public sector nearly R4 billion, while the Chartered Institute of Payroll Professionals estimates that payroll fraud drains at least R100 million annually from businesses,…
By Ayomide Otitoju The African Development Bank Group (AfDB) has approved a €17.71 million loan to support the second phase of Cabo Verde’s E-Governance and Public Financial Management Reform Programme. The approval was granted on Monday, continuing the Bank’s support from last year as the island nation leverages technology to boost economic growth and administrative…
By Ayomide Otitoju Cassa Depositi e Prestiti (CDP), the African Development Bank (AfDB), and CDG Invest, part of Morocco’s Caisse de Dépôt et de Gestion (CDG) Group, have signed a landmark agreement formalising CDG Invest’s entry into the Growth and Resilience Platform for Africa (GRAf). The announcement was made in Rabat during the 2025 Market…
By Ayomide Otitoju The Federal Government has launched the Renewed Hope Campus Transport Scheme, deploying 240 solar-powered electric tricycles to 12 federal universities to improve student mobility and promote clean, sustainable transport. The initiative was inaugurated at the University of Lagos (UNILAG) by the Minister of Education, Dr. Maruf Tunji Alausa FAMedS CON, who said…
Belgian authorities on Tuesday arrested three individuals following raids on EU offices and the College of Europe as part of an investigation into suspected fraud linked to the training of future diplomats, prosecutors said. The European Public Prosecutor’s Office (EPPO) said searches were carried out at the College of Europe in Bruges and at the…
Thailand has relaxed its decades-old restrictions on alcohol sales, allowing the purchase of beer, wine and spirits during previously prohibited afternoon hours as part of a six-month trial. Under the revised rules, announced Wednesday, retailers may now sell alcohol from 11:00 a.m. until midnight, lifting the long-enforced ban on sales between 2:00 p.m. and 5:00…
Ayomide Otitoju Fidelity Bank has received national recognition for its role in advancing the digital transformation of Nigeria’s trade system, earning a top honour at the 2025 Comptroller General of Customs Award Night. The award ceremony, held on 21 November at the Transcorp Hilton Hotel, Abuja, saw the Nigeria Customs Service (NCS) commend Fidelity Bank…
By Ayomide Otitoju As part of its commitment to child development and family-friendly programming, GOtv will air the highly anticipated MTN mPulse Spelling Bee Grand Finale this Saturday at 10:00 a.m. on Channel 49. The competition will showcase some of Nigeria’s brightest young spellers, offering viewers an engaging blend of excitement and learning. The event…
By Ayomide Otitoju TotalEnergies announced on Monday that it will sell a 40 percent stake in two offshore exploration licenses in Nigeria to Chevron, in a move aimed at strengthening collaboration between the French and U.S. energy giants. “This new joint venture aims at derisking and developing new opportunities in Nigeria … to unlock new…
