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FG Accuses Institutions of Hindering NELFund Disbursements

By Ayomide Otitoju The Federal Government has accused certain tertiary institutions and financial institutions of deliberately undermining the National Student Loan Fund (NELFund) by withholding critical disbursement information and obstructing access to approved education loans. The National Orientation Agency (NOA) disclosed the allegations on Sunday following a strategic meeting between NOA Director General, Lanre Issa-Onilu,…

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UBA Launches Upgraded Digital Platforms for Enhanced Efficiency

By Ayomide Otitoju United Bank for Africa (UBA) has rolled out upgraded digital platforms aimed at boosting efficiency, security, and customer experience, as part of its ongoing campaign themed “Innovation for Progress: Empowering SMEs, Connecting Communities, Simplifying Banking.” The bank’s newly enhanced Point of Sale (PoS) terminals now come equipped with features such as instant…

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Iyawe Commends Tinubu’s NNPC Board Overhaul

By Ayomide Otitoju The lawmaker representing Oredo Federal Constituency in Edo State, Hon. Esosa Iyawe, has applauded President Bola Tinubu’s recent overhaul of the Nigerian National Petroleum Company Limited (NNPC) board, describing the move as “timely and strategic” in addressing inefficiencies within the state-owned energy giant. President Tinubu, in a significant leadership shake-up, appointed Bayo…

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NERC Fines 8 DisCos N628.03 Million for Billing Violations

By Ayomide Otitoju The Nigerian Electricity Regulatory Commission (NERC) has imposed a fine of N628.03 million on eight electricity distribution companies (DisCos) for violating the capped estimated billing regulations for unmetered customers. In a statement issued Thursday, the commission said the penalties followed a review of billing practices by Abuja, Eko, Enugu, Ikeja, Jos, Kaduna,…

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MTN Plans to Cut Stake in MTN Nigeria to 65% After Profit Return

By Ayomide Otitoju MTN Group President and CEO Ralph Mupita has revealed plans to reduce the Group’s shareholding in MTN Nigeria from 76 percent to 65 percent through a public offer—once the unit returns to profitability and resumes dividend payments. Speaking during an editors’ roundtable this week, Mupita reiterated the Group’s long-standing commitment to enhancing…

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