The fourth leg of the first season of the X-Kart Race Series in Nigeria returns to the Work and Play Arena on Abeokuta Express Way, Ogun State, on Saturday, August 3, with a new team joining the challenge. Team Larry was announced as the 12th team for the season, and they believe that joining the fray at the fourth race has nothing to do with their chances. “I believe we have more chances as our racers are fresh and benefit from incorporating the weaknesses of all the other teams into their game plan. We are better prepared,” said the captain…
Author: UZDO Media
Co-founder and CEO of Verto, Ola Oyetayo, with a background in finance, consulting, and entrepreneurship, discusses the potential role of fintech in the ongoing bank recapitalisation with FELIX OLOYEDE How will you assess Nigeria’s fintech ecosystem? Nigeria’s fintech ecosystem is evolving rapidly, largely due to increasing mobile penetration and demand for digital financial services. Over the past decade, there has been a wave of innovative venture-backed fintech companies and this has really accelerated the adoption of their solutions by consumers, Given the highly entrepreneurial culture in Nigeria, I expect this trend to continue What role do you think fintechs can…
Nigerian table tennis player Offiong Edem says Nigerians should offer more support and not criticisms to athletes representing the country at the ongoing Paris Olympic Games, following the exits of Quadri Aruna and Omotayo Olajide in the men’s singles on Saturday, PUNCH Sports Extra reports. Nigeria had a bad start in the table tennis event on Saturday with the two representatives in the men’s singles, Aruna and Olajide, crashing out after just one game each. While Olajide’s 4-1 defeat against Iran’s Noshad Alamiyan didn’t come as a surprise, Aruna’s ouster was shocking as the African champion threw away a three-set…
The Federal Government has raised about N4.13tn from bonds in the first half of 2024. This was revealed in the FMDQ Exchange Financial Markets Monthly Report for June 2024. The value of new issuance of FBN bonds for June, which was N297.01bn, was the lowest in six months and the highest was N1.49tn in February. In January, the value of FGN bonds issued was N418.20bn, N608.86bn in March, N628.81bn in April and rose to N682.07bn in May. At the end of June 2024, the value of outstanding FGN bonds, which includes savings and green bonds, stood at N26.22tn, which is…
Telecommunication companies in Nigeria have commenced the final phase of disconnecting Subscriber Identity Module numbers (telephone lines) not linked to National Identification Numbers. Two senior officials from the telcos who were not in a position to speak publicly on the matter confirmed this development to The PUNCH on Sunday. The disconnection was initially scheduled for April 15, 2024, but the Nigeria Communications Commission postponed it to July 31, 2024, after carefully considering the various challenges encountered by subscribers and requests for extensions. “This is not only about MTN; it’s an industry issue. The Association of Licensed Telecom Operators of Nigeria…
Controversy has trailed the conduct of the Peoples Democratic Party congresses in Rivers and Kogi states. The party, however, successfully conducted its ward congress to elect new ward executives in Akwa Ibom State. A Rivers State High Court presided over by Justice Charles Wali had, on Friday, barred the party, its National Chairman, Iliya Damagum, and National Secretary, Senator Samuel Anyanwu, or their agents from gathering anywhere in Rivers State to hold ward, local government, and state congresses, pending the determination of the suit before the court. Justice Wali further directed the Inspector General of Police, the state Commissioner of…
The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Central Bank of Nigeria “over the failure to account for and explain the whereabouts of the over N100bn ‘dirty and bad notes’ and ‘other large sum of cash awaiting examination’ which are kept in various branches of the CBN.” In a suit marked FHC/L/MSC/441/2024 filed last week at the Federal High Court in Lagos, SERAP is asking the court to “direct and compel the CBN to explain the whereabouts of the over N100 billion dirty and bad notes kept in various branches of the CBN since 2017.” In…
As the Lagos State Government moves to intensify efforts towards its monthly sanitation awareness programme, it has hinted plans to introduce smart waste bins for every tenement in the state. A statement on Sunday by the Director, Public Affairs, Ministry of Environment, Mr. Kunle Adeshina, mentioned the Special Adviser to the Lagos State Governor on Environment, Olakunle Rotimi-Akodu, gave the hint when he led other state officials during the ongoing Weekly Sanitation Awareness and cleaning exercise held at Ajeromi Local Government. He added that indiscriminate waste disposal is a major contributor to prevalence of communicable diseases. Akodu who was accompanied…
Lagos indigenous youths, under the Lagos Indigenous Youth Network, have voiced their opposition to the planned hunger protest slated for August 1, to 10 2024, stating they are unwilling to witness a repeat of the #EndSARS destruction in the state. At a press conference held on Sunday, youth leaders from the five divisions of the state gathered at the statue of the three Wise Men in Ikeja, the state capital, to express their concerns, asserting that the protest appears to have political motivations rather than genuine concern for the public interest. A leader in LIYN Mobolaji Ogunlende, speaking on behalf…
The Presidency on Sunday said Nigerians reserve the right to peaceful protest. It also said President Bola Tinubu’s administration is poised to serve Nigerians, not “dominate” them. Special Adviser to the President on Media and Publicity, Ajuri Ngelale, who spoke during a TVC interview programme, Politics on Sunday with Femi Akande, was addressing concerns about the government’s stance on peaceful protests planned for August 1-10. He said, “Let me be clear: we are not in office to dominate our people; we are here to serve them”. He emphasised that no organ of the administration “has the authority” to prevent Nigerians…