Total Nigeria Plc on Thursday has said that the company’s shareholders on Aug. 19, voted to change its name to TotalEnergies Marketing Nigeria Plc. This was contained in a formal notification signed by the Company’s Secretary/Executive General Manager, Mrs Bunmi Popoola-Mordi, to the investing public and the Nigerian Exchange (NGX) Limited in Lagos. Popoola-Modi said: “The name change is accompanied by a new visual identity for all of our activities. “It is aimed at anchoring our transformation to a multi-energy group, such transformation being based on a development strategy of two pillars, gas and renewable electricity as well as the…
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A Chief Magistrates’ Court in Kano on Friday ordered two civil servants who allegedly sodomised a 20-year-old man to be remanded in a correctional centre. The men- Nasiru Isyaku,48, and Lawal Uba,31, who both live at Kofar Dan’agundi Quarters Kano, were arrested by police and charged with criminal conspiracy, unnatural offence and constituting public nuisance. Prosecution Counsel Asma’u Ado told the court that Isyaku and Uba committed the offence on July 15. READ ALSO: Tragedy As Priest Slumps, Dies While Ministering On Altar In Delta She said it happened at about 5:00 p.m when the two men deceived and lured…
In Nigeria, there are more than 40 million micro-businesses underserved in some form or another regarding banking services. Although some of these businesses have registered bank accounts, gaps exist in how banks use the data available to serve the needs of each business. With banks, presenting a series of transactions as statements is all these businesses require. They care less about providing them with insights and growth opportunities around their customers and products. A fintech startup, Prospa wants to change that and has begun to tap into this market. In March, the company was one of the 10 African startups participating in Y Combinator’s winter batch. A few months past…
The Governor of Oyo State, Seyi Makinde has thrown his weight on the side of the states in the ongoing VAT controversy between the states and the federal government, stating that it is important because it leads to policies that increase Internally Generated Revenue for states. Makinde disclosed this in his newsletter on Thursday evening. He said, “There has been so much happening in politics and governance in the past two weeks. For example, there have been debates about VAT. “These debates again bring to the fore the importance of states taking decisions that will increase their internally generated revenue and attract…
From all indications, the last may not have been heard about the high-profile debt case involving businessman Barrister Jimoh Ibrahim and his companies and the Asset Management Corporation of Nigeria (AMCON) as a Federal High Court Lagos Division on Thursday cautioned NICON Insurance Limited against what it called ‘forum shopping.’ Recall that AMCON in November 2020 following a court order seized the properties of the barrister Jimoh Ibrahim over an alleged debt of nearly N70billion, which was sold to AMCON by Union Bank as a non-performing loan in the early days of AMCON. The affected businesses of the embattled businessman include NICON…
MTN Nigeria Communications Plc has paid over N71.9 billion to the Nigerian Communications Commission (NCC) to renew its Unified Access Service (UAS) license and Spectrum license for wireless local loop in the 900MHz and 1800MHZ band. This was disclosed by MTN Nigeria via a statement issued and signed by its Company Secretary, Uto Ukpanah, on Wednesday. According to the company, the licenses, which expired on August 31, 2021, have now been renewed for a further ten-year period, starting on September 1, 2021. What you should know The regulator (NCC) acknowledged the receipt of the sum of N71.6 billion for the…
Not quite long after attaining unicorn status, Flutterwave is in the news again for good. The boisterous fintech company, that has taken the world of payment by storm, announced on Thursday it’s partnering with Africa’s largest network provider, the MTN Group, to facilitate mobile payment across Africa. The partnership will enable Flutterwave to onboard MTN’s mobile money platform, MTN MoMo, which provides consumers and businesses with an electronic wallet, enabling electronic transfers and payments as well as access to digital and financial services. Besides acquisition, Partnership with existing payments platforms has become another viable strategy for fintech companies seeking to expand…
A civil society group, New Nigeria Network, NNN, has asked Lagos State government and other authorities to release the 300 #ENDSARS protesters in detention unconditionally or take them to court. The Co-convener of the group Mr Adesina Ogunlana, while addressing newsmen in Lagos, said that during a visit to the prison by members of the group, they saw #Endsars protesters languishing in prison. He added that the prison is congested, as it’s currently keeping inmates that are more than the capacity the prison is built for. Ogunlana, who is also the counsel to #EndSARS protesters at the judicial panel, said…
A Federal High Court sitting in Lagos has sentenced a Lebanese cyber criminal, Hamza Koudeih, to one-year imprisonment or a fine of N1million in lieu of jail. Justice Tijjani Ringim, who convicted him, also forfeited Koudeih’s N100million to the Federal Government The N100m was hidden in the bank account of CHK Property Investment Ltd. Also forfeited were the convict’s luxury Mercedes Benz GLE43 SUV with Chassis Number: HJGEDGEBXHA063213,two iPhones and a HP Desktop computer. The judge handed down the judgment after upholding a plea bargain agreement Koudeih entered with the Economic and Financial Crimes Commission (EFCC). The sentence was in…
Marvel has released the trailer of its upcoming superhero film, “Shang-Chi and the Legend of the Ten Rings” – Marvel’s first film with an Asian lead. The trailer introduces the lead character Shang-Chi, who’s known in the comics as Marvel’s preeminent master of martial arts. “Shang-Chi and the Legend of the Ten Rings” follows Shang-Li, a trained martial artist/assassin who flees from his father’s guidance in favour of a normal life in America. But when the terrorist group Ten Rings threatens his existence, the titular character must reclaim his martial arts origins.https://www.youtube.com/embed/giWIr7U1deA Chinese-Canadian actor Simu Liu stars as the film’s…
