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Obieze Nestor Dies In Dubai Police Custody After Flaunting Flaunting Cash On IG

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Nigerian businessman, Prince Obieze Nestor, who was arrested by the police in Dubai after he flaunted wads of money online, has allegedly died in police custody.

It was gathered that Obieze, who was said to be into oil and gas, was arrested on Tuesday, January 12, 2021, few days after he posted the video on his Instagram page.

According to a source, “After he posted the video, the police stormed his house and arrested him. They didn’t allow anyone to visit him, not even his lawyer or his girlfriend had access to him.

He was arrested by C.I.D. of Dubai and I believe he was tortured during interrogation. He died in police custody and he has been deposited in the mortuary”.

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Transcorp Hotels Plc Achieves Remarkable Financial Milestones at 10th Annual General Meeting

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Dupe Olusola, the Managing Director/CEO of Transcorp Hotels Plc, has announced the company’s exceptional performance at its 10th Annual General Meeting held on Monday. With resounding applause from shareholders, Transcorp Hotels Plc has once again demonstrated its strong financial prowess and commitment to delivering value.

In her statement, Dupe Olusola highlighted the following key achievements:

– A remarkable 36% growth in revenue to N41.5 billion.
– A notable 37% increase in gross profit to N29.8 billion.
– Profit before tax surged by an impressive 105% to N9.5 billion, more than doubling from N4.6 billion in 2022.
– Profit after tax soared to N6.1 billion, reflecting a remarkable 133% increase from the previous year.

The first-quarter results for 2024 further underscored Transcorp Hotels Plc’s robust performance, with revenue growing by 72.2% from N8.03 billion to N13.83 billion. Profit before tax stood at N6.09 billion, while profit after tax…

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SIM Boxing, And The Unboxing of a Crime Syndicate

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Boxes have a multitude of uses, and the word “box”, lends itself to diverse contexts. For “Ajala Travelers,” the box is a necessity for keeping goods for their endless journeys. In literature, idiomatically, it can be said that “one has been boxed into a corner;” another might say to deal with a conundrum: “think outside the box;” then there is the “Pandora’s box” that no one wants opened. To “box one’s ear’s” refers to a hit on the head, especially around one’s ears. For those who celebrate Christmas, “Boxing Day,” which is the 26th of December, the second day of Christmastide is not to be joked with: A day to unbox gifts. So much for the box.

 

Another type of boxes exists in the telecommunications world: The SIM Box. Have you ever received an international call but saw a local phone number ring in? That is SIM Boxing in action….

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NNPC Chief, Mele Kyari, Honored with NUJ Good Governance Award

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In a commendable acknowledgment of his dedication to transparency and good governance within NNPC Limited, Mr. Mele Kyari, the Group CEO, has been bestowed with the prestigious 2024 Nigeria Union of Journalists (NUJ) Good Governance Award.

The accolade, presented during the NUJ’s Good Governance Awards Night & Dinner at Abuja’s Barcelona Hotels, highlights Kyari’s remarkable efforts in advancing accountability and integrity within NNPC Limited. Representing Kyari at the ceremony was the Chief Financial Officer of the Company, Mr. Umar Ajiya, who graciously accepted the award on his behalf.

The event served as a platform to celebrate individuals and organizations committed to fostering good governance practices across various sectors in Nigeria. Kyari’s recognition underscores the vital role of transparency and accountability in driving sustainable development and progress within the nation’s vital industries.

The NUJ Good Governance Award not only acknowledges Kyari’s personal achievements but also reaffirms NNPC Limited’s commitment to upholding the highest…

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Chowdeck Secures $2.5 Million in Seed Funding, Spearheading Growth in Nigeria’s Food Delivery Sector

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Tobi Fasipe, Rider Operations Lead at Chowdeck, announced today a significant milestone in the company’s journey, as it secured $2.5 million in seed funding. This investment marks a pivotal moment for Chowdeck, highlighting its rapid expansion and commitment to revolutionizing the food delivery landscape in Nigeria.

Fasipe expressed his excitement about the recent achievements, citing the remarkable growth of Chowdeck’s on-demand delivery service. From processing just 1,000 deliveries daily upon his arrival, the company now boasts a dedicated team of over 3,000 riders handling an impressive 14,000 deliveries per day across 8 major Nigerian cities.

The meteoric rise in delivery volumes underscores Chowdeck’s relentless pursuit of excellence and dedication to providing exceptional service to its customers. This commitment is further evidenced by the company’s Gross Merchandise Value (GMV), which skyrocketed from ₦1 billion in October 2023 to an impressive ₦2.4 billion by March 2024, marking a remarkable 140% increase in just…

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UBA Group GMAP Graduation Ceremony: Insights for Success Unveiled

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In a resounding declaration of ambition and determination, the 2024 cohort of UBA Group’s Graduate Management Trainee Program (GMAP) stepped onto the stage last week, marking the beginning of their journey within the prestigious financial institution. Led by a seasoned executive, the induction ceremony not only welcomed the newcomers but also imparted invaluable insights for navigating the intricate pathways of career growth and personal development.

Reflecting on his own humble beginnings, the executive shared anecdotes from his early days as a trainee, highlighting the blend of ambition, thirst for knowledge, and the daunting challenges that lay ahead. Eager to engage with the fresh talent, he opened the floor to questions, unveiling the aspirations and concerns of a generation poised to leave their mark on the world.

Among the plethora of wisdom shared, several key takeaways emerged from the insightful dialogue:

1. Conquering Challenges with Resilience:** Armed with anecdotes from his own journey,…

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Self-sustainability solutions and smart technology will help South Africa overcome its water crisis

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Technology company, Versofy, best known for its solar solutions and services, says that preparing for South Africa’s water crisis should become a significant priority. The company, which is fast becoming a necessity-driven entrepreneurial brand, believes that further use of smart technology will also remain critical when addressing the pressing issues of water scarcity in South Africa.

 

Ross Mains-Sheard, Co-Founder and CEO of Versofy, says that South Africa’s water crisis is fast approaching scarcity status: “We believe that by promoting self-sufficiency and sustainability through our own smart technology solutions, we will help to address the increasing concerns regarding an imminent water shortage.”

 

The Development Bank of Southern Africa (DBSA) estimates that 2.2 billion people across the globe don’t have access to clean drinking water. This is of concern when considering that water is a basic need for health and hygiene.   According to DBSA, South Africa’s physical water scarcity will become…

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Nigerians Rally Against DSTV’s High Subscription Rates, Embrace SLTV as Affordable Alternative – Anthony Emeka Nwosu

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Amid mounting dissatisfaction with DSTV’s steep subscription fees, Nigerians are turning to SLTV in droves, marking a significant shift in the country’s television landscape.

The online outcry against DSTV gained traction when Mike Igozino voiced his frustration, announcing his switch to SLTV and condemning DSTV’s exploitation of hard-earned income. His sentiments resonated widely, sparking a wave of support for SLTV as a more economical option for premium entertainment.

“I can watch all Premier League, Champions League, Italian and Spanish leagues with just #5K monthly?! And DSTV collects 23,800 from me monthly… Nigerians, shine your eyes, DSTV came to steal from us,” declared Igozino, encapsulating the sentiment of many disillusioned consumers.

Jennifer Chioma Owolabi echoed the sentiment, expressing her eagerness to explore SLTV as a viable alternative to DSTV. She sought insights into SLTV’s offerings beyond sports channels, highlighting the growing interest in diversifying entertainment options.

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Azentio Software wins three honours at IBS intelligence (IBSi) Digital Banking Awards 2024

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Azentio Software (“Azentio”) (www.Azentio.com), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that it has won three awards with its respective clients, at the IBSi Digital Banking Awards 2024 ceremony, held as a part of the prestigious Cedar-IBSi Digital Banking & AI Summit, on April 19 in Bengaluru, India. The company was declared Segment Winners I SME/Corporate Banking, Regional Winners I Middle East & Africa, and Segment Winners I Compliance Management.

 

Organised by IBS intelligence (IBSi), one of the world’s leading financial technology research, advisory, and news analysis firm firms, the annual award program honours technology players, Banking as a Service (BaaS) providers, digital banks, neo banks, and challenger banks for their excellence in driving impact through technology implementations and innovations using emerging technologies.

The Azentio Accolades

  • Digital Badge of Segment Winners I SME/Corporate Banking
  • Digital Badge of Regional Winners I…
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