The Chartered Institute of Bankers of Nigeria (CIBN) has urged the banks to strengthen their cyber-security architecture in order to prevent attacks by fraudsters. President/Chairman of Council of the institute, Mr. Bayo Olugbemi, made the call while delivering his remarks at the 2020 CIBN Fellowship Investiture in Lagos, at the weekend. The CIBN at its investiture formally conferred its honorary fellowship awards on 19 distinguished bankers in recognition of their contributions to the banking industry and the economy; 77 associates as elected Fellows while 105 senior management staff of banks and the academia became Honorary Senior Members of the institute at the event with the theme: ‘Financial Services in a post COVID 19 Environment: Strategic Imperative’. Some that were conferred with ...
The Senate Committee on Local Content has threatened to sanction the Ministers of Labour and Employment, Chris Ngige and Festus Keyamo, over their failure to appear at an investigative hearing on diving operations in the oil and gas industry. It also threatened to sanction the managing directors of international oil companies (IOCs) in Nigeria for the same reason. The IOCs MDs include ExxonMobil, Total and Chevron. The chairman of the committee, Teslim Folarin, said this at the hearing on Thursday after they all failed to show up for the event which was meant to review the challenges experienced by diving operators in the sector. The invitation followed a debate on a motion on the urgent need to ensure strict compliance with statutory regulations and provisions on Nigerian diving sector. P...
The draw for the UEFA Nations League finals has been conducted, with World Cup holders France set to square off against world number ones Belgium while hosts Italy face Spain next October. The European governing body rubber-stamped Milan and Turin as the cities set to welcome the second edition of the tournament’s showpiece last four event on Thursday, confirming that the Group 1A winners would be on home soil. Roberto Mancini’s Azzurri will welcome La Roja under the stewardship of Luis Enrique to San Siro on October 6, while Didier Deschamps’ Bleus will face Les Diables Rouges led by Roberto Martinez at Allianz Stadium a day later. The winners will then meet in Milan three days later on October 10, with the third-place play-off unfolding in Turin upon the same date. The second semi-final ...
British race driver, George Russell, will take Lewis Hamilton’s place at Mercedes for this weekend’s Sakhir Grand Prix after the seven-time champion tested positive for coronavirus. Mercedes has backed Russell’s career since 2017 and he is effectively on a three-year loan at Williams, where he has posted some impressive races since making his F1 debut last season. Jack Aitken, a 25-year-old British-Korean, will race in Russell’s place at Williams for his F1 debut while Russell is away at Mercedes. Mercedes had approached Williams to see if a deal to release Russell was possible as soon as it became apparent that Hamilton’s absence from the first race of his career was confirmed after the positive COVID-19 test and retest. And the confirmation of an agreement arrived on Wednesday morning. T...
Rilwan “Babyface” Babatunde, on Friday, emerged the best boxer at GOtv Boxing Night 21, which held at the Rowe Park Sports Centre in Lagos. The West African Boxing Union welterweight champion went home with the Mojisola Ogunsanya Memorial Trophy and the N1 million cash prize attached to the prize. Baby Face, saw off Jubril “Terrible” Olalekan in the second round of their eight-round national welterweight challenge contest to emerge the choice of journalists who covered the event. In the bantamweight division, Habeeb “Ige” Oladeji won the national bantamweight title, defeating Tunde “Turning Star” Olojede by a split decision in an explosive 10-round fight. The lightweight rematch between Rilwan “Real One” Oladosu and Prince “Lion” Nwoye ended in victory for Oladosu, the WABU champion. Olado...
Nigeria-based fintech solution, NowNow, has said that it will continue to upgrade its services to attune to current realities, such that will drive economic and social growth. Founder of NowNow, Sahir Berry, while speaking on how COVID-19 pandemic has disrupted the financial space recently, mentioned that Nigeria needs to strengthen its fintech space more than before. Berry stated that it was important for Nigeria to tap into the trends and prospects of fintech given the country’s large unbanked or underbanked. He added the company recognised this gap in Nigeria, which informed its investment in the space. “In 2017 we identified that one of the two big problems in Nigeria was lack of youth empowerment and financial inclusion. With a population of almost 100 million youths, we found that ac...
Justice Okon Abang of the Federal High Court, Abuja, yesterday, on grounds of “good behaviour”, admitted Senator Ali Ndume to bail over his suretyship for former Chairman of the defunct Pension Reform Task Team, Mr. Abdulrasheed Maina. Maina, who is standing trial on a 12-count charge of alleged N2 billion money laundering, was assumed to have jumped bail following his failure to appear in court for his trial on four different adjournments. It would be recalled that Justice Abang had admitted Maina to bail in the sum of N500 million and a surety in like sum, who must be a serving Senator and must attend every court proceedings relating to the matter. Ndume had stood surety for Maina in his alleged money laundering trial and was consistent in attending Maina’s trial until sometime in Septem...
Getty Images Unified Heavyweight Champion of the World Anthony Joshua OBE will defend his IBF, WBA, WBO and IBO World Titles against Mandatory Challenger Kubrat Pulev at The O2 in London on Saturday December 12, live on Sky Sports Box Office in the UK and on DAZN in all of its nine markets including the U.S., on a show promoted by Matchroom Boxing in association with Top Rank and Epic Sports and Entertainment. Joshua (23-1, 21 KOs) recaptured his belts and position as the Unified Heavyweight World Champion with a masterful unanimous decision victory over Andy Ruiz Jr at the Diriyah Arena in Saudi Arabia on an historical night in December that saw the Heavyweight World Titles contested for the very first time in the Middle East. December 12 will be ‘AJ’s’ first fight on UK soil in over two ...