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The Rate of Malnutrition in Nasarawa state as been Alarming.

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The Rate of Malnutrition in the Nasarawa state as been Alarming.

 

NaijaNews Nigeria reports that Hajiya Halimat Yusuf Chief Nutrition Officer Nasaeawa State has disclosed that between 2014 and 2020, no fewer than 5, 200 children were admitted to various hospitals across the state as a result of severe acute malnutrition.

This online news report understand that she stated this in Lafia during a high-level advocacy dialogue on nutrition.

The nutrition officer said cases of malnutrition and other related conditions; especially stunted growth and wasting in children had continued to rise over the years.

She further explained that out of the number of children admitted to various health care centres across the state, 81 of them died while over 2,000 recovered.

The wife of Nasarawa State Governor Hajiya Silifat Abdullahi Sule, who declared the session open advocated for proper nutrition for expectant and nursing mothers.

She added that the positive effect is not just on the mothers but also on their babies.

Executive Secretary, Civil Society- Scaling Up Nutrition in Nigeria (CS-SUNN) Mrs Beatrice Eluaka described the rate of malnutrition in the state as alarming.

She stressed the need for the state government to adopt the local solution to address the trend rather than depending on foreign assistance.

Mrs Eluaka reiterated the CS -SUNN’s readiness to match on to champion the course of nutrition in Nasarawa State and Nigeria in general.

Unity Bank Posts Assets Growth of 67.90% to N492.02 Billion, As Gross Earnings Hit N42.71 Billion in FY 2020

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Unity Bank Posts Assets Growth of 67.90% to N492.02 Billion, As Gross Earnings Hit N42.71 Billion in FY 2020

 

NaijaNews Nigeria April 19, 2022

 

LAGOS. 17.04.2021. Unity Bank Plc grew its assets base to N492.02billion representing a significant increase of 67.90% from the N293.05 billion of total assets value recorded in 2019. This is even as the agric-focused lender declared gross earnings of N42.71 billion within the period under review.

A review of the Bank’s audited results for full year ended 31 December 2020, released to the Nigerian Stock Exchange, showed that the Bank improved its bottom line marginally as Profit After Tax, PAT stood at N2.09 billion.

Profit Before Tax, PBT closed at N2.22 billion, in a year that was defined by the unmitigated impact of global pandemic characterized by disruptions in business activities and general downturn that resulted in revenue/returns dip in major leading sectors globally.

The lender substantially grew its customers’ deposit portfolio to N356.62 billion, up from N257.69 billion in the corresponding period of 2019, representing a 38.4% growth.

This affirms positive market uptake of the Bank’s product offerings, as well as the lender’s growing customer base to its recent aggressive push with agile customer-centric products, which has played a role in deepening financial services penetration especially to a wider world, underserved spectrum of the retail market.

Other major highlight of the audited financial statement relates to growth in its net operating income which rose to N25.46 billion from N23.21 billion in the corresponding period of 2019, representing a 9.71% increase.

This is even as the net interest income recorded a significant jump, as it rose by 7.60% to N17.75 billion from N16.49 billion in the corresponding period of 2019.

Earnings per Share closed at 17.85 Kobo.
The Bank’s gross loans portfolio increased by 92.9% to N206.2 billion in December 2020 from N106.9 billion in December 2019.

The Bank’s lending strategy was specially tailored to support the nation’s food agenda.

This had the added advantage of improving food security across the country, providing employment to thousands of youths and entrepreneurs, contributing to the conservation of FX stocks and mitigating security challenges by ensuring adequate empowerment of citizens and deepening skills acquisition across the value chain.
Commenting on the result, Unity Bank’s Managing Director/Chief Executive Officer, Mrs. Tomi Somefun stated that the results showed the resilience of the Bank during unprecedented times of uncertainties and our ability to innovate and focus on key balance sheet items that will enable us maintain growth trajectory.

She further opined that: “Consequently, for the year under review, the opportunities to significantly create more quality assets for the business, thought to have sustainable impact, informed part of choices made and we have seen some encouraging market uptake in this regard, apart from the benefits to the enterprise bottom-line that have also started trickling in.

Other key performance indicators especially on the liability side of the business was equally not left out. The Bank deployed new product features and augmentation supported by omni-channel, USSD promotions and other channels to enhance services delivery efficiency, drive income generation capacities and enhance steady balance sheet growth for the year”.

Looking ahead, Somefun stated: “we will latch on targeted strategies to deploy significant investment in technology in order to ride the waves of the COVID-19 pandemic. On the back of this, the Bank focus on achieving major efficiency gains, deepening its retail footprints and penetrating identified cluster market segments, as bulwarks to tapping into various youth markets platforms, in addition to the mass market would get further boost”.

While laying outlook for the future, the Unity Bank’s Chief further stated: “The Bank is also looking to consolidate on the gains from its core business areas and niche in the agribusiness sector.

The Bank has solidly financed over one million farmers over the past three years. These farmers cut across several primary crop production such as rice, maize, cotton, wheat, sorghum, etc coupled with their rich value chains, and we hope to continue to expand on this as we play our part in driving the country’s quest for self-sufficiency in food production.”

Analysts are of the view that having made appreciable impact in the agribusiness and its value chains consistently, the market is excited that the current year performance and different initiatives of the Bank show that the agribusiness is bankable not only as a differential positioning but also for sustainable business performance and profitability.

Wike ask CBN to untangle the N60 Billion Currency Printed on Behalf of Obaseki

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Wike ask CBN to untangle the N60 Billion Currency Printed on Behalf of Obaseki

NaijaNews Nigeria April 19, 2021

Wike has extend to the justification of Obaseki about his ‘₦60 billion currency in print by the CBN’.

NaijaNews Nigeria reports that rivers state-run Governor, Nyesom Wike, has understood claims by his Edo majestic counterpart, Godwin Obaseki that centralized the authority in black and white about N60 Billion to contribute to to the federating units in March cannot be regarded as spurious.

The regulator challenged the fundamental pitch of Nigeria to indisputably assert if change was in print or not.

Wike acknowledged this as seminar journalists in Abuja on Sunday, according to a speech issued by his particular junior on Media, Kelvin Ebiri, and complete existing to newsmen in harbor Harcourt on Sunday.

“Obaseki was in APC, subsequently he understands them. So, Obaseki couldn’t give rise to befall from the blues to shout they on paper N60 billion. He knows them,” he stated.

The manager advance assumed it was lamentable that as a substitute of the ruler of innermost Bank, Mr. Godwin Emefiele, to speak to the broadcast raised by regulator Obaseki, he opted to announce a obscure intimidation to states to recompense posterior bailout give somebody a loan of agreed to them by the central government.

He said, “Instead of answering the question, he (Emefiele) assumed council give birth to to compensation to the rear the bailout loan. The bailout is a loan, if you famine to secure it, operate and contain it. But satisfy the subject whether cash was on paper or not printed.

*Insecurity Affecting Our Retirement Plans, Diasporas Lament At Naija Times Summit*

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*Insecurity Affecting Our Retirement Plans, Diasporas Lament At Naija Times Summit*

NaijaNews Nigeria April 18, 2021

The delicate insecurity in Nigeria as well as infiltration of illegal aliens, arms and ammunition, ethno-religious conflicts, political based violence, economic based violence, were central to stakeholders’ submissions at the Naija Times Diaspora conversation which held on April 17.

The webinar, which had in attendance, Mr. Femi Oyawale, President, National Association of Online Security Reporters, NAOSRE , was organized by Naija Times.

The conference drew discussants from London, Canada, United States and other countries in the world.

In his opening remarks, the convener and Publisher/Editor-in- Chief of Naija Times, Ehi Braimah, noted that it was the publication’s maiden conference which aims to re examine Nigeria’s security challenges and offers implementable solutions for a safer country.

Titled ‘Nigeria’s Security Challenges And The Way Forward,’ discussants admitted that the country is gravitating towards a failed state as a result of downward curves of economic indexes and food shortage arising from the debilitating activities of kidnappers, armed robbers and of course, insurgents.

Speaking, Toju Ogbe, a London based Communication strategist highlighted causes of insecurity in Nigeria which, according to him, includes improper training of security personnel, inadequate funding and lack of political will to deal decisively with perpetrators and insurgents.

He lamented that the negative impacts of insecurity are affecting economic growth.

Specifically, Ogbe disclosed that Nigeria’s unsafe environment is discouraging Diasporas from investing at home.

He maintained that he has refused to heed his sister’s advice on the important need to build a home in Nigeria saying it would not translate to any tangible gain when citizens build homes they cannot safely live in.

“For those of us in the Diaspora, we always look forward to a time when we would get old and relocate home to spend the rest of our life peacefully in our country. But that retirement plans don’t exist anymore because how does one retire into unsafe environment at old age.?

“That principally accounts for Diasporas’ delay in building homes at home which has eroded enormous economic advantages of generating employment.

“The consequence of the growing insecurity is that Diasporas are being disconnected from home. I know of some who have sworn never to go back to Nigeria because of their bitter experiences,” he stated.

Various speakers and other discussants who added voices to the glowing insecurity in Nigeria got worried that, as things are, Nigeria may not remain the favoured destination for Foreign Direct Investment inflows into Africa.
They pointed lack of commitment, insincerity and complicity of highly placed individuals as reasons that have hampered the fight against Boko Haram, a development that devalues Nigeria as the leading economic heavyweight on the continent.

As a remedy, Braimah noted that the current anxiety can be overcome if leaders across strata collaborate to tackle insurgency.

He called on security agents to up their game in wholesale intelligence gathering and urged government to re asses its security policies and deploy innovative strategies to check the menace.

Nigerian’s Reacted on Twitter on how Mr Macaroni was Beaten by Policemen Turns.

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Nigerian’s Reacted on Twitter on how Mr Macaroni was Beaten by Policemen Turns.

 

NaijaNews Nigeria April 18, 2021

Mr Macaroni open up on how the Adeniji Police beat him, check out Reactions from Nigerian’s

NaijaNews Nigeria reports on how Mr Macaroni share his experience  via his Twitter handle on how the police at Adeniji police station handled him.

Mr Macaroni said when he was at the Adeniji Police Station the officers took turn to beat him.

“They were even calling themselves to come and beat ‘Mr Macaroni

‘”They said in my life when next I hear police, I will run! One said if not that people would ask about me, he would have killed me.”

Nigerians on Twitter has reacted over how Police beat up Mr Macaroni at Adeniji police station during second wave of Occupy Lekki Tollgate protest

Hmmmmm…. Nigeria police Sha… My wedding remain 1 month and 1 week when they kill my girlfriend. We wait for justice but Justice Never come. I continue to go to the station of now and then. They sent some of their men to destroy my farms. Nigeria police na shit

Post their names and home addresses if you know them That’s d way to go now in nija The police officers live amongst us in our communities If they misbehave in uniform then visit them after work hours in their homes and have a conversation with them.let there be a “conversation”

@TMbhardy Replying to @mrmacaronii

Imagine what people who are unknown go through in this country May the wrath of GOD visit every vile policeman

@SommyIncrease Replying to @mrmacaronii

They’re not doing it because you did anything wrong. The fact that you’re making the 35years salary of some of them every few months is the reason for the hatred. The jealousy, anger, hate, was about to choke them & God will let it choke them

. Stupid, ignorant, wicked old men

@AbiodunCr700 Replying to @mrmacaronii

Good Lord. You have been there and God will continue to make you great cause you really fight for the course of this country

@Peculiarolar88 Replying to @mrmacaronii

It is sad the people we give guns to protect us are hungry nd not living the lives of their dreams coz of d corruption in higher office which reflect down to the lower ones. Hence they feel envious of very successful person nd think cruelty as a revenge to the system. Pathetic

@adetolaodugbesi Replying to @mrmacaronii

Imagine being with them at night or in a quiet place… Government gave guns to people with childhood molestation and psychological problems.

@TeeyiraD Replying to @mrmacaronii

Who should we fear most now… boko Haram, kidnappers,armed robbers or the Nigerian police force?

Governor Makinde sack LAUTECH Vice- Councilor.

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Governor Makinde sack LAUTECH Vice- Councilor.

NaijaNews Nigeria April 17, 2021

NaijaNews Nigeria reports that the Vice Chancellor of the Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, Prof. M. O. Ologunde has been asked to step aaide on Friday by the Oyo State Governor, Seyi Makinde

This online news medium gathered that the governor’s decision was made when he visited the institution. And the sack was communicated in a letter through the Commissioner for Education, Science, and Technology, Olasunkanmi Olaleye, on Friday.

The sack is believed to be connected with the dissolution of the joint ownership of the institution by Oyo and Osun states.

Governor Makinde directed the VC to hand over forthwith to the principal dean officer in order not to interrupt academic activities in the university.

The letter reads in part, “His Excellency, Engr. Seyi Makinde, the governor of Oyo state and the visitor to the Ladoke Akintola University, Ogbomoso has directed that the Vice Chancellor of the institution, Prof. M. O. Ologunde should step aside until further notice.

“Consequently, the VC has also been directed to hand over forthwith to the next principal officer in rank in order to ensure uninterrupted flow of normal activities of the institution.”

*LAGOS FRSC CHARGES MOTORISTS TO PICK UP UNCOLLECTED PERMANENT DRIVER’S LICENCE*

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*LAGOS FRSC CHARGES MOTORISTS TO PICK UP UNCOLLECTED PERMANENT DRIVER’S LICENCE*

 

NaijaNews Nigeria April 13, 2021

 

The Sector Commander, Federal Road Safety Corps, Lagos Sector Command, Corps Commander Olusegun Ogungbemide on Wednesday admonished motorists driving with temporary driver’s licence to pick up their Permanent Driver’s Licence.

Ogungbemide, who decried the huge number of permanent driver’s licence lying fallow at various capturing centres, said that the appeal had become necessary to offload all uncollected licences.

According to him, there are no fewer than 55,501 unclaimed permanent driver’s licence across the state.

The Corps is currently making frantic efforts by phone calls to applicants as a form of encouragement towards picking up their Permanent Driver’s Licence.

He said that the command would observe the responses of applicants for few days before commencing operation to clamp down on those still driving with the temporary driver’s licence.

Ogungbemide urged that motorists should be concerned about the very important driving document.

He said the National Road Traffic Regulations 2012 Section 67 (1) states that “Any person driving a vehicle on any public road shall be in possession of an original driver’s licence but where the person is in possession of the photocopy of the original driver’s licence he shall within 24 hours produce the original driver’s licence to the appropriate authority if demanded”.

He reiterated that the command would not leave any stone unturned to sanitise the road from those who are not expected to use it.

Unity Bank Continues to Operate on improved Key Performance Indicator

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Unity Bank Continues to Operate on improved Key Performance Indicator

NaijaNews Nigeria April 12, 2021

NaijaNews Nigeria reports that attention has been drawn to some online reports on purported action of the board of Unity Bank on the performance of the Bank.

The Bank has a cohesive board that is working harmoniously with the Executive Management team led by Mrs. Tomi Somefun (MD/CEO) to drive the growth of the Bank.

The management of the Bank, with the support of its Board has made inroads into key sectors of the economy through initiatives and programmes that have improved the fortunes of the Bank over that past five years.

Notable amongst these are sale of the Bank’s legacy non- performing legacy loans, the relocation of its corporate head office to Lagos (the commercial hub of Nigeria), deliberate focus on digital, retail and commercial business as well as supporting the growth of the real sector of the economy through its participation in the Central Bank Nigeria (CBN) intervention funds to promote agri-business in Nigeria.

It is worthy of note that through the CBN’s Anchor Borrowers’ Programme (APB), the Bank has enrolled over one million farmers over the last three years which has boosted the production of critical food items in Nigeria (Rice, Maize, Cotton and Wheat) as well as creating of various value-chain opportunities and employment within the Agric Sector.

The Bank’s gross earnings for the 9 months ended September 2020 grew by 8 per cent to 33,906 billion from N31,206 billion in the same period in 2019.

The lender’s Profit Before Tax (PBT) for the 9 months grew by 6 per cent to N1.710 billion from N1.611 billion in 2019, while Profit After Tax, PAT equally grew by 6 per cent to N1.573 billion compared to the N1.482 billion recorded in the same period in 2019. Profit After Tax for the period stood at N543.135 million, an equally 6 per cent increase from the N514.631 billion recorded in Q3, 2019.

A further review of the result showed that the Bank recorded an impressive 44 per cent rise in total assets to N420.870 billion for the 9- month period ended September 2020, from N293.052 billion in the corresponding period of 2019.

The lender also substantially grew deposits to N332.362 billion from N257.691 billion for the same period in 2019 – a 29 per cent increase showing improved customers confidence in the Bank.

The Bank in its statement issued through Nigeria Stock Exchange (NSE) on Friday, April 09, 2021 submitted its 2021 audited report to the CBN and currently awaiting final approval by the regulators.

Boris Johnson Will Not Attend Prince Philip Funeral 

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Boris Johnson Will Not Attend Prince Philip Funeral 

By NaijaNews Nigeria April 11, 2021

NaijaNews Nigeria reports that Boris Johnson will not go to Prince Philip’s funeral, and will instead give up his seat to allow another family member to attend.

It comes after Buckingham Palace revealed that only 30 people would be attending the duke’s funeral, in an effort to follow COVID-compliant protocols.

A statement from a Downing Street spokesman said: “As a result of the coronavirus regulations, only 30 people can attend the funeral of HRH The Prince Philip, Duke of Edinburgh

The Conservative Party has also announced that it will suspend national campaigning ahead of next month’s local elections until Tuesday, and again on Saturday.nalnalnPhilip’s funeral will take place next Saturday at 3pm, with the public encouraged to watch on television and stay away from the area.

The proceedings will be kept within the confines of Windsor Castle and the Duke of Edinburgh’s body will be carried to the West Steps in a Land Rover, which was specially designed by Philip himself.

Prince Harry will be travelling from his home in the United States to attend, although his pregnant wife Meghan has been advised not to travel. It is understood she made every effort to join her husband but was not given chance to travel with her husband.

Impressive financial metrics of Wema Bank delight shareholders.

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Impressive financial metrics of Wema Bank delight shareholders.

NaijaNews Nigeria April 10, 2021

Wema Bank, Nigeria’s leading innovative and digital-driven financial institution has reassurance it’s esteemed customers and shareholders that it remains standing ons strong financial fundamentals and reliable performance metrics, riding on the back of seasoned and astute leadership.

The bank gave this reassurance, through its Managing Director/Chief Executive
Officer, Ademola Adebise, while reacting to a recent publication in the media
purportedly alleging a dip in its liquidity status following the unaudited report for
2020 with the MD/CEO saying the report is only a deliberate campaign to create
panic among its stakeholders using false news, and therefore should be
discountenanced,

He said, “The strength and viability of financial institutions are not measured on the isolated performance of one outlier year. The said report based a lot of its false
allegations on the unaudited 2020 financial year. But that was a year when COVID-
19 induced a lockdown and a disruption of such magnitude that negatively impacted
businesses, industries and economies the world over.

“Wema Bank has continually exhibited not just resilience, but admirable viability
over the years with a 30.95% increase in earnings recorded in just 2019.

Then came 2020, and in spite of the difficulties, we succeeded in achieving impressive results in key areas such as net earnings from fees and commissions, while growing the Bank’s asset base significantly.

“That’s not all, customer credibility in the bank was also accentuated with a massive
increase in customer deposits over the previous year.

This is an audacious show of confidence from the customers of Wema Bank

“These performance metrics amongst others, are testament to our smart balance
sheet optimization approach which will be affirmed by the time the audited and
official 2020 Financial Report is released in the coming weeks “

The CEO also referenced how well the Bank’s performance in the said 2020 makes it one of the best performing financial institutions in the land.

“We won the BusinessDay award for the Best SME Bank of the Year for 2020.

A recognition of our unrivalled support for small and medium scale businesses
through loans, business advisory, and ease of payments and transactions.

“Also, the recently published 2020 KPMG Customer Experience Survey, showed
Wema Bank making significant growth in the retail category, climbing up ten (10)
places from the previous year to 2nd position, with an above industry average of
74.6% Customer Experience score.

This achievement is a mark of dedication to excellent customer service and refreshing support for all our customer categories.”

The KPMG Customer Experience Survey grades banks over six universal pillars of
Personalization, Integrity, Expectations, Resolution, Time & Effort and Empathy, and Wema Bank has showed a mastery of these pillars and have been outstanding at all of them.

Furthermore, in line with the bank’s sustainability goal of developing digital
solutions for societal impact, it successfully organized the second edition of Hackaholics, a radical gathering of developers, web designers and creative thinkers to develop solutions around key themes of Education, Health, Agriculture, Fintech, Gaming & Betting.

These are intentional measures put in place to sustain an institution’s legacy of
economic evolution and social inclusion.

“We are a responsible corporate citizen with empathy as a core pillar of our
personality.

Thus, we stood by the nation in the trying times of the COVID-19 pandemic with significant support for governments at both the federal and state levels.

“Particularly to prevent severe food shortages and align with the SDG of Zero
Hunger, we supported State Governments with food palliatives donation which
alleviated the conditions of over 80,000 households of the most vulnerable
segments of the population.”

With all these financial and non-financial performance metrics, it is not in doubt that
Wema Bank is not only standing strong, it is also among the best performing
financial institutions in Nigeria, in 2020.

“I’ll take this opportunity to commend our customers for their sustained trust in us.

A support that has remained a critical pillar of our stability and growth over the
years, especially as we celebrate our 76th anniversary.

For us as a responsible and visionary organizations, we are staying committed to our corporate purpose of making life easier and better through innovation and digital-
driven lifestyle solutions for Nigerians and their businesses.” Adebise concluded.

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