Ejes Gist News

Month: June 2024

  • Join Interswitch Group EFT Engineering Program 2024 – Transform Your Tech Career

    Join Interswitch Group EFT Engineering Program 2024 – Transform Your Tech Career

    Apply now for Interswitch Group EFT Engineering Program 2024 announcement. All details and requirements haven been outlined here. 

    Interswitch Group, a leading Africa-focused digital payments and commerce company, invites applications for its 2024 EFT Engineering Program. This six-month program offers aspiring engineers a unique opportunity to gain hands-on experience, mentorship, and professional development in a dynamic and innovative environment.

    About Interswitch Group

    Founded in 2002, Interswitch Group has grown into an integrated payment services company, facilitating the electronic circulation of money and value exchange across Africa. The company builds and manages payment infrastructure, delivers innovative payment products, and offers transactional services that drive commerce and enhance financial inclusion across the continent. Interswitch is committed to fostering talent and innovation, offering career opportunities that allow individuals to play key roles in a fun and supportive environment.

    Also Apply for : Sundry Foods Limited Restaurant Management Trainee Program 2024 – Launch Your Career in Hospitality

    The Interswitch Group EFT Engineering Program 2024

    The EFT Engineering Program at Interswitch Group is a comprehensive training initiative designed to equip participants with the skills and experience needed to excel in the fast-paced world of engineering technology. The program spans six months and is based in Lagos, offering full-time employment.

    Interswitch Group 2024 trainee program Highlights

    • Hands-On Experience: Participants will work on real projects that impact Interswitch’s business and contribute to the future of engineering technology.
    • Coaching and Mentorship: Trainees will learn from industry experts, gaining valuable insights and guidance to propel their tech careers forward.
    • Professional Development: The program includes training sessions, workshops, and networking opportunities to enhance participants’ skills.
    • Innovation Hub: Trainees will be part of a team that values creativity, problem-solving, and technological advancement.

    WAEC Recruitment 2024 Commenced – Apply Now, See Deadline

    Key Responsibilities

    As an EFT engineer, participants will be responsible for providing second-level support to financial institutions using Interswitch solutions. Responsibilities include:

    • Data Collection & Analysis: Independently collate and analyze data using predetermined tools, methods, and formats.
    • Data Management: Support and enable others to use and benefit from existing data management systems.
    • Needs Assessment: Explore issues and needs to establish potential causes, related issues, and barriers.
    • Recommendations: Provide advice on designing new processes and systems to achieve professional standards and desired outcomes.
    • Solutions Analysis: Analyze specified problems and issues to find the best technical and professional solutions.
    • Client & Customer Management: Assist senior colleagues in managing internal client and customer relationships using sales/client systems and protocol.
    • Insights and Reporting: Contribute to the preparation of various data and analytics reports.

    What We’re Looking For

    Education:

    • A First Degree from a reputable institution.

    Technical Requirements for 0-2 Years’ Experience:

    • Programming Fundamentals (Python, Java)
    • Basic SQL
    • Familiarity with Windows/Linux
    • Troubleshooting Skills
    • Learning Agility

    Technical Requirements for 3-5 Years’ Experience:

    • Proven Experience in technical support/implementation (preferably in fintech/financial services)
    • Programming Proficiency (Python, Java, JavaScript)
    • Advanced SQL
    • Cloud Technologies (AWS, Azure, GCP)
    • Infrastructure Management
    • Advanced Troubleshooting
    • Mastery of Tools & Technologies (ticketing systems, monitoring tools)

    Application Details

    Application Closing Date: Not Specified

    Method of Application: Interested and qualified candidates should click here to apply online.

    Why Choose Interswitch?

    • Innovative Environment: Be part of a company that values innovation and technological advancement.
    • Career Growth: Benefit from structured training and mentorship that promotes career development.
    • Networking Opportunities: Connect with industry experts and professionals to build a robust professional network.
    • Impactful Work: Contribute to projects that have a real impact on the business and the future of engineering technology.

    Interswitch’s Commitment to Excellence

    Interswitch Group is dedicated to delivering excellence in all its operations. The company’s focus on innovation, quality, and customer satisfaction has positioned it as a leader in the digital payments and commerce space in Africa. By joining the EFT Engineering Program, participants will be part of a team that strives to push the boundaries of technology and create solutions that drive economic growth and financial inclusion.

    Conclusion

    The Interswitch Group EFT Engineering Program 2024 is an exceptional opportunity for aspiring engineers to gain hands-on experience and develop their careers in a supportive and innovative environment. With a focus on professional development, mentorship, and real-world projects, this program offers a solid foundation for a successful career in engineering technology.

    FAQs on Interswitch Group EFT Engineering Program 2024

    What is the duration of the Interswitch Group EFT Engineering Program? The program spans six months, offering full-time employment.

    What qualifications are required for the program? Candidates need a first degree from a reputable institution. Specific technical skills and experience levels vary based on the position applied for.

    Where is the program located? The program is based in Lagos, Nigeria.

    What are the key responsibilities of an EFT engineer in this program? Responsibilities include data collection and analysis, data management, needs assessment, providing recommendations, solutions analysis, client and customer management, and contributing to insights and reporting.

    How can I apply for the Interswitch Group EFT Engineering Program? Interested and qualified candidates can apply online via the provided link.

    What are the benefits of joining Interswitch Group? Benefits include hands-on experience, coaching and mentorship, professional development opportunities, and being part of an innovation-driven team.

  • Breaking: FG Surrenders to Labour’s Demand, Agrees To Higher Minimum Wage (Full Details of Resolutions)

    Breaking: FG Surrenders to Labour’s Demand, Agrees To Higher Minimum Wage (Full Details of Resolutions)

    FG Yields To Labour’s Demand, Agrees To Higher Minimum Wage. 

    In a significant development, the Federal Government of Nigeria has agreed to a higher national minimum wage than its initial proposal of ₦60,000. This decision comes after intense negotiations with labour leaders.

    WAEC Recruitment 2024 Commenced: Apply Now, See Deadline

    Key Points from the Meeting

    Resolution Agreement: Ejes Gist News reports that the agreement was reached during a crucial meeting held on Monday evening in Abuja. The meeting took place at the Office of the Secretary to the Government of the Federation, where government officials and labour leaders convened to address the ongoing dispute over the minimum wage.

    President’s Commitment: The government has committed to establishing a national minimum wage higher than ₦60,000. A Tripartite Committee has been set up to meet daily for the next week to finalise the agreeable minimum wage figure.

    Labour’s Response: In recognition of the President’s commitment, the organised labour unions have agreed to convene meetings of their organs to consider the new offer. Additionally, it was resolved that no worker would face victimisation as a consequence of participating in the recent industrial action.

    Read Also: Over 30m Jobs Available As Nigerian Government Improves Energy

    Signatories of the Resolution

    The resolutions were signed by key government and labour representatives:

    • Government Representatives:
      • Mohammed Idris, Minister of Information and National Orientation
      • Nkeiruka Onyejeocha, Minister of State for Labour and Employment
    • Labour Leaders:
      • Joe Ajaero, President of the Nigeria Labour Congress (NLC)
      • Festus Osifo, President of the Trade Union Congress (TUC)

    Background of the Dispute

    The Nigeria Labour Congress had declared a nationwide indefinite strike starting from June 2, 2024, in response to the government’s initial refusal to increase the proposed minimum wage above ₦60,000. This strike aimed to pressurise the government into meeting the demands of the workers for a more substantial wage increase, considering the rising cost of living and economic challenges.

    This agreement marks a crucial step towards resolving the conflict and improving the welfare of Nigerian workers.

    FG Yields To Labour’s Demand, Agrees To Higher Minimum Wage
    FG Yields To Labour’s Demand, Agrees To Higher Minimum Wage
    FG Yields To Labour’s Demand, Agrees To Higher Minimum Wage
    FG Yields To Labour’s Demand, Agrees To Higher Minimum Wage

    Stay informed with Ejes Gist News – Your Source for Credible News in Nigeria Now.

  • Over 30m Jobs Available As Nigerian Government Improves Energy

    Over 30m Jobs Available As Nigerian Government Improves Energy

    Nigeria’s Energy Sector Gets Boost with New Gazettes: Potential to Create 30 Million Jobs.

    In a significant move to revitalise Nigeria’s energy sector and create employment opportunities for its youth, the Federal Government has launched two pivotal documents: the National Energy Plan (NEP) and the National Energy Master Plan (NEMP). These revised editions, produced by the Energy Commission of Nigeria (ECN), were unveiled in Abuja on Wednesday, marking the first time energy policy documents have been officially gazetted in the country.

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    Globally, the energy transition is poised to generate 30 million new jobs, and the Nigerian government aims to tap into this potential. The NEP and NEMP serve as a comprehensive roadmap for energy transition, efficiency, diversification, and reliability, crucial for powering Nigeria’s industries, enhancing economic development, and attracting investments.

    During the launch, the Minister of State for Petroleum Resources (Gas), Hon. Ekperipe Ekpo, emphasised the collaborative effort required from both public and private sectors to address energy challenges. He underscored that energy transition supports sustainable growth, reduces pollutants, improves health, fosters economic growth, opens investment opportunities in green technology, and mitigates global warming’s adverse effects.

    Sundry Foods Limited Restaurant Management Trainee Program 2024 – Launch Your Career in Hospitality

    “Everyone benefits from increased energy security, cleaner air, universal energy access, and several environments – a fantastic window of time for employment, social advancement, and financial security,” Ekpo stated.

    However, experts argue that Nigeria’s energy sector needs more substantial investment to meet global standards. Dr. Mustapha Abdullahi, Director General of the ECN, has reiterated that Nigeria requires approximately $4 billion annually to achieve its renewable energy goals by 2050.

    An industry expert, requesting anonymity, noted that while the new documents demonstrate the government’s commitment to energy sustainability, challenges such as inadequate infrastructure and limited electricity access might impede progress.

    WAEC Recruitment 2024 Commenced – Apply Now, See Deadline

    The expert suggested that Nigeria must adopt a holistic approach, focusing on diversifying energy resources and ensuring energy efficiency and availability to guarantee reliable energy access for all Nigerians.

    While these objectives are commendable, their realisation will unfold over time, dependent on sustained effort and investment.

    Stay informed with Ejes Gist News – Your Source for Credible News in Nigeria Now.

  • Ibom Air Suspends Flights Over Ongoing Strike

    The management of Ibom Air has announced the suspension of flight operations due to the ongoing strike by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC).

    The airline expressed regrets over the disruption to flight operations, saying it could not operate any of its flights as a result of the ongoing situation.

    The statement reads, “Ibom Air regrets to inform our esteemed passengers that, due to the ongoing nationwide labour strike, we are unable to dispatch any of our scheduled flights to your various destinations.”

    “The safety and well-being of our passengers and staff remain our highest priority. Consequently, our flight operations have been suspended until further notice. We regret the inconvenience we know this situation has caused and sincerely apologize.

    “Please be assured that we are fully committed to resuming normal operations once the strike is called off.

    “For the latest updates on flight status and further information, please visit our website, monitor our social media channels, or contact our customer service team. We appreciate your patience and understanding during this period.”

    It was earlier reported that aviation unions directed their members to withdraw services across airports in Nigeria, adding to the widespread disruption caused by the strike.

    The strike has been called to protest government’s refusal to increase the minimum wage and the recent hike in electricity tariffs, which the unions say has increased the burden on workers.
     

  • Sundry Foods Limited Restaurant Management Trainee Program 2024 – Launch Your Career in Hospitality

    Sundry Foods Limited Restaurant Management Trainee Program 2024 – Launch Your Career in Hospitality

    Sundry Foods Limited Restaurant Management Trainee Program 2024 – Launch Your Career in Hospitality

    Sundry Foods Limited, an integrated food services company renowned for its exceptional ready-to-eat food and quality services, is excited to announce its Restaurant Management Trainee Program for 2024. This program offers a unique opportunity for passionate individuals to embark on a rewarding career in the hospitality industry.

    About Sundry Foods Limited

    Established in 2003, Sundry Foods Limited operates in major cities across Nigeria, bringing great-tasting food and top-notch services to thousands of people daily. The company’s extensive network includes restaurants, bakeries, and various catering facilities that serve workplaces, schools, hospitals, remote sites, and diverse cultural environments. Sundry Foods prides itself on consistently delivering original food and service solutions through a dedicated team of young, seasoned professionals.

    The Restaurant Management Trainee Program

    The Sundry Foods Restaurant Management Trainee Program is designed to equip participants with the skills and knowledge needed to manage restaurant operations effectively. Trainees will work closely with Restaurant Managers, gaining hands-on experience in managing restaurant operations in line with the company’s Standard of Operations (SOP).

    Sundry Foods 2024 Restaurant Management Trainee Program Locations

    The program is available in the following locations:

    • Benin, Edo
    • Kaduna
    • Onitsha, Anambra
    • Lagos Island
    • Lekki
    • Ajah
    • Sangotedo, Lagos
    • Ariaria, Lagos
    • Umuahia, Abia
    • Jos, Plateau
    • Abeokuta, Ogun

    Employment Type

    The program offers full-time employment, providing trainees with comprehensive exposure to various aspects of restaurant management.

    Responsibilities at Sundry Foods 2024 Restaurant Management Trainee Program

    As a Restaurant Management Trainee, participants will assist the Restaurant Manager in:

    • Overseeing daily restaurant operations
    • Ensuring adherence to company standards and policies
    • Enhancing customer satisfaction
    • Managing staff and resources efficiently
    • Driving profitability and operational excellence

    Required Qualifications

    Candidates interested in the program should possess the following qualifications:

    • B.Sc / HND (2nd Class Upper / Upper Credit) qualification
    • Passion for good food and culinary skills (an added advantage)
    • Demonstrable leadership skills

    Application Closing Date

    The application deadline for the Sundry Foods 2024 Restaurant Management Trainee Program is 30th July 2024.

    How to Apply for Sundry Foods Limited Restaurant Management Trainee Program 2024.

    Interested and qualified candidates can apply online by clicking the link below:

    Click here to apply online

    Why Join Sundry Foods?

    Joining Sundry Foods Limited offers numerous benefits and opportunities for career growth:

    • Professional Development: The program provides structured training, mentorship, and career development opportunities.
    • Work Environment: Trainees will work in a dynamic and inclusive environment that fosters teamwork and innovation.
    • Career Growth: Successful completion of the program can lead to various career advancement opportunities within the company.
    • Industry Exposure: Participants will gain valuable insights into the food service industry and develop a strong professional network.

    Sundry Foods’ Commitment to Excellence

    Sundry Foods Limited is committed to delivering excellence in all its operations. The company’s focus on quality, innovation, and customer satisfaction has earned it a reputation as one of Africa’s leading restaurant and bakery chains. By joining the Restaurant Management Trainee Program, participants will be part of a team that strives to deliver the best to every customer.

    The Sundry Foods Limited Restaurant Management Trainee Program 2024 is an excellent opportunity for aspiring hospitality professionals to gain hands-on experience and develop their careers in a vibrant and growing industry. With a commitment to excellence and a focus on professional development, Sundry Foods Limited offers a promising platform for trainees to achieve their career goals.

    FAQs on Sundry Foods 2024 Restaurant Management Trainee Program.

    What is the Sundry Foods Limited Restaurant Management Trainee Program? The program is designed to train and develop individuals in restaurant management, providing hands-on experience and professional development.

    What qualifications are required for the program? Candidates need a B.Sc / HND with a 2nd Class Upper / Upper Credit qualification. Passion for good food and leadership skills are also required.

    What is the application deadline? The application deadline is 30th July 2024.

    Where can I apply for the program? Interested candidates can apply online via the provided link above.

    What are the benefits of joining Sundry Foods Limited? Benefits include professional development, a dynamic work environment, career growth opportunities, and industry exposure.

    Which locations are available for the program? The program is available in multiple locations, including Benin, Kaduna, Onitsha, various parts of Lagos, Umuahia, Jos, and Abeokuta.

     

    Recommended Link. 

  • RCCG Suspends Popular Pastor Iluyomade Months After Wife, Siju, Threw Lavish 60th Birthday Party Days After Herbert Wigwe ( See Details)

    The Redeemed Christian Church of God (RCCG) has suspended the Senior Pastor of the City of David parish, Idowu Iluyomade.

    Ejes Gist News reports that Iluyomade who is also the head of the Apapa Family of the RCCG, was suspended over the weekend.

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    Iluyomade was said to have been suspended for three months by the church’s Governing Council while a panel has also been set up to investigate some of the allegations against him and the parish.

    Pastor Idowu Iluyomade Biography, Net Worth, Wiki, State, Age, Wife, RCCG, Children

    Idowu Iluyomade
    Pastor Idowu Iluyomade and His Wife

    A top pastor in the church said the decision to suspend Iluyomade was a response to the public outcry against the extravagant birthday party his wife, Siju Iluyomade, threw shortly after the death of a prominent member of the church and former CEO of Access Bank, Herbert Wigwe.

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    Iluyomade has since been replaced by Pastor Charles Kpandei of RCCG Resurrection Parish of Region 11 of the church. Kpandei resumed at the City of David on Sunday, June 2 and was said to have been given a cold welcome.

    “Those in the City of David had been expecting Pastor Kpandei. Some top RCCG officials had to meet with some top people in the parish and confided in them that Pastor Idowu would have to be removed from the parish.

    They needed to get the confidence of these top people because of the great influence of Pastor Iluyomade in the parish. The RCCG was not sure of the outcome of its move, so it had to be discreet. He may not be returned to the parish after the suspension.

     

    We have just three months to the convention. It may be a way of taking him away from the place permanently. He has spent many years in that parish. He needed to be moved.

    It was not Pastor Adeboye that suspended him. The governing council decided to suspend him. I think it’s a decision in the right direction. Though some believe it is coming late. They needed to investigate some of the things people were saying against him and the church.”

     

    Fondly called PID, Pastor Iluyomade has been in the eyes of the storm following the 60th birthday of his wife, Siji Iluyomade. Many people believed the birthday which was celebrated just about a week after the unfortunate death of Wigwe in a helicopter crash in the US was in bad taste.

    The Instagram page bio of Pastor Iluyomade, however, still refers to him as the Senior Pastor at the City of David Parish.

  • We Want Peter Obi And Others Back To Our Party – PDP Chairman, Umar Damagum Says

    Umar Damagum, the acting National Chairman of the Peoples Democratic Party (PDP), has said that the party is ready to welcome Peter Obi and other former members back.

    Damagum said this during a feature on ‘Nigeria Right Now’, a program on AIT, which aired on May 30.

    Obi who was the presidential candidate of the Labour Party (LP) in the 2023 election, recently paid visits to some chieftains of the PDP, including Atiku Abubakar and there have been talks of a merger between both parties.

    When asked to speak about Obi’s recent visits, Damagum was evasive.

    “He (Obi) hasn’t visited me. I am not a poke-noser to be going about trying to know what the visits are all about,”     he said.

    Asked if he would want Obi back in the PDP, the party chair said;

    “Not only him. Every other person that has been in this party, we want them back. The party like I told you, is a brand that you cannot take away. It will accommodate all of us. We are making steps in that direction. The true position is that the party has not been approached (for a merger). Maybe individuals are talking about that but as of today, we have not had any discussions as a party with any group. PDP has structures all over the country. Look at our performance. PDP can stand alone and win this election. PDP is a solid party and they can come in and join us. But I don’t think for now we are contemplating changing our name for any political party that would not add value to us.”

    Damagum also spoke on the crisis in the PDP and the demand for the suspension of some members over alleged anti-party activities.

    The PDP chair said instead of suspending members, reconciliation should be pursued.

    “After all, most of the agitators for this suspension, go back to their states, what value have they added to the party?”     he asked.

    “You don’t just sit down because you are aggrieved with somebody or your personal hatred for somebody and you want the party to act along your own thinking.”

  • GTBank Mobile App Shutdown Sparks Customer Outcry – What Went Wrong and What’s Next?

    GTBank Mobile App Shutdown Sparks Customer Outcry – What Went Wrong and What’s Next?

    The transition from GTBank Mobile to the GTWorld app was intended to enhance user experience and offer better functionalities. However, this shift has sparked widespread dissatisfaction among customers of Guaranty Trust Bank (GTBank), as they lament the poor service and prolonged app downtime.

    GTBank Mobile App Shutdown and Customer Lament

    The recent shutdown of GTBank’s mobile application, GTWorld, has left numerous customers frustrated and unable to access their accounts. This disruption has led to a flurry of complaints on social media, with users expressing their disappointment over the bank’s lack of communication and the inconvenience caused by the app’s downtime.

    A Wave of Discontent

    The transition from the GTBank Mobile App to GTWorld was expected to bring improvements. However, the reality has been far from expectations. Customers have taken to social media platforms, particularly X (formerly Twitter), to voice their grievances. One notable comment came from Tolu Ogunlesi, a former presidential aide, who criticized the bank for not informing its customers about the app’s issues. “Would be nice for @gtbank to at least acknowledge to customers that their banking app is down and has been for a while. And give a sense of how soon it’ll be back up. Silence shouldn’t be an option,” he stated.

    Customer Reactions

    Boluwaji Akinlade, another disgruntled customer, expressed her frustration: “GTBank is on a rubbish behavior. This is so annoying. Nothing was wrong with your old app version. Who sent you people work to update? Who?” Her sentiment reflects a broader dissatisfaction with the bank’s decision to update an app that many felt was already performing adequately.

    Other customers, like Idowu Bankole, have been more severe in their criticism. He tweeted, “GTBank is gradually becoming so useless in the banking industry; they are worst with internet services, especially at weekends and, poor customer care services, which I became a victim, resulting in me losing over N2m to conmen in less than 2hrs. If they are tired of banking business, they should please join politics because that is where failures are celebrated with huge resources allocated to defend stupidity.”

    Impact on Daily Banking

    The inability to access accounts has had a significant impact on daily banking activities. Jerry Durojaiye humorously remarked, “Opening and running an account with GTBank should be added to 1000 ways to die.” This exaggeration highlights the severity of the frustration felt by customers.

    The issues are not just limited to individual banking needs. Omole Oluyemi, a pensioner, voiced his concern over delayed pension payments. “Gtbank! Please, what’s the matter with your operations oooo? My May 2024 pension hasn’t been paid to my account; whereas my colleagues in other banks have been paid since the 28th of May! Please let us know what’s the matter is,” he posted.

    A Pattern of Problems

    This isn’t the first time GTBank has faced criticism for its mobile banking services. Earlier in 2023, the bank announced the discontinuation of the GTBank Mobile App, urging customers to transition to the GTWorld app. The announcement, made on March 22, 2023, was met with mixed reactions, as many customers were apprehensive about the change.

    In July 2023, following an update to the GTWorld app, customers again reported issues, leading to an apology from the bank. GTBank acknowledged the hiccups and promised to provide online banking alternatives. Despite these assurances, the problems have persisted, culminating in the current situation where the app is down, and customers are left in the dark.

    The Bank’s Response

    As of now, GTBank has remained largely silent on the ongoing issues with the GTWorld app. This lack of communication has exacerbated customer frustrations, as they are left without information on when the app will be functional again. The bank’s previous apologies and promises to improve online banking services seem to have fallen short, leaving many customers feeling neglected.

    The Need for Better Communication

    One of the most glaring issues highlighted by customers is the bank’s poor communication. Keeping customers informed about the status of the app and expected resolution times is crucial in maintaining trust and minimizing frustration. In times of technical difficulties, transparent and timely updates can go a long way in managing customer expectations and mitigating dissatisfaction.

    The Way Forward

    For GTBank, addressing these concerns swiftly and effectively is paramount. Here are some steps the bank could take to restore customer confidence and improve service delivery:

    • Regular Updates: Providing regular updates on the status of the app and expected resolution times can help manage customer expectations.
    • Enhanced Customer Support: Improving customer support services, especially during weekends and peak times, can ensure that issues are resolved quickly and efficiently.
    • Technical Improvements: Addressing the root causes of the app’s issues and ensuring that future updates are thoroughly tested before release can prevent similar problems in the future.
    • Customer Feedback: Actively seeking and addressing customer feedback can help the bank understand and rectify the pain points experienced by users.

    Conclusion

    The shutdown of the GTWorld mobile app has sparked significant customer dissatisfaction, highlighting the importance of reliable digital banking services. For GTBank, the path to redemption lies in transparent communication, improved customer support, and technical excellence. By addressing these areas, the bank can restore trust and ensure that its digital banking services meet the needs of its customers.

    FAQs

    What led to the shutdown of the GTWorld mobile app? The shutdown was due to technical issues following an update to the app. The bank has not provided specific details on the cause.

    How has GTBank responded to the app issues? GTBank has been largely silent, leading to increased customer frustration. The bank has previously issued apologies for similar issues.

    What are customers’ main complaints about the GTWorld app? Customers are frustrated with the lack of access to their accounts, poor customer service, and lack of communication from the bank.

    How can GTBank improve its mobile banking services? GTBank can improve by providing regular updates, enhancing customer support, addressing technical issues, and actively seeking customer feedback.

    What impact has the app shutdown had on customers? The shutdown has disrupted daily banking activities, delayed transactions, and caused significant inconvenience for many customers.

    Is there an alternative to the GTWorld app for GTBank customers? Customers can use online banking through the GTBank website, although some users have reported issues with these services as well.

    Recommended Links.

    External Link:

  • Aisha Yesufu Reacts To Calls For Her Arrest After She Sat During Recital Of Old National Anthem (Video)

    Popular Nigerian activist, Aisha Yesufu has expressed displeasure over calls for her arrest for refusing to stand during the recital of the national anthem.

    In a viral video, Aisha Yesufu is seen boldly daring anyone to take action against her for her refusal to stand during the national anthem.

    She said if anyone should be arrested, it should be President Bola Ahmed Tinubu. She recalled that amid the election campaign, he lifted a stick during the recital of the national anthem.

    She also claimed that Tinubu was not voted for but “rigged his way into office and he dared to change a national anthem that Nigerians have been using for over 46 years.”

    She added that Nigerians are enslaved because they are afraid of dying but she is not afraid.

    She said the government disregard citizens in decision-making process because they know citizens would take whatever they dish out.

    To those calling for her arrest, she said: “I dey wait for them. We die here. There is no retreat, there is no surrender. This country is our own.”

    Watch The Video Below;

  • Breaking: FG, Labour In Emergency Meeting As Strike Grounds Economic Activities

    Breaking: FG, Labour In Emergency Meeting As Strike Grounds Economic Activities

    Economic activities across Nigeria have come to a standstill as the nationwide strike by the Organised Labour enters its second day. The Federal Government has summoned labour leaders to an emergency meeting in Abuja, seeking to resolve the deadlock over the demand for a new minimum wage.

    Leading the labour delegation are the President of the Nigeria Labour Congress (NLC), Joe Ajaero, and the President of the Trade Union Congress (TUC), Festus Osifo. Representing the government are the Secretary to the Government of the Federation, George Akume; Minister of Information, Mohammed Idris Malagi; and Labour Minister Nkiruka Onyejeocha, among others.

    Enzo Maresca Named New Chelsea Manager, Leaves Leicester City – What This Means for the Club’s Future

    The strike, which commenced on Monday, has significantly disrupted businesses, airports, universities, hospitals, and power supply. Both the NLC and TUC have insisted that the current minimum wage of ₦30,000 is inadequate to sustain the average Nigerian worker, noting that several state governors are yet to implement the existing wage, which expired in April 2024. The Minimum Wage Act of 2019 mandates a review every five years, a timeline that has now lapsed.

    The Organised Labour set a deadline of May 31 for the government to agree on a new minimum wage. With no resolution reached by the deadline, labour leaders declared an indefinite strike starting June 3, 2024, citing the government’s inability to meet their demands, which include a reversal of the recent electricity tariff hike.

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    Negotiations have been fraught, with Labour rejecting three government proposals, the most recent offering ₦60,000. The unions are steadfast in their demand for a new minimum wage of ₦494,000.

    Finance Minister Wale Edun, speaking on Channels Television’s Sunday Politics programme, acknowledged the legitimacy of the workers’ demands but highlighted the financial constraints. Edun emphasised the challenge of affordability, particularly for smaller businesses and local governments, if a new wage scale is implemented.

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    “It is difficult because the worker deserves his wage, and given what is going on, they deserve a change and, by law, every five years, and maybe, we shouldn’t have to wait five years every time to set a new wage scale,” Edun said. He further noted that a fixed minimum wage must be manageable for all sectors required to pay it.

    As the government and labour leaders continue their deliberations, the nation awaits a resolution to the impasse that has halted economic activities and heightened tensions across the country.

    Stay informed with Ejes Gist News – Your Source for Credible News in Nigeria Now.

  • Enzo Maresca Named New Chelsea Manager, Leaves Leicester City – What This Means for the Club’s Future

    Enzo Maresca Named New Chelsea Manager, Leaves Leicester City – What This Means for the Club’s Future

    Chelsea FC has recently announced the appointment of Enzo Maresca as their new manager, signing a five-year contract that includes an option for an additional year. The Italian coach succeeds Mauricio Pochettino, who departed Stamford Bridge by mutual consent on May 21 after a single season. Maresca’s journey to this prestigious role is notable, having led Leicester City to a Championship title in his first term as their manager.

    The Enzo Maresca Era Begins at Chelsea

    Chelsea’s decision to appoint Enzo Maresca marks a significant change in the club’s managerial direction. With a five-year contract in hand, Maresca is tasked with steering one of the world’s most prominent football clubs toward sustained success. His appointment reflects the club’s ambition to cultivate a team that not only wins titles but also plays an attractive brand of football.

    Who is Enzo Maresca?

    Enzo Maresca, 44, brings a wealth of experience to Chelsea, having built a reputable career both as a player and a coach. His coaching journey began after an illustrious playing career where he was known for his tactical intelligence and leadership on the pitch. Maresca’s success at Leicester City, where he guided the team to a Championship title, underscores his capability to manage at the highest level.

    A Dream Realized

    Upon his appointment, Maresca expressed his excitement and pride. “To join Chelsea, one of the biggest clubs in the world, is a dream for any coach,” he said. “It is why I am so excited by this opportunity. I look forward to working with a very talented group of players and staff to develop a team that continues the club’s tradition of success and makes our fans proud.”

    Enzo Maresca Transition and Continuity

    Maresca’s arrival signals Chelsea’s sixth managerial change in five years and the fourth since American investor Todd Boehly and private equity firm Clearlake Capital acquired the club in May 2022. This frequent turnover highlights the club’s relentless pursuit of success and willingness to make bold decisions to achieve their goals.

    Maresca’s Tactical Approach

    Known for his tactical acumen, Maresca’s coaching philosophy emphasizes possession-based football, high pressing, and dynamic attacking play. This style aligns well with Chelsea’s tradition of fielding teams that are both competitive and entertaining. His ability to adapt and innovate will be crucial in the Premier League, where tactical flexibility often separates the good from the great.

    Building a Competitive Squad

    Maresca inherits a squad rich with talent, featuring a mix of seasoned professionals and promising young players. His primary challenge will be to integrate these players into a cohesive unit capable of competing on multiple fronts. With the summer transfer window approaching, Maresca will likely look to bolster the squad with new signings that fit his tactical vision.

    The Role of Youth Development

    Chelsea’s youth academy has a storied history of producing top-tier talent. Under Maresca’s guidance, there is an expectation that the club will continue to prioritize the development of young players. His track record at Leicester City, where he successfully integrated young talents into the first team, bodes well for Chelsea’s future.

    Expectations and Challenges

    The Premier League is one of the most challenging environments in world football. Maresca’s ability to navigate this landscape will be put to the test as he competes against some of the best managers and teams. The expectations are high, and the pressure to deliver immediate results will be immense.

    The Premier League is one of the most challenging environments in world football. Maresca’s ability to navigate this landscape will be put to the test as he competes against some of the best managers and teams. The expectations are high, and the pressure to deliver immediate results will be immense.

    Maresca’s Vision for Chelsea

    Maresca has outlined his vision for Chelsea, focusing on building a team that embodies resilience, creativity, and tactical intelligence. His goal is to create a squad that can dominate possession, press effectively, and execute quick transitions. This vision aligns with Chelsea’s rich history of playing attacking football while maintaining a solid defensive foundation.

    The Importance of Stability

    For Chelsea, stability in the managerial position has been elusive in recent years. Maresca’s five-year contract signals the club’s intent to establish a long-term project. By providing him with the time and resources to implement his vision, Chelsea aims to build a sustainable model of success.

    The Role of Support Staff

    Maresca will be supported by a team of experienced coaches and support staff. Their role in helping him adapt to the new environment and implement his tactical philosophy will be crucial. Building a strong rapport with his staff and players will be essential for creating a positive and productive atmosphere within the club.

    Fan Expectations

    Chelsea’s passionate fan base will be eager to see how Maresca’s tenure unfolds. The supporters’ expectations are high, and they will demand both attractive football and tangible success. Maresca’s ability to connect with the fans and earn their trust will play a significant role in his overall success.

    Strategic Signings and Squad Management

    The upcoming transfer windows will be critical for Maresca as he looks to shape the squad according to his vision. Identifying key areas for improvement and making strategic signings will be vital. Additionally, managing the existing squad and keeping players motivated and fit will be a continuous challenge.

    Competing on Multiple Fronts

    Chelsea’s participation in multiple competitions, including the Premier League, FA Cup, League Cup, and potentially European competitions, will test Maresca’s squad management skills. Rotating players effectively and maintaining high performance levels across all fronts will be essential for achieving success.

    Potential for Silverware

    Winning silverware will be a primary objective for Maresca and Chelsea. The club has a rich tradition of winning trophies, and the new manager will be expected to add to this legacy. His ability to inspire the team and deliver in crucial moments will determine his tenure’s success.

    Developing a Winning Mentality

    Instilling a winning mentality within the squad is one of Maresca’s key goals. By fostering a culture of hard work, discipline, and resilience, he aims to build a team that can consistently perform at the highest level. This mentality will be crucial in overcoming the challenges that lie ahead.

    The Role of Leadership

    Strong leadership will be vital for Chelsea’s success under Maresca. Identifying and empowering leaders within the squad, both on and off the pitch, will help create a cohesive and motivated team. Maresca’s own leadership style, characterized by clear communication and tactical expertise, will set the tone for the entire club.

    The Impact of Preseason Preparations

    The preseason period will be crucial for Maresca as he looks to implement his ideas and assess the squad. Building fitness, establishing tactical principles, and fostering team cohesion will be key objectives. A successful preseason can lay the foundation for a strong start to the campaign.

    Enzo Maresca Long-Term Vision and Legacy

    Maresca’s appointment represents a long-term vision for Chelsea. His goal is not only to achieve immediate success but also to build a legacy that ensures the club’s sustained competitiveness. By developing a strong squad, nurturing young talent, and fostering a winning mentality, Maresca aims to leave a lasting impact on Chelsea.

     

    The appointment of Enzo Maresca as Chelsea’s new manager marks the beginning of an exciting chapter in the club’s history. With a five-year contract, Maresca has the opportunity to implement his vision and build a team capable of achieving great success. The journey ahead will be challenging, but with his tactical acumen, leadership skills, and the support of the club, Maresca has the potential to lead Chelsea to new heights.

    FAQs

    What is Enzo Maresca’s coaching philosophy? Enzo Maresca’s coaching philosophy emphasizes possession-based football, high pressing, and dynamic attacking play. He focuses on building teams that dominate possession, press effectively, and execute quick transitions.

    How long is Enzo Maresca’s contract with Chelsea? Enzo Maresca has signed a five-year contract with Chelsea, with an option for an additional year.

    What was Maresca’s previous role before joining Chelsea? Before joining Chelsea, Enzo Maresca was the manager of Leicester City, where he led the team to a Championship title in his first term.

    What are the expectations for Maresca at Chelsea? The expectations for Maresca at Chelsea are high. He is expected to build a competitive team, play attractive football, and win silverware.

    How will Maresca integrate young players into the Chelsea squad? Maresca is known for his ability to develop young talent. He is expected to continue Chelsea’s tradition of integrating young players from the academy into the first team.

    What are the key challenges Maresca will face at Chelsea? Maresca will face several challenges at Chelsea, including managing a talented but demanding squad, competing in multiple competitions, and meeting the high expectations of the club and its supporters.

     

    Recommended Links.

    External Links:

  • How Heritage Bank Customers Can Get ₦5m Insured Funds: NDIC Gives Step-By-Step Process

    Heritage Bank License Revoked: Customers Eligible for ₦5m Insured Funds: NDIC Outlines Step-By-Step Claim Process.

    Following the revocation of Heritage Bank’s license by the Central Bank of Nigeria (CBN), the Nigerian Deposit Insurance Corporation (NDIC) has commenced the liquidation process of the bank. This article provides a comprehensive guide for Heritage Bank customers to reclaim their insured funds, ensuring a smooth transition and access to their money. With assurances from NDIC spokesperson Bashir Nuhu, depositors are guided through the necessary steps to retrieve their funds up to the insured limit of ₦5 million.

    Understanding the Liquidation Process

    The Role of the NDIC

    The NDIC plays a crucial role in safeguarding depositors’ funds when a bank fails. Appointed as the liquidator for Heritage Bank under Section 12(2) of BOFIA, 2020, the NDIC ensures that depositors receive their insured amounts and facilitates the realization of the bank’s assets to pay off creditors.

    Insured Amount and Payment Assurance

    Bashir Nuhu, an NDIC spokesperson, has assured that depositors with insured amounts up to ₦5 million will receive their funds through alternate banks. For depositors with amounts exceeding ₦5 million, the payment will be made as liquidation dividends upon the realization of the bank’s assets and recovery of debts owed to the bank.

    Step-by-Step Process to Reclaim Funds

    1. Verification for Depositors with Alternate Bank Accounts

    Visit Nearest Bank Branch: Depositors with an alternate bank account in the industry should visit the nearest branch of Heritage Bank. They must bring proof of account ownership, verifiable means of identification (such as a driver’s license, permanent voter’s card, or National Identity Card), their alternate account details, and their Bank Verification Number (BVN). These documents will be used to verify their deposits and facilitate the payment of the insured sum.

    Online Claims Filing: Alternatively, depositors can file their claims online by visiting the NDIC website claims page at NDIC Claims. Here, they can download and fill out the claims form, upload the required documentation, and submit their claims electronically.

    2. Verification and Payment for Creditors

    Creditors are advised to visit the nearest branch of Heritage Bank to file their claims or use the online platform. The payment process for creditors will commence after all depositors have been paid. The NDIC ensures an orderly process to manage both depositors’ and creditors’ claims effectively.

    3. Repayment of Loans by Debtors

    Debtors who still owe loans to Heritage Bank must contact the NDIC’s Asset Management Department (AMD) to arrange repayment. Detailed information on the repayment process can be found on the NDIC website. The recovery of debts is vital for the liquidation process and the eventual payment of uninsured amounts.

    Assurances from the NDIC The NDIC has reassured the banking public of its commitment to the continued safety of depositors’ funds in all licensed banks. Depositors are encouraged to continue their banking activities with confidence, knowing that their funds are protected.

    Conclusion on How Heritage Bank Customers Will Get Insured Funds

    The liquidation of Heritage Bank marks a significant event in Nigeria’s banking sector, affecting numerous depositors and creditors. The NDIC’s structured approach ensures that affected individuals receive their insured funds promptly and securely. By following the outlined steps, depositors can navigate this transition smoothly and access their funds up to the ₦5 million insured limit. For ongoing updates and further information, customers are advised to regularly check the NDIC website and stay informed about the latest developments.

    FAQs on How Heritage Bank Customers Will Get Insured Funds

    What is the maximum insured amount Heritage Bank depositors can claim? Depositors can claim up to ₦5 million, the maximum insured amount per depositor.

    How can depositors without an alternate bank account reclaim their funds? Depositors without an alternate bank account should visit the nearest Heritage Bank branch with the required identification and proof of account ownership or file their claims online through the NDIC website.

    What should creditors do to get paid? Creditors should file their claims at the nearest Heritage Bank branch or through the NDIC’s online platform. Payment will commence after all depositors have been settled.

    What steps should debtors take regarding their loans? Debtors must contact the NDIC’s Asset Management Department (AMD) to arrange for loan repayment. Details are available on the NDIC website.

    How does the NDIC ensure the safety of depositors’ funds? The NDIC insures depositors’ funds in all licensed banks and manages the liquidation process to ensure depositors receive their insured amounts promptly.

    Where can I find more information on the liquidation process? For detailed information, visit the NDIC’s official website and refer to the claims section for guidelines on the liquidation process.

  • Fulani Herdsmen Ra)pe 13-year-old Girl, Kill Rescuer in Enugu

    Fulani Herdsmen Ra)pe 13-year-old Girl, Kill Rescuer in Enugu

    Following the incident, residents of Aku in Igbo-Etiti Local Government Area of Enugu State have been filled with rage over the matter that also left a farmer, identified as Mr Emma Nnadi dead.
    Ejes Gist News reports that Nnadi was shot dead, while trying to rescue a 13-year-old girl who was being gang-ra)ped by Fulani herdsmen.
    A community leader, Agu Chineme, who confirmed the incident in a statement he issued on Monday, said the community is indignant over the terror and brutality visited on it by the herdsmen.
    According to him, though the incident happened at Ugwu-Uvuru, a farm settlement in Uzo-Uwani, a neighbouring local government area, both the girl and the deceased are from Aku in Igbo-Etiti.
    He disclosed that “the 13-year-old girl, a primary school graduate, was mercilessly ra)ped by two armed Fulani men while working on her family’s farm.
     
    “The young victim recounted the horrific incident, with her voice trembling with fear and her body still bearing the physical scars of the assault.
     
    “The gruesome attack claimed the life of Emma Nnadi, a brave farmer who attempted to intervene and protect the young girl from the clutches of the ruthless herders.
     
    “The Fulani men showed no remorse as they took turns raping the girl, even as Emma lay down dead from a gunshot wound.”
    He said the Aku community was demanding justice over the heinous crime, lamenting that “the Fulani herders seem to operate with impunity in the region.”
    He lamented that the community had lost several vibrant men and women in the hands of the killer herdsmen.
    “As tensions escalate, local leaders are calling for urgent action to address the growing menace of Fulani herder violence; they are demanding increased security measures and accountability.
     
    “The memory of Emma Nnadi, a hero who gave his life to defend the innocent, will not be forgotten.
     
    “His legacy will fuel the pursuit of peace, justice, and security in Aku, and his soul will rest in peace,” Agu added.
    A response is currently awaited from ASP Daniel Ndukwe, the spokesman for the Enugu State Police Command.
  • Nigeria Govt Grants 12 More Companies Tax Holidays

    Nigeria Govt Grants 12 More Companies Tax Holidays

    The Nigerian Government granted 12 companies tax holidays in the first quarter of 2024.

    The Nigerian Investment Promotion Commission, NIPC, disclosed this in its latest report on the Pioneer Status Incentive (PSI) initiative.

    The new approvals brought the number of companies benefitting from the 3-year tax holiday to 104 at the end of Q1, 2024.

    The 12 companies include Fouani Nigeria Limited; Neway Power Technology Company Limited; Starich Recycle Technologies Company Limited; Gerawa Rice Mills Limited; Shafa Energy Limited; Mafa Rice Mills Limited; A. A Rano Nigeria Limited (haulage); and A.A Rano Nigeria Limited (Natural gas supplier).

    Others are Basma Agric Processing Limited; Flex Films Africa PVT Limited; Addmie Nutrition Limited; and Dufil Prima Foods Plc.

    The Head of Incentives Administration at the NIPC, Lovina Kayode, recently explained that the initiative is to boost foreign direct investment.

    “The pioneer status incentive is a stimulus that allows a company to get three years of not paying corporate income tax, just to get more investments.

    “This process is stringent because our parent ministry and the federal inland revenue service are involved to ensure the right investors get this incentive,” she said

    Meanwhile, the Federal Inland Revenue Service, FIRS, has inaugurated a joint committee with NIPC to review the implementation of the PSI.

    The development comes as the Federal Government ramps up efforts to achieve its N19.4 trillion revenue target for 2024.

  • Mohbad’s Widow, Wunmi, Shares Photos Of Their Son With The Late Singer And His Mum

    Wunmi, the widow of Ilerioluwa Aloba aka Mohbad, has shared photos of their son, Liam, with the late singer and his mum today, June 3.Heritage Bank License Revoked by CBN as NDIC Takes Charge (Full Details)

    After the photos were shared, some social media users pointed out the resemblance between late Mohbad and Liam.

    Mohbad’s Widow, Wunmi, Shares Photos Of Their Son With The Late Singer And His Mum

    This comes following Mohbad’s father, Joseph Aloba continuous calls for a DNA test to be conducted to determine if Liam is indeed the late singer’s son.

  • Heritage Bank License Revoked by CBN as NDIC Takes Charge (Full Details)

    Heritage Bank License Revoked by CBN as NDIC Takes Charge (Full Details)

    Heritage Bank License Revoked by CBN

    In a significant development within Nigeria’s banking sector, the Central Bank of Nigeria (CBN) has revoked the operating license of Heritage Bank due to its prolonged financial struggles. The Nigerian Deposit Insurance Corporation (NDIC) has taken over the bank’s operations, marking a crucial step in the distress resolution process.

    This move comes after years of financial instability and failed recapitalization efforts. This article provides an in-depth look at the reasons behind the takeover, the current state of Heritage Bank, and what this means for customers and the banking industry.

    Heritage Bank’s Troubled History

    Origins and Initial Growth Heritage Bank, established in 2012, aimed to revolutionize Nigeria’s banking landscape with innovative services and a customer-centric approach. It gained momentum by acquiring Enterprise Bank in 2014 for ₦56 billion, expanding its retail footprint significantly.

    Financial Missteps and Corporate Governance Issues Despite its ambitious beginnings, Heritage Bank’s downfall began in 2018, following years of poor corporate governance and questionable loan decisions. The acquisition of Enterprise Bank, although initially seen as a strategic move, turned out to be a financial burden that the bank struggled to manage.

    How Heritage Bank Customers Can Get ₦5m Insured Funds: NDIC Gives Step-By-Step Process

     

    The Impact of the Treasury Single Account (TSA)

    In 2015, the implementation of the Treasury Single Account (TSA) by the Nigerian government drastically reduced the amount of public funds in commercial banks. This policy change hit Heritage Bank hard, raising its cost of funds and reducing its deposit base, which was already small compared to other major banks.

    Rising Indebtedness and Negative Shareholder Equity By 2019, reports highlighted Heritage Bank’s liquidity issues, with a 2019 Proshare report noting the bank’s regular recourse to the CBN’s short-term borrowing window. As of December 2023, the bank had negative shareholder equity of ₦900 billion, indicating that its debts and liabilities far exceeded its assets.

    Heritage Bank License Revoked  and Recent Developments Leading to the Takeover

    Failed Stress Tests and Recapitalization Efforts

    Heritage Bank’s financial woes became more pronounced in December 2023 when it failed a stress test. The CBN subsequently urged the bank to seek strategic investors to aid in its recapitalization. Despite a deadline of April 2024, Heritage Bank made little progress in raising the necessary funds.

    Heritage BankLayoffs and Customer Access Issues

    In April 2024, the bank laid off 1,000 employees in a bid to cut costs. Customers began experiencing difficulties accessing their deposits, with Ejes Gist News reporting these issues as early as June 2023. The bank’s persistent liquidity problems further exacerbated these challenges.

    NDIC’s Role and the Takeover Process

    Initial Visits and Observations

    On a Monday morning, NDIC officials visited several Heritage Bank branches, including those in Victoria Island, Allen Avenue, Ilupeju, and Ladiopo. Their presence signaled the beginning of a distress resolution process, although some officials claimed it was a routine exercise.

    Legal and Regulatory Framework

    Under the Banks and Other Financial Institutions Act (BOFIA), the CBN is mandated to hand over significantly under-capitalized banks to the NDIC for distress resolution. This legal framework supports the current takeover of Heritage Bank.

    Implications for Heritage Bank Customers

    Assurance of Deposit Safety

    The NDIC’s primary role is to protect depositors and ensure the stability of the financial system. Customers of Heritage Bank can rest assured that their deposits are insured and that the NDIC will manage the bank’s operations to safeguard their interests.

    Transition Period and Service Continuity

    During this transition period, customers might experience some disruptions in services. However, the NDIC will work to minimize these disruptions and maintain service continuity. Customers are advised to stay informed through official channels for updates on the bank’s status and operations.Heritage Bank License Revoked by CBN as NDIC Takes Charge

    Broader Impact on Nigeria’s Banking Sector

    Regulatory Oversight and Financial Stability

    The takeover of Heritage Bank underscores the importance of regulatory oversight in maintaining financial stability. It highlights the CBN’s and NDIC’s roles in ensuring that banks operate within sound financial practices and are adequately capitalized.

    Lessons for Other Financial Institutions

    Other banks can learn from Heritage Bank’s experience, particularly the importance of strong corporate governance and prudent financial management. The industry must prioritize transparency, risk management, and compliance with regulatory requirements to avoid similar fates.

    The revocation of Heritage Bank’s license by the CBN and the subsequent takeover by the NDIC marks a significant development in Nigeria’s banking sector. While this move aims to protect depositors and stabilize the financial system, it also serves as a reminder of the critical role of effective regulatory oversight and sound financial practices. As the situation evolves, customers and stakeholders are encouraged to stay informed through official communications from the NDIC and CBN.

    FAQs on Regarding Heritage Bank 

    What led to the CBN revoking Heritage Bank’s license? Heritage Bank’s license was revoked due to prolonged financial struggles, including high indebtedness, failed recapitalization efforts, and liquidity issues. The bank also had negative shareholder equity, indicating severe financial instability.

    What role does the NDIC play in the takeover of Heritage Bank? The NDIC has taken over Heritage Bank to manage its distress resolution. This involves ensuring the safety of customer deposits and stabilizing the bank’s operations during the transition period.

    How will the takeover affect Heritage Bank customers? Customers may experience some service disruptions during the transition period. However, the NDIC aims to ensure service continuity and protect depositors’ interests.

    What is the Treasury Single Account (TSA), and how did it affect Heritage Bank? The TSA is a policy implemented by the Nigerian government to consolidate all public funds into a single account. This policy reduced the amount of public funds in commercial banks, significantly impacting Heritage Bank’s deposit base and raising its cost of funds.

    What measures are being taken to address Heritage Bank’s financial issues? The NDIC is managing the bank’s operations to stabilize its finances and protect depositors. The CBN had previously urged the bank to seek strategic investors for recapitalization, but these efforts were unsuccessful.

    What lessons can other banks learn from Heritage Bank’s situation? Other banks should prioritize strong corporate governance, prudent financial management, and compliance with regulatory requirements. Transparency and effective risk management are crucial to maintaining financial stability and avoiding similar issues.

    Recommended Links. 

    External Link

  • Week 49 Betking pool code this Saturday June 8, 2024

    Week 49 Betking pool code this Saturday June 8, 2024

    Week 49 Betking pool code for this week Saturday Fixtures, June 8, 2024.

    This newsonline Nigeria portal contains week 49 Betking pool code:  This week Betking Pool Codes for this Saturday pool fixtures 2024 can be accessed here on Ejes Gist Sports.

     

    Week 49 Betking Pool Code for Saturday Fixtures June 8 , 2024: The Betking Pool codes for this weekend are published every week for informational purposes only. We do not encourage anyone to risk their money. Any row or column left blank on Week 49 Betking Pool Code for this weekend will be subsequently updated during the week. Always check back for updates.

     

    See Related week 49 Bet9ja pool code for this Saturday June 10, 2024

      

    Week 49 Betking Pool Code for this weekend matches fixtures.

     

    Current pool fixtures and Betking pool codes for this week.

    № Pool Fixtures №
    1 Hills Utd. Central Coast 16972
    2 Rockdale C. W. Sydney 17290
    3 NSW Spirit Marconi S. 16943
    4 St George C. Wollongong W. 17283
    5 Sutherland S. Blacktown C. 16913
    6 Sydney Utd. Sydney O. 17285
    7 Bankstown C. SD Raiders –
    8 Bonnyrigg W. Blacktown S. –
    9 Dunbar R. B. Academy –
    10 Hakoah S. Macarthur R. –
    11 Mt Druitt Dulwich Hill –
    12 Nepean FC Inter Lions –
    13 Northern T. UNSW FC –
    14 Rydalmere Canterbury B. –
    15 Brisbane C. Gold Coast U. 23700
    16 Brisbane R. Redlands U. 22483
    17 Gold Coast K. Peninsula P. 17691
    18 Lions FC Olympic F.C. 17702
    19 Moreton B. SC Wanderers 20027
    20 Broadbeach U. Southside E. –
    21 Caboolture Logan L. –
    22 Capalaba Ipswich –
    23 St George W. Mitchelton –
    24 SWQ Thunder Moreton C. –
    25 Avondale Moreland C. 20006
    26 Dandenong T. Altona M. 20013
    27 Pt Melbourne Hume City 20009
    28 St Albans S. Melbourne K. 20519
    29 Bulleen L. N. Geelong W. 22334
    30 Eastern L. Melbourne V. 22559
    31 Melbourne C. Brunswick C. 22340
    32 Western Utd. Bentleigh G. 22566
    33 Armadale Olympic K. 17729
    34 Balcatta Bayswater C. 18888
    35 F. Athena Fremantle C. 18968
    36 Perth Glory Perth 16676
    37 Perth RedStar Inglewood U. 18857
    38 Stirling M. Western K. 22485
    39 Subiaco Sorrento –
    40 Adelaide C. Ad. Comets 22476
    41 Adelaide O. C. Raiders 22471
    42 Adelaide U. Para Hills 22387
    43 Croydon K. Modbury J. 22465
    44 Fulham Utd. Cumberland U. –
    45 Playford C. Adelaide B. –
    46 Salisbury Utd. WT Birkalla –
    47 Sturt Lions Adelaide V. –
    48 Vipers FC Ad. Cobras –
    49 W. Adelaide W. Strikers

     

    Betking booking codes for week 49 – See Codes

    It is important to note the following.
    • The betking codes are updated regularly, please endeavour to re-check!
    • Changes to the betking pools codes  can be adjusted anytime.

    This concludes the information regarding the Betking pool code for week 49, which includes a triple this weekend.

    Note: Please return every week to see the weekly code, which will be published as soon as it is available.

     

    Read Also Week 49 pool result 2024, June 10 & 11: AUSSIE pool Result | Pools Results | Soccer Results | live score Result

     

    To view posts related to this week’s Pool Fixture, and Pool Results, use the following quick links.

    That is all the latest Ejes Gist Sports on the Week 49 betking pool codes for this week.  Thanks for using our platform to learn about Betking Pool Codes for this weekend.

    Week 49 betking pool code for this week.

    Week 44 Betking Pool Code

    Please note that Ejes Gist Newsonline Nigeria only published week 49 betking pool codes and betking triple draws for informational purposes and we don’t Endorse it.

  • Week 49 Bet9ja pool code for this Saturday June 8, 2024

    Week 49 Bet9ja pool code for this Saturday June 8, 2024

    Week 49 bet9ja pool code this week Saturday June 8 and Sunday June 9, 2024 pool Fixtures and bet9ja pool result

     

    This online portal contains Week 49 Bet9ja Pool Code :  This Week 49 Bet9ja Pool Codes for this Saturday pool fixtures 2024 can be accessed here on Ejes Gist Newsonline Nigeria.

     

    The Week 49 Bet9ja Pool Codes 2024 for Saturday Fixtures wk 49: Every week, bet9ja pool result for this weekend football fixtures are published for informational purposes only. More so, any rows that are left blank during the week will be updated. Keep an eye out for the latest updates on Bet9ja Pool Codes for this week.

     

    Also Related: Week 49 Betking pool code this Saturday June 10, 2024

     

     

    Bet9ja Codes for Week 49 Pool Fixtures is free for all those who are interested. 

     

    Week 49 Bet9ja Pool Code for this weekend matches are;

     

    № Pool Fixtures №
    1 Hills Utd. Central Coast 2099
    2 Rockdale C. W. Sydney 2100
    3 NSW Spirit Marconi S. 1983
    4 St George C. Wollongong W. 2058
    5 Sutherland S. Blacktown C. 2038
    6 Sydney Utd. Sydney O. 1985
    7 Bankstown C. SD Raiders –
    8 Bonnyrigg W. Blacktown S. –
    9 Dunbar R. B. Academy –
    10 Hakoah S. Macarthur R. –
    11 Mt Druitt Dulwich Hill –
    12 Nepean FC Inter Lions –
    13 Northern T. UNSW FC –
    14 Rydalmere Canterbury B. –
    15 Brisbane C. Gold Coast U. 2563
    16 Brisbane R. Redlands U. 2515
    17 Gold Coast K. Peninsula P. 2546
    18 Lions FC Olympic F.C. 2542
    19 Moreton B. SC Wanderers 2545
    20 Broadbeach U. Southside E. –
    21 Caboolture Logan L. –
    22 Capalaba Ipswich –
    23 St George W. Mitchelton –
    24 SWQ Thunder Moreton C. –
    25 Avondale Moreland C. 2384
    26 Dandenong T. Altona M. 2405
    27 Pt Melbourne Hume City 2433
    28 St Albans S. Melbourne K. 2456
    29 Bulleen L. N. Geelong W. 1032
    30 Eastern L. Melbourne V. 2597
    31 Melbourne C. Brunswick C. 1061
    32 Western Utd. Bentleigh G. 2598
    33 Armadale Olympic K. 2376
    34 Balcatta Bayswater C. 2351
    35 F. Athena Fremantle C. 2367
    36 Perth Glory Perth 1269
    37 Perth RedStar Inglewood U. 2380
    38 Stirling M. Western K. 2364
    39 Subiaco Sorrento –
    40 Adelaide C. Ad. Comets 2346
    41 Adelaide O. C. Raiders 2278
    42 Adelaide U. Para Hills 2275
    43 Croydon K. Modbury J. 2276
    44 Fulham Utd. Cumberland U. –
    45 Playford C. Adelaide B. –
    46 Salisbury Utd. WT Birkalla –
    47 Sturt Lions Adelaide V. –
    48 Vipers FC Ad. Cobras –
    49 W. Adelaide W. Strikers –

     

    Bet9ja booking codes for week 49 – See Codes

    That is the Week 49 Bet9ja Pool Code for this weekend.

    It is crucial to note the following.
    • The Bet9ja codes are updated regularly, please endeavour to re-check!
    • Changes to the Bet9ja pools codes  can be adjusted anytime.

    Current Fixtures Bet9ja Pool Code for this week pool fixture 2024 …

     

    Navigate our website using these quick links to view posts related to this week:

     

    Week 44 Bet9ja Pool Code

     

    That is all there is to the Week 49 bet9ja pool code for this weekend.  This weekend Bet9ja Pool Code is for informational purposes and we don’t encourage or endorsed.

     

    Week 49 Pool Fixtures Sat June 10, 2024: AUSSIE Pool fixture wk 49 | poolfixtures

     

    Thanks for using our platform to learn about Bet9ja prediction and week 49 bet9ja pool code this week. Also visit our page for weekly pool fixtures codes.

  • NYSC News 2024: Allowance, Mobilization & Stipends

    NYSC News 2024: Allowance, Mobilization & Stipends

    The National Youth Service Corps (NYSC) plays a pivotal role in the lives of Nigerian graduates, providing a year of service that blends national development with personal growth. The NYSC news in 2024 brings significant updates for Batch A, B, C (Stream 1 & 2) corps members, including crucial information on registration, allowances, mobilization, and more.

    NYSC News 2024 Stream 1 and Stream 2

    The latest updates indicate ongoing registration for Stream 1. Prospective corps members are urged to complete their registration on the NYSC portal. For those who missed Stream 1 registration, there is a positive development: a Stream 2 batch will also be available in 2024, providing another opportunity to serve.

    Importance of National Identification Number (NIN)

    The NYSC has mandated the use of the National Identification Number (NIN) for all prospective corps members, a decision stemming from a collaboration with the National Identity Management Commission (NIMC). This move aims to enhance the registration process by ensuring accurate verification of identities, thereby making the mobilization process more efficient and secure.

    NYSC News 2024 on Mobilization and Orientation Updates

    Mobilization Timetable and Call-Up Letters

    The mobilization process is a critical phase for corps members. The NYSC has released the mobilization timetable for the upcoming batches, and corps members are encouraged to check the NYSC portal for their call-up letters and deployment details. Adhering to the given instructions and reporting to the designated orientation camp on time is crucial for a smooth start to the service year.

    Allowance and Welfare

    Increase in Monthly Allowance

    One of the most eagerly awaited updates is the increase in the monthly allowance for corps members. As of June 3, 2024, the NYSC management has announced a raise aimed at improving the welfare of corps members. This new allowance structure will take effect immediately, and corps members are advised to update their bank account details to facilitate seamless payment.

    Skills Acquisition Programs

    Recognizing the importance of skill development, the NYSC has organized various skills acquisition programs to enhance the entrepreneurial capabilities of corps members. These programs will cover diverse fields such as agriculture, ICT, fashion design, and more, providing valuable skills that will benefit corps members in their post-service careers.

    Integrating Forex Trading into NYSC

    Advocacy for Forex Trading

    During a recent press briefing in Lagos, a call was made for the integration of forex trading into the NYSC scheme. This initiative, highlighted at the upcoming Forex Millionaire Expo, aims to empower Nigerian youths by providing them with legitimate and valuable skills. Integrating forex trading into the NYSC program could potentially offer young Nigerians an alternative to internet fraud and other illegal activities, promoting a sustainable source of income.

    Stern Warning Against Unauthorized Night Journeys

    In light of recent safety concerns, the Director-General of the NYSC has issued a stern warning to corps members against undertaking unauthorized night journeys. This directive is intended to ensure the safety of all corps members and prevent incidents during the service year.

    Conclusion

    Staying informed with the latest NYSC news in 2024 is essential for both prospective and current corps members. This comprehensive update provides valuable insights into registration processes, allowance increases, mobilization schedules, and new initiatives. For the most accurate and up-to-date information, regularly check the NYSC website and official social media channels.

    FAQs

    What are the new NYSC allowance rates starting June 2024? The NYSC management has announced an increase in the monthly allowance for corps members, effective from June 3, 2024. Specific rates will be reflected in the updated payment schedules.

    How can I register for NYSC Stream 2 in 2024? Registration for Stream 2 will be announced soon. Prospective corps members should monitor the NYSC portal and official social media channels for updates on registration dates and procedures.

    Is the use of NIN mandatory for NYSC registration? Yes, the National Identification Number (NIN) is now mandatory for all prospective corps members as part of the enhanced registration process.

    What are the COVID-19 guidelines for NYSC orientation camps? Corps members must undergo mandatory COVID-19 tests before reporting to camp, wear face masks, practice regular handwashing, and maintain social distancing throughout the service year.

    How can I update my bank details for the new NYSC allowance? Corps members should log in to the NYSC portal and update their bank account details to ensure they receive the increased allowance promptly.

    What are the benefits of integrating forex trading into the NYSC scheme? Integrating forex trading into the NYSC scheme provides corps members with valuable financial skills, offering a legitimate source of income and reducing reliance on illegal activities.

     

    By staying updated with the latest NYSC news and developments, corps members can navigate their service year with confidence and make the most of the opp

  • Nationwide Outage as Labour Union Shuts Down National Grid

    Nationwide Outage as Labour Union Shuts Down National Grid

    Nationwide Outage as Labour Union Shuts Down National Grid. 

    In a dramatic escalation of their ongoing strike, the labour union has deliberately shut down the national grid, causing a nationwide power outage.

    The Transmission Company of Nigeria (TCN) announced this development in a statement from its Public Affairs Manager, Ndidi Mbah, in Abuja on Monday morning.

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    The shutdown reportedly occurred at 2:19 am on Monday, June 3, 2024. “The Transmission Company of Nigeria hereby informs the general public that the Labour Union has shut down the national grid, resulting in blackout nationwide,” Mbah stated.

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    Details from TCN indicate that at about 1:15 am, the Benin Transmission Operator, under the Independent System Operations unit of TCN, reported that union members forcefully removed all operators from the control room.

    “Staff who resisted were beaten, and some were wounded. Consequently, the Benin Area Control Center was brought to zero without any form of control or supervision,” the statement revealed.

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    Other affected transmission substations include Ganmo, Benin, Ayede, Olorunsogo, Akangba, and Osogbo. Several transmission lines were also opened due to the union’s actions.

    On the power generation side, generating units from various stations were forced to shut down. Notably, the Jebba Generating Station had to shut down one of its units, with three others subsequently shutting down due to very high frequency, leading to system instability and the eventual grid shutdown at 2:19 am.

    Efforts to recover the grid began at 3:23 am, with TCN attempting to use the Shiroro Substation to supply electricity to the Katampe Transmission Substation. However, the labour union’s ongoing obstruction continues to hinder grid recovery nationwide.

    TCN assured the public that it is working tirelessly to stabilize the grid and restore normal bulk transmission of electricity to distribution load centres across the country.

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