Monday, February 2, 2026
25.7 C
Lagos

Business

UAC Records Revenue Surge, Profit Impacted by One-Off Acquisition-Related Costs

UAC of Nigeria Plc has announced its unaudited financial...

Repton Group Wins 2025 Dangote Cement Largest Distributor Award

…in Nigeria, Sub-Saharan Africa By Goke Ilesanmi L-R: Alhaji Aliko...

MTN: The Best Mobile Internet Performance in Nigeria 2025

  Analysis period: January 1, 2025 - December 31,...

NIPR Postpones Annual PRICE Awards to Jan 25, 2026

The Nigerian Institute of Public Relations (NIPR) has deferred...

Wines of Canada Debuts in the Nigerian Market

Carl DIB Merchandising Limited, a leading company in the...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX Group, Lagos State, HEI Expand Project BLOOM to Alimosho, Building on Measurable Social Impact

Nigerian Exchange Group Plc (NGX Group), in partnership with...

Stockbrokers, Securities Dealing Houses Congratulate NGX on N100tn Market Capitalisation

The Chartered Institute of Stockbrokers (CIS) and the Association...

Tinubu Applauds NGX N100tn Milestone, Charges Nigerians to Invest More Locally

President Bola Tinubu has praised corporate Nigeria, citizens, and...

FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

The Federal Government has inaugurated the National Tax Policy...

NGX Expands Market Offerings with Introduction of Commercial Paper Listings

Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP)...

Insurance

Linkage Assurance Reports 24% Rise in Insurance Revenue to N27.6bn in FY 2025

Underwriting giant, Linkage Assurance Plc, delivered a robust operating...

Heirs Insurance Hackathon Opens: Nine University Students to Win N9m Innovation Prize

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, calls...

Royal Exchange CEO: Recapitalisation Will Reposition Insurance Sector, Support $1tn Economy Goal

Mrs. Idu Okeahialam, Group Managing Director/CEO, Royal Exchange Plc,...

Sovereign Trust Insurance Strengthens Partnership with TEXEM UK

L-R: Akinwumi Akinrinmade, ED, Technical Operations, Sovereign Trust Insurance...

SanlamAllianz Takes Financial Education to Lagos Markets

Insurance giants, SanlamAllianz has launched a financial education campaign...

Business

UAC Records Revenue Surge, Profit Impacted by One-Off Acquisition-Related Costs

UAC of Nigeria Plc has announced its unaudited financial...

Repton Group Wins 2025 Dangote Cement Largest Distributor Award

…in Nigeria, Sub-Saharan Africa By Goke Ilesanmi L-R: Alhaji Aliko...

MTN: The Best Mobile Internet Performance in Nigeria 2025

  Analysis period: January 1, 2025 - December 31,...

NIPR Postpones Annual PRICE Awards to Jan 25, 2026

The Nigerian Institute of Public Relations (NIPR) has deferred...

Wines of Canada Debuts in the Nigerian Market

Carl DIB Merchandising Limited, a leading company in the...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX Group, Lagos State, HEI Expand Project BLOOM to Alimosho, Building on Measurable Social Impact

Nigerian Exchange Group Plc (NGX Group), in partnership with...

Stockbrokers, Securities Dealing Houses Congratulate NGX on N100tn Market Capitalisation

The Chartered Institute of Stockbrokers (CIS) and the Association...

Tinubu Applauds NGX N100tn Milestone, Charges Nigerians to Invest More Locally

President Bola Tinubu has praised corporate Nigeria, citizens, and...

FG, SEC, NGX Group Forge Unified Direction on Capital Gains Tax Reform

The Federal Government has inaugurated the National Tax Policy...

NGX Expands Market Offerings with Introduction of Commercial Paper Listings

Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP)...

Insurance

Linkage Assurance Reports 24% Rise in Insurance Revenue to N27.6bn in FY 2025

Underwriting giant, Linkage Assurance Plc, delivered a robust operating...

Heirs Insurance Hackathon Opens: Nine University Students to Win N9m Innovation Prize

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, calls...

Royal Exchange CEO: Recapitalisation Will Reposition Insurance Sector, Support $1tn Economy Goal

Mrs. Idu Okeahialam, Group Managing Director/CEO, Royal Exchange Plc,...

Sovereign Trust Insurance Strengthens Partnership with TEXEM UK

L-R: Akinwumi Akinrinmade, ED, Technical Operations, Sovereign Trust Insurance...

SanlamAllianz Takes Financial Education to Lagos Markets

Insurance giants, SanlamAllianz has launched a financial education campaign...

‘AMCON Deserves Commendation for Supporting IDPs’

Deputy Governor, Yobe State, His Excellency, Engineer Abubakar Aliyu (standing 5th from left) in a group photograph with some commissioners and senior officials of Yobe State Government and representatives of Asset Management Corporation of Nigeria (AMCON) as well as officials of Education Crisis Response (ECR) during the distribution of AMCON relief materials to Internally Displaced Persons (IDPs) in Yobe State, one of the northeastern states that benefitted in the AMCON intervention…recently.

The Deputy Governor of Yobe State, His Excellency, Engineer Abubakar Aliyu has said a lot still needs to be done in the areas of rehabilitation, reconstruction, resettlement and reintegration of thousands of Internally Displaced Persons (IDPs) in Yobe and other northeastern states that were ravaged by the activities of the Boko Haram activities in the northeast.

Aliyu, who spoke in Yobe at the weekend while commending the kind gesture of the management and staff of Asset Management Corporation of Nigeria (AMCON) who donated scholastic materials to Mainstreamed Learners and Parents Caregivers; starter packs for small scale businesses as well as food items for the affected families in the host communities worth millions of naira also called on other organisations to come to the aide of Yobe and other sister states in the northeast.

He said AMCON’s intervention to IDPs in Yobe came at the time the government of Yobe State under the able leadership of the state governor, His Excellency, Alhaji (Dr.) Ibrahim Gaidam is also doing everything possible to bring an end to the sufferings of the displaced persons in the state.

Aliyu said Yobe State remains perhaps, the most coordinated of all the affected states when it comes to dealing with the challenges of IDPs in the country because the government set up a very powerful committee chaired by his humble self to coordinate every activity that has to do with IDPs in Yobe. For effective coordination and smooth handling of all issues, Engineer Aliyu said the committee, which is further broken down into four sub-committees are responsible for all donations, aides, grants amongst others that arrive the state for onward distribution to the beneficiaries.

He said, “On behalf of the government and people of Yobe State, I welcome you to our state and thank you for the items you have donated to the IDPs in Yobe State. I want to let you know that in Yobe, we are very methodological in handling the issues of IDPs. That was why the governor set up what you can call a one-stop-shop that handles anything IDP in the state because we are dealing with over 300,000 IDPs and 14,000 households that the state government allocated lands for the reconstruction of their houses. The figure is huge and so we need interventions like what you have done because the government alone cannot solve all the problems.

“As we speak, through the hard work and commitment of the state government, we have completed the rebuilding of most of the schools and hospitals. What we encourage donors like AMCON to do is to contact the committee so that we can guide you to channel your donations to areas that are critical. We need AMCON to key into our reconstruction plan for the IDPs, which we have already segmented for easy evaluation. We hope this is not the end of your intervention or assistance to us. I thank you for what you have brought to our IDPs and we believe it would go a long way.”

Earlier in his address, Mr. Hassan Tanko, who represented the Managing Director/Chief Executive Officer, AMCON, Mr. Ahmed Kuru in Yobe told the Deputy Governor that AMCON was moved to assist because of the untold hardship the IDPs were going through due to no fault of theirs.

He said, “Your Excellency, what you are witnessing here today is a clear demonstration of our support to the government and good people of Yobe State. We are concerned by the sufferings of Internally Displaced Persons (IDPs) especially the children and indeed the families that were traumatized and distabilised by insurgence in the northeast, where violent attacks by extremists forced more than 2.2 million people to flee their homes including over one million children who are presently out of school.”

Tanko said AMCON designed the IDP intervention programme for three northeastern states that were worst hit by insurgence. He told the Deputy Governor that the programme was flagged-off in Yola Adamawa State on November 2, where 3000 individuals across seven local government areas of the state benefitted from the relief materials. In Yobe, he stated that the items were meant to go round five local government areas.

Tanko again said, “For us as AMCON, everything that needs to be done must be done to provide succor to these children that are forced out of school. We must all join hands to secure their future though education because that is the best gift you can give a child to secure his or her future. There is also need to support their families. We thank the government and people of Yobe State for accommodating and assisting the IDPs to settle down, we also want to commend the management of USAID-Education Crisis Response (ECR) led by Mr. Ayo Oladini, whom the Management of AMCON selected among all the non-governmental organisations working in the northeast to assist AMCON in the distribution of these relief materials. We thank Almighty God for the peace that is gradually returning in the northeast and pray that as a people, we would not face this sort of crisis again.”

Hot this week

The Nigeria Prizes Open for Entries with Focus on AI, Poetry, Documentary Filmmaking

The Nigeria Prizes competition officially kicked off on Sunday...

UAC Records Revenue Surge, Profit Impacted by One-Off Acquisition-Related Costs

UAC of Nigeria Plc has announced its unaudited financial...

Moniepoint Celebrates 10 Years of Impact, Microfinance Bank Reports N412tn Transactions in 2025

Moniepoint Inc., Nigeria's definitive platform for small businesses and...

PenCom, PFAs to Unveil PENCAP – Data Recapture Self-Service Platform Feb 1

The National Pension Commission (PenCom), in collaboration with Pension...

Topics

Facebook Joins CTO

Facebook has joined the Commonwealth Telecommunications Organisation (CTO) as...

IMT 2022: Insurance, Tech Experts Advocate Partnerships to Deepen Insurance Penetration through Insurtech

L-R: Client Technology Lead, Microsoft Nigeria, Wole Odeleye; Managing...

A Business Case for Telecom Tariff Reduction

By Elvis Eromosele The news media is inundated with reports...

Experts, Stakeholders Call for Strong National Cyber-Security Infrastructure

Left: Chairman, Committee of Chief Information Security Officers of...

Nigeria in Top 5 Most Attractive African Countries for Global Investors

In Africa, the five most attractive nations for international...

Stanbic IBTC Bank Nigeria PMI: Recovery from Cash Crisis Continued in May

Latest PMI data indicated that the Nigerian private sector continued...

Nigeria – Which FX Rate Matters More?

· Inflationary pressure is rising despite an unchanged official...

Fidelity Bank Extends Lifeline to Makoko Community

L-R: Proprietor, Part of Solution School, Makoko, Prince Shemede...
Exit mobile version