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Firm’s Shareholders Get 8 Kobo Div

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10 years ago

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Customers queuing to obtain Bank Verification Number (BVN) at a bank in Garki, Area 3 in Abuja on Monday.

Customers queuing to obtain Bank Verification Number (BVN) at a bank in Garki, Area 3 in Abuja on Monday.

The management of C and I Leasing Plc has approved an 8 kobo dividend for every ordinary share of 50 kobo.
The amount which was approved during the 2014 Annual general meeting (AGM) of the company in Port Harcourt represents a hundred per cent increase in dividend pay out compared to last year 4 kobo.
The Chairman of the company AVM (rtd) Abdul D. Bello described the 2014 Financial year as a remarkable one for the group despite the challenging economic environment.
According to him, “Despite the challenging Macro-economic and tough business environment strong competition and heightened political uncertainties, in the country, C and I Leasing Plc posted gross earnings of N13.9 billion for the group and N12.3 billion for the company, in 2014.
“This represents a growth of 13 percent for the group and 22 percent for the company when compared to the corresponding figure of N12.5 billion and N10.2 billion achieved by the group and company respectively in 2013”, he said.
The Chairman also said that the strong improvement in the company’s revenue and profitability was driven by its Marine business and efficiency gains, while increase in profit after tax was a reflection of tax benefits arising from gains on discontinued operation of the company’s business segments Citrans Global.
It also said that, the company has deployed appropriate strategies to boost efficiency and profitability by leveraging on the company’s vast improved processes, enhanced capacities, group synergies, cost reduction measures and continuous innovations to maximize opportunities and ensure sustainable growth.
AVM Bello (rtd) also said that, the Board has decided to strengthen the company’s capital base and improve the health of its statement of financial position.
“I would like to reassure our esteemed shareholders that the group’s prospects are promising and bright. Indeed, the future is robust.
“We are confident that the company will continue to leverage on brand reputation scale of operations and innovations to grow market share and volume, steps up investments in our core business, drive down cost and increase our productivity and efficiency to enable us deliver top line and bottom delight of all shareholder’s he said.

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Kenyan Runners Dominate Berlin Marathons

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2 days ago

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September 22, 2025

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Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

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NIS Ends Decentralised Passport Production After 62 Years

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2 days ago

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September 22, 2025

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The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
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FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

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2 days ago

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September 22, 2025

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The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
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