Home Blog Page 49

FirstBank Highlights Key Benefits of MREIF Mortgage Loan for Nigerians

0
FirstBank Highlights Key Benefits of MREIF Mortgage Loan for Nigerians

FirstBank of Nigeria, has outlined key features of its MREIF Mortgage Loan, describing the scheme as a major opportunity for Nigerians seeking accessible home ownership.

The initiative, known as the MREIF Home Loan, is designed to help more Nigerians transition from renting to owning homes through a structured mortgage system that prioritises affordability and financial inclusion.

According to the bank, the mortgage product is tailored to support middle-income earners, enabling them to move from paying rent to building long-term assets through manageable repayment plans.

One of the major attractions of the scheme is its single-digit interest rate of 9.75 per cent per annum. The bank notes that this stands in sharp contrast to the double-digit mortgage rates commonly obtainable in Nigeria’s financial market, making the facility significantly more affordable for prospective homeowners.

Beyond affordability, the loan is positioned as a pathway to financial security. While rent payments are typically regarded as recurring expenses, mortgages under the scheme allow borrowers to build equity over time, gradually converting housing costs into ownership assets.

The bank also disclosed that the facility is accessible to Nigerians in the diaspora. Interested applicants living abroad can qualify by providing credit reports from recognised international credit agencies such as Equifax, alongside other required documentation.

Another notable feature of the mortgage product is the reduced equity contribution requirement. Under the scheme, prospective homeowners are required to provide only 10 per cent of the property value as a down payment, significantly lower than the traditional 30 to 40 per cent typically required for mortgage financing.

Financial analysts say the reduced equity threshold could help lower the barrier to home ownership for many Nigerians, particularly in high-cost urban centres.

With the initiative, FirstBank says it hopes to make home ownership more attainable while contributing to the growth and stability of Nigeria’s housing sector.

CAC Adewole Strengthens Customs–BATN Partnership, Seeks Alaafin’s Support Against Smuggling

0
CAC Adewole Strengthens Customs–BATN Partnership, Seeks Alaafin’s Support Against Smuggling

The Acting Customs Area Controller of the Oyo/Osun Area Command of the Nigeria Customs Service, DC Wale Moses Adewole, has reaffirmed the command’s commitment to strengthening partnerships with key stakeholders to boost revenue generation and facilitate legitimate trade.

Adewole stated this during a courtesy visit to British American Tobacco Nigeria (BATN) on Thursday, March 5, 2026, where he led members of the command’s management team to engage with the company’s leadership.

The delegation was received by the Director of Operations of BATN, Mr. Hasnain Ishtiaq, who welcomed the customs officials and acknowledged the long-standing working relationship between the company and the service.

Speaking during the visit, Adewole commended BATN for its significant contribution to national revenue through excise duties and for its consistent compliance with regulations guiding excise operations.

He described the company as one of the critical stakeholders supporting the statutory mandate of the customs service, particularly in the promotion of legitimate trade and the enhancement of government revenue.

Adewole emphasized the need for sustained collaboration between the command and BATN, noting that stronger partnerships with compliant corporate organizations would further improve revenue collection and strengthen the nation’s economy.

In his remarks, Ishtiaq thanked the Acting Controller and his team for the visit and for recognising BATN as a key partner in national development.

He commended the Nigeria Customs Service for its dedication to revenue generation, trade facilitation, and border protection, adding that these responsibilities play a vital role in Nigeria’s economic stability.

Ishtiaq assured the customs leadership of the company’s continued cooperation and commitment to full compliance with all regulatory requirements in support of economic growth.

In a related development, Adewole also paid a courtesy visit to the palace of the Alaafin of Oyo, Oba Abimbola Akeem Owoade, where he sought the monarch’s support in sensitising communities on the dangers of smuggling.

During the visit, the acting controller acknowledged the traditional institution as a custodian of the cultural heritage of the Yoruba people and stressed the importance of community collaboration in combating smuggling activities.

He appealed to the Alaafin to use his influence to educate residents on the negative impact of smuggling on the nation’s economy and the need to embrace lawful economic activities.

Responding, the monarch commended the Nigeria Customs Service for its efforts in safeguarding the nation’s economy through revenue generation and anti-smuggling operations.

The Alaafin assured the customs command of the palace’s support in sensitising the people of Oyo and surrounding communities on the importance of shunning smuggling and promoting legitimate trade.

Adewole reiterated that the Oyo/Osun Area Command remains committed to strengthening engagement with corporate organisations, traditional institutions, and the public to enhance revenue generation and support Nigeria’s economic development.

Pernod Ricard Nigeria Positioned to Benefit from Premiumisation Trend

0
Pernod Ricard Nigeria Positioned to Benefit from Premiumisation Trend

The Managing Director of Pernod Ricard Nigeria, Michael Ehindero, says the company is strategically positioned to benefit from the growing global trend of premiumisation as consumer preferences increasingly shift toward higher-quality international spirits.

Ehindero explained that the company’s strategy is guided by extensive market research that tracks evolving consumer tastes and identifies growth opportunities in premium beverage categories.

According to him, the firm, part of the global spirits and wine giant Pernod Ricard Group, continues to align its operations with both global priorities and local market realities while focusing strongly on premium brands.

He noted that Pernod Ricard Nigeria’s expanding portfolio reflects changing consumer trends, offering globally recognised beverages designed to deliver unique sensory experiences during social occasions.

“Our products are more than just the liquid in the bottle. They combine exceptional ingredients with craftsmanship to create authentic moments of sharing,” he said.

Ehindero added that sustainability remains central to the company’s operations. He disclosed that the company has eliminated single-use plastics across its activations and office spaces, including plastic straws, disposable cups and bottled water.

He also highlighted the company’s “Glass to Life” recycling initiative, which collects post-consumer glass bottles and reintegrates them into the circular economy to address waste management challenges.

On brand positioning, Ehindero said differentiation is key, citing brands such as Martell and Jameson as examples of products built around strong heritage, craftsmanship and consumer experiences delivered through events, collaborations and immersive brand activations.

Ogun Police Announce Screening for Constable Recruitment

0
Ogun Police Announce Screening for Constable Recruitment

Ogun State Police Command has announced that physical and credential screening for applicants seeking recruitment as General Duty and Specialist Constables into the Nigeria Police Force will hold from March 9 to April 18, 2026.

According to the Command, the exercise will take place daily from 7:00 a.m. at the POWA Hall, Command Headquarters, Eleweran, Abeokuta, and is specifically for Ogun State indigenes who successfully completed the online registration process.

The screening will be conducted by officers of the Nigeria Police Force in collaboration with personnel of the Police Service Commission (PSC).

Applicants are advised to log on to the official recruitment portal to confirm their screening dates and print required documents ahead of the exercise.

They are expected to appear at the venue on the date indicated on their invitation slip with all mandatory documents, including NIN printout or card, O’Level certificate, birth certificate or declaration of age, certificate of origin, and duly completed guarantor’s form. Specialist applicants are also required to present relevant trade certificates.

Candidates must submit both original and duplicate copies of their credentials neatly arranged in two white flat files with recent passport photographs attached. They are also required to appear in white T-shirts, white shorts, white canvas shoes, and white stockings.

The Command stressed that the recruitment and screening exercise is completely free of charge and will be conducted strictly on merit. Members of the public were urged to report any individual or group demanding payment in connection with the process.

Zenith Bank to Mark IWD 2026 with High-Level Leadership Seminar

0
Zenith Bank to Mark IWD 2026 with High-Level Leadership Seminar

Zenith Bank Plc will commemorate International Women’s Day, IWD 2026 with a high-level seminar scheduled for Monday, March 9, 2026, at the The Civic Centre.

Aligned with the global theme, “Give to Gain,” the Bank’s seminar is themed “Take It, You Own It,” reflecting a dual message of institutional responsibility and individual empowerment. The programme is designed to encourage women to take ownership of opportunities while institutions create enabling environments for growth and leadership.

Building on previous editions, including the 2025 seminar themed “Winning On All Fronts”, the 2026 event aims to deepen conversations around women’s empowerment, leadership, equity, and sustainable impact across sectors.

Speaking ahead of the seminar, the Group Managing Director/CEO of Zenith Bank, Adaora Umeoji, said International Women’s Day serves as a reminder that meaningful progress requires intentional action.

“‘Give to Gain’ speaks to the responsibility institutions have to create real opportunities, while our theme ‘Take It, You Own It’ challenges women to step forward boldly and lead,” she stated, adding that the Bank remains committed to fostering environments where women can thrive and shape outcomes.

The seminar will feature keynote addresses, panel discussions, Q&A sessions, and curated conversations focused on leadership insight, professional development, wellbeing, and collaboration.

It is expected to bring together accomplished women and leaders across business, governance, technology, creative industries, and social impact.

Zenith Bank said the initiative reinforces its commitment to advancing inclusion and creating platforms that recognise and amplify women’s potential across industries and communities.

Police Recruitment: NPF, PSC Begin Screening March 9 in Lagos

0
Ogun Police Announce Screening for Constable Recruitment

The Nigeria Police Force, NPF, in collaboration with the Police Service Commission, PSC, will commence physical and credential screening for applicants in the 2025/2026 Police Constable Recruitment Exercise from Monday, March 9, 2026.

The Lagos State Police Command disclosed that the screening, which targets applicants who successfully completed the online registration as General Duty and Specialist Constables, will run until Saturday, April 18, 2026.

According to the Command, the exercise will hold daily from 7:00 a.m. at the Police College Ikeja.

Applicants are required to appear in plain white T-shirts and white shorts and must present mandatory documents neatly arranged in two white flat files.

These include the invitation slip, credential screening form, National Identity Number (NIN) printout or card, O’ Level certificate, birth certificate or declaration of age, and Local Government/State of Origin certificate.

Specialist applicants are also required to provide relevant trade test certificates, while all candidates must submit duly completed guarantor forms with attached photocopies and passport photographs of referees.

The Command warned that any applicant who fails to present the required documents will not be screened and urged candidates to adhere strictly to their assigned dates and guidelines.

It further emphasised that the screening exercise is free of charge and strictly merit-based, advising members of the public to report any individual demanding gratification in connection with the recruitment process.

JMG Marks World Engineering Day, Pushes Smart, Sustainable Solutions

0
JMG Marks World Engineering Day, Pushes Smart, Sustainable Solutions

As the world celebrates World Engineering Day 2026, JMG Limited has reaffirmed its commitment to driving innovation and sustainability through smart engineering solutions.

Commemorating this year’s theme, “Smart Engineering for a Sustainable Future through Innovation and Digitalisation,” the company said engineering remains central to powering industries, healthcare systems, factories and urban infrastructure across Nigeria.

JMG provides integrated electro-mechanical solutions spanning power generation, solar power, electrical infrastructure, air compressors, cooling systems, elevators and escalators, services it described as critical to building efficient and sustainable environments.

Speaking on the significance of the day, the Chief Commercial Officer, Rabi Jammal, said engineering goes beyond machines and systems to delivering measurable impact.

“Smart engineering enables businesses to operate efficiently, cities to function reliably, and communities to grow sustainably. Through innovation and digitalisation, we are redefining how energy is generated, managed, and optimised across Nigeria,” he stated.

The company noted that sustainability has been a major focus since 2018, with increased investment in renewable and hybrid energy solutions. Its product portfolio includes Lithion and Livfast inverters and batteries, as well as LONGi solar panels, Deye lithium batteries and Must solar inverters introduced to expand cleaner energy alternatives.

According to JMG, these innovations support affordable and clean energy access while contributing to the development of more sustainable communities.

The firm described World Engineering Day as both a celebration of progress and a renewed commitment to advancing digital transformation and delivering long-term value across Nigeria’s industrial landscape.

Lagos HoS Presents Appointment Letter to LSSTF ES/CEO Ogunsan

0
Lagos HoS Presents Appointment Letter to LSSTF ES/CEO Ogunsan

The Lagos State Government has formally confirmed the appointment of Dr. Ayodele Ogunsan as Executive Secretary/Chief Executive Officer of the Lagos State Security Trust Fund, LSSTF, following the presentation of his official appointment letter by the Lagos State Head of Service.

At a brief ceremony held on Monday, March 2, 2026, the Lagos State Head of Service, Mr. Bode Agoro, presented the letter to Dr. Ogunsan, describing the move as a reinforcement of the administration’s confidence in his leadership capacity.

Dr. Ogunsan’s appointment was earlier approved by the Governor of Lagos State, Babajide Olusola Sanwo-Olu, with effect from October 31, 2025.

Speaking during the presentation, Agoro commended the LSSTF boss for what he described as impressive performance within his first 100 days in office.

He noted that under Ogunsan’s leadership, the Fund has intensified support for security agencies across the state through the provision of patrol vehicles, logistics, and operational equipment, as well as improved inter-agency collaboration.

He reaffirmed the state government’s commitment to strengthening the LSSTF’s mandate of mobilising resources and providing critical support to security agencies to enhance safety across Lagos.

In his remarks, Dr. Ogunsan expressed appreciation to Governor Sanwo-Olu and the Lagos State Government for the confidence reposed in him. He pledged to further scale up security-focused innovations and partnerships, particularly with the private sector, to ensure a safer and more resilient Lagos.

The formal confirmation signals what officials describe as an accelerated phase of security interventions and strategic reforms aimed at consolidating gains in the state’s security architecture.

World Obesity Day 2026: CAPPA Demands Stricter Junk Food Marketing Rules, Higher SSB Tax

0
CAPPA Urges Government to Strengthen Democracy, Address security, Economic Issues

As the world marks World Obesity Day 2026, Corporate Accountability and Public Participation Africa, CAPPA has called for tougher regulations to curb the aggressive marketing of unhealthy foods and beverages in Nigeria, warning that urgent policy action is needed to stem the rising burden of obesity and other noncommunicable diseases, NCDs.

In a statement commemorating this year’s theme, “8 billion reasons to act on obesity,” the group described obesity as one of the most pressing global health challenges, citing projections that nearly half of the world’s population, about four billion people, could be living with overweight and obesity by 2035.

CAPPA noted that Nigeria is not immune to the trend, attributing rising obesity rates to shifting dietary patterns, rapid urbanisation, and the increasing dominance of ultra-processed foods in the national diet.

The organisation warned that the widespread availability and marketing of foods high in sugar, salt, and trans fats are contributing to growing cases of obesity, diabetes, hypertension, cardiovascular diseases, and other diet-related conditions across the country.

Citing data published by the National Library of Medicine, CAPPA stated that as of 2020, over 21 million Nigerians aged 15 and above were overweight, while more than 12 million were classified as obese.

The group expressed particular concern over the targeted advertising of unhealthy products to children and young people through television, digital platforms, in-school promotions, and outdoor advertising, especially during festive periods.

Referencing its recent report titled Unhealthy Food Hijack of Festive Periods in Nigeria, CAPPA alleged that food and beverage corporations deliberately shape children’s taste preferences to secure long-term consumers.

To address the crisis, CAPPA urged governments at all levels to enact and enforce regulations restricting the marketing of unhealthy foods and beverages to children across all platforms.

The organisation also renewed its call on the National Assembly to review Nigeria’s Sugar-Sweetened Beverages (SSB) tax upward, describing the current rate as insufficient to significantly reduce consumption.

It recommended increasing the tax to 50 percent of the retail price, in line with guidance from the World Health Organization (WHO), arguing that stronger fiscal measures would discourage excessive intake and generate revenue for health financing.

Beyond taxation, CAPPA advocated for mandatory Front-of-Pack Labelling (FOPL) to clearly indicate when products are high in sugar, salt, or unhealthy fats. The group said visible warning labels would empower consumers to make informed choices and encourage manufacturers to reformulate products.

Additionally, CAPPA called for the development and enforcement of a comprehensive national salt reduction regulation, noting that excessive sodium intake is linked to obesity and hypertension, a major risk factor for stroke and heart disease affecting millions of Nigerians.

As global stakeholders reflect on the theme of World Obesity Day 2026, CAPPA stressed that Nigeria must demonstrate strong political will to protect public health.

“Protecting present and future generations from diet-related diseases requires effective policies, firm regulation, and political will that puts people before profit,” the organisation stated.

Jamara Launches ‘Home of Blessings’ Promo to Boost Ramadan Shopping Nationwide

0
Jamara Launches ‘Home of Blessings’ Promo to Boost Ramadan Shopping Nationwide

Jamara Home has unveiled its “Home of Blessings” promotion, offering exclusive in-store deals on home appliances as part of activities to mark the Ramadan season.

The nationwide campaign, which runs from March 3 to March 23, 2026, is designed to provide Nigerian households with discounted prices on a wide range of electronics and home essentials aimed at enhancing comfort and convenience during the fasting period.

According to the company, the initiative targets modern families seeking reliable kitchen and household appliances, including refrigerators, gas cookers, washing machines, cooling systems, televisions, audio equipment, and power solutions.

Head of Marketing at Jamara Home, Oluwatomi Faniran, said the campaign reflects the spirit of Ramadan.

“Ramadan is a time of reflection, generosity, and togetherness. Our Home of Blessings campaign is about supporting families in creating beautiful, stress-free moments at home. Whether it’s preparing meals, hosting loved ones, or simply enjoying comfort after a long day of fasting, we want every home to feel truly blessed this season,” she said.

The retailer noted that all products available during the promotion are sourced from authorized distributors and backed by full manufacturer warranties, assuring customers of authenticity and quality. Jamara Home also stated that it stocks over 30 international brands across various product categories.

Customers have been encouraged to visit any Jamara Home outlet nationwide to take advantage of the limited-time offers before the promotion concludes on March 23.

The company said the campaign underscores its commitment to delivering value-driven shopping experiences while supporting families in creating comfort and lasting memories during Ramadan.