March 2025 – Page 220

Trade unions must shape AI impact in workplaces – ITUC

05.03.2025

The International Trade Union Confederation has called for stronger worker involvement in decisions on AI adoption in workplaces. The body asserted this at a high-profile global summit on Artificial Intelligence, hosted by the French government, convened heads of state, multinational corporations, trade unions, and academics to discuss AI’s societal implications. Speaking at the event, ITUC...

FirstBank holds groundbreaking ceremony for new state-of-the-art eco-friendly headquarters

05.03.2025

The groundbreaking ceremony signifies the beginning of a transformative journey that reinforces FirstBank’s commitment to excellence, innovation, and customer satisfaction. The new headquarters is designed with sustainability in mind, featuring a green-certified building that reduces operational costs and positions FirstBank as a leader in sustainable banking practices. According to Olusegun Alebiosu, CEO, FirstBank Group, “We...

Gencos lament N4.7tn debt as power generation hits 5,713MW

05.03.2025

As Nigeria’s power sector witnessed a rise in electricity generation, the companies behind power production have condemned the Federal Government’s failure to pay the N4.7tn debt owed to Gencos by the sector. The Transmission Company of Nigeria disclosed on Tuesday that the nation’s power generation hit 5,713.60 megawatts, the highest since four years ago. While...

United Capital Infrastructure Fund disburses N1.98bn dividends

05.03.2025

The United Capital Infrastructure Fund has announced a total dividend distribution of N1.98bn to its unitholders for the year ended 2024. In a recent statement, the fund which is the infrastructure fund of the leading Pan-African financial services group, United Capital Plc, has a bi-annual distribution structure, the Fund paid an interim distribution of N769m...

Top 15 News Roundup For Latest Nigeria News March 5

05.03.2025

Here is New Telegraph’s news roundup of the top 15 latest Nigerian news making headlines today Wednesday, March 5, 2025. FG Inaugurates Committee On National Power Council The Federal Government has inaugurated the planning committee on the proposed conference of the National Council on Power (NACOP), the highest decision-making body for the power sector. This...

Tinubu’s foreign trips attracted $50.8bn investments

05.03.2025

The Minister of Industry, Trade, and Investment, Jumoke Oduwole, has disclosed that the 30 foreign trips undertaken by President Bola Tinubu have attracted proposed investments worth $50.8bn into the country. Oduwole spoke on Tuesday during the ministerial press briefing series organised by the Ministry of Information and Cultural Orientation in Abuja. The minister, citing reports...

FNSB hails FCMB on support for visually impaired persons

05.03.2025

The Federal Nigeria Society for the Blind has commended First City Monument Bank for supporting the visually impaired community in Nigeria. According to a statement on Tuesday, FCMB, through financial donations and essential supplies, has strengthened programmes at FNSB, Pacelli School for the Blind, Bethesda Home for the Blind, and Farmcraft Centre for the Blind,...

FCT Hospital retains international standard certification

05.03.2025

Bwari General Hospital in the Federal Capital Territory has retained its International Organisation for Standardisation (ISO IS189:2022) certification, becoming Nigeria’s first and only government-owned medical laboratory to attain and maintain the ISO-151892033 accreditation. The Senior Special Assistant on Public Communication and New Media to the FCT Minister, Lere Olayinka, announced this in a statement on...

CBN okays new directors

05.03.2025

The Central Bank of Nigeria has appointed 16 new directors across key departments, ending nearly two years of acting leadership in several units as the apex bank moves to strengthen its regulatory framework. Although the CBN has yet to issue an official statement on the appointments, multiple sources confirmed it to The PUNCH on Tuesday....

LASG, firm advocate PPP for rapid industrialisation

05.03.2025

The Lagos State Government and Design Week have stressed the importance of public-private partnerships in accelerating the pace of industrialisation in the country. The call was made at the just-concluded Design & Innovation Exhibition, organised by Design Week, Lagos, in partnership with Ecobank Nigeria and the Ministry of Arts, Culture, Tourism, and the Creative Economy....