United Capital Infrastructure Fund (UCIF), the infrastructure fund of leading Pan-African financial services group, United Capital Plc, is pleased to announce a total dividend distribution of N1.98 billion to its unitholders, for the year ended 2024.In accordance with its bi-annual distribution structure, the Fund paid an interim distribution of N769 million for the first half of 2024.This was followed by a distribution of N1.21 billion for the second half, bringing the total distribution to unitholders for the full year to N1.98 billion.These payments, comprising both accrued principal and interest, reflect the Fund’s unwavering commitment to delivering exceptional value to its…
Author: Oladi Samuel
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Australia has updated the rules for the Second Working Holiday Visa (Subclass 417), allowing travelers to extend their stay for an additional 12 months.The changes provide more details on the visa application process and set clear guidelines for applicants.Those who have already held a First Working Holiday visa can apply for the extension.The changes to the Second Working Holiday visa are intended to simplify the process and address issues faced by previous applicants, DAAD Scholarship cites. These changes impact visa cancellation, location declarations, and processing times.The Australian government has warned that high volumes of applications could lead to delays.Key changes…
Looking to grow your money in 2025? Mutual funds offer a simple and effective way to invest without the stress of managing individual stocks. In this episode of Everyday Money Matters, we break down how mutual funds work, the best options for different financial goals, and common mistakes to avoid.With as little as ₦5,000, you can start investing and watch your money grow. Whether you’re saving for retirement or just looking to build wealth, this episode gives you the knowledge to make informed decisions.Don’t miss out—watch the full episode now!
The European Commission has opened applications for its Blue Book Traineeship Programme, a five-month paid internship for graduates.The programme offers an opportunity to gain experience in EU policymaking and administration.Successful applicants will work alongside EU professionals on projects related to policymaking, communication, and administration.The program would permit recent graduates to work on projects in EU institutions, where approximately 650 trainees are selected each session, the commission informs.An opportunity to provide them with the chance to build professional skills.Trainees, as reported, can expect to interact with professionals and contribute to various EU programs.Financial support for participants Details inform that the Blue Book…
Netflix is doubling down on its commitment to Mexico, announcing a staggering $1 billion investment in the country’s film and television industry over the next four years.The move comes after the video streaming giant scaled back on commissioning originals in Nollywood.The announcement was made Thursday by Netflix co-CEO Ted Sarandos during a press conference with Mexican President Claudia Sheinbaum.“This investment, and the productions derived from it, will benefit Mexican production companies and contribute to the growth of the local audiovisual industry,” Netflix stated.As part of its expansion, the company will also inject $2 million into Mexico City’s historic Churubusco Studios…
President Bola Tinubu has appointed Dr. Saviour Enyiekere as the Chairman of the National Assembly Service Commission (NASC), granting him a five-year renewable term.Enyiekere, an environmental specialist, previously served as the Deputy Chief of Staff to the Senate President.His appointment comes as part of the administration’s ongoing efforts to strengthen governance and administrative oversight within the legislative branch.Apart from Enyiekere, President Tinubu has approved the appointment of 12 new members to the commission, selecting two representatives from each of Nigeria’s six geopolitical zones. Like the chairman, the newly appointed members will also serve renewable five-year terms.The appointments were confirmed in…
The Lagos State Government has commenced the clearance of illegal structures and criminal hideouts under Idumota Bridge.This move follows the expiration of served notices to occupants, reinforcing the government’s commitment to environmental safety and law enforcement.The announcement was conveyed via an X post on the official account of Tokunbo Wahab, the Lagos State Commissioner for Environment and Water Resources, on Wednesday.“Following the expiration of served notices, our dedicated Lagos State Environmental Sanitation Corps @LAGESCOfficial (KAI) have commenced clearance operations under Idumota Bridge harboring criminal elements and other illegal activities,” Wahab’s tweet read in part.The tweet further noted that the operation…
The Transmission Company of Nigeria (TCN) has announced a new peak generation of 5,543.20 megawatts (MW).This was disclosed via their official handle on X (formerly Twitter).The General Manger of TCN, Ndidi Mbah noted that this new record surpasses the previous peak of 5,478.73MW recorded on Thursday, February 13, 2025.“The Transmission Company of Nigeria (TCN) is pleased to announce that the Nigerian Power Sector achieved a new peak generation of 5,543.20MW for the year 2025, On Friday.” Mbah further explained that the new Maximum Daily Energy of 125,159.48 megawatt-hours (MWH) is the highest ever recorded in the nation’s electricity industry, exceeding the…
Providus Bank is pleased to announce the appointment of Mr. Mahmud Tukur as a Non-Executive Director. His appointment was ratified at the Bank’s Annual General Meeting, held at the Radisson Blu Anchorage Hotel, Victoria Island, LagosMr. Mahmud Tukur, who is the Founder and GCEO of Ashgrove Group, is an Award-Winning Global Business Leader, with three decades of experience across the energy, maritime, infrastructure and technology sectors.We are delighted to welcome Mr. Mahmud Tukur to our Board. His extensive experience and multifaceted skillsets including corporate governance, risk management, strategy and performance management will be invaluable as we strengthen our strategic direction…
The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, has outlined efforts and plans of the administration to achieve Nigeria’s ambitious target of increasing oil production to 4 million barrels per day by 2030.Speaking in an exclusive interview with Arise News on Wednesday, Verheijen said the government is providing fiscal incentives and eliminating bureaucratic bottlenecks to return international oil companies and also encourage local companies as improved investment is crucial to achieving the target.She explained that the President has taken a hands-on approach to attracting international oil companies (IOCs) and other investors back into Nigeria’s oil sector.“The President…