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LEAP Africa set for Social Innovators Programme and Awards 2015

LEAP (Leadership, Effectiveness, Accountability and Professionalism) Africa, a leading nonprofit organisation in Nigeria will announce emerging social innovators finalists at the Social Innovators Programme and Awards ( SIPA) 2015 in Abuja on November 12, 2015 themed Rage for Change: Creating Impact . According to Iyadunni Olubode, Executive Director, LEAP Africa, ‘ Social innovation is

Here is what Stanbic IBTC told Gistmaster about the Financial Council Issue

After publishing the news of Financial council suspension of IBTC directors,Gistmaster got a message from the bank stating their own side of the story. Our attention has been drawn to the media statements by the Financial Reporting Council of Nigeria (FRCN) in which several inaccurate and unseemly allegations were made against Stanbic IBTC Holdings PLC (“Stanbic IBTC”). Although the matter is in court, we are

Governor Fayose is a prophet-Dogbara

Speaker of the House of Representatives, Honourable Yakubu Dogara, on Sunday, in Jerusalem, the capital city of Israel, publicly revealed  how God used the Ekiti State governor, Mr Ayodele Fayose, to win the battle associated with his election as Speaker.                                    Giving his testimony at a special pilgrimage programme: “A day with Jesus for Nigeria in Israel,” organised by the Nigerian Christian Pilgrims Commission (NCPC), held

Stanbic IBTC Directors suspended by Financial Council over Irregularities in Financial Statements

The Financial Reporting Council of Nigeria has suspended the Chairman of Stanbic IBTC Bank Plc, Atedo Peterside; its Managing Director, Sola David-Borha; and two staff of KPMG, Arthur Oginga and Dr. Daru Owei, over accounting irregularities and improper disclosures in Stanbic IBTC’s 2013 and 2014 financial statements. The FRC in a statement on Monday, said Peterside, David-Borha and the KPMG staff remain suspended until the conclusion of investigation into the

Behold, The New Ooni of Ife! Adeyeye Enitan Ogunwusi

By Niyi Tabiti When I received a phone call in August this year that the new Ooni of Ife would be Prince Adeyeye Enitan Ogunwusi, I had little doubt. I have worked closely with the caller for some years. He later sent a profile of the Ogunwusi. He was very sure of his sources. Yeah, he was right. The Osun state government just announced the confirmation of the new Ooni of Ife. He will go through several rites and would be the custodian behind 201 deities of Yorubaland. Click here to read the about the new flamboyant title holder of Ooni of Ife.

Talk of the town wedding: Dolapo and Gbite Sijuade reveals their love story

  Desperate Housewives' Dolapo Ooni has revealed the motivation behind her marriage to Prince Gbite, the second son of the late of Ooni of Ife. Dolapo said the first time they met in 2011 in Abuja, she was not responsive the first time.  But she got attracted and fell in love with him the second day at a pool party. She

Is Jumia losing Nigeria market to Konga?

  Jumia just sacked about 300 staff and that is really no good news to many people who have been following the trend in e-commerce business in Nigeria. Rocket Internet the major investor behind Jumia have not issued a statement on the future of it business in Nigeria.   But Gistmaster gathered that Jumia's office in Zambia is shut and out of business.Felicia Omari-Ochelle, writing for Venture Africa noted that despite the huge investor fund,Jumia is yet to declare profit in Nigeria.    If Jumia sacks 30 per cent of it workforce in Nigeria. What does that mean? Do i hear you say Konga, it major competitor led by Sim Shagaya is winning? Well, Konga carried out it own mass sack in the past.

Why is senator David Mark always silent in the 8th assembly?-Nairalander

Why is Senator David Mark always silent in the 8th assembly?.This is a very hilarious question, just as it should be taken seriously. A nairalander,Udeghe asked the question recently.Mark was the Senate president durning past administrations. He was re-elected to the House of Senate on

Learn Style Secrets From Veronica Ebie-Odeka at Lagos Fashion and Design Week

  I just got this from one of one of our media friends,The Bobby Taylor Company.I am very sure some of you will be interested in  Vane style clinic. Veronica Ebie-Odeka will share keys to building that perfect style wardrobe, glam essentials for the 9-5 woman, the mom make over guide to looking your best and of course her famous style yourself 'thin' secret and accessory power.  Media Partners for this event are: Style Vitae,

When Chivas Regal,world's first luxury whisky hosted Olisa Adibua at Club Quilox

On Saturday, 17th October 2015, Club Quilox came alive as Chivas Regal, the world’s first luxury whisky hosted Olisa Adibua, a quintessential On Air-Personality at Beat 99.9FM to a ‘Taste of Luxury’. It was a great event that drew celebrities from the media and entertainment industry.   Chivas Regal is known to celebrate social entrepreneurs

Tunde Folawiyo buys Yacht

Business magnate and MTN director,Tunde Folawiyo just took delivery of a new yacht.The Yacht has FAFA inscribed on it.On Friday 16 October 2015 the new yacht was towed into Folawiyo jetty opposite the billionaire's family home on Queen's drive,Ikoyi. Before his death,Tunde's father,Alhaji Wahab Iyanda Folawiyo was one of Nigeria's richest men.The younger Folawiyo is estimated to be worth $650 million by Forbes magazine.

Why THENET Will No Longer Be Available on Newsstand-Ayeni Adekunle

Actor Richard Mofe Damijo,Tuface Idibia and Ayeni Adekunle at book launch on Tuface, recently.  Ayeni  Adekunle the publisher of weekly entertainment newspaper,THENET have confirmed that the print edition will no longer be available.Ayeni, who recently launched a book on Nigeria afro hip hop legend,Tuface Idibia said readers will continue regular dosage of up to date news from their website. Read the full statement by Ayeni below Today, I confirm what many have suspected: the weekly print edition of

Senate Postpone Amaechi's screening again

The Nigeria senate has moved the screening of ministerial nominee, Rotimi Amaechi to Wednesday. Amaechi's name was initially on the screening list circulated this morning but the list was later amended. Amaechi is a former governor of River State. Some other ministerial nominees and sitting senators are facing cases of corruption.Who is blocking Amaechi's confirmation?

UBA Records 44% Growth in Profit, As Gross Earnings Rise To N247.2 Billion

Pan-African financial services group, United Bank for Africa (UBA) Plc, yesterday, released its 9 months unaudited financial results for 2015 showing a strong 44% rise in profit after tax to N48.6 billion and a 17% rise in gross earnings to N247.2 billion.  The third quarter results also show Net Operating Income (NOI) recorded a strong 21% growth to N167.4 billion.   The cost to income ratio remained within management's

Global Recognition for Nigerian Stock Exchange

The Nigerian Stock Exchange’s efforts to at promoting corporate social responsibility and sustainability received boost recently when the bourse was honored with the Best Corporate Social Responsibility Company Award in New York, United States at the African Business Awards.  The African Business Awards, launched in 2008 by African Business magazine, is designed to celebrate excellence in African businesses, by recognizing the individuals and companies that are driving Africa’s rapidly transforming economy and creating new socio-economic opportunities for citizens and communities all over the continent.   The Managing Director of IC Publications and Group Publisher of African Business magazine, Mr. Omar Ben Yedder said “It is encouraging