Business – Page 36 – National Daily Newspaper

FRSC boss hails Tinubu's CNG, EV policy as catalyst for economic growth

FRSC boss hails Tinubu’s CNG, EV policy as catalyst for economic growth

The Corps Marshal of the Federal Road Safety Corps (FRSC), Shehu Mohammed, has thrown his weight behind President Bola Tinubu’s Presidential Compressed Natural Gas...

How visa restrictions fail to slow Nigerians' 'Japa' trend

Aviation3 months ago

How visa restrictions fail to slow Nigerians’ ‘Japa’ trend

Tougher immigration policies introduced by major destination countries have done little to slow the growing number of Nigerians seeking opportunities abroad, as economic challenges at home...

Nigeria’s $55bn Reserves Raise Fresh Questions Over Naira Value

Business3 months ago

Five business developments to watch in Nigeria this August

Investors, businesses and policymakers are closely monitoring several economic developments expected to shape Nigeria’s business environment this August as the country navigates persistent inflationary pressures, exchange...

As part of its commitment to youth development and social responsibility, Lanre Shittu Motors (LSM) has intensified efforts to curb financial crime among young people through the donation of copies of the book titled- Clean Hands, Bright Future: A Youth Guide to Avoiding Financial Crime in Africa, to public secondary schools across Lagos State. The first phase covers 200 schools, with more than 150 schools already benefiting from the programme. The campaign, which commenced at Kuramo Senior College and Victoria Island Senior Secondary School, has moved to many other parts of the state and is designed to educate students on the dangers of fraud, cybercrime, identity theft, examination malpractice and other financial crimes, while promoting integrity, hard work, ethical leadership and responsible citizenship. Author of the book, Mr. Adedayo Aluko, said the project was inspired by the alarming rise in financial crime among young people and the need to intervene early through education. "The rate of financial crime among youths is becoming increasingly alarming. We believe education is one of the most effective tools to prevent crime. The message of the book is simple: crime does not pay, and with clean hands, every young person can build a brighter future," Aluko said. He explained that the initiative goes beyond book distribution, with plans to return to beneficiary schools for interactive enlightenment sessions and career talks to reinforce the message of integrity. According to him, the book simplifies over 100 forms of financial crimes, helping students understand offences that many young people unknowingly become involved in. Rich illustrations and practical examples were deliberately included to engage students and make the lessons memorable. Aluko commended Lanre Shittu Motors for supporting the project, describing the Managing Director of the company, Mr Taiwo Shittu, as a long-standing advocate of youth empowerment and education. "Mr. Taiwo Shittu believes there is no shortcut to success. During the flag-off, he personally handed copies of the book to students and encouraged them to embrace hard work, education and skill acquisition as the true pathways to success. Speaking on the initiative, Mr. Taiwo Shittu said the company's decision to sponsor the distribution reflects its belief that preventing crime begins with shaping values at an early age. "Young people are the future of our nation. By investing in character development and educating students about the consequences of financial crime, we are helping to build responsible citizens who will contribute positively to society. "At Lanre Shittu Motors, we believe integrity, education and hard work remain the surest foundations for lasting success," he said. Shittu noted that the company's strong culture of corporate social responsibility was inherited from its founder and his father, the late Alhaji Rasak Olanrewaju Shittu. He said the late automotive icon instilled in his children and employees the enduring values of compassion, community service and giving back to society, a legacy that continues to shape Lanre Shittu Motors' investment in education, youth development and other impactful social initiatives. Published in May 2026 and endorsed by the Chartered Institute of Bankers of Nigeria (CIBN), Clean Hands, Bright Future, has been described as a practical guide for young people navigating increasing social and economic pressures. The ongoing distribution programme underscores Lanre Shittu Motors' commitment to corporate social responsibility and its determination to inspire a generation that chooses integrity over shortcuts and honest enterprise over criminality. Lanre Shittu Motors has over the years maintained a strong record of investing in youth development through skills acquisition and capacity building initiatives. The company has consistently provided opportunities for young Nigerians to acquire technical and vocational skills in automotive engineering, vehicle maintenance and related fields through internship, apprenticeship and industry training programmes. It has also supported educational and youth empowerment initiatives aimed at preparing young people for productive careers, reinforcing its belief that equipping youths with employable skills remains one of the most effective ways to reduce unemployment, discourage crime and promote sustainable national development.

Business3 months ago

Lanre Shittu Motors deepens youth empowerment drive with anti-financial crime books for Lagos students

As part of its commitment to youth development and social responsibility, Lanre Shittu Motors (LSM) has intensified efforts to curb financial crime among young people through...

CBN unveils five priorities to drive Nigeria's next phase of Fintech growth

Business3 months ago

CBN unveils five priorities to drive Nigeria’s next phase of Fintech growth

The Central Bank of Nigeria (CBN) has outlined five key priorities that will shape the next phase of fintech development in the country, stressing...

Canada introduces $1.07m penalties for immigration fraud, unauthorised services

Aviation3 months ago

Canada issues 10 key tips to help immigration applicants avoid processing delays

The Canadian government has released updated guidance aimed at helping immigration applicants avoid unnecessary processing delays, application returns and refusals by ensuring that submissions are complete,...

Information Minister, VON DG to lead ARCON's 2026 Advertising Industry Colloquium

Business3 months ago

Information Minister, VON DG to lead ARCON’s 2026 Advertising Industry Colloquium

The Advertising Regulatory Council of Nigeria (ARCON) has announced the Minister of Information and National Orientation, Mohammed Idris, as the Chief Host of the...

FG to phase out electricity subsidies from 2027, rules out immediate tariff increase

Business3 months ago

FG to phase out electricity subsidies from 2027, rules out immediate tariff increase

The Federal Government has announced plans to begin phasing out electricity subsidies from 2027 as part of a broader strategy to address mounting financial...

Cooking gas dealers slash prices amid intensifying market competition

Business3 months ago

Cooking gas dealers slash prices amid intensifying market competition

By Arthur Eriye Nigeria’s liquefied petroleum gas (LPG) sector is entering a new era characterized by heightened price competition, as marketers reduce cooking gas prices...

Manufacturers renew FX access demand as rising input costs threaten industrial recovery

Business3 months ago

Manufacturers renew FX access demand as rising input costs threaten industrial recovery

By Arthur Eriye Nigeria’s manufacturers have reiterated their demand for enhanced access to foreign exchange, cautioning that escalating input costs, high energy expenses, elevated borrowing...