Rak Unity Petroleum Appoints Said Ahmed As Director

Image

rak-unity-petroleum

By Modupe Gbadeyanka

The appointment of Mr Said Modibbo Ahmed as the director of Rak Unity Petroleum has been announced by the company.

Mr Ahmed, a 1974 Business Administration first class graduate from the Ahmadu Bello University, Zaria, was announced by the Board of Directors of RAK Unity Petroleum Company Plc at its 12th meeting held on Thursday, October 27, 2016 at Block 5, Water Corporation Road, Ijora G.R.A, Lagos.

He is expected to fill the casual vacancy on the Board created by the resignation of Mallam Muhammad Lawan Buba.

Mr Ahmed boasts of a Masters in Public and International Affairs from the University of Pittsburgh, USA.

He served as an Assistant Lecturer in Administration at the Ahmadu Bello University, Zaria between 1975-1976 and as the foundation Academic Secretary at the University of Maiduguri from 1976-1978.

Mr Ahmed also served the Gongola State Government in various capacities such as the Registrar of College of Preliminary Studies between 1978 to1985, the Permanent Secretary, Gongola State Civil Service Commission from 1985 to 1987 and as the Director-General of Gongola Staff Development Institute between 1987 and 1988.

He joined the Nigerian National Petroleum Corporation (NNPC) in 1988 where he served as Executive Director in charge of Services in the Port Harcourt Refinery Company between 1988 and 1994, and Pipelines and Product Marketing Company between 1990 and 1994, from where he retired in 1994.

In 1999, Mr Ahmed was appointed secretary to the Adamawa State Government by the Military Administrator and although, asked to continue with the civilian administration, he left shortly after because of differences in values, perception and approach to governance.

Share
Related Stories
Image
04-March-2024

NASD OTC Exchange Records First Weekly Decline in Week 9

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange, for the first time in the 2024 trading year, declined in Week 9 by 3.92 per cent, shrinking the value of investors’ portfolio by N27 billion, as the market capitalisation went down to N1,548 trillion from N1.611 trillion in Week 8. Equally, the NASD Unlisted Security Index (NSI) depreciated by 47.17 points to wrap the week at 1,141.61 points compared with the 1,188.78 points recorded in the previous week. In the week, there was a 65.1 per cent decrease in the total value of securities traded by investors to N620 million

Image
03-March-2024

Alake Lures Qatari Investors With Nigeria’s Lithium Reserves

By Adedapo Adesanya Nigeria has called on Qatari investors to tap into the country’s Lithium, with comprehensive data on its reserves, available at the Nigerian Geological Survey Agency, according to the Minister of Solid Minerals Development, Mr Dele Alake. The Minister disclosed this in Doha, Qatar, on Saturday, at a meeting with Qatari businessmen on the sidelines of the visit of President Bola Tinubu to the Arab country. He is part of the delegation that accompanied President Tinubu on the visit to Doha, Qatar to strengthen cooperation between the nations in several sectors, including economic development. In a statement by

More Stories
Image
16-February-2023

Casino Gambling & Integrated Resorts in Thailand

Thailand Moving Closer to Integrated Resorts In early January of this year, a report was submitted and presented to the House of Representatives of Thailand. It contained surveys and various other research proposing casino-entertainment resorts to be built in Thailand. As reported by thaicasinocenter.org, a special house committee and Suan Sunandha Rajabhat University ran a public opinion survey at the end of 2022, asking whether Thai people would approve of entertainment resorts being built in certain areas which will have casinos. In that particular survey, 80.7% of people approved the projects, and 36.4% answered that casinos must be a part

Image
05-May-2023

Naira Appreciates at Official Market, P2P, Parallel Market

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Peer-2-Peer (P2P) as well as against the Investors and Exporters (I&E) and the black market windows of the foreign exchange window on Thursday, May 4. It gained N5 on the greenback in the P2P wing during the session to settle at N746/$1 compared with the previous session’s exchange rate of N751/$1. Also, in the parallel market, the Nigerian currency appreciated against its American counterpart by N2 to sell for N735/$1, in contrast to the N737/$1 it was transacted on Wednesday. In the same vein, the local currency was

Image
20-August-2020

AfDB to Hold 2020 AGMs Virtually from August 25

By Adedapo Adesanya The African Development Bank (AfDB) has disclosed that this year’s Annual General Meetings (AGMs) initially scheduled for May, will take place virtually from August 25 -27 (Next Tuesday – Thursday) in Abidjan, Côte d’Ivoire, where the bank’s headquarters are located. The event will see the 55th annual meeting of the AfDB Board of Governors and 46th meeting of the African Development Fund (ADF) take place. This will be the first time in the AfDB’s 56-year history that the event will hold virtually and this due to the adjustments brought about by the coronavirus pandemic. Speaking on this

Image
14-June-2022

Abia School Makes Top 10 Shortlist for World’s Best School Prizes

By Dipo Olowookere A school located in Ohanku Aba, Abia State, Best Intellectuals Model School, is in the race to get a share of the $250,000 for the World’s Best School Prizes put together by T4 Education in partnership with Templeton World Charity Foundation, Accenture and American Express. The Nigerian school was named in the top 10 shortlists in the Overcoming Adversity category and will hope to make it to the top 3 alongside other institutions in the other categories like Community Collaboration, Environmental Action, Innovation, and Supporting Healthy Lives later in the year. After a public advisory vote, the

Image
20-February-2017

Taraba Recruits 3000 Teachers

By Modupe Gbadeyanka Taraba State government has approved the recruitment of 3,000 teachers in a bid to boost the performance of Taraba indigenes and to reposition the educational sector to be comparable to any in the country. Addressing newsmen recently, Commissioner for Education, Mr Johannes Jegem, disclosed that Governor Darius Dickson Ishaku approved the exercise to beef up the educational sector of the state. According to him, the essence of the scheme, tagged ‘Rescue Teachers Scheme,’ is to enhance total reformation in the education sector to make it sound, resourceful and result oriented in line with the new National Policy

Image
14-December-2022

Telecoming Partners MTN to Boost Sportech Offering in Nigeria, Others

By Adedapo Adesanya Telecoming, an international company specializing in sport and entertainment monetization technologies, has signed a partnership with MTN Group to monetize digital services in 21 African countries. The scope of the agreement is to provide access to an audience of more than 280 million users in the region as Telecoming consolidates its connections in Africa and boosts its Sportech project. The impact of the deal opens up a potential market of more than 280 million African users. This is the second major global agreement that Telecoming has signed with a telco group, following the one reached in 2019,

Image
20-March-2017

NNPC Petrol Theft: Capital Oil is Clean—Ifeanyi Ubah

By Modupe Gbadeyanka Chairman of Capital Oil and Gas Industries Ltd, Mr Ifeanyi Ubah, has absolved his company from the alleged theft of about 100 million litres of petrol stored in its depot in Lagos by the Nigerian National Petroleum Corporation (NNPC). Mr Ubah, while reacting to the theft allegation on Sunday in Lagos, called for a reconciliation of the company’s account with the NNPC. He alleged that the NNPC has failed to tell the public that it also owed Capital Oil billions of Naira from their mutual business transactions, calling the allegation against his firm as mischievous and misleading.

Image
27-November-2017

Naira Depreciates Against Pound, Euro at Black Market

By Modupe Gbadeyanka The Nigerian currency opened the week on a weak note on Monday, depreciating against both the Pound and Euro at the parallel segment of the foreign exchange market. This came on the back of the weekly intervention of the Central Bank of Nigeria (CBN) in the forex market. Despite the injection of forex by the apex bank into the market, the local currency performed woefully against the major foreign currencies at the forex market. At the close of transactions on Monday, the Naira, which sold for N475 per Pound last Friday, was traded at N477 to the

Ad
Ad
Recent Stories
Image
04-March-2024

UK Announces £37.3m to Boost Livelihoods in Nigeria, Others

By Adedapo Adesanya The United Kingdom has announced new funding for the Mobile for Development Programme to help more people access mobile and digital technologies to find new opportunities and boost their livelihoods in Nigeria and other developing countries. UK’s Minister for Development and Africa, Mr Andrew Mitchell MP, during a speech at Mobile World Congress last week, announced that the UK is providing £37.3 million of new support for the Mobile for Development Programme. The new UK funding for innovative mobile phone technology will help change lives in developing countries around the world by harnessing AI technology to provide

Image
04-March-2024

Newly-Listed Transcorp Power Targets N500bn Revenue by 2031

By Adedapo Adesanya The latest company to join the Nigerian Exchange (NGX) Limited, Transcorp Power Plc, has announced a revenue target of N500 billion by 2031, tapping opportunities in the capital market and sustainable energy. This was disclosed by the Managing Director of the firm, Mr Peter Ikenga, during the Facts Behind the Listing held at bourse on Monday. The firm, owned by businessman and Chairman of UBA Plc, Mr Tony Elumelu, listed its stocks on the Main Board of the nation’s flagship exchange by introduction. It listed 7,500,000,000 ordinary shares of 50 Kobo each at N240.00 per share. Speaking

Image
04-March-2024

DisCos Must Promptly Respond to Customers’ Complaints—FCCPC

By Aduragbemi Omiyale Electricity distribution companies (DisCos) in the country have been charged to respond to customers’ complaints quickly for better service delivery. This task was given to the energy firms by the Federal Competition and Consumer Protection Commission (FCCPC), which said the companies must design a quick response mechanism to address issues from their customers. Speaking last Saturday at a four-day one-stop-shop for addressing billing, metering, transformer, connection, disconnection, customer service and other electricity consumer issues in Ikeja Electric coverage areas, the acting executive chairman of FCCPC, Mr Adamu Abdullahi, said the highest number of complaints received by the

Image
04-March-2024

Omokungbe Wants Implementation of Initiatives on Women’s Entrepreneurship

By Aduragbemi Omiyale A former Rector of Yaba College of Technology (YabaTech), Lagos, Mr Obafemi Omokungbe, has called for the implementation of programmes and initiatives designed to promote women’s entrepreneurship in Africa. Speaking at the just-concluded 10th anniversary of the African Women Foundation for Nation Building (WINBAFRICA) in Lagos, Mr Omokungbe, a fellow of the Nigerian Society of Engineers (NSE), also appealed to African countries to renew their commitment to women’s empowerment, saying it is a crucial step towards nation-building. According to him, the journey toward women’s empowerment in Africa involves a comprehensive approach that spans various sectors, including education,

Image
04-March-2024

NGX Group Declares 75 Kobo Final Dividend Amid 57.4% Surge in FY’23 Earnings

By Aduragbemi Omiyale A final dividend of N1.5 billion, amounting to 75 Kobo per share has been declared by the board of the Nigerian Exchange (NGX) Group Plc for the 2023 financial year. This brings to N1 the total dividend to be paid by the company after paying 25 Kobo (N495.5 million) as interim dividend at mid-year. In its audited financial statements for the year ended December 31, 2023, the NGX Group said its gross earnings increased by 57.4 per cent to N11.8 billion in FY 2023 from N7.5 billion in FY 2022 because its performances in core revenue and

Image
04-March-2024

Red Line Rail: Labour Party Demands Value for Money

By Aduragbemi Omiyale The Lagos State chapter of the Labour Party has tasked Governor Babajide Sanwo-Olu to ensure the recently commissioned Red Line Rail does not turn out to be another failure due to poor maintenance culture. In a statement by its Publicity Secretary, Mrs Olubunmi Odesanya, the opposition party appealed to the state government to ensure its sustainability. While greeting residents of the metropolis on the project, which was commissioned last Tuesday by President Bola Tinubu, the Labour Party faulted the timing of its completion, saying the ruling All Progressives Congress (APC) ought to have put the initiative in

Image
04-March-2024

Access Bank to Give 700,000 MSMEs Access to N50bn Via YouThrive

By Modupe Gbadeyanka An initiative known as YouThrive designed to give entrepreneurs in the micro, small and medium enterprises (MSMEs) access to a N50 billion credit facility has been introduced by Access Bank Plc. The lender disclosed at a media briefing in Lagos that about 700,000 MSMEs would benefit from this programme, which is open to business owners between the ages of 21 and 40 years. YouThrive is a transformative initiative designed by Access Bank to empower, uplift, and accelerate the next generation of MSMEs. According to the Deputy Managing Director of Access Bank, Mr Victor Etuokwu, who addressed journalists

Image
04-March-2024

Peter Obi Laments Nigeria’s Dependence on War-Torn Ukraine for Food

By Adedapo Adesanya The presidential candidate of the Labour Party in the 2023 polls, Mr Peter Obi, has lamented Nigeria’s dependence on Ukraine, a country ravaged by war, for food aid. Mr Obi, in a statement on Monday, expressed dissatisfaction at the current economic realities and recounted times when the Nigerian economy was faring better than that of Ukraine in 2015. “Ukraine cultivates over 60 per cent of its arable land, whereas Nigeria has over 60 per cent uncultivated arable land. “Despite the conflict, Ukraine feeds itself, and exports agricultural products worth over $25 billion which is about the same

Image
04-March-2024

AfDb Injects $134m Into Rice, Maize, Cassava, Soybean Production in Nigeria

By Adedapo Adesanya The African Development Bank (AfDB) is supporting Nigeria in the cultivation of rice, maize, cassava and soybean to boost food production with the provision of $134 million to achieve this. The president of the multilateral lender, Mr Akinwunmi Adesina, said on Saturday after visiting the Centre for Dryland Agriculture (CDA) at Bayero University, Kano, that the bank would support Nigeria to cultivate 300,000 hectares each of rice and maize, 150,000 hectares of cassava and 50,000 hectares of soybeans during the 2024 planting season. The CDA is a World Bank-supported centre established to serve as a regional training

Image
04-March-2024

Salesforce Unveils Conversational AI Assistant Einstein Copilot

By Modupe Gbadeyanka A new customisable, conversational, and generative AI assistant for CRM, Einstein Copilot, has been launched by Salesforce. The system was unveiled at the Mobile World Congress in Barcelona, Spain, and it will use adequate company data to generate useful responses. The Einstein Copilot enables Salesforce customers to generate responses using their private and trusted data, while maintaining strict data governance and without requiring expensive AI model training. As a result, Einstein Copilot can answer questions, summarise content, create new content, interpret complex conversations, and dynamically automate tasks on behalf of a user, all from a single, consistent