Why Sanofi is Not Exiting Nigeria, Changing its Global Business Model

By Jerome-Mario Utomi It is common knowledge that Delta State Governor, Sheriff Oborevwori, recently, presented a N714.4 billion Appropriation Bill tagged ‘Budget of Hope and Optimism,’ for the 2024 fiscal year to the state House of Assembly. What is, however, uncertain to Deltans and the watching world is whose interest the bill, if passed, is meant to serve or protect. There is also the concern as to whether it will herald into the political geography called Delta state, a just or an unjust law. As we are now, a just law is ‘a man-made code that squares with moral laws

By Walter Duru, Ph.D It was Albert Einstein who once said that “setting an example is not the main means of influencing another, it is the only means.” That sentiment expressed by Einstein is the primary essence behind the theory of transformational leadership, which requires passion, charisma, and the ability to motivate others. Transformational leaders are usually very authentic, emotionally intelligent, great listeners, results-focused, visionary, and self-aware. In just 100 days at the helm of the National Identity Management Commission (NIMC), Engr. Abisoye Coker-Odusote has ushered in a new era of transformational leadership, leaving an indelible mark on the organization. Her eventual confirmation

By Jerome-Mario Utomi Taken objectively, Rev. Fr. Victor Ibude, from Agbor, Delta State, Nigeria, is a Catholic Priest ordained about 30 years ago precisely in the year 1993, who in the first instance went to the seminary with no ambition of becoming a priest but only went in thanksgiving to God for aiding him score distinction in his examination as conducted by the West African Examination Council (WAEC). He was, however, through divine arrangement and natural order of things, ordained a Priest of the Catholic Church on the aforementioned date. Essentially, by his ordination which was administered by His Lordship,

By Modupe Gbadeyanka The Nigeria Immigration Service (NIS) has debunked reports on social media that it is recruiting into the service. In a statement issued by the Assistant Comptroller of Immigration Service Public Relations Officer, Mr Sunday James, the general public should be weary of activities of fraudsters. The statement quoted the Comptroller General of NIS, Mr Muhammad Babandede, as announcing that “there is no recruitment exercise of any sort into the NIS at the moment.” He said “anybody making promises to anyone about possible assistance to getting employment into the NIS is deceptive, fraudulent and malicious”, warning that, “Such

By Dipo Olowookere A total of N40.8 billion was realized as gross earnings in the first six months of 2019, compared with N32 billion achieved in the first six months of 2018, the financial statements of Wema Bank Plc have revealed. The board, which released the financial status of the company on Friday, stated that the net interest income posted by the firm was N11.9 billion in contrast to N9.1 billion in the corresponding period of last year. This included the N32.9 billion recorded as interest income versus N25.4 billion in H1 2018, and an interest expense of N21 billion

By Dipo Olowookere The two soldiers captured assaulting a physically challenged man in Onitsha, Anambra State on Tuesday have been punished by authorities of the Nigerian Army. This information was revealed in a statement issued by the Army on Friday. The statement said the Army sympathizes with victim, who was flogged for wearing a camouflage, which is an offence in Nigeria. The Army, in the statement, said “in line with our zero tolerance of infringement of human rights by troops, those involved; Corporal Bature Samuel and Corporal Abdulazeez Usman of 82 Provost Company, have been arrested, summarily tried based on

By Investors Hub The major US index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside following the sharp pullback seen in the previous session. A positive reaction to the latest batch of corporate earnings news may contribute to an initial rebound on Wall Street. Shares of Disney (DIS) are surging 5.7 per cent in pre-market trading after the entertainment giant reported better-than-expected fiscal first-quarter results. Disney CEO Bob Iger also announced the company would be cutting 7,000 jobs as part of a broader cost-cutting and restructuring plan. Snack and

By Michael Owhoko, PhD In the absence of an 11th-hour miracle, when an assessment of the performance of the executive arm of government will be carried out on May 29 next year, using the economy, security and corruption as indices, President Muhammadu Buhari may likely go down as a failed President. If this happened, the legislative organ of government should largely be blamed. Firstly, for failing to invoke the doctrine of checks and balances to ensure the President discharges his statutory obligations in line with national interest and aspirations; secondly, for failing to halt breach of federal character principle by

By Adedapo Adesanya Oil prices fell on Wednesday, October 27 after industry data showed crude stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the United States, the world’s largest oil consumer. Brent crude oil fell by 2.67 per cent or $2.31 to trade at $84.09 per barrel after closing at the highest in seven years on Tuesday. The US West Texas Intermediate (WTI) futures depreciated by 2.35 per cent or $1.99 to $82.66 a barrel after gaining 1.1 per cent in the previous session. Crude oil prices retreated after the Energy Information Administration (EIA) reported

By Modupe Gbadeyanka The impressive and sound management, business model and strategic initiatives as well as the pioneering technology of Ecobank have been recognised by the judging panels of two prestigious organisations in London. Recently, the lender was announced as winner of the of Bank of the Year award as well as the Best Bank at The Banker and EMEA Finance Awards in London. It was gathered that Ecobank Cameroon, Gambia and Rwanda won Bank of the Year at The Banker Awards on November 28, 2019. This recognition came just before Ecobank Cabo Verde, Gambia, Liberia and Zimbabwe won Best

By Modupe Gbadeyanka The National Bureau of Statistics (NBS) on Friday said the consumer price index (CPI), which measures inflation, eased by 0.06 percent in month of February. A report released today by the stats office disclosed that the inflation rate stood at 11.31 percent (year-on-year) in February 2019 against 11.37 percent recorded in January 2019. It was further disclosed that increases were recorded in all COICOP divisions that yielded the headline index, with the index dropping 0.01 percent month-on-month to 0.73 percent in February 2019 against 0.74 percent in January 2019. The percentage change in the average composite CPI