Former Nigerian Leader Ernest Shonekan Dies at 85

By Bliss Okperan The New Nigeria Peoples Party (NNPP) has accused a former presidential candidate of the party, Mr Rabiu Kwankwaso, of being responsible for the sacking of the Governor of Kano State, Mr Yusuf Abba, at the Governorship Election Petitions Tribunal on Wednesday. A three-man panel led by Justice Oluyemi Akintan-Osadebay removed Mr Abba as Governor, ordering the Independent National Electoral Commission (INEC) to hand the Certificate of Return to the candidate of the All Progressives Congress (APC) in the poll, Mr Nasir Gawuna. Reacting to the development, a chieftain of NNPP in Southwest, Mr Abass Akande Onilewura, alleged

By Adedapo Adesanya The Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, is not heading to the exit door despite speculations amid continued organisational changes to the management of the state oil company. In a statement on Monday night, it was stated that in “addition to the recent exit of three Executive Vice Presidents, other Management Staff with less than 15 months to statutory retirement will be exiting the company effective 19th September 2023.” What this means is that the exit is happening downward since three Executive Vice Presidents were changed over the

By Aduragbemi Omiyale The Nigerian Exchange (NGX) Group Plc and its subsidiaries have expressed sadness over the death of one of its founding fathers, Pa Akintola Williams. Mr Williams, a renowned chartered accountant, peacefully died in his sleep, according to his family, on Monday, September 11, 2023, at the age of 104. In a statement issued on Thursday, the NGX Group described the death of Mr Williams as a “profound loss to the Nigerian capital market” and the country. He was the last surviving signatory to the original Memorandum and Articles of Association of the Nigerian Stock Exchange (NSE), which

By Precious Olisa Three Nigerian women entrepreneurs have been selected among 24 finalists for the 2023 African Women Innovation and Entrepreneurship Forum (AWIEF) awards. The Nigerians are the CEO of Bridge Merchant Enterprise (Agri Entrepreneur Award), Ms Chinwendu Nweke; the CEO of Clean Technology Hub (Energy Entrepreneur Award), Ms Ifeoma Malo; and the co-founder/CEO of D-Olivette Global Enterprise, (Social Entrepreneur Award), Ms Damilola Aminat Adeyemi. Launched in 2017, the annual AWIEF Awards is an initiative to recognise, honour, and celebrate women entrepreneurs and business owners in Africa across various industry sectors for their achievements and contribution to the continent’s inclusive

By Ahmed Rahma Over N9.6 trillion has been processed by the FirstMonie agents of First Bank of Nigeria, with more than 250,000 indirect jobs created within the last three years. The CEO of the financial institution, Mr Adesola Adeduntan, during a chat with newsmen recently disclosed that the channel has been used to make cash transfers to the poorest of the poor in the rural areas by the governments and NGOs. He revealed that the agents in the rural communities are equipped with BVN enrolment devices which enables them to enrol and open accounts for rural dwellers. With over 86,000

By Adedapo Adesanya The Naira finished stronger against the US Dollar at both the Investors and Exporters (I&E) and the unregulated segment of the foreign exchange market in Nigeria on Wednesday. During the midweek trading day, the local currency appreciated by N2.67 or 0.68 per cent at the I&E window to trade at N392/$1 in contrast to N394.67/$1 it was sold the day before. This was boosted by the 50.5 per cent or $119.68 million decline in the turnover for the day, which stood at $117.23 million compared with the previous session’s $236.91 million. Equally, at the black market, the

By Adedapo Adesanya Following its acquisition of top Nigerian mattress brand, Mouka Foam, Moroccan mattress maker, Dolidol, has set its sight on becoming a Pan-African beddings and mattress company by dominating the market. According to a recent report, the transaction was backed by UK-based private equity firm Development Partners International and was priced at $60 million. The deal is expected to present an immense growth opportunity, as Dolidol and Mouka Foam will bring together their highly complementary capabilities, banking on the large market share in Nigeria. Dolidol will also bank on this and more by developing new products for Nigeria’s

By Modupe Gbadeyanka Mr Jonathan (Jon) Witter has been appointed as the Chief Customer Officer at Hilton to oversee the Global Brands, Marketing, Loyalty & Partnerships, IT and Strategy teams. Mr Witter has extensive background in these functional areas, most recently serving as President of Retail and Direct Banking at Capital One Financial Corporation. He will report to Christopher J. Nassetta, president and CEO of Hilton, and serve as a member of the executive committee. “Jon has built an incredibly strong reputation throughout his career for constantly driving innovation, being a deeply strategic thinker and keeping the customer front and

By Modupe Gbadeyanka Publishers of books in Nigeria have been urged to embrace Yorùbá writings in order to encourage her writers. This appeal was made by an author, Chief Gbemisoye Ayano, who was the special guest at the 2nd anniversary of Yorùbá Lákọ̀tun, dedicated to the memories of Alàgbà Adébáyọ̀ Fálétí, who passed on recently. The event took place at the Ethnic Heritage Centre, Ikoyi. The quarterly Yorùbá cultural renaissance programme hosted by cultural aficionado, Olútáyọ̀ Ìrántíọlá, is aimed at celebrating the great feats of Yorùbá writers and others who are projecting Yorùbá culture to the global community. The literary

By Ashemiriogwa Emmanuel The Corporate Affairs Commission (CAC) has announced the commencement of the registration for the Limited Liability Partnership (LLPs) and Limited Partnership (LPs). Recall that Business Post reported last week that the Registrar General of the CAC, Mr Garba Abubakar, disclosed at a meeting that the new business forms would be available for business owners by the end of August 2021. As declared in a statement issued by the management on Tuesday, the commission has also deployed the registration interface for the LLPs and LPs on the Company Registration Portal (CRP) to enable customers and members of the

By Dipo Olowookere Two senior members of staff of Airtel Nigeria, Mr Bashir Ibrahim and Mr Oladapo Dosunmu, have been promoted by the company. The duo, Mr Ibrahim and Mr Dosunmu, have been made the Regional Operations Directors for North Region and South Region respectively. Both will ensure the growth of the telecommunications services provider in their respective regions and will also leverage on their distribution expertise to drive deeper penetration in their assigned regions. Before now, Mr Ibrahim was the Zonal Business Manager (North Midland) where he was instrumental to managing Airtel’s presence in the war-torn regions of the