NSE CEO Roundtable on Gender Equality Holds February 2

By Adedapo Adesanya President Bola Tinubu on Wednesday departed Abuja for Dubai, the United Arab Emirates, to attend the COP28 Climate Summit which takes place from December 1 —2, 2023, with the theme Unite, Act, and Deliver. According to the presidential spokesman, Mr Ajuri Ngelale, the President will be using the platform to advocate for funding as well as technical support to tackle the array of climate problems facing the country. He said Mr Tinubu was “mindful of the severe impact of climate change on Nigeria, such as desertification, flooding, erosion, drought, and national security risks arising therefrom, will maximise

By Adedapo Adesanya Global energy company, GE Vernova, has used a series of events during Compliance Week to emphasise the critical role of ethics and compliance in business growth and success. The week-long initiative, held across Nigeria with more than 100 attendees, involved employees, suppliers, legal experts, and customers, highlighting GE Vernova’s unwavering commitment to fostering a culture of integrity and transparency. Speaking on this, Mrs Ozim Ifeoma Ibeziako, Executive General Counsel for GE Vernova’s Gas Power business in Africa, said, “At GE Vernova, we believe that integrity is the cornerstone of any successful business. “Our Compliance Week is an

By Adedapo Adesanya A Federal Capital Territory High Court, Abuja, has adjourned an alleged procurement fraud case involving ex-Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to January 18 and 19, 2024, for continuation of trial. Mr Emefiele is standing trial on a six-count amended charge on alleged procurement of vehicles to the tune of N1.6 billion. He had pleaded not guilty to the charges. He was granted bail on November 17, 2023, to the tune of N300 million, and two sureties and remanded at the Kuje Correctional Centre, pending when he meets his bail conditions. However,

By Bliss Okperan The Governor of Ogun State, Mr Dapo Abiodun, has asked Nigerians to give President Bola Tinubu more time, saying he has performed well in office since taking over on May 29, 2023, noting that he inherited an almost comatose economy from former President Muhammadu Buhari. “The President Tinubu-led administration has been very bold and audacious. They’ve taken the bull by the horns. They’ve done what no government has done in the history of Nigeria,” Mr Abiodun said during an interview on Channels Television’s Sunday Politics show. Recall that a few days ago on Channels TV, the Governor

By Dipo Olowookere The sum of N466.86 million has been credited by the Lagos State government to the Retirement Savings Accounts of 187 of its retirees, including those of the State Universal Basic Education Board (SUBEB), under the Contributory Pension Scheme for the month of July 2018. Commissioner for Establishments, Training and Pensions, Dr Akintola Benson-Oke, who disclosed this recently, stated that in spite of the scarcity of funds, Governor Akinwunmi Ambode prioritises the payment of pensioners by making sure funds are released every month for payment of their entitlements. He said the present administration had so far paid more

By Sodeinde Temidayo David The Senate Committee on Anti-Corruption and Financial Crimes has called for more funding for the Independent Corrupt Practices and Other Related Offences Commission (ICPC) in order to make the agency deliver its mandate and purpose effectively. This was emphasized by the Chairman of the committee, Mr Suleiman Abdu Kwari, during the defence of the 2022 appropriation proposal by ICPC at the Senate complex in Abuja on Monday. Mr Kwari noted that ICPC is one of the few agencies of the government carrying out a very special and critical national assignment and for that reason, is needed

By Modupe Gbadeyanka A job racketeering syndicate has been busted in a sting operation carried out by operatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC). In a statement issued on Monday, the agency said it was able to apprehend the prime suspect of the team, which specialises in defrauding unsuspecting job seekers through offers of non-existing employment. According to the disclosure, four applicants were also arrested in the sting operation, which is part of an ongoing crackdown on employment syndicates by the commission in collaboration with the Office of the Head of Civil Service of the

By Dipo Olowookere On Tuesday, October 27, 2020, foremost underwriting firm, African Alliance Insurance Plc, held its 51st Annual General Meeting (AGM). The event was held in line with regulatory compliance and it gave room for the board of directors to present to participants, including shareholders physically present and those who joined online, the 2019 financial statements of the company and state what should be expected in the current fiscal year. Information gathered by Business Post indicated that shareholders of the insurance company were impressed with the strategies adopted by the board and management to deliver value to their investments

By Adedapo Adesanya It was a bad outing for the Naira at the Bureau de Change (BDC) segment for foreign exchange on Wednesday in Lagos. The local currency lost N1 against the United States currency at the midweek session to trade at N460/$1 in contrast to N459/$1 it went for the previous day. According to data obtained by Business Post from the Association of Bureau de Change Operators of Nigeria (ABCON), the domestic currency, however, put up a good fight against the Pound in Lagos by gaining N8 to sell at N559/£1 in contrast to N567/£1 it traded on Tuesday and

By Modupe Gbadeyanka World’s premium beer maker, Heineken, has commenced the construction its first brewery in Mozambique. The globally renowned firm laid the foundation stone of the project this week and was witnessed by top government officials in the Southern African nation, including the Minister of Trade and Industry, Mr Max Tonela. Located in Maputo, the new brewery, incorporating the latest technologies, represents a $100 million investment in the country and will have a production capacity of 0.8 million hectolitres and will brew high quality beers for the domestic market. The first bottle of beer is expected to come off

By Adedapo Adesanya The Federal Government on Monday extended the recent order by President Muhammadu Buhari on gradual easing of lockdown for another two weeks. Chairman of the Presidential Task Force (PTF) on COVID-19 and Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, disclosed this at the daily briefing of the task force in Abuja today. The President had last month announced a phased and gradual easing of the lockdown in the Federal Capital Territory (FCT), Lagos and Ogun states, while declaring a nationwide curfew with effect from May 4. At the briefing this evening, Mr Mustapha

In recognition of Customer Service Week 2023 (October 2 – 6), Schneider Electric shares valuable insights on improving customer satisfaction. Ajibola Akindele, Country President, Schneider Electric, West Africa, shares strategies and insights on how Schneider Electric has built long-lasting customer relations over the years through customer satisfaction. How would you describe Customer Service? The heart of Schneider Electric is its customer service. It represents our guiding principles and is essential to how we conduct business every day. At Schneider Electric, we consider providing exceptional customer service to be more than just a department, but rather a part of who we