Our Congresses Will be Peaceful—Rivers APC Replies Wike

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 Modupe Gbadeyanka A socio-political group known as Save Enugu Group has congratulated Governor Peter Mbah of Enugu State on his recent Supreme Court victory. The organisation described the victory as well-deserved, urging politicians in the state to join forces with the governor to move the state forward. Last Friday, the country’s apex court dismissed an appeal filed by the candidate of the All Progressives Congress (APC) in the governorship election in the state, Mr Uche Nnaji. The opposition party challenged the victory of Mr Mbah of the Peoples Democratic Party (PDP) in the March 18, 2023, gubernatorial poll, asking

By Adedapo Adesanya President Bola Tinubu on Monday asked South African companies to consider investing in the Nigerian solid minerals development sector, promising them a conducive environment. Mr Tinubu made this call when he held talks with his South African counterpart, Mr Cyril Ramaphosa, in New York City ahead of the United Nations General Assembly (UNGA). According to a statement by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, the Nigerian leader advanced his economic development diplomatic drive for investment attraction during the engagement. He told Mr Ramaphosa that, “South African mining industries have a

By Adedapo Adesanya The Minister of Solid Minerals Development, Mr Dele Alake, has reiterated that his ministry would work with state governors to harness mineral resources for maximum socio-economic development of the country as the federal government seeks to explore all alternative revenue sources away from oil and borrowing. Mr Alake gave this assurance when the Governor of Nasarawa State, Mr Abdullahi Sule, paid him a courtesy visit in his office at the ministry’s headquarters in Abuja on Thursday. He noted that the ministry was determined and committed to harnessing the nation’s mineral resources, emphasising that Nasarawa State and other

By Modupe Gbadeyanka The Director of Finance and Accounts at the Oyo State Universal Basic Education Board (Oyo SUBEB), Mr Abideen Aderemi Agboluaje, has retired from service. The finance expert bowed out of service after attaining the age of 60. A retirement ceremony was held in honour of him over the weekend, with some senior and junior officials of the organisation in attendance. Speaking during the event, the Executive Chairman of Oyo SUBEB, Dr Nureni Adeniran, said the success of the programme reflects the hard work, humility and interpersonal relationship exhibited by the retiring Director while in service. Mr Adeniran

By Ebitonye Akpodigha Minister of Information and Culture, Mr Lai Mohammed, has assured of the Federal Government’s readiness to launch the Digital Switch Over (DSO) in broadcasting in the Federal Capital Territory (FCT), Abuja, by the end of 2016. The Minister gave the assurance in Abuja on Tuesday after a guided facility tour of Pinnacle Communication Limited – the licenced signal distributor of the DSO in the FCT and Trefonics, a licenced manufacturer of Set Top Boxes. He said it is imperative to ascertain the level of preparation of all the stakeholders in order to ensure a successful roll-out in

By Aduragbemi Omiyale The Central Bank of Nigeria (CBN) has expressed satisfaction with the power tussle between Mr Femi Otedola and Mr Taiwo Hassan Odukale, over who owns the single largest shareholding in First Bank of Nigeria, also known as FGN Holdings Plc. The duo recently became a news item over the issue after it was announced that Mr Otedola was now the single largest shareholder in the financial institution. The company later released a statement, stating that Mr Odukale was the largest shareholder. On Tuesday, after the last Monetary Policy Committee (MPC) meeting for 2021, the Governor of the

By Modupe Gbadeyanka The 2017 edition of the 9mobile Photography Competition is coasting to the climax with the announcement of the three finalists and the Voters’ Choice winner. The 9mobile photo contest is a talent development initiative by the Nigeria’s most innovative and youth-friendly telecommunication company. The competition serves as a platform to discover, reward and empower budding photographers to fulfil their passion and capture compelling images that celebrate the Nigerian heritage. Prizes will be awarded to the winner, runners-up and Voter’s Choice winner during the winner announcement scheduled to take place in Lagos on Friday, November 3, 2017. The

By Adedapo Adesanya Standard & Poor’s (S&P) Global Ratings has affirmed its ‘AAA/A-1+’ long- and short-term issuer credit ratings on the African Development Bank (AfDB). The rating agency in its latest rating positively assessed the bank’s very strong financial risk profile, very strong capital adequacy, strong funding and liquidity, extraordinary shareholder support and adequacy of its governance and management. The global rating agency also stated that the outlook of the Abidjan-based multilateral institution remains stable. “We are therefore affirming our ‘AAA’ long-term issuer credit rating on the AfDB,” S&P Global stated. The rating agency noted the bank’s $115 billion capital

By Dipo Olowookere Trading on the Nigerian Stock Exchange ended on a positive note on Thursday with the market capitalisation closing at N9.471 trillion from N9.454 trillion the previous day. This, Business Post learnt, was due to appreciation in the share prices of not less than 23 firms listed on the NSE. This showed that the market capitalisation rose by N17 billion at the close of trading. Also, the NSE All-Share Index appreciated to 27,574.09 basis points from 27,522.62 basis points. The maximum index point attained during trading on Thursday trade was 27,756.67 basis points, while the lowest and average

By Modupe Gbadeyanka President Muhammadu Buhari has expressed “heart-felt” sadness over the death of Madam Omowunmi Akande, wife of the founding chairman of the ruling All Progressives Congress (APC) and former Governor of Osun State, Mr Bisi Akande. In a letter penned by him on the heels of an earlier telephone call to the bereaved party chieftain on Wednesday, President Buhari described as “irreparable” the loss by Mr Akande of his wife of 50 years. “I received the very sad news of the death of your dearly beloved wife, Madam Omowunmi Akande this morning. I am following our phone call

By Dipo Olowookere In order to infuse robotics and artificial intelligence (AI) into the education of the Nigerian child, Union Bank of Nigeria Plc has introduced an initiative called the Next Robotics Legend. The first-of-its-kind robotics training and competition is for students aged 11 to 16 and will focus on identifying and nurturing young potential inventors and creators who will receive the necessary training to solve some of the challenges facing the Nigerian society with the aid of robotics and AI. It was designed by Edu360, Union Bank’s education platform, in collaboration with Awarri, a pan-African technology company. A statement