Reps Probe Firm’s Failure to Remit N2b to FCT

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 Bliss Okperan A news report filtering in indicates that a part of the Supreme Court complex in Abuja has been gutted by fire. The incident, according to what Business Post gathered, happened on Monday morning. It was said that offices of three justices were affected by the inferno, whose cause is yet unknown at the time of filing this report. Details later…

By Precious Olisa The Zamfara State Election Petition Tribunal sitting in Sokoto State has upheld the election of Mr Dauda Lawal as the governor of the state. Mr Lawal emerged victorious in the election after contesting to govern the state on March 18, 2023, under the platform of the Peoples Democratic Party (PDP). He defeated the immediate past Governor of the state and current Minister of State for Defence, Mr Bello Matawalle, with an impressive margin of 65,750 votes. The returning officer for the poll had announced that Mr Matawalle, the candidate of the All-Progressives Congress (APC), secured a total

By Aduragbemi Omiyale An artificial intelligence-powered feature, Dream Screen for Shorts, designed to redefine how creators use YouTube, has been unveiled by the video streaming platform. The feature was introduced by the tech giant on Thursday alongside others at the Made On YouTube event. It was created to allow YouTube creators to reach more viewers. According to the firm, Dream Screen allows creators to add AI-generated video or image backgrounds to their Shorts simply by typing an idea into a prompt. With Dream Screen, creators will be able to generate new, fantastic settings for their Shorts that are only limited

By Dipo Olowookere Treasury bills investors got the investment tool at a rate higher than they bought two weeks ago as the Central Bank of Nigeria (CBN) further increased the stop rates across the tenors to retain its demand. However, it was observed that despite this action, the exercise was marred by a low appetite for the asset class, and traders weighed the macroeconomic risks, especially in the foreign exchange (FX) market, as it erodes the gains in Naira investments. At the primary market auction (PMA) held on Wednesday, the apex bank came with high hopes by offering a total

By Modupe Gbadeyanka The parent company of Stanbic IBTC Holdings Plc, Standard Bank Group, has commenced the 10th Africa Investors Conference. The conference, taking place virtually, started on Monday, June 22, 2020 and will run till June 26, 2020. It is hosted against the backdrop of an uncertain environment as the COVID-19 pandemic and national lockdowns remain very much to the fore. A statement stated issued by the organisers said the event is taking place online this year in line with current world trends. It is expected to enable African corporate clients and leading policymakers to connect virtually with some

By Dipo Olowookere Nuvias has been appointed as a pan-EMEA distributor for Juniper Networks’ full range of high-performance networking, security, data centre and cloud solutions. High-value distribution business Nuvias will support Juniper’s continued growth plans for EMEA, particularly in the mid-to-high end enterprise market. Nuvias has designed, together with Juniper, a full channel partner development and acceleration programme that complements Juniper’s existing channel programme. It will offer technical, sales and marketing training to help maximise the business opportunities in high growth markets such as cloud, Internet of Things (IoT) and Software Defined Networking (SDN) – areas where Juniper also invests.

By Investors Hub Asian markets ended mostly higher on Friday, tracking overnight gains on Wall Street. Buying interest was a bit subdued in some of the markets in the region, with investors staying cautious due to concerns about global growth and doubts about U.S. and China agreeing on a long-term trade deal anytime soon. Australian stocks ended notably higher, led by gains by financial, healthcare and energy shares. Information technology, telecom, resources and industrials shares exhibited a mixed trend. The S&P/ASX 200 Index ended up 57.10 points or 1 percent at 5,654.30 and the broader All Ordinaries Index closed with

By Modupe Gbadeyanka A fire incident was recorded on Tuesday morning at the corporate headquarters of Ecobank Nigeria in Lagos. According to the financial institution, the disaster was caused by a diesel tanker, leaving customers and officials of the lender to run to safety. Ecobank, via its official Twitter page, said officials of both the federal and Lagos State fire service have brought the situation under control. The lender said no live was lost to the inferno just as it emphasised that its building was also not affected by the fire. “Officers of the Federal and Lagos State Fire Service

By Modupe Gbadeyanka Women who intend to grow bigger in the male-dominated technology industry but have been constrained because of various factors now have an opportunity to achieve greatness. This is because a leading mobility platform, Bolt, is providing equal opportunities for women in technology through the Drive for Women in Tech (#Drive4WITech) initiative. The policy was returned to improve overall gender equality in the mobility sector. With this initiative, young women can partake in an internship programme regardless of their existing educational background. The Bolt #Drive4WITech internship offers opportunities in operations, public relations, marketing, and engineering with access to

By Ashemiriogwa Emmanuel Multinational commercial bank, Access Bank Plc, has flagged off its DiamondXtra Season 13 savings promo where loyal customers will be rewarded with N600 million. The initiative, which rewards customers of Access Bank for saving, was introduced in 2008 to enhance savings culture and drive the federal government’s financial inclusion initiative. Speaking at the launch in Lagos, the Executive Director, Retail Banking, Mr Victor Etuokwu said “The DiamondXtra reward scheme is one of the ways the bank creates value and meets the needs of its loyal customers. “With the launch of this new season, the reward scheme has

By Dipo Olowookere The equities market ended on a positive note on Wednesday despite the negative investor sentiment witnessed at the close of business, which left the local bourse finishing with 17 price losers and 16 price gainers. It was observed that the bargain hunting by investors extended the rally recorded on the floor of the Nigerian Stock Exchange (NSE). By the time market wrapped up for the day, the nation’s stock exchange closed 0.73 percent, a situation slightly helped by the positive Q1 2019 results released by GTBank and Zenith Bank on Wednesday and Access Bank on Tuesday. Business