Unity Bank MD/CEO for Light House Women’s Network Confab

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 Adedapo Adesanya President Bola Tinubu has promised fresh growth and job reforms in the coming months after he removed fuel subsidies and directed the float of the Naira to unify the exchange rate. The Nigerian president made this known during his first address at the 78th United Nations General Assembly in New York, the US, after he took over the helm of office from Mr Muhammadu Buhari in May. He said, “To foster economic growth and investor confidence in Nigeria, I removed the costly and corrupt fuel subsidy while also discarding a noxious exchange rate system in my first

By Precious Olisa Three persons have been confirmed dead due to the heavy downpour that happened in Genere, Rikkos, Bauchi Road and Eto-Baba communities of Jos North Local Government. It was said that the rain lasted for two days. The Zonal Coordinator of the National Emergency Management Agency (NEMA), Mr Eugene Nyenlong, who confirmed the incident, said his agency got a distress call that three persons had died as a result of the flood that occurred. “As I speak to you, we are moving to the scene with other stakeholders to have an on-the-spot assessment of the disaster and also

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By Dipo Olowookere Secretary General of United Nations Conference on Trade and Development (UNCTAD), Dr Mukhisa Kituyi, has commended South Africa for leading the global debate on Investment Policy Reforms. Mr Kituyi, speaking at the Africa Trade Week 2016 in Addis Ababa, Ethiopia, stated that South Africa was on the cutting edge of the investment policy reform globally. The Africa Trade Week 2016 is a new Pan-African platform for advancing intra-Africa trade dialogue among multi-stakeholders. The main objective of the Africa Trade Week is to provide a comprehensive, integrated and inclusive platform for policy dialogue between various trade-related constituencies. “Everybody

By Dipo Olowookere Two non-executive directors on the board of Notore Chemical Industries Plc, a statement from the company based in Rivers State has confirmed. The two leaving the board of the fertiliser and agro-allied company are Mr Oluwaseyi Owodunni and Mr Olusoji Emiola. The statement signed by the Group Chief Legal Officer/Company Secretary of Notore, Mrs Otivbo Saleh, disclosed that the duo resigned their appointments. Though the reason for leaving the company was not state, the firm thanked them for their contributions to the board and wished them well in their future endeavours. While Mr Owodunni joined the board

By Modupe Gbadeyanka A new office has been opened in Tema, Ghana, by Hapag-Lloyd as part of its bid to strengthen its presence in Africa. Business Post learned that Hapag-Lloyd plans to manage most of its operational activities in West Africa from the new office in Tema. Hapag-Lloyd has massively expanded its presence in Africa over the last two years and established a fast connection from West Africa to Europe via what are now two services: the West Africa Express (WAX: Hamburg – Casablanca – Tangier – Dakar – Tema – Abidjan – Tangier – Antwerp – Hamburg) and the

By Adedapo Adesanya The crude oil market settled lower on Friday as the United States said it would be difficult to refill the Strategic Petroleum Reserves (SPR) despite oil prices being in the desired range, adding downward pressure to oil prices and limiting the potential for a rebound. Brent crude lost 92 cents or 1.2 per cent to trade at $74.99 per barrel, as the US West Texas Intermediate crude futures fell by 70 cents or 1 per cent to quote at $69.26 a barrel. However, on a weekly basis, both benchmarks rose this week as the banking sector turmoil

By Otori Emmanuel An organisation in its early phase of existence is referred to as a start-up. Entrepreneurs that desire to create a product or service think there is a market for launching start-ups. Because start-ups often have high startup costs and low revenue, founders frequently look for money from a variety of internal and external sources, including personal savings, loans from family and friends, business venture capitalists, and crowdsourcing. There are start-ups in different industries like Information Technology, agriculture, communication, health and other sectors. Start-ups and Innovation Establishing a start-up takes careful planning, including consideration of factors like business

By Dipo Olowookere Inflation rate in Nigeria suffered a slight decline in the month of August 201 after recording an 18th consecutive decline, data from the National Bureau of Statistics (NBS) has revealed. The inflation numbers released on Friday afternoon by the stats office said the Consumer Price Index (CPI), which measures the average change over time in prices of goods and services consumed by people for day-to-day living (inflation), increased by 0.09 percent to 11.23 percent (year-on-year) in August 2018 from 11.14 percent in July 2018. This is the first year-on-year rise in headline inflation following 18th consecutive disinflation

By Investors Hub The major U.S. index futures are pointing to a mixed opening on Thursday following the rally to new record highs seen in the previous session. Traders are digesting the latest batch of earnings and economic news The Dow Jones Industrial Average closed above 26,000 for the first time ever on Wednesday, extending early gains after the Federal Reserve’s Beige Book painted a sunny picture of the U.S. economy. The major averages all ended the session at record closing highs. The Dow surged up 322.79 points or 1.3 percent to 26,115.65, the Nasdaq jumped 74.59 points or 1

By Modupe Gbadeyanka Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has charged compliance officers of banks in Nigeria to play active role in tackling money laundering and other fraudulent financial practices in the banking sector. During an interactive session in the south eastern part of the country on Wednesday, Mr Magu also tasked the bankers to be diligent in the discharge of their duties. Represented at the meeting by the Zonal Head of EFCC in the South-East, the anti-graft agency’s boss condemned the actions of some bank officials, who aid and abet money laundering