Applications Open for Lagos State Employability Support Project

By Aduragbemi Omiyale Mr Farooq Oreagba has been chosen by the board of directors of NG Clearing Limited as the new Managing Director/chief executive, subject to the approval of the Securities and Exchange Commission (SEC). He is replacing Mr Tapas Das, who occupied the office for three years and demonstrated exceptional leadership and strategic vision, driving NG Clearing to a phenomenal historical achievement of clearing the first exchange-traded derivatives contracts in West Africa. Under his guidance, NG Clearing developed a world-class clearing and settlement system that has successfully integrated with the key exchanges in Nigeria’s financial markets. A statement issued

By Adedapo Adesanya President Bola Tinubu has appointed Mr Zaccheus Adedeji, his Special Adviser on Revenue, as the acting Chairman of the country’s tax collection agency, the Federal Inland Revenue Service (FIRS). The announcement means he will take over from Mr Mohammed Nami, who headed the position until recently and marks a new chapter in the leadership of one of the country’s most critical revenue agencies. Mr Adedeji, who hails from Oyo State, brings a wealth of experience to his new role and will be seeking to use his knowledge in driving revenue generation and financial management as Nigeria moves

By Modupe Gbadeyanka About 170 of the 200 graduate trainees of Flutterwave (85 per cent) have been absorbed into the organisation as full-time employees after the completion of their programme. The leading payments technology firm in August 2022 launched its Graduate Trainee (GT) scheme to nurture young talents seeking clear career growth opportunities in technology. Some days ago, a graduation ceremony was held in Lagos to celebrate the end of the rigorous 12-month-long paid traineeship scheme. The participants were put through technical and soft skills and practical experiences. “We are excited that our aim of giving 200 extremely bright young

By Ahmed Rahma A multinational technology company, Amazon, is set to produce its first Hindi-language movie which will feature Bollywood superstar Akshay Kumar. A statement by the tech giant on Wednesday disclosed that India’s highest-paid actor will take the lead role in the movie titled Ram Setu, which will be released in cinemas before its streaming debut on Amazon Prime Video. “I look forward to telling the story of a significant part of Indian heritage, especially for the youth,” said Kumar, the highest-paid Indian actor in the world according to Forbes’ 2020 rankings. “I am happy that, with Amazon Prime

By Modupe Gbadeyanka Registration for Wema Bank Hackathon 3.0 will close on Saturday, February 12, 2022, the organisers have said. The programme, in its third edition and tagged Hackaholics 3.0, provides tech enthusiasts and innovators with a unique platform to unleash their creativity, exhibit innovative solutions that will battle some inherent societal challenges, network with like-minded tech-savvy individuals, show off their skills, and win great prizes. Entries for the Hackaholics commenced on Saturday, February 5, 2022, and intending participants have been urged to embrace the opportunity to achieve their dreams in the tech world. This is because the Hackaholics platform

There is always some risk even in the most surefire business ideas – after all, nothing ventured, nothing gained right? But businesses that operate by using different currencies for buying and selling, face uniquely pertinent risks from changes in the volatile currency markets – especially when dealing with a marginal currency like the Nigerian Naira. In this post, we will take a close look at just what these risks are and how Nigerian businesses can best guard against them. Despite experiencing some hardships since the oil crash of 2014, Nigeria is Africa’s largest economy by some distance and in many

By Adedapo Adesanya The Port Harcourt Electricity Distribution Company (PHED) has disclosed that it has hired a new electricity bill collection agent to ensure easy payment of electricity bills by customers. According to the Chief Executive Officer of PHED, Naveen Kapoor, the agents will visit the customers at home with Point of Sale terminals to enable them pay for electricity on the spot. The collection agent known as On-The-Spot Collection (OTSC) would now collect electricity bills from the company’s customers in Akwa Ibom, Bayelsa, Cross River and Rivers states. According to Kapoor, PHED is the first distribution company to introduce

By Investors Hub European stocks were broadly higher on Friday after the release of U.S. tax reform bill as well as the announcement of Jerome Powell as the next Federal Reserve Chair. Underlying sentiment, however, remained cautious ahead of the all-important U.S. jobs report due tonight, with U.S. employment expected to jump by 312,000 jobs in October after unexpectedly dipping by 33,000 jobs in September. The unemployment rate is expected to hold at 4.2 percent. The pan-European Stoxx Europe 600 index was up 0.2 percent at 395.58 in late opening deals after declining half a percent in the previous session.

By Dipo Olowookere Security operatives have apprehended the Nigerian journalist, Ahmed Salkida, who was declared wanted along with two others-Ahmed Bolori and Aisha Wakil-by the Nigerian Army over Boko Haram’s latest video. Mr Salkida was picked up on Monday at the Nnamdi Azikiwe International Airport as he landed from an Emirates EK 785 flight. Reports say Mr Silkida was whisked away by officials of the Department of State Security (DSS) immediately he touched down Nigeria. He had reportedly informed a passenger sitting next to him that he was aware of his impending arrest by the Nigerian government. “I recognized the

By Modupe Gbadeyanka Eight nightclubs and event centres within Ikeja and Victoria Island have been sealed by the Lagos State government over safety violations. A statement by the Lagos State Safety Commission disclosed that the affected facilities were shut down to ensure the safety of lives and properties in the metropolis. A few facilities accused of contravening the state’s safety laws were Hot Box Night Club, Shades Night Club, Buzzbar, and CCX Lounge. The Director General of the agency, Mr Lanre Mojola, said the administration of Governor Babajide Sanwo-Olu has zero tolerance for violation of safety laws and will continually

By Dipo Olowookere The Nigerian Exchange (NGX) Limited moderated by 0.26 per cent on Wednesday as investors quickly booked profit from the gains recorded at the market in the past trading sessions. It was observed that traders sold off some shares, including Lafarge Africa, Access Bank and others during the session, allowing the bears to take over the stock market from the bulls and at the close of transactions, there were only 15 price gainers and 34 price losers. The heaviest price loser was Niger Insurance as its value went down by 10.00 per cent to 27 kobo, International Breweries