Atoki Becomes New CEO of ABCHealth

By Adedapo Adesanya President Bola Tinubu has approved the appointment of three new Executive Commissioners to serve in the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). He also approved the redeployment of one current Executive Commissioner along with these three personnel who will take up their duties after their confirmation by the Nigerian Senate. The new executives are: Mr Bashir Indabawa — North West — Executive Commissioner, Exploration & Acreage Management Mr Kelechi Ofoegbu — South East — Executive Commissioner, Corporate Services & Administration (Redeployed) Mr Enorense Amadasu — south south — Executive Commissioner, Development & Production Mr Babajide Fasina —

By Aduragbemi Omiyale Two new independent non-executive directors have been appointed to the board of a sector-agnostic proprietary investment company, VFD Group Plc. The firm, which publicly trades its stocks on the Nigerian Exchange (NGX) Limited, confirmed this development in a statement. The appointees joining the board comprising highly respected professionals are Ms Rashida Saleh and Ms Nneka Okekearu. The statement disclosed that the appointments became effective on Wednesday, October 25, 2023, though subject to shareholder approval at the next Annual General Meeting (AGM) of the organisation. VFD Group, which said the addition of the duo underscores its commitment to

By Modupe Gbadeyanka A veteran journalist, Mr Bayo Onanuga, has been appointed as the Special Adviser to President Bola Tinubu on Information and Strategy. A statement issued on Friday by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, said Mr Tinubu also appointed Ms Delu Bulus Yakubu as his Senior Special Assistant on Humanitarian Affairs and Poverty Alleviation. In the statement, the President wished his new aides “well in the discharge of their duties,” noting that their appointments were “part of efforts to prioritize effective and efficient working synergy between the Presidency and Federal Ministries.

By Modupe Gbadeyanka Mr Olasupo Olusi has been appointed by President Bola Tinubu as the new Managing Director and Chief Executive Officer of the Bank of Industry (BoI). He is to replace the former occupier of the seat, Mr Kayode Pitan, who resigned from the lending institution for small and medium-sized business owners in the country. In a statement issued by his aide on Media and Publicity, Mr Ajuri Ngelale, the President tasked the new BOI chief executive to ensure that Nigerians, who are operating all sizes of enterprises across sectors, are given fair and equitable access to much-needed support

By Adedapo Adesanya The Board of First Independent Power Limited (FIPL), a Sahara Power Group company, has announced the appointment of Dr Kenechukwu Nwangwu as its new Managing Director/Chief Executive Officer as FIPL moves to ramp up generation via alternative energy sources. According to Mr Kola Adesina, Group Managing Director, Sahara Power Group, the appointment will drive FIPL’s ongoing transformation towards sustainable and efficient power generation, especially in the Niger Delta and South-South regions of Nigeria. “We are excited to welcome Kenechukwu to the team at a time when Sahara Group is moving swiftly towards more responsible power generation in

By Timi Olubiyi, PhD In today’s turbulent business environment, predominantly with the economic recession, inflation, and the disruptive novel coronavirus (COVID-19) pandemic, strategy becomes the main source of competitive advantage for businesses and organisations. However, for a strategy to be meaningful, a business must have a reliable and working business and organisational structure. The fundamental problem that occurs in most businesses particularly the nano, micro, and small-sized enterprises in the country is that they operate informally and how to establish a successful and profitable enterprise in a way to satisfy the common and personal interest is complicated. I am delighted

By Dipo Olowookere An approval for the listing of the N30 billion corporate bonds issued by Union Bank of Nigeria on the Nigerian Stock Exchange (NSE) has been granted. Business Post gathered that the authorization was given by the exchange to the financial institution on Friday, August 23, 2019, according to a regulatory document seen over the weekend. During a recent analyst call, the mid-level financial institution had confirmed that it sold bonds worth N30 billion to investors in a bid to raise funds to run its operations, adding that the exercise recorded a 100 percent success rate. The N30

By Adedapo Adesanya The Technical Director of the Nigerian senior team – the Super Eagles, Mr Augustine Eguavoen, has said he will deliver Nigeria the world cup qualification ticket. The global tournament is scheduled to hold in Qatar later in the year. The first leg of the Ghana- Nigeria tie ended in an uneventful goalless draw last Friday and on Tuesday (today) by 6 pm, the return leg will take place in Abuja. Speaking at a pre-match conference in Abuja today, Mr Eguavoen disclosed that he understood the level of expectation ahead of the crunch tie and assured Nigerians of

As a business owner or entrepreneur, you likely have one primary goal: to grow your business successfully. Taking your business to the next level is an exciting but often challenging process that requires careful planning and strategic thinking. This article will discuss four essential strategies that can help you elevate your business to new heights. Keep reading to discover how you can grow your business and achieve long-term success. One of the most effective ways to take your business to the next level is to invest in your own education, such as a Master of Business Administration (MBA) as well

By Aduragbemi Omiyale Nigeria’s Vice President, Mr Yemi Osinbajo, has said almost 50 per cent of micro-businesses in the country are owned by people under the age of 35. Mr Osinbajo made this disclosure on Monday when he virtually launched the 2021 Bank of Industry (BOI) SME Academy, organised in conjunction with Procter & Gamble (P&G). He described the Micro, Small and Medium Enterprises (MSMEs) sector as the bedrock of the nation’s economy, noting that this is why the federal government is paying a special focus on the industry. “This administration is determined to support small businesses because we know

By Dipo Olowookere President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to recirculate old N200 notes to ease the tension caused by the scarcity of the Naira. In a national broadcast on Thursday, the President said with this, the old denomination would remain as legal tender for another 60 days, from February 10 to April 10, 2023. However, he hinted that the old N500 and N1,000 notes would not be returned to the financial system. Mr Buhari asked the Governor of the CBN, Mr Godwin Emefiele, to ensure that the new currency notes are made available to

By Adedapo Adesanya Crude oil prices were mixed on Monday, with the Brent losing 12 cents or 0.15 per cent to trade at $82.05 per barrel and the West Texas Intermediate (WTI) crude rising by 9 cents or 0.11 per cent to sell at $80.88 per barrel. The market continues to weigh the likelihood that American President Joe Biden’s administration will release oil from the US Strategic Petroleum Reserve (SPR). He is also facing calls from others in his camp like the Senate Majority Leader, Mr Chuck Schumer, to release oil from the reserve in order to bring retail fuel