Bamgbose and his 20 Million Jobs

By Adedapo Adesanya The Nigeria Customs Service (NCS), as part of efforts to reposition the agency for greater operational efficiency, has approved the redeployment of comptrollers at various commands across the country. The acting Comptroller General of Customs, Mr Bashir Adeniyi, on Wednesday, explained that the redeployment of the customs comptrollers was in response to the statutory retirement of some management members of the service. In a statement signed by the National Public Relations Officer, Mr Abdullahi Maiwada, Mr Adeniyi approved key appointments and redeployment within the service to ensure operational efficiency. “Consequently, comptrollers Florence Nanu Ogar-Modey and Queen Ogbudu

Contrary to reports by some online media that the Nigerian National Petroleum Company (NNPC) Limited, under the leadership of Group Chief Executive Officer, Mr Mele Kyari, is conducting secret recruitment without board approval, this medium reliably gathered that it’s false. The report claimed that about 35 people were recruited secretly into the NNPC Limited and are either undergoing medical examinations or writing entrance exams. But checks showed that there is no such recruitment exercise going on at the national oil company. Following its transition into a limited company governed by the Companies and Allied Matters Act, NNPC Limited has established

By Modupe Gbadeyanka The appointment of Mr Bashir Gwandu as the executive vice chairman and chief executive of the National Agency for Science and Engineering Infrastructure (NASENI) has been terminated. This action was taken by President Bola Tinubu, a statement from the president’s spokesman, Mr Ajuri Ngelale, disclosed on Friday. It was disclosed that Mr Gwandu would now be replaced by a 32-year-old innovator and technology expert, Mr Khalil Suleiman. He is expected to serve for an initial term of five years as stipulated in the NASENI Act, a part of the disclosure this evening stated. “President Bola Tinubu on

By Modupe Gbadeyanka Two directors have been appointed to the leadership team of Airtel Nigeria, with an expectation that the appointees will bring about a new era of innovation and growth within the business. The appointed persons are Ms Kemi Ariyo as the new Director of Information and Technology and Mr Harmanpreet Singh Dhillon as the Director of Network Transformation and Planning. The chief executive of Airtel Nigeria, Mr Carl Cruz, while commenting on the appointments, said the notably experienced Ms Ariyo would play a pivotal role in driving Airtel Nigeria’s digital transformation efforts and the company is pleased to

The Lomé-based parent company of the Ecobank Group, Ecobank Transnational Incorporated (ETI), has announced the appointment of Nana Araba Abban as Group Consumer Banking Head with immediate effect. A statement issued by the company disclosed that Nana will be a member of the Group Executive Committee and would be expected to report directly to the Group Chief Executive Officer. Nana Araba Abban is a Chartered Accountant (FCCA) with over 25 years’ experience in the Financial Services industry. During her career at Ecobank, Nana Araba Abban has held several senior positions including Group Head of Direct Banking, Head of Client Engagement

By Adedapo Adesanya The Naira depreciated against the United States Dollar at the Peer-to-Peer (P2P) window of the foreign exchange market on Thursday by 0.32 per cent or N2 to sell for N694/$1 in contrast to the preceding day’s rate of N692/$1. However, it closed flat against the greenback in the Investors and Exporters (I&E) segment of the FX market at N429.38/$1 amid a slump in the value of transactions at the ecosystem. According to data from the FMDQ Securities Exchange, forex transactions worth $63.30 million were carried out during the session compared with the $120.46 million reported a day

By Olubori Oduntan The 2018 edition of “33” Export City of Friends Concert took Lagos by storm yesterday and the turnout was amazing. Day One of the party adventure took place at Eagle’s club in Surulere. It was absolutely grand and a lot of things will linger in our memories for a long time. “33” Export pulled out all the stops on this one, as Eagle Club was completely transformed. We did not need too much motivation to be in the party mood or better yet the “33” City of Friends Party mood. The concert did not have a single

By Adedapo Adesanya President Muhammadu Buhari has approved a second tenure for Mr Ben Akabueze as the Director-General of the Budget Office of the Federation. The presidential approval was disclosed on Sunday, May 17 in a statement signed by Mr Yunusa Tanko Abdullahi, Special Adviser to the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed. Mr Akabueze’s current tenure is scheduled to expire on Wednesday, June 10, 2020. He was first appointed as a Special Adviser on Planning to the President on February 15, 2016, and was designated within months as DG of the budget office on June

By Modupe Gbadeyanka The early gains recorded by the Nigerian Stock Exchange (NSE) on Wednesday evaporated towards the closing period of the market. The market was looking to sustain the growth it posted yesterday, but selloffs in some large-cap stocks dragged the index to the negative region. At the close of transactions, the equities market closed 0.44 percent lower, shrinking the year-to-date returns further to -7.54 percent. Business Post reports that the All-Share Index (ASI) reduced today by 157.27 absolute points to settle at 35,358.94 points, while the market capitalisation decreased by N57 billion to finish at N12.909 trillion. Profit

By Investors Hubs Asian stocks ended broadly lower on Wednesday after U.S. technology stocks came under heavy selling pressure overnight on concerns about tighter industry regulations. Trade-related tensions also kept investors nervous. China’s Shanghai Composite Index dropped 44.43 points or 1.4 percent to 3,122.22, while Hong Kong’s Hang Seng Index tumbled 768.30 points or 2.5 percent to 5,789.50. Japanese shares fell sharply, with the overnight sell-off in big U.S tech companies and price adjustments on ex-dividend trades weighing on the market. The Nikkei 225 Index fell 286.01 points or 1.3 percent to 21,031.31, and the broader Topix index closed 1

By Dipo Olowookere A first-of-its-kind online interface, designed to expose security blind spots that make vital online brand assets susceptible to cybercrime has been launched by CSC. Called the CSC Security Centre, it was powered by advanced analytics built by CSC to identify these risks, companies can take quick action to reduce real-world online threats that compromise web presence, customer data, and critical business functions, such as email. CSC has been a leader in supporting brand owners for the past two decades—providing corporate domain name management, digital brand strategy, and administration of domain-related products such as domain name system (DNS),

By Modupe Gbadeyanka About three appeals filed by Ecobank against Honeywell Group at the Supreme Court were last Friday dismissed by the apex court of the land. The appeals were thrown out for lack of merit. The Court of Appeal on March 30, 2016, had issued rulings against Ecobank which the bank thereafter appealed at the Supreme Court. In the first suit number SC/402/2016, Ecobank had appealed the decision of the Court of Appeal discharging the ex parte injunctive/asset freezing orders which it had obtained against Honeywell. In the second suit number SC/406/2016, Ecobank had also appealed the decision of