Bolaji Abdullahi Resigns as Nigeria Sugar Development Council Chairman

By Adedapo Adesanya Vice President Kashim Shettima has lauded Google’s N1.2 billion grant to the federal government’s one million jobs scheme. In a statement from Mr Olusola Abiola, the Director of Information at the Office of the Vice President, the announcement of a grant of N1.2 billion to support the administration of President Bola Tinubu’s digital jobs initiative was commendable and worthy of emulation by other companies as he received some executives of Google at the Presidential Villa on Monday. “Let’s think outside the box and create more job opportunities. We need to walk the talk. It is easy to

By Bliss Okperan The Kogi State Governor, Mr Yahaya Bello, has ordered the immediate removal of his Special Adviser on Stakeholders Relations, Mr Anthony Ogah. A statement issued on Monday by the Secretary to the Government of the state, Ms Folashade Ayoade, confirmed this development, though it did not state the reason surrounding the sacking of the Governor’s aide. However, it was disclosed that the termination of Mr Ogah’s appointment was with effect from Sunday, September 24, 2023. He has been directed to submit all government items. “In light of this press release, Mr Anthony Ogah is instructed to promptly

By Adedapo Adesanya The Governor of Lagos State, Mr Babajide Sanwo-Olu, has moved to end the impasse between the State Assembly and the executive arm of government as he replaced five names on a new list of commissioner-nominees. In the new list sent to the House of Assembly, Mr Sanwo-Olu replaced the names of Mrs Folashade Adefisayo, Mr Solape Hammond, Mrs Aramide Adeyoye, Mr Lekan Fatodu, and  Mr Rotimi Ogunwuyi with six new names –  Mr Afolabi Tajudeen, Mr Akinyemi Ajigbotafe, Mrs Tolani Sule-Akibu, Mr Yekini Agbaje, Mrs Iyabode Ayoola and Mrs Sola Giwa. This was disclosed by the Clerk

By Aduragbemi Omiyale The immediate past Director of Google West Africa, Ms Juliet Ehimuan, has been appointed to the board of directors of Zenith Bank Plc. Ms Ehimuan, who is also the founder and chief executive of Beyond Limits, will serve on the board of the tier-1 financial institution as a non-executive director. A statement from the lender on Tuesday disclosed that the appointment of Ms Ehimuan, which has been confirmed by the Central Bank of Nigeria (CBN), will take effect from August 29, 2023. In a statement to the Nigerian Exchange (NGX) Limited, Zenith Bank said the appointee has

By Adedapo Adesanya Nigeria’s Gross Domestic Product (GDP) grew by 2.55 percent (year-on-year) in real terms in the fourth quarter of 2019, the National Bureau of Statistics (NBS) disclosed on Monday, February 24, 2020. According to the stats office, the strong Q4 2019 growth rate also represented the highest quarterly growth performance since the 2016 recession, which was -1.6 percent. In its report today, the NBS said in 2019, the nation’s economy, which is the largest in Africa, improved by 2.27 percent in contrast to the 1.91 percent growth posted in 2018. It noted that in Q4 2019, the GDP

By Adedapo Adesanya The National Bureau of Statistics (NBS) on Tuesday said inflation rate in Nigeria has dropped to 11.02 percent in August 2019 from the 11.08 percent recorded in July 2019. This indicated that the inflation moderated by 0.06 percent in the period under review. In the report made available on the NBS website, the Consumer Price Index (CPI), which measure inflation, had disinflation continuing in August 2019 despite several pronouncements on policies as regards restrictions on the import of some food items like milk and rice, minimum wage and the recent border closures. However, the stats office said,

By Investors Hub The major U.S. index futures are pointing to a roughly flat opening on Tuesday following the rally seen in the previous session. Uncertainty about the near-term outlook for the markets may keep some traders on the sidelines after yesterday?s advance lifted the Dow and the Nasdaq to nearly six-month closing highs. Traders may be looking for more concrete developments out of ongoing U.S.-China trade talks before making more significant moves. Additionally, a report from the Commerce Department may partly offset the positive sentiment generated by the upbeat manufacturing data released on Monday. The report showed a steep

By Adedapo Adesanya Paxful, a global peer-to-peer crypto marketplace, has announced the addition of Bitsika to the platform, expanding its range of local payment methods in Nigeria. The addition enables users to deposit Cedis, Naira, Dollars, CFA through the Bitsika app to facilitate easy transactions. Speaking on the partnership, CEO and co-founder of Paxful, Mr Ray Youssef said “As an organisation that constantly devises alternatives to ensure seamless and safe transactions for our users, we’re excited to add Bitsika as a payment option to the platform. “With this partnership, users don’t have to worry about the restrictions on the US

By Adedapo Adesanya The Agricultural Transformation Agenda Support Programme Phase 1 (ATASP-1) spearheaded by the African Development Bank (AfDB), is said to have injected about 209,464 metric tonnes of food valued at N36.2billion into the Nigerian economy in four years. The National Programme Coordinator, Mr Mohammad Arabi, who disclosed this at a news conference, yesterday, in Abuja, also said the project, which was funded to the tune of $174.85 million by AfDB, has created about 299,615 jobs. The project that commenced in 2015, and implemented in Jigawa, Anambra, Enugu, Niger, Kano, Jigawa and Kebbi States, was initially targeted to add

By Aduragbemi Omiyale The federal allocation to Kwara State for the month of March 2021 declined by 8.3 per cent, information gathered by Business Post has revealed. A few days ago, the state received the sum of N3.3 billion from the Federation Accounts Allocation Committee (FAAC). It was from the revenue generated in February 2021 by the national government. In the previous month, the north-central state of the federation received the sum of N3.6 billion, according to a statement issued by the Press Secretary in the Ministry of Finance and Planning, Daibu Abubakar. A breakdown of the allocation figures showed

By Dipo Olowookere Nigeria’s Minister of Women Affairs, Mrs Aisha Alhassan, fondly called Mama Taraba, has resigned her appointment, becoming the third person to leave the cabinet of President Muhammadu Buhari this year. The first to resign as Minister this year was Mr Kayode Fayemi of Mines and Steel, who is now the Governor-elect of Ekiti State. The second was the Minister of Finance, Mrs Kemi Adeosun, who resigned as a result of a certificate scandal. Mama Taraba, the third to now leave, in a letter to the President, explained that she was forfeiting the position because she felt the

By Dipo Olowookere Former Minister of Aviation, Mr Osita Chidoka, has resigned from the board of Guinea Insurance Plc to concentrate on his private matters. A statement signed by the company secretary, Ms Chinneye Nwankwo, disclosed that the politician, who was once the Corps Marshal and Chief Executive of the Federal Road Safety Corps (FRSC), served on the board as a non-executive. During his time on the board, he contributed immensely to the growth of the underwriting company and the team appreciated him for this. In the notice, Guinea Insurance wished the member of the opposition Peoples Democratic Party (PDP)