Ecobank Appoints Anan-Ankomah as Group Executive, Commercial Banking

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 Aduragbemi Omiyale Mr Andrew Ikekhua has been authorised by the National Insurance Commission (NAICOM) to become the chief executive of NEM Insurance Plc. The astute insurance professional was appointed by the underwriter to lead its affairs, but needed the approval of the regulator. In a statement signed by the group head of its legal department, Ms Olajumoke Philip-Akede, NEM Insurance said the sector’s watchdog has given its nod, noting that the appointment became effective October 1, 2023. “We wish to notify Nigerian Exchange Limited, our esteemed shareholders, and the investing public of the appointment of Mr Andrew Ikekhua as

By Adedapo Adesanya  President Bola Tinubu has approved the appointment of 12 persons to serve in the Federal Civil Service Commission (FCSC) to be led by Mr Tunji Olaopa as Chairman. According to a statement by President Tinubu’s spokesperson, Mr Ajuri Ngelale, on Friday, the appointment of the members into the commission is subject to the confirmation of the Nigerian Senate. He said that upon confirmation, the new FCSC leadership is expected to commence work with effect from November 30, 2023, following the expiration of the tenure of the current Federal Civil Service Commission Chairman and membership on November 29,

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 Edwin Emeka Aboh There is no doubt that birthday mean different things to different people. To some, it is time for celebration while to others it is a time for reflection or taking stocks of one’s life. Whichever angle it is been viewed or celebrated the major thing is that birthday gives us the opportunity to look at our lives, examine it and make amend where necessary and then consolidate in the course of accomplishing our mission in this material world. It is in the light of the above of expression or reality that I examine the life of

By Adedapo Adesanya Nigeria is set to receive a supply of 105,000 tonnes of fertilizer (raw material) from Russia and Canada on June 3 and June 6 respectively. This is according to the Managing Director and Chief Executive Officer of Nigeria Sovereign Investment Authority (NSIA), Mr Uche Orji, at the ministerial press briefing at the State House on Thursday. He stated that the Russia-Nigeria potassium link has been re-established in spite of the ongoing Russia-Ukraine war. The expected Russian and Canadian potassium used for blending fertiliser is also part of efforts to ramp up production of the commodity in time

By Nneka Okumazie Should this be called life or should it be called hardship? The attainment of struggles constancy – makes life, for many, of rough difficulty. Usually, it is assumed that rejection is an event, but there are those in rejection permanence – exempted from peace, health, love, luck, etc. What kind of disadvantage is it, having no business with certain situations, but becoming its casualty? What sense does it make, that misunderstanding or assumptive philosophy causes certain individuals to insist recklessly on the wrong, heedless of its cataclysmic ink? The last few centuries were, for humans, of accelerated

By Adedapo Adesanya The Supreme Court on Tuesday, May 9, affirmed the election of Mr Ademola Adeleke of the People’s Democratic Party (PDP) as the governor of Osun State. The Supreme Court said his rival, Mr Gboyega Oyetola of the All Progressives Congress (APC), failed to prove his case of improper accreditation of voters and over-voting against Mr Adeleke. A five-member panel of the apex court held that the court of appeal correctly reinstated Mr Adeleke as governor. The judgment was affirmed and adopted by the entire members of the panel. According to all the members of the panel, the

By Adedapo Adesanya The Chartered Insurance Institute of Nigeria (CIIN) is set to inaugurate Mr Edwin Igbiti as its 51st President/Chairman of Council on Friday, July 15. He is next in line to handle the baton after the successful completion of Mr Muftau Oyegunle’s tenure at the helm of affairs since 2020. The investiture ceremony, which is scheduled to hold tomorrow, will bring Mr Igbiti on board as the next President as well as the Chairman of Council of the premier professional body in the country. Mr Igbiti is one of Nigeria’s most prominent business executives. With an outstanding educational

By Modupe Gbadeyanka The management of the London Stock Exchange (LSE) has expressed its willingness to assist the Egyptian economy. The London Stock Exchange is one of the world’s oldest stock exchanges, and can trace its history back more than 300 years to the coffee houses of 17th century London. Today, it is the largest stock exchange in Europe, and the most international stock exchange, with 350 companies from more than 50 countries. On Sunday, October 22, 2017, a delegation from the LSE arrived in Cairo for a two-day visit to support EGX’s development and connect Egyptian government and companies

By Dipo Olowookere Shareholders of Guaranty Trust Bank (GTBank) Plc have expressed confidence on the leadership of Mrs Osaretin Demuren and Mr Segun Agbaje, the Chairman and Managing Director of the bank respectively, to take the new GT Holdings Plc to greater heights. The investors, who spoke through their representatives last Friday at a Court-Ordered Meeting (COM) in Lagos, said GTBank has performed well under the leadership of the two board members and thus projected that the new brand would perform better if the duo is still in charge. The shareholders of the tier-one financial institution were in Lagos over

By Chris Heathcote Infrastructure is crucial to Africa’s growth prospects. It’s also hard to get right. Until now, policy makers have focused on improving access to finance. But a consensus is developing globally that a major factor hindering infrastructure implementation is a lack of good governance and well-planned projects. This is a topic that deservedly takes centre stage this week as representatives from 27 African governments, the global private sector, multilateral institutions, and other development partners gather in Cape Town to participate in the region’s first roundtable on the governance of infrastructure hosted by the Development Bank of Southern Africa