FG Approves Payment of Withheld Salaries of Lecturers

By Adedapo Adesanya President Bola Tinubu has appointed Mrs Bisoye Coker-Odusote as the acting Director-General/CEO of the National Identity Management Commission (NIMC), a role that he will later transition into full-time and serve in for the next four years. In a statement from Mr Ajuri Ngelale, the Special Adviser to the President on Media & Publicity, on Tuesday, the President directed the current occupier of the seat, Mr Aliyu Abubakr Aziz, to embark on a 90-day pre-retirement leave, with effect from Thursday, August 24, 2023. It was revealed that this leave would lead to his eventual retirement from service on

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

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 Dipo Olowookere Nigeria’s Sovereign Wealth Fund (SWF) has been rated by the International Monetary Fund (IMF) as the second worst in the world. According to the global money lender, Nigeria is only second to Qatar in the world in the use of sovereign wealth funds. In its Fiscal Monitor report released on Wednesday, the IMF urged governments to use the funds to increase investment in infrastructure or education to support the economy in the near term, and foster inclusive growth over the next few decades. “It is critical to develop a strong institutional framework to manage these resources, including

By Dipo Olowookere A Nigerian actor, Mr Adebayo Faleti, has been reported dead after spending 86 years on the face of the earth. The veteran actor breathed his last in the early hours of Sunday, July 23, 2017, at the University College Hospital, Ibadan, Oyo State. Mr Faleti, a notable broadcaster in Nigeria, acted in several movies including Afonja, and was a pioneer staff of the first television station in Nigeria, Western Nigeria Television (WNTV). He famously translated Nigeria’s national anthem from English to Yoruba and worked as a teacher at Ife Odan, located near Ejibo Town. The deceased was

By Modupe Gbadeyanka On Monday, July 26, 2021, the 280th Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) will commence. The gathering is for two days and will involve members of the team who are experienced bankers, economists and others. They will discuss the economy and the security situation of the nation and its effect on the economy, especially inflation, food prices and others. At the end of the MPC meeting on Tuesday, July 27, the Governor of the CBN, Mr Godwin Emefiele, will address the media to announce the outcome of the gathering. He would

By Dipo Olowookere President Muhammadu Buhari has expressed deep sadness over the death of the First President of the Christian Council of Nigeria(now CAN), Rev. Luther Dabirong Cishak who died at 88 years of age. In a tribute in memory of the Christian leader, President Buhari described the late Rev. Cishak as a gentleman who was passionately devoted to the promotion of peaceful coexistence, tolerance, social harmony and mutual respect between Christians and Muslims in Plateau State and the country in general. The President recalled that in a 2003 crisis that rocked the state, the late Rev. Cishak risked his

By Cowry Asset In the just concluded week, FGN bond prices traded at the over-the-counter (OTC) segment appreciated for most of the maturities tracked amid bargain hunting activity. The 10-year 16.39 percent FGN JAN 2022 debt, the 7-year 16.00 percent FGN JUN 2019 debt and the 5-year, 14.50 percent FGN JUL 2021 debt appreciated in value by N0.01, N0.02 and N0.17 respectively; their corresponding yields fell to 13.09 percent (from 13.10 percent), 13.83 percent (from 13.87 percent) and 13.32 percent (from 13.39 percent). However, the 20-year, 10 percent FGN JULY 2030 debt depreciated in value by N0.10; its corresponding yield

By Adedapo Adesanya The Nigeria Labour Congress (NLC) has declared a nationwide strike from Wednesday, June 7. This comes amid a hike in the price of fuel across the country by the Nigerian National Petroleum Company (NNPC) Limited after President Bola Tinubu’s announced an end to the petrol subsidy during his inaugural speech on Monday. NLC President, Mr Joe Ajaero, announced the industrial action on Friday after an emergency meeting of the union’s National Executive Council (NEC) in Abuja. He said the government, particularly the NNPC, had up until next Wednesday to revert to the old price of Premium Motor

By Dipo Olowookere Africa Prudential Registrars Plc has unveiled a new corporate identity, which is mainly a change to its name. The firm, in a statement to the media this week, disclosed that it will now like to simply be known as African Prudential Plc. Managing Director/CEO of African Prudential, Mr Peter Ashade, who spoke about the company’s change of name and roll-out of a new visual identity, described this as “a strategic decision which enables the company better harness its emerging potentials, while keeping its service promise to clients, and maximising possibilities for its stakeholders.” He emphasised that with

By Modupe Gbadeyanka The headquarters of the Central Bank of Nigeria (CBN) in Abuja has been invaded by operatives of the Department of State Services (DSS). The secret police are in search of the Governor of the central bank, Mr Godwin Emefiele, whose whereabouts have been shrouded in secrecy. The DSS had accused Mr Emefiele of terrorism financing and had earlier sought an order of the court to arrest him, but it was rejected. Yesterday, a senior lawyer, Mr Femi Falana, claimed that the CBN chief was secretly declared wanted by the DSS, which takes directives from President Muhammadu Buhari.