Former CEO of Defunct FinBank Joins UAC Nigeria Board

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 President Bola Tinubu has approved the appointment of 20 Nigerians to serve as Federal Commissioners in the National Population Commission (NPC). According to a statement signed by Mr Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, nine current Federal Commissioners were appointed to a second term in office, while the 11 others are serving their first term. The list includes Mr Emmanuel Trump Eke — Abia, Mr Clifford Zirra — Adamawa — Reappointed, Mr Chidi Christopher Ezeoke — Anambra — Reappointed, Mr Isa Audu Buratai — Borno — Reappointed, Mr Alex Ukam —

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 An onion seller based in Kaduna State, Mr Dahiru Umar, has won a brand new car in the Access Bank Transact and Win a Car promotion. Mr Umar, shortly after he grabbed the keys to the vehicle at the regional office of Access Bank in Abuja, expressed his excitement, informing journalists at the event that he has been a customer of the bank for more than 14 years. He used the occasion to advise Nigerians to patronize Access Bank in order to enjoy the benefits that come from it. After presenting him the Hyundai Accent car, the

By Adedapo Adesanya The construction of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project is currently at 15 per cent completion. This was disclosed by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, at the inspection of the second leg of the project at Karogo community in Igabi Local Government Area, Kaduna State. “The project is currently at about 15 per cent completion but what is important for us to know is that we are crossing the river Niger, what we call the Ndoni-Aboh river crossing in Rivers and Delta states that will deliver gas from

By Adedapo Adesanya Okomu Oil Palm Plc has released its interim report for the half year (H1) 2019 and from the analysis, the firm posted lower profit and turnover from what was recorded by the palm oil processing company in H1 2018. Total revenue generated as at the end of June 30  was N8.6 billion, lower than the N12.9 billion raked in H1 2018. This may have been impacted by the lower cost of sales recorded by the company in the period under consideration, which stood at N1.7 billion against N1.8 billion in the comparative period last year. As a

By Kester Kenn Klomegah After several negotiations, Russia has finally become a full-fledged member of the International Organization for Migration (IOM). It means that Russia has adopted, as a mandatory condition for obtaining membership, the constitution of the organization. It simply implies that joining this international organization, has given the country an additional status. After the collapse of the Soviet, Russia has been interacting with the IOM since 1992 only as an observer. In the past years, Russia has shown interest in expanding this cooperation. The decision to admit Russia to the organization was approved at a council’s meeting by

By Dipo Olowookere Chairman of the Oyo State Board of Internal Revenue (OYBIR) has ordered officers of the board to hand over two members of a fake tax collection syndicate apprehended last Friday in Ibadan to police for investigation. The two suspects were caught last week while carrying out their illegal operation around Agbarigo, Onireke Avenue, Ibadan, in the branded jacket of the Board. According to the identity cards caught on the suspects, the duo was tagged ‘revenue collector’ with one Joint Tax Board (JTB) consultant. The suspects were nabbed by the officials of the state board of internal revenue

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

Subscribers to the Fairmont residential scheme, a home ownership initiative by Propertymart Real Estate Investment Limited, a leading real estate company, have commended the company for delivering on its promise of instant physical allocation of plots upon payment of 30 per cent initial deposits. The subscribers gave the commendation at the weekend when they were allocated their plots of land at Propertymart’s The Fairmont Hilltop Estate, Alagbado, Lagos State. One of the allottees, Suraj Wahab, praised the company for its commitment to helping prospective home-owners achieve their dreams of home ownership conveniently and transparently. He said, “I commend Propertymart for

By Modupe Gbadeyanka The sum of N699.824 billion was on Friday distributed to the federal, state and local governments by the Federation Accounts Allocation Committee (FAAC). The funds were from the revenue generated in December 2021 by the federation and shared among the three tiers of government in line with the agreed sharing formula. Members of the FAAC, which also comprises Commissioners of Finance of the 36 states of the federation, had a virtual meeting to discuss the amount to be shared in January 2022 and at the end of deliberations, it was agreed that N699.8 billion should be disbursed,