Former Microsoft Strategist Adrian Clarke Joins Modex

By Modupe Gbadeyanka President Bola Tinubu has appointed Mr Felix Omatsola Ogbe as the new Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB). A statement issued on Thursday by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, said the appointment of Mr Ogbe aligns with Sections 71(1), 72, and 73 of the Nigerian Oil and Gas Industry Content Development Act (2010). The new executive scribe of the agency will replace the former occupier of the position, Mr Simbi Wabote, who had headed the management team of the organisation since 2016. Business Post

By Modupe Gbadeyanka A popular talk show host, Mrs Morayo Afolabi-Brown, has been appointed as the Managing Director of TVC Entertainment (TVCe). The channel is the entertainment subsidiary of the Lagos-based broadcast media platform, TVC Communications. Mrs Afolabi-Brown is the co-anchor of the famous morning show on TVC, Your View, which has won several awards. Confirming her appointment on Thursday, she said, “I am excitingly pleased to announce my recent appointment as the Managing Director of TVCe, the Entertainment Channel of TVC Communications. “This is a new chapter in my career. I am exceedingly grateful to the board for entrusting

By Dipo Olowookere The Central Bank of Nigeria (CBN) on Wednesday further reduced the stop rates of treasury bills in the country at the primary market in a bid to discourage the tying down of liquidity on government instrument at the detriment of the real sector of the economy, which desperately need funds for economic growth. Since the apex bank announced restricting local investors from participating in the Open Market Operations (OMO), the stop rates of T-bills, which remains open to them, have been on the downward trend. Despite the continuous cut in the rates, the appetite of investors for

By Modupe Gbadeyanka Several members of the People’s Democratic Party (PDP) in Ubima community, Ikwerre Local Government Area of Rivers State, on Friday defected to the All Progressives Congress (APC). The former PDP supporters joined the opposition party in the state under the aegis of Ubima Progressive Group (UPG). Leader of the group and Grassroots Development Initiative coordinator in the community, Prince Chinedu-Ordu, told a mammoth crowd of APC faithful in Ubima that the PDP which they belonged to and worked for has reneged on its promises and abandoned them. Speaking at the event which attracted the cream of the

By Modupe Gbadeyanka Transactions on the floor of the Nigerian Stock Exchange (NSE) closed for the week on Friday on a positive note after the market appreciated by 0.04 percent. At the close of trading activities at the stock market, the All-Share Index (ASI) slightly moved up by  11.75 points to end at 28,113.38 points, while the market capitalisation progressed by N4.1 billion to finish at N9.719 trillion. The year-to-date return also slightly increased by 4.61 percent, while the market breadth closed flat today with 21 stocks appreciating in price, same as decliners. Business Post reports that Seplat topped the

By Modupe Gbadeyanka Nigeria’s Minister of State for Education, Mr Chukwuemeka Nwajiuba, has proposed the merger of some public schools in the country in order to improve the quality of education. He also called on key players in the education sector to support the federal government in its efforts at moving the vital industry forward. Speaking at the maiden edition of Re-ignite Public Affairs National Dialogue Series where he was the keynote speaker, he said “we have a lot of public schools that are not doing well. “So, instead of building new schools, why can’t we concession some of these

By Modupe Gbadeyanka Men and officers of the Nigeria Customs Service (NCS) have been urged to make professionalism their watchword. This charge was made by the Customs Area Controller, Federal Operations Unit (FOU) Zone ‘C’ Owerri, Comptroller Mohammed Uba Garba, in commemoration of the 2017 Customs Day. The customs boss argued that it has become much more imperative and apposite for the agency to re-strategize its operations against the sharp unpatriotic practices of smugglers and their cohorts in order to always neutralize the antics of those still engrossed in the illicit business. He explained that the International Customs Day (ICD)

By Adedapo Adesanya **Offers Insurance for N1000 In order to deepen the retail segment of the insurance market, the National Insurance Commission (NAICOM) has granted Consolidated Hallmark Insurance (CHI Plc) approval-in-principle to operate a new Micro Life Assurance subsidiary, CHI Micro Insurance Limited. With the approval by NAICOM to commence operations, CHI Micro Insurance Limited is set to deepen the insurance penetration by ensuring that those who had never considered themselves able to afford an insurance cover can now do so. The insurance premium can be as low as N1,000 to upwards of N5,000. The products will be tailored to

By Adedapo Adesanya Oil prices, having climbed to a 13-month peak last month, continued to slide at the global market and on Tuesday, they further depreciated. This was caused by expectations that the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) may be set to increase global supply. As a result, the price of the Brent crude further lost 96 cents or 1.51 per cent to trade at $62.73 per barrel, while the West Texas Intermediate (WTI) crude dropped 91 cents or 1.50 per cent to sell at $59.73 per barrel. OPEC+ had last year agreed to reduce

By Dipo Olowookere Vice President, Mr Yemi Osinbajo, has explained that the approvals he granted to the Nigerian National Petroleum Corporation (NNPC) while he was the Acting President were for financing arrangements for the Joint Ventures between the corporation and IOCs, and not approvals for contracts. He made this clarification on Thursday when he was approached by reporters after the ground-breaking multi-billion Naira historic Bonny-Bodo road project, in Bonny, Rivers State. “These were financing loans. Of course, you know what the Joint Ventures are, with the lOCs, like Chevron, that had to procure. “In some cases, NNPC and their Joint