IHS Towers Appoints Bush, Land to Board of Directors

By Aduragbemi Omiyale Members of the Finance Houses Association of Nigeria (FHAN) have elected the founder of DLM Capital Group, Dr Sonnie Babatunde Ayere, as their president. FHAN is the umbrella and self-regulatory body of all finance companies licenced by the Central Bank of Nigeria (CBN) to operate in the country. The group was formed on April 11, 1989, as a professional trade group to advance the business interests of its members, currently at 102, institute sound and ethical corporate governance practices, maintain a standard of conduct for operators, and ensure members’ compliance with statutory regulatory requirements. At the election

By Aduragbemi Omiyale Mr Zikrullah Kunle Hassan has been removed as the Chairman and chief executive of the National Hajj Commission of Nigeria (NAHCON). A statement issued on Tuesday night by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, disclosed that Mr Hassan was sent on compulsory leave. It was disclosed that the NAHCON chief was asked to embark on a three-month pre-retirement leave from today, Tuesday, October 18, 2023. According to the statement, the action of President Bola Tinubu is in line with the Public Service Rule (PSR) 120243. Mr Hassan is due to

By Adedapo Adesanya  The Governor of Lagos State, Mr Babajide Olusola Sanwo-Olu, has sacked the General Manager of the Lagos State Traffic Management Authority (LASTMA), Mr Bolaji Oreagba. It was disclosed that Mr Oreagba was removed from office because of the various incidences of misdemeanours among staff of the traffic control agency. According to the Permanent Secretary in the Ministry of Transportation, Mr Olawale Musa, the Governor has appointed Mr Olalekan Bakare-Oki as the acting general manager of LASTMA with immediate effect to bring sanity into the organisation. Mr Musa explained that the new chief of LASTMA was favoured for

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 Dipo Olowookere Travel agents in the United Kingdom (UK) have announced South Africa as winner of the Destination Award for Wildlife & Nature. At the recent Travel Agents Choice Awards held at the World Travel Market in London, South Africa was applauded for its efforts at grooming tourism in Africa. All in all, there were 42 categories covering a broad range of travel options. In the Airlines and Airports category, the South African Airways secured the award for ‘Best Airline to Africa’ while hotel, the One&Only secured the ‘Hotel/Group in Africa’ award. These coveted awards, organised by Selling Travel,

By Modupe Gbadeyanka Yesterday, a Federal High Court in Lagos threw out a suit filed by Oando Plc against the Securities and Exchange Commission (SEC), seeking to stop a forensic audit on its affairs. Oando had got into trouble after Dahiru Manga and Ansbury Inc petitioned SEC, alleging gross financial misconducts against the energy firm. After its comprehensive review of the petitions against Oando Plc, SEC found out that the company breached provisions of the Investments & Securities Act 2007, breached of the SEC Code of Corporate Governance for Public Companies, had insider dealing, discovered that related party transactions were

By Anton van Heerden “What do you want to be when you grow up?” It’s a question that most of us heard by the time we were four years-old, with the expectation that the answer would be a single profession or career. But times are changing fast and many people are now rejecting the idea that they should choose to define themselves by only one job for life. Many young professionals and entrepreneurs are embracing the idea of pursuing multiple professional interests in search of better earning power or more personal satisfaction. Becoming an accountant doesn’t mean that you need

By Modupe Gbadeyanka Registration portal of the job scheme established by the Federal Government for unemployed graduates in the country called the N-Power programme is slated for reopening tonight. Already, intending applicants have begun countdown to the time, 11:30pm of Tuesday, June 13, 2017. Registration will take place for one month after which the portal would be closed on Thursday, July 13, 2017. A check on the portal by Business Post this morning showed that the website is also counting down to the 11:30pm time it will reopen for registration today. It was also gathered that three steps are involved

By Modupe Gbadeyanka No fewer than 400 butchers and live cattle dealers drawn from various abattoirs and slaughter slabs in Lagos State have been trained by the state government on current trends in abattoir management. This move, the government explained, is part of efforts aimed at ensuring and maintaining a hygienic and conducive environment within abattoirs and the red meat value chain business in Lagos. The training, which centered on the standard operating procedures in abattoir management, was organized by the State Ministry of Agriculture as part of the ongoing reforms in the Red Meat Value Chain in Lagos State.

By Modupe Gbadeyanka The Chairman of DAAR Communications, Mr Raymond Dokpesi, is dead. The media entrepreneur reportedly died on Monday after he suffered from a stroke. It was said that he was admitted to a hospital in Abuja and was being looked after, but he gave up the ghost today. He was aged 71 and was survived by his wives and children. Until his demise, Mr Dokpesi, who hailed from Edo State, was a chief of the opposition political party, the Peoples Democratic Party (PDP). He was also a close ally of the PDP’s presidential candidate in the 2023 general

By Adedapo Adesanya Prices of the crude oil grades rose about 1 per cent on Thursday after posting the biggest two-day loss for the start of a year in three decades. Brent crude futures settled higher at 96 cents or 1.2 per cent to close at $78.80 a barrel, while the US West Texas Intermediate (WTI) crude went up by 96 cents or 1.3 per cent to $73.78 a barrel. The change of fortune happened as US data showed lower fuel inventories in the final week of 2022, a development that provided support amid a crude oil inventory build of

By Dipo Olowookere Shareholders of Guinness Nigeria Plc may not get any cash reward for the 2020 financial year ended June 30 because the company board did not recommend any dividend payment for approval at the forthcoming Annual General Meeting (AGM) unlike in the previous years. The reason for this action may not be far-fetched as the brewery giant had a bad fiscal year because the key performance indicators were not impressive, according to an analysis by Business Post. In the 2019 accounting year, the board proposed a final dividend of N1.52 each and in the 2018 fiscal year, N1.80