Ikeja Electric Accepts 20 into Young Engineers’ Programme

By Modupe Gbadeyanka The appointment of Mr Bashir Gwandu as the executive vice chairman and chief executive of the National Agency for Science and Engineering Infrastructure (NASENI) has been terminated. This action was taken by President Bola Tinubu, a statement from the president’s spokesman, Mr Ajuri Ngelale, disclosed on Friday. It was disclosed that Mr Gwandu would now be replaced by a 32-year-old innovator and technology expert, Mr Khalil Suleiman. He is expected to serve for an initial term of five years as stipulated in the NASENI Act, a part of the disclosure this evening stated. “President Bola Tinubu on

By Adedapo Adesanya President Bola Tinubu has appointed Mr Zaccheus Adedeji, his Special Adviser on Revenue, as the acting Chairman of the country’s tax collection agency, the Federal Inland Revenue Service (FIRS). The announcement means he will take over from Mr Mohammed Nami, who headed the position until recently and marks a new chapter in the leadership of one of the country’s most critical revenue agencies. Mr Adedeji, who hails from Oyo State, brings a wealth of experience to his new role and will be seeking to use his knowledge in driving revenue generation and financial management as Nigeria moves

By Modupe Gbadeyanka A summer internship programme designed to give a learning opportunity to young talents has been introduced by a foremost digital bank, ALAT by Wema. The platform will be used to nurture future leaders, offering them hands-on experience that bridges the gap between academia and the corporate world. The Divisional Head of Brands, People and Culture at Wema Bank Plc, Ms Ololade Ogungbenro, while speaking of the initiative, said participants would gain invaluable insights into the dynamic banking industry while contributing to real-time projects that impact the country. Business Post gathered that the ALAT Summer Internship Programme is

In November 2018, Schlumberger pulled out of the Madu /Anyala field development project offshore Nigeria. It was 17 months after the oil service giant had inked a tripartite agreement to be financier and technical service provider on the project, with the Nigerian Independent First E&P, operator of the asset, and NNPC, the state-owned partner. Schlumberger’s decision to pull its $724Million funding for this development in Oil Mining Leases (OMLs) 83 and 85, has been kept out of public scrutiny by all the parties involved. But as the company moves on to another Nigerian field development project, questions are being raised:

By Adeniyi Ogunfowoke When customers come to the register to pay for their meal or purchases, many can now simply hold up their mobile phones instead of pulling out a credit card. Mobile payment has really taken away the requirement that you have to build big systems and be a large company to be successful with technology. In many ways, it is easier for small businesses to adopt mobile payment programs because they don’t have a large infrastructure to work through so small businesses can jump right in. Here are five ways of offering a mobile payment to your customers

By Dipo Olowookere It was a bad trading day on Wednesday on the floor of the Nigerian Stock Exchange (NSE) as losses recorded by large cap equities dragged the market down by 0.35 percent at the close of transactions. The local bourse, which had recorded gains in the first two trading sessions of this week, fell to profit-taking embarked upon by investors at the market. Though there was a spike in the volume of transactions at the NSE yesterday, the value of shares bought and sold by investors significantly dropped. Business Post reports that the volume of stocks traded on

By Modupe Gbadeyanka Minister of the FCT, Mr Muhammad Musa Bello, has disclosed that the total percentage of progress so far made in the on-going Abuja Mass Rail Transit project is put at 90.27 percent as most of the train stations were at the finishing stages. Mr Bello made this disclosure after he inspected the project site and had a train ride from the Abuja Metro Station behind the Abuja World Trade Centre at the Central Business District to the Nnamdi Azikiwe International Airport, Abuja on Monday. The Minister, who was in company of the FCT Permanent Secretary, Dr Babatope

By Dipo Olowookere Lagos-based motorcycle hail company, Gokada, has secured a funding support worth $5.3 million to spread its operations across states of the federation. Rise Capital led the Series A investment package with support from Adventure Capital, IC Global Partners and First MidWest Group. In a chat with TechCrunch, co-founder of the company, Mr Fahim Saleh, explained that the financing would be used to increase its fleet and ride volume, while developing a network to offer goods and services to its drivers. “We’re going to start a Gokada club in each of the cities with a restaurant where drivers

by Investors Hub Job growth in the US saw a significant acceleration in the month of February, according to a report released by the Labor Department, although the report also showed a slowdown in the pace of wage growth. The Labor Department said non-farm payroll employment surged up by 313,000 jobs in February after jumping by an upwardly revised 239,000 jobs in January. Economists had expected employment to climb by 200,000 jobs, matching the increase originally reported for the previous month. Despite the stronger than expected job growth, the unemployment rate held at 4.1 percent in February. The unemployment rate

By Sodeinde Temidayo David Nigerian innovators and technologists have asked for the availability of research funds to enable them to produce machine parts and equipment to reduce the country’s dependence on imports. This was revealed at the Hardware Convention 2021 organised by Clintonel Innovation Centre (CIC), which was held in Aba, Abia State. CIC is a hardware startup incubator that provides training, mentoring and equipment for young people to create engineering innovations, build indigenous products and start-up technology businesses. At the convention, different professionals canvassed the need to grow the local hardware industry. Also, innovators converged at the Hardware Convention

By Dipo Olowookere Acting Director-General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, has stated that in order to make the Nigerian capital market more attractive to investors, her agency had to digitalize its operations. She said this was why some of the processes of the apex regulator in the nation’s capital market, which were previously manual and inefficient, are now being automated. Addressing students of Aduvie Pre University College, Modibbo Adama University, Yola and University of Abuja, who were on excursion to the commission on Wednesday, Ms Uduk said this action has made transactions at the market