Immigration Threatens to Dismiss Female Officers for ‘Indecent Flaunting of Bodies’

By Adedapo Adesanya President Bola Tinubu has approved the appointment of a new board and management team for the Niger Delta Development Commission (NDDC) more than two months after the last board was dissolved. In a statement signed by Mr Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, on Tuesday evening, the President approved the 17-man board and management team. The team will be led by Mr Chiedu Ebie as Chairman (Delta), while Mr Samuel Ogbuku (Bayelsa) will continue as the Managing Director/CEO. The Executive Directors include Mr Boma Iyaye – Executive Director (Finance and Admin)

By Adedapo Adesanya The Nigeria Customs Service (NCS), as part of efforts to reposition the agency for greater operational efficiency, has approved the redeployment of comptrollers at various commands across the country. The acting Comptroller General of Customs, Mr Bashir Adeniyi, on Wednesday, explained that the redeployment of the customs comptrollers was in response to the statutory retirement of some management members of the service. In a statement signed by the National Public Relations Officer, Mr Abdullahi Maiwada, Mr Adeniyi approved key appointments and redeployment within the service to ensure operational efficiency. “Consequently, comptrollers Florence Nanu Ogar-Modey and Queen Ogbudu

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

By Dipo Olowookere A meeting of the board of directors of Vitafoam Nigeria Plc is scheduled to take place on Tuesday, December 18, 2018, the Lagos-based firm has disclosed. In a statement issued by its Legal Adviser, Mr ‘Lekan Sanni, it was stated that during the meeting, the board will consider and approve the audited financial statements for the year ended September 30, 2018. “This is to inform the Nigerian Stock Exchange and the investing public that a meeting of the board of directors of Vitafoam Nigeria Plc is scheduled to take place on Tuesday, December 18, 2018. “The meeting

By Adedapo Adesanya The Republic of Korea has disclosed an interest in strengthening collaboration with the Nigerian government under the leadership of President Bola Tinubu in various areas, especially technology, to enhance and lead the fourth industrial revolution. This was the core focus of an engagement with Mr Jang Sungmin, the Special Envoy of the President of the Republic of Korea, Mr Yoon Suk Yeol, in Abuja. He stated that his country was interested in Nigeria “because it is the leader of Africa [and] has the biggest market, largest population, natural resources and biggest arable land.” “Nigeria has all the

By Sodeinde Temidayo David An African non-profit organization, Tony Elumelu Foundation (TEF), has received N400 million in grant funding from the Nigerian Export Promotion Council (NEPC) through the Export Expansion Facility Programme (EEFP) to accelerate the performance of TEF Alumni small and medium enterprises (SMEs) in Nigeria within the non-oil export sector. At the signing ceremony organised between the two organisations at the Export House in Abuja, the Executive Director of NEPC, Mr Olusegun Awolowo, also revealed that the duo is set to create an army of exporters to drive non-oil exports and promote the diversification of Nigeria’s export portfolio

By Modupe Gbadeyanka The 278th meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will take place next week. This information was revealed by the apex bank via a circular issued on Monday evening. The central bank disclosed that the gathering, the second in 2021, will precisely hold on Monday, March 22, 2021, at 10.00am and Tuesday, March 23, 2021, at 8.00am. Later in the afternoon of the second day of the meeting, the Governor of the CBN, Mr Godwin Emefiele, will have a chat with journalists to inform them of the outcome of the

By Adedapo Adesanya Crude oil reacted positively to the news of headway in possible coronavirus vaccines which were announced simultaneously on Monday. Brent crude futures gained 14 cents or 0.33 per cent to $43.28 per barrel and US West Texas Intermediate (WTI) crude futures rose 19 cents or 0.34 per cent to $40.67 per barrel. More than 14.5 million people have been infected by the novel coronavirus globally and more than 604,000 have died of COVID-19, the disease caused by the pathogen, and with rising cases, fuel demand recovery is taking the hit. However, prices found support after three groups

By Investors Hub The major U.S. index futures are currently pointing to a lower opening on Wednesday, with stocks likely to see further downside after turning lower over the course of the previous session. A further inversion of the yield curve may weigh on Wall Street, with the inversion seen as an indicator that a U.S. recession is looming. The yield on the benchmark ten-year note has fallen further below the two-year yield, with the spread widening to its lowest level since 2007. The White House has sought to downplay recession concerns, although the inverted yield curve combined with the

By Dipo Olowookere The corporate bonds worth N41.2 billion sold to investors recently by Fidelity Bank Plc have been listed on the Nigerian Exchange (NGX) Limited. The debt instruments were admitted on the trading platform of the nation’s stock exchange on Tuesday, a notice issued by the NGX and sighted by Business Post confirmed. The notes were sold at 8.5 per cent and they are with a maturity of 10 years, meaning they will mature in 2031, according to the disclosure. A total of 41,213,000 units of the papers at a unit price of N1,000 were issued to subscribers and

By Aduragbemi Omiyale The Minister of Transportation, Mr Rotimi Amaechi, has appealed to the Kano State government to provide an enabling structure for the protection of infrastructural projects of the federal government in the state. Mr Amaechi made this appeal last week when he visited the Governor of Kano State, Mr Abdullahi Ganduje, alongside executives of the Nigerian Shippers Council (NSC) and the Nigerian Railway Corporation (NRC). He said it would be painful for the government to source funds from different areas to put these projects in place only for them to be vandalized as it is being experienced in