Institute of Food Technologists Picks Sean Leighton as Board President

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 Precious Olisa The appointment of Mr Akutah Ukeyima as the Executive Secretary/CEO of the Nigerian Shippers’ Council (NSC) has been approved by President Bola Tinubu. The Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, confirmed the appointment of Mr Ukeyima in a statement signed on Wednesday. Mr Ngelale said the new chief executive of the NSC was recommended for the position by the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola. He also disclosed that another recommendation was the appointment of Mr Munirudeen Oyebamiji as the Managing Director/Chief Executive Officer of the National Inland

By Bliss Okperan Nigeria’s President, Mr Bola Tinubu, has approved the appointment of new Chief Executive Officers for some agencies and parastatals under the Federal Ministry of Industry, Trade and Investment. A statement on Friday from the President’s Special Adviser on Media and Publicity, Mr Ajuri Ngelale, disclosed that the appointments, which take immediate effect, are in line with his resolve to base the country’s economic revival on the foundation of trade expansion through small, medium and large scale industry facilitation. Mr Ngelale said his boss “expects all new appointees in the critical sector to optimally deliver in accordance with

By Modupe Gbadeyanka The recent ROCCO SMS Firewall Performance Report has announced Comviva as Tier 1 SMS Firewall Vendor. The report reflects how SMS Firewall providers are perceived by Mobile Network Operators (MNOs) across performance criteria, which are fundamental to the delivery of SMS Firewall service. About 131 MNOs across 92 countries partook in the unique consumer-led research and the global leader in mobility solutions received an overall rating of 4.02 out of 5 from the exercise. From the 18 vendors looked into, Comviva was listed amongst the top five based on various performance criteria, like reliability, customer service, technical

Dubai Chamber of Commerce and Industry (Dubai Chamber) has announced its plans to host the fifth edition of the Global Business Forum (GBF) on Africa on November 18-19, 2019 in Dubai under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Organised under the theme “Scale Up Africa”, GBF Africa 2019 will bring together African and UAE government and business leaders to explore avenues of economic cooperation and facilitate bilateral trade and investment flows. The high-level forum will place a key focus on forging the connections

By Dipo Olowookere Transactions on the floor of the Nigerian Exchange (NGX) Limited closed bullish on Thursday with a 0.85 per cent growth inspired by Oando, which appreciated by 10.00 per cent. The company led the price gainers’ chart of 23 members yesterday after its share price closed at N5.17 compared with the preceding day’s N4.70. Investors started to acquire the stock after the board informed the market of the reason behind the delay in filing its outstanding financial statements. Academy Press gained 9.73 per cent to close at N1.24, SCOA Nigeria rose by 9.62 per cent to N1.14, Lasaco

By Aduragbemi Omiyale Two small business owners were empowered at the just-concluded first anniversary of MSME Africa, the continent’s leading news, opportunities, capacity development and resources platform for Micro, Small and Medium Enterprises (MSMEs), entrepreneurs and startups. The beneficiaries were winners of the Micro Business Pitch Contest, 07 Foods and Ebom Palm Oil, and they went home with a total of N500,000. While ‘07 Foods provides healthy meal options for adults and infants, Ebom palm oil provides healthy, low cholesterol palm oil to people to prepare more nutritious meals. The cash prizes were presented to them by the Managing Director

By Adedapo Adesanya The Coca-Cola Hellenic Bottling Company (CCHBC) has announced its commitment to achieving net-zero emissions across its entire value chain by 2040. The commitment, which was recently launched across 28 markets by the leading bottlers of the Coca-Cola brands, represents a bold response to the global concerns around climate emergency and its threats to the future of the planet. The company aims to achieve this total renewable energy adoption target through the adoption of several initiatives, including the investment of €250 million in emissions reduction initiatives by 2025; switching to 100 per cent renewable electricity and low carbon

By Modupe Gbadeyanka Dangote Sugar Refinery Plc released its Q4 and full year 2016 results last week and its 94.5 percent y/y revenue and PAT growth apiece, in the final quarter, summed up an impressive year for the company, wherein top-line grew by 67.9 percent while post-tax profit increased by 29.2 percent. The Board is recommending N0.60 dividend per share (vs. N0.50 in 2015, and in line with our estimate). Q4-2016 – The Hand of Price and Fair Value Adjustments The revenue growth of 94.5 percent y/y reported during the fourth quarter was ahead of our estimate of 77 percent

By Dipo Olowookere Today, Tuesday, January 24, 2023, investors, analysts and other stakeholders will look forward to about 2 pm when the embattled Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, will address the media to reveal the outcome of the Monetary Policy Committee (MPC) meeting. The meeting started on Monday, and it is the first of the year. The apex bank gathers its team of economic and financial experts every two months to look into the economy and then agree on the next monetary policy to adopt for economic growth. The major high point of the

By Dipo Olowookere The first trading day of the last week of 2019 ended positive on the Nigerian Stock Exchange (NSE) after the benchmark indicators appreciated by 0.73 percent to reduce the year-to-date loss to 15.34 percent. This consequently increased the All-Share Index (ASI) by 192.86 points to 26,609.34 points from 26,416.48 points and the market capitalisation by N93 billion to N12.846 trillion from N12.753 trillion. Business Post observed that there were renewed interests in the acquisition of stocks at the market on Monday, leading to an improvement in the level of activity. The volume of shares traded by investors