International Breweries Appoints Rivett-Carnac as Director

By Modupe Gbadeyanka Mr Olasupo Olusi has been appointed by President Bola Tinubu as the new Managing Director and Chief Executive Officer of the Bank of Industry (BoI). He is to replace the former occupier of the seat, Mr Kayode Pitan, who resigned from the lending institution for small and medium-sized business owners in the country. In a statement issued by his aide on Media and Publicity, Mr Ajuri Ngelale, the President tasked the new BOI chief executive to ensure that Nigerians, who are operating all sizes of enterprises across sectors, are given fair and equitable access to much-needed support

By Adedapo Adesanya The Senate has officially confirmed Mr Adamu Aliyu as the substantive chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC). He was confirmed following a screening session at the plenary on Thursday, a day after President Bola Tinubu pleaded with the upper chamber to speed up his confirmation. The screening commenced at approximately 11:50 am following a request by Mr Bamidele Opeyemi to temporarily suspend specific Senate rules, permitting external individuals to enter the chamber. The Deputy Senate President, Mr Jibirin Barau, led the screening of Mr Aliyu, who was the Attorney General of

By Adedapo Adesanya The Senate on Tuesday confirmed the nomination of Mr Zacch Adedeji as the Chairman of the Federal Inland Revenue Service (FIRS). Mr Adedeji, who appeared at the upper chamber for his screening today, revealed his plans to improve the nation’s revenue, referring to the dearth of information in the oil and gas sector. The FIRS boss promised that most of the leakages would be halted. According to him, the core problem in the country is that of proper data, adding that developing data upon which decisions will be made is fundamental. He explained that this would enable

By Dipo Olowookere President of the African Development Bank (AfDB), Mr Akinwumi Adesina, has said the lender will work closely with the Africa Advisory Group of the London Stock Exchange Group (LAAG) to attract a bigger share of the $5 trillion global Exchange Traded Fund Assets under management into African capital markets. Speaking when he opened markets for trading at LSE on Wednesday, January 22, 2020, Mr Adesina said the synthetic synchronization of £1 billion issued by the bank had attracted global institutional investors to look at infrastructure in Africa. “We are excited about the recent listing of Kenya’s Acorn

By Adedapo Adesanya The president of the African Development Bank (AfDB) Group, Mr Akinwumi Adesina, has called for a significant increase in Japanese investment in Africa, saying the continent is the world’s best investment destination now and in the future. He led a delegation on a five-day visit to Japan, during which he will meet senior government officials, large Japanese companies, development partners and members of the African diplomatic corps in the country. Delivering a lecture at the Japan-Africa Investment Ecosystem Co-Creation Forum in the capital, Tokyo, Mr Adesina said Africa offers enormous investment opportunities and gave examples of Japanese

By Modupe Gbadeyanka Names of the five most valuable companies in 2016 have been released and from the list, the oil and gas industry is losing its relevance to the technology sector. From smartphones and social media, to virtual reality and artificial intelligence, the tech-oriented world we live in today looks very different to how things were just 10 years ago. In 2006, oil giant Exxon Mobil headed the list of the world’s most valuable companies and Microsoft was the only tech firm near the top. Fast forward to August 2016, and Apple, Google’s Alphabet, Amazon and Facebook dominate the

By Adedapo Adesanya The Naira strengthened against the Dollar on Friday at the Peer-to-Peer (P2P) segment of the foreign exchange (FX) market after news emerged on Thursday that the Central Bank of Nigeria (CBN) has commenced the clearance of forex backlogs. This step was taken by the central bank to boost the value of the Naira in the currency market after plunging to a low of about N1,300/$1 some days ago in the parallel market and the P2P. At About 1:30 pm on a popular crypto exchange platform, Binance, the local currency was traded against the greenback at N864.19/$1 compared

By Aduragbemi Omiyale The food delivery service of popular e-commerce platform, Jumia, has been expanded to serve more customers in key cities of Nigeria. In a statement, Jumia Food said residents of Minna in Niger State, Benin City in Edo State, Kaduna in Kaduna State, Abeokuta in Ogun State, Kano in Kano State and Ilorin in Kwara State can now order for food items online and would be delivered to their doorstep. According to the CEO of Jumia Nigeria, Mr Massimiliano Spalazzi, the extension of the company’s food delivery service to these tier-2 cities on the Jumia Food map was

By Julius Akpovire-Enyeh When great men celebrate, even the stars bow in solemn hallow. As the immediate past governor of Delta State and the All Progressives Congress candidate for Delta South Senatorial District, Dr. Emmanuel Eweta Uduaghan celebrates his 64th birthday today (October 22, 2018), the periscope is focused on a man who has given his all to create peace, tranquillity and progress for his people and the Niger-Delta region as a whole. Gradually, the former governor is stepping into the septuagenarian club, healthy, hearty, resolute and focused. As he ages, it is never a dull moment for a man

By Adedapo Adesanya Following the increase in the number of confirmed cases of coronavirus in the state as the second wave of the virus continues to rise, the Lagos State Governor, Mr Babajide Sanwo-Olu, has extended the work-from-home directive to all state public servants on Grade Levels 14 and below to Monday, February 1, 2021. This directive was contained in a circular to members of the State Executive Council and all heads of Ministries, Departments and Agencies (MDAs) issued and signed by the Head of Service, Mr Hakeem Muri-Okunola, on Saturday. According to the Governor, the directive on the extension

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) has announced the indefinite extension of the December 31, 2023, deadline for the validity of the old N200, N500, and N1,000 currency notes. The central bank confirmed this development in a statement issued on Tuesday night by its Director of Corporate Communications, Mr Isa AbdulMumin. In 2022, the CBN, under the leadership of its former Governor, Mr Godwin Emefiele, introduced a Naira redesign policy, which changed the outlook of the N200, N500, and N1,000 notes. The apex bank then said the old currency notes would no longer be legal tender in