Jadesimi Becomes FCMB Chairman as Jonathan Long Retires

By Modupe Gbadeyanka The publisher of an online news platform, Per Second New (PSN), Mr Femi Oladapo Soneye, has been appointed as the Chief Corporate Communications Officer (CCCO) of the Nigerian National Petroleum Company (NNPC) Limited. The appointment of the veteran journalist was announced on Wednesday night by the state-owned oil agency, which said it looked “forward to his valuable contributions to our company.” The new spokesman will be in charge of the corporate communications of the NNPC, leading the organisation’s “corporate communications team and drive our brand penetration, strategic communications initiatives, and stakeholder management.” According to the statement, Mr

By Precious Olisa The federal government has threatened to stop paying salaries of unidentified workers on its payroll, saying it was determined the loopholes in the civil service. The Head of Civil Service, Mrs Folashade Yemi Esan, confirmed this development, noting that it was to tackle the prevalence of ghost workers on the government’s payroll. She said the unverified employees of the government would be fished out with the implementation of the Human Resources (HR) software designed to capture accurate data of workers. According to her, the software will be implemented by the Integrated Personnel Payroll Information System (IPPS) in

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 Aduragbemi Omiyale Mr Andrew Ikekhua has been authorised by the National Insurance Commission (NAICOM) to become the chief executive of NEM Insurance Plc. The astute insurance professional was appointed by the underwriter to lead its affairs, but needed the approval of the regulator. In a statement signed by the group head of its legal department, Ms Olajumoke Philip-Akede, NEM Insurance said the sector’s watchdog has given its nod, noting that the appointment became effective October 1, 2023. “We wish to notify Nigerian Exchange Limited, our esteemed shareholders, and the investing public of the appointment of Mr Andrew Ikekhua as

By Modupe Gbadeyanka Over the weekend, a novelty match was organized to Kick Out Hunger at the Campus Mini Stadium, Lagos Island, with Rite Foods Limited providing support through sponsorship. The event themed The Race to Curb the Menace of Malnutrition and Hunger Amongst Hard-to-Reach Children in Nigeria was put in place by Food Meets Naija Initiative through the Charity With Food (CWF 2021) and about 1,000 children were fed. The Food Meets Naija Initiative helps people who suffer from hunger – from kids who do not get enough to eat, to the homeless, elderly, physically challenged, low-income households as

By Timi Olubiyi, PhD Wealth has so many connotations, however, in the context of this piece, wealth is described as the abundance of items of economic value and freedom. For many, it is mainly about money, but that is only partly true, wealth is different from riches and riches are a part of wealth. There are different constructs of wealth: financial, health, social network, intellectual, cultural, and influence. Being wealthy is not about money alone; being wealthy is majorly about value and essence. When you create wealth, it benefits the people around you, and the people who will be there after

By Dipo Olowookere The proposed sale of N30 billion commercial paper by First City Monument Bank (FCMB) Nigeria Limited has been suspended by the management. Last week, Business Post reported that the financial institution was issuing the debt securities to investors to sort its short-term funding needs. The CP was to be issued under its N100 billion CP programme and was expected to have a tenor of 260 days. “FCMB Group Plc hereby notifies the Nigerian Stock Exchange (NSE) and its esteemed shareholders that one of its subsidiaries, First City Monument Bank Limited, is undertaking a commercial paper issuance under

By Modupe Gbadeyanka No fewer than 55 members of the management of the Nigerian National Petroleum Corporation (NNPC) have been redeployed. This, according to a statement issued by the agency yesterday, is part of the ongoing restructuring aimed at repositioning it as a world class organisation. The affected top executives were either appointed or redeployed to various value chains of the state-owned oil firm’s operations. Under the new arrangement, Mr Roland Ewubare, formerly MD of the Integrated Data Services Limited (IDSL) moves to the National Petroleum Investment Management Services (NAPIMS) as the new Group General Manager, while Diepriye Tariah, former

By Olumade Akanni Lottery is a legalised and regulated gaming that involves the drawing of numbers for a prize. While lotteries are outlawed by some governments, others endorse it. They even organise national and/or state lotteries. Unlike betting or gambling which can involve very high stakes, Lottery (Lotto) is mostly a form of entertainment as it involves staking as low as N20 to N100 for very high rewards. It is fun, entertaining and can be very rewarding It goes without saying that gambling benefits only those directly involved, whereas the proceeds of regulated lottery have been used in many countries

By Aduragbemi Omiyale The Oyo State Road Transport Management Authority (OYRTMA) has maintained that the owner of a fallen container along Efunsetan Roundabout, Challenge, Ibadan, the state capital, one Mr Abdul-Mumeen, must pay fines for violating the state’s traffic law. In a statement issued on Friday, the chairman of the agency, Mr Akin Fagbemi, said no amount of intimidation would deter the organisation from enforcing the law. Recall that for about three weeks, the fallen container obstructed the flow of traffic in the area, causing members of the public to criticise the government for not taking action to ease the

By Dipo Olowookere The Central Bank of Nigeria (CBN) has announced its intention to hold its Monetary Policy Committee (MPC) meeting next week. A statement issued by the central bank said the meeting, which is its 272nd, will take place on Monday, March 23, 2020 at 10:00am and Tuesday, March 24, 2020 at 8:00am. According to the circular, venue of the two-day meeting is the MPC Meeting Room on 11th Floor, Wing C, of the CBN Corporate headquarters in Abuja. The meeting will hold exactly a week after the apex bank announced some emergency polices aimed to help the economy

By Modupe Gbadeyanka Customers of Stanbic IBTC Bank have been applauded for embracing a savings culture despite tough economic climes. This commendation was made recently at the live draw for the Reward4Saving Promo Season two held in Lagos, where 70 more customers who met the minimum saving criteria across seven regions were rewarded with cash prizes. The promo, launched in 2022, aims to encourage a savings culture among customers and reward the same habit. The campaign is open to all Stanbic IBTC Bank customers who have saved a minimum of N10,000 in their Stanbic IBTC Bank savings account for 30