Jobberman Launches Initiative to Ease Entry-level Employment

By Aduragbemi Omiyale Two new independent non-executive directors have been appointed to the board of a sector-agnostic proprietary investment company, VFD Group Plc. The firm, which publicly trades its stocks on the Nigerian Exchange (NGX) Limited, confirmed this development in a statement. The appointees joining the board comprising highly respected professionals are Ms Rashida Saleh and Ms Nneka Okekearu. The statement disclosed that the appointments became effective on Wednesday, October 25, 2023, though subject to shareholder approval at the next Annual General Meeting (AGM) of the organisation. VFD Group, which said the addition of the duo underscores its commitment to

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 Aduragbemi Omiyale Members of the Finance Houses Association of Nigeria (FHAN) have elected the founder of DLM Capital Group, Dr Sonnie Babatunde Ayere, as their president. FHAN is the umbrella and self-regulatory body of all finance companies licenced by the Central Bank of Nigeria (CBN) to operate in the country. The group was formed on April 11, 1989, as a professional trade group to advance the business interests of its members, currently at 102, institute sound and ethical corporate governance practices, maintain a standard of conduct for operators, and ensure members’ compliance with statutory regulatory requirements. At the election

By Dipo Olowookere The board of Dangote Cement, one of the companies owned by Mr Aliko Dangote, has announced the audited financial statements of the firm for the year ended December 31, 2018. The results, released today, showed an improvement from what was recorded in the 2017 financial year. For example, the revenue generated by the company improved by 11.9 percent to N901.2 billion from N805.6 billion achieved in the 2017 financial year. Also, the profit before tax improved to N300.8 billion from N289.6 billion, with the company getting a tax credit of N89.5 billion during the fiscal year to

By Adeniyi Ogunfowoke You must have heard road mishaps that happened because the driver slept off while driving. These calamities usually happen after only a few seconds winks. There are other circumstances whereby, the driver sleeps briefly in traffic only to be woken up by the irrational honking of fellow road users. This is a frequent occurrence in Lagos traffic. The reason for this is not farfetched. It is because many Nigerians don’t sleep. You arrive home after a long night indulgence at a hotel in Lagos yet, you have to drive to Abeokuta the following day. Not to worry.

By Modupe Gbadeyanka Delta State Governor, Mr Ifeanyi Okowa, has explained why his administration decided to divest shares of the state-owned transport company, Delta Line, to a private organisation. In a statement issued in Asaba, the Executive Assistant to the Governor on Communications, Barrister Fred Latimore Oghenesivbe, emphasised that Delta Line was not outrightly sold to God is Good Motors as being peddled on social media. According to him, government is making solid plans to divest part of its shares in the transport company to pave the way for joint ownership with the highest bidder, adding that the divestment of

By Adedapo Adesanya The Naira depreciated to N420 a dollar at the parallel segment of the foreign exchange (forex) market on Monday, April 20. The local currency lost N4 yesterday from the rate it was traded at the previous session, N416/$1. At the same segment, the domestic currency closed flat against the Pound at N495/£1 and also remained unchanged against the Euro at N430/€1. At the Investors & Exporters (I&E) window, Business Post gathered from the FMDQ Securities Exchange that the exchange rate of the Naira/Dollar remained at N383.13/$1. At the same market segment, it was observed that the demand

By Ahmed Rahma A leading beverage company, Nestlé Nigeria Plc, makers of Nestle Milo, has changed the pack of its Ready-To-Drink from plastic to paper straws for a cleaner environment. In a statement by the company on Monday, this is with the aim of eliminating 60 metric tonnes of plastic yearly. The company added that the bold step was to deliver on its global commitment to make 100 per cent of Nestlé’s packaging recyclable or re-usable by 2025 to protect the environment. The newly developed paper straws are 100 per cent biodegradable as well as safe and easy to use

By Modupe Gbadeyanka Toshiba Corporation has disclosed that it is working hard to partner with African countries with a view to proffering solutions to the energy problems facing the continent. Toshiba participated in the Tokyo International Conference on African Development 2016 in Nairobi, Kenya, which was held on August 27 and 28 at the Kenyatta International Convention Center. The company showcased its ability to provide total energy solutions that ‘Make Energy”, “Transmit and Store Energy” and realize the “Smart Use of Energy”. It said these ideas demonstrate its ideal positioning to support growing demand for power in Africa with world-class

By Adedapo Adesanya After 134 days, the Department of State Services (DSS) has formally confirmed the release of the former Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Abdulrasheed Bawa. In a brief message, Mr Peter Afunanya, the Director of Public Relations and Strategic Communications of the secret police, said the former anti-graft agency boss was let go. However, in the terse statement made available on Thursday in Abuja, the DSS spokesman failed to give details about the release but noted that Mr Bawa was allowed to rejoin his family on Wednesday night. “SSS confirms release of former

By Modupe Gbadeyanka Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, has disclosed that in a bid to increase local production of fresh tomato fruit required for fresh fruit consumption and processing; increase local production of tomato concentrate and reduce post-harvest losses, the Federal Government has increased the tariff on importation of tomato concentrate to 50 percent. The Minister, speaking on Tuesday, said further that the government has also approved an additional levy of $1,500 per metric tonne on tomato concentrate from May 7. He pointed out that the Federal Government classified greenhouse equipment as agricultural equipment in order