Kwara Govt Reverses Directive to Cut Workers’ Salaries

By Adedapo Adesanya  President Bola Tinubu has approved the appointment of 12 persons to serve in the Federal Civil Service Commission (FCSC) to be led by Mr Tunji Olaopa as Chairman. According to a statement by President Tinubu’s spokesperson, Mr Ajuri Ngelale, on Friday, the appointment of the members into the commission is subject to the confirmation of the Nigerian Senate. He said that upon confirmation, the new FCSC leadership is expected to commence work with effect from November 30, 2023, following the expiration of the tenure of the current Federal Civil Service Commission Chairman and membership on November 29,

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 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 Modupe Gbadeyanka A court in the Netherlands has directed an oil giant, Shell Nigeria, to compensate four farmers who instituted a suit against the company over oil spills. The case was filed in 2008 and the plaintiffs said Shell contaminated their soil, making it impossible for them to earn a living from their work because of the oil spills. According to reports, the spills occurred between 2004 and 2007 in three villages in the region;  Goi in Rivers State, Ikot Ada Udo in Akwa Ibom State, and Oruma in Bayelsa State). But the oil firm blamed saboteurs for the

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange continued in the green zone on Thursday, March 9 as it appreciated by 0.08 per cent at the close of transactions. This pushed the NASD Unlisted Securities Index (NSI) higher during the trading day by 0.6 points to wrap the session at 719.83 points compared with 719.23 points in the previous session. Also, the marginal growth raised the value of the unlisted securities market by N800 million to settle at N945.87 billion compared with Wednesday’s closing value of N945.07 billion. Business Post reports that the improvement witnessed at the alternation bourse

By Investors Hub Most Asian stocks rose on Monday after data showed Japanese export growth accelerated in November and top U.S. Republicans said they expect Congress to pass a tax code overhaul. The legislation will reduce corporate as well as individual tax rates and is intended to boost growth in the world’s largest economy. China?s Shanghai Composite Index inched up 2.19 points or 0.1 percent to 3,268.33, while Hong Kong’s Hang Seng Index climbed 202.30 points or 0.7 percent to 29,050.41. House prices in majority of the Chinese cities increased in November, figures from the National Bureau of Statistics showed.

By Emeka Ngene The relationship between the fintech industry and the financial markets is a symbiotic one in that they both stand to gain tremendously from each other. Fintechs in Nigeria primarily need the capital market for capital mobility. However, most of the Fintechs in Nigeria are startups, and the capital market generally favours investing in already established companies that have a performance history and proof of concept. The capital market as it is currently will require some rescoping that will grant access to companies that have proof of concept so that even without a deep enough performance history, it

By Aduragbemi Omiyale If urgent steps are not taken, Nigeria’s telecommunications industry, believed to be worth about $75.6 billion, could be at risk because of the widening skills gap. This was the submission of a renowned telecoms policy enthusiast, Mr Omobayo Azeez, at the just-concluded second edition of the Nigerian Telecommunications Indigenous Content Expo (NTICE 2023) organised in Lagos by the Nigerian Communications Commission (NCC). In his keynote address on Bridging Skills Gap to Accelerate the Indigenous Telecoms Development, Mr Azeez argued that the rising skills gap in the country was becoming a challenge to the sector. He posited that

By Modupe Gbadeyanka Commercial banks operating in the country have been accused of violating rules guiding international money transfer inflows into the country. The Central Bank of Nigeria (CBN), which made this allegation via a circular to banks, warned those involved in the unlawful act to desist from it or risk being sanctioned. In the circular titled ‘Illicit International Money Remittances Through The Banking System’, the apex bank said it “observed that some Deposit Money Banks (DMBs) are operating accounts either as companies or companies masking themselves as individuals for the purpose of illegally receiving money transfer flows into the

Forex prop trading, or proprietary trading, offers skilled traders in Nigeria the opportunity to trade with the backing of a funding account provided by prop firms. With the growing number of prop traders in Nigeria, prop firms have become an attractive option for those with limited capital. Traders Union experts explained what beginner traders should know about Forex prop trading in Nigeria. Why Prop Trading is a Good Idea in Nigeria According to Traders Union experts, prop trading in Nigeria offers several advantages for skilled traders: Higher Profit Potential: Prop firms allow traders to leverage increased capital, leading to higher

Thrombosis, more commonly known as blood clotting, is a dangerous and life-threatening condition. Globally, one in four people die from conditions caused by thrombosis, making it a leading cause of death worldwide. Concerningly, with technological advances and shifting work patterns, many of us lead increasingly sedentary lifestyles, increasing our risk of thrombosis. Do you sit at a desk for work or enjoy sitting watching TV in the evening? You could be at high risk. This is because when we sit for long periods of time, it enables pooling of blood in the veins, leading to clot formation, known as deep