Magunda Replaces Ndegwa as MD/CEO of Guinness Nigeria

By Modupe Gbadeyanka A summer internship programme designed to give a learning opportunity to young talents has been introduced by a foremost digital bank, ALAT by Wema. The platform will be used to nurture future leaders, offering them hands-on experience that bridges the gap between academia and the corporate world. The Divisional Head of Brands, People and Culture at Wema Bank Plc, Ms Ololade Ogungbenro, while speaking of the initiative, said participants would gain invaluable insights into the dynamic banking industry while contributing to real-time projects that impact the country. Business Post gathered that the ALAT Summer Internship Programme is

By Modupe Gbadeyanka The appointment of Mr Bashir Gwandu as the executive vice chairman and chief executive of the National Agency for Science and Engineering Infrastructure (NASENI) has been terminated. This action was taken by President Bola Tinubu, a statement from the president’s spokesman, Mr Ajuri Ngelale, disclosed on Friday. It was disclosed that Mr Gwandu would now be replaced by a 32-year-old innovator and technology expert, Mr Khalil Suleiman. He is expected to serve for an initial term of five years as stipulated in the NASENI Act, a part of the disclosure this evening stated. “President Bola Tinubu on

By Modupe Gbadeyanka A seasoned media, entertainment, and technology leader, Mr Alex Okosi, has been appointed as the Managing Director for Google in Africa. The appointment of Mr Okosi was announced on Tuesday, September 5, 2023, in a statement issued by the renowned search engine platform. He would be expected to lead the operations of Google on the continent, which boasts nearly two billion people. Google has been operating in Africa for over a decade and has offices in Ghana, Kenya, Nigeria and South Africa. The company’s products and services are used by millions of people in Africa every day.

By Aduragbemi Omiyale The immediate past Director of Google West Africa, Ms Juliet Ehimuan, has been appointed to the board of directors of Zenith Bank Plc. Ms Ehimuan, who is also the founder and chief executive of Beyond Limits, will serve on the board of the tier-1 financial institution as a non-executive director. A statement from the lender on Tuesday disclosed that the appointment of Ms Ehimuan, which has been confirmed by the Central Bank of Nigeria (CBN), will take effect from August 29, 2023. In a statement to the Nigerian Exchange (NGX) Limited, Zenith Bank said the appointee has

By Modupe Gbadeyanka Nigeria will look to issue a debut diaspora bond by March to raise funds from Nigerians abroad, after completing a $1 billion Eurobond sale this month, a finance ministry source told Reuters on Wednesday. Nigeria is in its first recession in 25 years and needs to find money to make up for shortfalls in its budget. Low prices for crude and militant attacks in its crude-producing heartland, the Niger Delta, have slashed its oil revenues. It first announced plans to sell diaspora bonds in 2013 to raise between $100 billion to $300 million, but the government at

By Adedapo Adesanya The unlisted securities index of the NASD Over-the-Counter (OTC) Securities Exchange continued its stay in the positive zone on Thursday, May 4 after it appreciated 0.34 per cent or 2.44 points to wrap the session at 726.12 points compared with 723.68 points in the previous session. The improvement was driven by the upward movements in the share prices of two companies, which pressed down the loss reported by a price loser. During the session, Central Securities Clearing System (CSCS) Plc gained 87 Kobo to trade at N13.20 per unit versus Wednesday’s N12.33 per unit, Afriland Properties Plc

By FBNQuest Research While the core agenda of the FGN is to diversify the economy away from oil, in the short term it depends upon the industry for the generation of wealth and taxes. The outlook has improved with the authorities’ more conciliatory approach in the Niger Delta. The incidence of sabotage has declined, but not ended, and the authorities will now see what they have to deliver in addition to the restoration of allowances to the said militants. Output less condensates is said officially to be back near 1.8 mbpd. In July OPEC accepted a reported offer by the

By Modupe Gbadeyanka Two new licences, Payment Services Provider and Payments Facilitator, have been granted to leading payments technology company, Flutterwave, by the Egyptian authorities. A statement issued by the firm disclosed that these licenses would enable it to act as an official payment service provider in the country, collect payments on behalf of its customers and settle payments locally and globally. These licences will also allow the organisation to deploy Flutterwave for a business suite of products, including store, payment links, invoices, and checkout in Egypt. Flutterwave, as a result of these licenses, becomes one of the few payment

By Dipo Olowookere The Nigerian Customs Service (NCS) has maintained that it would go on with the planned crackdown on vehicle owners who failed to pay duties on their cars, despite having them registered by various government agencies involved in the registration process. Addressing a press conference on Wednesday, spokesman of the Customs, Mr Joseph Attah, said the grace period for vehicle owners to make the payment to avoid being embarrassed remains Monday, March 13 to Wednesday, April 12, 2017. He said points of payments with the exception of Lagos and Port Harcourt will now be the nearest Customs Area

By Dipo Olowookere The need for students to develop their passions and interests to guarantee a bright future has been emphasised by a Senior Consultant with Thistle Praxis Consulting, Emilia Asim-Ita. Speaking on Thursday in Lagos at this year’s edition of Beyond the School, an initiative of the Nigerian Breweries/Felix Ohiwerei Education Trust Fund, Asim-Ita stressed that students must focus on their abilities and talents in order to take advantage of opportunities in their chosen career. She maintained that career choice should be hinged on passion and advised participating students to read wide, cultivate mentors and ignore distractions. Asim-Ita, who

By Modupe Gbadeyanka The Nigerian local currency exchanged at N500 to the Dollar on the parallel market on Monday morning, Business Post reports. This comes amid the scarcity of Dollar in the foreign exchange market in Nigeria. According to report filed in by our correspondent, some forex operators interviewed in Lagos expressed fears that the Dollar may beyond N500 before the week of this week, possibly by N1 or N2. One of the operators at the Olugbede Model Market in Egbeda area of the state, who simply identified himself as Mr Adamu, informed our correspondent that there seems no end

By Modupe Gbadeyanka At least 40 million women-owned or women-managed businesses in the country will benefit from the Ellevate initiative of Ecobank Nigeria launched on Wednesday. Ellevate is a gender-based proposition for women-owned businesses to reduce gender inequality in entrepreneurship and aid equal representation for women in the formal business sector. Speaking at the unveiling of the scheme, the Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan, explained that the Ellevate product is part of Ecobank’s Group objective as the leading pan-African financial institution to drive financial integration and contribute to the economic development of the continent by deepening engagement