NCDMB/Chevron Complete Internship Programme for 7 Graduates

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 Two directors have been appointed to the leadership team of Airtel Nigeria, with an expectation that the appointees will bring about a new era of innovation and growth within the business. The appointed persons are Ms Kemi Ariyo as the new Director of Information and Technology and Mr Harmanpreet Singh Dhillon as the Director of Network Transformation and Planning. The chief executive of Airtel Nigeria, Mr Carl Cruz, while commenting on the appointments, said the notably experienced Ms Ariyo would play a pivotal role in driving Airtel Nigeria’s digital transformation efforts and the company is pleased to

By Aduragbemi Omiyale Mr Farooq Oreagba has been chosen by the board of directors of NG Clearing Limited as the new Managing Director/chief executive, subject to the approval of the Securities and Exchange Commission (SEC). He is replacing Mr Tapas Das, who occupied the office for three years and demonstrated exceptional leadership and strategic vision, driving NG Clearing to a phenomenal historical achievement of clearing the first exchange-traded derivatives contracts in West Africa. Under his guidance, NG Clearing developed a world-class clearing and settlement system that has successfully integrated with the key exchanges in Nigeria’s financial markets. A statement issued

By Modupe Gbadeyanka A firm established to help fix the global trade finance gap, Finverity, has disclosed that it is repositioning its brand and product offering for its next phase of growth. To achieve this, it has hired Mr Adam Ryan as its Chief Marketing Officer (CMO). He has been working with the leadership team at Finverity to build a brand and product suite that better reflects this purpose, as well as Finverity’s position at the leading edge of trade and SCF technology. Before now, Mr Ryan served as the CMO of Azimo, the global payments fintech, where he led

By Aduragbemi Omiyale The chief executive of the Nigerian Exchange (NGX) Group Plc, Mr Oscar Onyema, has expressed optimism that the policy direction of the current administration will attract investments into the country. Speaking at the 7th edition of the International Court of Arbitration (ICC) Africa Conference on International Arbitration in Lagos, he said the decision of President Bola Tinubu to remove the fuel subsidy, unify exchange rates and ensure that investors and foreign businesses repatriate their hard-earned dividends and profits home, will make nation’s economy witness more investment flows. Foreign transactions on NGX Limited have decreased by 38.5 per

By Modupe Gbadeyanka In preparation of the reopening of schools in the state this month, the Lagos Government has organised a training programme for administrators of educational institutions. The two-day capacity building workshop was on post-COVID-19 and classroom management for the school administrators and was put together by the Lagos State Universal Basic Education Board (LASUBEB). The programme, which was supported by the Universal Basic Education Commission (UBEC), had school managers, administrators, guidance counsellors and teachers in attendance. According to the Executive Chairman of LASUBEB, Mr Wahab Alawiye-King, the training was designed to further reinforce COVID-19 guidelines and regulations, psycho-social

By Lukman Otunuga Crude oil prices hijacked the financial market headlines this morning by rallying over $20. Prices soared at the open in Asia, with Brent charging higher to trade slightly above $139 a barrel before slipping back below $130. The sharp appreciation was triggered by reports over the weekend that the US administration could potentially ban Russian oil imports with its European allies. Such a move to squeeze supply in an already tight market could propel oil prices to the 2008 high of $147.50 and beyond. While such a move will most likely hurt the Russian and European economies,

By Investors Hub Asian stocks rose on Friday after U.S. shares extended their winning streak to five sessions overnight, shrugging off concerns over inflation and higher interest rates. Trading volumes remained light across Asia as markets in China, Hong Kong, Indonesia, Malaysia, Singapore and Taiwan remained closed for the Lunar New Year holiday. Chinese markets remain closed until February 21st. Japanese shares saw a relief rally after the government nominated Haruhiko Kuroda to serve a second five-year term as the head of the Bank of Japan, a signal that easy monetary policy will continue. The Nikkei 225 Index jumped 255.27

By Investors Hub European stocks have come under selling pressure on Thursday as the latest Federal Reserve meeting minutes rekindled fears of inflation and higher interest rates and the day’s economic releases disappointed investors. While the French CAC 40 Index is down by 0.5 percent, the German DAX Index is down by 0.8 percent and the U.K.?s FTSE 100 Index is down by 1 percent. Survey data from Ifo institute showed that the German business sentiment index fell more than expected to 115.4 in February from 117.6 in January. Separately, a government report showed the U.K. economy expanded by 0.4

By Dipo Olowookere The Nigerian Exchange (NGX) Limited found itself in the red territory on Tuesday following the 0.48 per cent loss it posted at the close of transactions. Selling pressure on insurance stocks contributed to the decline suffered by the equity market yesterday as the sector’s index went down by 1.75 per cent due to the decision of traders to offload NEM Insurance and other underwriting equities. The share price of NEM Insurance depleted by 10.00 per cent during the session to close at N4.05, as Chellarams lost 9.90 per cent to trade at N1.82. Champion Breweries crashed by

By Modupe Gbadeyanka In order to give investors more room to grow their wealth through investment in different financial tools, the Debt Management Office (DMO) is considering introducing more sophisticated debt instruments into the fixed income market in Nigeria. The Director-General of the agency, Ms Patience Oniha, dropped this hint during a two-day webinar to enlighten stockbrokers and investors about the fixed income market. On Wednesday, the event primarily focused on the dealing member firms, while Thursday was for members of the investing public. The programme was put together by the Nigerian Stock Exchange (NSE) in partnership with the DMO

By Adedapo Adesanya   Oil prices crashed on Thursday immediately after U.S President Donald Trump announced another round of tariffs on China. Mr Trump said he would put a 10 percent tariff on the remaining $300 billion worth of Chinese imports that, to date, have not been covered by the levies. The new tariffs, which the United States President said will take effect on September 1, come in addition to the existing 25 percent tariffs on $250 billion of imports. In other words, at the start of next month, just about everything the U.S. imports from China will be subjected