NNPC Rejigs Key Senior Management Staff

By Bliss Okperan The Kogi State Governor, Mr Yahaya Bello, has ordered the immediate removal of his Special Adviser on Stakeholders Relations, Mr Anthony Ogah. A statement issued on Monday by the Secretary to the Government of the state, Ms Folashade Ayoade, confirmed this development, though it did not state the reason surrounding the sacking of the Governor’s aide. However, it was disclosed that the termination of Mr Ogah’s appointment was with effect from Sunday, September 24, 2023. He has been directed to submit all government items. “In light of this press release, Mr Anthony Ogah is instructed to promptly

By Adedapo Adesanya President Bola Tinubu has nominated Ms Jamila Bio Ibrahim to serve as the Minister of Youth and Mr Ayodele Olawande as the Minister of State for Youth. These nominations indicate a separation of the ministry, which used to be joined with the Ministry of Sport in the previous administration of President Muhammadu Buhari. In a statement signed by Mr Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, on Sunday, it was emphasised that the nominees would have to undergo screening at the Senate for confirmation. Upon confirmation by the Mr Godswill Akpabio-led parliament,

By Adedapo Adesanya President Bola Tinubu has appointed Mrs Bisoye Coker-Odusote as the acting Director-General/CEO of the National Identity Management Commission (NIMC), a role that he will later transition into full-time and serve in for the next four years. In a statement from Mr Ajuri Ngelale, the Special Adviser to the President on Media & Publicity, on Tuesday, the President directed the current occupier of the seat, Mr Aliyu Abubakr Aziz, to embark on a 90-day pre-retirement leave, with effect from Thursday, August 24, 2023. It was revealed that this leave would lead to his eventual retirement from service on

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 An agreement has been signed between the Bank of Industry (BoI) and the federal ministry of finance to recover the N17.5 billion outstanding loans being owed by customers of the Nigeria Economic Reconstruction Fund (NERFUND). The BoI, which manages the fund, said it would adopt all legal means available to recover the bad loans for the government. Speaking after signing the deal, Managing Director of the bank, Mr Olukayode Pitan, said it was unfortunate that those who obtained the loan from NERFUND have failed to repay, making it difficult for others to enjoy the scheme. “Part of

By Kestér Kenn Klomegâh The historic gathering on Climate Change inside Africa clearly portrays efforts at spearheading towards finding sustainable solutions to existing challenges. But African leaders are still standing at a crossroads as they try hard to balance their geopolitical positions, this time with raising the needed funds for controlling the effects of climate change in Africa. The majority of these African leaders consistently barked at Westerners and Europeans for their excessive control, and frequent interference in their internal affairs and shouted over aspects of democracy, human rights and hegemony, and yet looked forward to their invaluable investment in

By Modupe Gbadeyanka The regular change in consumer behaviour has continued to give companies and their chief marketing officers (CMOs) racking their heads on the best ways to sell their products. This, according to McKinsey, has led to the need to regularly broaden the roles of marketing and the CMO. “Today, many chief marketers focus mainly on building brands, making advertising more effective, and perhaps market research. “Although these responsibilities aren’t going away, CMOs must address several other areas as well: leading company-wide change in response to evolving buying patterns, stepping up efforts to shape a company’s public profile, managing

**Rewards Outstanding Staff The Group Chief Executive Officer of Zedcrest Capital Limited, Mr Adedayo Amzat, has stated that the company was poised to ride the crest of financial services by expanding its operations in all the four financial market offerings in the Nigerian market space. Mr Amzat made this known at the company’s End of Year Party & Awards Night held recently in Lagos. He said the company has concluded plans to set up two business lines that would become operational this year apart from the desires to increase its double-digit growth of existing businesses. Explaining his vision for the

By Adedapo Adesanya The United States government, through the US Agency for International Development (USAID), has signed a new private sector partnership with Emzor Food and Beverages Limited to combat malnutrition in Nigeria, where 3.6 million children suffer from Severe Acute Malnutrition (SAM), mainly in northern states. On Thursday, after the signing of the partnership between USAID and Emzor, both parties agreed to build a medical-grade groundnut paste processing facility, an essential ingredient in life-saving Ready-to-Use Therapeutic Food (RUTF), a treatment for malnourished children. This partnership highlights the private sector’s important role in addressing Nigeria’s most difficult development challenges, where

By Adedapo Adesanya Following a statement made recently by the World Bank President, Mr David Malpass, saying that development banks, including the African Development Bank (AfDB) and their lending policies were weighing heavily on Africa’s debt problems, the AfDB has fired a salvo, affirming that the remarks were inaccurate and not fact based. In a statement issued by the regional lender, it was reiterated that Mr Malpass not only impugned the integrity of the bank, but undermined its governance systems, and was wrong to imply that they operate under different standards from the World Bank. “The African Development Bank provides

By Dipo Olowookere Ahead of the second Africa Investment Forum (AIF) taking place in November this year, the African Development Bank Group (AfDB) will hold a crucial meeting with some business leaders in Abuja, on Monday, July 9, 2019. This meeting, which is being facilitated by the financial institution and the Africa Finance Corporation (AFC), is fixed for 8:30am at the prestigious Transcorp Hilton, Abuja, and is part of a roadshow to woo investors ahead of the forthcoming programme. AIF is the continent’s biggest investment marketplace for accelerated economic transformation and will take place from November 11-13, 2019 in Johannesburg,

By Adedapo Adesanya The Nigerian National Petroleum Corporation (NNPC) has said that Nigeria will start producing lesser crude and will now shift its focus on the production of more condensates. This disclosure, according to the body, was made by the Group Managing Director, Mr Mele Kyari during a webinar organised by oil giant, Seplat last week. Mr Mele said that the production of more condensates will help to balance its commitment to output cuts deal by the Organisation of the Petroleum Exporting Countries (OPEC) of which condensates are exempted. Condensates refer broadly to any type of oil that “condenses” into