NW Tech Capital Appoints Stella Damasus to Help Boost African Expansion

By Modupe Gbadeyanka The publisher of an online news platform, Per Second New (PSN), Mr Femi Oladapo Soneye, has been appointed as the Chief Corporate Communications Officer (CCCO) of the Nigerian National Petroleum Company (NNPC) Limited. The appointment of the veteran journalist was announced on Wednesday night by the state-owned oil agency, which said it looked “forward to his valuable contributions to our company.” The new spokesman will be in charge of the corporate communications of the NNPC, leading the organisation’s “corporate communications team and drive our brand penetration, strategic communications initiatives, and stakeholder management.” According to the statement, Mr

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 Adedapo Adesanya The Senate on Tuesday confirmed the nomination of Mr Zacch Adedeji as the Chairman of the Federal Inland Revenue Service (FIRS). Mr Adedeji, who appeared at the upper chamber for his screening today, revealed his plans to improve the nation’s revenue, referring to the dearth of information in the oil and gas sector. The FIRS boss promised that most of the leakages would be halted. According to him, the core problem in the country is that of proper data, adding that developing data upon which decisions will be made is fundamental. He explained that this would enable

By Modupe Gbadeyanka Mr Olasupo Olusi has been appointed by President Bola Tinubu as the new Managing Director and Chief Executive Officer of the Bank of Industry (BoI). He is to replace the former occupier of the seat, Mr Kayode Pitan, who resigned from the lending institution for small and medium-sized business owners in the country. In a statement issued by his aide on Media and Publicity, Mr Ajuri Ngelale, the President tasked the new BOI chief executive to ensure that Nigerians, who are operating all sizes of enterprises across sectors, are given fair and equitable access to much-needed support

By Lerisha Naidu, Angelo Tzarevski, Sphesihle Nxumalo and Zareenah Rasool Baker McKenzie’s latest Africa Competition Report 2022 provides a detailed analysis and overview of recent developments in competition law enforcement and competition policy in 32 African jurisdictions and regional bodies. The report outlines how, over the past two years, African competition regulators have actively engaged in efforts to address pandemic-related challenges, but there has also been a general upward trend in competition policy enforcement across the continent. This trend is highlighted by a number of significant recent developments in competition law regulation across the continent. Countries and regions with recent

By Dipo Olowookere Recently, the federal government said as part of its efforts to support business owners in the country, it would register businesses of entrepreneurs for free. The gesture is part of the survival fund created to cushion the harsh effect of COVID-19 on business owners. The initiative is specifically targeted at micro and small entrepreneurs, artisans, craftsmen/women (one or more persons) that are yet to formalise their businesses. The federal government said the free registration is for 6,606 people in each of the 34 states while Abuja, Lagos and Kano will have 7,906, 9,084 and 8,406 respectively. Business

By Modupe Gbadeyanka A popular actor in the Nigerian movie industry, otherwise known as Nollywood, Ernest Asuzu, has died after he slumped on Tuesday evening. President of the Actors Guild of Nigeria (AGN), Mr Emeka Rollas, who confirmed the death of his colleague, explained that Mr Asuzu gave up the ghost on his way to the hospital. According to the leader of the actors’ group in the country, the famous ‘gangster’ role interpreter slumped and was being taken to a medical facility but could not make it there. “Yes, Ernest Asuzu is dead. I am trying to reach his wife

By Dipo Olowookere President Muhammadu Buhari has directed the Ministry of Finance to immediately release the sum of N22.68 billion for the payment severance package of former workers of the defunct Nigeria Airways Limited. This is 50 percent of the N45 billion earlier approved by the Federal Executive Council (FEC) on September 20, 2017 for the pensioners. Minister of Finance, Mrs Zainab Ahmed, in a statement issued on Monday, September 24, 2018, disclosed that the President also approved the release of N20 billion requested by the Academic Staff Union of Universities (ASUU) for the revitalization fund of public universities. Business

By Dipo Olowookere The Nigerian Air Force (NAF), in furtherance of its humanitarian support to victims of the Boko Haram insurgency, has established another field hospital to cater for the healthcare needs of Internally Displaced Persons (IDPs) in Bama. The latest facility makes the second field hospital to be established by the NAF in Borno State to cater for IDP needs, with the first being in the Dalori IDP Camp. The Bama IDP Camp, before now, had been in dire need of additional medical facilities as the only medical outfit established by UNICEF was already overstretched and lacking the requisite

By Modupe Gbadeyanka One of the leading lenders in the country, Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has raised the bar in financial literacy education while commemorating this year’s Financial Literacy Day 2018 as part of activities lined up to mark the Global Money Week 12 – 18 March, 2018. The bank moved the full apparatus of its mobile ATM van from Lagos to Ibadan Grammar School, one of the 31 allocated schools across the country where senior executives of the bank including its chief executive made presentations to students on financial literacy. Chief Executive of

By Adeniyi Ogunfowoke Many of us use our smartphones to download all kinds of apps. The shortcoming here is that you don’t know if these apps are original or not. In fact, fake apps can make your phone vulnerable to hacking. So, before you download the next app, Jumia Travel share tips that can help you identify fake apps. You are encouraged to download the apps on the Google play store. Research the developer There are thousands of apps that are free to download. Before you download the app, you should do a bit of research about the developer. That

By Adedapo Adesanya The Naira depreciated against the US Dollar in the Investors and Exporters (I&E) window of the foreign exchange market on Wednesday, May 10, trading at N463.02/$1. According to data obtained from FMDQ Securities Exchange, this indicated that the local currency recorded a 77 kobo or 0.17 per cent loss as it was transacted on Tuesday at the spot market at N462.25/$1. It was observed that the Nigerian currency came under pressure yesterday as a result of a significant increase in the demand for forex at the official market. The turnover for the trading session was $178.68 million,