Nwuneli Leaves Nestle Nigeria Board

By Adedapo Adesanya President Bola Tinubu has approved the appointment of 20 Nigerians to serve as Federal Commissioners in the National Population Commission (NPC). According to a statement signed by Mr Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, nine current Federal Commissioners were appointed to a second term in office, while the 11 others are serving their first term. The list includes Mr Emmanuel Trump Eke — Abia, Mr Clifford Zirra — Adamawa — Reappointed, Mr Chidi Christopher Ezeoke — Anambra — Reappointed, Mr Isa Audu Buratai — Borno — Reappointed, Mr Alex Ukam —

By Modupe Gbadeyanka A veteran journalist, Mr Bayo Onanuga, has been appointed as the Special Adviser to President Bola Tinubu on Information and Strategy. A statement issued on Friday by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, said Mr Tinubu also appointed Ms Delu Bulus Yakubu as his Senior Special Assistant on Humanitarian Affairs and Poverty Alleviation. In the statement, the President wished his new aides “well in the discharge of their duties,” noting that their appointments were “part of efforts to prioritize effective and efficient working synergy between the Presidency and Federal Ministries.

By Modupe Gbadeyanka A leading oilfield equipment, structural steel, marine structures engineering, and fabrication company in West Africa, Dorman Long Engineering, has appointed Mr Chris Ijeli as its new Managing Director. The engineer by profession is expected to lead the organisation to its next frontier in the steel engineering and fabrication industry. With over 38 years of experience in project management and engineering, procurement, and construction (EPC) for oil and gas, manufacturing and heavy industry, he will undertake full responsibility for the leadership and development of Dorman Long’s operations across the continent. In his previous roles, Mr Ijeli successfully envisioned

By Adedapo Adesanya The Senate has officially confirmed Mr Adamu Aliyu as the substantive chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC). He was confirmed following a screening session at the plenary on Thursday, a day after President Bola Tinubu pleaded with the upper chamber to speed up his confirmation. The screening commenced at approximately 11:50 am following a request by Mr Bamidele Opeyemi to temporarily suspend specific Senate rules, permitting external individuals to enter the chamber. The Deputy Senate President, Mr Jibirin Barau, led the screening of Mr Aliyu, who was the Attorney General of

By Dipo Olowookere The overnight interbank lending rate rose sharply on Friday as a result of the outflows of about N126 billion from the sale of OMO bills by the Central Bank of Nigeria (CBN). Also the funding for retail foreign exchange (forex) by banks contributed to the spike recorded by the interbank rate. Business Post reports that yesterday, the overnight rate rose broadly to 17.67 percent from 5.75 percent on Thursday, while the Open Buy Back (OBB) rate jumped to 16.67 percent from 5.25 percent the previous day. It was gathered that treasury bills market was relatively flat on

By Adedapo Adesanya Nigerians will pay more for electricity from next year as reports show that the Federal Government (FG) through the Nigerian Electricity Regulatory Commission (NERC) has increased the tariff payable by electricity consumers across the country. According to various documents sourced from the NERC on Wednesday in Abuja, Business Post gathered that beginning from 2020, power consumers in Nigeria will have to pay an additional sum of between N8 and N14 for every kilowatt-hour of energy provided by their respective distribution companies (DisCos). The NERC documents showed that the tariff increase for each DisCo differs. The regulatory body

By Modupe Gbadeyanka The appointment of Prince Babatunde Adewale Ajayi from the Torungbuwa Ruling House as the new Akarigbo and paramount ruler of Remoland has been approved by the Ogun State Executive Council. A statement signed on Tuesday by Secretary to the State Government (SSG), Barrister Taiwo Adeoluwa, confirmed this development. The state government charged the new monarch to bring his wealth of experience as an accomplished professional to bear in his new role and also use the opportunity of his ascension to the exalted throne to further engender unity, cooperation and peace in his domain. Mr Ajayi was appointed

By Aduragbemi Omiyale A Lagos State High Court sitting in Ikeja has frozen the assets and funds worth N19.2 billion belonging to Mr Francis Atuche, a former Managing Director of the defunct Bank PHB Plc. The funds are domiciled in 24 different banks in Nigeria, including Citi Bank Limited; Ecobank Nigeria Limited; First Bank of Nigeria Plc; First City Monument Bank (FCMB); Globus Bank Limited; Fidelity Bank Plc; Keystone Bank Limited; Lotus Bank Limited and Mainstreet Bank Plc. Others are Polaris Bank Plc; Platinum Mortgage Bank Limited; Providus Bank Limited; Stanbic IBTC Nigeria Limited; Standard Chartered Bank; Sterling Bank Plc;

You might have seen many people compressing videos before downloading them. Some people consider it a waste of time, while some people do it with every video. Some people think that when they compress the video, they lose some data. It’s time to put all the misconceptions to rest and understand the reasons for video compressing. After knowing the advantages behind compressing video, if you want to perform the action, look for a suitable compress video tool. Negligible or lower costs Many people do not know that the cost of the uncompressed video is higher than the compressed video. When

By Aduragbemi Omiyale The management of Guaranty Trust Holding Company Plc’s (GTCO Plc) was on Tuesday, July 13, 2021, honoured with a closing gong ceremony at the Nigerian Exchange (NGX) Limited. The beat of the gong on the stock exchange signifies the closing of the day’s trading activities. This is done by respected persons and organisations in society. GTCO was privileged to beat the gong yesterday to mark the listing of its shares on the main floor of the exchange after the completion of all regulatory requirements for its corporate reorganisation into a holding company structure and the listing of

By Dipo Olowookere The Estée Lauder Companies has partnered with Jumia, the leading online retailer in Nigeria to launch for the first time three of the company’s brands – Clinique, Estée Lauder and Aramis. “With this new partnership on the Jumia platform, customers and beauty enthusiasts all over Nigeria can now access the premium products from Clinique, Estée Lauder and Aramis with the assurance of Jumia’s buyer protections. “Each of our visitors will enjoy country-wide delivery, 7-day free returns, and varied payment options including cash on delivery,” Jumia Nigeria CEO, Juliet Anammah, disclosed. According to the Country Manager for The

By Adedapo Adesanya Kamaru Usman, popularly known as the Nigerian Nightmare, defeated his Mexican contender, Jorge Gamebred Masvidal, on Sunday to retain his crown as the undisputed welterweight champion at UFC 251. The three judges for the fight unanimously found Usman better than his opponent and scored him 50-45, 50-45 and 49-46. The contenders held the bout at Fight Island in Abu Dhabi after challenger, Masvidal, took the fight on just six days’ notice after original contender Gilbert Burns was forced out of the battle when he tested positive for coronavirus. With this victory, Usman has now tied Georges St-Pierre’s