Obaseki Appoints Inneh as Tax Boss

By Adedapo Adesanya President Bola Tinubu has announced the reappointment of Mr Mele Kolo Kyari as the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited. This move comes as part of a larger reshuffle, where President Tinubu has unveiled a new board and management team for the NNPC Limited which will commence their duties from December 1, 2023. Mr Kyari’s reappointment comes after recent calls to have him sacked. Having spent four years under the immediate past administration of Mr Muhammadu, the renewed appointment shows the current government has confidence in his ability to steer the

By Precious Olisa The federal government has threatened to stop paying salaries of unidentified workers on its payroll, saying it was determined the loopholes in the civil service. The Head of Civil Service, Mrs Folashade Yemi Esan, confirmed this development, noting that it was to tackle the prevalence of ghost workers on the government’s payroll. She said the unverified employees of the government would be fished out with the implementation of the Human Resources (HR) software designed to capture accurate data of workers. According to her, the software will be implemented by the Integrated Personnel Payroll Information System (IPPS) in

By Precious Olisa The appointment of Mr Akutah Ukeyima as the Executive Secretary/CEO of the Nigerian Shippers’ Council (NSC) has been approved by President Bola Tinubu. The Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, confirmed the appointment of Mr Ukeyima in a statement signed on Wednesday. Mr Ngelale said the new chief executive of the NSC was recommended for the position by the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola. He also disclosed that another recommendation was the appointment of Mr Munirudeen Oyebamiji as the Managing Director/Chief Executive Officer of the National Inland

By Modupe Gbadeyanka Nigeria’s Minister of Finance, Mrs Kemi Adeosun, has explained the main reason she suspended Mr Mounir Gwarzo as the Director General of the Securities and Exchange Commission (SEC) last Wednesday. In a statement issued in Abuja on Friday, the Minister disclosed that the suspended regulatory chief was punished for allegedly trying to blackmail her. She, however, refuted reports that she punished the SEC boss for his refusal to stop the forensic audit of Oando Plc. Mrs Adeosun described such reports as totally “misleading and mischievous.” Mr Gwarzo was suspended last week by the Minister after insisting on

By Adedapo Adesanya The Nigerian government, through the National Primary Healthcare Development Agency (NPHCDA), in collaboration with the World Health Organization (WHO) and its partners, including Gavi The vaccine alliance, is intensifying various strategies to optimise Big Catch-up campaign to improve vaccination coverage across the country. In Nigeria, an estimated 6.2 million children missed receiving a single dose of their routine vaccines from 2019 to 2022 due to the COVID-19 pandemic. Speaking at the recently concluded stakeholders’ immunization meeting tagged Engagement with states on optimized outreach strategy, in Abuja, the Executive Secretary NPHCDA, Dr Faisal Shuaib, expressed optimism that with

By Investors Hub The major U.S. index futures are pointing to a higher opening on Monday, with stocks likely to see further upside following the higher close seen last Friday. The upward momentum on Wall Street comes as traders seem likely to continue to pick up stocks at reduced levels following recent weakness. Trading activity may be somewhat subdued , however, with a lack of major U.S. economic data likely to keep some traders on the sidelines. Following the sell-off seen last Thursday, stocks saw substantial volatility over the course of the trading session on Friday. The major averages showed

By Modupe Gbadeyanka The popular Jabi Lake Mall in Abuja has been shut down by the management over security threats, a statement from the company has confirmed. A few days ago, the United States and the United Kingdom governments issued a security alert to their citizens in Nigeria, warning that there could be attacks from terrorists. These warnings were rebuffed by the Nigerian government, which urged residents of the country to remain calm as their lives and property were in safe hands. On Wednesday, it was reported that two suspects were allegedly arrested at an estate in Abuja with explosives

Leading Chinese automaker, JAC, has expressed its intention to look into the Middle East and African markets to boost its sales. The company says it plans to focus on young, tech-savvy and style-conscious drivers in the two markets. This, Business Post learnt, brought about the launch of JAC’s S2 model SUV at the Cairo Automech auto show in March. With a stylish and sporty exterior, high-end specifications, outstanding off-road performance and reasonable price tag, the S2 is expected to repeat the sales success of the S3, which has sold over 300,000 vehicles globally since its release nearly two years ago.

By Adedapo Adesanya Nigeria, a member of the oil-producing countries under the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) led by Saudi Arabia and Russia, will increase its output for the next three months. The country, which is Africa’s largest crude producing nation, will join the 23-nation alliance to boost supply by not more than 500,000 barrels per day in May, June and July 2021. The decision comes amid expectations before the meeting that the bloc would err on the side of caution as fear over the third wave of COVID-19 pandemic spread across Europe. On Thursday,

As part of plans to create ease of payment and boost economic activities in major market clusters across the country, Ecobank Nigeria has taken its innovative digital payment solution, EcobankPay to the ancient town of Ikorodu, a Lagos suburb. This, the bank said is in its plan to create ease of payment and boost economic activities in major market clusters across the country. The bank designated the popular Bale market, Ikorodu as an EcobankPay zone Speaking at the launch, Executive Director, Commercial Banking, Carol Oyedeji restated the determination of the bank to ensure Nigerians get quality banking transactions and good