Ogun Workers, Pensioners Happy with Amosun–HOS

By Aduragbemi Omiyale Mr Andrew Ikekhua has been authorised by the National Insurance Commission (NAICOM) to become the chief executive of NEM Insurance Plc. The astute insurance professional was appointed by the underwriter to lead its affairs, but needed the approval of the regulator. In a statement signed by the group head of its legal department, Ms Olajumoke Philip-Akede, NEM Insurance said the sector’s watchdog has given its nod, noting that the appointment became effective October 1, 2023. “We wish to notify Nigerian Exchange Limited, our esteemed shareholders, and the investing public of the appointment of Mr Andrew Ikekhua as

By Adedapo Adesanya  The Governor of Lagos State, Mr Babajide Olusola Sanwo-Olu, has sacked the General Manager of the Lagos State Traffic Management Authority (LASTMA), Mr Bolaji Oreagba. It was disclosed that Mr Oreagba was removed from office because of the various incidences of misdemeanours among staff of the traffic control agency. According to the Permanent Secretary in the Ministry of Transportation, Mr Olawale Musa, the Governor has appointed Mr Olalekan Bakare-Oki as the acting general manager of LASTMA with immediate effect to bring sanity into the organisation. Mr Musa explained that the new chief of LASTMA was favoured for

By Modupe Gbadeyanka A popular talk show host, Mrs Morayo Afolabi-Brown, has been appointed as the Managing Director of TVC Entertainment (TVCe). The channel is the entertainment subsidiary of the Lagos-based broadcast media platform, TVC Communications. Mrs Afolabi-Brown is the co-anchor of the famous morning show on TVC, Your View, which has won several awards. Confirming her appointment on Thursday, she said, “I am excitingly pleased to announce my recent appointment as the Managing Director of TVCe, the Entertainment Channel of TVC Communications. “This is a new chapter in my career. I am exceedingly grateful to the board for entrusting

By Dipo Olowookere Activities at the local bourse ended bearish on Friday, putting a halt to the bullish run since the beginning of this trading week. The Nigerian Stock Exchange (NSE) fell yesterday by 0.96 percent as profit taking activities returned, leading to losses recorded by 28 counters. At the close of business, Seplat led the losers’ chart after losing N23.90k of its share value to close at N711.10k per share. It was followed by Skye Shelter Fund, which depreciated by N5 to finish at N95 per share, and Dangote Cement, which went down by N3.40k to end at N235.80k

Founder of Interswitch Group, Mr Mitchell Elegbe, has advised business owners to identify problems in their environments and find ways to create solutions for them, noting that businesses earn more by solving real problems. Speaking on Thursday, November 28, 2019 during a Breakfast Chat series at the Co-creation Hub (CcHUB), Yaba, Lagos, Mr Elegbe stressed on the importance of identifying the reason for embarking on a business venture – to solve a problem or make money. He explained that to stand out in business, it is important to identify problems and develop solutions to them. He said: “The key is

By Modupe Gbadeyanka Budding singer, Okiemute Ighorodje, has been announced as winner of Project Fame West Africa Season 9. Ms Ighoredje beat five other finalists to clinch the coveted prize of the competition. The young lady is now N5 million richer and also now has an SUV to herself as part of the grand prize given to her as winner of the show. Also, she will be given a music contract worth millions of Naira. Ms Ighoredge defeated Elizabeth, Pere, Kitay, Winner and Dapo to emerge winner of the music talent hunt competition sponsored by MTN. She was unveiled on

By Dipo Olowookere One transaction that caught the interest of stakeholders in recent time is the merger between Diamond Bank and Access Bank. What started as a rumour in late 2018 and then metamorphosed into denials by both parties has now finally into a reality. Last week, the court eventually legalised the process of the two financial institutions becoming a single entity. Some weeks ago, Business Post reported that managements of the two banks had agreed to have a new identity, which will reflect the two brands. A moment ago, a source who claimed to be in the know of

By Ashemiriogwa Emmanuel The Nigerian Exchange (NGX) Limited has said it sees the advent of financial technology (fintech) in the country as a potential partner to capital market infrastructure providers in building a digital economy. This was disclosed by the Chief Executive Officer of NGX, Mr Temi Popoola, during the 2021 Chartered Institute of Stockbrokers national workshop held recently in Abuja. Represented by the Divisional Head, Trading Business at NGX, Mr Jude Chiemeka, he noted that fintech companies focus on specified products and services, automating and commoditizing high margin processes, and strategic use of data which brings about transformation in

By Dipo Olowookere The Nigerian Stock Exchange (NSE) started the year 2020 on a positive note after it appreciated by 0.10 percent on the first trading day of the decade on Thursday. Business Post observed that the local bourse was looking like it would kick off the year on a wrong foot, but stocks in the insurance space came to the rescue, closing as the only sub-sector of the exchange that ended strong by appreciating by 0.97 percent. The energy sector lost 5.01 percent, industrial index depreciated by percent, banking index declined by 0.39 percent, while the consumer goods sector

By Adedapo Adesanya  Major oil prices dropped into the second consecutive day on Tuesday after losing most of its gain as weak Chinese industrial data slowed progress in the US-China trade deal. On Tuesday, expectations for a rise in the United States crude inventories and wane in optimism over a US -China trade deal saw oil prices drop further. During the trading session, price of the Brent crude oil went down by 12 cents or 0.2 percent to trade at $61.13 per barrel, while price of the West Texas Intermediate (WTI) crude lost 38 cents or 0.68 percent to sell at

By Dipo Olowookere In a new move designed to reduce price and ease logistics inherent in the purchase of its products, the management of Dangote Cement Plc has signed a pact with the foremost e-commerce platform, Jumia Nigeria, to offer for sale its cement to customers online. At the unveiling of the deal in Lagos, Dangote Cement, Key Account Director, Mr Chux Mogbolu said Dangote Cement was happy to partner with online shopping giant, in a bid to make Dangote cement available with ease to customers. According to the deal, Nigerians and corporate bodies wishing to purchase a minimum of