Oritsejafor Holds Mentorship Class for CEOs Saturday

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 Modupe Gbadeyanka From January 1, 2024, Mr Stephen Onaivi will take charge of mediaReach OMD Nigeria as the new Managing Director following the approval of his appointment by the board of the organisation. He was chosen for the position after working as the MD of OMD Ghana, where he contributed to developing a multi-disciplinary, forward-looking media and advertising industry and serviced an array of national, multinational, and regional clients. In his new role, Mr Onaivi will drive the OMD brand across West and Central Africa to enhance client value and ensure the seamless integration of OMD values, technology, and

By Modupe Gbadeyanka President Bola Tinubu has appointed Mr Felix Omatsola Ogbe as the new Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB). A statement issued on Thursday by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, said the appointment of Mr Ogbe aligns with Sections 71(1), 72, and 73 of the Nigerian Oil and Gas Industry Content Development Act (2010). The new executive scribe of the agency will replace the former occupier of the position, Mr Simbi Wabote, who had headed the management team of the organisation since 2016. Business Post

By Aduragbemi Omiyale Members of the Finance Houses Association of Nigeria (FHAN) have elected the founder of DLM Capital Group, Dr Sonnie Babatunde Ayere, as their president. FHAN is the umbrella and self-regulatory body of all finance companies licenced by the Central Bank of Nigeria (CBN) to operate in the country. The group was formed on April 11, 1989, as a professional trade group to advance the business interests of its members, currently at 102, institute sound and ethical corporate governance practices, maintain a standard of conduct for operators, and ensure members’ compliance with statutory regulatory requirements. At the election

By Modupe Gbadeyanka The unaudited financial statements of Honeywell Flour Mills Plc released to the Nigerian Stock Exchange (NSE) on Tuesday showed an impressive performance. The financial results released by the flour miller today is for the third quarter ended December 31, 2017. A breakdown of the statements showed that the firm posted profit after tax of N2.8 billion compared with N1.3 billion achieved in the same period of 2016. Business Post reports that the company’s revenue grew to 54.7 billion from N38 billion, while the gross profit increased to N12.6 billion from N11 billion achieved in the corresponding period

By Adedapo Adesanya Honeywell Flour Mills Plc has released its first quarterly report for the period ended June 30, 2019, and the figures showed that the company recorded a 6 percent profit after tax when compared with its Q1 2018. The PAT rose from N102 million to N108 million, while the profit before tax to N135 million from N127 million. The company, despite the troubles caused by the Apapa gridlock in Lagos, managed to improve its revenue, which surged by 7 percent to N19.0 billion in Q1 2019 from N17.7 billion recorded in Q1 2018. Cost of sales increased for

By Dipo Olowookere Presidential candidate of the opposition Peoples Democratic Party (PDP), Mr Atiku Abubakar, has confirmed that his son has tested positive for the ravaging coronavirus disease. As at Sunday, March 22, 2020, the federal government confirmed that 30 persons have been infected with the pandemic in Nigeria after eight new cases were recorded yesterday, most of them had travel history to highly affected countries in Europe and the United States. Out of the 30 cases, two have recovered, with no single death. The politician, who had before now asked government of the ruling All Progressives Congress (APC) to

By Modupe Gbadeyanka As part of its commitments to the promotion of the rich cultural heritage of the country, Nigeria’s most innovative banking service provider, Heritage Bank Plc, has partnered with Yibo Koko in association with Bolanle Austen–Peters Productions to showcase some of nation’s cultures to the world through presentation of a dance drama known as Seki in Lagos. The event which held at the popular Terra Kulture Arena was graced by members of the diplomatic corps, bank officials and lovers of arts and it featured notable celebrities like Hilda Dokubo, Monalisa Chinda Coker, Ibinabo Fiberisima, Julius Agwu, Ovunda Ihunwo,

By Modupe Gbadeyanka The third Investing in Africa Forum (IAF) saw the launch of a thought-provoking report on propelling the economy, called ‘Leapfrogging Through Innovation.’ Prepared by the World Bank and China Development Bank, the report discusses opportunities to scale-up innovation in various economic sectors in Africa. The annual Forum took place in Dakar this year, where it was hosted by the Government of Senegal, Chinese Ministry of Finance, China Development Bank, and the World Bank Group. “We couldn’t have found a better topic for a continent aspiring for emergence. On the path to emergence, we must give ourselves the

By Investors Hub The major U.S. index futures are pointing to a lower opening on Wednesday, with stocks likely to give back ground following the strength seen in the previous session. The downward momentum on Wall Street comes amid concerns about President Donald Trump?s legal woes after his former personal lawyer Michael Cohen pleaded guilty to campaign finance violations and other charges, and Paul Manafort, Trump’s former campaign chairman, was found guilty on five counts of tax fraud. After a positive start to the day, the major averages advanced further around midday before running out of steam. Despite the lackluster

By Dipo Olowookere Last Friday, Diamond Bank Plc finally released its audited financial statements for the year ended December 31, 2017. The results fell short of what the market was expecting and investing public did not hide their feelings about this. At the close of transactions on the floor of the Nigerian Stock Exchange (NSE) on Friday, the stock suffered 5 percent loss. A look at the 2017 earnings of Diamond Bank, a tier-two lender in Nigeria, showed that it recorded a loss before tax of N11.6 billion compared with the profit before tax of N3.4 billion it achieved in

By Ahmed Rahma Plateau State government has declared that it was planning to generate the sum of N21.6 billion as Internally Generated Revenue (IGR) for the year 2021. This was made know by the Chairman of the Plateau State Internal Revenue Service (PSIRS), Mr Dashe Arlat, on Wednesday. At the press briefing in Jos, Mr Arlat disclosed that the agency has adopted a strategy called Explosive Revenue Drive 2021 to meet this revenue goal. He further stated that PSIRS will embark on massive taxpayers registration, increased revenue assessment, taxpayer representatives approach, collecting agent and revenue agent registration among others. According