SEC Denies Conducting Recruitment Exercise

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 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 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 FSDH Research The Nigerian equity market, as measured by the Nigerian Stock Exchange All Share Index (NSE ASI), depreciated by 12.42 percent as at the end of August 2019. Our analysis of the performance of the equity market so far in 2019 shows that the Index recorded the highest depreciation of 7.5 percent in July. FSDH Research notes that the declining crude oil price and fear of a possible global recession had negative impacts on the equity market. Despite the current bearish trend in the market, we spot opportunities in the equity market. The two stocks we highlight here

**Gains 0.20% at I&E By Dipo Olowookere The Nigerian Naira lost N3 against the Pound Sterling a day after the British Prime Minister, Mrs Theresa May, visited Nigeria, closing at N467 at the black market. Mrs May was in Nigeria on Wednesday as part of her three-nation tour of Africa comprising South Africa, Nigeria and Kenya. The British PM is looking to re-ignite trade ties with Africa as Britain plans to exit the European Union. Business Post reports that apart from the loss recorded against the Sterling yesterday, the local also lost N1 to the Euro at the black market,

By Adedapo Adesanya The Nigerian tech scene has finally got a response from embattled Chief Executive Officer of Flutterwave, Mr Olugbenga Agboola, on allegations bordering on financial impropriety, conflict of interest and s.ex.ual harassment. According to TechCrunch, Mr Agboola in an email to employees on Tuesday night, denied all allegations against him and the company by first an ex-employee, Mrs Clara Wanjiku Odero and a publication by a journalist, Mr David Hundeyin. He said, “The fact that the allegations of financial impropriety, conflict of interest and s.ex.ual harassment have been proved false or have already been reported, investigated and addressed

By Ashemiriogwa Emmanuel Following the fresh attack launched by some terrorists usually called bandits by on the Nigerian Defence Academy (NDA) on Tuesday, President Mohammed Buhari has said that the incident will lead to a decisive end to criminality in the country. The President, in a statement issued on Wednesday by his Special Adviser on Media and Publicity, Mr Femi Adesina, emphasised that the NDA attack would accelerate the total uprooting of evil in the state, which members of the Armed Forces of Nigeria (AFN) are determined to achieve in the shortest possible time. In the notice, President Buhari said,

By Adedapo Adesanya General Electric (GE) has announced plans to restructure its operations into three industry-leading, global, investment-grade public companies focused on the growth sectors of healthcare, energy, and aviation. In a statement on Monday, GE revealed that its healthcare business is to be named GE HealthCare; GE’s portfolio of energy businesses, including GE Renewable Energy, GE Power, GE Digital, and GE Energy Financial Services, will come together as GE Vernova; while its aviation business is to be named GE Aerospace. By creating three separate companies, each will benefit from greater focus, tailored capital allocation, and strategic flexibility to drive

By Adedapo Adesanya A total of 382 movies was produced by the Nigerian film industry, otherwise known as Nollywood, in the last quarter of  2021, up from 375 in the third quarter, indicating a 1.9 per cent growth quarter-on-quarter. This was disclosed by the National Film and Video Censors Board (NFVCB) in a statement signed by Mr Adedayo Thomas, Executive Director/CEO of the board. According to him, the figure was made available by the Department of Film Censorship and Classification of the board in its fourth-quarter report for the year, which captured all films submitted to the board from across

Choosing an ideal Forex broker is a crucial but often complex task, pivotal to achieving success in trading, whether for novices or experienced traders. Essential aspects to evaluate include the trading environment, fee structures, range of financial instruments, and account types. TU analysts compiled Full brokers list on tradersunion.com, using criteria such as the spread size, the array of trading tools supported, and the caliber of customer service. This extensive list guides traders seeking to make knowledgeable decisions, enhancing their likelihood of success in the Forex market. What is Forex trading all about? Traders Union underscores the crucial function of

By Dipo Olowookere Wema Bank Plc joined the rest of the world to commemorate the World Blood Donor Day (WBDD) on June 14, 2017, but it was not until Friday, June 30, 2017, that members of staff, who volunteered to donate blood, could do so at an event tagged Wema LifeSource; alluding to blood as the source of life. The event was held at the Lagos head office of the financial institution. Wema Bank partnered with the Lagos University Teaching Hospital (LUTH) for its blood donation drive (Wema LifeSource) which enjoyed participation by staff from all categories. Every year, WBDD