SoftBank Invests $6b in WeWork

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 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 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 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 It was a day of honour for Nigerian Breweries Plc on Sunday, November 26, 2017, when it recognised for its outstanding performance in the Consumer Goods Sector of the Nigerian economy at the 2017 Pearl Awards. The firm was presented with the 2017 Sectoral Leadership Award in the Consumer Goods Category (Breweries) at the event which held at the Grand Ball Room, Eko Hotel and Suites, Victoria Island, Lagos. Corporate Affairs Adviser of Nigerian Breweries Plc, Mr Kufre Ekanem, while commenting on the award, stated that, “We view this award as a recognition of our previous performances

By Adedapo Adesanya Trading closed on the floor of the NASD Unlisted Securities Exchange on Friday, August 7 with N2.4 million worth of securities exchanged. This indicated a 104.3 per cent day-to-day rise in the trading value when compared with the previous day’s N1.2 million. However, this did not help to lift the market, which closed in the flat territory yesterday at the close of business yesterday for the first time in five days. The NASD Unlisted Securities Index (NSI) remained unchanged at 706.07 points while market capitalisation recorded no movement to end at N518.65 billion. There were seven deals

By Dipo Olowookere Transactions on the floor of the Nigerian Exchange (NGX) Limited further finished stronger by 0.38 per cent on Wednesday on the back of sustained bargain hunting. This pushed the All-Share Index (ASI) higher during the session by 154.23 points to 41,051.19 points from the previous day’s 40,896.96 points and raised the market capitalisation by N80 billion to N21.391 trillion from N21.311 trillion. It was observed that the demand for banking stocks, especially GTCO, FBN Holdings and others contributed to the growth the market witnessed yesterday, leaving the sector closing higher by 1.40 per cent. The energy space

By Adedapo Adesanya WhatsApp, the messaging platform, has finally restored its operation after going down in Nigeria and around the world for more than an hour. The app suffered a network glitch, forcing many users, including Nigerians, to rush to Facebook and Twitter to complain over their inability to send or receive messages on the popular Meta-owned platform. After opening the app, users found that while they could still access their conversations, they were not receiving new messages or able to send any. A persistent message was showing for many users at the top of the app saying it was

By Dipo Olowookere Leading telecommunications company, MTN Nigeria Communication Plc has confirmed completing the N330 billion imposed on it by the Nigerian Communications Commission (NCC) in 2015. The last tranche of the fine, N55 billion, was paid by the telco on Friday, May 24, 2019, a statement posted on the website of the Nigerian Stock Exchange (NSE) said. Some days ago, NCC, the telecom industry regulator in the country, had said MTN Nigeria had till Friday, May 31, 2019 to finish payment of the fine. The company was fined in 2015 over its failure to disconnect unregistered SIM cards of

By Investors Hub Asian stocks rose on Monday as geopolitical tensions eased, commodity prices advanced and the latest jobs report showed the U.S. economy added the biggest number of jobs in over 1-1/2 years in February. Wages have lagged behind the growth in employment, helping ease investor fears over a faster pace of rate hikes by the Federal Reserve. Chinese stocks rose for a third day as easing trade war fears helped lift material stocks. The benchmark Shanghai Composite Index rose 19.16 points 0.6 percent to 3,326.33, while Hong Kong’s Hang Seng Index was surged up 598.12 points or 1.9

By Modupe Gbadeyanka To commemorate the 2021 International Day of Forests (IDF) with the theme Forest and Biodiversity, Keystone Bank Limited has partnered with the Nigerian Conservation Foundation (NCF) to plant 100 fruit trees. According to the Managing Director/CEO of Keystone Bank, Mr Olaniran Olayinka, this initiative aligns with the financial institution’s “sustainable living culture,” assuring that the company will “continue to collaborate and initiate exercises like this.” He, therefore, “called on individuals, corporate organisations and civil society actors to reflect on the state of Nigeria’s forests and the implication of losing such valuable heritage.” In his opinion, “Everyone should

By Adedapo Adesanya Activities of investors at the final session for the week drove exchange rate higher for the third consecutive day at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Friday, January 3, 2020. The Nigerian Naira depreciated to nearly N365 per Dollar at the session when the forex dealers could not get enough Dollars to meet the huge demand of customers. The short scarcity contributed to the local currency spiking to N364.98/$1 against the greenback at the window from N364.79/$1 it was exchanged at the same segment on Thursday. This indicated that the