Taraba 2017 Budget to Capture Fresh Recruitments

By Aduragbemi Omiyale Mr Farooq Oreagba has been chosen by the board of directors of NG Clearing Limited as the new Managing Director/chief executive, subject to the approval of the Securities and Exchange Commission (SEC). He is replacing Mr Tapas Das, who occupied the office for three years and demonstrated exceptional leadership and strategic vision, driving NG Clearing to a phenomenal historical achievement of clearing the first exchange-traded derivatives contracts in West Africa. Under his guidance, NG Clearing developed a world-class clearing and settlement system that has successfully integrated with the key exchanges in Nigeria’s financial markets. A statement issued

By Adedapo Adesanya President Bola Tinubu has appointed Mr Olusesan Olufunso Adebiyi as the new permanent secretary for the State House, Abuja, following the exit of Mr Tijjani Umar, who served from April 5, 2020, until his retirement on August 10, 2023. Mr Adebiyi, a native of Ekiti State, previously held the position of Permanent Secretary in the Federal Ministry of Health. Born on January 8, 1968, in Kabba, Kogi State, he started his early education at St. Andrew Primary School Kabba before proceeding to Ekiti Parapo College, Ido-Ekiti, Ekiti State, where he obtained G.C.E O/Level in 1983 and then

By Modupe Gbadeyanka About 170 of the 200 graduate trainees of Flutterwave (85 per cent) have been absorbed into the organisation as full-time employees after the completion of their programme. The leading payments technology firm in August 2022 launched its Graduate Trainee (GT) scheme to nurture young talents seeking clear career growth opportunities in technology. Some days ago, a graduation ceremony was held in Lagos to celebrate the end of the rigorous 12-month-long paid traineeship scheme. The participants were put through technical and soft skills and practical experiences. “We are excited that our aim of giving 200 extremely bright young

By Adedapo Adesanya President Bola Tinubu has appointed Mrs Bisoye Coker-Odusote as the acting Director-General/CEO of the National Identity Management Commission (NIMC), a role that he will later transition into full-time and serve in for the next four years. In a statement from Mr Ajuri Ngelale, the Special Adviser to the President on Media & Publicity, on Tuesday, the President directed the current occupier of the seat, Mr Aliyu Abubakr Aziz, to embark on a 90-day pre-retirement leave, with effect from Thursday, August 24, 2023. It was revealed that this leave would lead to his eventual retirement from service on

By Modupe Gbadeyanka Transactions at the National Association of Securities Dealers (NASD) Over-The-Counter (OTC) Market finished on a positive note last week. Specifically, the Unlisted Securities Index (USI) appreciated by 1.13 percent at the close of business on Friday. Business Post reports that the NASD USI, which ended at 651.69 points penultimate Friday, closed last Friday at 662.89 points. In addition, the total market capitalization improved by 1.72 percent, closing higher at N448.60 billion compared with N441.02 billion it settled the previous Friday. An analysis of the price movement chart showed that Central Securities Clearing System (CSCS) Plc topped the

By Dipo Olowookere The Nigerian Nuclear Regulatory Authority (NNRA), the body responsible for regulatory oversight in the country, has received a pat on the back for measures put in place to ensure nuclear and radiation safety. This commendation came from an International Atomic Energy Agency (IAEA), which sent its Integrated Regulatory Review Service (IRRS) team to Nigeria on a 10-day mission to assess the regulatory framework for nuclear and radiation safety in the country. The team said it was impressed that Nigeria has a committed regulatory body that works for the continuous improvement of nuclear and radiation safety, but noted

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By Dipo Olowookere Khalifa University, organizers of the Mohamed Bin Zayed International Robotics Challenge (MBZIRC), have announced that the competition will take place from March 16 – 18, 2017 at the Yas Marina Circuit in Abu Dhabi, United Arab Emirates. The contest will inevitably take up a large area of the circuit since it will consist of three challenges and a triathlon type Grand Challenge. Challenge 1 will require teams to use an Unmanned Aerial Vehicle (UAV) to locate, track and land on a moving vehicle. This means that the UAV must be capable of locating the moving vehicle, navigating

By Ahmed Rahma A Swedish-Swiss multinational corporation, ABB, has called on governments and industries to accelerate the adoption of the technology to help combat climate change. ABB, which is headquartered in Zurich, Switzerland, revealed in its new whitepaper titled Achieving the Paris Agreement: The Vital Role of High-Efficiency Motors and Drives in Reducing Energy Consumption that there is the potential for significant energy efficiency improvements in industry and infrastructure, which can be enabled by the latest and most high-efficiency motors and variable speed drives. According to the President of ABB Motion, Morten Wierod, industrial energy efficiency has the single greatest capacity

By Modupe Gbadeyanka It is without doubt that the 2016 financial year was a rather challenging macroeconomic environment for many businesses to operate under. But despite this, Wema Bank continued to record improved performances, as its gross earnings in 2016 grew by 17.56 percent from N45.79 billion in 2015 to N53.83 billion. Similarly, its profit before tax (PBT) recorded a rise by 9.36 percent to N3.27 billion from N2.99 billion declared in 2015. Also, the financial institution’s profit after tax (PAT) saw an improvement by 13.66 percent to N2.59 billion against N2.27 billion in 2015. During the period under review,

By Adedapo Adesanya The Nigerian Institute of Shipping (NIS) and the National Association of Government Approved Freight Forwarders (NAGAFF) have applauded the decision of the federal government to reopen the nation’s land borders, noting that it would lead to increased market turnover as more goods will come into the country. Business Post had reported yesterday that four of the nation’s land borders have been opened 16 months after they were shut in August 2019 on grounds to curb smuggling of goods and weapons and also boost local production. Through the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed

By Modupe Gbadeyanka Asset Management Company of Nigeria (AMCON) has finally announced the new owners of Keystone Bank Limited. In a statement issued on Monday night, AMCON said the new owners of Keystone Bank are Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf–Riverbank consortium). “We are pleased to announce Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf–Riverbank consortium) as the new investors in relation to the acquisition of the entire issued and fully paid up ordinary shares of Keystone Bank Limited,” AMCON said. According to the statement signed by AMCON’s Head of