Tinubu Chooses Gbajabiamila as Chief of Staff, Akume as SGF

By Modupe Gbadeyanka The appointment of Mr Bashir Gwandu as the executive vice chairman and chief executive of the National Agency for Science and Engineering Infrastructure (NASENI) has been terminated. This action was taken by President Bola Tinubu, a statement from the president’s spokesman, Mr Ajuri Ngelale, disclosed on Friday. It was disclosed that Mr Gwandu would now be replaced by a 32-year-old innovator and technology expert, Mr Khalil Suleiman. He is expected to serve for an initial term of five years as stipulated in the NASENI Act, a part of the disclosure this evening stated. “President Bola Tinubu on

By Modupe Gbadeyanka Two directors have been appointed to the leadership team of Airtel Nigeria, with an expectation that the appointees will bring about a new era of innovation and growth within the business. The appointed persons are Ms Kemi Ariyo as the new Director of Information and Technology and Mr Harmanpreet Singh Dhillon as the Director of Network Transformation and Planning. The chief executive of Airtel Nigeria, Mr Carl Cruz, while commenting on the appointments, said the notably experienced Ms Ariyo would play a pivotal role in driving Airtel Nigeria’s digital transformation efforts and the company is pleased to

By Modupe Gbadeyanka A seasoned media, entertainment, and technology leader, Mr Alex Okosi, has been appointed as the Managing Director for Google in Africa. The appointment of Mr Okosi was announced on Tuesday, September 5, 2023, in a statement issued by the renowned search engine platform. He would be expected to lead the operations of Google on the continent, which boasts nearly two billion people. Google has been operating in Africa for over a decade and has offices in Ghana, Kenya, Nigeria and South Africa. The company’s products and services are used by millions of people in Africa every day.

By Bliss Okperan The Kogi State Governor, Mr Yahaya Bello, has ordered the immediate removal of his Special Adviser on Stakeholders Relations, Mr Anthony Ogah. A statement issued on Monday by the Secretary to the Government of the state, Ms Folashade Ayoade, confirmed this development, though it did not state the reason surrounding the sacking of the Governor’s aide. However, it was disclosed that the termination of Mr Ogah’s appointment was with effect from Sunday, September 24, 2023. He has been directed to submit all government items. “In light of this press release, Mr Anthony Ogah is instructed to promptly

Leading consumer finance company, Zedvance, has restated its commitment to provide support for quality education in Nigeria; urging parents, guardians, teachers and proprietors to take advantage of its Back-to-School offerings. According to the Chief Operating Officer of Zedvance, Jerry Osagie, the company is providing parents, guardians and teachers easy access to loans ranging between N50,000 and N5million with a flexible repayment regime of up to 18months at very competitive rates. “We are committed to promoting of[JO1]  quality education and financial inclusion in Nigeria. As a customer-centric brand, we pay attention to the yearnings and aspirations of our customers. Based on

By Adedapo Adesanya  The market capitalisation of the NASD Over-the-Counter (OTC) Securities Exchange recorded a record rise of N11.43 billion on Monday, October 26. This 2.16 per cent jump left the total value of securities on the exchange to close at N541.19 billion in contrast to N529.76 billion it finished at the last session. The appreciation was influenced by the spectacular performance in the equities of FrieslandCampina WAMCO Nigeria Plc. Stocks of the milk-producing company rose by 9.35 per cent or N11.71 on Monday to close at N137 per unit compared with the previous N125.29 per unit. This propelled the

By Dipo Olowookere There is anxiety among students who participated in the 2017 Cowbellpedia Secondary School Mathematics Qualifying Examination as they await release of the results on June 1, 2017. It was gathered that a total of 51,018 students sat for this year’s stage one of the 2017 Cowbellpedia Secondary Schools Mathematics TV Quiz Show. Further analysis of the enrolment shows a total of 26,057 candidates in the Junior Secondary School category while the Senior Secondary School category recorded a total of 24,961 candidates. Also the number of online candidates’ registration increased from 19,604 to 32,096 in 2017 which is

By Dipo Olowookere A banking analyst with Lagos-based Chapel Hill Denham, Aderonke Akinsola, has disclosed that the present coronavirus pandemic could make banks in Nigeria struggle with poor asset quality in the 2020 financial year. Akinsola made this disclosure to Bloomberg during a phone chat on the impact of the fast-spreading disease on the nation’s economy. On Thursday, Nigeria confirmed fresh four cases of the COVID-19, a day after five new case were announced, bringing the total number of people infected with the virus to 12. Speaking with Bloomberg, Akinsola said the present conditions “pose downside risks to the profitability

By Dipo Olowookere The Central Bank of Nigeria (CBN) on Tuesday announced the retention of the benchmark interest rate at 13.5 percent. Governor of the CBN, Mr Godwin Emefiele, made the announcement this afternoon in Abuja after the end of the two-day Monetary Policy Committee (MPC) meeting, which started on Monday. Mr Emefiele explained that the Monetary Policy Rate (MPR) rate was unanimously left unchanged by the committee in order to monitor the recent steps taken by the apex bank. Last Monday, the apex bank announced the release of N50 billion intervention fund to support the economy. Two days later,

By Adedapo Adesanya The Premier League has secured approval in principle for a three-year renewal of its £5 billion TV broadcast rights deal with partners in the United Kingdom. The deal with Sky Sports, BT Sport, Amazon Prime and the British Broadcasting Corporation (BBC), which would extend the current rights arrangements for another three years, is subject to parliamentary approval and any opposition to the proposed plans needs to be made by May 28. In a statement, the Premier League said: “The UK renewals for the next broadcast cycle – from seasons 2022/2023 to 2024/2025 – will be concluded at

By Modupe Gbadeyanka Transactions on the floor of the Nigerian Stock Exchange (NSE) ended on a negative note on Tuesday, bringing an end to the three-day positive momentum at the market. Business Post reports that investors embarked on profit taking today and this left the stock market going down by 0.52 percent at the close of trading activities. The All-Share Index (ASI) reduced today by 192.53 points to close at 36,600.07 points, while the market capitalisation depreciated by N67 billion to settle at N12.74 trillion. The market breadth, which measures investors sentiments, closed bearish on Tuesday with the stock market

By Adedapo Adesanya An improvement in the crude oil output in Nigeria has eased the pressure on the Naira against its peers in the foreign exchange (forex) market, Business Post reports. Nigeria, which mainly depends on the sale of oil for FX earnings, has struggled lately with revenue as a result of the stealing of the commodity. This has put a strain on the external reserves and has made it difficult for the country to meet its forex demands. But the latest development showed that the crude oil production had improved significantly in the past month, as the country now