Tinubu Sacks Bashir Gwandu as NASENI CEO, Khalil Suleiman Takes Over

By Modupe Gbadeyanka The publisher of an online news platform, Per Second New (PSN), Mr Femi Oladapo Soneye, has been appointed as the Chief Corporate Communications Officer (CCCO) of the Nigerian National Petroleum Company (NNPC) Limited. The appointment of the veteran journalist was announced on Wednesday night by the state-owned oil agency, which said it looked “forward to his valuable contributions to our company.” The new spokesman will be in charge of the corporate communications of the NNPC, leading the organisation’s “corporate communications team and drive our brand penetration, strategic communications initiatives, and stakeholder management.” According to the statement, Mr

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 Adedapo Adesanya The Minister of Communications, Innovation, and Digital Economy, Mr Bosun Tijani, has disclosed that so far, about 550,000 applicants have indicated interest in the first phase of the government’s plan to train three million tech talents in Nigeria within two weeks of initiating the scheme. The Minister recently revealed that the training would be done in three phases, starting with the training of 30,000 persons in the next three months as dictated by the 1-10-100 model. “We are using a 1-10-100-model. We are starting with 1 per cent of our 3 million target, and that will be

By Aduragbemi Omiyale Mr Zikrullah Kunle Hassan has been removed as the Chairman and chief executive of the National Hajj Commission of Nigeria (NAHCON). A statement issued on Tuesday night by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, disclosed that Mr Hassan was sent on compulsory leave. It was disclosed that the NAHCON chief was asked to embark on a three-month pre-retirement leave from today, Tuesday, October 18, 2023. According to the statement, the action of President Bola Tinubu is in line with the Public Service Rule (PSR) 120243. Mr Hassan is due to

By Modupe Gbadeyanka In recognition of its position as Nigeria’s leading investment banking institution, Stanbic IBTC has won four awards in different categories in the 2018 Emeafinance African Banking Awards. The diadems: ‘Best Foreign Investment Bank,’ ‘Best Debt House’, ‘Best Equity House’ and ‘Best Loan House,’ were won through Stanbic IBTC Capital Limited, a member of the Stanbic IBTC Group. According to the organizers, the annual awards, now in its 11th edition, recognizes the achievements of the best commercial and investment banks as well as asset management and brokerage operations on the African continent. It particularly focuses special attention on

By Dipo Olowookere Barring any last minute change, President Muhammadu Buhari will next Wednesday present the much-awaited 2017 appropriation bill to the National Assembly. The presentation, according to reports, was earlier slated to take place on Thursday, December 1, 2016, but things changed and it was postponed to Wednesday, December 7, 2016. From indications then, the December 7 date was looking sacrosanct until the Senate President, Mr Bukola Saraki, announced a new date for this yesterday. While reading a letter received from President Muhammadu Buhari, the Senate President informed his colleagues that the President will now address a joint session

By Dipo Olowookere Plans are underway by the Edo State government to provide single-digit interest rate loans for entrepreneurs in the ‘Heartbeat of the Nation.’ This this part of the strategies Governor Governor Obaseki is putting in place to boost the economy of Edo State. Speaking during a meeting on Sunday with leaders of the All Progressives Congress (APC) from Edo South Senatorial District, in Benin City, the state capital, Mr Obaseki said apart from that, he would also establish production centres across the state that will share support infrastructure such as electricity, security and low-cost financing. He disclosed that

By Adedapo Adesanya The Lagos State Government has said the economic summit, Ehingbeti 2020, which is scheduled to hold from November 10 through 12, is targeting 100,000 participants. This plan was made known by the Commissioner for Economic Planning and Budget, Mr Sam Egube, who is also the co-chair of the event at a stakeholders’ conference and logo presentation in Lagos on Thursday. The summit, organised by the Lagos Economic Summit Group (LESG), is expected to provide a robust platform for deliberations on pragmatic optimisation of the inherent opportunities in Africa’s fifth-largest economy. It is also expected to offer perspectives

By Dipo Olowookere Outgoing Chairperson of the African Union (AU) Commission, Ms Nkosazana Dlamini Zuma, has congratulated the government and people of Cameroon, particularly the national soccer team, the Indomitable Lions, for claiming the 2017 Africa Cup of Nations (AFCON 2017) title. In a statement at the end of the hotly contested final match, Ms Dlamini Zuma wrote, “Congratulations to the Indomitable Lions of Cameroon for a spectacular AFCON 2017 victory.” The Cameroonian national soccer team emerged victorious against their Egyptian counterparts, the Pharaohs of Egypt, in the AFCON 2017 finals which took place in Libreville, Gabon, on 5 February

By Dipo Olowookere Group Chief Executive Officer of Ecobank Group, Mr Ade Adeyemi, has expressed his excitement towards the rate at which the financial institution was growing after a turbulent period caused by economic crisis in Nigeria. Reacting to the financial statements of the company for the year ended December 31, 2018, released on Thursday, the Ecobank chief said he was also happy with the value the bank has delivered to shareholders. While describing the 2018 performance as “remarkable in many ways,” Mr Adeyemi said efforts would be made to continue to achieve more successes. “Our financial performance in 2018

In the realm of cryptocurrency, where security and decentralization are paramount, the emergence of quantum computing presents a profound challenge. Quantum computers harness the strange principles of quantum mechanics to process information at speeds unimaginable to classical computers. While this technology holds promise for various scientific and computational breakthroughs, it also poses a significant threat to the security of existing cryptographic systems, including Bitcoin. In this article, we will explore the fundamentals of quantum computing, assess Bitcoin’s vulnerability to quantum attacks, examine quantum-resistant cryptocurrencies like QLC Chain, and contemplate the future implications of this evolving landscape. Want to learn more

By Ahmed Rahma The Independent National Electoral Commission (INEC) on Friday explained its inability to create new electoral constituencies. The explanation was given in a statement issued in Abuja by the National Commissioner and Chairman of its Information and Voter Education Committee, Mr Festus Okoye. The electoral umpire, which said it was responding to recent reports regarding its responsibilities in the division, revision and adjustment of electoral constituency boundaries in Nigeria, noted that while the division of the country into electoral constituencies for Senate, House of Representatives and State Houses of Assembly was its responsibility, once they are established, subsequent