Transcorp Hotels Appoints Ojediran as Acting CFO

By Modupe Gbadeyanka A popular talk show host, Mrs Morayo Afolabi-Brown, has been appointed as the Managing Director of TVC Entertainment (TVCe). The channel is the entertainment subsidiary of the Lagos-based broadcast media platform, TVC Communications. Mrs Afolabi-Brown is the co-anchor of the famous morning show on TVC, Your View, which has won several awards. Confirming her appointment on Thursday, she said, “I am excitingly pleased to announce my recent appointment as the Managing Director of TVCe, the Entertainment Channel of TVC Communications. “This is a new chapter in my career. I am exceedingly grateful to the board for entrusting

By Adedapo Adesanya President Bola Tinubu has approved the appointment of three new Executive Commissioners to serve in the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). He also approved the redeployment of one current Executive Commissioner along with these three personnel who will take up their duties after their confirmation by the Nigerian Senate. The new executives are: Mr Bashir Indabawa — North West — Executive Commissioner, Exploration & Acreage Management Mr Kelechi Ofoegbu — South East — Executive Commissioner, Corporate Services & Administration (Redeployed) Mr Enorense Amadasu — south south — Executive Commissioner, Development & Production Mr Babajide Fasina —

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 Dipo Olowookere The free-fall of the Naira against the Dollar in the parallel market segment of the foreign exchange (FX) market continued on Monday morning. Business Post reports that in the unofficial market window, the Nigerian Naira crumbled against the greenback in the black market today by N67 or 5.81 per cent to quote at N1,220/$1 compared with last Friday’s value of N1,153/$1. One of the FX traders on the streets of Lagos, identified as Alhaji Isa, informed this newspaper that with the way things are going, the street value of the country’s legal tender could go as low

By Dipo Olowookere There was a sustained bargain hunting at the Nigerian Stock Exchange (NSE) on Tuesday, resulting into the 0.27 percent growth posted at the close of trading activities. This was boosted by gains recorded by 20 stocks, which overpowered the losses printed by 18 equities drawn from different sectors of the market. Business Post reports that the market capitalisation of the NSE increased yesterday by N48 billion to N13.242 trillion from N13.194 trillion, while the All-Share Index (ASI) grew by 67.28 points to 25,383.43 points from 25,316.15 points. Dangote Cement was the highest price gainer of the session,

By Adedapo Adesanya The Nigeria Employers’ Consultative Association (NECA) has appointed Mr Adewale Oyerinde as the Director-General of the association, effective on Monday, August 1, 2022. NECA’s President, Mr Taiwo Adeniyi, made this known in a statement on Sunday in Lagos. The position of Director-General became vacant following the demise of late Dr Timothy Olawale in September 2021. Mr Adeniyi said that Mr Oyerinde was expected to build on the legacies of professionalism and excellent service that the association was known for and take it to greater heights. Prior to his ascension, Mr Oyerinde was the Deputy Director and Head

By Adedapo Adesanya Oil prices dropped more than 2 per cent on Wednesday as reports said Saudi Arabia and the United Arab Emirates (UAE) were yet to reach a compromise that should unlock a deal to boost global oil supplies as the world recovers from the coronavirus pandemic. The Brent crude dropped 2.5 per cent or $1.93 to trade at $74.56 per barrel while the West Texas Intermediate (WTI) lost 2.8 per cent or $2.12 to settle at $73.13 per barrel. The premise came as Saudi Arabia and the UAE had reportedly agreed for the latter to increase its baseline

There are bankers and there are bankers, but the group managing director and chief executive officer of Polaris Bank Limited, Mr Adetokunbo Mukhail Abiru, is arguably one of the most successful bankers Nigeria has produced in recent times. Mr Abiru is a rare breed. We are familiar with individuals who take over bourgeoning establishments and further increase their worth on face value along the line. But it sounds like a fairy tale to have a professional who takes over a near-comatose organization and almost makes a corporate giant out of it. This has been the lot of the former Skye

By Adedapo Adesanya More Nigerians arrived from war-torn Sudan on Sunday, May 7, as the federal government airlifted them into the nation’s capital, Abuja. In all, over 800 Nigerians fleeing war-torn Sudan arrived in Abuja today. They were airlifted via Max Air, Azman and Tarco Airlines. On the ground to receive them at the airport are officials of the National Emergency Management Agency (NEMA), the Nigerians in Diaspora Commission (NIDCOM), as well as security officials. About 102 Nigerians came in onboard the Tarco Airlines that departed Port Sudan, and another 322 Nigerians onboard the Asman Air from Aswan, Egypt, while

By Dipo Olowookere The recent decline in the value of Naira at the foreign exchange (FX) market, especially at the unregulated segment, is becoming worrisome to the lower chamber of the National Assembly. On Tuesday, the matter was tabled before the green arm of the parliament by a member of the House representing Jere Federal Constituency, Borno State, Mr Satomi Ahmed, under a matter of urgent national importance. In his motion, which was seconded by Mr Idem Unyimen, he argued that if nothing was done to bring the situation under control, the nation may suffer for it. According to him,

By Adedapo Adesanya Oil prices fell on Wednesday, October 27 after industry data showed crude stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the United States, the world’s largest oil consumer. Brent crude oil fell by 2.67 per cent or $2.31 to trade at $84.09 per barrel after closing at the highest in seven years on Tuesday. The US West Texas Intermediate (WTI) futures depreciated by 2.35 per cent or $1.99 to $82.66 a barrel after gaining 1.1 per cent in the previous session. Crude oil prices retreated after the Energy Information Administration (EIA) reported