TVC News Anchor Mike Okwoche Quits After 11 Years

By Modupe Gbadeyanka Mr Olasupo Olusi has been appointed by President Bola Tinubu as the new Managing Director and Chief Executive Officer of the Bank of Industry (BoI). He is to replace the former occupier of the seat, Mr Kayode Pitan, who resigned from the lending institution for small and medium-sized business owners in the country. In a statement issued by his aide on Media and Publicity, Mr Ajuri Ngelale, the President tasked the new BOI chief executive to ensure that Nigerians, who are operating all sizes of enterprises across sectors, are given fair and equitable access to much-needed support

By Modupe Gbadeyanka Four new persons have been appointed to the board of directors of a Nigerian consumer-packaged-goods company, Rite Foods Limited. A statement from the company explained that the appointments were part of a strategic move to position the business for accelerated growth and improve the organisation’s market presence as it takes giant strides into the next phase of its growth strategy. The appointees are Mr Kunle Elebute and Isa Mohammed Inuwa as Independent Non-Executive Directors, Raheem Owodeyi as a Non-Executive Director and Dr Kehinde Onijingin as an Executive Director. The new board members are expected to use their

By Adedapo Adesanya  The Governor of Lagos State, Mr Babajide Olusola Sanwo-Olu, has sacked the General Manager of the Lagos State Traffic Management Authority (LASTMA), Mr Bolaji Oreagba. It was disclosed that Mr Oreagba was removed from office because of the various incidences of misdemeanours among staff of the traffic control agency. According to the Permanent Secretary in the Ministry of Transportation, Mr Olawale Musa, the Governor has appointed Mr Olalekan Bakare-Oki as the acting general manager of LASTMA with immediate effect to bring sanity into the organisation. Mr Musa explained that the new chief of LASTMA was favoured for

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 Aduragbemi Omiyale Registration for InterswitchSPAK, a national science competition in Nigeria in its fourth edition, has commenced and will end on Wednesday, May 11, 2022. A statement issued by Interswitch, Africa’s leading integrated payment and digital commerce company, said secondary schools in the country can visit the InterswitchSPAK portal to register between six and 20 of their best science students in Year 11 or Senior Secondary 2 (SS2) for the competition. InterswitchSPAK is a competition designed to re-ignite the study of Science, Technology, Engineering, and Mathematics (STEM) subjects among secondary school students. As part of the registration process, co-educational

By Dipo Olowookere Chief Executive Officer of Stanbic IBTC Holdings Plc, Mr Yinka Sanni, has encouraged the company’s employees to pay more attention to their mental health, to be more mindful about their lifestyle and to inculcate healthy habits. Mr Sanni said this at the 2019 edition of the Stanbic IBTC Employee Health and Wellness week, which marked the culmination of activities of Stanbic IBTC’s annual Health Week programme, designed to educate and enlighten the company’s employees and the public on issues concerning healthy living and wellness. The event is part of company’s contribution towards promoting wellness and healthy living

By Adedapo Adesanya The Nigerian Meteorological Agency (NiMet) has alerted airline operators that the dry season would witness the influx of birds to the affected states, which according to it, might cause bird strikes in the airspace. During the dry season, the agency explained that there could be increased chances of bird strikes due to the influx of migratory birds. This constitutes a hazard to flight operations. Consequently, NiMet warned the public of the possible commencement of the dry season, otherwise called the harmattan season, in most parts of the north. In a statement by its spokesman at the weekend,

By Dipo Olowookere Bullish sentiment prevailed on the secondary market for treasury bills in Nigeria on Friday, with yields slightly moderating at the close of business. Business Post reports that the average yields depreciated by 0.49 percent yesterday as all the tenors suffered various degrees of decline. This was as the Central Bank of Nigeria (CBN) refused to conduct an Open Market Operations (OMO) auction like it had aggressively done in the past sessions. The heaviest drop in yield occurred on the one-month maturity, which went down by 1.64 percent and was followed by the 3-month tenor, which fell by

By Dipo Olowookere The management of National Identity Management Commission (NIMC) has reacted to a media report which claimed nearly 29 million Nigerians were unhappy with the suspension of the national identity card to them by the agency. In a statement signed last Thursday by the Head of Corporate Communications Unit at NIMC, Mr Loveday Chika Ogbonna, stated that there was no iota of truth in the article titled ‘28.5m Nigerians Agonize Over Suspension Of Nat’l ID Card Issuance’ and published by Leadership newspaper on Sunday, April 1, 2018. According to the spokesman of NIMC, the issuance of cards to

By Dipo Olowookere One of the heavyweights on the floor of the Nigerian Stock Exchange (NSE), Dangote Cement Plc, has announced its closed period on trading of its shares at the market. A statement issued on Monday, February 12, 2018 disclosed that the closed period commences today and ends 24 hours after the release of its audited financial statements of the leading cement manufacturer. “With reference to circular NSE/LARD/LRD/CIR2/15/05/17 on the ‘Notice of Securities Trading by Interest Parties’ effective January 1, 2015, please note that Dangote Cement Plc has entered a closed trading period from February 12, 2018 until one

By Adedapo Adesanya The Federal Inland Revenue Service (FIRS) has deployed an online portal to address fake Tax Clearance Certificates (TCC) issued by fraudsters. This was disclosed by Mr Abdullahi Ahmad, Director, Communications and Liaison Department of FIRS, in a statement issued in Abuja over the weekend. Mr Ahmad said the effort was part of measures to check the activities of fraudsters who specialise in producing and selling fake TCC. He explained that it had unveiled a state-of-the-art and user-friendly online portal that detects any TCC not duly issued by the FIRS. Mr Ahmad quoted the Executive Chairman, FIRS, Mr

By Nkem Ndem Lagos City can feel extremely expensive, at least compared to anywhere else in Nigeria. When vacationing in the city, it is easy to overspend and forget about your budget, especially if you are staying in any of the many hotels in the city. Hotels can exhaust your travel funds more rapidly than most other vacation expenses, as paying too much for lodging is one sure fire way to bust your budget. Actually, when taking a break from the real world, money should be the last thing you want to worry about. To help you strategize smartly so