First Bank appoints Alebiosu as new MD/CEO to replace Adeduntan
Olusegun Alebiosu has been appointed as the Acting Managing Director/Chief Executive Officer of First Bank of Nigeria Limited, effective April 2024. This followed the resignation of the incumbent,…
WPG sacks former Eko DisCo MD, Tinuade Sanda
West Power Gas Limited, the parent company of Eko Electricity Distribution Company, has sacked the immediate past Managing Director/Chief Executive Officer of EKEDC, Tinuade Sanda. The termination of…
Adesola Adeduntan steps down as First Bank CEO
Adesola Adeduntan, managing director and chief executive officer (CEO) of First Bank of Nigeria Ltd, has resigned from his position. According to a letter addressed to Tunde Hassan-Odukale, the…
Reactions to recent positive signals in the Nigerian economy – Turning a blind eye
By Hafiz Bakare The reactions of some of our compatriots to the rebound of the naira after the initial turbulence can be typified by the Yoruba saying: “Ajanaku koja…
Dangote’s bid to merge sugar, salt, rice businesses stalled
The bid by Africa’s richest man, Aliko Dangote, to merge his sugar, salt and rice companies into one for improved efficiency and robust consolidation will not proceed for now.…
Gov Ododo didn’t shield Yahaya Bello from EFCC arrest – Commissioner
The Commissioner for Information in Kogi State, Kingsley Fanwo said Governor Usman Ododo did not shield former Governor Yahaya Bello from the arrest of the Economic and Financial Crimes Commission…
Nigeria to buy 24 fighter jets from Italy’s Leonardo
Nigeria plans to acquire 24 fighter jets from Italy’s Leonardo to modernise its fleet and bolster its air force, air force spokesperson Air Vice Marshal Edward Gabkwet said on…
Naira ends rally at parallel market, depreciates to N1,230/$
The naira reversed the appreciation trend at the parallel section of the foreign exchange market on Friday. The local currency depreciated by 17.14 percent to N1,230 per dollar —…
Tinubu appoints Emomotimi Agama as SEC DG, names new board members
President Bola Tinubu has appointed Emomotimi Agama as the director general of the Securities and Exchange Commission (SEC). Ajuri Ngelale, special adviser to the president on media and publicity,…
Tunde Onakoya sets 58-hour new chess marathon record, pushes for 60 hours
Nigerian chess master, Tunde Onakoya, on Saturday set a new Guinness World Record for the longest marathon chess. The chestmaster confirmed this in a post on his official X…
