Monday, January 17

Tag: Chief Executive

OnlyFans founder, Tim Stokely, steps down as CEO
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OnlyFans founder, Tim Stokely, steps down as CEO

OnlyFans founder, Tim Stokely, has stepped down as chief executive. He will be immediately succeeded by Amrapali “Ami" Gan, the company said on Tuesday, Dec. 21. Ami Gan Gan was most recently the chief marketing and communications officer for OnlyFans and will now "assume the day-to-day leadership" of the London-based company from Stokely, who is leaving to "pursue new endeavors," OnlyFans said. Stokely will remain on as an adviser to assist with the leadership transition. Stokely said in a statement: "Ami has a deep passion for OnlyFans’ business and I’m passing the baton to a friend and colleague who has the vision and drive to help the organisation reach its tremendous potential.   "OnlyFans is still a new company and Ami brings a fresh energy and reflects who ...
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NNPC boss, Mele Kyari, hints petrol may cost N340/litre after subsidy removal in 2022

The Group Managing Director and Chief Executive Officer of Nigerian National Petroleum Company Limited, has hinted that petrol may cost N340 per liter in 2022 as the subsidy regime for petroleum products will come to an end in February 2022.   The NNPC boss said this at the presentation of the World Bank Nigeria Development Update, November 2021 edition titled “Time for Business Unusual” on Tuesday, November 23. “There will be no provision for it legally in our system, but I am also sure you will appreciate that government has a bigger social responsibility to cater for the ordinary and therefore engage in a process that will ensure that we exit in the most subtle and easy manner.”he said   Kyari assured that fuel subsidy removal would definitely be achieved in 202...
Barclays chief Jes Staley steps down after sex offender Jeffrey Epstein investigation
Lifestyle

Barclays chief Jes Staley steps down after sex offender Jeffrey Epstein investigation

Barclays CEO, Jes Staley will stand down following an investigation into his relationship with sex offender and disgraced financier, Jeffrey Epstein. The bank said announced on Monday morning, November 1, that its board reached an agreement over Staley’s resignation after being notified on Friday of the preliminary conclusions in an investigation by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority into how Staley had characterised his relationship with Epstein to Barclays. C.S. Venkatakrishnan (known as Venkat) will take over as chief executive with immediate effect, subject to regulatory approval. “In view of those conclusions, and Mr. Staley’s intention to contest them, the board and Mr. Staley have agreed that he will step down from his role as gr...
Afghanistan’s capital Kabul faces electricity blackout as Taliban fails to pay its electrical bills
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Afghanistan’s capital Kabul faces electricity blackout as Taliban fails to pay its electrical bills

  Afghanistan’s capital, Kabul could be put into darkness as the winter sets in because the country’s new Taliban rulers haven’t paid countries that supply it with electricity or resumed collecting money from citizens who use it. Electricity imports from Uzbekistan, Tajikistan and Turkmenistan provide half of Afghanistan’s power consumption nationwide, with Iran providing additional supplies to the country’s west. Domestic production, mostly at hydropower stations, has been affected by this year’s rain drought. Afghanistan lacks a national power grid, and Kabul depends almost completely on imported power from Central Asian countries. Tajikistan, whose relationship with the Taliban is rapidly deteriorating is the country's main power supplier. It could decide to cut off...
Sport

Dundee United investigate alleged racist comment aimed at Fuchs

Dundee United have launched an investigation into an alleged racist comment made by a Ross County supporter towards Jeando Fuchs during Saturday’s game at Tannadice. The incident involving the Cameroon player came after what proved to be United's winning goal from Ilmari Niskanen just after the half-hour mark, leaving County winless. Fuchs then spoke to the United bench, who alerted the fourth official, and at the final whistle his manager Tam Courts held up a "Show Racism the Red Card" T-shirt. However, Ross County manager Malky Mackay insisted that while a comment seemed to have been made, it was not a racial slur. He said: "It appears something was shouted from the stand. There has been confusion as to what that was because our chief executive and members of the Dundee Uni...
Health expert, other stakeholders decry increased maternal, newborn deaths
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Health expert, other stakeholders decry increased maternal, newborn deaths

President, World Hepatitis Alliance, Dr. Danjuma Adda, has again raised an alarm over the increasing rate of maternal and newborn mortality across Nigeria and the world at large. Speaking on Friday in Jalingo, the capital of Taraba State at the World Patient Safety Day, he expressed sadness at the way and manner maternal and newborn issues are being handled by those in leadership positions with kid gloves. Adda who doubles as the Chief Executive Officer of the Centre for Initiative and Development (CFID) expressed worry over the attitude of those thrust with the responsibility of making health facilities available to the people and how they drag their feet He said nearly 5,400 stillbirths occur on a daily basis across the globe. He said while 810 women lose their lives da...
‘The Taliban will enjoy killing us’ – Gay man trapped in Afghanistan says extremists are hunting homosexuals
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‘The Taliban will enjoy killing us’ – Gay man trapped in Afghanistan says extremists are hunting homosexuals

A gay man trapped in Kabul has claimed the Taliban 'are hunting them while explaining what life under the extremists' rule would look like for the LGBTQ+ community. The man, whose identity has been concealed for his own safety, said the Taliban would take pleasure in hunting down and killing LGBTQ+ people in an exclusive interview with MailOnline. 'They kill us very brutally. Not like the others who they kill with a gun or a bullet. 'They will use fire, or they will behead or stone us, and they will enjoy it - it's acceptable to them.' He went on to say his best friend committed suicide because 'no one was here to listen to his voice'. 'I tried to encourage him, to give him hope, but he's not coming back and I can't forget that moment. 'He was living like a shadow, and he...
COVID19 vaccines do not cause magnetism in bodies – NPHCDA boss, Dr Faisal Shuaib says
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COVID19 vaccines do not cause magnetism in bodies – NPHCDA boss, Dr Faisal Shuaib says

The Executive Director and Chief Executive Officer of the National Primary Health Care Development Agency, Dr Faisal Shuaib, has dismissed reports claiming that the COVID19 vaccines when administered on a person, causes magnetism.   There have been widespread theories online suggesting that the COVID19 vaccines cause a body to become magnetic.   At a press conference in Abuja, Dr. Shuaib dismissed the claim saying it is the work of rumor mongers and mischief-makers. ''The anti-vaccination elements have come up with magnetic conspiracy, in which they claim, and are deceiving people with videos, that COVID-19 vaccine creates magnetic field around vaccination site and can cause the body to light up an electric bulb. As ridiculous as this and other conspiracy theo...
Premier League-linked Bayern pair Goretzka & Coman having ‘very good talks’ over extensions – Kahn
Sport

Premier League-linked Bayern pair Goretzka & Coman having ‘very good talks’ over extensions – Kahn

The club's new chief executive officer hopes that two key players will remain under their new manager Bayern Munich are holding "very good" contract negotiations with Leon Goretzka and Kingsley Coman over the pair's future at Allianz Arena, says new CEO Oliver Kahn, who is "optimistic" about the duo's decisions. Both players have been the subject of intense transfer scrutiny this summer as the Bavarian giants begin their transition from Hansi Flick's short-but-glorious reign and move towards a new future under Julian Nagelsmann. Midfielder Goretzka and winger Coman have both been in action for Germany and France this summer at Euro 2020, but with their respective nations eliminated, talk has turned to their next steps.
Usifo Ataga: UNILAG breaks silence
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Usifo Ataga: UNILAG breaks silence

The Vice Chancellor of University of Lagos, UNILAG, Prof. Oluwatoyin Ogundipe, has finally spoken on the controversy surrounding student, Miss Chidinma Adaora Ojukwu, who allegedly killed Usifo Ataga, Chief Executive Officer of SuperTV. Ogundipe, addressing the press on Wednesday, said the university is following due process on the alleged murder case but will not deny their student no matter the travails. He disclosed that the university is handling the administrative aspect of the issue since the case has become a national matter. “From the records available to us, Chidinma Adaora Ojukwu, is a student of the University of Lagos who was born on December 12, 1999 from Abia State. “From our records, her next of kin is Mr Onoh Ojukwu. She is a student of this great university(UNI...
Euro 2020: England take final decision on Gareth Southgate’s future
Sport

Euro 2020: England take final decision on Gareth Southgate’s future

Gareth Southgate has been promised a new contract until 2024 no matter how England perform at the ongoing Euros or next World Cup. Football Association chief executive, Mark Bullingham, has made it clear they want Southgate to continue beyond his current deal which expires after the 2022 World Cup in Qatar. Bullingham said: “We would love him to carry on, for sure, beyond this contract. “Gareth knows exactly how we feel about him. He knows that we think he’s doing a great job and we’d like him to carry on.” Southgate would have been in charge of the Three Lions for six-and-a-half years by the end of Qatar. Although he has admitted he would love to go back to club football, the FA will fight off any approaches.
French fashion tycoon, Bernard Arnault overtakes Jeff Bezos to become the world’s richest man after his net worth climbs to $186 billion
Lifestyle

French fashion tycoon, Bernard Arnault overtakes Jeff Bezos to become the world’s richest man after his net worth climbs to $186 billion

French fashion tycoon, Bernard Arnault is now the world's richest man after his net worth climbed to $186.3billion. The chief executive of Moët Hennessy Louis Vuitton (LVMH) saw his luxury goods firm stock increase by 0.4 per cent during the first hours of trading on Monday, May 24. The rise pushed Arnault's personal stake up by more than $600million and placed LVMH's market cap at $320billion, according to Forbes. Arnault's overall net worth jumped to $186.3billion, edging past Amazon CEO Jeff Bezos, who is worth $186billion, by 'only' $300million in the world's rich list. It comes just days after Arnault pushed Elon Musk, worth $147.3billion, out of his spot as the world's second-richest man after Tesla's share price sank. Musk dropped out of his spot as the world's se...
Masters: Super League Six Must Rebuild Trust With Rest of PL
Sport

Masters: Super League Six Must Rebuild Trust With Rest of PL

Premier League chief executive Richard Masters admits there has been a breakdown of trust and relations between the six clubs involved in proposed Super League and the rest of the division. Masters believes it will take time for that trust to be restored between Manchester United, Liverpool, Arsenal, Manchester City, Chelsea and Tottenham who were involved in the attempted breakaway and the remainder of the league. He says the Premier League will work with the Football Association to "bolster their rule book" and prevent any future threat of a breakaway, while outlining his aim to "reset" the division. The Premier League CEO sat down with Sky Sports News' Bryan Swanson to discuss the fallout from the failed Super League, what the proposed new TV deal could mean in the post-pan...
NECO releases 2020 SSCE results
Education

NECO releases 2020 SSCE results

National Examinations Council (NECO) has released results of the 2020 Senior School Certificate Examination for External Candidates. Announcing the results at the Council Headquarters in Minna on Thursday May 6, NECO's Registrar/Chief Executive, Godswill Obioma disclosed that a total of 41,459 candidates registered for the examination, while 39,503 sat for it. In a statement issued by Head, Information and Public Relations Division of NECO, Azeez Sani in Abuja, the registrar explained that a total of 26,277 candidates obtained five credits and above including English Language and Mathematics while 34,014 candidates also obtained five credits and above irrespective of English Language and Mathematics. The Registrar who reiterated the Council’s zero tolerance for examination mal...
Amazon founder, Jeff Bezos tops Forbes billionaire list for the 4th year in a row
Lifestyle

Amazon founder, Jeff Bezos tops Forbes billionaire list for the 4th year in a row

Forbes has released its annual list of billionaires with Amazon founder Jeff Bezos topping it for the fourth consecutive year. The 57-year-old's worth increased to $177 billion, up to $64 billion from a year ago as a result of a spike in Amazon shares, the media company said on Tuesday, April 6. Tesla CEO, Elon Musk was the biggest gainer as he rocketed to the second spot with a $151 billion fortune, a whopping $126.4 billion gain a year ago when he ranked No. 31 and was worth $24.6 billion. This year’s billionaires are worth a combined $13.1 trillion, up from $8 trillion last year, Forbes said. "The very, very rich got very, very richer," said Forbes' Chief Content Officer Randall Lane, in an interview with Reuters Video News This year’s list has 493 newcomers, includin...
Marks & Spencer to Cut 7,000 Jobs over the Next three Months due to COVID-19 Pandemic
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Marks & Spencer to Cut 7,000 Jobs over the Next three Months due to COVID-19 Pandemic

Marks & Spencer, one of the largest British retail clothing and food companies is cutting 7,000 jobs over the next three months across its stores and management due to the impact of the COVID-19 pandemic.  In a statement, the company said: "We expect a significant proportion will be through voluntary departures and early retirement. In line with our longstanding value of treating our people well, we will now begin an extensive programme of communication with colleagues. "The streamlining programme is an important step in delivering on our cost savings programme and ensuring we emerge from the crisis with a lower cost base and a stronger more resilient business." Chief Executive Steve Rowe added: "In May we outlined our plans to learn from th...
Liverpool Takes Decision on Re-signing Gerrard Over Premier League Medal
Sport

Liverpool Takes Decision on Re-signing Gerrard Over Premier League Medal

Liverpool’s chief executive, Peter Moore, said the club will not bring back Steven Gerrard, so that he can finally claim a Premier League winners’ medal. A lot of fans have canvassed for their former captain to be re-signed, so he can enjoy winning the prize that eluded him during his playing career. The 39-year-old won the Champions League, FA Cup and Carabao Cup, but only came close to lifting the Premier League trophy. Gerrard retired three years ago and currently coaches Rangers in Scotland. Moore has admitted that bringing him back will be very complicated. He told Soccer Laduma: “Look, we all love Stevie G and we’re all very proud of him for his managerial career, but I keep seeing this ‘bring him in on a five-day contract so he can win a medal’ [but] it just doesn...
Premier League Reveals Why Clubs may Abandon Carabao Cup, Discloses Plans for Foreign Players
Sport

Premier League Reveals Why Clubs may Abandon Carabao Cup, Discloses Plans for Foreign Players

New Premier League chief executive, Richard Masters has hinted that some top clubs in the top flight may dump the Carabao Cup because of mooted changes to the Champions League that could add four extra games each season. “In the end, there isn’t enough space [in the calendar],” he said. “It’s not an absolute that if somehow the shape of the European competitions changes, the Carabao Cup is terminally damaged. “There are some clever fixture people out there that may be able to slot the thing together. But I think it would fundamentally alter its trajectory,” he said, according to Mailonline. He also said the Premier League will lobby during Brexit negotiations with the Football Association for top clubs to be allowed 16 foreign players in their 25-man squads. The FA want ...
Boateng rules out Barcelona stay as he bids farewell to Camp Nou
Sport

Boateng rules out Barcelona stay as he bids farewell to Camp Nou

Sassuolo's chief executive suggested the experienced forward might stay in Catalunya permanently, but the Ghanaian has confirmed his departure Kevin-Prince Boateng has shot down suggestions he could join Barcelonapermanently by confirming his exit on social media. The 32-year-old made four appearances for the Spanish champions during his spell on loan from Sassuolo during the second half of last season. Despite Boateng's limited game time, Sassuolo's chief executive officer Giovanni Carnevali suggested the former Ghana forward may stay at Camp Nou on a full-time basis.
Van der Sar Finally Confirms De Ligt Will Quit Ajax This Summer
Sport

Van der Sar Finally Confirms De Ligt Will Quit Ajax This Summer

Ajax’s Chief Executive Officer, CEO, Edwin van der Sar, has confirmed that captain, Matthijs de Ligt, will leave the club this summer to join a big club in England or Spain. Van der Sar, a former Manchester goalkeeper, said this following Ajax’s Champions League semi-final second leg 3-2 defeat to Tottenham. A second-half hat-trick from Lucas Moura ensured Mauricio Pochettino’s men dumped the Dutch side out of the Champions League. De Ligt has been heavily linked with a move to Manchester United, Barcelona, Liverpool, Juventus and Manchester City in recent weeks. “I think these will be De Ligt’s final games with Ajax, but I hope he goes out on a high,” Van der Sar told Sky Sport Italia. “He’s been here since he was a child and will end up at a big club. “I think he’ll go to...
Warner Bros Chairman and CEO, Kevin Tsujihara steps down following Sexual Misconduct allegations
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Warner Bros Chairman and CEO, Kevin Tsujihara steps down following Sexual Misconduct allegations

Warner Bros’s chief executive, Kevin Tsujihara is leaving amid claims he tried to secure roles for an actress he allegedly had an affair with. John Stankey, chief executive of parent company WarnerMedia, said that it was “in the best interest” of the firm that Tsujihara steps down. “Kevin acknowledges that his mistakes are inconsistent with the company’s leadership expectations,” Warner said. The firm is conducting an investigation into the allegations. Earlier this month, the Hollywood Reporter claimed an actress had sought Mr Tsujihara’s help in landing roles after they had sex.  The report included text messages between Mr Tsujihara and the actress. Tsujihara’s lawyer said at the time that the executive did not have a direct role in the hiring of the actress in any movie. In a ...
Kylie Jenner beats Mark Zuckerberg to Become the Youngest Self-made Billionaire of all Time!
Entertainment

Kylie Jenner beats Mark Zuckerberg to Become the Youngest Self-made Billionaire of all Time!

Kylie Jenner, the youngest member of the Kardashian-Jenner American reality TV family has become the world’s youngest billionaire at the age of 21. She was on Tuesday admitted to the “nine-zero” fortune club by Forbes. The business magazine ranked Jenner as the world’s 2,057th richest person. She became a billionaire two years younger than Facebook co-founder, Mark Zuckerberg, who took the title at the age of 23 in 2008. Jenner’s fortune comes from Kylie Cosmetics, the makeup company she runs largely from her iPhone, with the help of her mother Kris. Forbes estimated that the cosmetics company, which is 100%-owned by Jenner, made $360m (£274m) in sales last year. Forbes’s estimate of Jenner’s wealth comes in its annual ranking of the world’s billionaires. Its research found th...
Godwin Emefiele, CBN Governor Asked to Leave Office
News

Godwin Emefiele, CBN Governor Asked to Leave Office

The Nigerian government has asked the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to proceed on leave ahead of expiration of his tenure. Emefiele was said to have received a letter to the effect on Monday. The financial expert has been Governor of the Central Bank of Nigeria since June 3, 2014. He was Chief Executive officer and Group Managing Director of Zenith Bank Plc and previously the Deputy Managing Director of Zenith Bank Plc. Emefiele served as Executive Director in charge of Corporate Banking, Treasury, Financial Control and Strategic Planning of Zenith Bank Plc and has been on the Management team since inception. Emefiele was one time a director at Zenith Bank Plc and Zenith Bank (Gambia) Limited. Before commencing his banking...
Only A Man Can Run An Airline – Qatar Airways CEO
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Only A Man Can Run An Airline – Qatar Airways CEO

Akbar Al Baker, the chief executive of Qatar Airways, on Tuesday declared that only a man can do his challenging job. Al Baker made the comments moments after becoming chair of the aviation industry body’s board of governors for a one-year term, Bloomberg News reported. At a press conference in Sydney, where the International Air Transport Association held its annual meeting, he was asked what could be done to tackle the lack of women in Middle East aviation. Al Baker replied this was not the case at Qatar, before adding: “Of course, it has to be led by a man, because it is a very challenging position.”
Subomi Balogun @ 84: Portrait Of A Rare Bridge Builder
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Subomi Balogun @ 84: Portrait Of A Rare Bridge Builder

It is difficult, if not out-rightly impossible to read the story of his life and not be eminently inspired. This is for the simple reason that each chapter of that life leaves sundry lessons. It is all about the impact, visionary commitment to courses, transparent honesty in dealings with others, as well as diligent pursuit of purpose, human limitations notwithstanding. In fact, say it that Otunba Michael Olasubomi Balogun (CON), the man they call the Asiwaju of Ijebu Christians, is a lesson to life, and you would be stating the obvious. From the perspective of entrepreneurship, he is a front-liner, visionary leadership, he is there; manager of men and materials, he has a tall reputation; a philanthropist of note the same way he is an outstanding bridge builder. For example, it was h...
AGF Malami Usurps Senate Powers, Tells Ojukwu To Resume As NHRC Boss
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AGF Malami Usurps Senate Powers, Tells Ojukwu To Resume As NHRC Boss

The Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), has asked Tony Ojukwu to assume office as the acting Executive Secretary of the National Human Rights Commission (NHRC). This is in contravention of the civil service rules and the Act that established the commission which empowers the Senate to clear the appointee. Section 8 of the act states: “There shall be for the commission an Executive Secretary who shall be: ‘a legal practitioner with not less than 20 years post qualification experience and requisite experience in human right issues; a person of proven integrity and be the Chief Executive and Accounting Officer of the commission; appointed by the president subject to confirmation by the Senate.” President Muhammadu Buhari had in Dec...
2019: INEC To Partner NIGCOMSAT For Successful Polls
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2019: INEC To Partner NIGCOMSAT For Successful Polls

The Independent National Electoral Commission, INEC, will partner with the Nigerian Communications Satellite Limited, NIGCOMSAT, to deploy appropriate technology to enhance the 2019 general elections.   According to a report on the commission’s site inecnews.com, the chairman, Mahmood Yakubu, said this while addressing the management of NIGCOMSAT in Abuja on Tuesday.   The INEC Chairman noted that time had come to “mobilise all national asset and institutions for the success of elections.”   Mr. Yakubu, who was at the agency’s office with members of the commission, expressed optimism that partnering with NIGCOMSAT, the Nigerian Communications Commission, NCC, as well as telecommunications operators in the country would ensure “that challenges to the seamless...
Benue Killings: Dangote Reveals Cause Of Herdsmen Attacks
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Benue Killings: Dangote Reveals Cause Of Herdsmen Attacks

The President and Chief Executive of the Dangote Group, Mr. Aliko Dangote, has spoken on the increasing herdsmen attack in some parts of Nigeria. Dangote on Tuesday, while speaking with Channels Tv revealed that increasing rate of unemployment was to blame for the attacks. “If there are jobs, there wouldn’t be anything like Boko Haram, there would not be anything like herdsmen. Once you are engaged, you do not have time for mischief. “The government is working tirelessly to make sure that we resolve this issue about herdsmen. “Government cannot do it on its own; we also need to do our own. The government is giving us an opportunity to also create jobs. “And I think people are under-rating how many jobs we need to create, not just in Nigeria and Africa, we need to create 12 m...
UAE Rival Carriers Emirates, Etihad Join Forces For Airline Security
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UAE Rival Carriers Emirates, Etihad Join Forces For Airline Security

Emirates Airline, the International carrier of the United Arab Emirates, on Monday signed a Memorandum of Understanding with rival airline Etihad Airways in Abu Dhabi for aviation security. The MoU was signed between Emirates’ security division, Emirates Group Security and Etihad Aviation Group by Sir Tim Clark, President Emirates Airline, and Tony Douglas, Group Chief Executive Officer of Etihad Aviation Group. Emirates said in a statement: “The historic agreement, the first between the UAE’s two world-leading aviation groups, signals the importance of closer collaboration in aviation security to effectively exploit joint synergies to enhance efficiency and security for the benefit of both groups’ customers.’’ One of the key areas of cooperation outlined in the MoU involved the s...
Dealer Blames Petrol Marketers For Hoarding, Profiteering
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Dealer Blames Petrol Marketers For Hoarding, Profiteering

The South-East Zonal Supervisor, Pinnacle Oil and Gas, Mrs Amaka Okonkwo, has criticized some petroleum product marketers for hoarding and profiteering of the products, leading to the current scarcity. Okonkwo, speaking to newsmen in Enugu yesterday, condemned the act of sabotage by some marketers whom she said created the artificial scarcity that shot up pump prices of fuel to between N250 and N300 per litre in and around Enugu state. The dealer who recently took delivery of five trucks of petrol at her New Haven station, said the company was poised to help ease the artificial fuel scarcity. "It is all about greed; the Federal Government has tried its best by injecting sufficient products into the country. It is now some of the marketers that are hoarding the products and selling a...
Hong Kong Leader Lays Out Vision In Maiden Policy Address With Tax Cuts, Subsidized Housing
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Hong Kong Leader Lays Out Vision In Maiden Policy Address With Tax Cuts, Subsidized Housing

Hong Kong will trim company profits tax and build more government subsidized flats for struggling families, the city's Chief Executive Carrie Lam said in her maiden policy address on Wednesday, laying out priorities for the next five years. To bolster Hong Kong's regional competitiveness and help small and medium sized enterprises, Lam said the Asian financial city would cut company profits tax to 8.25 percent from 16.5 percent for the first HK$2 million of earnings. "In the face of competition from other economies as well as the rise of protectionism in recent years, Hong Kong is facing increasingly grave challenges. We must develop a high value‑added and diversified economy," Lam said. The Hong Kong leader also said she would address the city's astronomical housing prices by seeking t...
Vice President Osinbajo Hails Creative Industry
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Vice President Osinbajo Hails Creative Industry

Vice President Yemi Osinbajo has hailed the creativity and ingenuity of Nigerian artistes which they have deployed to project the image of the country. He made the commendation after watching a grand performance of the cultural troupe, Wakaa the Musical, on Monday night, at the Transcorp Hilton Hotel in Abuja. Osinbajo, his wife, Dolapo, Senate President Bukola Saraki and Information Minister Lai Mohammed, were part of the dignitaries that watched the cultural fiesta. Osinbajo, who described the event as trilling said, “I have never seen anything like this before; it is absolutely incredible; this is wonderful.’’ The producer of the theatre group and Chief Executive of Terra Culture, Mrs. Bolanle Austen-Peters, while welcoming guests to the occasion said it was the group’s way ...
How Obasanjo, Yar Adua, Jonathan Squandered Over N11trn For Electricity – SERAP
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How Obasanjo, Yar Adua, Jonathan Squandered Over N11trn For Electricity – SERAP

A new report by the Socio-Economic Rights and Accountability Project (SERAP) has revealed how over N11 trillion meant to provide regular electricity supply was allegedly squandered under the governments of former presidents Olusegun Obasanjo, Umaru Musa Yar’Adua and Goodluck Jonathan. According to the report, “The total estimated financial loss to Nigeria from corruption in the electricity sector starting from the return to democracy in 1999 to date is over Eleven Trillion Naira (N11 Trillion Naira). This represents public funds, private equity and social investment (or divestments) in the power sector. It is estimated that may reach over Twenty Trillion Naira (N20 Trillion Naira) in the next decade given the rate of Government investment and funding in the power sector amidst dwindling...
35 Die In Auto Accidents In Ogun In Two Months
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35 Die In Auto Accidents In Ogun In Two Months

He said that 51 road accidents were recorded in June out of which 13 personas died, 95 got injured and 447 traffic offenders were apprehended. Seni Ogunyemi, the Chief Executive/Corps Commander, Ogun State Traffic Compliance and Enforcement Corps, says 35 persons have lost their lives in motor accidents in the state in the last two months. Ogunyemi disclosed this to the News Agency of Nigeria in Ota on Monday. He said that 51 road accidents were recorded in June out of which 13 personal died, 95 got injured and 447 traffic offenders were apprehended. He said as at July 30, 47 road accidents occurred which resulted in the death of 22 persons, while 88 sustained various degrees of injury. The corps commander said that 479 were arrested for various offences ranging from violation o...
Taliban Claim Deadly Kabul Suicide Attack
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Taliban Claim Deadly Kabul Suicide Attack

At least 24 people have been killed and more than 40 wounded after a suicide car bomb targeted a bus carrying ministry staff in Afghanistan's capital Kabul, officials said. Intelligence officials told Al Jazeera that the bus was carrying staff of the Ministry of Mines and Petroleum when it came under attack on Monday. The attack happened just before 7am local time (02:30 GMT) and took place close to the house of the deputy government Chief Executive Mohammad Mohaqi, said officials. Taliban claimed responsibility for the attack in a statement sent to Al Jazeera. The bus was completely destroyed, along with three other cars and several shops in the area, said Kabul's police chief spokesman, Basir Mujahed, adding children were among the wounded. Najib Danish, an acting Interior...
Blood Donation Rules Relaxed For Gay Men, Sex Workers
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Blood Donation Rules Relaxed For Gay Men, Sex Workers

Blood donation rules for sex workers and gay men are being relaxed in England and Scotland after improvements in the accuracy of testing procedures. Men who have sex with men can now give blood three months after their last sexual activity instead of 12. And sex workers, who were previously barred from donating, now can, subject to the same three-month rule. Experts said the move would give more people the opportunity to donate blood without affecting blood supply safety. The Advisory Committee on the Safety of Blood, Tissues and Organs – which advises UK health departments – recommended the changes after concluding that new testing systems were accurate and donors were good at complying with the rules. All blood that is donated in the UK undergoes a mandatory test for Hepat...
Sterling Bank Commits To Real Estate Financing
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Sterling Bank Commits To Real Estate Financing

The Managing Director/Chief Executive, Crown Realities Plc, Mr. Darl Uzu, has commended Sterling Bank Plc for stepping in to provide financing for development projects in the country. Speaking at the inauguration of the Crown Court Durumi, Abuja, a project that was wholly financed by the bank, he said the financial institution had proven to be a dependable partner in a time of need. He told guests, including the Minister of the Federal Capital Territory (FCT), Mr. Mohammed Bello, who was represented by the Permanent Secretary of the FCT, Mr. Umar Jubril, that the bank had been responsive to the credit needs of Crown Realities and the real estate sector. He said: “At the height of the recession when funds were scarce and investors’ confidence were at its lowest, Sterling Bank suppo...
Stanbic IBTC Bank Unveils Private Banking Service
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Stanbic IBTC Bank Unveils Private Banking Service

Stanbic IBTC Bank has announced its launch of additional value propositions for its high net worth individual clients under its Platinum Banking offering. The bank explained that the premium service was targeted at high net worth individuals who desire an exclusive and differentiated banking service experience in Nigeria and globally. According to a statement, the bank hosted some of its Private Banking clients in Abuja and in Lagos recently to formalise the launch of the customer value proposition. It explained that the service leverages on both the Stanbic Group and Standard Bank end to end financial services as well as over 154 years’ experience across Africa. “It is aimed at rewarding current and prospective clients with first-in-class exclusive private banking experience. ...
Taliban Kill Afghan Security Guards
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Taliban Kill Afghan Security Guards

At least eight people have been killed after Taliban gunmen opened fire on Afghan security guards in the country's northern Parwan province. According to Wahida Shahkar, the spokeswoman for the Parwan governor, the late Monday night shooting also left two other guards wounded.The guards were attacked while they were on their way to work at Bagram airfield, the main US military base in Afghanistan, she added. Taliban spokesman Zabihullah Mujahid claimed responsibility for the shooting in a statement sent to the media. The fighters have stepped up their attacks against Afghan security forces, and an affiliate of the ISIL group has been trying to expand its footprint in the country by launching large-scale attacks across Afghanistan. Meanwhile, one person was killed and six were w...
Uber Director Bonderman Resigns Over Sexist Remark
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Uber Director Bonderman Resigns Over Sexist Remark

Uber director David Bonderman said on Tuesday that he has resigned from the company’s board following a remark he made during an Uber staff meeting that was widely seen as offensive to women. Bonderman’s ill-timed remark came during an all-staff meeting Tuesday to discuss of how the ride-services company plans to transform itself following a probe into sexual harassment at the company. Bonderman said in a statement sent to Reuters that he did not want his comments to create distraction for Uber, which is working to rid its culture of sexual harassment and discrimination. His resignation from the board is effective Wednesday morning. During Tuesday’s meeting, Uber board member Arianna Huffington spoke to employees about the importance of adding more women to the board of directo...
The Legal Considerations Of Running A Fintech Startup In Nigeria
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The Legal Considerations Of Running A Fintech Startup In Nigeria

The core business of the FinTech sector revolves around financial services which are, as such, regulated activities. Generally, it is common for FinTech startups to enter into relationships with existing operators within the financial industry by way of service level agreements or technical partnerships which, amongst other benefits, allows these startups to deliver their services under the partner/client financial institution’s existing licence. However the alternative method is for a startup to operate on its own steam by meeting the requirements to obtain the requisite licences although this method requires significant capital outlay. As such, FinTech startups that are seeking to exploit the significant market opportunities in Nigeria are bound to run into several regulatory compl...
ALSCON: Fayemi ‘Ignores’ Supreme Court Ruling
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ALSCON: Fayemi ‘Ignores’ Supreme Court Ruling

This week’s pledge by the Minister of Mines & Steel Development, Kayode Fayemi, to work with a Russian firm to reactivate the Aluminium Smelting Company of Nigeria, ALSCON, in Ikot-Abasi, is in clear violation of a Supreme Court judgement, PREMIUM TIMES can report. The Supreme Court, Nigeria’s apex court, had on two separate occasions ordered that the company be taken away from the Russian firm, UC RUSAL. On Wednesday, Mr. Fayemi’s aides distributed a statement indicating the minister’s visit to ALSCON and his pledge to work with UC RUSAL. The Chairman/Chief Executive of BFIGroup, Reuben Jaja, who was reacting to Mr. Fayemi’s visit to the plant, said the minister’s action was not only illegal, but contemptuous of the Supreme Court, which has ruled twice, sacking the Russians f...
NDLEA Nabs Two Grandmothers For Drug Trafficking At Lagos Airport
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NDLEA Nabs Two Grandmothers For Drug Trafficking At Lagos Airport

OFFICERS of the National Drug Law Enforcement Agency (NDLEA) have foiled attempts by two grandmothers to unlawfully export narcotic drugs to New York, United States and Medina, Saudi Arabia. The suspects allegedly ingested one hundred and eight (108) wraps of substances that tested positive for heroin and cocaine during outward screening of passengers at the Murtala Mohammed International Airport (MMIA) Lagos. The grandmothers blamed their involvement in drug trafficking on financial hardship. According to the NDLEA, the preliminary investigation revealed that this was the first time a grandmother of 60 years will ingest a whopping eighty-three wraps of narcotics. In addition, the second suspect was going to Saudi Arabia where drug trafficking attracts capital punishment. Her ...
Stanbic Ibtc Posts N16.1b Pat In Q1
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Stanbic Ibtc Posts N16.1b Pat In Q1

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has posted Profit After Tax (PAT) of N16.1 billion in its first quarter operations, against N7.8 billion achieved in the corresponding period in 2016. Specifically, the bank’s performance for the first quarter ended March 2016, showed 106 per cent rise in profit, from N7.8 billion to N16.1 billion while pre-tax profit stood at N18.6 billion, an increase of 78 per cent over the N10.2 billion recorded in the corresponding period of 2016. The bank attributed the improved performance to sustained focus on the bank’s objectives, as well as heavy investment made on digital channels upgrade for enhanced operations. Gross earnings stood at N47.0 billion, representing an increase of 35 percent over the N34.8 billion recorded i...
78 Bank Directors Get N10.34bn Dividend In 2016
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78 Bank Directors Get N10.34bn Dividend In 2016

78 bank directors get N10.34bn dividend in 2016 *Zenith, Access, UBA account for 64% of dividend *Ovia, Wigwe, Elumelu get 89.5% AT the backdrop of the recession the nation’s economy slipped into last year alongside inflationary pressures, corporate results from the banking sector so far released indicate significant increases in fortune for the investors. Jim Ovia, Tony Elumelu & Herbert Wigwe While the general shareholders of the first batch of seven banks announcing results so far received a total dividend income of N162 billion, indicating a rise by 13 per cent against N143.3billion in 2015, directors of the banks numbering 78 recorded 20.5 per cent rise in their dividend income at N10.34 billion as against N8.58 billion in 2015. The banks are Zenith Internati...
Teachers Without Professional Certificates To Go By Dec — FG
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Teachers Without Professional Certificates To Go By Dec — FG

The Federal Government has said teachers who do not possess Professional Certificate of the Teachers’ Registration Council, TRCN, will be shown the way out by the end of this year. This was disclosed by the Registrar/Chief Executive of the Council, Professor Olusegun Ajiboye in Ibadan yesterday. According to him, the decision is part of the three-year Ministerial Strategic Plan by the Minister of Education, Malam Adamu Adamu. This, he added, was aimed at getting rid of unqualified teachers in Nigerian schools. He further hinted that the first professional qualifying examination of TRCN would hold at the end of September, 2017. He advised those who want to use the normal registration to act before the end of May 2017. While hinting that about 1.6m teachers have registered, he said examinati...
‘No Provision For Acting Chairman In EFCC Act’ – Senior Lawyers
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‘No Provision For Acting Chairman In EFCC Act’ – Senior Lawyers

• Senior Lawyers Urge President To Nominate Replacement • Senate: We ‘Ve Been Vindicated Senior lawyers have warned that the continued stay in office by the chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, after two unsuccessful screening attempts at the Senate breaches the enabling law of the anti-graft agency. The lawyers disclosed that there is no provision for acting chairman under the EFCC (Establishment) Act, 2004, adding that since Section 3 of the EFCC act provides for Senate confirmation, the powers of the President in such appointment is not absolute. Lagos lawyer, Sylva Ogwemoh (SAN) said: “The power of the President of the Federal Republic of Nigeria under the Economic and Financial Crimes Commission (Establishment) Act, to appoint a Chai...
Billionaire Banker David Rockefeller Dies Aged 101
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Billionaire Banker David Rockefeller Dies Aged 101

Former Chase Manhattan Chief Executive David Rockefeller has died at the age of 101. Rockefeller died in his sleep at home in Pocantico Hills, New York, on Monday morning as a result of congestive heart failure, according to a family spokesperson Fraser P. Seitel. The businessman, who had an estimated fortune of $3 billion, retired as head of Chase Manhattan in 1981 after a 35-year career. In the statement from the The Rockefeller Foundation confirming his death, Rockefeller was described as “one of the most influential figures in the history of American philanthropy and finance, considered by many to be ‘America's last great international business statesman’.” Rockefeller, also known as ‘the banker’s banker’, according to the statement, is said to have donated almost $2 billion ...
Captain Chinyere Kalu; Meet The First Nigeria Female Pilot
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Captain Chinyere Kalu; Meet The First Nigeria Female Pilot

Captain Chinyere Kalu was born in 1970. She is the first female pilot in Nigeria. A woman grew up in a very supportive big family. She decided to begin her career in Aviation because of her adventurous aunt. Her aunt was well famous for traveling abroad a lot of times. They had the matriarch in their family, so her aunt approved Chinyere’s decision and so a lady began her career into aviation. The first female Nigerian pilot is Chinyere Kalu, who studied in Anglican Girls Grammar School, which is in Yaba, in Lagos. Then she was trained as a Commercial and Private Pilot. She also took a few aviation courses in Zaria, UK, and the USA. Chinyere Kalu always wanted to travel the world and have an adventurous lifestyle. So she decided to take up the truly male dominated and very difficult ...

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