Saturday, April 17African Business News
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Appointments

Mrs. Folashade Joseph Re-Appointed as MD/CEO NAIC

Mrs. Folashade Joseph Re-Appointed as MD/CEO NAIC

Appointments
Mrs. Folashade Joseph President Muhammadu Buhari GCFR has approved the reappointment of Mrs. Folashade Joseph as the Managing Direct/CEO of Nigerian Agricultural Insurance Corporation (NAIC) for a second term with effect from April 11th 2021. In a letter signed by the Honourable Minister of Agriculture and Rural Development, Sani Nanono who stated that her reappointment is based on her hard work, Dedication, Commitment, Service delivery as well as her immense contribution towards the progress and upliftment of Nigerian Agricultural Insurance Corporation. He urged Mrs. Joseph to use her reappointment to bring to bear her wealth of experience in driving the activities of the corporation in accordance with its mandate, enable act and subsisting laws.
Civil servants mobilise to force accountant-general out of office

Civil servants mobilise to force accountant-general out of office

Appointments
Association of Senior Civil Servants of Nigeria (ASCSN), says it has mobilised members to force the Accountant-General of the Federation (AGF), Ahmed Idris, out of office over his refusal to proceed on retirement after attaining 60 years of age. The union, which said it had mobilised its Abuja members to storm the parastatal, was supposed to occupy his office until he leaves the position. A statement by ASCSN’s Secretary-General, Alade Bashir Lawal, said Idris, who turned 60 years on November 25, 2020, was due for retirement and should therefore vacate the position to allow others to advance to the peak of their career. The workers posited that they could no longer accept a situation where civil servants, who head government agencies or become permanent secretaries, would st...
Court gives PENGASSAN nod to picket BakerHughes oil firm

Court gives PENGASSAN nod to picket BakerHughes oil firm

Appointments
The Petroleum and Natural Gas Senior Staff Association (PENGASSAN) last Thursday, won a court judgement against an oil firm, BakerHughes Nigeria, which attempted to stop the union from picketing it over alleged anti-labour practices. BakerHughes Company Limited, which failed in her attempt to secure an interlocutory injunction to stop the picketing of her offices in Nigeria, had filed a lawsuit with number NICN/LA/398/2020 against PENGASSAN at the National Industrial Court (NIC) in Lagos. The judge, Hon. Justice (Mrs.) Ama Oji of court 8, while delivering the court ruling on the 26th of November 2020, affirmed that the ongoing picketing by PENGASSAN in the operations facilities of BakerHughes was peaceful and well managed. Noting by all indication that there was no proof to the co...
300 unemployed youths get training on metering

300 unemployed youths get training on metering

Appointments
In addressing youth unemployment and building sustainable human capacity development, Momas Electricity Meters Manufacturing Company (MEMMCOL) has offered to train over 300 unemployed youths on an effective electricity metering programme scheme. The move, the firm said, was to complement Federal Government’s effort on metering in the power sector. Chairman, MEMMCOL, Engr. Kola Balogun, during an interactive session with journalists, said the idea was to extend the company’s corporate social responsibility to some states and develop manpower capability among unemployed youths in Nigeria. Balogun said that this would enable unemployed youths to benefit from the other value-added programmes of the Federal Government. He said the initiative would also enhance the ...
‘Sustainable revenue mobilisation, panacea for effective tax system’

‘Sustainable revenue mobilisation, panacea for effective tax system’

Appointments
For Nigeria to achieve an effective tax system, the need for sustainable revenue mobilisation is paramount. Experts argue that there cannot be an effective tax system if the social contract is observed in the breach by either party. They said this is the case with developing nations of the world, Nigeria inclusive. At the 3rd Annual International Academic Conference organised by the Chartered Institute of Taxation of Nigeria (CITN) in collaboration with Igbinedion University, Okada, themed “Taxation, Social Contract, and Economic Development”, President and Chairman of Council, CITN, Gladys Simplice, said no nation could achieve development in the absence of adequate revenue to fund its programmes and projects. On the citizen’s part, she said the level of tax compliance was so ...
Platform donates pool, sports hall, N30m scholarships to CKA

Platform donates pool, sports hall, N30m scholarships to CKA

Appointments
As part of our commitment to education and capacity development in Nigeria, Platform Capital created the Adopt-a-School programme, aimed at improving education across primary and secondary schools in the country. This is a continuation of the work in the education vertical which began with the refurbishment and donation of three ultra-modern lecture halls for the University of Lagos Business School’s (ULBS) Executive MBA programme. During the refurbishment, the entire building was renovated, and lecture halls were fully fitted with state-of-the art technology including interactive white boards, sound systems and versatile furniture, to ensure a best-in-class digital learning environment for students. A similar development is currently underway at the Obafemi Awolowo University, Osun St...
Entrepreneurs chart path to business recovery

Entrepreneurs chart path to business recovery

Appointments
Entrepreneurs have listed measures that will help businesses to survive the impacts of COVID-19 pandemic. Chief Executive Officer, Abraham House School of Business, Mrs. Sarah Osarumwense, said COVID-19 offered new opportunity for businesses like capacity training in organisations. She recalled that the pandemic had undoubtedly affected all industries across countries and sectors. Osarumwense, who charged the business community to take advantage of the new opportunities created by COVID-19, noted that people had resorted to digital facilities like video conferencing, Google, Zoom, Skype and tools to work remotely. She said that to maintain relevance in the business and corporate world, members and individuals need training on modern digital skills and tools. She noted that during ...
Local airlines’ debt burden hits N22b

Local airlines’ debt burden hits N22b

Appointments
The Chartered Institute of Personnel Management of Nigeria (CIPM) has called on organisations to figure out how they can effectively drive work-life balance on employees to enhance their productivity. The Institute said this was necessary following the Coronavirus (COVID-19) pandemic that has forced many organisations to embrace the new normal of working from home. Registrar and Chief Executive Officer, CIPM, Busola Alofe, told The Guardian that organisations need to change their mindset that employees’ productivity is guaranteed when they see him or her sitting in the office, emphasising that what mattered most was quality of result. According to her, what organisations must start to do is to understand the connection between the workers’ lives at home and at work, noting tha...
IoD’s conference to address ethics, leadership deficit

IoD’s conference to address ethics, leadership deficit

Appointments
Concerned about happenings in the country’s political space, the Institute of Directors (IoD) Nigeria has said that this year’s conference would address leadership deficit ethically.   Addressing a press conference in Lagos, President and Chairman of Council, IoD, Chris Okunowo, said the recent protests by the youths showed there is a challenge of leadership and unethical practice by government. He said the conference with theme “Business Ethics, Leadership and Sustainability as New Frontiers of Corporate Governance”, presents another opportunity for the discourse of deepening good corporate governance, leadership and sustainability of organisations in a fast changing and challenging business, political and social environment. He explained that one of the key mandates ...
Hope PSBank announces board appointments

Hope PSBank announces board appointments

Appointments
…Abubakar as Board Chairman, Kuponiyi as Managing Director Hope PSBank, Nigeria’s premier Digital-first Bank and a subsidiary of Unified Payments has announced key appointments for the bank. The board has approved the appointments of Alhaji Shehu Abubakar as Chairman and Ayotunde Kuponiyi as Managing Director. The list of Directors includes Agada Apochi, Ochanya Dan-Ugo, Festus Eze Ikediasor, Ano Anyanwu and Nana Fatima Mede. While Mrs Mede and Mr Anyanwu are Independent Directors, Apochi, Ikediasor and Dan-Ugo are non-Executive Directors. Alhaji Abubakar has over 30 years of experience in the banking industry during which time he held strategic positions in different Banks. He worked at different times in International Merchant Bank, FSB International Bank, Fidelity...