Home Topics Chief Executive Officer

Chief Executive Officer

Speaking with newsmen, the managing director of the company, Gabriel Ogbechie, said, “How could I be attacked in Asaba while I am in my house in Lagos? I have called my outlets in Asaba and indeed Delta, none of them were attacked.

#EndSARS: Rainoil chief not attacked in Asaba – management

The management said contrary to insinuations, the CEO was not in Delta State as at the said time and he did not suffer any attack whatsoever.

CSCS sensitizes financial market stakeholders on cyber-security

Central Securities Clearing System (CSCS) Plc, Nigeria’s capital market infrastructure, is ramping up its cyber-security advocacy as it sensitizes financial market participants on rising rate of cybercrime.
The Federal High Court Abuja has affirmed that Engr. Ibrahim Shehu-Gusau remains the president of the Athletics Federation of Nigeria (AFN) while sacking the board led by Olamide George.

AFN supremo faces World Athletics life ban

Athletics Federation of Nigeria, AFN, president Ibrahim Shehu Gusau risks being slammed a life ban by the Athletics Integrity Unit, AIU, following a petition by nine members of the board of the federation accusing the former federal legislature of violating some articles of World Athletics Integrity Code of Conduct.

Lagos launches N5 billion support capital for low-cost schools

Lagos State Government in partnership with First Bank of Nigeria has launched N5 billion Post-Coronavirus (COVID-19) Recovery Support capital for the education sector to support low-cost private schools across the state in mitigating the negative impact of the pandemic.
Apparently to thank him for the peaceful outcome of the just concluded Edo state Governorship Election, newly re-elected governor of Edo state, Godwin Obaseki, Friday paid an appreciation visit to President Muhammadu Buhari at the Presidential Villa, Abuja.

Presidency: Why President Buhari renewed appointments of PTDF, PEF, NCDMB chiefs

President Muhammadu Buhari has renewed the appointments of Chief Executive Officers of agencies under the Ministry of Petroleum Resources.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE, others commit to expanding retail investment opportunities in capital market

The Nigerian Stock Exchange (NSE), Nigerian International Securities Limited (NISL) and the Chartered Institute of Stockbrokers (CIS) on Monday commited to expanding retail investment opportunities in the capital market.

Public, private schools resume physical classes in Lagos

Students in Senior Secondary School 2 and Junior Secondary School 3 in both public and primary schools, on Monday, resumed physical presence across the state.
China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app.

TikTok owner seeking $60 billion valuation in US deal

China’s ByteDance Ltd. is seeking a valuation of $60 billion for TikTok as Oracle Corp. and Walmart Inc. take stakes in the short-video app’s business to address U.S. security concerns, according to a person familiar with the matter.

Kano Disco clarifies new tariff increment, assures customers of improved supply

The Management of Kano Electricity Distribution Company (KEDCO) says the new tariff increment as approved by Nigerian Electricity Regulatory Commission (NERC) is not applicable to all its customers in Kano, Katsina and Jigawa States.

Senator Tinubu felicitates with ex-Governor Tukur at 85

Sen. Bola Tinubu, National Leader, All Progressives Congress (APC), has felicitated with the former Peoples Democratic Party (PDP) National Chairman and businessman, Alhaji Bamanga Tukur, as he clocks 85.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

EFCC re-arraigns Mama Boko Haram, others for fresh N97.4 million fraud

The Economic and Financial Crimes Commission, EFCC, Maiduguri zonal office, on Monday, September 14, 2020 re-arraigned Aisha Alkali Wakil, a.k.a “Mama Boko Haram” before Justice Aisha Kumaliya of the Borno State High Court, Maiduguri on three fresh separate offences of fraud to the tune of N97,400,000.00 (Ninety-Seven Million, Four Hundred Thousand Naira) only.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil moves higher as storm threatens United States Gulf Coast

Oil prices rose on Monday as a tropical storm in the Gulf of Mexico prompted drillers to evacuate rigs and shut-in production.
Lagos Airport – Operations of Arik Air were on Monday shut down by the aviation unions over alleged non-payment of staff salaries since April after placing many of the workforce on compulsory leave and other anti-labour practices.

Passengers groan as aviation unions shut Arik operations

Operations of Arik Air were on Monday shut down by the aviation unions over alleged non-payment of staff salaries since April after placing many of the workforce on compulsory leave and other anti-labour practices.
Workers are seen underground South Africa's Gold Fields South Deep mine in Westonaria, 45 kilometres south-west of Johannesburg, South Africa, March 9, 2017. REUTERS-Siphiwe Sibeko-File Photo

World’s gold miners wary of production ramp-up despite price surge

The world’s top gold miners are retrenching after COVID-19 related shutdowns despite record prices for the yellow metal, with cost-conscious executives prioritizing investor returns over production growth.

Aviation unions shuts down Arik Air operations over 90% staff layoff, anti-labour practices

Operations of Arik Air were on Monday shut down by the aviation unions over alleged non payment of staff salaries since April after placing 90 per cent of the workforce on compulsory leave and other anti-labour practices.

Arik Air seeks minister’s intervention in unions strike action threat

Arik Air weekend wrote a letter to the Minister of Labour and Employment, Chris Ngige, asking him to intervene in the threat by two aviation unions to commence strike action and ground the operations of the airline with effect from today (Monday).

Arik Air: Unions’ strike threat abuse of leadership position

The letter read in part: ”We strongly believe that the threat of strike action without an exhaustive use of the various channels of engagement, discussion, consensus and understanding is faulty and unlikely to yield the best outcomes for staff, the company and its faithful passengers.”
Benin Electricity Distribution Plc. (BEDC)

Benin Disco allays fears on new electricity tariff system

The Managing Director/Chief Executive Officer, Benin Electricity Distribution Company (BEDC), Mrs Funke Osibodu, yesterday, allayed fears of customers in the franchise states over the new Service-Based Tariff, (SBT), saying that they will now pay appropriate rates for services rendered based on its availability.

Recent Stories

Justice Edward Asante, President of the ECOWAS Court of Justice, has underscored need for establishment of legal system to assist Ivoirians approach court for protection of their human right.

Virtual sessions stay after pandemic – ECOWAS Court

The ECOWAS Court of Justice says it is not going back on holding virtual sessions, judgments and court processes, especially in view of its affordability to the common citizens of the community.
Voters in the Seychelles elected a new president as Wavel Ramkalawan defeated the incumbent in his sixth leadership attempt.

Seychelles opposition wins presidency for first time in 43 years

The Seychelles elected an opposition candidate as president for the first time since 1977, authorities announced on Sunday, and winner Wavel Ramkalawan reaffirmed a pledge to hike the minimum wage after COVID-19 stifled the tourism-dependent economy.
Liam Neeson’s thriller “Honest Thief” repeated as the winner of a subdued domestic box office with $2.4 million at 2,502 locations.

Liam Neeson thriller ‘Honest Thief’ tops quiet U.S. Box Office again

The Open Road release declined 44% from its opening frame and has taken in $7.5 million in its first 10 days in North America. The distributor added screens in New York state following New York Gov. Andrew Cuomo’s decision to give movie theaters outside of New York City permission to reopen at reduced capacity starting on Oct. 23.
Zimbabwe President Emmerson Mnangagwa is at odds with a business tycoon who could help Zimbabwe. Jekesai Njikizana -AFP

Moscow to assist Zimbabwe in overcoming consequences of EU, US sanctions

Russia will enhance investment cooperation with Zimbabwe and promote the African country’s socio-economic development to help it overcome the consequences of U.S. and EU sanctions, an official said on Sunday.

SMEDAN collaborate with Zamfara on fashion, arts and craft skills

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in collaboration with the Zamfara State Government will host Youths, Women and those with Disabilities to a Talent Hunt Programme in Fashion, Arts and Craft skills.