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Group Chief Executive Officer

Lockdown: Firm partners Lagos to feed 10,000 people daily

Rendeavour, Africa’s largest private city developer and partner to the Lagos State Government on the Alaro City project, has commenced free food programme that will provide food for 10,000 people daily to cushion the effects of the lockdown imposed by the government to contain the spread of coronavirus pandemic in the state.
The Lagos State Government has started construction of another Isolation Centre.

Company donates air conditioners to Onikan isolation centre

As part of her contributions to government’s effort towards mitigating the spread of COVID-19 pandemic in Nigeria, Mandilas Group Ltd, the sole franchise dealer of Carrier air conditioners in Nigeria, has donated air conditioners in support of GTBank’s effort to create a 100-bed isolation centre at Onikan, Lagos.
Aliko Dangote, president of the Dangote Group and chief sponsor of the Dangote Foundation, says he wants to be like Bill Gates and try to give a chunk of his wealth to charity in the next few years.

Dangote supports Nigeria’s border closure policy

Dangote Cement Plc will soon boost its export sales as it prepares to inaugurate its Apapa, Lagos, export terminal. This will be followed by Onne, Rivers State, export terminal. The company disclosed this while commenting on its future plans following the release of its 2019 financial results.
Melee Kyari

FID on NLNG train 7 to be executed in December – NNPC chief

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Malam Mele Kyari, says the Final Investment Decision (FID) for Nigerian Liquefied Natural Gas (NLNG) Train 7 would be executed in December.

Ecobank appoints Nana Abban as consumer banking chief

Ecobank Transnational Incorporated (ETI) has appointed Nana Araba Abban as Group Head, Consumer Banking with immediate effect.
Ayo Adepoju

Ayo Adepoju named new Ecobank chief financial officer

Ecobank Transnational Incorporated, the Lome-based parent company of Ecobank Group, has announced the appointment of a new Chief Financial Officer (CFO).
Ethiopian Airlines CEO Tewolde Gebremariam holds a press briefing at the headquarters of Ethiopian Airlines in Addis Ababa, Ethiopia, Sunday, March 10

A strong Nigerian carrier is in Africa’s best interest – Ethiopian Airlines chief

The Group Chief Executive Officer, Ethiopian Airlines (ET), Mr. Tewolde Gebremariam, has made case for a strong air carrier for Nigeria, saying it would benefit Africa and help reduce dominance of foreign carriers (non-African airlines) on the continent.
Nigerian National Petroleum Corporation (NNPC)

GMD: NNPC will continue to support local companies

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has assured that the corporation would continue to support local companies, within the entire hydrocarbon value-chain, for the growth of the nation’s economy.

CSO urges SEC to review Oando’s sanction

A Civil Society Organisation (CSO), Initiative for Leadership and Economic Watch in Nigeria (ILEWN), has urged the Securities and Exchange Commission (SEC) to review the sanction it placed on Oando Plc to give room for equity and justice.

Oando: SEC debunks allegations of lack of due process in investigation

The Securities and Exchange Commission, SEC, has debunked all allegations insinuating lack of due and statutory processes in the investigation of Oando Plc.

Oando saga: Operators seek federal government intervention, laud SEC’s audit outcome

Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc.
Nigeria’s Securities and Exchange Commission’s claims that the group chief executive officer of Oando Plc, Wale Tinubu, his deputy Omamofe Boyo and the oil firm were involved in dubious activities cannot be substantiated

Oando: Court restrains SEC from removing Wale Tinubu, Omamofe Boyo

The Lagos Division of the Federal High Court has restrained the Securities and Exchange Commission (SEC) from removing Wale Tinibu and Omamofe Boyo as Oando Plc’s Group Chief Executive Officer (GCEO) and Deputy Group Chief Executive Officer (DGCEO), respectively.

Police take over Oando head office in Lagos

Officers and men of the Nigeria Police have taken over the head office of Oando PLC in Victoria Island, Lagos.

Oando management set to challenge SEC over board dissolution

Fireworks on the controversy over corporate governance issues in Oando Plc may begin today as the management of the company is set to contest the veracity of the sack of its directors by the Securities and Exchange Commission, SEC, last weekend.

Oando demands forensic audit report, rules out directors’ resignation

Oando Plc has demanded from the Securities and Exchange Commission the report of the forensic audit carried out by Deloitte & Touche for it to have a better understanding of the findings that culminated in the decisions taken by the commission.

Oando to challenge SEC’s ruling on forensic audit

Oando Plc said on Friday that it would challenge the Securities and Exchange Commission (SEC) ruling on the outcome of its forensic audit.

Oando: Why SEC ousted Wale Tinubu, Omamofe Boyo

After over a year of forensic audit, the Securities and Exchange Commission (SEC) has concluded investigation of Oando Plc and barred the Group Chief Executive Officer, Mr Wale Tinubu, from being a director of a public company for five years.

SEC orders Oando chief Wale Tinubu, others to resign

The Securities and Exchange Commission has concluded its investigation of Oando Plc and ordered the Group Chief Executive Officer of the company, Mr Wale Tinubu, and other affected board members to resign.

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Prime Minister Boris Johnson discussed telecoms security with US President Donald Trump as he prepares to announce if Britain will use China’s Huawei in its 5G networks, officials said Saturday.

Huawei will stop producing Kirin chipsets on September 15

Huawei will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of U.S. pressure on the Chinese tech giant grows. U.S. pressure on Huawei’s suppliers has made it impossible for the company’s HiSilicon chip division to keep making the chipsets, key components for mobile phone, Richard Yu, CEO of Huawei’s Consumer Business Unit was quoted as saying at the launch of the company’s new Mate 40 handset.
Speaker of the House of Representatives, Rep. Femi Gbajabiamila on the floor, moving a bill on the Repeal of Quarantine Act, 2004 at plenary yesterday at National Assembly Abuja. . Photo by Gbemiga Olamikan. 2

House of Reps uncovers abandoned power projects worth over N156 billion

The Federal House of Representatives, in it’s oversight function, has uncovered many power projects, put together at the cost of N156 billion, that are being abandoned or are yet to be completed by the Transmission Company of Nigeria (TCN).

Biafra group warns Miyetti Allah against operating security outfit in South-east, South-south

The Biafra Nations Youth League, BNYL, on Saturday, warned Miyetti Allah Kautal Haure not to allow the Fulani Security group to operate in the Southeast and Southsouth to avoid bloody confrontation by both groups.
Governor of Kaduna State, Mallam Nasir El-Rufai, has fully recovered from coronavirus. 4

Governor El-Rufai: South should produce next President

Barely a week after President Muhammadu Buhari’s closest ally and nephew, Malam Mamman Daura, spoke against zoning of presidency ahead of the 2023 election, Kaduna Governor Nasir El-Rufa’i has said the next President should come from the South.
The Lagos Waste Management Authority on Saturday said plans had been concluded to decommission its Olusosun and Solous landfill sites. The Managing Director of LAWMA, Dr Muyiwa Gbadegesin, said in a statement that the decommissioning was due to urban encroachment and increased human activities around the areas.

LAWMA arrests 13 cart pushers for environmental laws violation

Mr Ibrahim Odumboni, Acting Managing Director, Lagos State Waste Management Authority (LAWMA), said the authority arrested 13 cart pushers and seized 29 carts for violating environmental laws of the state.