News

President BOLA TINUBU has agreed to the appointment of UZOMA NWAGBA as Managing Director and Chief Executive Officer of the Nigerian Consumer Credit CorporationCREDICORP to further expedite the process of expanding consumer credit access to Nigerians. Other key appointments made yesterday include ADEREMI ABDUL who is to serve as Board Chairman independent non-executive director; AISHA ABDULLAHI, Executive Director of credit, Risk, and Portfolio; and OLANIKE KOLAWOLE, Executive Director of operations. The appointees include ARMSTRONG UME TAKANG as MOFI nominee; PETER IWEGBU as NIMC nominee, MOHAMMED NASIRU ABBAS as FMITI nominee,MARVIN NADAH as FCCPC nominee, and FMF representative, all of whom are non-executive directors. TINUBU expects the new members of the board to […]

President BOLA TINUBU has approved the appointment of board members for Family Homes Funds Limited FHFL. The media aid to the President, AJURI NGELALE in a short statement yesterday listed the new appointees as DEMOLA ADEBISE as Board Chairman, ABDUL MUTTALAB as Chief Executive Officer and Managing Director,ABDULLAHI MUSA as Executive Director, Finance, and EMEKA INEGBU as Executive Director, Operations. Others appointed to the board as non-executive directors include SAM OKAGBUE, MUSA AHMED, ENIANG NKANG, BILKISU USMAN, and representatives of the Ministry of Finance Incorporated and Nigeria Sovereign Investment Authority NSIA. The President expects the new members of the board to […]

The Director General of the National Space Research and Development Agency, NASRDA, MATHEW ADEPOJU has announced that they are sending Nigeria’s first citizen into space. ADEPOJU at a press conference in Abuja yesterday said that the government had signed a Memorandum of Understanding MoU, with the Space Exploration and Research Agency SERA, to facilitate the ambitious venture. He stated that the collaboration, which is coming to the country, marks a significant milestone in Nigeria’s 25th anniversary of the Space Exploration journey and opens […]

The Chief Executive Officer Nigerian Upstream Petroleum Regulatory Commission NUPRC,GBENGA KOMOLAFE has announced an extension to the 2024 licensing bid round registration by 10 days to allow interested investors to take advantage of the expanded opportunities. KOMOLAFE who announced this yesterday in Abuja explained that in pursuit of the commission’s commitment to derive value from the country’s oil and gas reserves and increase production, the commission has been working assiduously with multi-client companies, to undertake more exploratory activities, acquire more data to […]

The Central Bank of Nigeria CBN has released its approved guidelines to regulate the activities of Bureau de Change BDC operators in the country. In its new circular released yesterday, the minimum capital base for Tier-1 BDCs is two billion Naira and that of Tier-1 is set at five hundred million naira while the mandatory caution deposit of 200 million Naira for tier-1 BDC license holders was removed and fifty million naira for tier-2 license holders was waived. The Director of Financial Policy and Regulationof the Apex Bank HARUNA MUSTAFA, said the approved guidelines take effect from June 3, 2024. The […]