Chief Operating Officer
NNPC begins work on Port Harcourt refinery
The Nigerian National Petroleum Corporation (NNPC) has kicked off construction work in the Port Harcourt Refinery rehabilitation project with a firm commitment not to fail Nigerians. A statement on Friday by the Group General Manager, Group Public Affairs Division of the NNPC, Dr Kennie Obateru, quoted the NNPC Chief Operating Officer, Refineries & Petrochemicals, Engr Mustapha Yakubu, as saying that everything was being done to ensure that the project is delivered hitch-free and on schedule. Speaking at the Technical Kick-off Meeting for the project held at the Port Harcourt Refinery Complex, Alesa Eleme, Rivers State, Engr Yakubu said everything about the project had been carefully worked out to ensure that the target of at least 90% refining capacity is achieved when operational. “I...
NGX records N419 billion growth in April
The market capitalisation of the Nigerian Stock (NGX) recorded a growth of N419 billion in April due to impressive first quarter results declared by some companies. Specifically, the market capitalisation which closed trading in March at N20.428tn rose by N419bn to close at N20.847tn in April. Similarly, the All-Share Index inched higher by 789.29 points to close at 39,834.42 in contrast with 39,045.13 recorded in March. Royal Exchange Assurance emerged the best performing stock for April in percentage terms, growing by 89.29 per cent to close at 58k per share against 28k recorded in March. Linkage trailed with 41.87 per cent to close at 85k in contrast with 60k posted in the comparative month. Speaking on the performance of the stock market, Mr Ambrose Omordion, the Chief Operating Office...
Peter Obaseki retires as FCMB chief operating officer
The Board of Directors of FCMB Group Plc has announced the retirement of Peter Obaseki, the Chief Operating Officer of the financial institution, with effect from March 1, 2021. He was also an executive director of the group. Mr Obaseki’s retirement was approved at a meeting of the Board of the FCMB Group on February 26, 2021. This has also been announced in a statement to the Nigerian Stock Exchange (NSE) by the financial institution. The Chairman of FCMB Group Plc’s Board of Directors, Oladipupo Jadesimi, thanked Mr Obaseki for his valuable service and excellent support to the Board for many years. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get ...
FIFA announces appointment of chief operating officers for Women’s World Cup 2023
On Tuesday, world football governing body, FIFA, announced the appointment of two Chief Operating Officers (COOs) in Australia and New Zealand respectively for the FIFA Women’s World Cup 2023 that will be jointly hosted by both countries. Last year, the pair took up the initial appointment to lead the FIFA Women’s World Cup office in their respective host countries. Now, Jane Fernandez has officially been named as the COO for Australia, with the New Zealand COO position going to Jane Patterson, officially too. The Australian Fernandez led Football Australia’s successful joint bid to host the FIFA Women’s World Cup 2023. Upon a successful bidding, she was appointed Head of the FIFA Women’s World Cup 2023 Office for Australia. Her vast background in organising successful competitions include...
Bible Society appoints new CEO-designate
The Bible Society of Nigeria (BSN) on has announced the appointment of Pastor Samuel Sanusi as its new General Secretary/ Chief Executive Officer-Designate. BSN Manager, Media and Public Relations, Mr Benjamin Mordi, disclosed in a statement on Saturday in Lagos. Newsmen report that Bible Society of Nigeria is a not-for-profit interdenominational Christian organisation. It translates the Bible into local languages, publishes, distributes, raises funds for the Bible work and organises life-transforming programmes. So far, it has translated the full Bible into 26 Nigerian Languages, while translation revision is on-going in 10 Nigerian Languages. According to him, Sanusi will be taking over from the incumbent General Secretary/CEO, Dr Dare Ajiboye, who will be retiring in June 2021. He said ...
DPR seals off 15 illegal gas outlets in Kogi
The Department of Petroleum Resources, DPR, on Thursday moved heavily against persons dealing illegally in the sales of domestic gas in Kogi State, sealing off 15 retail gas outlets in the process. The operators of the outlets were subsequently arrested and handed over to men of the Nigerian Security and Civil Defence, NSCDC who were part of the special committee set up to go round the Lokoja metropolis. Speaking during the raid, the Chief operating officer, Idris Mohammed said that the raid became necessary in view of the proliferation of retail outlets sited in a residential areas, which run contrary to the safety rules laid down by the DPR. He said that the affected outlets have refused to heed to the repeated calls on them to approach DPR to obtain necessary guidelines for operating re...
Nigerian government approves e-SIM trial for MTN
MTN Nigeria Plc (MTN) has announced the trial of e-SIM services on its network based on approvals received from the Federal Government. The trial which kicked-off on Wednesday will run for one year and is open on a first come first served basis to a limited number of subscribers who own compatible devices, a statement from MTN said. Chief Operating Officer, MTN Nigeria, Mazen Mroue, said the company was eager to get through the trial process so that the technology can be deployed for the benefit of every Nigerian. “We are in a fast-paced digital age with new technological advancements driving the constantly changing landscape. Against this backdrop, customers depend on us to provide high quality, reliable and easy-to-use connectivity solutions. “With the introduction of the e-SIM, we will ...
Nigerian stocks down by N1.14 trillion in first half
Nigerian stocks closed the first half down with average loss of 8.80 per cent, equivalent to net capital depreciation of N1.14 trillion as investors struggled with a threesome of domestic macroeconomic uncertainties, global decline in crude oil price and trade wars and the ravaging COVID-19 pandemic. Benchmark indices at the Nigerian Stock Exchange (NSE), which are generally regarded as sovereign equity indices for Nigeria, showed that Nigerian stocks swiveled through steep decline in first quarter and a major recovery in early months of the second quarter, closing the six-month period with net loss of N1.14 trillion. The All Share Index (ASI), a common value-based index that tracks all share prices at the Exchange, closed first half at 24,479.22 points as against 26,842.07 points recorded...
Senate calls for quick diversification of economy, frowns against high cost of oil production
The upper chamber of the National Assembly has called on the federal government to quickly diversify the economy, following the high cost of oil production without commensurate result. Berating the Nigerian National Petroleum Corporation (NNPC) for the high cost, which resulted into marginal profit of just $3 per barrel for the country, the Senate noted that the high cost of oil production in the country is higher than other oil producing nations. This development was noted when when officials of NNPC appeared before the Senate Committee on Finance. The Senate also noted that the high cost of oil production which is $21.2 per barrel, almost equaling $25 per barrel oil price benchmark fixed for the N10.509 trillion 2020 revised budget. The upper chamber expressed its displeasure when the Ch...
NNPC explains parameters for employment, career progression
The Nigerian National Petroleum Corporation (NNPC) has explained the parametres for employment as well as career progression in the corporation, using the recently concluded Graduate Trainee employment process as well as top Management promotion exercise executed by the corporation as an illustration. The National Oil company says unblemished academic competence, logical thinking, ability to engage meaningfully in problem solving in addition to federal character are key to becoming an employee of the corporation. To progress in the Management cadre, professional competence, accountability and transparency as well as ensuring national spread in top management positions are critical factors that are not negotiable. Explaining the parametres, NNPC Group General Manager, Group Public Affairs D...
