Month: March 2024

Change of Guard At TVC, MD/CEO, Adrew Hanlon, Out, Victoria Ajayi In

ADEOLA YUSUF

. What to know about Ajayi, female MD/CEO at TVC   The Board of TVC Communications, owners of TVC News, TVC Entertainment channel, Max FM and Adaba FM, has announced that its CEO and Managing Director, Andrew Hanlon, is standing down after seven successful years leading one of Nigeria’s largest media companies. The development was revealed in a statement issued on Friday by the consultant of the media conglomerate. Victoria Ajayi has slso been announced as a replacement for Hanlon. Meet Victoria Ajayi Ajayi, the incoming Group CEO/MD, said: “I…

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Nigeria Sets Date To Implement Expatriates Employment Levy

ADEOLA YUSUF

Nigeria is poised to roll out the Expatriates Employment Levy, a move expected to not only generate revenue, but also promote local employment opportunities and skill development. The levy comes as a part of the government’s effort to bolster the nation’s economy and empower its workforce. It is scheduled to commence on March 15, 2024. President Bola Tinubu last Tuesday launched the EEL handbook in the Council Chamber of the State House in Abuja at a well-attended event that was graced by the Minister of Interior, Hon. Olubunmi Tunji-Ojo, and…

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“NLNG Supplied 493,000 Metric Tons Of LPG Into Nigerian market”

ADEOLA YUSUF

▪️Promotes increased gas utilisation and awareness to mitigate health risks associated with firewood usage Nigeria LNG Limited (NLNG) has noted reports indicating that it supplies 1.5 million metric tons of Liquified Petroleum Gas (LPG) to the Nigerian domestic market. NLNG would like to clarify that it annually provides close to 500,000 metric tons of LPG to meet market demands. This is in pursuit of its commitment to deliver 100% of its LPG production to the domestic market, a decision made by the Company’s Board of Directors in 2022. READ ALSO:…

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BUA Truck Attacked, Truckload of Spaghetti Looted + PHOTOS

ADEOLA YUSUF

Truck driver parked by the roadside to observe the Friday prayer.” You want to read details of how the we’re-hungry-chanting hoodlums struck, here!   Hoodlums have attacked a truck owned by BUA conveying cartons of spaghetti in the Dogarawa axis of Zaria-Kano Expressway. According to available information, the truckload of spaghetti in the BUA truck was on Friday attacked at about 3pm. READ ALSO: BREAKING: Yoruba Actor, Sisi Quadri, Is Dead Tinubu’s Nominee For CBN Job Rejects Appointment Army Uncovers 40 Wells Where Oil Thieves ‘Fetch’ Crude Oil Kunle Afolayan…

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CBN Revokes Licenses Of Over 4,000 Bureau De Change Operators

ADEOLA YUSUF

The Central Bank of Nigeria (CBN) has revoked the operating licenses of 4,173 Bureaux De Change (BDC) operators, citing non-compliance with regulations.   The CBN invoked its powers under the Bank and Other Financial Institutions Act (BOFIA) 2020, Act No. 5, and the Revised Operational Guidelines for Bureaux De Change 2015. According to Hakama Sidi Ali, the Acting Director of Corporate Communications at the CBN, the affected institutions failed to comply with various regulatory provisions. These include the non-payment of necessary fees, including license renewal fees, within the stipulated period as outlined…

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BREAKING: Yoruba Actor, Sisi Quadri, Is Dead

ADEOLA YUSUF

A Nollywood actor, Tolani Quadri Oyebamiji. popularly known as Sisi Quadri is reportedly dead. Oyebamiji’s death was announced by some of his colleagues in the Yoruba movie industry. Announcing his death, Nollywood actress, Abiola Bayo wrote on her verified Instagram handle, “You will be greatly missed, Sisi Quadri. May your soul rest in perfect peace”. Details later…

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Peseiro Resigns As Super Eagles Manager

ADEOLA YUSUF

Jose Peseiro has announced his departure from his Super Eagles head coach role. In a post on his X account on Friday, the Portuguese said his contract with the Nigeria Football Federation (NFF) had run out, and no new deal had been agreed on. Peseiro, appointed Eagles head coach in 2022, described his tenure as “22 months of immense dedication, sacrifice, emotion, and enormous enthusiasm”. He expressed gratitude to the players and top brass at NFF, adding that “we will always be there for you, no matter where you are”.…

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MTN Records N740bn Loss

ADEOLA YUSUF

MTN Nigeria Plc recorded a loss before tax of N177.8bn compared to a pre-tax profit of N518.8bn in the previous year. This significant shift was attributed to the telecom operator’s substantial forex loss of N740.4bn, a consequence of the steep devaluation of the naira in 2023. This was disclosed in the company’s audited results for the year ended 31 December 2023 released on Friday. The financial downturn, as indicated by MTN, resulted in a reported loss after tax amounting to N137bn. This sharp contrast was evident compared to the restated…

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It’s Unacceptable To Judge Me In 9 Months, Tinubu Tells Labour

ADEOLA YUSUF

President Bola Tinubu, yesterday, frowned at the protest called by the Nigeria Labour Congress, NLC, saying his administration cannot be judged after just nine months in office. The NLC and the Trade Union Congress, TUC, on February 8, issued a 14-day nationwide strike notice to the Federal Government over the failure to implement the agreements reached on October 2, 2023, following the removal of fuel subsidy. In response to the NLC, Tinubu said, “It is unacceptable to call for strike in just nine months of an administration,” saying it should…

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Osimhen, Oshoala Make 10th Nigeria Pitch Awards’ List + FULL LIST

ADEOLA YUSUF

Victor Osimhen, the reigning male African Footballer of the Year, has earned the highest nominations in four categories at the 10th Nigeria Pitch Awards. This was revealed on Thursday by the organisers of the Nigeria Pitch Awards through its voter collation agent, SIAO Partners. Osimhen, Nigeria’s Super Eagles forward, among other teammates and Super Falcons stars, were nominated in different categories. The unveiling of the nominations was held at the Ibis Hotels Ikeja, Lagos. The Napoli FC forward got the most nominations, including the ‘Striker of the Year’, ‘King of…

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