2021 - Page 33 of 153 - Business Metrics

Naira crashes further to 580 to dollar

The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel market. Some Bureau de Change (BDCs)...

Finance3 years ago

eNaira portal goes live; records over 1m hits in 24 hours

The official website of the upcoming Central Bank of Nigeria’s (CBN) digital currency, the eNaira portal, has gone live, exactly one week to the planned launch...

Jigawa governor extols ex-immigration CGI, Babandede The Jigawa State Governor, Mohammed Badaru Abubakar has described the immediate past Comptroller General of Immigration, Mohammed Babandede, as a worthy son and ambassador of the state. He said every true son and daughter of the state must be proud of Babandede, who he said served the country meritoriously and brought honour and respect to the Immigration service. The governor said this at the weekend when the former CGI paid him a courtesy visit to appreciate his support throughout his more than five-year tenure of office. He said; “Well, we have to thank you very much because we had a worthy ambassador out there. I have seen and I know that the Nigeria Immigration Service never had it so well. It is not me that said it but the minister (Minister of interior, Rauf Aregbesola). It was a testimony for those of us who were there at the pulling out ceremony. “So, Jigawa sons and daughters will always be proud of you for being a good ambassador. And I'm sure that you are not tired. The time will come when we will need your service. I am very sure of that. The same passion that you have for the development of the country and the state will be demonstrated again and again. So I congratulate you for a very wonderful exit from civil service and a toast to a promising new beginning because the records are there.” Earlier in his words of appreciation to the governor, the former CGI said he was humbled and honoured by the governor’s support and encouragement. He said he was to be hosted by the people of his Hadejia hometown and Ringim at the weekend but that he could not enter the state without first paying homage to the governor. He said on the day of the pulling out ceremony, the governor was already on seat before 9a.m for a programme slated for 10a.m. Babandede said; “We have come to thank you for your support when I was the CG and even when I was leaving the service. You were the first person to arrive the pulling out ceremony. The programme was scheduled for 10a.m but before 9a.m you were already in your seat. That is a huge honour. If you were not there, the ceremony would have been different but when my own governor is on a seat, and my own emir was also on the seat, then there was nothing left. “I have also come to tell you that the emir of my hometown is organising dinner for me and the emir of Ringim is organising lunch for me on Sunday. They said they appreciate our modest contributions to our community, even though I have given them clear warning that there should be no political rallies because I have just retired and I have not indicated any intention to do anything.” Mr Babandede said he has no political ambition yet except that he wants to rest to think of the next chapter in his life. “One needs to rest, sit down properly before one decides on what to do. This clarification is important because social media could be terrible. Before you know it, stories will be flying around. “So I said I cannot enter Hadejia or visit Ringim without visiting the governor, that is the protocol. That is why I have come here. The intention is nothing. I didn't organise it but the people are doing so. It is simply to answer their call and thank them in return. They feel that one has done something for them and that is why they want to show respect. But the biggest respect for me is the one for my governor,” he added. He thanked the governor for what he described as changing the narratives in Jigawa State, saying unlike the culture of giving money to individuals in the past, the state could now boast of infrastructure and basic amenities. “My greatest anger with our political system is wasteful spending. Many people in our land believe that politics is about giving out money. So I must thank you for tightening the expenditure in Jigawa. We no longer hear of such wasteful spending in Jigawa again. To deal with my governor, you must be able to calculate properly. That is sanity. He brought sanity into public spending. “A lot of people have come and gone since independence and they were only known for giving individuals money. So when you ask them what they have done, it is nothing. I don't want to talk much because I just retired as a public servant.” But speaking about his nickname of a “Calculator governor,” the governor said he could not understand why the people have refused to get its meaning. The governor said his commitment to setting priorities right and getting value for money earned him the appellation. The governor said he had been in business for many years before venturing into politics, and that the responsibility of a leader should be to consider lives to be impacted by their decisions. He said if as a businessman he could not be wasteful with his resources, he did not see reasons that he should change as a public servant. He said; “People refuse to understand the reason people call me calculator; it is just value for money, that is, getting your priorities right at the right cost. “It is for a leader to judge between building a luxury house for himself and to provide basic services for the benefit of the people. You have to weigh options. For every expenditure, how many lives will be touched? That is the meaning of what we do, myself and Babandede. “Being a calculator is not about keeping money, calculating money or being stingy but it is about putting the priorities right and doing it well. And fortunately,I have been on the business side for a very long time. So I know prices for almost everything and I have contacts that know prices who can support. So we try to direct expenditure correctly.” The governor said no one can give him a price of N40,000 for what can be done for N20,000. “That is the calculator.”

General3 years ago

Jigawa governor extols ex-immigration CGI, Babandede

The Jigawa State Governor, Mohammed Badaru Abubakar has described the immediate past Comptroller General of Immigration, Mohammed Babandede, as a worthy son and ambassador of the...

Nigeria Losses N1.136 Trillion to Dwindling Oil Production

Commodities News & Agribusiness3 years ago

Oil price sustains third bullish week as supply tightens

Oil prices rose for a third week in a row to a near three-year high on Friday as global output disruptions have forced energy companies to...

Sports3 years ago

BREAKING: Anthony Joshua loses Heavyweight title in bloody fight

Anthony Joshua has lost his Heavyweight Champion of the World title to Oleksandr Usyk, Ukrainian undefeated unified Cruiserweight, in a largely one sided fight in Tottenham...

Oando, Aradel, GTCO, 12 other Drive NGX to N197Bn Gain

Markets3 years ago

Local bourse sees 0.05% uptick amidst profit-taking

The Nigerian Exchange Limited (NGX) has defied massive profit-taking pressure that weighed on it during the week to finally close in the green territory with a...

Sophos Accelerates Growth of MSP Connect

Technology3 years ago

Sophos Accelerates Growth of MSP Connect

Sophos, a global leader in next-generation cybersecurity, today announced accelerated worldwide growth of MSP Connect, Sophos’ award-winning program to help managed service providers (MSPs) increase customer management efficiencies, unlock new...

UBA Foundation gives staff, customers mental health awareness

Banking3 years ago

UBA exposes forex defaulters

The United Bank of Africa has published the names of some individuals who applied for Personal Travel Allowance (PTA) and bought cheap dollars at the bank...

Technology3 years ago

Minister assures Nigeria to get 5G by 2022

Isa Pantami, Minister of Communication and Digital Economy say the Five Generation (5G) network will be deployed in Nigeria in January 2022 and will aid surveillance...

STRIKE: Equity Market Records N102BN Loss

Markets3 years ago

Banking stocks bleed as equities shed N11bn

Investors in the equities market of the Nigerian Exchange Limited lost N11.02 billion at the end of trading on Wednesday as banking stocks declined for the...