Extra - Business Metrics

CAC raked in N19b revenue in 2020

Jan 14, 2021Jan 16, 2021 Banjo Olaniran

CAC raked in N19b revenue in 2020 Registrar-General, Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has said the organisation raked in more than N19 billion as Internally Generated Revenue (IGR) last year. Abubakar made this known in an interview with the News Agency of Nigeria (NAN) yesterday in Abuja. According to him, in spite of the COVID-19 pandemic that affected economic activities, the commission recorded increase in the registration of businesses and other corporate entities during the year. “The year 2020 was one of our best years in terms…

NCC mourns loss of staff, family in road accident

Jan 10, 2021 Umar Suleiman

NCC mourns loss of staff, family in road accident The Nigerian Communications Commission (NCC) has expressed shock and deepest grief over the loss of its staff, Mr. Nuhu Hamman’Gabdo in a road accident. Hamman ’Gabdo died alongside his wife, four children, his niece and driver in an accident that occured on Saturday, January 9, 2021 along Nasarawa-Abuja Expressway while the deceased and his family were returning from his country home, Serti in Gashaka Local Government Area of Taraba State. Until his death, Hamman ’Gabdo was a Principal Manager in the…

Who is the richest person in the world? It’s ELON MUSK!

Jan 9, 2021Jan 9, 2021 Business Metrics

Who is the richest person in the world? It’s ELON MUSK! A new answer has just been provided to the age long question: Who is the world’s richest person? Or who is the richest person in the world? To be the answer to this question is an arduous task and to remain the answer over time is even more difficult. A new record for the World’s richest person has just been set by Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX. He is now the richest person on…

Paternity scandal: FCMB MD embarks on leave as probe begins

Jan 5, 2021Jan 6, 2021 Banjo Olaniran

Paternity scandal: FCMB MD embarks on leave as probe begins The Managing Director, First City Monument Bank Limited (FCMB), Adam Nuru, has volunteered to go on leave to enable the bank to investigate the paternity allegations against him. This was disclosed in a statement by the bank on Tuesday. The statement read, “We are aware of several stories circulating across several media platforms about our bank’s Managing Director, Adam Nuru; a former employee, Mrs Moyo Thomas, and her deceased husband, Mr Tunde Thomas. “While this is a personal matter,…

My Bank. My Wife and The New Social Order

Jan 4, 2021Jan 4, 2021 Banjo Olaniran

My Bank. My Wife and The New Social Order Let me first out myself. I am a former Employee of FCMB. I worked there for a bit in the securities trading arm, CSL. CSL is a legendary institution that continues to be the corner piece of the Nigerian Capital Market. I was the Head of Local Business. One thing that attracted me to the firm was its legacy. Its founder, Chief Subomi Balogun was a hero of sorts to young Stockbrokers like myself. He had built the institution from…

FCMB bows to pressure to probe MD’s marriage scandal

Jan 3, 2021 Banjo Olaniran

FCMB bows to pressure to probe MD’s marriage scandal The Board of First City Monument Bank (FCMB) has finally reacted to the alleged paternity scandal trailing its managing director, Mr Adam Nuru. Nuru had allegedly had a romantic affair with a former married employee of the financial institution identified as Mrs Moyo Thomas. The alleged affair produced two children, who the husband of the ex-staff, Mr Tunde Thomas, believed were his until his wife broke the news that they allegedly belonged to Mr Nuru. According to a petition…

59th FirstBank Lagos Amateur Golf Open Championship tees-off

Dec 30, 2020 Banjo Olaniran

59th FirstBank Lagos Amateur Golf Open Championship tees-off Nigeria’s premier and leading financial inclusion services provider, First Bank of Nigeria Limited has announced that the 59th edition of its annually sponsored Lagos Amateur Golf Championship. The tournament teed-off at the golf section of Ikoyi Club 1938 on Monday, 28 December 2020, according to the bank in a press statement made available to Business Metrics. The competition, which is one of the longest running international amateur events in the country, is endorsed by the United State Golf Association (USGA) and…

Five killed, many injured in Lagos gas explosion

Oct 8, 2020 Banjo Olaniran

At least five persons have been confirmed dead and several others injured after an early morning explosion at a gas plant in Baruwa, a densely populated neighbourhood in Alimosho area of Lagos. Also, preliminary reports indicated that 89 shops, 47 buildings including a primary school and church as well as 23 electric poles, two transformers, gas tankers, one tricycle and a motorcycle were ravaged in the explosion said to have occurred around 5:45am. At least five persons have been confirmed dead and several others injured after an early morning explosion…

National Assembly shifts PIB deliberations to 2021 –National FG

Oct 7, 2020Oct 7, 2020 Business Metrics

Deliberations on the Petroleum Industry Bill (PIB) by the National Assembly has been shifted to the first quarter of next year, the Minister of State for Petroleum Resources, Timipre Sylva, has said. At the sidelines of the Joint Executive-Legislature Leadership Retreat at the Presidential Villa Banquet Hall in Abuja, Sylva told journalists that the National Assembly said they need to work on the 2021 Appropriation Bill. This, according to him, was one reason why deliberations on the PIB had to be shifted, adding that the lawmakers explained that the 2021…

[Nigeria @60] Full Speech: Buhari’s Independence Day Address

Oct 1, 2020 Business Metrics

Buhari set to sign N13.58trn 2021 budget

INDEPENDENCE DAY ADDRESS BY HIS EXCELLENCY, MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA ON THE OCCASION OF NIGERIA’S SIXTIETH INDEPENDENCE ANNIVERSARY, THURSDAY 1ST OCTOBER 2020 Fellow Nigerians I speak to you today as your President and fellow citizen on this epoch occasion of our country’s 60th independence Anniversary. As President, I wish to renew my appreciation to Nigerians for entrusting me with your hopes and aspirations for a better and greater Nigeria. Today, it is my unique privilege to re-commit myself to the service of this great country…