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Business

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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FG Boosts MSME Financing with NCGC Initiative

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ICT

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

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ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

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SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

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SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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FG Boosts MSME Financing with NCGC Initiative

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ICT

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Capital Market

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Sovereign Trust Insurance Celebrates 2025 Customer Service Week

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APC Plans Mass Re-engineering of Federal System

The emerging APC administration is seriously considering mass re-engineering of the federal system, especially Ministries, Departments and Agencies (MDAs) to ensure the success of its policies and programmes when the party takes office at the federal level on May 29, 2015.

A senior APC chieftain confided in Business Journal in Abuja that considering that most of the heads of the MDAs were brought into office by the Peoples Democratic Party (PDP) or were clandestine card carrying members of the PDP, which had been in power since 1999, the success of APC policies may not be guaranteed under them.

The APC official said five basic criteria were being considered in the re-engineering process thus:
· Membership of PDP
· Level of Closeness to the Jonathan Administration
· Funding of Jonathan’s Presidential Campaign
· Those Tainted by Corruption/Incompetence
· Process of Nomination for Appointment

He said the last factor (nomination) is considered critical because many of the MDA heads were nominated by PDP chieftains, either on the basis of personal friendship or party loyalty and membership of PDP.Buhari

“Accordingly, leaving such MDA heads to operate within the emerging APC government could be considered as having PDP moles in the government,” the official said.

He added that what would make the process easier for the party is that the first tenure of the targeted officials will run out in 2015, which would open the door for an APC-appointed replacement without much rancor.

Responding to the development, an economic analyst in Lagos said:
“Well…it is a normal phenomenon for a new government to replace certain officials it considers too close or loyal to the previous regime, and as such could not be trusted, understand and have the capacity to implement the policies of the new administration. So, naturally, l expect some high-ranking officials to drop off the scene after May 29.”

However, another analyst insisted that performance should be considered as better benchmark in replacing heads of MDAs, being core professionals, rather than party affiliation.

In the final words of the APC chieftain:
“The re-engineering process is basically designed to root out politically incorrect individuals in the federal government system before they undermine the success of our government. The last thing we want are PDP moles in the system, setting up booby traps for the in-coming APC administration to fail.”

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Topics

Polaris Bank Clinches “Best Mobile App” Award at Digital Jurist Awards 2024

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NCDMB Challenges Media to Interrogate, Support Nigerian Content Performance

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Non-Performing Loans: Are Banks Innocent Victims?

The 322 Bankers’ Committee Meeting ended recently in Abuja with a resounding resolution to publish the names of bank debtors on August 1, 2015 under the so-called ‘Name & Shame’ initiative. The objective of this measure we were told is to recover the estimated N400 billion listed as outstanding bad debt in the banking sector.Even before the resolution of the Bankers’ Committee, a number of angry banks had already published such list of debtors in selected national dailies. Unity Bank Plc is one of them.

May 29: Unpromising Start, Promising Future                        

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Flydubai Announces 4th Year of Profitability, 25% Passenger Increase

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Ecobank Unveils Virtual Card for Online Payment

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2 Nigerians Emerge Winners in ITU 2020 Innovation Challenge

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PenOp Projects N14.8tn Pension Funds by End of 2022

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