The World Bank Group has announced the 30-month debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and Chief Executive Officer, Mr Norman Didam, for fraudulent, collusive, and corrupt practices linked to the National Social Safety Nets Project in Nigeria. In a statement on Monday, the World Bank disclosed that the project aimed …

The President/CEO of the popular financial service company of OPay Nigeria, Mr. Olu Akanmu has resigned from his position. Announcing his exit from the company in a tweet on Monday, Akanmu did not give reasons for his decision. He expressed gratitude to his colleagues at OPay for their collaborative efforts in deepening financial inclusion in Nigeria. A former Executive Director …

The World Bank on Monday named Nigerian, Damilola Ogunbiyi of Sustainable Energy for All among the 15 chief executive officers including financiers and asset managers to a group launched by the lender’s president, Ajay Banga, aiming to marshal more private capital to combat climate change and boost investment in developing countries. The “Private Sector Investment Lab” will begin work in …

Dangote Cement Plc has announced the appointment of Arvind Pathak as the company’s new Chief Executive and Managing Director. The company disclosed in a statement that the new CEO’s tenure begins on 1 March. It stated that Pathak will replace Frenchman Michel Puchercos, who will exit from the firm at the end of February after three years at the helms …

Tony Elumelu Foundation, a leading philanthropic organisation empowering young African entrepreneurs, has appointed Somachi Chris-Asoluka as Chief Executive Officer, following the retirement of Ifeyinwa Ugochukwu. In a statement by the Foundation, it stated that the appointment would take effect from 1st March. It noted that Chris-Asoluka joined the foundation in 2014, and had served as the Foundation’s head of research, …