Business
Yewande Sadiku appointed head of investment banking at Standard Bank
Yewande Sadiku has been appointed as the head of investment banking international at Standard Bank.
This was confirmed in a statement on Wednesday by Gert Vogel, chief executive, Standard Bank, and Brian Marshall, the group head of investment banking of the institution.
The role, which is based in London, is to take effect from September 12, 2022.
Prior to Sadiku’s appointment, she was the executive secretary and chief executive officer of the Nigerian Investment Promotion Commission (NIPC) from November 2016 to September 2021.
Sadiku was also appointed to the Flour Mills of Nigeria Plc (FMN) board in February this year.
“Her role at NIPC is on institutional reforms aimed at strategic investment promotion and embedding a culture of governance and proactive accountability,” FMN had said.
Checks showed that under Sadiku’s leadership, NIPC improved in ranking from 90th (2016) to 1st (2021) in the Freedom of Information (FOI) rankings for compliance and transparency.
More so, under her stewardship, NIPC’s internally generated revenue also increased from N296 million in 2016 to N3.06 billion in 2020 of which over 50 percent of the revenue was remitted to the consolidated revenue fund.
Sadiku has an in-depth experience of over two decades in the investment banking sector; led a multi-disciplinary team, and managed key relationships with regulators — Securities and Exchange Commission (SEC) Nigeria, Central Bank of Nigeria (CBN), The Nigerian Stock Exchange (NSE), among others.
The Naira yesterday depreciated to N1,770 per dollar in the parallel market from N1,750 per dollar last weekend.
Similarly, the Naira depreciated to N1,675.62 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,675.62 per dollar from N1,652.62 per dollar last weekend, indicating N23 depreciation for the naira.
The volume of dollars traded (turnover) fell by 55.2 percent to $108.79 million from $243.05 million traded last week Friday.
Consequently, the margin between the parallel market and NAFEM rate widened to N117.38 per dollar from N97.38 per dollar last weekend.
The Nigeria National Petroleum Company Limited (NNPCL) has confirmed that the Port Harcourt Refinery in Rivers State has commenced crude oil processing.
The Chief Corporate Communications Officer of the compaanyy, Femi Soneye, broke the news on Tuesday.
Soneye revealed that the refinery will operate at 60 percent capacity and process 60,000bpd.
https://twitter.com/FM_Soneye/status/1861330633831620917?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1861330633831620917%7Ctwgr%5E776845f88f6fa6dd3c70082f4da1ee2632656999%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.vanguardngr.com%2F2024%2F11%2Fbreaking-port-harcourt-refinery-begins-crude-oil-processing%2F
“Today marks a monumental achievement for Nigeria as the Port Harcourt Refinery officially commences crude oil processing. This groundbreaking milestone signifies a new era of energy independence and economic growth for our nation,” Soneye said on Tuesday.
“Hearty congratulations to President Bola Ahmed Tinubu, the NNPC Board, and the exceptional leadership of GCEO Mele Kyari for their unwavering commitment to this transformative project. Together, we are reshaping Nigeria’s energy future!”
Soneye added that truck loading will commence on Tuesday (today), adding that the NNPCL is also “working tirelessly to bring the Warri Refinery back online soon”.
The National Bureau of Statistics (NBS) says Nigeria’s annual gross domestic product (GDP) grew by 3.46 percent in the third quarter (Q3) of 2024.
The NBS, in its GDP report published on Monday, said the growth rate is higher than the 3.19 percent recorded in Q2 2024.
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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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