- Names head of service, perm secs for FCT
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- Stock market investors pocket N837bn
President Bola Tinubu has approved the appointment of Dayo Mobereola as the Director-General of the Nigerian Maritime Administration and Safety Agency for a renewable term of four years.
Mobereola replaces Bashir Jamoh, whose tenure recently expired.
His appointment was announced in a statement on Tuesday by the President’s Special Adviser on Media and Publicity, Ajuri Ngelale.
Mobereola holds a Ph.D. and an M.Sc. in Transport Economics from the University of Wales, United Kingdom.
He is a fellow of the Chartered Institute of Transport, England, and a fellow of the same institute in Nigeria.
He was the Managing Director of Lagos Metropolitan Area Transport Authority from 2003 to 2015 and was also the Commissioner for Transportation in Lagos State from 2015 to 2016.
In the private sector, he was Deputy Managing Director and Project Development Director at AFM Consulting Plc, London.
Mobereola was also Senior Economist at British Petroleum Shipping Limited, London.
The President expects the new Director-General to “bring his vast experience to bear in his new role and to achieve the mandate of NIMASA in providing world-leading standards of maritime safety administration, maritime labour regulation, marine pollution prevention and control, and search and rescue,” read the statement.
Tinubu also expects Mobereola to improve “cabotage enforcement, shipping development and ship registration, in accordance with the policies and programmes of his Renewed Hope Agenda for the sector as guided by the Minister of Marine and Blue Economy, Adegboyega Oyetola.”
Tinubu appoints head of service, perm secs for FCT
In another development, President Tinubu has approved the appointment of a Head of Service, Permanent Secretaries in the nine Secretariats of the Federal Capital Territory Administration, and other members of the FCT Civil Service Commission.
This was made known in a statement by Anthony Ogunleye, Chief Press Secretary to the FCT Minister, Nyesom Wike, on Tuesday.
The minister had, in October 2023, announced that he had received the approval of the President for the establishment of the Civil Service Commission of the Federal Capital Territory.
Wike had also disclosed during a meeting with the directors of the FCTA and the Federal Capital Development Authority on Monday, March 4, 2024, that the commission would appoint nine permanent secretaries to oversee the secretariats.
In his statement, Ogunleye said the President approved the appointment of a Chairman, six others as Commissioners of the CSC, and the Head of Service, and nine others as Permanent Secretaries.
The statement read, “His Excellency, President Bola Ahmed Tinubu, has approved the appointment of the Chairman and Commissioners of the FCT Civil Service Commission.
“They are: Emeka Ezeh, Chairman; Hon. Ahmed Mohammed, North West; Chief Anthony Okeah, South-South; Mohammed Magaji Ibrahim, North East; Miskoom Alexander Naantuam, North Central; Hon. Jide Jimoh, South West; Martin Azubike, South East.
“Also, to strengthen the bureaucratic structure of the Federal Capital Territory Administration, Mr. President equally approved the appointment of the Head of the Civil Service and Permanent Secretaries in the FCT Civil Service.
“Mr. Atang Udo Samuel is appointed as the Head of the Civil Service and the following as Permanent Secretaries: Dr Adam Babagana, North East; Wanki Adamu Ibrahim, North East; Asmau Mukhtar, North West; Dogo Aliyu Wadata Bodinga, North West; Olisa Olusegun, South West; Adetoyi Rabiu Kolawole, South West; Grace Adayilo, North Central; Olubunmi Olowookere, North Central; Ibe Prospect Chukwuemeka, South East; Okonkwo Florence Nonubari, South-South.
The appointments take immediate effect. The appointees will be sworn in on Monday, March 18, 2024.”
Similarly the President approved the appointments of heads of critical agencies of the FCTA, including, Abdulkadir Zulkarfi, as Coordinator Satellite Town Development Department; Chief Felix Obuah, as Coordinator Abuja Metropolitan Management Council; and Oladiran Akindele, as Coordinator, Abuja Infrastructure Investment Council.
Stock market investors pocket N837bn as NGX All-share index gains 1.45%
The Lagos bourse sustained the winning streak on Tuesday as the benchmark index jumped by 1.45 percent to settle at 103,524.44 points.
Equities investors smiled at the bank at the close of trading with a gain of about N837 billion.
Interest in telco heavyweight, MTN Nigeria(+9.98%), alongside sustained interest in Transcorp Power Plc, (+2.44%), and GTCO (+2.63%), offsetting selloffs in Dangote Sugar Refinery Plc (-5.23%), Transnational Corporation Plc, (-4.49%) and NASCON, (-6.77%), kept the market in the positive terrain.
The year-to-date return of the local bourse rose to 38.45 percent, while market capitalization gained N836.58 billion to close at N58.53 trillion.
Analysis of Tuesday’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 16.76 percent.
A total of 565.79 million shares valued at N14.23 billion were exchanged in 11,519 deals.
TRANSCORP (-4.49%) led the volume chart with 170.72m units traded, while TRANSPOWER (+2.44%) led the value chart with deals worth N3.51 billion.
Market breadth closed positive at a 2.36-to-1 ratio with advancing issues outnumbering the declining ones.
UBA (+10.00%) topped thirty-two (32) others on the leader’s table while TANTALIZER (-7.89%) led thirteen (13) others on the laggard’s log.
Meanwhile, the naira appreciated by 0.9 percent to N1,603.38/$ at the Nigerian Autonomous Foreign Exchange Market while the overnight lending rate expanded by 8bps to 31.9 percent in the money market, in the absence of any significant funding pressure on the system.
Also, the NTB secondary market traded with bullish sentiments as the average yield contracted by 3bps to 18.8 percent.
Across the curve, the average yield declined at the short (-1bp), mid (-1bp), and long (-6bps) segments following buying interest in the 86DTM (-1bp), 177DTM (-1bp), and 254DTM (-84bps) bills, respectively. Meanwhile, the average yield increased by 2bps to 18.8 percent in the OMO segment.
The FGN bond secondary market activities were mixed but with a bearish tilt as the average yield remained at 18.0 percent.
Across the benchmark curve, the average yield expanded slightly at the short (+1bp) end as market players sold off the MAR-2024 (+3bps) bond but closed flat at the mid and long segments.
