COVER
DAILY ASSET Rebrands, Enhances Masthead, Appoints New GM, Other Senior Staff
By Orkula Shaagee, Abuja
As part of activities marking the Fifth Anniversary of DAILY ASSET Newspaper, the Management of the Abuja-based daily has introduced a new Masthead to enhance the paper’s aesthetics towards further market penetration.
DAILY ASSET hit the newsstands on June 12, 2017 and celebrated its Fifth Anniversary on June 23 with a Roundtable on “The Media, National Economy Politics and 2023 Elections,” a colourful ceremony that drew out professionals and decision-makers in the nation’s private and public sectors.
Its Publisher and Editor-in-Chief, Dr Cletus Akwaya explained in a statement in Abuja at the weekened that the new Masthead reflected the clarity, courage and tenacity with which the Newspaper will proceed in the next phase of its journey in the treatment of news and every other editorial materials.
“DAILY ASSET is gradually carving a niche for itself and hopes to maintain its distinct personality in the crowded media space hence the new Masthead.
“We hope to make the Newspaper unmistakable in both physical appearance and editorial content. We shall do this by producing everyday, a beautiful copy with content, based on facts and in constant defence of the treasured truth in line with our Motto “ Truth is Treasure,” the statement said.
The Publisher also stated that henceforth, the company’s branded items, will bear the new logo as a symbol of identity, pride and encouragement to the staff.
“It shows growth, progress and gives the stakeholders a sense of accomplishment in the journey we have embarked upon,” Akwaya, a former Commissioner of Information in Benue State and former, Group Managing Director of Leadership Newspapers Group explained in the statement.
Meanwhile, the Newspaper company has announced the appointment of three new senior personnel as part of strategies to reposition the Newspaper in the pursuit of its new corporate goals.
The new appointees include David Shodeinde, General Manager Marketing; Josephine Iorzua Assistant Manager, Advert and Eze, Special Coverage Editor
David Shodeinde-General Manager Marketing:
David Shodeinde is a prolific advertising practitioner and marketer. He holds a BSc and MBA from the Ahmadu Bello University, Zaria and currently studying for an MSc, Business Administration at Bingham University, Karu, Abuja. He is a goal-getter, target-driven and excellent service delivery manager. A strong negotiator and client/management relationship builder.
He horned his advertising skill in Daily Trust Newspaper, where he rose to the position of Head of Advert, creating advertising solutions to diverse clients.
He also had a stint with Daily Times and some multimedia organization in Lagos.
Shodeinde is innovative and entrepreneurial biased and has proven capacity to work with little or no supervision to accomplish difficult schedules.
While at Daily Trust, Shodeinde was responsible for creating new businesses and a need – solving advertorial for clients(value adding services). He is a multi-talented team player and leader with competencies in analysis of competitive environments as basis for technical inputs and guidance for the company review of how to react to competitive price adjustment and other variables. He also has deep understanding of developing knowledge pieces, indicators and market statistics for corporate decision making.
He is happily married with four children.
Josephine Iorzua, Assistant Advert Manager
Josephine Iorzua graduated in Banking and Finance from the Kano State Polytechnic. A vibrant, energetic, enthusiastic professional, she has demonstrable ability to work in a competitive environment with little or no supervision. She had career spanning over eight years across operational banking, marketing (sales) and NGO. She also worked as Advert Executive with Businessday Newspaper. She joined DAILY ASSET to fulfil part of dream of working to create wealth and empowering people.
Eze Okechukwu Godson, Sports Editor
Godson Eze is a 1997 Mass Communication graduate of the Institute of Management and Technology (IMT), Enugu. Born on March 10,1975, he hails from Alor Agu, Igbo Eze South Local Government Area of Enugu State.
Eze served as National Youth Service Corps(NYSC) Member at Federal Government Girls College, Monguno,Borno State in 1998 and had worked with Daily Trust Newspaper, Abuja, Daily Star Newspaper, Enugu and Sports Souvenir, Lagos as well as a brief stint as a Research Assistant at the University of Barcelona, Spain.
His Sports Journalism career took him to many international sporting events including the Olympic Games in Athens, Greece, FIFA Gala Award at the Zurich Kongress Haus, Zurich, Switzerland, All Africa Games in Abuja among others. He has had special appearances at both Galaxy Television, Ikeja & LTV 8,Ikeja Lagos as a Sports Analyst.
He joins DAILY ASSET with eyes on a career turn around to venture into other aspects of Journalism other than sports.
By Tony Obiechina, Abuja
Revenue Mobilization Allocation and Fiscal Commission (RMAFC) yesterday disclosed that a total sum of N7.31 trillion accrued to the Federation Account between July and Dec. 2023.This was captured in the monthly report to the Federation Account Allocation Committee (FAAC) by the Central Bank of Nigeria (CBN) under the caption “CBN Federation Account Component Statement”.
This amount is higher than the sum of N5. 244 trillion realised in the first half of year 2023, according to a statement signed by the RMAFC Chairman, Mr. Mohammed Bello Shehu and made available to the media in Abuja.The chairman disclosed that out of the total gross revenue inflows into the Federation Account, the sum of N1,692 trillion was transferred to the Exchange Gain Differential Account, thus leaving a balance of N5.475 billion for distribution.He added that from the amount stated above, the sum of N3.26 trillion was deducted as approved statutory deductions by the OAGF, leaving a net balance of N2.2 trillion for distribution to the three tiers of government within the period under review.The chairman explained that out of the N3.267 trillion statutory deduction indicated above, N2.251 trillion was transferred to the Non-Oil Excess Account as savings, thus leaving a net statutory deduction of N1.016 trillion with further augmentations for sharing among the three tiers of government received from some “reserve accounts.”The statement added that within the period under review, the net sum of N4 trillion was shared with the three tiers of government, an amount higher than the total sum of N3.06 trillion.In terms of percentages, the chairman stressed that “the statutory deduction in the second half of the year constituted 44.12 percent of the total gross inflow into the Federation Account in the six-month period, which was higher than the first half deductions of 42.31 percent (inclusive of transfer to the Non-Oil Excess Account).”On remittances by Revenue Generating Agencies (RGAs), the RMAFC chairman disclosed that out of the total gross revenue inflows into the Federation Account, the Nigerian National Petroleum Company Limited (NNPCL) remitted N874 64 billion in the second half of the year as against the zero-remittance made in the first half of the year.Similarly, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) remitted the sum of N1.56 trillion while the Federal Inland Revenue Service (FIRS) remitted N3.65 trillion
By Johnson Eyiangho, Abuja
Peoples Democratic Party (PDP) 98th National Executive Committee (NEC) meeting yesterday ended without a word on the much talked-about replacement of the party’s Acting National Chairman, Amb. Iliya Damagum, an indication that he will continue to function in that position.
In an interview with newsmen after the meeting, the PDP spokesman, Hon. Debo Ologunagba said for now, the party is focusing on issues of reconciliation and its stability, adding that the issue of the Acting National Chairmanship had been “deferred to the next NEC meeting, which is tentatively scheduled for August 15, 2024″. Also speaking, the Governor of Bauchi State and Chairman of the PDP Governors’ Forum, Bala Mohammed said the party is united as there was no dissension and rancour.In his words, “It was planned that the party would have an implosion. PDP is more than that. We have gone beyond all that. This party is united, guided by experience and constitutionality.”There were a lot of permutations and mischievous thinking outside there. But we looked at all the issues and we worked along our guidelines and constitution.“There is no problem or dissension and problem among members,” Mohammed said.The well attended NEC meeting was held amid tight security as police and personnel of the Department of State Services (DSS) condoned off roads leading to the PDP Secretariat, Abuja and diverted vehicular traffic.It will be recalled that the PDP National Working Committee (NWC) had passed a vote of confidence on Damagum during its meeting on Tuesday.A communique issued at the end of the three hours meeting commended all the organs of the party for their collective resilience, steadfastness and commitment towards the unity, stability and sustenance the party despite daunting challenges.The communique commended the efforts of the NWC in its effort towards rebranding the party and urged all party members to continue to work together for the success of the PDP for the benefit of Nigerians and sustenance of democracy in our country.The document which was read by the PDP National Publicity Secretary, Ologunagba, however, expressed concern over what it described as the ill-implemented policies of the APC administration, leading to worsening insecurity, harrowing economic hardship, soaring unemployment rate, high cost of food and other necessities of life with pervading misery and despondency across the country.”NEC expresses serious apprehension over the spate of acts of terrorism and violence including the escalated cases of mindless killings, mass abduction of innocent Nigerians and marauding of communities in various parts of the country.”NEC condemns the insensitivity, nonchalance, incompetence and arrogance in failure of the APC administration which continues to conduct itself in a manner that shows that it has no iota of interest or commitment towards the wellbeing of Nigerians.”NEC also condemns the creeping totalitarianism and tendencies towards a One-Party State which is inimical to the peace, stability and corporate existence of our nation as well as the development of Democracy and good governance in the country,” it said.The communique demanded that President Bola Tinubu should urgently convene a special National Security Council meeting to proffer a holistic solution and measures to curb the disturbing insecurity with its attendant negative consequences on the nation.It also called on the president to “immediately rejig his Economic Team to bring in persons of proven integrity and competence without bias and vested interest to assist in repositioning the economy.”NEC further demands that the Federal Government should review all policies and programmes which are stifling the economy with suffocating effect on the lives of citizens; including the increase in price of fuel without cushioning measures, hike in electricity tariff, increased taxation and implementation of adverse fiscal policies,” the communique added.Present at the meeting were FCT Minister Nyesom Wike, former Vice President Atiku Abubakar and many other past and presently elected members of the PDP.
By Tony Obiechina, Abuja
Central Bank of Nigeria (CBN) yesterday announced a review of the loan-to-deposit ratio (LDR) for banks from 65 percent to 50 percent to align with the current monetary tightening.
LDR is used to assess a bank’s liquidity by comparing its total loans to its total deposits.
An increase in the loan-to-deposit ratio allows banks to expand their credits to businesses and individuals, however, a decline in LDR reduces their ability to loan customers from depositors’ funds.
CBN disclosed the increase in a circular titled “Re: Regulatory Measures to Improve Lending to the Sector of the Nigerian Economy”, signed by Adetona Adedeji, CBN Acting Director, Banking Supervision Department.
“Following a shift in the b ank’s policy stance towards a more contractionary approach, it is imperative to review the loan-to-deposit ratio (LDR) policy to align with the current monetary tightening by the CBN,” the apex bank said.
“Accordingly, the CBN has decided to reduce the LDR by 15 percentage points to 50%, in a similar proportion to the increase in the CRR rate for banks.
“All DMBs are required to maintain this level and are further advised that average daily figures shall continue to be applied to assess compliance.”At the last monetary policy committee (MPC) meeting on March 26, the CBN retained the CRR at 45 percent and the liquidity rate at 30 percent.
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