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IWD: “Encourage more women to the table” – NDIC Chair charges women in leadership

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The Board Chairman of the Nigeria Deposit Insurance Corporation (NDIC), Mrs Ronke Sokefun has said there is need for women in leadership positions to encourage more women to join the table to ensure the number of women in management positions keep growing and consequently ensure its sustainability.

Mrs. Sokefun, said this at the NDIC’s commemoration of the 2022 International Women’s Day in Abuja with the theme: “Changing Climates: Equality Today for a Sustainable Tomorrow”.

A statement by Bashir Nuhu, Director, Communication & Public Affairs Department of the NDIC, quoted Sokefun to have said while more women are making an impact in every sphere of society, it is critical to develop strategies to sustain and increase the rise of women to leadership positions.

She advocated for more encouragement by those already in positions as well as the need for capacity development and robust networking skills to strengthen their abilities to contribute their best based on merit and performance.

The NDIC Board Chairman lauded the current 33.9 per cent women population in the Corporation’s manpower structure, stressing that the push was to achieve higher proportion in the nearest future. She told NDIC female staff that they would be pulled up when they demonstrated a readiness for that next role and therefore they needed to keep evolving.

On his part, the Managing Director of NDIC, Mr. Bello Hassan, described the Corporation’s female staff as a great asset to the Corporation as they continue to demonstrate all the values of the Corporation such as professionalism and passion towards achieving the Corporation’s mandate.

Hassan who was represented by Mrs Emily Osiji, said the Corporation’s management is extremely proud of her womenfolk who are well represented at all levels of the organisation.

In her lecture, the Managing Director of First City Monument Bank (FCMB), Mrs Yemisi Edun, commended the Corporation for attaining a significant female representation within the NDIC workforce.

She further called on women to find the confidence to speak up and take advantage of the opportunities to make a better future for themselves and their families. She also stressed the need for women to stand up for their rights and help in breaking the bias.

The event featured lead presentation by MDD/CEO, FCMB, Mrs Yemisi Edun, panel session and master class in which other accomplished resource persons featured.

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2022 Ekiti Guber Poll: Biodun Abayomi Oyebanji is now the Governor Elect

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Ekiti Governor Elect, Biodun Abayomi Oyebanji
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Breaking: APC Governorship candidate Biodun Abayomi Oyebanji has emerged the winner of Ekiti Guber Poll with 187,057

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Breaking: Tinubu pays surprise visit to Osinbajo

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Vice President Yemi Osinbajo and APC Flagbearer, Bola Ahmed Tinubu
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Presidential candidate of All Progressives Congress APC, Ahmed Bola Tinubu, has paid a surprise visit to one of the aspirants in the just concluded presidential primary ,Vice President Yemi Osinbajo at his Abuja residence on Thursday night.

A source in the presidency said Tinubu had earlier visited the President at his residence in the Presidential Villa and afterward decided to make a surprise call on Osinbajo alongside Lagos State Governor Sanwo-Olu.

According to the source, Osinbajo was in a meeting with Senator Kabiru Gaya, former Defense Minister Rtd Major General Dan Ali, and other associates.

Vice President Yemi Osinbajo came third with 235 votes in the just concluded presidential primary in Abuja.

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Two years after, CBN jack up interest rate to 13%

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Godwin Emefiele - CBN Governor
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The Central Bank of Nigeria’s Monetary Policy Committee has jacked up benchmark interest to 13 per cent, 150 basis points above the previous rate.

It is the first change since September 2020.

Addressing journalists on Tuesday after the committee’s142nd and third meeting for the year at the CBN headquarters in Abuja, CBN, Emefiele said the action was to tame the rising inflation rate in the country.

He said the committee voted to maintain the CRR at 27 percent and the Liquidity Ratio at 30 percent while the asymmetric corridor of +200 and -700 basis points around the MPR was also adopted.

He was concern that the impact of the CBN development finance initiatives was being threatened by an astronomic rise in inflation rate and explained that the MPC was faced with the dilemma of managing two parallel trends at the same time.

The CBN governor, however, said the rate on development finance loans will remain at 5 percent till 2023.

“Six members voted to raise the MPR by 150 basis points, four members by 100 basis points and one member, by 50 basis points.

“Members expressed deep concern about the continued uptrend of inflationary pressure in spite of the gradual improvement in output growth.

“Committee notes that the current rise in inflation is inimical to growth and the full recovery of the Nigerian economy,” he said.

The committee urged the federal government to do more to provide a safe and secure environment for economic activities to stimulate growth.

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