News
Chams Appoints Awosika as Director, Names New CFO
Chams Plc, leading technology firm, has announced the appointment of Dr. Josephine Awosika, to its board of directors. The company also named Mrs Christianah Olaniyan as its new chief financial officer (CFO).
Awosika, who also serves on the board of Access Bank Plc and Capital Insurance Nigeria Limited as non-executive director, is a technocrat with extensive and meritorious public and private sector experience.
She is expected to bring her wealth of experience at executive and boardroom levels in technology, power and banking sectors to bear on the business of Chams Plc.
Awosika was the pioneer national coordinator/chief executive of the National Programme on Immunization; director(Parastatals) in the Office of the Head of the Civil Service of the Federation; Director (Department of Community Relations & Youth Development) in the Ministry of Niger Delta Affairs and Permanent Secretary, Ministry of Interior.
Awosika was also permanent secretary, Career Management Office, in the Office of the Head of the Civil Service of the Federation; and Permanent Secretary, Federal Ministry of Science & Technology. She retired from the Federal Civil service as the Permanent Secretary, Ministry of Power in January 2013.
A Fellow of the Pharmaceutical Society of Nigeria (PSN) and Institute of Directors (IoD), Awosika is also a Member of the Great Britain Clinical Pharmacists Forum.
She is a recipient of several honours and awards, including Member of the Federal Republic (MFR), and the Distinguished Vocational Service Award of Rotaract District 9130 Nigeria of Rotary International.
On her part, Olaniyan was the general manager, Special Projects for Chams Plc until her appointment to the new role of chief Ffnancial officer.
In her new role, she has far reaching financial risks management mandate for the Chams Group comprising of Chams Plc and subsidiaries that include ChamsAccess and Cardcentre Limited.
Olaniyan holds a degreein Applied Accounting from Oxford Brooks University, UK and is an associate member of the institute of Chartered Certified Accountants (ACCA, UK).
Prior to joining Chams Plc, Olaniyan worked with Supercard Limited, a subsidiary of Chams Plc, for three years as Assistant General Manager, Corporate Services, where she was responsible for formulating and managing policies on the company’s Finance, Accounts, Human Capital Development and Administrative functions.
She joined Chams Plc as Group Head, Internal Audit and Risk Management and served as General Manager, Finance and Accounts before her promotion to the role of General Manager, Special Projects.
Olaniyan, who has over 18 years working experience at managerial level in financial strategy, audit and accountancy, started her working career with Bolaji Finnih & Co, a firm of Chartered Accountants, where she trained as an Auditor.
She later joined SCOA Nigeria Plc, where she worked for 12 years before moving to Tranter International Limited, a Microsoft Gold Partner from which she joined Supercard Limited.
Bosun Tijani, minister for Communication, Innovation and Digital Economy, has stated that the federal government is geared towards creating about one million technology jobs for teeming Nigerian youth.
Tijani stated this at the official opening of a solar-powered community ICT center built by the National Information Technology Development Agency (NITDA) in Abeokuta, as part of activities marking the 38th Lisabi festival.
The minister emphasised the commitment of President Bola Tinubu’s administration to invest in the digital economy, driving inclusive growth and empowering the country’s teeming youth population.
“The president made it very clear when I came into office, that he will spend efforts and resources in creating one million technology jobs. So, for anybody that is following the development in the world today you will see that there’s no world without technology.
“There is a strong shortage of technology workforce all over the world, and while a lot of the developed countries have ageing population, and not giving birth to kids, in Nigeria, the average age is 16.9, so our young people are being projected to be the workforce of the future, not only for Nigeria.
“This center here is one of many. In the next two months, we are launching about 30 of them all over the country. This center will be properly animated and we will put resources into ensuring that there are courses for young people to come and take here.
“We are also going to ensure that there are job opportunities that we can connect them to and if anyone wants to follow, follow the three million Technical Talent Program which we have started already in the country”, he said.
He therefore charged the youth to remain focus, and not be discouraged, adding that there is massive employment opportunities in technology as there is no enough people to work in technology all over the world.
“If you ask anyone that works in technology, the entry salary is between N350,000 to N500,000. Technology pays really well, so instead of worrying about things being hard, they should take advantage of centers like this, empower themselves and go for the opportunities the world has to offer them”, he added.
Speaking earlier, Oba Adedotun Are, Alake and Paramount ruler of Egbaland, lauded President Tinubu for approving the centre in Abeokuta, saying that this has no doubt marked another new dawn for the people of Egbaland, given rapid growth, development, and economic empowerment of the people.
National Institute for Policy and Strategic Studies (NIPSS) has predicted that the price of Premium Motor Spirit (petrol) will decline as Dangote Refinery and other local refineries commence full operations.
Speaking on Channels Television on Tuesday, April 1, NIPSS Director-General Ayo Omotayo expressed optimism that fuel prices would fall once more refineries become operational.
He projected that petrol prices could drop to around N750 per litre before the end of the year with a more stable exchange rate.
“We’re looking at it coming down as low as N750 before the end of the year. And of course, foreign exchange will still drop to about 1.3 before the end of the year, and it is going to continue like that as more of our refineries come into place.
Omotayo acknowledged the current economic hardships but insisted that the policy would benefit Nigerians in the long run.Traditional Nigerian cuisine
“The gains at this time are very little, but in the long run, we will make up for whatever sacrifices we have made today as Nigerians” he stated
U.S. President Donald Trump has stated that a deal for the sale of TikTok’s U.S. operations is expected to be finalized before the April 5 deadline.
U.S. President Donald Trump
The deadline, set by legislation passed in January, mandates TikTok’s Chinese parent company, ByteDance, to divest its U.S. assets or face a nationwide ban due to national security concerns.
Multiple non-Chinese firms have expressed interest in acquiring TikTok’s U.S. operations.
Private equity firm Blackstone is considering a minority investment, potentially joining existing non-Chinese shareholders such as Susquehanna International Group and General Atlantic.
In a strategic move to facilitate the sale, Trump suggested that he might consider a reduction in tariffs on China, acknowledging that Chinese regulatory approval may be required for the deal to proceed.
The White House has been actively involved in negotiations to ensure that TikTok remains operational in the U.S. while addressing national security risks.
With TikTok’s 170 million American users watching closely, the outcome of the sale is expected to have a major impact on the social media landscape and the broader tech industry.
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