Remi Babalola, former chairman of FBN Holdings Plc appointed by the Central Bank of Nigeria following the abrupt exit of his predecessor, Oba Otudeko, resigned his position due to “the rot, stench and corruption in the system”, PREMIUM TIMES has learnt. Babalola gave up the top board role at the financial service group on Friday. Although no official announcement has yet been made, including from the Nigerian Exchange Limited, inside sources informed about the issue confirmed the development to PREMIUM TIMES earlier on Friday. The exit of Babalola, a former Nigerian Minister of State for Finance, is coming at a…

Because nice people can finish first. "I'm too soft with my employees," a friend announced. "I need to be cold, clinical, and emotionless. I need to quit worrying about whether people like me. I need to be more of a jerk." She paused, then nodded decisively. "I need to be a Stoic," she proclaimed. Yeah, no. While the definition of "stoic" is "a person who can endure pain or hardship without showing their feelings or complaining," embracing Stoicism (with a capital "S") means something else entirely. In simple terms, Stoicism has nothing to do with being stone-faced and emotionless. Stoicism…

How not lead your employees in the pandemic. For the past 10 months, organizations everywhere have had to grapple with an important question: How do we lead our employees better in the pandemic era? I've spoken with countless successful executives to tap into their top leadership strategies. For example, make sure to: Promote good remote work habits, such as encouraging time off and embracing an asynchronous schedule. Build inclusion in your leadership program and ensure that your high-potential pool is diverse. Show empathy and foster psychological safety in a team setting. While these examples display good leadership in uncertain times,…

Ibadan Electricity Distribution Company (IBEDC) has re-launched the Meter Assets Providers Scheme (MAPS), which allows customers to pay upfront for energy through the prepaid meter option. Chief Operating Officer (COO), of IBEDC, John Ayodele, while speaking with journalists in Ibadan, said the re-launch followed the directive given by National Electricity Regulatory Commission (NERC) to give customers the choice to purchase meters. Ayodele, represented by the Head, Strategy and Corporate Performance, IBEDC, Peter Oni, disclosed that the scheme would serve as the best arbiter between electricity consumers and distribution companies without the hassle of estimated billing. He said, “We want our…