Central Securities Clearing System (CSCS) PLC, Nigeria’s leading Central Securities Depository (CSD), has appointed Bola Adesola and Aisha Muhammed-Oyebode to its Board of Directors.
These appointments reflect CSCS’s commitment to strengthening its leadership with highly experienced professionals who bring extensive expertise across key sectors.
The addition of Mrs. Adesola and Dr. Muhammed-Oyebode supports CSCS’sstrategy of enhancing governance and leadership. Their significant achievements in financial services, corporate governance, and social impact will contribute to the company’s continued success in the Nigerian capital market.
Chairman of the Board of CSCS, Temi Popoola, expressed his pleasure in welcoming Mrs. Adesola and Dr. Muhammed-Oyebode to the CSCS board during this critical phase of the company’s growth.
He noted that “the appointment of these two exceptional professionals not only underscores our continued dedication to fostering diversity within the board but also reflects our confidence in the lasting contributions these individuals will make. With their extensive expertise in financial services, governance, and corporate strategy, their insights are expected to significantly influence the future success of our company.”
Managing Director and Chief Executive Officer of CSCS, Haruna Jalo-Waziri, said, “CSCS is dedicated to creating an environment where diverse perspectives are valued and encouraged. By appointing two highly accomplished women to our board, we are not only enhancing our leadership team but also setting a precedent for the entire industry. We believe that their contributions will drive meaningful change and inspire future generations of women leaders.”
Mrs. Bola Adesola, reflecting on her appointment, said, “I am honored to join the Board of CSCS, an organization that has consistently driven market innovation and efficiency. I look forward to contributing my experience in financial services and governance to support CSCS in achieving its strategic goals and sustaining its leadership in the capital market.”
Dr. Aisha Muhammed-Oyebode expressed her enthusiasm, stating, “I am delighted to join the Board of CSCS, an institution that has been instrumental in driving the growth and transformation of the Nigerian capital market. I look forward to working alongside my fellow board members to drive growth and innovation for the benefit of all stakeholders.
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Average price of 1kg of beans increased to N2,574.63 in August – NBS
By Benjamin Umuteme with Agency
The National Bureau of Statistics (NBS), says prices of beans, eggs, bread, rice, yam, and other food items witnessed significant price increases in August 2024.
In the Selected Food Prices Watch report for August 2024 posted on its website on Wednesday, the NBS states that the average price of 1kg of brown beans increased by 271.55 per cent from N692.95 recorded in August 2023 to N2,574.63 in August 2024.
“On a month-on-month basis, 1kg of brown beans increased by 5.31 per cent in August from the N2,444.81 recorded in July 2024.”
It said that the average price of medium-sized Agric eggs (12 pieces) increased by 121.92 per cent on a year-on-year basis from N1,031.55 recorded in August 2023 to N2,289.19 in August 2024.
“On a month-on-month basis, the eggs increased by 5.48 per cent from the N2,170.17 recorded in July 2024.”
The report said that the average price of sliced bread increased by 113.16 per cent on a year-on-year basis from N684.85 in August 2023 to N1,459.85 in August 2024.
“On a month-on-month basis, the price increased by 2.28 per cent from the N1,427.25 recorded in July 2024.”
In addition, the average price of 1kg of local rice rose by 148.41 per cent on a year-on-year basis from N737.11 recorded in August 2023 to N1,831.05 in August 2024.
“On a month-on-month basis, it increased by 3.65 per cent from N1,766.64 recorded in July 2024.”
Also, the report said that the average price of 1kg of a tuber of yam increased by 188.31 per cent on a year-on-year basis from N576.39 in August 2023 to N1,661.80 in August 2024.
“However, on a month-on-month basis, the price decreased by -7.82 per cent from the N1,802.84 recorded in July 2024.”
The NBS said the average price of 1kg of tomato also increased on a year-on-year basis by 171.72 per cent from N554.37 recorded in August 2023 to N1,506.35 in August 2024.
“However, on a month-on-month basis, the average price of 1kg of tomato declined by 11.07 per cent from N1,693.83 in July 2024 to N1,506.35 in August .”
On state profile analysis, the report showed that in August 2024, the highest average price of 1kg of brown beans was recorded in Akwa Ibom at N3,276.79, while the lowest was recorded in Adamawa at N1,710.92.
It said that Niger recorded the highest average price of medium size Agric eggs (12 pieces) at N2,996.92, while the lowest was in Jigawa at N1,786.01.
The NBS said that the highest average price of sliced bread was recorded in Rivers at N1,850, while the lowest price was recorded in Yobe at N908.81.
According to the report, Kogi recorded the highest average price of 1kg local rice (sold loose) at N2,680.29, while the lowest was reported in Benue at N1,206.84.
The report said the highest price of 1kg of tomato was recorded in Abuja at N2,2206.31, while the lowest price was recorded in Kaduna at N734.94.
Analysis by zone showed that the average price of 1kg of brown beans was highest in the South-South at N3,165.11, followed by the North-Central at N2,900.86.
“The lowest price was recorded in the North-West at N1,982.78.”
The North-Central and South-East recorded the highest average price of medium size agric eggs(12 pieces) at N2,789.15 and N2,438.06, respectively, while the lowest price was in the North-West at N1,963.65.
The report said that the South-South recorded the highest average price of sliced bread at N1,785.56, followed by the South-East at N1,635.73, while the North-East recorded the lowest price at N1,163.78.
