Saturday, September 19African Business News
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South African President Appoints Okonjo-Iweala As A Member Of The Economic Advisory Council

South African President Appoints Okonjo-Iweala As A Member Of The Economic Advisory Council

Politics
Ngozi Okonjo-Iweala, two-time Nigerian minister, has been appointed as a member South Africa’s presidential economic advisory council. Former Finance Minister Dr Ngozi Okonjo-Iweala met on Friday with South African President Cyril Ramaphosa and the country’s Economic Advisory Council to discuss “growth for the South African economy”. Since Iweala’s appointment, congratulatory messages have started pouring in with former president Atiku Abubakar leading the line. He Wrote “I congratulate Dr @NOIweala on her appointment into South Africa’s Economic Advisory Council. Her appointment by President @CyrilRamaphosa of South Africa is proof that Nigerians are global and capacity is indeed an asset that can be exported. -AA” Source: Informationng
Nigeria to raise sanctions against importers of sub-standard products

Nigeria to raise sanctions against importers of sub-standard products

Politics
The Standards Organisation of Nigeria (SON) has stated that it will come harder on life-endangering products in the country.Indeed, the standards body noted that the move was as a result of the numerous complaints received by the agency, maintaining that it will stop at nothing to prosecute dealers in substandard goods both collectively or individually to serve as a deterrent to other criminally-minded persons. The Director-General, SON, Osita Aboloma, stated this at a courtesy visit by Alaba Electronic Dealers to rekindle its relationship with the agency in checking importation of substandard goods. Aboloma said: “We will give you a moratorium period; what you are used to before the advent of our SON Act 2015, should be discontinued, our Act has revolutionized ou...
FG Urges NCC to Develop New Regulatory Strategies

FG Urges NCC to Develop New Regulatory Strategies

Economy, Politics
The Minister of Communications and Digital Economy, Dr. Isa Pantami has called on the Nigerian Communications Commission (NCC) to develop new regulatory strategies, especially in the area of SIM card registration, that will enhance effective regulation of the telecoms industry. Pantami gave the charge recently, during the swearing-in ceremony of the Chairman of NCC Board of Commissioners, Prof. Adeolu Akande, who is representing the South West zone. He was sworn in alongside the Commissioner representing the South-east zone, Chief Uche Onwude. At the event, which took place in Abuja, Pantami said the NCC Board must “hit the ground running.” The minister, who said, “there is no time for celebrations now and no time for honeymoon,” declared that “we would congratulate the NCC Board...
Sylva Calls for Calm, Apologises to Buhari over APC’s Loss of Bayelsa

Sylva Calls for Calm, Apologises to Buhari over APC’s Loss of Bayelsa

Politics
The Minister of State for Petroleum, Chief Timipre Sylva, has called for calm and restraint over the nullification of the election of the All Progressives Congress (APC)  governorship candidate in Bayelsa State, Mr. David Lyon, by the Supreme Court and the swearing in of Senator Douye Diri of the Peoples Democratic Party (PDP) as governor. In a statement he personally signed, Sylva, who is the state leader of the party and a former governor of the state, also apologised to President Muhammadu Buhari for the disruption of his earlier scheduled visit to the state to witness the inauguration of Lyon as governor before the Supreme Court judgment. The Supreme Court last Thursday had voided the election of Lyon, on the eve of his inauguration, over the qualification of his running mate and d...
How N7.5 billion GPW will boost policyholders’ confidence

How N7.5 billion GPW will boost policyholders’ confidence

Economy, Politics
As insurers express commitment to the ongoing industry recapitalisation exercise, they have explained that a process is a form of a corporate reorganisation, which involves making substantial changes to a company’s capital structure. It is one of the strategies companies use to improve their financial stability. Currently, the insurance industry, post recapitalisation, is expected to be robust and capable of taking big risks, as well as contribute meaningfully to the nation’s Gross Domestic Product. Presently, some insurers are recording improved performances, which is boosting their chances to scale through the December 2020 deadline for the sector’s recapitalisation. African Alliance Insurance Plc recorded a 45 percent jump in its Gross Premium Written (GPW),...
Buhari to commission three new factories in Cross River

Buhari to commission three new factories in Cross River

Politics
President Muhammadu Buhari will later this month visit Cross River State to commission three new industries built by the state government.The factories are the Cross River noodles factory, the fertiliser factory, and the chicken processing plant. Buhari will be visiting the state for the third time since taking office in 2015 in connection with the governor’s projects. A press statement by the Special Adviser to the Governor Ben Ayade on Media and Publicity, Christian Ita, yesterday noted that the governor had maintained that the thrust of his administration was rapid industrialisation of the state and building of socio-economic infrastructure. Ayade revealed that “the president will commission the Cala Chika, a frozen chicken factory that processes 24,000 bird...
Lagos pledges investment friendly policies, initiatives

Lagos pledges investment friendly policies, initiatives

Politics
The Lagos State Government at the weekend, said it would continue to guarantee policies, programmes and initiatives that will attract investments and create the right environment for these investments to thrive and create economic value. Governor Babajide Sanwo-olu, who disclosed this on Friday, at the unveiling of several investments across key economic sectors, sited in the emerging Alaro City, in the Lekki Free Trade Zone, said the momentous event affirm the status of Lagos as one of the leading and preferred investment destinations in Africa. The Governor, represented by the Permanent Secretary, Ministry of Commerce, Dr. Mrs. Bola Balogun, said experience has shown clearly that there is no limit to value creation when government and private sector play their respective roles, add...
Despite evidence, Lai Mohammed denies existence of ‘social media bill’

Despite evidence, Lai Mohammed denies existence of ‘social media bill’

Politics
Despite the abundance of proofs about its existence, Nigeria's minister of information Lai Mohammed has said the country is not trying to pass a law that can stifle dissensions. The Protection from Internet Falsehood and Manipulation Bill 2019, otherwise known as the Social Media Bill, if passed, will give sweeping power to the government to clamp down on critics and also shut down the internet. The bill, sponsored by Senator Muhammad Sani Musa of the ruling All Progressives Congress, passed the first and second readings on November 5 and 20 respectively. The Guardian received an official copy of the bill on November 24. But Mohammed told state-owned German broadcaster, Deutsche Welle, that such bill is not before the Nigerian Senate. "I'm not even aware of the bill," ...
Didn’t expect this from our night at the opera

Didn’t expect this from our night at the opera

Business, Politics, Uncategorized
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A union between epic fantasy and literature

A union between epic fantasy and literature

Breaking News, Business, Politics, Uncategorized
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