Wednesday, April 14African Business News
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Celebration of 71st Foundation Day of ICCR on 9th April 2021

Celebration of 71st Foundation Day of ICCR on 9th April 2021

News
The High Commission of India, Abuja celebrated 71st Foundation day of the Indian Council for Cultural Relations (ICCR) on 9th April 2021 in the High Commission premises with full fervor and enthusiasm. Due to COVID-19 restriction ICCR day was celebrated with limited numbers of guests. 2. ICCR was founded in 1950 with the objective of fostering and strengthening cultural relations and mutual understanding between India and the world. ICCR has been an important part of Ministry of External Affairs, Government of India for strengthening our external cultural relations. ICCR grants scholarships to foreign students for pursuing undergraduate, postgraduate and Phd Courses in the field of science, humanities, commerce, and engineering. In addition to the academic subjects, ICCR also offe...
Judge Me By My Legacies Not What My Critics Say-Akpabio

Judge Me By My Legacies Not What My Critics Say-Akpabio

News
The Honourable Minister, Ministry of Niger Delta Affairs, Senator Godswill Akpabio, CON, has stated that he desires to be judged by the legacies he leaves behind and not by the amount of critics. The Minister stated this during the courtesy visit on the Conferment of Distinguished UNICAL Ambassador Award on him by the Unical Alumni, yesterday in his office Abuja. Sen. Akpabio said the award is not ordinary but an uncommon award that recognized his antecedents despite so much blackmailing, and character assassination in politics even when the best of intentions are misinterpreted, thereby turning white to black. According to him, “you look through, you said in spite of the blackmail against this man in the Ministry of Niger Delta Affairs, he still remains one of our bes...
Gbajabiamila, Ghana’s new speaker agree on lasting solution to trade dispute

Gbajabiamila, Ghana’s new speaker agree on lasting solution to trade dispute

News
The Speaker of Nigerian House of Representatives, Femi Gbajabiamila, and the new Speaker of the Ghanaian Parliament, Albert Bagbin, have agreed to strengthen parliamentary relations so as to find lasting solutions to trade disputes involving some Nigerian traders in Ghana. Lanre Lasisi, Special Adviser on Media and Publicity to the Nigerian Speaker, in a statement said the two speakers reached the agreement during a zoom meeting on Friday. Gbajabiamila, according to the statement, told his counterpart that the two countries were like siblings and should continue to explore the avenue of parliamentary diplomacy in addressing shared challenges, adding that there was much both could learn from each other. The Nigerian Speaker also introduced the project he initiated with five ot...
Seminar on Relevance of Philosophy of Bangabandhu in Africa and Beyond held at Abuja University in Nigeria to mark Birth Centenary of Father of the Nation

Seminar on Relevance of Philosophy of Bangabandhu in Africa and Beyond held at Abuja University in Nigeria to mark Birth Centenary of Father of the Nation

News
As a part of celebratory programmes of Bangladesh High Commission, Abuja, Nigeria to observe the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman, a seminar was held on ‘Relevance of Philosophy of Bangabandhu in Africa and Beyond’ in Abuja University, Abuja, Nigeria on 17 March 2021 in the morning. The seminar focused on Bangabandhu’s philosophy and thoughts on foreign policy, international relations and struggle for emancipation of mankind across the world. Professor Abdul-Rasheed Na'Allah, Vice Chancellor of Abuja University and Mr. Masudur Rahman, High Commissioner of Bangladesh and Professor Dr. Musa Olaofe, Director of Asian Studies Centre of the university were discussants, among others. In his welcome remarks, Professor Abdul-Rasheed Na'Allah mention...
Abiodun, Adeboye for ICAN confab

Abiodun, Adeboye for ICAN confab

News
The Ogun State Governor, Prince Dapo Abiodun, and the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, will grace the 15th Western Zonal Accountants’ Conference of the Chartered Accountants of Nigeria (ICAN) holding March 8 to 11 at the Youth Centre, Redemption Camp, in Mowe, Ogun state. The Western Zonal Districts Chairmen and Grand Patrons and Patrons of Host District, Dr. Olusola Dada, and Western Zonal Chairman, Mr. Alabi Samuel Adebayo, said Abiodun would grace the event as a special guest of honour while Adeboye is the spiritual father of the day. Oba (Dr) Festus Oluwole Makinde, Lisoyi (I) is the royal father of the day of the event tagged ‘Disruptive Economy: Implications for Accounting Profession’. The event will open with two plenar...
Former Lagos State Governor Is Dead

Former Lagos State Governor Is Dead

News
The Former Governor of Lagos State, Lateef Kayode Jakande has died at the age of 91 after a brief illness. He was a renowned journalist and the first civilian Governor of Lagos State and served as the Governor in the Second Republic, from 1979 – 1983. In a tweet by TVC news read: BREAKING: First Civilian Governor of Lagos State, Lateef Jakande, dies at 91 Source: technocrat Media
CBN halts Cryptocurrency Transactions by Nigerian Banks

CBN halts Cryptocurrency Transactions by Nigerian Banks

Business, News
Nigeria's apex banking regulatory body, the Central Bank of Nigeria, CBN, in a circular dated 5th February 2021, warned financial institutions in the country to stop all transactions involving cryptocurrency. As a result, all banks, trading institutions and related entities are now prevented from attending to transfers, trade or exchanges involving cryptocurrency and are mandated to close all accounts related to crypto transactions. However this is not the first time the CBN has placed restrictions on bitcoin trade, in 2007 , the Central Bank of Nigeria “officially outlawed digital currencies.” citing reasons like money laundering and terror financing to prohibit banks to use, hold or transact virtual currencies, and they should ensure “existing customers that are virtual cur...
‘FG aggressively developing gas-to-power infrastructure, exploration’

‘FG aggressively developing gas-to-power infrastructure, exploration’

News, Oil & Gas
The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Mele Kyari, has said the Federal Government is aggressively pursuing other gas development initiatives to improve Nigeria’s current utilization of alternative fuels as well as stimulating gas demand and power generation in the country. Kyari, at the virtual Businessday Future of Energy Summit, also said the NNPC is making concrete efforts to expand natural gas resource exploration, noting that it would capitalize on its experience on key players in the industry to grow production efficiently, leveraging technology acquisition, and project financing across the value chain.   This is even as the Minister of State for Petroleum Resources, Timipre Sylva, hinted that the abundance of natural gas resour...
N50 billion floating dock to commence operations in July

N50 billion floating dock to commence operations in July

News
• NIMASA, NPA agree on shipwreck removal to ease navigation Barring unforeseen circumstances, the N50 billion floating dry dock owned by the Nigerian Maritime Administration and Safety Agency (NIMASA), will begin operations by next month. NIMASA had on June 11, 2018, taken delivery of the floating dock, which it said would boost ship repair capacity, generate wealth, and create employment for Nigerians. But the facility had since been lying fallow at the Naval Dockyard in Lagos. The Managing Director of, Nigerian Ports Authority (NPA), Ms Hadiza Bala Usman, after a meeting with the management of NIMASA led by the Director-General, Bashir Jamoh, at the agency’s Headquarters in Lagos, said arrangements are in place to berth the floating dock permanently for it to commence operatio...