Uncategorized Archives - Inside Business Africa

Jan22022 by Joshua OlotuNo Comments

MOUKA SUSTAINS PARTNERSHIP WITH LAGOS, CELEBRATES FIRST BABIES OF THE YEAR ACROSS NIGERIA

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MOUKA SUSTAINS PARTNERSHIP WITH LAGOS, CELEBRATES FIRST BABIES OF THE YEAR ACROSS NIGERIAR-L: Wife of the Lagos state governor, Dr(Mrs) Claudiana Ibijoke Sanwo-Olu, Lagos state commissioner for Health, Dr Akin Abayomi, MD/CEO Harvey Health Centre and Maternity, Dr Yetunde Sotunde and Brand Manager Mouka Yemisi Obadina ….during the presentation of gifts items to the first Baby of the year 2022. Mouka, Nigeria’s foremost manufacturer of mattresses, pillows and other bedding products, has restated its commitment to adding comfort to the lives of Nigerians of all ages, including newborns. One of the initiatives to bring this corporate mission to reality is through the First Baby of The Year Program.Mouka has continued to run this program consistently in partnership with the Lagos gover...

Dec112021 by Joshua OlotuNo Comments

LASHMA Extends ‘ILERA EKO’ Grassroots Sensitisation CAMPAIGN To Kosofe

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… As Royal Father Commends Governor Sanwo-Olu on Health Plan The Lagos State Health Management Agency (LASHMA) has extended its ‘ILERA EKO’ grassroots sensitisation advocacy to Kosofe Local Government and environs in a bid to ensure that many residents, particularly at the grassroots, benefit from the health insurance scheme initiated by the Governor Babajide Sanwo-Olu led administration. Speaking at the event held at the Secretariat, the General Manager of LASHMA, Dr. Emmanuella Zamba, said ILERA EKO is a very beneficial scheme and an avenue to reduce pocket payment of medical bills and unforeseen catastrophy. She urged residents of Kosofe Local Government to support ILERA EKO and take full advantage of the health plan, adding that residents can enrol on th...

Dec92021 by Joshua OlotuNo Comments

Lagos Sympathizes With Parents, Students Affected By Ojodu Accident

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…Calls for calm as students are getting adequate medical attention … To Offer Counselling Sessions for traumatised students The Lagos State Government sympathises with parents and students over the accident that occurred in Ojodu on Tuesday, December 7, 2021. Two students have been confirmed dead. 12 students, including seven girls and five boys, who were injured, are recuperating in hospitals. They are in stable condition. Some students who had slight injuries have been discharged. The State Government will be responsible for the medical expenses of all these students. The Governor of Lagos State, Mr. Babajide Olusola Sanwo-Olu, commiserates with the parents who lost their children in the incident. He understands that this is a difficult time for them, praying that the Lo...

Oct222021 by Joshua OlotuNo Comments

World Energy Day 2021: Mauritius Aims to Decrease Greenhouse Gas Emissions by 40% by 2030

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Government’s energy policy is to encourage the use of renewable and clean energy so as to reduce the country’s dependence on fossil fuels and decrease greenhouse gas emissions by 40% by 2030, stated the Minister of Energy and Public Utilities, Mr Georges Pierre Lesjongard, today, at the launching of a workshop on the occasion of World Energy day 2021 held at Caudan Arts Centre, in Port-Louis. On this occasion, two new schemes, namely the Central Electricity Board (CEB) Renewable Energy Scheme for Charging of Electric Vehicles, and the CEB Renewable Energy Scheme for Public Enterprises, were launched. An exhibition, depicting the evolution of energy in Mauritius, is also being held at the Caudan Arts Centre. Minister Lesjongard recalled that budget 2021/2022 has also laid emphas...

Sep152021 by Joshua OlotuNo Comments

Arabian & African Hospitality Investment Conference (AHIC) 2021 at a glance: a sneak peek at the sessions and speakers set for this year’s highly anticipated event

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The Arabian & African Hospitality Investment Conference (AHIC) (https://AHIC.com) returns to Madinat Jumeirah in Dubai live in person from 20-22 September 2021, bringing together four powerful, active investment communities from across the region. For the first time, AHIC 2021, organised by Bench and MEED, will house the four close-knit investment communities of the Arabian Hospitality Investment Conference (AHIC), Saudi Arabia Hospitality Investment Conference (SHIC), Africa Hotel Investment Forum (AHIF) and the Global Restaurant Investment Forum (GRIF) under one roof. United by the theme Rise Together, investors, owners, private equity firms, financiers, franchise owners, innovators, developers, and government entities will meet to network, share insights and do business,...

Jul32021 by Joshua OlotuNo Comments

Why efforts by Côte d’Ivoire and Ghana to help cocoa farmers haven’t worked

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A cocoa pricing agreement designed to protect farmers in Côte d’Ivoire and Ghana from destitution is being circumvented by multinationals, the main buyers of cocoa beans. Cocoa is the plant from which chocolate is made. Côte d’Ivoire and Ghana together account for 65% of global cocoa production, but farmers in these two countries earn less than 6% of the chocolate industry’s total revenue. The cocoa bean value chain has five major segments. The first is cocoa bean production, which involves local farmers. The second is sourcing and marketing, which involves local and international traders and exporters of cocoa beans and semi-processed products. The third is processing, which involves grinders and chocolate manufacturers. The fourth is distribution, whi...

May282021 by Joshua OlotuNo Comments

Sell-off persists on NGX as capitalisation plunges further by N98b

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Trading on the Nigerian Exchange Limited (NGX) closed on a downturn yesterday, following price losses that outweighed gains, causing market capitalisation to dip further by N98 billion. The All-Share Index (ASI) decreased by 189.10 absolute points, representing a dip of 0.49 per cent to close at 38,044.58 points. Similarly, the market capitalisation value shed N98 billion to close at N19.830 trillion. The downturn was driven by price depreciation in large and medium capitalised stocks amongst which are; Dangote Cement, Guaranty Trust Bank, MRS Oil Nigeria, Eterna and UAC of Nigeria (UACN). Analysts at Afrinvest Limited said: “We expect the market to close the week in the negative region.” Investor sentiment as measured by market breadth declined, as 16 stocks advanced while 21...

Apr162021 by Joshua OlotuNo Comments

FG signs new Sustainable Development Goals agreement with UN

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The Nigerian Government has signed a deal with the United Nations to develop new cooperation towards achieving Sustainable Development Goals. This was disclosed by the Minister of Foreign Affairs, Geoffrey Onyeama, in a statement on Thursday after the agreement was signed with the United Nations Office for Project Services, UNOPS, represented by Ifeoma Charles. The Nigerian Government has signed a deal with the United Nations to develop new cooperation towards achieving Sustainable Development Goals. This was disclosed by the Minister of Foreign Affairs, Geoffrey Onyeama, in a statement on Thursday after the agreement was signed with the United Nations Office for Project Services, UNOPS, represented by Ifeoma Charles. The Minister said, “On behalf of the Niger...

Apr162021 by Joshua OlotuNo Comments

Stakeholders bemoan security attacks, loopholes at airports

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*Beware of insiders’ threats, Ojikutu warns Aviation stakeholders have bemoaned heightened security concerns and attacks in and around airports nationwide, saying nothing has changed after many years of raising the alarm. Though they acknowledged that the airport could rarely be immured from general insecurity, experts said the aerodromes are national security and deserved better intelligence and new counter security measures. Similarly, Aviation Security Consultant, Group Capt. John Ojikutu (rtd), has said the major security compromises are those that would come from within the airports. The fresh complaint is not unconnected with the recent red flag raised by the Ministry of Aviation over planned attacks on some major airports nationwide. The Ministry of Aviation, in ...

Mar32021 by Joshua OlotuNo Comments

NPA offers to partner NLNG to increase gas production capacity

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Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman, said the agency was ready to partner with the Nigeria Liquefied Natural Gas(NLNG) Limited in increasing natural gas production capacity by 36 per cent. Represented by the Executive Director, Marine and Operations, NPA, at the virtual multilogues-2 organised by the Nigerian Gas Association (NGA), Usman said the agency would support NLNG in increasing natural gas production from 22 million tonnes to 30 million tonnes yearly. “The NPA is poised to offer necessary collaborative support to the NLNG in achieving the goals of its Train 7 projects, which we are informed will increase Nigeria’s liquified natural gas production capacity by 36 per cent from the current 22 million tonnes per annum to 30 million tonnes per...