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Tag: covid19

Fed Government to develop mining cluster projects in zones

Fed Government to develop mining cluster projects in zones

Economy
The Federal Government said it has embarked on the development of Artisanal and Small-Scale Mining Clusters for selected minerals in the geopolitical zones for effective exploitation to derive the right revenue for the government. The Minister of State, Mines and Steel Development, Dr. Uchechukwu S. Ogah, disclosed this in Calabar,during the taking over ceremony of landed property donated by the Cross River State Government for the establishment of Artisanal and Small-Scale processing clusters in the South-South zone. Ogah also revealed that the development is an initiative of the Government in response to the economic impact of the COVID-19 pandemic that has ravaged the world.  He said: “in order to curtail the devastating effect of the pandemic on the means of livelihood of...
Pruning of daily flights to Lagos, Abuja airports stirs angst

Pruning of daily flights to Lagos, Abuja airports stirs angst

Aviation
Federal Government’s plan to reopen the international airspace amid restricted traffic flow and four daily flights each at Lagos and Abuja airports has stirred worry in the industry. The situation is made worrisome, as no measure had been spelt out to determining the lucky eight from a pool of over 20 operators raring to resume operations from this month end. Though the Minister of Aviation, Hadi Sirika, had said the restriction was for a short time, The Guardian has, however, learnt that the development might not be unconnected with an alleged plot to draw airlines and air traffic to Abuja. Besides, the COVID-19 medical response team in Lagos is wary of the new travel protocols for arriving travellers. They are worried that in a bid to make travelling more friendly, the relaxed g...
ICSAN harps on innovation as panacea for MSMEs survival

ICSAN harps on innovation as panacea for MSMEs survival

Appointments
The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), has described innovation as pathway to survival of Micro, Small and Medium-scale Enterprises (MSMEs) amid the COVID-19 pandemic. They argued that with the volatility associated with the pandemic, MSMEs could not be ignored in the business ecosystem. The Institute said they must be committed to ethical principles as a source of competitive advantage to them. Speaking during a webinar programme on, “Survival of MSMEs During Uncertain Times: Is Corporate Governance a Luxury or Necessity?” at the 2020 Public Lecture, organised by ICSAN, Prof. Chris Ogbechie of the Lagos Business School (LBS), stressed the need to enhance MSMEs strength to jump-start the economy. He noted that MSMEs may be hardest hit by rece...
Empathy, Adaptability, Technology key to Company growth – Ifeanyi Nwigwe

Empathy, Adaptability, Technology key to Company growth – Ifeanyi Nwigwe

Corporate Stories, Interviews, Technology & Innovation
Ifeanyi Nwigwe As economies move to mitigate the unprecedented effects of the global Covid19 pandemic, empathy, adaptability and infrastructure are essential to drive recovery and repositioning most companies and businesses owners. This sentiment was shared by Ifeanyi Nwigwe, Assurance Lead, Shelze Consulting. According to Ifeanyi, firms must integrate technology now more than ever as person to person meets must reduce significantly. Sharing his approach he says, " Companies really need to take investment in I.T Infrastructure really seriously, that is what has actually helped us in this period. - "For Companies to get out of this they need to be more innovative, so for-instance before the pandemic my company made major investments in I.T Infrastructure" - It was as if we...
‘Increased trade activities post-lockdown to drive VLSFO demand’

‘Increased trade activities post-lockdown to drive VLSFO demand’

Energy
An increase in demand for Very Low Sulphur Fuel Oil (VLSFO) that would see prices strengthen is expected as economies begin to recover and trade restrictions lifted. This was the view of the Chief Operating Officer, Sahara Energy Resources DMCC, Dubai, Andrew Laven, while exploring key industry developments in the six months since the introduction of the IMO:2020 policy. According to him, as the global lockdown eases and economies awake, the shipping business will inevitably see increased demand. He added: “International shipping is responsible for around 90% of world trade. This will drive demand for VLSFO and prices should strengthen. The build-up of stocks in advance of 2020 meant shortages did not occur and the reduction in demand through COVID-19 meant the sup...
Airlines, airports’ council seek harmonised measures for air travel restart

Airlines, airports’ council seek harmonised measures for air travel restart

Aviation
World airlines and airports’ council yesterday, sought a harmonised and globally acceptable safety and security measures ahead of air travel restart is many parts of the globe. The bodies were worried by selective safety measures like mandatory 14-day quarantine for arriving passengers in some countries including Nigeria, and physical distancing onboard, both of which have been described as injurious and unsustainable to already beleaguered aviation business. The Airports Council International (ACI) World, and the International Air Transport Association (IATA), specifically called on governments to ensure any new measures introduced for airports and airlines in the wake of COVID-19 are supported by scientific evidence and are consistent across the world. Indeed, the aviation s...
Oil price rebound improves investors’ patronage, lifts index by 5.59%

Oil price rebound improves investors’ patronage, lifts index by 5.59%

Oil & Gas
The rebalancing in the oil market, which has resulted in a 94 per cent rebound in crude prices, added to enhanced institutional investors’ patronage in the Nigerian bourse buoyed equities transactions last week, as the All-Share Index (ASI), and market capitalisation soared massively by 5.59 per cent to close the week at 25,204.75 and N13.136trillion. Similarly, all other indices finished higher with the exception of NSE ASeM, which closed flat. Analysts argued that the bullish rally also followed investors positioning ahead of markdown dates of blue chip stocks, with many companies yet to release their 2019 full year, and Q1 2020 financials expected to do so. According to them, since the grace period due to the coronavirus pandemic expires on May 31, more numbers are likely to h...
Insurers offer customers free cover to deepen market penetration

Insurers offer customers free cover to deepen market penetration

Business
Determined to regain consumers’ confidence in the nation’s insurance industry, especially during the lockdown, operators have begun to offer of a two-week free insurance cover on all renewals under comprehensive motor insurance policy. The Chief Executive Of¬ficer at AXA Mansard Insurance Plc, Kunle Ahmed, in an interview with The Guardian, at the week described the gesture in the industry as a measure to boost policy uptake and penetration that could take the sector to a greater height. Ahmed said the offer of a two-week free insurance cover on all renewals of its comprehensive motor insurance policy commenced on the 1st of May 2020 and will run till December 31, 2020. He stressed that motor insurance customers will receive a two-week free insurance cover upon the next renewal of th...
AGRITED COVID 19 PANDEMIC PALLIATIVE

AGRITED COVID 19 PANDEMIC PALLIATIVE

Exclusive
- E M P O W E R I N G C O M M U N I T I E S Presenting to palliative is the Agrted Deputy General Manager, Mr. Moty Ganon while the Baale of Ibisgboro, Busari Salami looks on,   Amid the COVID 19 Pandemic and the impact on the wellbeing of the people globally including Nigerians, the need for collective action and efforts of both governments, corporate organizations and the civil society groups to step up  to assist the vulnerable and people in need motivated the management of AGRITED, Nigeria's leading livestocks/poultry company to give back to the communities in Ogun and Oyo State over N40million worth of Livestocks/Chicks  and feeds with a view to avert what could become a major challenge and the scarcity of one of the most essential protein product - Chicken. The products w...