Partnerships
CSCS reiterates commitment to deepening capital market
The Central Securities Clearing System (CSCS) has restatement its commitment in repositioning business to efficiently play a more active and leading role in deepening the Nigerian capital market growth. Also, CSCS grew its profit after tax by 41.4 per cent for the year ended December 31, 2020. The company results showed that amidst unprecedented economic and financial market conditions occasioned by the COVID-19 pandemic, the Group grew total income by 31.3 per cent year-on-year (YoY) to N12.09 billion. Profit after tax grew by 41.4 per cent to N6.93 billion, translating to N1.39 earnings per share. The group delivered 20.3 per cent return on average equity for the 2020 financial year, compared to 15.3 per cent in 2019 full year. The company’s total assets stood at N41.42 billion, as again...
Delta government commends Nigerians in Diaspora for developmental efforts
The Delta Commissioner for Culture and Tourism, Mr Lawrence Ejiofor, has commended the Nigerians in Diaspora Organisation (NIDO) for its efforts toward the development of the state. Ejiofor made the commendation during a courtesy call on him by the former National Chairman of Nigerians in Diaspora, Europe Chapter, Mr Kenneth Gbandi, on Friday in Asaba. The commissioner expressed excitement at the idea of more developmental efforts from the private sector and assured them of the willingness of the government to create an enabling environment for development to thrive and for the promotion of partnerships. Earlier, Gbandi said that he planned to develop housing units in the state for Nigerians in the diaspora. He solicited partnership with the government in terms of access roads, adding that...
Minister: 60% of dairy products consumed in Nigeria imported
Nigeria imports at least 60 per cent of dairy products the country consumes, the Minister of Agriculture and Rural Development, Sabo Nanono, has said. Mr Nanono disclosed this when speaking at the National Dairy Policy Stakeholders Engagement in Abuja on Tuesday. He said, “Despite the potentials in the dairy industry, 60 per cent of dairy products consumed in the country is imported while the remaining 40 per cent is produced locally.” The minister said Nigeria’s per capita consumption of milk is 8 litres per year, representing very low consumption levels when compared with the global average of 44 litres of milk, according to the Food and Agriculture Organisation of the United Nations (FAO). According to him, presently, the Nigerian dairy industry is largely subsistence and consists of lo...
Australia’s competition chief claims victory after Facebook standoff
The architect of Australian media reforms being watched around the world claimed victory on Wednesday, even as critics said concessions to the laws forcing Big Tech to pay for news content have given Facebook and Google a get-out clause. The Australian government made late changes to the laws after Facebook last week blocked news content in Australia, escalating a dispute over the proposed legislation and catching international attention. The amended legislation is expected to pass the Senate this week, despite opposition from some minor opposition parties and independent politicians who argue it disadvantages smaller news companies. Rod Sims, the chairman of the Australian Competition and Consumer Commission (ACCC), told Reuters the bargaining power imbalance he was tasked with correcting...
Bishop Kaigama: It’s time to give youths chance in governance
The Archbishop of the Catholic Archdiocese of Abuja, His Grace Ignatius Kaigama, has said time has come for youths to take active part in governance. Kaigama, who insisted that “it is the right time now to give our youths a chance to express their leadership skills”, tasked authorities to expand the political space to allow more youths involved in decision making. Kaigama particularly advised Nigerian youths to seize the opportunity to bring to an end, decades of recycling political leaders by taking up leadership positions in the country. Speaking Saturday, during the 9th convocation lecture of Veritas University, Abuja,where he is the Chancellor, Kaigama said:”Recent events in our country show that there is the urgent need to expand the political space and allow our youths to be more inv...
Afe Babalola: Many Nigerian graduates cannot defend certificates
File Photo Aare Afe Babalola (SAN), the founder of Afe Babalola University, Ado Ekiti, has said that the quality of education in Nigeria had degenerated to the extent that many graduates cannot defend their certificates. Babalola, who expressed displeasure at the growing declining standards of education, particularly university education, called for urgent action to correct the trend before it was too late. He said this during a reception for 37-year-old Prof Damilola Sunday Olawuyi, the Deputy Vice-Chancellor, Academic, Research, Innovation and Strategic Partnerships of the institution who recently became a SAN. The ABUAD founder, who spoke on how his law chambers produced 24 SANs including Olawuyi of his university, said, “I love bright, hardworking and industrious people, like Prof Olaw...
IFDC, EBID sign pact to boost agriculture in West Africa
The International Fertilizer Development Center (IFDC) has signed a Memorandum of Understanding (MoU) with the ECOWAS Bank for Investment and Development (EBID) for the improvement of soil health and plant nutrition in West Africa. The agreement will engender multifaceted programmes aimed at promoting growth and development of the agricultural sector in the West Africa sub region. Though West Africa accounts for two per cent of global fertilizer consumption, fertilizer application rates in the region are still low due to logistical challenges, including reliance on imports that may or may not be appropriate for the various soils in the region. IFDC is an independent non-profit organization, operating in 17 countries in Asia and Africa, which combines science-backed innovations, an enabling...
Minister presents draft national biosecurity policy to stakeholders
The Minister of State for Environment, Sharon Ikeazor, formally presented zero draft National Biosecurity Policy to stakeholders. The Minister, who made the presentation in Abuja today, said the Zero draft National Biosecurity Policy has been developed with the full recognition of Biosecurity as a multi sectoral discipline, with all efforts geared towards a one health approach, collaborative approach and an understanding of the responsibilities of various sectors which include governments, NGOs, CSOs, communities and individuals. The honourable Minister said ” to maintain Biosecurity, significant attention should be paid to strategies for the prevention and early detection of, as well as rapid response to, harmful and potentially harmful organisms. She noted that to afford true protection,...
Nigeria most expensive for upstream projects – NNPC chief
The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that Nigeria remains one of the most expensive countries in the world for petroleum upstream projects. Upstream is refers to points in production that originate early on in the processes of crude oil production. Its activities include exploration, drilling, and extraction. Kyari made this known at the Nigerian Content Tower in Yenagoa, Bayelsa State during a review meeting with the Permanent Secretary, directors and chief executives of agencies in the Petroleum ministry. According to him, “Nigeria is one of the most expensive territories in the world for upstream projection and part of the corporation’s mandate is to reduce cost by at least five percent. “We have reduced costs substantiall...
Kogi government mourns deceased Attah Igala
Kogi Government has described the death of Attah Igala, Michael Ameh Oboni, as shocking and a colossal loss to the state and Nigeria. This is contained in a statement issued by the state Commissioner for Information and Communication Strategy, Mr Kingsley Fanwo, in Lokoja on Sunday. Fanwo stated that the late monarch ruled with great courage and with fear of God during his seven-year stay on the throne. Newsmen reports that Oboni was, until his death in an Abuja hospital on Aug. 27, the Chairman of the state Council of Chiefs. Fanwo stated that the late Attah was fiercely loyal to his people throughout his lifetime and used his throne to foster friendships and partnerships for his domain and for Kogi State. “The late Attah of Igala was a great man indeed and often ahead of his time and ins...
Nigerians dying quietly from toxic preservatives in foods – scientists
Food processors and sellers across Nigeria are using toxic chemicals to improve the look of many food items, including cassava flour, beans and fish, scientists have said. The experts explained that with the practice, millions of people are subjected to the risk of experiencing kidney problems and cancer. They claim that weak government testing capacities and informal food supply chains leave traders and fishermen with little oversight and offer almost no protection to unwary consumers. Deputy Vice Chancellor (Research, Innovation and Strategic Partnerships), University of Ibadan, Professor Adenike Adeyemo, stated that many of the toxic chemicals are added as preservatives but are not safe for human consumption. Adeyemo, a professor of Aquatic Epidemiology and Toxicology, declared that the...
UNICEF, Patoranking re-release Bob Marley’s ‘One Love’
The United Nations Children’s Fund (UNICEF) in collaboration with Patoranking, a popular Nigerian musician and some other artistes, on Friday re-released the late Bob Marley’s iconic song, “One Love.” This is contained in a statement signed by UNICEF Abuja, Communication, Advocacy and Partnerships officer, Oluwatosin Akingbulu. Mr Akingbulu said that proceeds from the song and related activities would be used to support “Reimagine”, UNICEF’s new global campaign. He said the campaign was organised to prevent the COVID-19 pandemic from becoming a lasting crisis for children and to ensure the post-pandemic world was fairer and more equal for every child. “The release is to support UNICEF’s work to reimagine a fairer, more just world for children whose lives had been upended by the COVID-19 pa...
