Category: Industry

NEXIM Partners Fidelity Bank, Sapphital To Grow Nigeria’s Export Sector

JUSTINA EMMANUEL OKPARA

As part of efforts to boost Nigeria’s foreign exchange earnings, the Nigerian Export-Import Bank (NEXIM) has announced a strategic partnership with leading financial institution, Fidelity Bank Plc and Sapphital Learning Ltd. The partnership will help improve the skills and performance of export businesses in Nigeria by leveraging the NEXIM Export Academy (NEXA); an online platform that provides exporters with capacity-building training and access to finance to scale their business. The NEXA platform which was Launched with the support of Sapphital (a digital learning institute) in 2022, is designed to empower…

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Bloomberg: Dangote Reclaims Richest Man In Africa Spot With $15.6bn

Admin

President of Dangote Group, Aliko Dangote remains the richest man in Africa, despite the volatility of Nigerian currency against the dollar. Bloomberg in its daily top billionaire lists, released on Tuesday, revealed that Dangote with a wealth of $15.6 billion topped other Africans in the Index. Dangote, who remains the richest man in Africa for the 12th year running, was the only Nigerian on the list of the top 500 billionaires, as released by Bloomberg. Other Africans listed in the latest top 500 world billionaires list for the year 2023…

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Ned Nwoko: How I Missed Joining Ill-fated Titanic Submersible

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While grieving over his friend and partner, Hamish Harding, a passenger in the ill-fated Titan submersible, Nigerian politician Ned Nwoko, on Friday, revealed that he was invited to join the tour of the famous Titanic Ship wreckage. Mr Harding, a British businessman, explorer, and multiple-Guinness World Record holder, including one for the longest time spent traversing the deepest part of the ocean on a single dive, was one of the five people who died aboard the imploded submersible. The politician took to his verified Instagram handle and explained why he…

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Meet Olu Verheijen, President Tinubu’s Energy Adviser

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President Bola Ahmed Tinubu has appointed Ms. Olu Verheijen as his adviser on the Energy sector, as part of recent appointments in key sectors of the economy. With nearly 20 years of experience, Ms Verheijen brings extensive knowledge and expertise in the oil, gas, power, and renewable energy sectors in sub-Saharan Africa. Her previous roles include serving as a Deal Lead at Shell, where she advised on gas commercialization and participated in multi-billion-dollar mergers and acquisitions transactions. She currently leads Latimer Energy, a consultancy firm specializing in energy sector investment…

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Micro Pension: EFInA Restates Importance For Informal Sector Workers

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…As Contributions Hit N435.61m A major financial inclusion advocate, Enhancing Financial Innovation & Access (EFInA), has restated the need for informal sector practitioners to embrace opportunities in Micro Pension Plan. The advice came on the heels of most informal sector employees’ lack of interest in the scheme set up in 2019 to take care of their welfare after retirement from active work life. This is just as contributions under MPP have peaked at N435.61 million. The gradual input of the scheme to the economy shows that more Nigerians, both in…

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World Environment Day: Egbin Power Plc Charts Path For Environmental Sustainability

JUSTINA EMMANUEL OKPARA

…urges global concerted efforts Deliberate actions designed to further reduce environmental pollution in line with global agenda for sustainability have been outlined by Egbin Power Plc, the largest power generating station in Nigeria, to commemorate World Environment Day 2023, under the theme “Solutions to Plastic Pollution.” The GenCo, while raising awareness about the hazardous impact of pollution on the environment, also called for concerted global efforts among governments, businesses, and individuals towards building a more sustainable world. Speaking during the activities outlined to commemorate this year’s World Environment Day, Chief…

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Children’s Day: Earlybrite CEO, Tubotamuno, Urges Govt. To Partner EdTech Companies

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The Chief Executive Officer (CEO) of Earlybrite, Mr Victor Tubotamuno, on Friday urged the federal government to increase investment in education through strategic partnerships with Education Technology (EdTech) companies in the country. Tubotamuno said this in an interview with the News Agency of Nigeria (NAN) in Lagos ahead of the 2023 Children’s Day celebration on Saturday. Earlybrite is an EdTech company, which Tubotamuno said was committed to revolutionising education and empowering young learners through innovative digital solutions. He noted that technology had the potential to transform schools, hence, the government-EdTech…

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Import Duties: First Bank Defrauds Federal Government of N100bn

Gideon Myek

.CBN, Clearing Agents Blacklist Lender …May face EFCC soon The Central Bank of Nigeria (CBN) on the orders of the House of Representatives Committee on Customs has delisted First Bank Plc from collection of import duty revenue due to its alleged failure to remit N100billion collected on behalf of the Federal Government of Nigeria on export proceeds for Nigerian Exports Promotion Council (NEPC). This indication was given by the Acting National President of Association of Nigerian Licensed Customs Agents (ANLCA) Dr Kayode Farinto innan exclusive chat with DAILY TREND on…

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Cancer Causing Substance Found In Indomie Noodles

JUSTINA EMMANUEL OKPARA

Indofood, makers of Indomie instant noodles, has reacted to a recall of its products in Taiwan and Malaysia over an increased cancer risk. Health officials in Malaysia and Taiwan said they had detected ethylene oxide, a compound, in Indomie’s “special chicken” flavor noodles. Ethylene oxide is a colourless, odourless gas that is used to sterilise medical devices and spices and has been associated as a cancer causing chemical. The ministry of health in Malaysia said it had examined 36 samples of instant noodles from different brands since 2022 and found…

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How Southerners Control Juvenile Sex Trade In Maiduguri

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Despite the pervading insecurity, recent investigations have revealed that the den of prostitution in Maiduguri, capital of Borno State, has largely been in the hands of southerners and non-Muslim. According to findings, the current peaceful atmosphere has provided more grounds for the illicit trade to thrive Ironically, the Muslim dominated community has been taken over by this group of people for the purpose of promoting prostitution, drug and other illegal engagements. Prominent brothels housing underage girls are controlled by these men from with protection from serving and retired military personnel.…

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