President Muhammadu Buhari is among African leaders that have indicated interest to attend the inauguration of Liberia’s President-elect, George Weah, on today. According to a News Agency of Nigeria (NAN) report, the Chief Protocol of Liberia, Mr. Jarvis Witherspoon, stated this at a media briefing in Monrovia. We expect that the list is going to get longer.’’Witherspoon said that representatives were also expected from the European Union Parliament and several other international groups, including world football governing body, FIFA. This will be the first transition of power from one democratically elected president to another in Liberia’s political history. The Deputy Inspector-General (Operations) of the Liberia National Police, Mr Abraham Kromah said adequate security arrangements had been made for a hitch-free ceremony.
January 22, 2018 04:30 UTC
He condemned critics of cattle ranching in the country, describing them as having evil intention, inconsiderate and unreasonable to humanity. Zuanah, who spoke in an interview with The Guardian, said cattle colonies would create other un-intended cultural, social and chieftaincy issues. He solicited partnership to establish mega ranches, rather than the proposed colonies in some states that have support it. The concept and its intended operation connote an idea to seize or takeover land and appropriate it to herdsmen. He blamed the security agencies for abdicating their constitutional responsibilities of protecting the lives and property of the people.
January 22, 2018 04:30 UTC
This followed the death of an infant at the Federal Medical Centre, Lokoja, and the infection of the medical doctor who attended to him. The state Commissioner for Health, Haruna Saka, confirmed the incident to The Guardian in a telephone interview. He said a team set up by the state to curtail the spread has been doing everything possible to check the spread. The commissioner said the medical workers on duty at the FMC Lokoja, have been placed on red alert to trace the baby and the doctor’s line of contacts. He said: “We need to prevent the spread beyond the health workers their families and the baby’s line of contacts.
A non-governmental organisation, Ebele and Anyichuks Foundation, has donated a new two-storey building comprising six classrooms and Information Communication Technology equipment to Isu Achara community in Ohaozara local government council of Ebonyi State. The foundation used the occasion of handing over ceremony to empower indigent members of the community, including widows, youths, artisans and the less privileged with a charge on them to encourage educational development of the area. Extolling the humanitarian disposition of Ebele and Anyichuks Foundation, Umahi noted that the foundation “has been a source of consolation, he has stood for the poor, as we express our gratitude to him, we pray that the creator will continue to promote him. “Over a decade ago, we started this journey towards emancipation humanity from the strong forces of under development and poverty through youth empowerment, social security and economic liberation. A beneficiary Mrs. Cecilia Njoku, who spoke on behalf of the others, praised the Foundation for its philanthropy, assuring that the empowerment with several gift items would improve their economic wellbeing and development.
A new executive team to manage the affairs of Estate Lawn Tennis Club, Isolo, has been installed. The new executive headed by the 11th president of the club was inaugurated at a colourful event witnessed by members and guests. The new executives are President, Mr Adebanjo Adediran; Vice president, Engr Alex Olusola Ogunmokun; General secretary, Mr Jimi Ogunmokun; Director of finance, Mr Benson Ogunyamoju; Director of treasury, Alhaji Rasak Lawal; Director of social service, Mr G. Olubunmi Gbojoh and Director of club service, Mr Ayo Abiloro. Speaking at the event, President, Estate Lawn Tennis Club, Mr. Adebanjo Adediran said his administration would be driven by three agenda during the next two years. On his part, General Secretary, Ogunmokun said executives are appointed every two years, while members’, wives and children below 18 years can use the club facilities.
“Economic growth and environmental sustainability are growth, and as you are all aware, Nigeria is already part of those leading this transformation by innovating at home and helping to implement low-carbon alternatives. If this is done right, it will create good jobs, grow our economy and reduce pollution. “The ministry is a key participant in this environmental transformation that put people and planet at the Centre”, he stated. “The Retreat is aimed at strategically aligning key activities of the ministry with the ERGP as well as with the NDCs implementation as captured in the Paris Agreement and other relevant protocols”. With the theme; “Re-dedication to the implementation of ERGP and NDC” it was a strategic meeting to prepare the ministry to work cohesively and coherently towards delivering on the mandates of the present government for the environment sector.
He suggested alternative financing approaches like integrated rural development, compulsory housing savings scheme, securitization and housing bond. The potent solution to our housing problem is the development of social housing as housing should not be a poverty index. The problems with Nigeria housing include the fact that some houses are over-designed in terms of space and quality. Since health is wealth, effective property taxation and housing development can be used to redistribute wealth and reduce poverty. Oil subsidy can be eradicated and in its place should be social housing development and agricultural grants.
January 22, 2018 03:45 UTC
As I pondered over the negative effects of malnutrition, the following questions came to my mind: Is the country investing in food security? This piece seeks to critically examine the issue of food security with a view to proffering solutions. At this juncture, one tends to ask – what is the government doing to ensure food security in Nigeria? Application of modern technology: It is obvious that technology plays an important role in food production. This is to boost food production as well as creating jobs for the teeming unemployed youths through the value chain.
January 22, 2018 03:45 UTC
Brands & Marketing’s surveys and interactions with a cross section of consumers revealed the likely direction some brands are likely to fare, this year, as far as consumers’ loyalties are concerned. Indomie NoodlesAnother brand, which romance, with the consumers, may be sustained this year, is the Indomie Noodles. Interestingly, the brand’s Indomie Independence Heroes Award, its CSR initiative and other promotional activities have kept it brand constantly in touch with its consumers. Perhaps the brand’s greatest strength is being seen as very accessible to the low income class. Besides the brand’s various marketing campaigns , designed to refreshen it in the minds of its loyal consumers, Gala presence and visibility in street corners of major cities and shops in the country, further reinforce its presence in the consumers’ minds.
January 22, 2018 03:00 UTC
As crevices and craters create potholes on highways, so do character flaws create potholes in leadership. Here are some leadership potholes that leaders should guard against. IndecisionIndecision in leadership is an anomaly because decision making is at the heart of leadership. Playing favouritismFollowers love and respect leaders who are fair because fairness is actually a respect to all concerned. Last lineAvoiding potholes does not prevent accidents on the highway.
January 22, 2018 02:41 UTC
The Conglomerates Industry followed with 864.180 million shares worth N2.440 billion in 2,561 deals. The third place was occupied by Consumer Goods Industry with a turnover of 210.994 million shares worth N7.731 billion in 7,336 deals. During the week, it was recorded that 40 equities appreciated in price, lower than 66 of the previous week, while 32 equities depreciated in price, higher than seven equities of the previous week, while 100 equities remained unchanged higher than 99 equities recorded in the preceding week. “We observed a strong correlation between the historical movements in the NSE ASI and the crude oil price (Bonny Light). “Despite the 2017 equity market rally driven by a partial liberalization of the country’s exchange rate regime, the Nigerian Stock Exchange remains relatively undervalued.
January 22, 2018 02:36 UTC
The act stipulates that decisions that go beyond administrative activity of the bank but bore on policy choice should be determined by the Monetary Policy Committee (MPC). The monetary policy committee (MPC) is the highest policy making committee of the CBN mandated to: Review economic and financial conditions in the economy; determine appropriate stance of policy in the short to medium term; review regularly, the CBN monetary policy framework and adopt changes when necessary; communicate monetary/financial policy decisions effectively to the public and ensure the credibility of the model of transmission mechanism of monetary policy. According to him, the MPC meeting would have given investors and analysts the opportunity to know the monetary policy direction in the new year. Most of the changes in policy instruments have taken place outside the MPC meeting. Monetary policy stance in 2018 could change when the underlying fundamentals become supportive.
January 22, 2018 02:26 UTC
THERE are high expectations that money market rates are likely to moderate on a mixture of Open Market Operation (OMO) maturities (inflow) and Bond auctions (outflows). “Also, it is expected that an OMO maturity of N64.3billion will impact on liquidity levels while the CBN continues with its unpredictable OMO mop ups. Meanwhile, the Debt Management Office (DMO) will be conducting its first FGN Bond auction for the year this week. Notwithstanding, Nigerian Eurobonds witnessed the most buying interest with yields falling on 4 of 6 instruments contrary to other countries. Average yield rose 17bps, 5bps, 3bps, 7bps, 14bps and 8bps on the Ghanaian, Gabonese, Ivory Coast, Kenyan, Senegalese and South African instruments.
January 22, 2018 01:11 UTC
“Many student accounts have age limits, at which point the account converts into a standard current/savings account with different fee structures,” says Matjanec. Having your own student account is your acceptance of the financial responsibility that comes with adulthood. A big part of that is being able to manage your personal finances and that begins with your student account. Even if you never write a cheque in your life (using online bill pay, debit cards and your smartphone instead), your student account is like your spine. Many employers offer direct deposit of your pay cheque which gives you quicker access to your funds, but you need a student current account.
January 21, 2018 23:03 UTC
He tells OYETUNJI ABIOYE about the future of financial technology in Nigeria and the forthcoming National FinTech Conference. How has your experience in the banking sector led you into what you are doing now in the FinTech space? What is the vision behind the establishment of the FinTech Association of Nigeria? FinTech Associates, international partners and the CIBN Centre for Financial Studies held the first edition of the National FinTech Conference last April. Just like last year, we promised that before the next year, we would have set up the FinTech Association of Nigeria.
January 21, 2018 23:03 UTC