Business Slider 

Buhari Nominates Dr Kingsley Obiorah As CBN Deputy Governor

President Muhammadu Buhari has sent the name of Dr Kingsley Isitua Obiora to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria. In a letter to President of the Senate, Ahmad Ibrahim Lawan, President Buhari said the nomination was in accordance with the provision of Section 8(1) (2) of the Central Bank of Nigeria (Establishment) Act 2007. Dr Obiora, upon confirmation by the Senate, replaces Dr Joseph Nnanna, who retires on February 2, 2020. Dr Obiora holds a Bachelor’s degree in Economics and Statistics from the…

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Maritime ‘ll Strengthen Nigeria’s Economy, Says Dangote

Now is Time for Investors to Key in – Women Affairs Minister The President of Dangote Group of Companies, Alhaji Aliko Dangote, has identified the maritime industry as a key element in the efforts to stimulate the Nigerian economy. Dangote said this in Lagos while commenting on the country’s economic potentials and the vast opportunities in Nigeria’s waters. This was as Minister of Women Affairs, Mrs. Pauline Tallen, said the maritime sector had been galvanised into an inclusive community of stakeholders and players working to grow the economy. Tallen said…

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Foreign Slider 

Captain Diverts Flight Due To Medical Emergency, Passenger Dies As Plane Landed

An Air Canada flight bound for Australia diverted to Honolulu over the weekend because of a dead passenger. Passenger Christopher Woodgate, 38, was pronounced dead when the flight landed in Honolulu on Saturday, said Kira Paiva-Kimura, an administrative services officer for the Honolulu medical examiner’s office. An autopsy will be conducted. The flight from Vancouver was headed for Brisbane, Australia, when it diverted to Honolulu because of a medical emergency, said Peter Fitzpatrick, an Air Canada spokesman. He would not provide details about what happened to the passenger. “Out of…

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Foreign Slider 

Experts To Review ECA’s Flagship Economic Report On Africa 2020

An expert group meeting to review the Economic Commission for Africa’s (ECA) flagship Economic Report on Africa (ERA2020) has been scheduled for 16 – 17 January 2020 in Johannesburg, South Africa. The report is titled, “Innovation for Private Sector Development in Africa.” It looks at current knowledge on innovations in finance, including financial technologies (fintech) and how such innovations can make a clear breakthrough in financing business sector development in Africa. The Economic Report on Africa is ECA’s main flagship publication. Each edition appraises recent economic and social developments in…

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Business Slider 

NIMASA Set To Energize Blue Economy, Says Dakuku

….It Will Encourage More Investors The Nigerian Maritime Administration and Safety Agency (NIMASA) is set to again honour stakeholders at the annual dinner and awards night scheduled to take place in Lagos on Saturday, January 18, 2020. This is as the Director General of the Agency, Dr. Dakuku Peterside extolled the role of stakeholders in assisting the Agency achieve its mandate over the years. Speaking ahead of the event, Peterside disclosed that part of the aim of organising the annual programme is to encourage industry players to keep striving to…

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Foreign Slider 

Private Jet Firms Blames Rogue Worker For Flying Ex-Nissan Boss To Lebanon

A Turkish private jet firm says a rogue employee acted alone to help former Nissan boss Carlos Ghosn escape from Japan using its aircrafts. Mystery surrounded how Ghosn, who faces criminal charges in Japan, travelled to Lebanon via Turkey at the weekend. But the MNG jet firm now says one of its employees falsified records and arranged two flights for Mr Ghosn under different names. The firm said it had filed a criminal complaint over the matter. Mr Ghosn, who holds Brazilian, French and Lebanese nationalities, was living under strict…

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News Slider 

Dangote’s Worth $14.8bn, Only African Among 100 World Richest

……..Fortune Increased By $4.3bn In 2019 African richest man Aliko Dangote has significantly moved up in the World billionaires’ list as he emerged 96th richest person in the world, with an estimated worth of $14.8 billion, as against his previous ranking of 103rd in the world.   Dangote, who remains the richest man in Africa for the 8th year running, was the only Nigerian on the list of the top 100 billionaires, as released last week by Bloomberg in its yearly billionaires list.   Jeff Bezos remains the richest in…

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Business Slider 

Oil Prices Set For Biggest Yearly Rise At $66.78pb  

Oil rose on the last trading day of the decade on Tuesday and was on track for monthly and annual gains, supported by a thaw in the prolonged United States-China trade row and Middle East unrest. Brent crude was up 11 cents at $66.78 a barrel by 1143 GMT. U.S. West Texas Intermediate (WTI) crude rose 6 cents at $61.74 per barrel. The volume of trade remained low as many market participants were away for year-end holidays. Brent has gained about 24% in 2019 and WTI has risen 35%. Both…

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Foreign Slider 

Putin Thanks Trump For Foiling New Year Attacks On St Petersburg

Russia’s President Vladimir Putin has thanked US counterpart Donald Trump for intelligence that helped foil “acts of terrorism” on Russian soil, according to a Kremlin statement. Putin and Trump spoke on the phone on Sunday, it said. The Kremlin said the information came via intelligence services, but it provided no further details. Russian media is reporting the discovery of a plot to attack St Petersburg over the new year period. Tass news agency says two Russian nationals have been arrested and plans to attack a mass gathering were seized, according…

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Business Slider 

Dangote’s GMD Makoju Retires After 45 Years In Cement Industry

…Michel Puchercos Steps In As New GMD The Group Managing Director/CEO of Dangote Cement Plc, Engr. Joseph Makoju mni will retire as GMD/CEO effective January 31, 2020, a position he has held since 2018; according to a report from the Nigerian Stock Exchange. Engr. Makoju, popularly called Mr. Cement, is bowing out after 45 years of transformational leadership in the cement industry. The Board has however approved the appointment of Mr. Michel Puchercos as his replacement as the Group CEO, effective 1st February 2020. The outgoing GMD/CEO of Nigeria’s largest cement manufacturer, holds a…

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