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NCC Chief, Danbatta, to Unveil Compendium, Key Projects Sept 7

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Professor Umar Garba Danbatta, Executive Vice-Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC) will launch a compendium of his landmark speeches, presentations and  unveiling of two other strategic initiatives of the Commission on September 7, 2021 in Abuja.

Titled: “Catalysing Nigeria’s Socio-Economic Transformation through Broadband Infrastructure,” the book is a compilation of carefully-selected, seminal speeches and presentations of Prof. Danbatta, touching on all strategic areas of the nation’s telecoms industry development and the entire digital economy ecosystem, since his assumption of office as the EVC/CEO of NCC in August, 2015.

Danbatta, a Professor of telecommunications engineering, accomplished academic, and seasoned administrator has made extensive speeches and presentations on a wide-range of subjects in telecoms and ICT at important national, regional and international events  since leaving the ivory tower to become the EVC of NCC in 2015.

His landmark speeches and presentations from 2015 till date have, thus, been codified in a concise collection, as a compendium, providing useful information that will significantly add value to the existing body of knowledge in the telecoms sector, and by extension, the entire Information and Communication Technology (ICT) industry.

The foreword to the book has been painstakingly written by the late former Chairman, Board of Commissioners of NCC, Alhaji Ahmed Joda of blessed memory. The book will serve as a useful reference material not only for existing and prospective investors in the sector but also for researchers in the academia as well as policy analysts and others interested in any aspects of the telecom industry and regulation. The book which also chronicles important milestones attained by the Commission under Danbatta’s leadership is a compelling read.

Other strategic projects to be unveiled by the Commission alongside the compendium are the NCC’s new five year Strategic Vision Plan (SVP) 2021-2025 and the Commission’s new social media channel, the NCC’s Global Connect Podcast.

The new SVP will enable cross-functional infrastructure, ubiquitous services and deepen consumer engagement to consolidate the growth of the telecoms sector and expand the possibilities of the digital economy.

The need to develop another SVP, as a five-year implementation roadmap for the Commission, followed the expiration, in 2020, of the first SVP unveiled by Danbatta in 2016.

It has been widely acknowledged that the diligent execution of the first SVP initiative, under Danbatta, has helped to consistently lift broadband penetration, increase telephone access, boost the sector’s contribution to the Gross Domestic Product (GDP), enhance healthy competition in the industry, improve quality of service (QoS), as well as put the sector’s overall investment profile on an impressive growth trajectory, among others.

The ‘NCC Global Connect,” podcast is the third initiative enlisted for unveiling during the launch. The latest addition to the NCC social media spectrum will help in enhancing the Commission’s corporate communication activities within the online space. The podcast initiative was conceived in keeping with NCC’s core values of innovation and excellence;. It adds to the existing media channels, providing an inclusive medium to broaden our media platforms to educate external stakeholders on its regulatory activities irrespective of their circumstances, through audio contents.

A statement by Dr. Ikechukwu Adinde, the Director, Public Affairs at NCC stated that the Honourable Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami, will be the Special Guest of Honour at the occasion.

Senior government officials, industry leaders and stakeholders as well as dignitaries from across the country are billed to attend the landmark event.

AIICO, Coronation Drag Insurance Index 0.3% Lower at NGX

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Babatunde Fajemirokun

Managing Director/CEO

AIICO Insurance Plc

The Nigeria Daily Market Report by Afrinvest Research for Tuesday, August 31, 2021 states that profit-taking in AIICO Insurance Plc (-3.9%) and WAPIC (Coronation Insurance Plc) (-3.9%) dragged the Insurance index at the NGX lower by 0.3%.

The Report also mentioned LASACO Assurance Plc (-9.7%) as one of the quoted firms that led the losers for the day’s trading.

‘We expect market performance to tilt in the bearish direction, as investors continue to search for optimum return. Consequently, the All-Share Index fell 27bps to 39,219.61 points, YTD loss worsened to -2.6% while market capitalisation declined ₦55.8 billion to ₦20.4 trillion. Trading activity improved as volume and value traded rose 41.4% and 28.1% to 425.7 million units and ₦2.0 billion.’

Nigeria, Japan Partner on Digital Economy

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Mr. Bitrus Bako Nabasu, Permanent Secretary, Ministry of Communications and Digital Economy  recently received in audience the Ambassador-designate of Japan, His Excellency, Mr. Sadanabu Kusaote Umer and his entourage in his office in Abuja on a courtesy call.

The Permanent Secretary said it was a pleasure to have the Ambassador to interact with the Ministry of Communications and Digital Economy at a time it is working assiduously towards digitising the country’s economy. He noted that the economy of Japan is being driven by modern technology and that it will be of immense benefit for Nigeria to collaborate with the Government of Japan to develop her digital economy sector which will in turn increase her Gross Domestic Product (GDP).

He said that the Digital Economy added to the Communications Ministry is to enable it to digitise the economy thereby enhance economic growth, create employment especially for its teaming youths and bring about better life for the people generally.

He reiterated that to partner with Japanese Companies on Technology Development particularly in digitalisation of Nigeria’s economy is a very welcome development.

According to Mr. Nabasu, Nigeria is a mono economy of which its main source of revenue is oil and that the price of crude oil is no longer attractive in the global market, therefore Nigeria can no longer depend on oil alone to advance as a nation. He stated that the time has come to “think out of the box” by diversifying our economy in digitalisation of the nation’s economy.

He said the Ministry is looking forward to a stronger partnership with Japan’s technology companies for employment generation for its people who are unemployed, especially its youths. He noted that Nigeria is very passionate about the digitalisation of the Nigerian economy and has been working assiduously to actualise that.

Speaking earlier, the Ambassador-designate said that the purposes of Japan’s co-operation with Nigeria are numerous; first; for the realisation of a digital Society in the country; introducing digital technology for more effective and efficient development cooperation in various areas; through infrastructure development for building a digital society; supporting spontaneous development through the spread of digitalisation; and developing a secure, free and open cyber environment to ensure Nigeria’s ownership of data.

He added that other areas of co-operation include existing projects and plans for the future.

 

Zenith Bank: N150bn Operating Expenses, -13% Investment Income Decline

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Ebenezer Onyeagwu

Managing Director/CEO

Zenith Bank Plc

Zenith Bank released its H1-21 interim financial report recently showing that operating expenses grew at a faster pace (+10.3% to NGN149.85 billion), as all major contributory line items, save for personnel expenses (-3.3% y/y to NGN37.58 billion), recorded growth.

According to Cordros Capital, interest income declined by 6.0% y/y to NGN203.93 billion, following declines in income from investment securities (-12.6% y/y to NGN62.84 billion) and loans and advances to banks (-66.0% y/y to NGN5.66 billion).

“Both declining contributory lines masked the growth in income from loans and advances to customers (+5.5% y/y to NGN135.43 billion) as risk asset creation edged up by 2.1% to NGN2.84 trillion in H1-21. Particularly, the respective 22.5% and 16.8% y/y growth in AMCON levy and NDIC premium drove costs higher. Consequent to the higher opex growth relative to operating income, the bank’s cost-to-income ratio (ex-LLE) settled higher at 56.1% (HY-20: 54.3%).

Likewise, interest expense declined significantly by 26.1% y/y to NGN43.99 billion, reflecting the lower cost on deposits from customers (-38.5% y/y to NGN26.16 billion) and despite the higher interest cost on borrowings (+4.9% y/y to NGN17.83 billion). Consequent to the larger decline in interest expense, net interest income settled marginally higher by 1.6% y/y at NGN159.94 billion. After accounting for credit impairment charges (-17.2% y/y to NGN19.80 billion), net interest income (ex-LLE) settled 5.0% higher year-on-year.
Maintaining the trend from last period, non-interest income (NII) settled 8.8% higher y/y at NGN126.77 billion. This was supported by the significant expansion in fees and commissions income (+42.3% y/y NGN47.66 billion) and gains from other operating income (+244.6% y/y to NGN7.34 billion).

The impressive NII expansion, alongside the growth in net interest income, led to a 6.8% y/y increase in operating income to NGN266.91 billion.
Overall, profitability was stronger, with profit-before-tax 2.6% higher year-on-year. However, profit-after-tax expansion settled at 2.2% year-on-year growth (NGN106.12 billion), on account of a 6.2% y/y increase in income tax expense.”

 

 

 

 

 

 

 

 

 

 

 

 

 

PenCom Commences Online Verification/Enrolment for 2021 MDA Retirees

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The National Pension Commission (PenCom) has developed an online application which automates the Annual Pre-Retirement Verification and Enrolment Exercise for retirees/ prospective retirees of Treasury-funded Federal Government MDAs.

Accordingly, the online Enrolment Application would go live on 1st September, 2021.

  1. Who is eligible for the 2021 Verification and Enrolment exercise? The following groups of people are eligible for the Online Verification and Enrolment Exercise from 1st September, 2021.
  2. Employees of Federal Government treasury-funded MDAs who retired between January and August 2021
  3. Employees of Federal Government treasury-funded MDAs who are due to retire from September 2021 iii. Employees of Federal Government treasury-funded MDAs who missed the enrolment exercises in previous years
  4. Options for Enrolment The two enrolment options are as follows:
  5. Self-Assisted Retirees/prospective retirees for the year 2021 are required to visit PenCom’s website www.pencom.gov.ng to initiate the online enrolment process. This is done by registering and capturing their employment details as well as uploading scanned copies of the required documents before proceeding to their respective Pension Fund Administrator (PFA) for physical verification and enrolment. The step-by-step procedure for the Online Enrolment would be hosted on the PenCom website.
  6. Pension Desk Officer (PDO)/PFA-Assisted Retirees/prospective retirees who are unable to complete the online registration for any reason could approach the PDO of their respective MDAs or visit their PFA for assistance.

The Verification and Enrolment by all concerned must be completed with their respective PFAs by 29th October 2021.

 

Africa: Smartphone Shipment Grew 13.2% in Qtr2 2021

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Smartphone shipments into Africa grew 13.2% year on year in Q2 2021 to total 22.8 million devices, according to the latest insights from International Data Corporation (IDC).

The firm’s Worldwide Quarterly Global Mobile Phone Tracker shows that feature phone shipments increased 11.8% over the same period to total 26.7 million units. With 54.0% share in Q2 2021, feature phones continue to account for the majority of the African mobile phone market due to their relative affordability and durability.
“After a year of unprecedented market conditions, Africa’s smartphone market is showing signs of recovery from the economic damage inflicted by the COVID-19 pandemic,” says Arnold Ponela, a senior research analyst at IDC.

“The region’s largest smartphone markets each contributed to the overall growth in Q2 2021, with Nigeria (+36.7%), Egypt (+24.6%), and South Africa (+10.5%) all recording strong year-on-year increases in shipments.”
Figure 1: Africa Smartphone Market by Brand Share (Units), Q2 2020-Q2 2021

 

 

Transsion brands (Tecno, Itel, and Infinix) continued to dominate Africa’s smartphone space in Q2 2021, with 47.4%unit share. Samsung and Xiaomi followed in second and third place, with respective unit shares of 19.3% and 9.1%.

The Transsion brands (Tecno and Itel) also dominated the feature phone landscape with a combined share of 76.3%. Nokia placed third with 9.8% share of feature phone shipments in Q2 2021.
“The competitive landscape in Africa changed with Huawei out of the top five for the first time in many years, after shipments declined due to the increased weight of U.S. sanctions on the company,” says Ponela.

“Taking advantage of this situation are the Chinese vendors OPPO and Xiaomi, which both saw their share of the market increase during the first half of 2021.”
In terms of price bands, devices priced below $200 accounted for 84.7% of smartphone shipments to Africa in Q2 2021. The share of smartphones priced below $100 increased from 42.0% in Q1 2021 to 45.0% in Q2 2021, while the share of devices priced $100-$200 decreased from 43.3% to 39.6% over the same period.
“Given the challenging macroeconomic conditions and subsequent increase in smartphone uptake in Africa, it’s no surprise that the sub-$100 segment was the clear hero in Q2 2021,” says Ramazan Yavuz, a research manager at IDC. “The sub-$100 category is also benefiting from the ongoing decline in feature phone share due to vendors and mobile operators transitioning their product portfolios away from feature phones and toward affordable entry-level smartphones.”
Looking ahead, IDC expects Africa’s overall mobile phone market to grow 3.2% quarter on quarter in Q3 2021, with overall shipments to increase slightly through 2021, leading to year-on-year growth of 4.5% for the year as a whole.

“The African smartphone market is expected to recover as vaccines become more widely available, despite virus mutations causing secondary lockdowns,” says Yavuz. “The markets are now better prepared to handle the situation, with the impact of these secondary lockdowns not as severe as they were first time round.”

 

 

 

 

Sovereign Trust Named Insurance Company of the Decade

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L-R: Segun Bankole, Deputy General Manager, Sales and Corporate Communications, Sovereign Trust Insurance Plc, receiving the “Insurance Company of the Decade” Award from Mrs. Modupe Ajayi, (Wife of the Publisher of Marketing Edge Magazine) at D’Podium Event Centre over the weekend.

NCC/NESG: Partnership for Telecom Impact in National Development

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L-R: Dr. Ikechukwu Adinde, Director, Public Affairs, Nigerian Communication Commission (NCC) and Nnanna Ude, Leader, National Assembly Business Environment RoundTable (NASSBER), Nigeria Economic Summit Group (NESG), during the courtesy visit

The Nigerian Communications Commission (NCC) and the Nigeria Economic Summit Group (NESG) are considering possible areas of increasing collaboration to enhance the impact and contribution of telecommunications sector on Nigeria’s socio-economic development.

This was the crux of deliberations during a courtesy visit by a delegation of the National Assembly Business Environment Round Table (NASSBER), a policy unit at NESG led by Nnanna Ude and a member of the Technical Committee of NASSBER, Yemi Keri.

The need for stakeholder collaboration and engagement between the Commission and other stakeholders in order to conduct an impact assessment and gap analysis of the Nigerian Communications Act (NCA) 2003, which will lead to improvement of the legal instrument and reflect new trends, especially in a post-pandemic world, was the primary focus of the visit.

The two entities also considered synergy in the area of Research and Development (R&D); while NESG has expressed its desire to have the Commission feature prominently in the forthcoming Nigeria Economic Summit (NES), an annual summit organised by the NESG, scheduled to hold in October this year.

While receiving the delegation on behalf the Executive Vice Chairman of NCC, Prof. Umar Garba Danbatta, the Director, Public Affairs, NCC, Dr. Ikechukwu Adinde, stated that the meeting was a welcome development, as it aligns with the telecom regulator’s strategic partnership and collaboration objectives.

Adinde stated that the NCA 2003 is a robust regulatory instrument, which has given the NCC the mandate to regulate the telecom sector effectively, as seen in the contribution to the overall economic development of the country.

He stated further that, by virtue of Section 70 of the NCA 2003, the Commission has developed various regulations and issued guidelines that have helped in addressing critical issues pertaining to its regulatory activities.

Other senior management staff of the Commission, including the Director, Licensing & Authorisation, Muhammed Babajika; Director, Technical Standards & Network Integrity, Bako Wakil and representatives of the departments of Legal & Regulatory Services; Policy Competition & Economic Analysis; and Financial Services of the Commission, took turns to talk about the activities of the Commission in implementing its regulatory mandate for the benefit of the country.

Mr Babajika spoke on the licensing regime of the Commission and its impact on innovation in the economy, while Engr Wakil spoke about NCC’s regulatory efforts and collaborations with various stakeholders, such as the Nigeria Governors’ Forum (NGF) towards addressing challenges to quality of service (QoS) in telecom industry.

The impact of these challenges such as multiple taxation and regulations, fibre cuts, vandalism, high cost of Right of Way (RoW), theft of telecoms facilities and the need for the passage of the Critical National Infrastructure (CNI) Bill into law.

Speaking earlier on behalf of the Chief Executive Officer of NESG, Laoye Jaiyeola; Ude acknowledged the critical role NCC is playing in the provision of essential digital support for the Nigerian economy.

He noted that, in 20 years of telecoms liberalisation, the Commission has been contributing significantly to the country’s Gross Domestic Product (GDP).

Ude explained that the visit was part of the efforts of the NESG to strengthen collaboration with key institutions of government such as the NCC. He extolled the role of the Commission in driving telecommunications sector growth through efficient and result-oriented regulations, noting that the impact of the regulations are evident in industry performance indicators which have shown upward trajectory over the recent years.

“The NCC is key to the digital transformation agenda of the government and we can see the footprints of the readiness of the country on that journey, in terms of the level of broadband penetration, internet subscription, teledensity and other critical indicators,” he said.

Meanwhile, Adinde, stated that the Commission was excited by the prospects of partnering with NESG and NASSBER, noting that such partnership will further enhance telecoms contribution to Nigeria’s socio-economic growth. He added that “all the issues discussed will be articulated in a memorandum, which will be submitted to Management for consideration.”

 

 

Danbatta: Digital Literacy Will Drive Sustainable Socio-Economic Growth

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R-L: Danbatta and Mele Kyari, GMD of NNPC at the event

The Executive Vice-Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has identified major benefits in promoting digital literacy in the country.

Delivering the first Annual Lecture of the Bichi Emirate titled, “Digital Literacy as a Veritable Tool for Social and Economic Transformation” in Bichi, Kano State, over the weekend, Danbatta challenged actors in both public and private sectors to key into the programme.

He noted that digital literacy provides the confidence required by individual citizens to utilise digital contents and tools, adding that it also helps citizens to effectively collaborate in creating digital content and becoming innovative problem-solvers within their socio-economic ecosystem.

The EVC pointed out that technological changes have now assumed an unprecedented dimension in pace, scope and depth of impact, emphasizing that harnessing the progress is the surest path for Nigeria in her quest for economic diversification, especially the elevation of 100 million Nigerians out of poverty.

“The policy thrust of President Muhammadu Buhari’s administration in this direction is encapsulated in three key policy documents, namely: Nigeria National Broadband Plan (NNBP) 2020-2025; the National Digital Economy Policy and Strategy (NDEPS) 2010-2030; and, the National Policy on Promotion of Indigenous Content in the Nigerian telecommunications sector,” Danbatta pointed out.

He said one of the underlying goals of the three policies was the development of the Nigerian economy through digital technology enhancement and increased contribution of the telecom sector to the nation’s Gross Domestic Product (GDP).

In demonstration of its recognition of the importance of digital literacy, Danbatta said that the NCC has, over the years, implemented various programmes to support adoption and application of digital skills in Nigeria.
The programmes, according to him, not only provide the necessary digital tools but also support the provision of digital infrastructure, training, connectivity and other incentives to facilitate the development of digital literacy skills.

Through its Projects Department and the Universal Services Provision Fund (USPF), Danbatta observed that the NCC has been providing interventions such as the School Knowledge Centres (SKC), Wireless Cloud and Base Transceiver Stations (BTS), among others, across the six geo-political zones of the country.

Speaking specifically on NCC’s interventions in Bichi Emirate, Danbatta said that, of the eight local government areas that constitute the Emirate, the Commission has, through the USPF, identified about 1,900 square kilometers of land, populated by 462,222 individuals as unserved.

“In order to cover that gap, the Mobile Network Operators (MNOs) have installed 212 BTS of which 112 are Second Generation (2G)-compliant, 73 are Third Generation (3G) networks and 27 are Fourth Generation/Long Term Evolution (4G/LTE) technology, with all providing broadband connectivity which is the bedrock of digital literacy.

“The USPF has also provided interventions to secondary schools, tertiary institutions and hospitals in the emirate via its SKC, Tertiary Institutions Knowledge Centre as well as E-health initiatives; a total of seven of such projects have, so far, been executed since 2015 on my assumption as the EVC,” he explained.

Speaking further the NCC boss also harped on the Commission’s seven interventions under the Advanced Digital Awareness Programme among others, stressing that all the interventions are in line with NCC’s equitable distribution of projects across all geo-political zones in the country.

In recognition of the need to continue to foster the rapid development and growth of the Nigerian telecommunications marketplace and digital economy, the Commission established the Digital Bridge Institute (DBI) in May 2004.

He noted, however, that since its creation, the Institute has grown to have six campuses, one in each geo-political zone.

These campuses, which are in Abuja, Kano, Lagos, Asaba and Yola have some of the best training facilities and faculties in the country and have provided various training to individuals and corporate organisations, thereby making the Institute an invaluable institution to digital literacy in Nigeria.

 

 

 

Africa, ME Personal Devices Market Grows 5% in 2nd Qtr

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The Middle East and Africa (MEA) personal computing devices (PCD) market, which is made up of desktops, notebooks, workstations, and tablets, experienced year-on-year growth of 5.0% in the second quarter of 2021, according to the latest industry analysis conducted by International Data Corporation (IDC).

The global technology research and consulting firm’s newly updated Worldwide Quarterly PCD Tracker shows that shipments across the region reached 6 million units in Q2 2021.
“The biggest contributor towards this growth was the Turkish PCD market, which experienced year-on-year growth of over 30.0% owing to surge in demand from both the commercial and consumer segments,” says Fouad Charakla, IDC’s Senior Research Manager for client devices in the Middle East, Turkey, and Africa.

“The biggest growth in Turkey was seen in consumer demand for tablets. South Africa also experienced strong year-on-year growth, especially owing to a massive delivery of notebooks into the country’s education sector. Q2 2021 also saw a massive delivery of tablets into Egypt’s education sector; however, the volume of devices delivered was much smaller than the volume delivered during the same quarter last year, resulting in a year-on-year decline for the Egyptian market.”
Other key markets in the region, namely the UAE and Saudi Arabia, experienced declines year on year, while the Rest of Middle East sub-region (which comprises Iran, Iraq, Syria, Yemen, Palestine, and Afghanistan) experienced growth.
In the PC segment, Lenovo regained top position, while HP placed second and Dell finished third.

Middle East & Africa PC Market Vendor Shares – Q2 2020 vs. Q2 2021
Company Q2 2020 Q2 2021
Lenovo 24.0% 23.8%
HP Inc 27.3% 23.2%
Dell Technologies 16.2% 16.7%
Others 32.5% 36.3%

In the tablet space, Huawei experienced a significant decline in shipments and dropped out of the top three vendor rankings. Consequently, all three top vendors posted considerable market share gains.

Middle East & Africa Tablet Market Vendor Shares – Q2 2020 vs. Q2 2021
Company Q2 2020 Q2 2021
Samsung 37.5% 40.0%
Lenovo 9.4% 13.5%
Apple 7.7% 9.9%
Others 45.4% 36.6%

 

 

 

Peace Akhibi Wins 2021 NYSC Essay Competition

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By Fabian Ekeruche

Miss Peace Akhibi, a Corps member serving with the National Open University of Nigeria (NOUN) on Thursday emerged winner of the 2021 NYSC Essay Competition organised by the Bible Society of Nigeria (BSN) in Lagos.

The News Agency of Nigeria (NAN) reports that Akhibi, a first-class graduate of Psychology came tops out of six Corps members that made it to the final of the competition.

The 10th edition of the NYSC Essay Competition/National Symposium is titled: Social Justice: A Pathway to Sustainable Peace and Progress in Nigeria.

Earlier, Pastor Samuel Sanusi, General Secretary, BSN, said in his remarks, that every Nigerian has what it takes to make the country great again.

He enjoined corps members to give a very good account of themselves and do all in their power to be patriotic.

Chief Kaoli Olusanya, Chairman of the occasion said that Nigeria has not been consumed inspite of its challenges because of the love and worship of God by Nigerians.

He urged the corps members not to remain in their comfort zones, but rather challenge themselves to be the best in their chosen career.

“Time is the greatest resource you can have. Let us make our contribution to make Nigeria great again,” Olusanya said.

Also, Dr. Oke Banwo, President, Board of Trustees, BSN, encouraged Corps members to continue to speak against societal ills, adding that someday their voice would be held.

In a good will message, the National Co-ordinator of the NYSC, Lagos office, Mr. Edwin Megwa thanked the BSN for keeping faith in organising the competition for the past 10 years.

Represented by Mrs. Beatrice Feyinto, Megwa urged corps members to be change agents in wherever they found themselves.

Dr. Fred Odutola, a past General Secretary of BSN, whose tenure ushered in the first edition of the competition, urged corps members to focus on developing themselves to become the best in their chosen career.

Meanwhile, the winner of the competition, Akhibi expressed surprise that she could win the competition.

She dedicated the award to God who has been the source of her inspiration.

Editors Congratulate Garba Mohammed on Appointment as NNPC’s Spokesman

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The Nigerian Guild of Editors (NGE) has congratulated one of its former Presidents, Garba Deen Mohammed (FNGE) on his appointment as the Group General Manager (Public Affairs) of the Nigerian National Petroleum Corporation (NNPC).
In a press statement signed on Thursday by its President, Mustapha Isah and the General Secretary, Iyobosa Uwugiaren, the umbrella body of all the editors in Nigeria, said that Garba Deen is eminently qualified for the position, considering his experience both in the media and the oil/gas sector.
”We commend the Minister of State for Petroleum Resources, Chief Timipre Sylva and the Group Managing Director of NNPC, Mele Kyari, for making the right choice. Garba Deen’s appointment comes at a time the NNPC is undergoing a transition following the signing into law of the Petroleum Industry Bill by President Muhammadu Buhari”, the NGE stated.
While thanking the outgoing NNPC’s spokesperson, Dr. Kennie Obateru, for his excellent relationship with the Guild during his tenure, the editors said they look forward to working with Garba Deen to deliver on his onerous assignment.

Tourism & Technology Summit Africa Set for 3rd Edition

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After a relapse of the Tourism and Technology Summit Africa following the COVID-19 impact of 2020, the first of its kind two industry event is returning with a virtual edition as its third edition.

The virtual summit, which is being organised by Brandworld Media in partnership with TechnologyMirror, and with the theme: Africa As a Smart Tourism Destination, will focus on the role Smart Tourism can play in achieving transformation.

Holding on the HOPIN Event App on September 3th, the summit is in furtherance of the initiative of the organisers to drive the digital transformation of the tourism and hospitality industry in Africa.

According to a statement from the Convener, Clara Okoro and the Communications Consultant for the Summit, Isaiah Erhiawarien, participants are invited to register at https://hopin.com/events/tourism-and-technology-summit-africa and https://www.tourismandtechnologysummit.com.

The statement said that the virtual summit will offer participants insights into how to collect and use data derived from physical infrastructure, social connectedness and organizational sources (both government and non-government), and users in combination with advanced technologies to increase efficiency, sustainability and experiences.

The Statement explained that the information and communication technology tools used for smart tourism include IoT, mobile communication, cloud computing, and artificial intelligence. It combines physical, informational, social, and commercial infrastructure of tourism with such tools to provide smart tourism opportunities.

Speaking further on the enhance of the summit, Clara said that the travel, tourism and hospitality space in Africa’s post COVID-19 era has been impacted by technology adding that it is now the centre-point of many organisations operating in the sector.

Clara, also a founder and chief operating officer at My Beautiful Africa a Travel Tech Company based in Lagos Nigeria and organisers of the Tourism and Technology Summit Africa, disclosing further that internationally renowned Digital Strategist, Shirley Nzeh, will delay the keynote address with the topic Digital Technologies as a Driver for The Tourism Industry in Africa.

Shirley is a Ghanaian-born Business Professional and Entrepreneur living in the UK. She helps companies manage, Risk, Change, increase profitability and has delivered global transformation programs for top-tier consulting firms and Fortune 500 companies.

Also speaking at the event: are John Lee Cofounder Work From Anywhere, Arome Ibrahim, 360 vr Developer, Experis Immersive, Paula Carreirao, Asksuite and Stephanie Nelson of Nelson Legacy LLC.

NDIC Budget Sensitisation, Strategic Session in Abuja

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L – R Front: Adeola Oluwabiyi, Director, Internal Audit, NDIC; Alfred Okoh, Tech Assistant to DG, Budget Office; Hon. (Mrs) Omolola Abiola Edewor, ED, Corporate Services, NDIC; Bello Hassan, MD/CE; Osung-Etisong Ginika, Forecast Manager, Budget Office and Hashim Ahmad, Director Procurement, NDIC and other participants at NDIC Budget Sensitisation/Strategic Session at Abuja today.

AMCON vs Jimoh Ibrahim: Court Adjourns Case to Sept 8, 2021

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Hon. Justice A. R. Mohammed of Federal High Court, Abuja Division on Monday ordered the Asset Management Corporation of Nigeria (AMCON); NICON Insurance Limited, Nigeria Reinsurance (Nigeria Re) and Barrister Jimoh Ibrahim to maintain the status-quo-ante until September 8, 2021, when the court will hear all pending applications in the matter.

Jimoh Ibrahim’s current indebtedness to AMCON stands at nearly N70 billion. The matter between Barrister Jimoh Ibrahim and AMCON has been interminable since the loan was purchased by the government debt recovery agency during the first phase of Eligible Bank Assets (EBA) purchases from Union Bank in the early days of AMCON.

AMCON and BPE, on July 21, received approval from the National Insurance Commission (NAICOM) to constitute a new board and management of NICON Insurance Limited and Nigeria Reinsurance Corporation (Nigeria Re). The change was to enhance the smooth running, efficient and effective management of the two firms previously owned by the recalcitrant debtor and businessman.

The reason for the changes in the Board and management of the two insurance firms was sequel to the takeover of the major investor’s interests in the two organisations, and the Bureau for Public Enterprises (BPE) who worked in partnership with AMCON to bring the much-needed stability in the operation of the organisations.

AMCON also made it clear that the reconstitution of the board and management team of two insurance institutions in Nigeria was to ensure that the firms continue in their quest for transparent and accountable management of insurance in the country and continue to deliver value to its stakeholders. After the constitution of the Boards, Jimoh Ibrahim belatedly approached the court to obtain an order seeking to stop AMCON from constituting the boards of the two insurance firms.

But when the case came up for hearing on Monday the 18th of August, the Judge ruled that all parties maintain the status quo until September 8, which was agreed by both the counsel to Jimoh Ibrahim and co, C.I. Okpoko, SAN and counsel to AMCON A.U. Mustapha, SAN.

This, the Court took note of in its ruling on the application for adjournment and directed that all parties maintain the status quo as at date, pending the determination of the applications on September 8, when arguments will be heard on the motion on notice with a possible ruling.

The implication is that AMCON is still in charge of all assets of Jimoh Ibrahim and his companies including Nicon Insurance Limited and Nigeria Reinsurance Corporation over their heavy indebtedness to AMCON following earlier court rulings, which gave AMCON the power to take over the assets ab-initio. It was also from the courts that AMCON derived the power with which it appointed the Receiver Managers over some of the companies and assets belonging to the recalcitrant debtor.

According to Jude Nwauzor, Head of Corporate Communications at AMCON, “it is unfortunate that Jimoh Ibrahim and his cohorts have continued to show wanton disregard to the court directive. They have been misinforming the general public by mischievously misinterpreting the court resolution. They have used thugs to physically break into the companies’ premises, to misappropriated documents and assets, and have had the audacity to parade themselves as the legitimate management in these companies.

This is to reassure the general public and all stakeholders that AMCON is a law-abiding institution and shall not be intimidated into surrender of its legal responsibilities. Moreover, that these insurance entities are public assets, striped and destroyed by persons with a known track record of mismanagement, criminality and outright disrespect to all that is prudent, ethical and normal.

All stakeholders are assured that this mischief would be short lived as AMCON has rapprochement of the courts to deal with this rascality.”