We can achieve 24hrs settlement in the capital market – Kyari, CSCS boss
Last week, Bukar Kyari assumed responsibilities as the Chief Executive Officer of the Central Securities and Clearing System CSCS, the clearing arm of the capital market. With a 24 years career which include 14 years at Hewlett-Packard (HP), three years as Director in charge of eelectronic Banking, Information Technology and Operations at former FSB International Bank and six years as Managing Director/Chief Executive Valucard Limited, Kyari has established a reputation as one of the top experts in the nation’s electronic payment industry. In this interview, he bares his mind on development in the electronic payment industry and how he intends to use his wealth of experience in information technology and banking to transform the CSCS.
African countries must imbibe autonomous accident investigation agency”says Oduselu
A call has been made for an autonomous accident investigation agency so as to eliminate bureaucratic bottlenecks.
The call was made by the Commissioner of Nigeria’s Accident Investigation Bureau(AIB), Engineer Sam Oduselu a regional Accident/Incident Investigation Workshop organised by the International Civil Aviation Organisation (ICAO), in conjunction with the Accident Investigation Section at ICAO headquarters and the Safe Skies for Africa held at Gaborone,Botswana.
NOSDRA boss defends agency’s role
Crude oil exploration has witnessed an upward growth since the commodity was first discovered in the country in the 1950s. While it has sustained the Nigerian economy, oil exploration activities have taken a toll on the Nigerian environment. One such consequence is the effect of oil spillage on the terrestrial and aquatic life.
Shell to invest $200m on shale project in South Africa
Cape Town – Royal Dutch Shell has announced plans to invest $200 million in shale gas exploration in South Africa. It is, however, facing tough opposition from farmers and environmental supporters over ecological concerns.
Ogoni on the brink of extinction
The report of the United Nations Environment Programme, UNEP, titled an ‘Environmental Assessment of Ogoniland’ underscores in more eloquent terms the level of environmental neglect and degradation inflicted on the people as a result of hydrocarbon exploration and production, however what it failed to state in more explicit terms is that the Ogoni is on the brink of extinction.
Another Useless Debt Burden!
In her maiden address to journalists on Wednesday, 24/08/2011, the Coordinating Minister of the Economy and Minister for Finance, Dr. Ngozi Okonjo-Iweala, alerted Nigerians that Nigeria’s domestic debt was about N5.2 trillion ($33bn), while external component is about $5.3bn. In other words, at today’s exchange rate of N152=$1, Nigeria’s total debt is over $39bn; that is about $4bn above ‘crisis’ level of $35bn in 2006, when we were stampeded to part with almost $18bn from a healthy reserve base of over $50bn. As at August 2011, our current debt burden exceeds our ‘paltry’ reserve base of about $33bn, but surprisingly, our ex-IMF President assures us that “Nigeria is in good shape, as the debt profile is only 20% of Gross Domestic Product”.
Nigeria sees first iron ore output in 2012
Nigeria expects the first significant iron ore production next year from its Itakpe iron ore deposits as it looks to reduce its dependence on oil and gas revenues, Dr Olusegun Aganga disclosed in Australia over the weekend.
Again, OAAN tackles ‘Brand As King’ award
The Leadership of Outdoor Advertising Association of Nigeria (OAAN) led by Charles Chijide has once again failed in its bid to truncate the Corporate Social Responsible (CSR) initiative by Billboard World Magazine to the Out-of-Home (OOH) industry tagged, ‘Brand As King’ award.
Welcome Dr Okonjo-iweala; Your courage is admirable (1)
“Let me say this first, the whole thrust of what the President wants for now is the creation of jobs. So, everything that we do in terms of pushing the economy has to be geared at how we can have true job growth in the economy”. Dr Okonjo-Iweala, Federal Minister of Finance, August 17, 2011 at Aso Rock, Abuja.
Expert says low income earners cannot own landed property in Nigeria
Mr Chudi Obosi, a Property Consultant and Managing Partner at Ubosi and Eleh Real Estate firm, says there is no hope for low-income earners to own landed property in Nigeria. Obosi said in Lagos that the current state of the mortgage industry and challenges of the property industry would not make such plans feasible.
Reinsurance rate increase may affect primary premiums
The rising cost of reinsurance could begin to put upwards pressure on primary casualty rates, particularly where the reinsurance program is linked to property, an industry conference has been told.
Talking Insurance: Supportive manager: Sun model (2)
Those who aspire to be successful, supportive managers need the following: Learn and acquire a diverse range of qualities, which will be required both to enable them to fulfill the tasks within their remit and enable them to effectively lead and manage the team of employees that are within their sphere of operations.
KWARA: In Saraki’s footsteps
Governor Abdulfatah Ahmed of Kwara State has in the last 100 days not betrayed the trust invested in him by sustaining the legacy of his predecessor. Despite mocking criticisms from opposition parties including the occupancy of the Presidential Lodge by former Governor Abubakar Saraki, Ahmed has remained almost unbending in the plot of “progress” as supposedly plotted for him by his predecessor.
First 100 DAYS: ABIA: Orji’s new song
THE first 100 days of Governor Theodore Orji’s second term invariably confirm the saying that there is nothing like freedom. Freed from the hold of his one time godfathers and mother, the Governor has launched a series of initiatives to the surprise of observers.
NCDMB lists strategies for capacity building
In a bid to enhance capacity development, the Nigeria Content Development and Monitoring Board, NCDMB, said that the agency has drawn out strategies to build in- country capacity in Nigeria.
Education, Enlightenment and Empowerment (Part II)
How educated, enlightened and empowered are the teeming youths in Nigeria ? How engaged and fulfilled are they in their various locational zones? What are the statistics of the employed against the unemployed? How concerned are the various tiers of government about the masses? What are the leadership in the churches, mosques etc. preoccupied with? How integrated are the lives of our youths with that of their parents and leaders (traditional, educational and governmental)?
