Politics
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Court declares SEC sanctions against Oando management null, void
Wikipedia Oando shareholders in the persons of Alhaji Yakubu Gumel; Alhaji Kabiru Tambari, suing for himself and on behalf of the Sokoto Zone Shareholders Association; Tunde Badmus, suing for himself and for the benefits of Pacesetters Shareholders Association, bagged yet another win at the Federal High Court (FHC) Kano, in a suit filed against the Securities and Exchange Commission (SEC) for overreaching its powers. Justice A. Lewis Allagoa presiding over the ruling dismissed the regulators preliminary objection and granted all the reliefs sought by the Oando Shareholders. The FHC Kano dismissed SEC’s objection on the basis that the shareholders’ claims fall under their rights as shareholders according to the Companies and Allied Matters Act (CAMA) and is therefore not a capital markets i...
Cattle breeders to set up ranches in South-East
Cattle breeders in the South-East are gearing towards setting up ranches in the region, a leader of livestock dealers said in Enugu on Friday. Godwin Obasi, Coordinator of the Southeast Association of United Farm Products, Traders and Livestock Dealers of Nigeria, made the declaration when members of the association paid a courtesy visit to their National Patron, James Ugwu, to congratulate him over his election as Secretary, PDP, South-East Zone. Obasi said members of the association were already sensitised to set up ranches to be able to supply enough livestock in the region. He stressed that the South-East had the capacity and land to produce enough food for local consumption and for export, adding that it could not afford to rely on others perpetually for its food needs. “We must produ...
Foundation uncovers additional 51 ‘TB’ cases in Benue
Fifty-One (51) persons of the 609 sample screened taking for Tuberculosis in Benue State which marked the 2021 World TB day, during the Community Outreach have shown to have symptoms associated with Tuberculosis. The Senior Program Officer, KNCV Foundation Nigeria, Dr Chubby Eze, has expresses worry that about 9,000 TB cases in Benue were yet to be unaccounted for. “As a result of this, we are carrying out this Community outreach to enable us reduce the number by getting these people to come out for the screening” “Our target is to test at least 100 persons for the outreach and continue with the exercise even after the World TB until we meet our target” “I advise people who for fear of being tested for COVID-19 at the Health Facilities and have resort to self medication to refrain from suc...
US workers enticed with bonuses, time off to get coronavirus vaccine
As Covid-19 vaccination drives get into gear across the United States, some businesses are offering transportation, paid time off and bonuses of up to $500 to encourage workers to get the jab. Labor-intensive industries like slaughterhouses, supermarkets, and farms, whose workers are at higher risk of contracting the virus, have taken the lead, with several large grocery chains offering two to four hours of paid leave time for employees to get vaccinated. “Providing accommodations so employees can receive this critical vaccine is one more way we can support them and eliminate the need to choose between earning their wages and protecting their well-being,” Jason Hart, CEO of supermarket chain Aldi, said in January. Others have taken advantage of Centers for Disease Control and Prevention re...
Georgia State Rep. Park Cannon Forcibly Arrested For Protesting Restrictive Voting Law
HipHopWired Featured Video Source: Paras Griffin / Getty Georgia state troopers forcibly arrested a Black state legislator as she peacefully protested the signing of a restrictive voting bill that was signed into law on Thursday (March 26). Rep. Park Cannon was arrested by police after knocking on the door of Gov. Brian Kemp during a live stream announcement of the new voting law. The Atlanta Journal-Constitution published a report of Cannon’s arrest along with accounts from fellow protesters that gathered at the state Capitol building. Cannon, a Democrat from Atlanta, was seen via video clips posted across social media getting dragged and pushed into a police vehicle. Cannon was charged with obstruction of law enforcement and disrupting General Assembly sessions per a statement issued by ...
BPE chief’s tenure extended by four more years
President Muhammadu Buhari has approved the renewal of the appointment of Mr. Alexander Ayoola Okoh as the Director-General, Bureau of Public Enterprises (BPE) for a second term of four years in accordance with the provision of Section 17 (1)(a) and (2)(a) of the Public Enterprise (Privatization & Commercialization) Act, 1999. Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, in a statement on Thursday, said his renewal would take effect from 10th April 2021. The BPE is the Federal Government agency charged with economic reforms especially the privatisation and commercialisation of government-owned enterprises in the country. BPE also serves as the secretariat of the National Council on Privatisation. In the last four years, BPE has witnessed a notabl...
Abia: Senator Kalu scores successors very low, wants Aba declared a disaster area
Sen. Orji Kalu, the Chief Whip of the Senate, has advocated for declaration of Aba, the economic hub of Abia State, a disaster area so that the Federal Government can take extra-ordinary measures to fix the town. Kalu, who was governor of Abia state from 1999 to 2007 said this on Thursday when he hosted some clergymen in the state to a breakfast meeting in Aba, according to a statement from his office. The meeting was in furtherance of the campaign for his younger brother, Mascot, who is All Progressive Congress, APC’s candidate for Saturday’s bye-election for Aba North/Aba South Federal Constituency. Kalu scored successive administrations after his very low in terms of infrastructure development in Aba. He said, “I am disappointed that since I left office in 2007, nothing tangible has bee...
U.S. Senate confirms Wally Adeyemo as deputy treasury secretary
The U.S. Senate has confirmed Adewale Wally Adeyemo as Deputy Secretary of the Treasury, making him the first Nigerian-American to hold the powerful job. Adeyemo, 39, has struck a hardline tone on China, vowing to fight what he called Beijing’s “unfair economic practices” and hold China accountable to international rules. He is expected to play a key role in shaping U.S. economic policy on issues ranging from financial regulation to relief for everyday Americans and U.S. sanctions on foreign governments. A former senior adviser at asset manager BlackRock Inc and the child of Nigerian immigrants, Adeyemo served as a top national security and economic adviser to Democratic former President Barack Obama and held senior jobs at the Treasury. The Senate on Thursday confirmed Adeyemo on a voice ...
Why Reimagined IT Strategies are Mission Critical for SMEs
Image sourced from IT Web Small and medium enterprises (SMEs) have been severely affected by the pandemic – many of which are struggling to ensure continuity, let alone achieve sustained growth. However, the news is not all negative. We have also seen countless examples of entrepreneurs rising to the challenge and tackling the unexpected head-on. SMEs who move quickly to take advantage of new technology business models are not only keeping afloat but are actually thriving. According to an article by the World Economic Forum (WEF), SMEs make up 90% of formal businesses in South Africa. These businesses contribute 34% to the country’s GDP and employ up to 60% of the labour force. For this reason, it is crucial that these small businesses continue to embrace technology and digital solutions i...
Fixing Your Cybersecurity Issues 1 Next-Gen Firewall at a Time
Stefan van de Giessen, General Manager: Cybersecurity at Networks Unlimited Africa When did you last check your firewalls as a barrier to entry against cybercriminals? And, perhaps more importantly: does your organisation still rely on a legacy firewall, or has it upgraded to a next-generation firewall (NGFW)? And have you considered the ‘Broken window’ principle when looking at your internal cybersecurity posture, in order to have a positive effect on your business processes? These questions are posed by Stefan van de Giessen: General Manager: Cybersecurity at Networks Unlimited Africa, who says, “The broken window theory rests on the idea that a neighbourhood or community that appears to be orderly and well-kept will be less susceptible to crime. Conversely, one that has many broken wind...
Nigerian government mulls TCN’s unbundling, partial concession to boost power supply
The federal government is considering the unbundling and partial concession of the Transmission Company of Nigeria (TCN) to boost its efficiency in the government’s bid to improve power supply. Director, Energy, Bureau of Public Enterprises (BPE), Mr. Yunana Malo, said during the March edition of “the Electricity Hub” conversation series on power that the National Council on Privatisation (NCP) had directed that a proper strategy should be mapped out for the unbundling of TCN. He stated that the government believed that all the players in the energy value chain should be able to align with the needs of the power sector seamlessly, adding that the right environment is being created for the transmission component to match generation and distribution. Malo said data was key to making decision...
UFC star Israel Adesanya tenders apology after ‘rape’ comment
UFC star Israel Adesanya has apologized to fellow fighter Kevin Holland after he came under attack for his rape comment. Isreal Adesanya made the “rape comment” while trash-talking Holland in a since-deleted video. “Bro, I will fuckin’ rape you,” Adesanya said in an Instagram video directed at Kevin Holland, who had targeted him with a series of insulting remarks. However, in a statement on Friday morning, the Nigerian-born New Zealand MMA fighter said he “crossed the line” and he understands the gravity of what he said. The statement on Adesanya’s official Twitter account reads: “Last week fight talk escalated to a point in which I crossed the line. I understand the gravity of this word and how it can affect and hurt other people apart from my opponent, although that was never my intentio...