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Aggrieved Doctors, FG Sign MoU To End Strike

Aggrieved Doctors, FG Sign MoU To End Strike

The federal government has entered into a Memorandum of Understanding (MoU) with the Nigeria Medical Association (NMA) and the Nigerian Association of Resident Doctors (NARD) to halt the five-day nationwide warning strike of resident doctors.

In a statement disclosing this development, the federal government revealed that the MoU is part of the resolution of the dispute, which sees it adopting the ASUU template for doctors’ pay rise.

Federal Ministry of Labour and Employment, Olajide Oshundun said the MoU was signed at the end of a conciliation meeting convened by the Minister of Labour and Employment, Senator Chris Ngige in his office.

Resident doctors had declared a five-day warning strike beginning from Wednesday to protest the alleged refusal of the federal government to respond to their demands for a welfare package.

According to Oshundun, the meeting, which lasted for about five hours addressed all the eight issues raised by the striking resident doctors.
These include the non-payment of salaries of doctors by state governments, domestication of the reviewed Medical Residency Training Fund (MRTF) for the year 2023, the bill at the National Assembly on the bonding of doctors for five years before licensing, the circular on immediate replacement of exited doctors, and immediate payment of the 2023 MRTF. The others are arrears of Consequential Adjustment on Minimum Wage, Skipping Arrears, and the review of the Consolidated Medical Salary Structure (CONMESS).

In the MoU made available to journalists after the meeting, the parties agreed that health is on the Residual List and not the Concurrent List of the Constitution, and hence, the federal government cannot compel the state governments to effect the payment of salaries and allowances in the health sector.

“Consequently, NMA and NARD were advised to embrace more persuasion and social dialogue at the state level.

On the issue of Abia State where doctors have been on strike for several months over perennial non-payment of salaries, the meeting noted that the Federal Ministry of Health (FMoH) has taken the matter to the National Council on Health (NCoH) in Abuja, which looked into the matter and asked the Abia State Government to pay up for good health delivery to the people.

“They equally agreed that the states cannot be compelled to domesticate the MRTF and must not pay the same amount being paid by the federal government. They advised NARD to reach out to states that are not paying and negotiate with them, even if the rates are lower than that of the Federal Government MRTF”.

On the bill of bonding of doctors for five years before licensing, sponsored by Hon. Ganiyu Johnson from Lagos State at the National Assembly, the meeting also agreed that the executive arm of government cannot interfere with it, being a private member’s bill and not an executive bill.

The meeting therefore resolved to await the public hearing for the bill, where the doctors will deal with the bill through the NMA, to ensure it does not see the light of day.

Similarly, on the replacement of exited doctors, the meeting noted that the recommendations of the Federal Ministry of Health Brain Drain Committee have been forwarded to the office of the Head of Service of the Federation (OSGF) for further action.

The OSGF was directed to engage all stakeholders by Wednesday, May 24, 2023, on the matter to ensure the approval of the implementation plan on or before June 5, 2023, for transmission to teaching hospitals and federal medical centres for implementation.

NUPRC Establishes Energy Transition Unit

NUPRC Establishes Energy Transition Unit

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), at the weekend, disclosed that it had established an Energy Transition and Carbon Monetisation unit in line with the federal government’s 2060 net-zero aspiration for carbon emissions.

This is just as the Nigerian Content Development and Monitoring Board (NCDMB) has disclosed that oil and gas opportunities valued at over $50 billion in projects would be developed within the next five years in the country.

NUPRC has also unveiled plans to organise roadshows for the awardees of Petroleum Prospecting Licences (PPL) and the bidders for the Nigerian Gas Flare Commercialisation Programme (NGFCP) to explore funding opportunities and leverage capabilities of industry players, and prospective investors to de-risk the assets.

Speaking during the just-concluded Nigeria Oil and Gas Opportunity Fair (NOGOF) 2023 in Yenagoa, Bayelsa State, the Chief Executive of NUPRC, Mr. Gbenga Komolafe, explained that the new department will drive the focused implementation of a robust regulatory framework for decarbonisation of upstream operations.

In addition, Komolafe, who was represented by the Executive Commissioner, of Economic Regulation and Strategic Planning, Dr Kelechi Ofoegbu, noted that the initiative would ensure the introduction of clean mechanisms in field development, mitigate the impact of energy transition and ensure sustained investments in upstream operations while improving the environmental credentials of oil and gas.

The NUPRC chief executive noted that the Petroleum Industry Act (PIA) as enacted in 2021, had enhanced the business landscape in Nigeria’s petroleum industry, as it has provided a more transparent, efficient, and investment-friendly regulatory framework for the industry.

This renewed disposition, he said, reflects the nation’s readiness to attract local and international investors in the oil and gas space.
Komolafe further stated that in line with the provisions of the PIA, the commission has developed priority regulations to reinforce the meaning of the intent of the Act, by creating a predictable regulatory environment for would-be investors.

“So far, five priority regulations have been gazetted, while 13 others have been submitted to the Ministry of Justice for review and eight are at various stages of development,” he added.

According to him, Nigeria’s role as a major player in the global oil and gas industry is not in doubt, as it is currently the highest oil producer in Africa and the second highest in terms of proven oil reserves with huge growth potential.
As of January 1, 2023, Komolafe recalled that Nigeria had 36.966 billion barrels of crude oil and condensate reserves and 208.83 trillion cubic feet of natural gas reserves.

He stated that despite the global clamour for decarbonisation and energy transition, oil and gas would remain relevant in the global energy mix, to guarantee energy security for Nigeria’s teaming population.

Komolafe pointed out that to deliver on her commitments towards the reduction of carbon footprints, Nigeria has adopted gas as a transition fuel and expects to significantly increase gas consumption during “the Decade of Gas” declared by President Muhammadu Buhari. This adoption of natural gas as a transition fuel, he stressed, is a boost for Nigeria, which has over 208 trillion cubic feet (TCF) of gas reserves that can be harnessed to help the country’s transition to Net Zero by 2060, while driving economic growth and development, to simultaneously tackle energy poverty and also meet the climate ambition.

Accordingly, the commission, Komolafe posited, has intensified efforts to grow gas reserves, boost production and eliminate routine gas flares in all upstream operations across the value chain, while also dealing with methane capture and other fugitive gas emissions.

“The significance of this is that more gas would be available for domestic utilisation as Liquefied Petroleum Gas (LPG), feedstock for power generation plants, fertiliser plants, and petrochemicals to mention but a few.

“Each of these areas shows that gas would truly be the catalyst and fuel for industrialisation as well as provide unique entry points for willing investors and opportunities to build capacity locally,” he said.

The NUPRC chief executive explained that the commission as the upstream petroleum industry regulator had embarked on the development of a regulatory framework for carbon-pricing systems, to make businesses pay for their emissions and incentivise emission reductions through carbon credits.

“Accordingly, a new department called ‘Energy Transition and Carbon Monetisation’ has been created in the commission to coordinate the drive towards energy transition in the Nigeria oil and gas sector.

“The new department will drive the focussed implementation of a robust regulatory framework for decarbonisation of upstream operations, introduce clean mechanisms in field development, mitigate the impact of the energy transition, and ensure sustained investments in upstream operations whilst improving the environmental credentials of oil and gas,” he stated.

Komolafe said he hoped that in months to come, Nigeria should be able to share the vital lessons from the Nigerian transition success story with the global community.

He posited that the commission since its inception had concluded and commenced various initiatives and programmes to create investment opportunities and enhance the development of the upstream oil and gas industry in Nigeria.

Notable among these, according to Komolafe, were the completion of the 2020 marginal field bid round and award of Petroleum Prospecting licences (PPL) as well as the initiation of the ongoing 2022/2023 mini bid round for deep offshore assets.

He noted that the NUPRC had also re-commenced the Nigerian Gas Flare Commercialisation Programme, which is also ongoing.

“Though these programmes have been initiated and are ongoing, opportunities still exist for investors as NUPRC continues to implement strategic actions and initiatives aimed at increasing national crude oil and gas reserves and production.

“In this regard, the commission will in the weeks ahead organise its Maiden Nigerian Upstream International Investment and Financial Roadshow (NUIIFR) for PPL Awardees, NGFCP bidders, and potential investors in the upcoming mini bid for deep water assets, to explore funding opportunities and leverage capabilities of industry players, prospective investors (local and offshore) to de-risk the assets and awards.

“The event will provide an opportunity for participants to network, exchange ideas, and chart strategic pathways to enhance investment opportunities,” he added.

AF-CIX Partners DE-CIX To Improve Internet Performance For Businesses In Nigeria

AF-CIX Partners DE-CIX To Improve Internet Performance For Businesses In Nigeria

AF-CIX, the new interconnection platform recently launched in Nigeria to boost Internet speed and improve network performance for Internet Service Providers, Content Delivery Networks, Cloud Providers and Enterprises, has entered into a strategic partnership with DE-CIX, the leading operator of Internet Exchanges in the world to improve internet performance for businesses in Nigeria.

The platform hosted in Rack Centre – as part of innovations to support the growth of the Internet in Africa through effective and functional traffic localization, enterprise digitization acceleration, and community support, among other reasons – is specifically designed to complement the existing network infrastructure providers’ by providing a redundant path for local traffic exchange and a robust Interconnect Exchange through its partnership with DE-CIX, the leading operator of Internet Exchanges in the world.

According to the Head of Peering and Exchange Platforms for AF-CIX, Obinna Adumike, creating the platform became necessary to improve network performance by keeping traffic local, thereby reducing the number of networks hops that Internet traffic needs to take.

He explained that AF-CIX connects networks by eliminating the need to route traffic through international circuits, thereby making the Internet faster and more responsive for users and resulting in lower latency and higher performance.

“The millions of users in Nigeria deserve digital services of state-of-the-art quality. This requires the best local infrastructure possible. DE-CIX is delighted to contribute to this to serve the broader need for interconnection, with modern interconnection services designed for businesses such as cloud connectivity,” explains Ivo Ivanov, CEO of DE-CIX.

“This will unleash the potential of the Nigerian digital economy by providing better performance and user experience of content and applications, and affordable and high-quality Internet access for enterprises and individuals.”

The integration of AF-CIX into the DE-CIX interconnection ecosystem will further help Nigerian businesses have direct access to the portfolio of DE-CIX services and connected networks, thereby offering them access to thousands of networks in over 100 countries.

With the platform, participants or businesses would enjoy access to the largest aggregation of Cloud, content, and CDN providers worldwide with direct integration to close to 20 Interconnection platforms across the globe.

Commenting on the benefits of connecting to the platform, Adumike noted that any business linked to it would undoubtedly witness improved network performance, increased connectivity, lower costs, and better security, with exceptional interconnection services, and an updated and advanced approach to traffic engineering and management.

“Connection to AF-CIX means a lot to every participant given that benefits such as cross-connection, peering, and port access to the platform are obtained freely at Rack Centre. Distributed Denial of Service (DDOS) attacks are mitigated through the platforms integrated, advanced Blackholing service. The platform is also developed for localization of the Internet, enhancing services like Root DNS servers and NTP Stratum servers,” he added.

The platform is set to provide for a future of converged interconnection across Internet players, offering seamless opportunities to interconnect locally across verticals for various sectors or industries.

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MoMo PSB To Invest In Financial Education, Mobile Financing, To Drive Financial Inclusion

MoMo PSB To Invest In Financial Education, Mobile Financing, To Drive Financial Inclusion
L-R: Co-Founder, Andela, Iyinoluwa Aboyeji; Group Head, Digital Banking, UBA, Kayode Olubiyi; Co-Founder, PiggyVest, Odunayo Eweniyi; Chief Executive Officer, MoMo PSB, Eli Hini; Chief Executive Officer, Uplift, Agada Apochi; and Managing Director, Fairmoney, Henry Obiekea at the inaugural MoMo PSB Stakeholder Conference in celebration of MoMo's first anniversary in Lagos on Wednesday

The CEO of MoMo PSB, Eli Hini says that the mobile money operator will invest in financial education, mobile device financing and other financial solutions, to bridge the financial inclusion gap in Nigeria.

He said this at the MoMo Stakeholder Forum, held to commemorate the first anniversary of the Payment Service Bank in Nigeria. The event was held at the Lagos Continental Hotel on May 17, 2023.

Eli, after identifying financial illiteracy as one of the barriers to financial inclusion said, “Financial literacy is key in the drive for financial inclusion. This is why we are committed to investing in customer education to ensure people understand basic financial solutions and are able to use them to improve their lives.

This also includes sensitisation to help people understand the value of having access to financial solutions and the impact it has on the quality of their lives.”

According to Eli, MoMo PSB  “intends to invest in the provision of mobile phones to rural locations to help improve access to phones which will enable us to provide financial services to our rural communities.”

He also added that MoMo’s large spread in Nigeria will ensure that customers without the luxury of having financial institutions in close proximity can also be financially included.

“Limited access to traditional financial institutions is also what institutions like MoMo PSB will address because of our deep distribution and penetration into the rural areas. We believe that we can extend financial solutions to all Nigerians to bridge that gap.”  

Themed “Addressing the Barriers to Financial Inclusion and Cashless Payment in Nigeria”, the MoMo PSB Stakeholder Forum pulled together industry heavyweights to discuss a way forward for financial inclusion and cashless payments in Nigeria.

The focus was on exploring the current landscape of financial inclusion in Nigeria, highlighting key advancements, addressing challenges and exploring strategies for the future. The forum also presented MoMo PSB with the opportunity to share some of the fintech’s efforts in driving financial inclusion.

At the forum, a panel of industry experts shared their experiences, expertise and visions, shedding light on the industry’s progress, and discussing innovative approaches to drive further inclusivity. Speakers on the panel included the CEO of MoMo PSB, Eli Hini; Founding Partner, Future Africa, Iyinoluwa Aboyeji; Group Head, Digital Banking, UBA, Kayode Olubiyi; CEO of Unified Payments, Agada Apochi and MD of FairMoney, Henry Obiekea.

Also present at the stakeholder event was the Lagos State Honourable Minister for Science and Technology, Hakeem Fahm, who spoke on some of the ways the state is promoting cashless transactions, as well as the importance of collaboration between the public and private sector to drive financial inclusion.

He said,  “In Lagos state, we have adapted the way we do business to make sure that we embrace cashless payments in most of our transactions, from transportation to paying for government services. If you look around you today, we have adopted a multi-modal transport system from boats, to rails, to buses. We have adopted the cowry card which is a payment system you can use for any of our transportation channels.

There is also an opportunity for the private sector to collaborate with the Lagos state government in extending this mode of cashless payments across our other transportation systems like mini buses.”

Speaking on the thinking behind the stakeholder conference, Eli recognised the importance of collaboration in achieving set goals, stating that the stakeholder conference is designed to serve as a platform for forward-thinking conversations on the state of the industry and for key stakeholders, comprising industry players, the regulator, government officials, to provide solutions to the challenges affecting financial inclusion and cashless payments in Nigeria.

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FMDQ Group and FSD Africa Help Bridge Gender Finance Gap in Africa

FMDQ Group PLC (“FMDQ Group”) and Financial Sector Deepening (“FSD”) Africa – the Implementing Partners of the Nigerian Green Bond Market Development Programme (“the Programme”) – organised a two-day event in Lagos, to introduce the concept of gender bonds to key market players within the Nigeria financial markets space. The event examined the state of gender equality in Nigeria and discussed the opportunities for Nigerian issuers and investors to use gender-sensitive/intentional approaches in bridging the gender finance gap in Nigeria. Also, it afforded potential issuers an opportunity to learn from the Tanzanian experience in navigating the issuance process of a gender bond.

External shocks such as pandemics, climatic disruptions, and economic downturns, have continuously had adverse impacts on humanity, with vulnerable groups, such as women, and their businesses being badly hit. Consequently, financial market players globally, as well as in Africa, are now empowering women and expanding their access to finance and economic inclusion through a debt market instrument that seeks to support the advancement and equality of women – the gender bond. Although at its emerging stage, understanding the gender bond framework for Nigeria’s debt market can play a crucial role in supporting the efforts to attain the United Nations (UN)’s 2030 Sustainable Development Goals (SDGs) 5 and 10 – Gender Equality and Reduced Inequalities, respectively. 

In attendance at the event were Mr. Ben Llewellyn-Jones OBE, Deputy High Commissioner, British Deputy High Commission, Lagos, Ms. Beatrice Eyong, United Nations Women Country Representative to Nigeria, Mr. Bola Onadele. Koko, Chief Executive Officer, FMDQ Group PLC, Ms. Ruth Zaipuna, Chief Executive Officer, NMB Bank PLC, Ms. Mary Njuguna, Principal Specialist, Capital Markets, FSD Africa, as well as other market stakeholders. 

The first day featured a Breakfast Session for C-Suite Executives, and highlighted the impact sustainable finance can have in driving women’s economic empowerment, as well as increased participants’ knowledge and awareness of gender bond. Welcoming participants to the event, Mr. Bola Onadele. Koko, Chief Executive Officer, FMDQ Group PLC, gave a broad overview of the Programme’s achievements from its inception in 2018 till date in the areas of policy advisory, technical support for green bond issuances, and market capacity building. He challenged everyone within their individual areas of expertise to be encouraged by the progress of the Programme as it relates to green bonds and similarly, push the envelope with gender bonds as we continue to develop and entrench the principles of sustainability in the Nigerian capital markets whilst facilitating prosperity for all.

The Breakfast Session featured a panel discussion themed, “The Role of Financial Markets in Strengthening Gender Financing in Nigeria”, with panelists including the Chief Executive Officer of NMB Bank PLC of Tanzania, a representative of British International Investment PLC, an Associate Director of PwC Nigeria, a representative of FMDQ Securities Exchange Limited, a Deputy Director of the Securities and Exchange Commission, Nigeria, and the Gender Network Manager, FSD Africa. The panelists established the business case for investing in women owned/led businesses, women-focused initiatives and the urgency for closing the $42.00 billion gender financing gap in Africa. Also, the panelists reiterated the importance of leveraging sustainable and innovative financial instruments such as gender bond in financing women owned/led businesses. 

L – R: Ms. Mary Njuguna, Principal Specialist, Capital Markets, FSD Africa; Mr. Ben Llewellyn-Jones OBE, Deputy High Commissioner, British Deputy High Commission, Lagos; Ms. Beatrice Eyong, United Nations Women Country Representative to Nigeria; and Mr. Bola Onadele. Koko, Chief Executive Officer, FMDQ Group PLC, at the Nigerian Green Bond Market Development Programme Gender Bond Event held in Lagos, recently.

The second day presented a Masterclass which featured a deep-dive into the modalities surrounding the issuance of NMB Bank PLC’s first gender bond in Tanzania (Jasiri Bond). The Treasurer of NMB Bank PLC, during his session, stirred the zeal of potential issuers to the impact of women empowerment through a gender bond as he shared the stories of the beneficiaries of the NMB Bank PLC’s Jasiri Bond.  According to Sustainalytics, a global leader in Environmental, Social and Governance (ESG) research, and a technical partner for the gender bond awareness sessions, the key steps required for a gender bond issuance include the development of a framework, disclosure of information to an external reviewer, documentation of a second opinion, development of a preissuance report, and annual documentation of the impact of the gender bond. 

The event ended with the Implementing Partners of the Programme reiterating their commitment to support institutions willing to bridge the gender finance gap, as well as other sustainable financing gap in Nigeria, through financial instruments like sustainable or sustainability-linked bonds i.e., gender bonds, green bonds, blue bonds, social bonds, etc. The Programme was launched in 2018 to create awareness and education on green finance, whilst serving as the primary vehicle to explore and implement initiatives geared towards accelerating the development of the Nigerian Green Bond Market and supporting broader debt market reforms that impact green bonds, through its Implementing Partners, FMDQ Group and FSD Africa.

FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, and risk management for financial market transactions; depository of securities, as well as data and information services, across the debt capital, foreign exchange, derivatives and equity markets, through its wholly owned subsidiaries – FMDQ Securities Exchange Limited, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.  

FSD Africa is a specialist development agency established in 2012 by the UK Government working to make finance work for Africa’s future.  With presence in over thirty (30) African countries, FSD Africa is positioned to mobilise “green plus” finance that will power economic and social development, while delivering environmental gains and building Africa’s resilience, by working on policy and regulatory reforms, capacity strengthening, improving financial infrastructure, and addressing systemic challenges in Africa’s financial markets to spark large-scale and long-term change. 

Mercy Aigbe, Yemi Cregx, Venita Akpofure, Nancy Isime, And Daniel Etim-Effiong Take On First Day Of 9th AMVCA with Creative Cultural Attires

On the first day of the 9th Africa Magic Viewers’ Choice Awards (AMVCA), Mercy Aigbe, Yemi Cregx, Nancy Isime, Daniel Etim-Effiong, amongst other celebrity guests, graced the event with their remarkable creative cultural attires. These talented individuals paid homage to their rich heritage and celebrated African diversity through their unique fashion choices.

Yemi Cregx, known for his fashion forward styles, stepped onto the red carpet wearing a traditional Yoruba agbada. The agbada was beautifully crafted with a vibrant Aso-oke fabric, showcasing intricate beadwork and bold colors. Completing the look, Yemi  accessorized with a matching red fila (Yoruba cap) and faux fur, exuding elegance and cultural pride.

Mercy Aigbe, a renowned actress, made a stunning entrance in a regal ensemble. Her attire featured a magnificent gold corset aso-oke dress adorned with intricate patterns and a bold bow design. Mercy’s choice of accessories included a beaded necklace and bracelets.

Talented actress and host for the evening, Nancy Isime, embraced the northern roots by donning the enchanting Mudukare attire. The Mudukare garment, a traditional Fulani attire, showcased a colorful myriad of red, blue, and green embroidery. Nancy completed the ensemble with Fulani cornrows, radiating elegance and grace.

Daniel Etim-Effiong, co-host of the cultural and opening night, channeled the Yoruba heritage in a resplendent Agbada ensemble. The uniquely-designed agbada was meticulously handcrafted with intricate embroidery and bold motifs. Daniel accessorized with a black suede cap and shoes, adding a touch of sophistication to his cultural attire.

The event was packed with major names in the entertainment industry from BBNaija housemates to A-list actors. Other guests who rocked traditional attires include Ini Dima-Okojie who also slayed in a Mudukare outfit, and Elozonam and Saga Adeolu, who both showed up in sophisticated Agbadas. Juicy Jay showcased his South African heritage in his looks,  Sandra Essien brought Egypt to Lagos and Whitemoney dorned a custom-made Isi Agu traditional wear.

The guests’ choice to wear these creative cultural attires at the AMVCA was a testament to their appreciation for African traditions and the richness of the continent’s diverse cultures. Their outfits not only showcased their individual styles but also served as a celebration of African heritage and a statement of cultural unity.

Obama, 499 Other Americans Banned From Entering Russia

Obama, 499 Other Americans Banned From Entering Russia

Russia announced on Friday that it has barred 500 Americans, including former President Barack Obama, from entering the country in reaction to US sanctions.

“In response to the anti-Russian sanctions regularly imposed by the Biden administration… entry into the Russian Federation is closed for 500 Americans,” Russia’s foreign ministry said, adding that Obama was on the list.

The United States added hundreds of new firms and persons to its sanctions blacklist on Friday, broadening its efforts to choke off Russia’s economy in response to the Ukraine conflict.

“Washington should have learned a long time ago that no hostile step against Russia will go unpunished,” warned the Foreign Ministry.

Stephen Colbert, Jimmy Kimmel, and Seth Meyers were among those named.

Erin Burnett of CNN and Rachel Maddow and Joe Scarborough of MSNBC were also present.

Russia said it has blacklisted senators, congressmen, and think tank members “involved in the spread of Russophobic attitudes and fakes,” as well as the leaders of corporations that “supply weapons to Ukraine.”

Russia rejected a consular visit to jailed US journalist Evan Gershkovich, who was arrested in March on suspicion of spying.

The refusal was precipitated by Washington’s reluctance to give visas to journalists accompanying Foreign Minister Sergei Lavrov to the United Nations in April, 2023.

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Ulaa Review: The Best Privacy And Ad-free Browser In 2023, All You Need To Know

All You Need To Know About Ulaa Browser

All You Need To Know About Ulaa Browser

In a digital era where online privacy is paramount, finding a reliable and secure web browser has become essential.

In this article, we will explore why Ulaa stands out as the best privacy-oriented browser of the year and delve into its key features that make it a worthy contender in the competitive browser market.

Ulaa, the browser developed by Zoho. Launched in 2023, Ulaa has garnered attention for its commitment to privacy, ad-free experience, and user-friendly features.

Ulaa’s primary strength lies in its robust privacy protection. With growing concerns over data breaches and invasive online tracking, Ulaa takes a proactive approach to safeguarding user information.

One of the most frustrating aspects of browsing the internet is intrusive and distracting advertisements. Ulaa takes a refreshing approach by offering an ad-free experience to its users. Say goodbye to pop-ups, banner ads, and auto-playing videos that disrupt your browsing flow.

Below are some of Ulaa browser unique features and why you should consider it.

  • Privacy: Ad and data tracking blockers prevent unauthorised push notifications, pop-ups, and time tracking. Existing browsers use time trackers or idle monitors to power recommendation algorithms and browser suggestions, which ultimately feeds that data back to the software provider and the companies that pay them for user data. Ulaa does not track or share user data with any third parties. DNS prefetching is prohibited, so data cannot be cached, as are motion sensors that track mouse movement and clicks. Users have access to Ulaa’s multi-ID model, which offers unique IDs that are tied to the browser, which are refreshed frequently to add an extra layer of protection from tracking software. In addition to privacy customisations, anonymised user data and stats, geographical data isolation, end-to-end encryption, and privacy reports, Ulaa disables the API that allows websites to connect and communicate with devices connected to your computer or wifi network.
  • Productivity:  Ulaa comes equipped with tabs management options to view all open tabs in one place to be grouped and organised. Users can easily switch between tabs or move tabs to a different mode or a new window. It comes with integrated productivity apps, including Zia Search for existing Zoho users, Text2Speech, and Zoho Notebook, a dedicated note-taking space that works across all tabs. Ulaa includes Annotator, a new, built-in feature that can add annotations directly to web pages and images.
  • User Modes: Ulaa has five browsing modes that are isolated from each other, providing unique protected browsing experiences. Users can use Dynamic Mode Switching to save preferred modes for specific websites. It will automatically open the site in the saved mode when the user visits it again. Users will be prompted to switch modes if a website was previously opened in a different mode.
  • Personal and Work Modes -Both modes are easy to differentiate for home or work use. Personal Mode can be used for banking, streaming, and shopping without signing in, and has secure logins and privacy features like ad-blockers. Work Mode can pull in apps, websites, and extensions for work, and has an ad blocker for protection from phishing attacks.
  • Developer Mode – Ulaa’s Developer Mode is for web developers and testers. It has developer tools and suggested extensions to ensure website compatibility and test new features. Users can inspect HTML, CSS, and JavaScript and track assets and load time.
  • Kids Mode – This family-friendly Kids Mode provides a safe online space for children to learn, play games, and explore content. It has content filtering and Parental Control features to block inappropriate websites. It’s easy to navigate, has ad-free games and creativity-promoting apps. Features like Child Lock and Learning-on-the-Go restrict access to other modes.
  • Open Season Mode – This mode has no privacy restrictions, with no ad or tracking blockers, and no UI or feature breakages. It’s similar to an average browser and allows access to all websites, including “zero-restriction” sites. The red theme serves as a reminder of disabled data protection features and informs users they’re being surveilled online.

In the ever-evolving digital landscape, Ulaa shines as the best privacy-oriented and ad-free browser of 2023. Its dedication to user privacy, seamless performance, and user-friendly interface make it a top choice for individuals seeking a secure and efficient browsing experience. With Ulaa, you can explore the web with confidence, knowing that your privacy is protected and annoying ads are a thing of the past. Give Ulaa a try and unlock a new level of privacy and convenience in your browsing journey.

NASS Has Approved $800m Loan Request – Reps Member

NASS Has Approved $800m Loan Request - Reps Member

Abubakar Yunusa Ahmad, a member of the House of Representatives Committee on Loans, Aids, and Debt Management, claims federal lawmakers have approved President Muhammadu Buhari’s $800 million loan request.

The legislator, however, contended that the loan would not be used by the Buhari administration, claiming that the next administration will have its own strategy to use the loan.

Ahmad during a Channels Television’s program said, “The $800 million — there were so many talks that we did, especially we in the loan committee and we advised them: ‘First, leave this thing to the incoming government.

“But since the loan has been granted, we can collect. If we cannot use it, maybe when the incoming government comes, they may have a different approach to issues, maybe unlike this government that is there.

“Thank God, I won’t say it clearly but it was on social media that probably they intended not to use any of Buhari’s ministers because they have already taken them to have underperformed.

“So, the issue is, we have granted that loan, it is approved, so we want Nigerians to take it but it is not going to be utilised by this outgoing government. Now, if the incoming government comes, we will see also their own template.”

BizWatch Nigeria recalls that President Muhammadu Buhari urged the Senate to approve a request for a $800 million loan from the World Bank.

The cash, according to the president, would be used to supplement funding for the National Social Safety Net program.

Buhari stated that if the proposal is allowed, N5,000 will be transferred to about 60 million poor Nigerians, stimulating the informal economy and improving health and education.

“Please note that the federal executive council approved an additional loan facility to the tune of $800 million to be secured from the World Bank for the National Social Safety Net programme and the need to request your consideration and approval to ensure early implementation. Copy of FEC extract attached,” Buhari said.

“The senate may wish to know that the programme is intended to expand coverage of shock responsive safety net support among the poor and vulnerable Nigerians. This will assist them in coping with basic needs.

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President Buhari Appoints New Accountant General

President Buhari Appoints New Accountant General

Mrs. Oluwatoyin Madein has been appointed as the Federation’s substantive Accountant-General by President Muhammadu Buhari.

According to a Friday statement by Mohammed Ahmed, Director of Communications, Office of the Head of Civil Service, her appointment is effective immediately.

“President Muhammadu Buhari has approved the appointment of Dr. Oluwatoyin Sakirat Madein, as the substantive Accountant-General of the Federation following the successful conduct of a selection process to fill the existing vacancy,” the statement noted.

“The Head of the Civil Service of the Federation, Dr. Folasade Yemi-Esan, CFR made this known today, Friday 19 May 2023 in Abuja, adding that the appointment is with effect from Thursday, May 18, 2023. The new appointee is to resume immediately.”

She was the Director of Finance and Accounts in the Office of the Federation’s Head of Civil Service before to her appointment.

She succeeds Sylva Okolieaboh, who was appointed in an acting capacity following the removal of Anamekwe Nwabuoku.

Anamekwe had previously (in an acting capacity) replaced Ahmed Idris, who had been suspended over suspicions of a N80 billion scam.

The Economic and Financial Crimes Commission (EFCC) detained Idris on May 16, 2022, after he failed to answer questions about the charges.

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World Bank: 64 Million Nigerians Are Facing Food Crisis Due To Inflation

Subsidy Removal: Poverty Level Will Increase - World Bank

The World Bank estimates that at least 64 million Nigerians need emergency food and nutritional assistance as a result of the concomitant effects of growing inflation and climate change, among other things.

According to the United Nations World Food Programme, there are approximately 24.8 million Nigerians who are acutely hungry, a sign of rising food insecurity and a pervasive system of privation.

This was disclosed in the most recent food security update from the bank, which our correspondent was able to get. It was headlined “Food Security update: World Bank Response to Rising Food Insecurity.”

In West Africa and Central Africa, there are approximately 107.5 million people who live in a stressed state and may experience a food crisis if further disruptions to the present farming season occur.

This new estimate is nearly twice as large as the 27 million people that Oxfam, ALIMA, and Save the Children previously anticipated would be affected by food crises in West Africa, including Burkina Faso, Niger, Chad, Mali, and Nigeria.

The Global Report on Food Crises began in 2017, and according to the report, the number of individuals experiencing a crisis and worse acute food insecurity was the greatest ever.

The bank went on to say that rising food prices restrict households’ access to enough nutrient-dense food due to ongoing trade barriers, high transit costs, the effects of the Ukraine War, and currency devaluation in coastal nations.

Prices for the main primary foods in West Africa are typically 25% to 40% higher now than they were five years ago.

Furthermore, it claimed that the region’s food systems are losing productivity due to the acceleration of climate change.

Food prices had been steadily rising, according to reports.

According to the Food issue Prevention Network, the current food and nutrition security issue is being exacerbated by civil unrest, high inflation, and climate change.

Gombe Airport Will Be Managed By FAAN

Eld-el-fitri: Observe COVID-19 protocol, FAAN Tells Airport Users
Eld-el-fitri: Observe COVID-19 protocol, FAAN Tells Airport Users

The management of Gombe Airport has been transferred to the Federal Airport Authority of Nigeria (FAAN).

Captain Rabiu Yadudu, the managing director of FAAN, said the visit had signaled the smooth handover of its operations shortly after conducting a check of key areas of the airport.

Rabiu stated that its direct involvement in the management of the facility will guarantee better services and further stated that Gombe Airport security would be stepped up to protect passengers.

We’ll take care of the operation and upkeep of this specific facility, he stated. We are here to assume all responsibility for the facility’s management on behalf of the Federal Government of Nigeria.

Every time we take over an airport, we conduct a routine assessment that includes checking the status of the facilities, particularly the runways, parking lots, and critical services, as well as the airport fire fighting services, which include the personnel and equipment needed in an emergency. Additionally, we visited the tower, which is essentially a NAMA facility, and were quite impressed with the space.

He continued, “We will significantly improve safety and security standardization. We can access a greater range of experts. It’s official now; this is a symbolic conquest. Even when we bring in well trained professionals, we make an effort to keep local populations’ interests in mind. The President has given us the go-ahead to take over and provide this state and its citizens with better, safer, and more secure services.

Manassah Jatau, the deputy governor of Gombe State, said the federal government’s takeover will encourage business and cement the state’s progress toward business-friendliness.

“We will need more visitors to Gombe by way of increased flights,” Manassah remarked. Since this has been our long-time ambition, we are extremely appreciative and even happier than we should be.

Capital Market Registrars Express Concern Over Rising Rate Of Cyberattacks

Over 200 Cyberattacks Were Averted During Election - FG

The increase of cyberattacks, particularly in the global finance industry, has drawn concern from the Institute of Capital Market Registrars.

This was stated in a statement released on Friday in Lagos by Oluseyi Owoturo, President and Chairman of the ICMR Council.

According to Oluseyi, the possibility of cyberattacks has escalated, prompting stakeholders in the capital market to step up their efforts to protect data.

He stated that, like other businesses in the modern, digitalized business environment, capital market enterprises need to be protected against cybersecurity threats.

“Capital market organizations are taking additional measures to reduce risks and protect data as a result of an increase in threats from cybercriminals.

Additionally, he added, “There is a consistent increase in digital transactions and a corresponding increase in cyberattacks, particularly in finance, globally.”

According to oluseyi, the number of assaults targeting the financial and insurance industries has climbed by 233% and server access has increased by 160% since 2019.

These stories have highlighted the significance of cybersecurity, which is essential for securing information, he continued.

A virtual conference with the title “Cyber Security Threats and Counter Measures: Implications for Security Data Management & Online Stocktrading” will be held later this month thanks to a partnership between the ICMR and the Fintech Association of Nigeria,said oluseyi

He said that participants would learn about how cybersecurity has an impact on the capital market through the webinar.

GCK Alumni Elects New Excos

GCK ALUMNI ELECTS NEW EXCOS

The alumni of the best secondary school in Lagos in the year 1996, Government College, Ketu(GCK) Epe have elected a new set of executives to lead the association. This is a significant event that marks a new chapter in the history of the association. The school was founded in 1974, and over the years, it has produced numerous successful individuals who have made significant contributions to various industries and sectors.

The 2001 alumni association is a vibrant and active group of individuals who are passionate about giving back to their alma mater and supporting one another. The association’s first executive handed over last weekend in Lagos, and a new set of executives were elected to take over the reins of leadership.

The newly elected executives are Dare Shittu as President, Rhoda Ayanwusi as Vice President/General Secretary, Ohwofasa Evabeta as Compliance/Chief whip, Lekan Onike as Projects and community development secretary, Kelicha Osuya-John as Financial secretary/Treasurer, Niyi Kaka as Media Relations/Social events, Adedeji Ogunsanwo as Welfare, Health and Membership 1, and Bisola Koledoye as Welfare, Health and Membership 2.

The election of these executives was a rigorous process that involved campaigning and voting. The association’s members were encouraged to vote for the candidates they believed would best represent their interests and work towards achieving the association’s goals.

The past president, Nkechi Nwaiwu, expressed gratitude to the association for the opportunity to serve and wished the new executives all the best in their leadership roles. She urged the association’s members to support the new executives and work together towards achieving the association’s objectives.

The new executives of GCK have already hit the ground running, and they are committed to promoting unity, excellence, and service among the association’s members. They have outlined several initiatives and projects that they plan to implement during their tenure, such as promoting educational development, career advancement, and social welfare programs for members.

The election of new executives is an important event in any organization’s life cycle. It provides an opportunity for fresh ideas and perspectives, as well as new leadership styles. The 2001 alumni association’s new executives have been given a mandate to steer the association towards greater heights, and we look forward to seeing the positive impact they will make in the coming years.

CRC Launches Risk Calculator To Improve Financial Decisions

CRC Launches Risk Calculator To Improve Financial Decisions
credit score concept on the screen of smartphone, checking payment history and ranking in bank

CRC Credit Bureau Limited has announced the release of its innovative CRC Risk Calculator, aimed at empowering businesses to make better financial decisions.

The firm in a statement noted that the CRC Risk Calculator evaluates multiple factors, including the number of performing and non-performing loans of the borrower, current loan balance, overdue amounts on the borrower’s credit profile, credit score, among others.

The Group Managing Director/CEO of CRC Credit Bureau Limited, Tunde Popoola said: “The launch of CRC Risk Calculator is a significant milestone for us, we believe that access to accurate and reliable information is critical for making informed financial decisions. 

“The Risk Calculator is designed to provide lenders with a clear understanding of the riskiness of borrowers, which is crucial for granting credit facilities, and other financial services. We believe that the CRC Risk Calculator will be a game-changer for businesses looking to make better financial decisions. We are committed to providing innovative and reliable solutions that empower businesses to make better-informed lending decisions. The CRC Risk Calculator is part of our broader service offerings leveraging technology and data analytics to deliver more value to our customers.”

“We understand that many businesses require insights to evaluate their customers’ creditworthiness,” said Peggy Chukwuma-Nwosu, the Chief Commercial Officer of CRC. “The CRC Risk Calculator simplifies this process, providing lenders with a clear picture of their borrower’s risk profile. This is particularly important as lenders and credit grantors use credit scores and risk assessments to determine eligibility and loan terms.”

FG Introduces A Tribunal For Advertising Offenses

Opposition Parties Have Prevented Buhari From Providing Relief – Lai Mohammed

To address violations of the terms of the Advertising Regulatory Council of Nigeria Act No. 23 of 2022, the Federal Government established the Advertising Offences Tribunal.

Lai Mohammed, the minister of information and culture, formally opened the tribunal on Thursday in Abuja. Lai Mohammed asserted that the panel backs the initiatives of the Nigerian Advertising Regulatory Council.

He declared, “The Council was given the authority to supervise and regulate all facets and implications of advertising in Nigeria. The Advertising Offences Tribunal was created by the Act to ensure the Council’s success in carrying out her statutory duties.”

The Act’s provisions, the Code of Advertising Practice, the Standard of Practice, and other subsidiary laws created in accordance with the Act are all subject to hearing by the Tribunal.

Justice Cecilia Olatoregun is in charge of the newly established tribunal. Mr. Charles Odenigbo, Mr. Moroof Aileru, Mrs. Julia Oku Jack, Alhaji Bello Kankarofi, and Mr. Idorenyen Enang are the other tribunal members.

Mohammed continued, “The Federal Government will continue to support the growth of the industry in Nigeria and will ensure that, as a country with remarkable characteristics and a diverse ethnic, cultural, and religious background, advertisement, and marketing communications will be carried out with a level of decency as well as respect for cultural values and constitutional tenets.”

SEC: Companies In Court For $3 Billion In Illegitimate Investments

SEC Tackles Fraud, Unclaimed Dividend

On Thursday, the Securities and Exchange Commission announced that the Federal Government had filed a lawsuit against Elixir Asset Management Limited, Elixir Investment Partners Limited, and two of their directors before the Federal High Court in Ikoyi, Lagos, over claims of fraud totaling more than N3 billion.

The Federal Government charged the accused firms with four charges of fraud, according to a statement released on Thursday by the SEC.

They were charged with soliciting investment from the investing public, including Toyota Nigeria Limited, Kaduna Industrial and Finance Company, and others, by selling the unregistered “Elixir Treasury Product” for subscription.

The charges against the defendants, as stated in the statement, were as follows: “That you, Elixir Investment Partners Ltd of No. 95 Medical Guild Close, V/I Lagos, on or between the years 2019 and 2021 within the jurisdiction of this honorable court, did commit a felony, namely, diversion of investment funds to the amount of N3,213,700,150 belonging to the investing public, including Toyota Nigeria Limited, Kaduna Industrial and Finance Company, and others. By doing so, you broke the Criminal Code Act, Laws of the Federation of Nigeria, 2004, which is illegal and punishable under section 383 (2) (f), as well as section 390 (7) of the same Act”.

The defendants were also accused of conspiring with one another to siphon the investing public’s investment funds,

SEC claimed that the defendants were not present, which led the presiding judge, Honorable Justice Yellim Bogoro, to grant the request of the Office of the Attorney General’s counsel, Moshood Adeyemi, to issue criminal summonses against the defendants and set a date for the next appearance for July 11, 2023.

According to a statement made by Justice Bogoro, “The Court will grant the Prosecution’s request and issue a criminal summons to be served on the defendant for arraignment.” The following hearing will now take place on July 11, 2023.

A summons charge was sent to the accused on March 1, 2023, asking them to show up for the hearing on March 10, 2023. Unfortunately, the accused did not show up for the initial hearing, which resulted in the hearing being postponed until May 9.

#WorldBeeDay: Using Sustainable AI To Promote Hive Health

To promote a healthy, sustainable environment, analytics leader SAS is harnessing the power of sustainable Artificial Intelligence (AI) to improve hive health and protect pollinators like bees, butterflies, bats, and hummingbirds. These vital creatures are increasingly under threat from human activities, and SAS is committed to finding innovative solutions for their conservation.

“Pollinators are essential to our food security and biodiversity. With the UN designating 20 May as World Bee Day this reinforces the urgency of protecting these creatures, and our Data for Good project aligns with this mission,” says Tumi Nomlomo, Senior Business Solutions Manager at SAS.

Pollinators play a critical role in ecosystems and food production. According to a study by the US Department of Agriculture, honeybees facilitate one in three bites of food consumed, and over 75% of the world’s food crops depend on pollinators. Despite their importance, beekeepers have reported a decline in honeybee numbers since the 1990s.

SAS is using sustainable AI and analytics to monitor beehive health with hive-streaming data. With 30% of the world’s beehives lost each winter, SAS’s analytics provide valuable insights into environmental risks bees face, as well as factors such as hive temperature and queen bee sounds. These insights are shared with beekeepers globally, empowering them to measure hive health effectively. “SAS is working towards an automated process to capture activity at beehives, which will enable us to understand vegetation bloom times, honey production, and overall hive health,” explains Nomlomo.

In collaboration with Bee Downtown, SAS welcomed its first honeybee hives to its global headquarters in North Carolina, Cary, three years ago. “As a corporate sustainability leader, SAS’s latest environmental investment is helping save honeybee populations, especially in urban areas. Beehives are a great fit for our established environmental program, as well as our culture,” said SAS Sustainability Program Manager Jerry Williams at the time. This initiative is part of SAS’s commitment to the health of beehive populations.

SAS’s passion for innovation and sustainability led to the development of technology applications to better understand the health of their beehives. Using advanced analytics and event stream processing, SAS transformed their beehives into an Internet of Things (IoT) innovation project. After connecting sensors to the hive, data is streamed from the hive to the cloud for continuous measurement of hive weight, temperature, humidity, acoustics, and flight activity.

While electronic beehive monitoring systems are not new, SAS’s approach to analyzing hive data at the point of creation is a departure from the typical method of collecting, storing, and then analyzing data. By championing sustainable AI to improve hive health, SAS contributes to the preservation of pollinators and food security globally and in Africa, showcasing the power of technology for social good.

Federal Allocation Decreases As The Three Levels Of Government Split N655 Billion

FG Grants Nigerian Citizenship To 286 Foreigners

According to the Federation Account Allocation Committee, in April 2023, N655.93 billion was distributed across the three levels of government.

The amount is down N58.7 billion from the N714.63 billion shared in March 2023. This was stated by FAAC in a statement following its most recent meeting, which concluded on Thursday in Abuja.

The allocation shared was shown to be decreasing during the course of this year. The total comprises electronic money transfer levies, value added tax, forex and non-oil mineral revenue augmentations, and gross statutory revenue.

The oil-producing states received N28.22 billion as a derivation (13 percent of mineral revenue), while the federal government received N248.81 billion, the states N218.31 billion, and local government councils N160.6 billion.

The gross amount of Value Added Tax income available for the month of April 2023 was N217.74 billion; N8.71 billion went toward collection costs, and the remaining N217.74 billion was split among the Federal Government, States, and Local Government Councils.

“From that amount, the sum of N8.71bn was allocated for Collection Costs and the sum of N6.271 given for Transfers and Refunds,” the breakdown stated. The remaining N202.76 billion was divided among the three levels of government, with N30.41 billion going to the federal government, N101.38 billion to the states, and N70.97 billion to local government councils.

Gross statutory revenue totaled N497.46 billion; the cost of collection was N18.79 billion, while transfers, refunds, and consulting fees totaled N114.02 billion.

The Federal Government received N180.66 billion, the States received N91.63 billion, LGCs received N70.65 billion, and Oil Derivation, which received N21.72 billion (13 percent of mineral revenue), received the remaining N364.65 billion.

The communiqué also stated that the three levels of government received a total of N15.12 billion in electronic money transfer levies.

“The Federal Government received N2.18 billion, States got N7.26 billion, Local Government Councils got N5.08 billion, and the total of N0.61 billion was allocated to Costs of Collection,” according to the breakdown for EMTL.

“The Communique disclosed an augmentation of N50 billion from Forex Equalization, which was divided as follows: Federal Government received N22.92 billion, States received N11.62 billion, the sum of N8.96 billion was allocated to Local Government Councils, and the sum of N6.5 billion was given to Derivation (13 percent of Mineral Revenue).” it was further stated.

“N24 billion in augmentation from non-mineral revenue was also distributed in accordance. The Local Government Councils received N4.94 billion, the States N6.41 billion, and the Federal Government N12.64 billion.

Petroleum Profit Tax, Companies Income Tax, Oil and Gas Royalties, Import and Excise Duties, and Value Added Tax were all acknowledged to have significantly lowered, while only the Electronic Money Transfer Levy had somewhat increased.

The statement said, “The Excess Crude Account balance as of May 18, 2023 stands at $473,754.57.”

NYSC @ 50: Buhari Offers Automatic Employment And Scholarships To 65 Ex-Corpers

COVID-19: 25 NYSC Corp Members Test Positive In Gombe

65 former National Youth Service Corps members received automatic employment in the Federal Civil Service on Thursday in Abuja, thanks to President Muhammadu Buhari.

Buhari also gave them scholarships to continue their studies up to the doctoral degree level at any university of their choice inside the nation, in addition to employment.

Additionally, he announced cash prizes of N250,000 for each of the top award winners and N200,000 for other award recipients, including an ex-corps member who is physically challenged under the NYSC Hope Alive Program.

In order to implement the employment and award scholarships, Buhari issued a directive to the head of the federal civil service, the federal civil service commission, and the minister of education.

The news was released on Thursday in a statement headed “President Buhari grants 65 ex-corps members automatic employment, lists achievements of NYSC at 50,” which was written by the President’s Special Advisor on Media and Publicity, Femi Adesina.

The President stated that 52 of the 65 recipients of the NYSC 50th Anniversary Honours Awards received the Presidential Honours Awards, while the remaining 13 were physically challenged ex-corps members recognized by the NYSC Hope Alive program. The event was held at the State House Conference Center.

Along with honoring the batches being recognized, he also paid tribute to the corps members who sacrificed their lives while serving the country in a variety of ways.

Some of them may have been among the honorees today had it not been for their transition. May God offer them a peaceful rest for their spirits. They continue to be our heroines and heroes.

According to President Buhari, “the nation shall continue to remember their sacrifices towards building a strong, indivisible, and egalitarian entity.”

On the occasion of the NYSC program’s golden anniversary, Buhari praised the program’s creators and previous and current administrators.