ONE WORD

[FILES] Power Meter Chairman, Momas Electricity Meters Manufacturing Limited (MEMMCOL), Kola Balogun, has appealed to the Central Bank of Nigeria (CBN), to make single digit credit line available to meters manufacturers for the effective actualisation of Meter Assets Providers (MAP) programme. Balogun, while discussing the possible issues that meters manufacturers might be faced with towards the successful implementation of MAP, explained that funding is the major challenge facing meter manufacturers in the execution of the project as implementation capital outlay is very huge. To this end, Balogun proposed that the CBN provides credit facilities to the tune of N10 to N20 billion for each manufacturer. He urged the CBN to come to the rescue by granting all meter manufacturers single digit credit line, which will allow them to pay back in due time. Balogun noted that while most meter manufacturers, including MEMMCOL, are already positioned for the execution of the MAP progra...

MAN President, Mansur. Photo/Nigeria Customs Administration With contribution from the manufacturing sector still hovering at less than 9% of the Nation’s Gross Domestic Products (GDP), the Manufacturers Association of Nigeria (MAN) has stated that its members will renew focus on value-addition, as well as improve the technology deployed in factories. According to MAN president, Mansur Ahmed, there is need to deepen the sectors both in depths and scope through increase in value addition. Citing the textile sector as an example, Ahmed said the sector used to be very vibrant, but it has declined significantly. “So, we must broaden the sector to ensure that sectors that are not adequately functioning are restored to good health. In leather and footwear there is tremendous capacity but today it is not being fully exploited. We are stopping at the production of wet leather. “Value addition is the key to success in manufacturing, for instance, if you take the process from hide t...

Seaport Barring any urgent intervention to tackle numerous challenges bedeviling Nigerian seaports, the country may lose over 40% of its cargoes before the end of the year. Clearing Agents under the argues of Association of Nigerian Licensed Customs Agents (ANLCA), warned that the nation might also lose 40% of its revenue from ports operations to neighbouring ports, unless the new administration resolves the lingering problems in the sector. The Vice President, ANLCA, Kayode Farinto, in an exclusive chart with The Guardian, said it is a shame on the reigning government that the nations second largest revenue earner, after oil was left to wallop in such a sorry state. Farinto said there are too many factors that are drawing the sector backward, ranging from bad access roads to the ports, to high shipping costs, shallow water draft at seaports, foreign domination, poor policy implementation, lack of coordination, and proliferation of government agencies at the ports among othe...

SHIP owners’ reluctance to assist in salvage operations when other vessels are in distress has been attributed to an aspect of the law which empowers the owner of the distressed vessel to sue the rescuer in case of damages to vessel in distress or loss of lives. Senior Partner of Akabugo and Associates, Emeka Akabugo, noted that most ship owners run away from embarking on a rescue mission for vessels in distress because of fear of legal action. Akabugo in a statement made available to Vanguard Maritime Report noted that though local and international maritime laws make it mandatory for vessels around the vicinity of a distressed ship to move in and help, the above factor acts as a restraining factor. According to him, “The practical application of the above-stated law comes with some challenges and obligations which owners of vessels should be aware of. “While the master of a vessel that has received a distress call hs a duty to respond to the distress call, the master and o...

Juventus’ Portuguese forward Cristiano Ronaldo (R) celebrates with (From L) Juventus’ Italian defender Giorgio Chiellini, Juventus’ Bosnian midfielder Miralem Pjanic after scoring 2-0 during the UEFA Champions League round of 16 second-leg football match Juventus vs Atletico Madrid on March 12, 2019, at the Juventus stadium in Turin. Marco BERTORELLO / AFP Cristiano Ronaldo shot Juventus into the Champions League last eight on Tuesday with a hat-trick that saw his side overturn a two-goal first-leg deficit against Atletico Madrid with a thrilling 3-0 win in Turin. The Portuguese struck either side of half-time to level the aggregate scores before crashing home the decisive penalty kick four minutes from the end. Ronaldo was signed from Real Madrid in order to help Juve turn domestic dominance into European success and he pulled off his most important display for the Serie A club since arriving in pre-season with his team with their backs to the wall following their 2-0 defeat i...

Manchester City thrashed Schalke 7-0 at the Etihad Stadium on Tuesday to romp into the Champions League quarter-finals and keep their quadruple bid alive. Pep Guardiola’s men held a 3-2 lead from the first leg, and equalled the record winning margin in a Champions League knockout-stage game as winger Leroy Sane scored once and assisted three other goals against his former club. Source:https://samueljackson12.blogspot.com/2019/03/breaking-man-city-thrash-schalke-7-0-to.html

Troops in the north east Troops of Operation Sharan Daji have killed 55 bandits and rescued 760 persons abducted from villages in Zamfara state. This was contained in a statement signed by Acting Force Information Officer, Maj. Clement Abiade in Gusau on Tuesday. He said, the troops also recovered weapons, ammunition and rustled cows as they blocked all entry points to the bushes to deny the bandits free movement while building confidence of the locals. “A total of 24 suspected bandits informants, rustlers, kidnappers and logistics suppliers were arrested and handed over to the police for further investigation. “The Air Component of the operation carried out several air strikes around Kagara, Gando, Fankama, Fete and Dumburum forest during which successes were recorded. “Items recovered include four AK 47 rifles, one Rocket Propelled Gun Tube, 12 Dane guns, 27 AK 47 Magazines, 168 rounds of 7.62mm (Special) ammunition, one Pump Action Gun, 47 Motorcycles, a Golf wagon ca...

The Nigerian Air Force, NAF, has announced date for its 2019 recruitment process. NAF disclosed that the recruitment exercise will commence on Saturday 16th – Saturday 30th March 2019, at 15 Centres. In a post on its Facebook page, the Force also highlighted guidelines candidates must take note of ahead of the exercise. The post read; “SCHEDULE OF ACTIVITIES FOR THE 2019 NIGERIAN AIR FORCE ZONAL RECRUITMENT EXERCISE. The 2019 Nigerian Air Force Zonal Recruitment Exercise is scheduled for Saturday 16th – Saturday 30th March 2019 at 15 Centres. “The schedule of activities at the various Centres daily are as follows: SPECIAL INSTRUCTIONS 1. All applicants are to come to the Centres only on their scheduled days. 2. Applicants will be attended to ONLY at the Centres they chose when they completed the forms. 3. On screening days, applicants are to come along with the following: (a) Original copy of Birth certificate/ Declaration of Age (b) Original certificates of NECO...