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Wednesday, May 22, 2024

Bonga is Asset of the Year in Shell Group - ITREALMS

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The premier deep-water development, Bonga, operated by Shell Nigeria Exploration and Production Company Limited (SNEPCo) has won the coveted Asset of the Year award in the Shell Group for 2023, the latest recognition of its best-in-class performance in Safety, Environment and Asset Management.
Bonga is Asset of the Year in Shell Group - ITREALMS
Bonga had clinched same award in 2016 and was first runner up in the same category in 2019 for improved production, maintenance, problem-resolving capability, operational excellence and cost ownership.

Tuesday, May 21, 2024

May 2024: Key developments in domestic and global economies by Yemi Cardoso - ITREALMS

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Excerpts from communique 152 of the Monetary Policy Committee. 
May 2024: Key developments in domestic and global economies by Yemi Cardoso - ITREALMS
Domestic headline inflation rose further to 33.69 per cent in April 2024, from 33.20 per cent in March, driven by both the food and core components. On a month-on-month basis, however, headline inflation declined significantly to 2.29 per cent in April 2024, from 3.02 per cent in March.

Bridging skills gap: Paradigm Initiative lifts 39 Kenyans with LIFE Legacy Programme - ITREALMS

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Paradigm Initiative has lifted some 39 Kenyan youths with LIFE Legacy Programme in efforts to bridge the skills gap in the country, reports 
ITREALMS.
Bridging skills gap: Paradigm Initiative lifts 39 Kenyans with LIFE Legacy Programme - ITREALMS
Thus, efforts to bridge unemployment challenge in Kenya have started bearing fruit following the graduation of the first batch of students from under-served communities under the LIFE Legacy Programme, an initiative spearheaded by Paradigm Initiative (PIN), a pan-African non-governmental organisation.

PHCs, Lagos SAT urge stakeholders collaboration with govt - ITREALMS

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The Lagos State Advocacy Team of the coalition of civil societies in the health sector has called on stakeholders, philanthropists in the community to collaborate with the government in making the healthcare delivery in the state more accessible to the people, reports 
ITREALMS.
PHCs, Lagos SAT urge stakeholders collaboration with govt - ITREALMS
This the group said would be by supporting with needs identified in their domain as the government alone cannot achieve this.

Monetary Policy Committee explains rate hike to 26.25% - ITREALMS

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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the Monetary Policy Rate (MPR) to 26.25 per cent, reports 
ITREALMS.
Monetary Policy Committee explains rate hike to 26.25% - ITREALMS
The Committee arising from its 295th meeting on the 20th and 21st of May 2024 to review recent economic and financial developments and assess risks to the outlook decided that to raise the MPR by 150 basis points to 26.25 per cent from 24.75 per cent; retain the asymmetric corridor around the MPR to +100/-300 basis points; retain the Cash Reserve Ratio of Deposit Money Banks at 45.00 per cent; and retain the Liquidity Ratio at 30.00 per cent.

NCC, SMEDAN, NAICOM, SEC, others set for SUPERNEWS SMEs Confab'24 - ITREALMS

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The Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Mr. Charles Odii, the Executive Vice Chairman/CEO, Nigerian Communications Commission (NCC), Dr. Aminu Maida, other regulators, experts, stakeholders from the financial services and ICT sectors, small business owners among others have confirmed their attendance at the SUPERNEWS Nigeria SMEs Forum 2024 scheduled for Thursday, June 13th 2024 at Radisson Hotel, GRA Ikeja, Lagos.
NCC, SMEDAN, NAICOM, SEC, Others Set for SUPERNEWS SMEs Conference June 13
The conference with the theme, 'Bringing SMEs into the Financial Services Network via Fintech' would be declared open by the SMEDAN DG, Mr. Charles Odii, while the EVC of NCC will chair the event.

May-hem: EFCC arrests 193 suspects on Internet fraud in 20 days - ITREALMS

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Since the beginning of the fifth month of 2024, May, the Economic and Financial Crimes Commission (EFCC), has made a total of 193 arrests related to cyber crimes and internet fraud across various cities in Nigeria, reports ITREALMS.
Mayhem: EFCC arrests 193 suspects on Internet fraud in 20 days - ITREALMS
Also, ITREALMS investigations on the number of convictions by the EFCC in 2021 showed that there were some 35 cases, just as 54 cases were mentioned on cyber crimes, even as cybercrime as compound word appeared 339 in the 174 page document.

Monday, May 20, 2024

Air Peace battle for skies: Strategies to gain competitive advantage by Austin Okere - ITREALMS

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Battle for the skies
Congratulations to Air Peace on its inaugural flight to London and for achieving full bookings for the upcoming months, thanks to attractive ticket prices. Over the past fortnight, Air Peace has been making waves on social media for various reasons. On a positive note, the airline shared a LinkedIn post featuring a picture of former Nigerian President, Chief Olusegun Obasanjo, aboard a return flight to London. The caption highlighted his positive experience, stating, "I went, it was pleasant. I came back, it was even more pleasant." However, on a different note, Nigeria Stories recently reported that the United Kingdom Civil Aviation Authority has contacted Nigeria's Civil Aviation Authority regarding alleged violations of aviation safety regulations by Air Peace.
Air Peace battle for skies: Strategies to gain competitive advantage by Austin Okere - ITREALMS
The significance of Air Peace's impact on airfares along the Lagos-London route cannot be overstated. Since commencing operations on March 30, Air Peace has maintained its round-trip economy ticket price at $1,000 (₦1.2 million), a substantial reduction compared to the previous rates charged by international airlines, which could soar up to $2,500 (₦3 million). This bold pricing approach has disrupted the established norms, prompting foreign carriers to reassess their pricing frameworks.

12 Internet fraudsters jailed in Makurdi - ITREALMS

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Justices R.J. Egbe , N.I Afolabi and Emeka Nwite , M.S Abubarkar, M.S.Abubakar , A. Onoja, Justice Ajiya Ngajuwa and Justice Emeka Nwite of the Federal High Court sitting in Makurdi, Lafia and Abuja have convicted and sentenced 12 (twelve) internet fraudsters to various jail terms.
12 Internet  fraudsters jailed in Makurdi - ITREALMS
The convicts were jailed after pleading guilty to one-count separate charges upon their arraignment by the Makurdi Zonal Command of the Economic and Financial Crimes Commission (EFCC).

COMJAN scowls NMJF over unethical behavior - ITREALMS

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The coalition of Maritime Journalists Association of Nigeria (COMJAN), has scowled in strong terms the unethical behaviour of some maritime media practitioners that go by the name Nigeria Maritime Journalists Forum (NMJF), reports 
ITREALMS.
COMJAN scowls NMJF over unethical behavior - ITREALMS
Arising from an emergency meeting in Port Harcourt the Rivers state capital last week, COMJAN claimed NJMF has continuously made it her stock in trade to carrying out reportage based on unverified, unfounded and baseless speculations aimed to put an undue pressure on their alleged personalities.

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Beclouding eWaste recycling in Nigeria - ITREALMS

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