NECSEF’s aspiration is to be the one stop organisation and preferred gateway for conducting business in Nigeria by Egyptians, providing trust and the ability to engage with highly influential people who can provide access and market intelligence into every aspect of the Nigerian market.

NECSEF organised its first conference in collaboration with Nigeria Embassy in Cairo, and strategic partners Egyptian African Businessmen’s Association (EABA) on the 10^th – 12^th October 2022 to a roaring success.

The conference titled Nigeria – Egypt Trade Conference & B2B Meeting attracted over 300 high level business leaders and government officials. The event took place at the conference halls of the stunning St. Regis hotel Almasa, in the new federal capital territory, Cairo Egypt.

The idea for the conference according to Mr. Mahmood Ahmadu, chairman of NECSEF and OIS, the main organisers, was to strengthen bilateral trade relations between the two largest African economies, Nigeria and Egypt with the aspiration to boost trade from the current of circa $180 million US.

The NECSEF chairman Mr Ahmadu and Dr Yousry El Sharkawi EABA chairman made a joint announcement that an agreement of $30 million dollars was signed during the conference as part of strengthening bilateral relations.

Nigeria is Africa’s most populous country with over 225 million people, and Egypt is the third most populous country in Africa with over 104 million people. Egypt enjoys a mixed economy strong in tourism, agriculture, construction, fossil fuels with an emerging ICT sector.

Nigeria on the other hand has a mixed economy focused upon petroleum, and a growing agriculture sector, it also has an emerging market with expanding technology, service, financial and communications sectors.

There is great demand in Nigeria for Egyptian products and it’s really a promising market for Egyptian investments with some great Egyptian companies already operating in Nigeria.

A great percentage of Nigeria’s exports to Egypt are petroleum and gas products followed by agricultural commodities.

The objectives of the conference in part was to reach a new and viable vision with a view of mobilizing the private sector, civil society and business community of both countries to increase trade and actively participate in African development.

The well attended event was spaced out over three days; with the first day being the main conference with many high level speakers, attended by government leaders, senior members of several diplomatic missions, and leaders from the business sector.

The second day was a highly interactive B2B session, matchmaking several sectors with hundreds of the delegates where Nigerian and Egyptian business people participated in pitching and introducing their various businesses.

The third day was all about tours and external visits to some of Egypt’s most iconic centers. Delegates chose from one of two tour options, either a visit to the world famous Suez Canal Economic Zone, an innovative and self-sustaining industrial development and commercial hub, or the world class International Medical Center, a military hospital that is one of the largest in the Middle East.

The dignitaries who graced the event included Governor Nasir El-Rufai of Kaduna State, Minister of Water Resources Suleiman Adamu, Minister of State Works and Housing, Minister of State Industry, Trade and Investment, Ambassador Mariam Katagum, H.E Nura Abba Rimi, Nigerian Ambassor in Egypt, Mr Anthony Nwachukwu, Vice President of Innovate 1 Pay, Mr Babatunde Irukera, CEO Federal Competition & Consumer Protection, Mr Khalifa Abdullahi, Chairman KK Kingdom Group, Dr Kassim Gidado from Nigeria Arab Gulf Chamber of Commerce.

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Also in attendance was Dr Yousry El-Sharkawi, chairman Egyptian African Businessmen’s Association (EABA) Walid Gamal El Din, Chairman of the General Authority Economic Zone, Suez Canal, Dr Sherif El-Gabaly, chairman African Affairs, Egyptian House of Representatives, Eng. Ahmed Sameer,

El-Gabaly, chairman African Affairs, Egyptian House of Representatives, Eng. Ahmed Sameer,

Egyptian Ministry of Trade & Industry, Mr Walid Jamal Eldin, chairman of the Egyptian Nigeria Business Council among many others.

There were senior representatives from Nigeria Export Promotion Council, Nigeria Investment Promotion Commission, Nigerian Ministry of Foreign Affairs, African Export & Import Bank (Afreximbank), PWC, AFDB and others.

Source – https://www.vanguardngr.com/

Source –

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He said: “Our computerized cash which is labeled e-naira will unquestionably come into activity in October and we are buckling down for this.

“We accept exchanges will be less expensive and more productive as there will be less clash.”

He said the economy is going computerized and “money can’t play in that space,” adding that “e-naira which will address what could be compared to money will be utilized as fiat cash for exchanges”.

On how the e-naira will function, Emefiele said: “In the event that you decide to change over a portion of the naira in your record to e-wallet or advanced money, we will uphold that.

“At the point when this beginnings the CBN will move a portion of the equilibriums in CBN to those banks into advanced money. You go to your bank, you choose to move N2 million from the N10 million you have in your record to advanced cash they will charge your record and move it into your e-wallet.

“Then, at that point you have N2 million computerized money which you can spend across nations”.

He noticed that “the utilization of money is declining everywhere,” taking note of that “with the appearance of computerized cash, an ever increasing number of individuals are embracing the utilization of electronic cash to work with little trade”.

He said cryptographic forms of money are private monies that are not controlled, accordingly utilizing them is an individual choice.

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“on the off chance that you choose to utilize them, it implies you are facing your challenge. On the off chance that you bring in your cash, we will wish you best of luck however in the event that you lose your cash, we will giggle at you,” he said.

Toward the finish of the MPC meeting, individuals from the Committee chose by a consistent vote to hold the Monetary Policy Rate (MPR) at 11.5 percent; hold the hilter kilter passageway of +100/ – 700 premise focuses around the MPR; hold the CRR at 27.5 percent, and hold the Liquidity Ratio at 30%.

Emefiele said: “The MPC was charmed that swelling had started to drift downwards, while yield development had stayed positive.

“The Committee, in any case, was of the assessment that there was a need to keep on setting up arrangement estimates that will further and quicker drive down expansion, while simultaneously speed up yield development to levels above populace development rate”.

MPC, he said, accepts “that there is the need to keep on utilizing its apparatuses that had been received up until now, even in a more forceful way.”

“The MPC, accordingly, urges the CBN to keep utilizing its current authoritative techniques to get control over expansion by the utilization of its optional Cash Reserve Ratio (CRR) strategy to wipe up liquidity from the banking framework as the need emerges,” Emefiele said.

Source – https://thenationonlineng.net/

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It opened at 7,901 ZAC and closed at 8367, a jump of 5.30 per cent.

On the Lagos bourse, the announcement did not make any major impact as the stock closed at N116, the same price as on Thursday. On Friday 4,718,922 shares valued at N549,173,548 exchanged hands.

Nigeria is MTN’s biggest market, with roughly 60 million users.

Malami’s office and MTN Group issued two separate statements on the decision.

In a letter filed with the Nigerian Stock Exchange, MTN said the government had decided to drop its case and refer the issue to tax and customs authorities “with a view to resolving contentious issues”.

“We are very pleased with the decision of the (attorney general) and we commend him for his wisdom,” MTN Nigeria’s Chief Executive Ferdi Moolman said in a statement.

In a statement, the office of Attorney General Abubakar Malami said the decision “demonstrates unflinching commitment to the rule of law where all statutory agencies will be allowed to independently work with a view to fulfilling their mandates.”

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Malami had ruled that the firm owed taxes relating to the import of equipment and payments to foreign suppliers from 2007 to 2017.

The company, whose local unit listed on the Nigerian Stock Exchange last year, said at the time that it would sell more shares to the public and increase local ownership once the tax row was resolved.

MTN has a contentious history with Nigerian authorities.

In 2015, the communications regulator handed MTN a $5.2 billion fine https://reut.rs/36IFw61 for failing to disconnect unregistered SIM cards. MTN eventually reached a deal in which the fine was cut to $1 billion.

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In August 2018, MTN’s shares fell by more than 20% after the central bank demanded the company repatriate $8.1 billion that it said the company had illegally sent abroad.

MTN agreed to pay $53 million to settle the case.

Source – https://www.pmnewsnigeria.com/

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A week after the senate introduced a bill to regulate social media, the senate reintroduced another bill seeking to establish a commission for the prohibition hate speech in the country.

The bill prescribed death by hanging for any person found guilty of any form of hate speech that results in the death of another person.

But in a piece on Friday, the scholar wondered why killing should be seen as an alternative to the scourge of hate speech.

“Dear legislators, consider more deeply the path on which you have chosen to embark. I invite you to reflect quite objectively on the company into which you are about to throw yourselves, and the consequences for the very nation you represent – including its social psyche,” Soyinka said.

“Your motivations are also spectacularly dubious. Silencing the voices of criticism is a perennial preoccupation of power, but we know that a far more penetrative form of death, spelling the end of social vitality and relevance is incurred when human voices are silenced.”

He asked the lawmakers to imagine how many “deserved” executions would be taking place in the country if Boko Haram had succeeded in implementing its laws across the country.

The letter below:

I hope you will excuse me for distracting you from your onerous duties, but I am a current sufferer – and I am not alone – from a persistent nightmare. That affliction has been induced by your most recent approach to addressing an acknowledged problem that affects, not only Nigerians, but the entire global community. The nightmare consists of the fear of waking up one morning to discover that one’s name has been cited among those helpless victims on behalf of whom a repellent legislation is about to be enacted.

The likelihood in my case is especially acute. Yes, indeed, it is no Fake News that I have denounced the purveyors of public lies and hate material as the very scum of the earth. I have called them names that come close to enrolling me among the very reprobates we all so fervently denounce. From Abuja, through Paris, London, Sochi, Dar es Salaam, Chandrigah, etc. etc., I have utilized every available platform to highlight their perverse mentality and call for concerted action against their hyper-activism against humanity in general. I have singled out the Nigerian species of this criminal pursuit as an especially virulent breed, as a subhuman aberration without conscience, incapable of remorse, sustained by abnormal reserves of sadism. I have closed down dozens of fake sites instituted over my name, and set in motion mechanisms for the pursuit of those who steal my identity, even where the content is quite harmless, even positive. Only recently, in Paris, I proposed that judicial mitigation under the recognition of crime passionnel should be considered forvictims of Fake News who ‘lose control’ on physically encountering their violators. As you may have discerned so far, I again, and unapologetically, exploit this very development to reiterate my detestation and contempt for such pestilences that plague our humanity.

However, dear legislators, consider more deeply the path on which you have chosen to embark. I invite you to reflect quite objectively on the company into which you are about to throw yourselves, and the consequences for the very nation you represent – including its social psyche. You are about to corrupt youthful impression, to join the brigade of closet psychopaths for whom the only solution to any social malaise from the trite to the profoundly affective is – Kill! Is this what humanity and society are all about?

You are psyching up your ranks to pronounce yourselves affiliates of inhuman aberrations such as Boko Haram, Isis (Da’esh), al Shabbab , nomadic cow herders etc. etc. for whom killing is the only response for real or imagined wrongs, perceptions of entitlement and/or deprivation, sense of righteousness and generally – concept of a thoroughly sanitized community of mortals. You are sending out applications to join the ranks of those inadequate males who believe that the only cure for adultery is to bury a woman up to her neck in earth and reduce her head to a pulp under a rain of stones. You affirm yourselves – not for the first time, alas! –allies of those who believe that death is the appropriate cure for that physiological conditioning which, through no fault of theirs, attract them to others of the same sex. You pronounce yourselves clones of demented rulers like Yahayah Jahmeh of Gambia who preached that we all cut off the heads of homosexuals and poison alleged witches -– and so on and on down a dismal list of silent, instinctive killers who have somehow managed to manipulate themselves into the corridors of ‘legitimatized’ — or illicit recesses of – Power and Force.

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By the way, are you aware that a school of thought passionately believes that thieves such as Yahayah Jahmeh, formerly of Gambia, Omar Bashir of the Sudan etc in company of numerous members of African leadership elite, including this very Nigerian society, deserve no less than the death penalty for pilfering public resources, and on a scale that continues to stagger even the most inured in this nation? Do you really, as presumably analytical minds believe that a facile and final recourse to the gallows or a fusillade of bullets at the stake, is the sole remedy to the phenomenon of the diffuse classifications possible under the abuse of communication and the sowing of hate among people? How precise is the definition of ‘hate’ when it becomes a yardstick for the extinction of even one human life? Haunting, hopefully, our collective conscience as a nation, even till today, is recollection of a clique of social army reformers who instituted, and carried out the execution citizens under a retroactive law. Yet others wiped out entire communities as collective punishment for the loss of members of their elite class, the military. And surely it is too soon to dismiss memory of the mass decimation of a religious group, the Shi’ites, for obstructing the passage of a motorcade of that same elite class. These are classic instances of murder, albeit under the immunity of power legitimation.

Your motivations are also spectacularly dubious. Silencing the voices of criticism is a perennial preoccupation of power, but we know that a far more penetrative form of death, spelling the end of social vitality and relevance is incurred when human voices are silenced. Try and imagine how many “deserved” executions would be taking place in this nation right now – beginning with nearly all of you in the exalted homes of legislation – if Boko Haram had succeeded in subjugating this nation under its creed. Well, do not even bother with imagination, which is not as common a faculty as we tend to assume – simply check with neighbouring Mali how many, convicted of crimes against faith, Mr. Answar Dine eliminated during his brief sway in northern Mali. Or remain within this nation itself — check the statistics of death inflicted from indiscriminate bombings of the thriving concourses of humanity – schools, markets, motor parks, media houses, churches, mosques, shrines by believers in the doctrine of death as divine solution to the very crime of existence outside their narrow and perverted set of beliefs. Consider the fate of Uganda if Joseph Kony had indeed succeeded in his mission of converting Ugandans to his doctrine of – Salvation or Death!

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Source – https://dailytimetv.com/

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According to Transparency International, the 2018 CPI ranking draws on 13 surveys and expert assessments to measure public sector corruption in 180 countries and territories, giving each a score from zero (highly corrupt) to 100 (very clean). 

Despite Nigeria’s upward movement in the new ranking, the country’s CPI score did not improve from the 27 points that it scored in the 2017 ranking, making it drop from 136th position.

While Côte d’Ivoire and Senegal were identified as significant improvers in the new CPI ranking, Nigeria was listed as a country to watch alongside Angola, Botswana, South Africa and Kenya.

TI’s report noted that despite President Muhammadu Buhari‘s positive steps to combat corruption, they have not yielded desired results.

The report read, “Nigeria’s Buhari administration took a number of positive steps in the past three years, including the establishment of a presidential advisory committee against corruption, the improvement of the anti-corruption legal and policy framework in areas like public procurement and asset declaration, and the development of a national anti-corruption strategy, among others.

“However, these efforts have clearly not yielded the desired results. At least, not yet.”

President Buhari’s anti-corruption fight has been plagued with allegations that he’s being partisan and shielding his close associates from the law while aggressively targeting people in the opposition.

With the 76-year-old seeking re-election in the February 16, 2019 presidential election, he has ramped up on his promise to jail looters and ensure they return stolen loots to the nation’s treasury.

Read more at:

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The self-dubbed Ibo Boy has endured many battles since he made his industry move with life throwing different challenges across his path, but he remains steady, five albums and a mixtape done, delving to the big screen with the movie, ”King of Boys”, and a sixth album on its way, iLLBliss stays confident reflecting on a career that he says has been full of peaks and valleys.

In this exclusive interview with Pulse, iLLBliss traces back the years, speaks on his upcoming projects and shares his thought on the rap scene.

Getting to interview iLLBliss for me was a big deal, he was one of those rappers I followed keenly as a member of the Breds in my early affinity with Nigerian hip-hop and shaking hands with him just as we got into some quick talk before the interview, this was a fulfilling moment, seeing an idol in the form that my mind had pictured.

He was a member of the rap affiliate, Da Thoroughbreds, whichwas a truly diverse crew of rappers made up of Tochukwu Nwosu aka Elajoe, Bright Nwagor better known as B Elect, Obiora Nwokolobiagu (Obiwon) and Tobechukwu Ejiofor aka iLLBliss and Amaka Nwosu aka Da Chief Rocka, sister to Elajoe and the first lady of the crew.

Five albums after, Dat Ibo Boy (2009) to Oga Boss (2012), Powerful (2015), illygaty:7057 (2016), illy Bomaye (2017), Illy has settled into his space and with the upcoming album illy Chapo, set to complete the illy album trilogy, he admits this is yet another indication of

Read more at:

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According to Vanguard, the beneficiaries of the scholarship will study at Nexford, an American university.

Ezekwesili made this known is a post on Twitter on Friday, January 11, 2019.

The ACPN presidential candidate also revealed that she recently joined the university’s Global Advisory Board.

Speaking on the latest development, the Bring Back Our Girls (BBOG) co-convener said “More work must go into widening access and opportunities for women to level the gender playing field. I believe Nexford scholarships will empower more women to study for degrees and equip future leaders with the skills they need to shape our society. 

“I hope recipients of the scholarship have a multiplier effect and encourage learners from any socio-economic background to earn degrees. I look forward to strong academic partnerships and research collaboration between Nexford and our Nigerian universities in furtherance of global competitiveness of our country.”

In his remarks, the Chief Executive Officer (CEO) of Nexford, Fadl Al Tarzi said that the scholarship will help grow the economy of Nigeria.

He added that “Africa’s most populous country is one of Nexford’s key markets. A college degree will boost earnings by more than 20 per cent in sub-Saharan Africa, according to the Economist’s analysis of World Bank Data. By bringing globally affordable, high-qualitative education to Nigeria we hope to play our part in spurring economic mobility.”

Oby Ezekwesili also said that she will mentor all the beneficiaries of the Nexford University scholarship.

Source:

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Onnoghen, who has been accused of failing to declare his assets and operating several domiciliary bank accounts, will be arraigned before the Code of Conduct Tribunal (CCT) on Monday, January 14, 2019.

According to The Cable, problem started for the CJN when a group known as the Anti-Corruption and Research Based Data Initiative (ARDI) wrote a petition against him.

Reacting to the report, Atiku said Nigerians will resist any attempt to silence the judiciary.

The PDP presidential candidate also accused President Buhari of planning to get a new CJN who will do his bidding.

Atiku revealed that Dennis Aghanya, the Executive Secretary of the ARDI, the group that wrote the petition against Onnoghen, was the spokesman of the Congress for Progressive Change (CPC), Buhari’s former party before the merger that formed the All Progressives Congress (APC).

The presidential candidate said that there will be an epic battle if Buhari and the APC succeed in removing Onnoghen.

Atiku also faulted the Code of Conduct Bureau (CCB) for reportedly transferring the CJN’s case to the CCT, adding that the power to punish erring judicial officers rests on the National Judicial Council (NJC).

“The proper procedure would have been for the petition to be referred to the JSC of which Onnoghen is the Chairman, but he would have to excuse himself from the process. If found guilty, he could be asked to vacate his office as CJN, in addition to other punishments,” he added.

According to Daily Post, Atiku said “We have just been made aware of the plot by President Muhammadu Buhari the All Progressives Congress (APC) to sack Justice Walter Samuel Nkanu Onnoghen using flimsy assets declaration issues as a pretext. We are aware that there are plans to arraign Justice Onnoghen before the Justice Danladi Yakubu Umar led- Code of Conduct Tribunal on Monday, January, 14, 2019. The charge against Onnoghen, we understand has already been filed and served on him last Friday at his official residence in Abuja preparatory to his appearance at the Tribunal.

”But we warn that despite the clandestine meetings in the highest echelon of the APC and also involving some top officials of the federal government which include the Code of Conduct Tribunal, neither Buhari nor the APC can re-write the Nigerian Constitution just because of its impending defeat at the February 16, presidential election. Heavens did not fall when PDP lost to the APC in 2015. And heavens will not fall now that the APC is sure to lose to the PDP, seeing that the APC’s plan to rig in the forthcoming elections will not pull through.

Source:

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The General Aviation Terminal (GAT) of the Murtala Muhammed Airport (MMA), Lagos, recorded 228,239 passengers in December 2018, thereby maintaining its status as the busiest domestic airport in the country.

Of the 228,239 passengers recorded within the period, inbound passengers stood at 104,168, while outbound passengers were 124,071.

The statistics is, however, not inclusive of the Murtala Muhammed Airport Two (MMA2), Lagos, which is controlled by Bi-Courtney Aviation Services Limited (BASL).

The statistics was made available by Adekunle Aderibigbe, the Terminal Manager of GAT.

Aderibigbe noted that before the festive season, the management of the terminal took several measures aimed at ensuring seamless passenger facilitation by servicing the conveyor belts, cooling systems and screening machines. He said the upsurge in passenger traffic was envisaged, hence it worked towards seamless movement for passengers, while some flights were moved to a less busy terminal for easy passenger facilitation.

“We have two terminals here, the Zulu and Alfa. What we did was to move some flights from the busy terminal to the less busy terminal for passengers’ comfort. Calabar, Port Harcourt and Uyo flights were moved to the Zulu terminal to ease the Alfa traffic where Air Peace operates from,” he said.

According to Aderibigbe, the Agege motor road construction work almost marred free flow of traffic at the airport, as the construction work had a spill-over, which affected domestic airport users. He, however, noted that it was carefully handled by officials of the Federal Airports Authority of Nigeria (FAAN) at the terminal end.

“The only challenge was the construction work on the Agege motor road, as passengers found it difficult to to move out of the terminal to connect to Agege motor road. The traffic extended to the terminal and passengers expressed bitter experiences during the Yuletide period,” he said.

The terminal manager also revealed that the automation of the domestic car park by FAAN early last year brought sanity to the area as some people who were not travellers took undue advantage of the non-automation of the park to leave their vehicles there. He said with the billing system introduced, the number of vehicles at the park had gradually reduced through proper monitoring.

While acknowledging the small size of the domestic car park, he explained further that there was a plan by FAAN management to construct a new multi-storey car park at the domestic wing, noting that when completed, it would ensure decongestion of traffic at the terminal.

Source:

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A leaked audio recording in which the minister of transportation, Rotimi Amaechi allegedly described Nigeria as helpless and hopeless has surfaced online.

According to Premium Times, the recording was released by the campaign team of the presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar.

Reno Omokri, the former new media aide of former President Goodluck Jonathan had earlier released a part of the recording on Twitter.

In the leaked audio, Amaechi allegedly said that President Buhari does not listen to anybody.

According to The Cable, the minister reportedly said “This country can never change, I swear. The only way this country can change is in a situation where everybody is killed.“This country is going nowhere. When Magnus (Abe) was secretary to the Rivers State Government (SSG), I told him that this country is hopeless and helpless and he told me, ‘Oga, stop it’. This cannot be coming from a governor.

“But two months in Abuja, Magnus came to meet me and said, I agree with you; this country is hopeless and helpless. All they do in Abuja is to share money.

“I have already written to the governor of Katsina state and I don’t know why he has not replied to give us the land in Daura for a university in Daura. The next university would be in my village. There is a popular saying while we were growing up, that charity begins at home. Will my own begin abroad?

“The president does not listen to anybody. He doesn’t care. You can write what you want to write. Does he read? I was flying with him in the aircraft and we saw a news report where a goat seller was complaining that he couldn’t sell his goats during Sallah because of Buhari’s administration. And the president said what my business with goat sellers is?”

Premium Times reports that Atiku’s media aide, Phrank Shaibu revealed that Amaechi made the comment while interacting with some journalists.

Shaibu said the leaked audio has shown that those working with President Buhari does not believe in him.

He said “The President should just quit honourably instead of wasting tax payers monies on a failed reelection bid.

“The truth is that, the other day, the President confessed that the economy had collapsed under his watch.

“On another occasion , the wife confessed to the fact that, the cabal and not her dearest husband, President Buhari was in-charge of the country and now, the Director General Of his re-election campaign has confessed to the lack of capacity of President Buhari and the dismal failure of hid administration.

“Truth is, the President has established a record of failures which probably no other President would ever equal or erase. Mrs Aishat Buhari was partially correct when she stated that two people are preventing her husband from performing well. With this audio tape, if the two don’t include her husband then she is not completely being truthful.”

According to a tweet by Omokri, Tolu Ogunlesi, the head of Digital Communication at the presidency admitted that the voice on the recording is indeed Amaechi’s.

Source:

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