Court adjourns hearing of suit seeking to restrain Senator Yayi from representing Ogun West, till July 13

Court adjourns hearing of suit seekinA Lagos Federal High Court, today, adjourned the hearing of the suit seeking to restrain Senator Adeola Olamilekan Solomon, popularly called Yayi, from representing Ogun West Senatorial District of Ogun State, till July 13, 2022. The adjournment was sequel to an application filed by some constituents of Lagos West Senatorial District, who approached the court today and sought to be joined as defendants in the suit filed against the Senator, by some aggrieved members of All Progressive Congress (APC). The plaintiffs in the suit against…

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IATA tasks governments on incentives to increase SAF production

The International Air Transport Association (IATA) has called for governments to urgently put in place large-scale incentives to rapidly expand the use of sustainable aviation fuels (SAF) as aviation pursues its commitment to achieving net zero carbon emissions by 2050. To fulfil aviation’s net zero commitment, current estimates are for SAF to account for 65 percent of aviation’s carbon mitigation in 2050. That would require an annual production capacity of 449 billion liters. Investments are in place to expand SAF annual production from the current 125 million liters to 5…

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Influence of emerging tech on economy and Nation-building

New technologies have over time proven to create opportunities for nation-building and economic growth as they have a direct influence on every sector of the economy. The use of technology facilitates the efficient production of more and better goods and services, which is what economic prosperity depends on. One often wonders what the influence of technology on economics is, and in what ways it has influenced economics and nation-building. Christopher Bond gave a quote a long time ago, that answers these two questions. Bond said, “Advances in technology will continue…

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More winners emerge in Stanbic IBTC Reward4Saving promo

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings recently held the May draws of its ongoing Reward4Saving Season 2 promo at the Stanbic IBTC Head office on Walter Carrington Crescent in Victoria Island Lagos. The second edition of the Reward4Saving promo themed “Bigger and Better”, encourages Nigerians to imbibe a savings culture. By saving N10,000 in their Stanbic IBTC bank account or @ease wallet for at least 30 days, customers stand a chance to win various cash prizes. Speaking at the live draws where 70 customers won N100,000 naira…

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IATA calls for government support for safer transport of Lithium Batteries

The International Air Transport Association (IATA) has called on governments to further support the safe carriage of lithium batteries by developing and implementing global standards for screening, fire-testing, and incident information sharing. As with many products shipped by air, effective standards, globally implemented, are needed to ensure safety. The challenge is the rapid increase in global demand of lithium batteries (the market is growing 30 percent annually) bringing many new shippers into air cargo supply chains. A critical risk that is evolving, for example, concerns incidents of undeclared or mis-declared…

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Interswitch, Compass Plus Technologies partner to ease payments across Africa

Interswitch, Africa’s leading integrated payments and digital commerce company, and Compass Plus Technologies, an international provider of retail banking and electronic payments software, have announced a partnership to further strengthen Interswitch’s payment card processing capacity in Africa. The strategic partnership will see Interswitch utilise TranzAxis, an award-winning, token-based, cloud-native and API first open development payments platform developed by Compass Plus with innovation at its core, for Verve, Visa and Mastercard credit card processing. This collaboration forms part of Interswitch’s comprehensive response to the evolving and constantly expanding demand by the…

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Stanbic IBTC urges women to engage in wealth building investments

Stanbic IBTC Holdings PLC, a member of Standard Bank Group has called on women to engage in wealth building investments for the collective progress of their finances and businesses. The Bank said the call isbpart of efforts to continually advance women entrepreneurs in Nigeria. This was disclosed at the Women in Management, Business and Public Service (WIMBIZ) June 2022 Roundtable Session themed: ‘The Woman and Her Money: Empowerment through Business, Trusts, Private Banking, StockBroking, and Insurance’. The Women in Management, Business and Public Service (WIMBIZ) is a non-profit organisation focused…

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IATA urges governments to work closely with aviation industry for safe rollout of 5G Networks

IATA urges governments to work closely with aviation industry to ensure safe rollout of 5G Networks The International Air Transport Association (IATA) has urged governments to work closely with the aviation industry to ensure that aviation and incumbent aviation safety systems can safely co-exist with new 5G services . While IATA recognizes the economic importance of making spectrum available to support next generation commercial wireless telecommunications, maintaining current levels of safety of passengers, flight crews, and aircraft must continue to be one of governments’ highest priorities. The call came as…

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