Prime Business AfricaWelcome to the weekend. Here are we have top stories in Prime Business Africa on business and economy, politics, health insights and entertainment.
PBA has a great edition lined up for you: A look at the illogicality of Nigeria destroying illegal refineries without a legal refinery; US 3.7% August Inflation and how prices raise interest rate worries globally; Nigeria’s New Central Bank Governor Nominee and challenge before President Tinubu’s administration’s move to lawfully remove Godwin Emefiele and more interesting reads from Prime Business Africa.
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3 Ways To Lawfully Remove Emefiele Before New CBN Governor Cardoso Assumes Office
Hours after President Bola Ahmed Tinubu approved the nomination of Yemi Cardoso as new Central Bank of Nigeria (CBN) governor, Lagos-based Economic analyst, Rasaq Abiola, has called for caution in ensuring that the tenure of Godwin Emefiele is resolved before the new CBN Governor assumes office.
This, according to him, will ensure that the Nigeria Government does not set a bad precedence in violating the CBN Act and the extant laws regarding removal and appointment of CBN governors. Read more
Nigeria Destroying Illegal Refineries, Yet No Legal Refinery
In a two-minute documentary in early September entitled “War on Crude Oil Theft”, the Nigerian National Petroleum Company Limited (NNPCL) said it found and destroyed 93 illegal pipeline connections and 69 illegal refineries between July 15 and 21, 2023 in the Niger Delta. The NNPC documentary reminded Nigerians about the loss of at least 100 lives to a terrible fire incident in Egbema, Imo State in April 2022 when an illegal refinery went up in flames. These illegalities and avoidable deaths speak to the country’s culture of waste of human capital, natural resources and precious property.
The exploits of NNPCL are at best peripheral, and a fire-brigade approach to solving Nigeria’s notorious cases of oil theft, illegal refineries and pipeline vandalism. Read more
10 Biggest Footballers Who Failed Anti-doping Test And Faced Bans
Doping is generally banned by football and other sports governing bodies, who take intentional steps to ensure it doesn’t occur in the game. One step they take is to get sports stars tested for any trace of a performance-enhancing substance in their system which could compromise the integrity of their skills, their team, and the game at large. Read more
UI Not First
There is a massive value and recognition placed in the word “first” that most times the position alone is more highly celebrated than the impact of a person or institution marked as first.
Accordingly, many writers and scholars have debated on the first university in Nigeria with evidence to back up their claims. Well, “debate and divergence of views can only enrich our history” just like Ibrahim Babaginda once said, and yes, this debate is very necessary to deal with the bones of contention, and then to point to a direction that is beyond just being the first. Read more
Air Peace Boss,Onyema, Hails Aviation Minister’s MRO Initiative
Chairman of Air Peace, Allen Onyema, has applauded the Minister of Aviation and Aerospace Development, Festus Keyamo, for his initiative of ensuring fleet growth is matched with inward investment in maintenance support.
Keyamo has mandated airlines acquiring aircraft to also work with the Original Equipment Manufacturer to set up a maintenance facility locally to service the aircraft. Read more
Nigeria’s False Alarm: Coup Is Not Our Portion!
Arecent viral online survey by an unnamed source saw many participants vehemently reject military takeover in Nigeria even in the face the present hardships. Most of the participants said the uncertainty surrounding military regimes and their almighty powers were reasons to think twice about favouring the military in government again. Read more
Things To Consider Before Quitting Your Job
The uncertainties in labour market, especially in developing countries where unemployment rate is still high, is such that one must carefully reflect, and plan based on viable options on the table. This is to ensure that you make the right decision.
It requires adequate preparation to be able to exit seamlessly in a way that leaves no room for negativity between you and your employer while you also design feasible plan for you next career step. Read more
5 Metrics Of UBA’s Record H1 Profit Surge
United Bank for Africa Plc (UBA) has unveiled its 2023 half-year financial report, showing a meteoric rise in profit. Read more
Studying At Home Or Abroad? – The Choices Before Our Children
Every year, thousands of Nigerian kids apply for student visas at the US embassy, UK High Commissions and other embassies in the country for the opportunity to study abroad. However, many of these applications were declined despite the exorbitant application fees the students had paid. Nigerian students already studying overseas are also facing another kind of challenge. Read more
100 Days After Buhari – Garba Shehu Writes
This week, President Muhammadu Buhari clocked 100 days away from office after completing two terms of four years each as President of Nigeria.
He chose to stay in Daura to be far away from Abuja in order not to distract the new APC administration and in the hope also that the distance would make it possible for him to have a good rest and to care for his farm which had not received as much attention as it needed while he was away. Read more
G20 And Nigeria’s Search For Respect
In spite of its internal contradictions and a chronically weak economy, Nigeria is earnestly searching for international clout. We desire to be respected and treated as a regional superpower. At every opportunity, the government touts our massive land size and huge population and seeks the country’s membership of important global forums. Read more
Slavery Is Not An Option – Pat Utomi
This is a freedom manifesto for the captured people of Nigeria offered in autobiographical form.
Beginning from age 17 as an undergraduate at the University of Nigeria I have rallied resistance against injustice. Read more
Looking At The USA Through The Lens Of Joe Biden
The United States of America as we all know, is a God-fearing country, governed by the most incorruptible and intelligent politicians the world has ever known. That we are lovingly called “God’s Own Country” by the rest of the envious world, is not a misplaced endearment, just look at our current records and the positive impacts we have made in the world. Read more
Google Faces £7 Billion UK Lawsuit For Market Dominance, Price Inflation
In a dramatic twist, Google finds itself entangled in yet another legal battle, this time on British shores. A new lawsuit filed in Britain accuses the tech behemoth of stifling competition in the search engine market and driving up prices throughout the UK economy. Read more
US August Inflation Hits 3.7%, Energy Prices Raise Interest Rate Worries
In a twist of economic fate, US inflation surged to 3.7% in August, breaking its steady decline since June 2022, primarily due to a sharp upswing in energy prices.
This development, though still well below the alarming levels witnessed last year, has ignited concerns about the Federal Reserve’s target rate of 2% and the impending decision on interest rates. Read more
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