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Naija This Morning: NCDMB To Establish Local Content Bank & Other News

Top News Update 27/07/2017

1. Osinbajo inaugurates new ministers

2. NCDMB to establish Local Content Bank

3. Edo targets 2,000mw of electricity for industrialisation

4. Kaduna, Enugu, other airports get new navigational facilities

5. NAFDAC, others seek compliance to breast milk code, lactation rooms

6. Nigeria’s active telephone lines reduce by 2.3 million in June

7. Fidson Healthcare gets shareholders’ approval for N6bn capital raise

8. Diamond Bank appoints Babade as director

9. Customs break revenue record, generate N486bn in six months

10. 9Mobile: Olusanya Visits NCC, Seeks Concession on Spectrum Allocation, Interconnect Rates


Osinbajo Inaugurates New Ministers

The Acting President, Yemi Osinbajo, on Wednesday finally inaugurated Stephen Ocheni (Kogi) and Suleiman Hassan (Gombe) as ministers over two months after their nominations were confirmed by the Senate. The inauguration took place inside the Council Chambers of the National Assembly at the commencement of the weekly meeting of the Federal Executive Council. Shortly after administering their oaths of office on them, Osinbajo announced that their portfolios would be announced “shortly.” 


NCDMB To Establish Local Content Bank

The Nigerian Content Development and Monitoring Board (NCDMB) is to establish Local Content Bank of Nigeria. The bank when set up will focus on establishment of facilities for domiciliation of services with emphasis on optimal use of local resource input. Executive Secretary of NCDMB, Mr. Simbi Wabote, gave the hint at a public hearing conducted by the Joint Senate Committee on Petroleum Upstream and Gas in Abuja yesterday,  with the intent to determine the extent of compliance with the Nigerian Content Act and utilisation of the Nigerian Content Development Fund (NCDF). 


Edo Targets 2,000mw Of Electricity For Industrialisation

The Edo State Government says it is targeting about 2,000 Mega Watts (MW) of electricity from the Ihovbor and Azura power plants as part of efforts to boost industrial activities in the State. Edo State Governor, Mr. Godwin Obaseki, stated this when he received the management team of the Niger Delta Power Holding Company (NDPHC) who paid him a business visit in Benin City at the weekend.


Kaduna, Enugu, Other Airports Get New Navigational Facilities

The Nigerian Airspace Management Agency (NAMA) is to deploy new aircraft navigational facilities to replace obsolete ones at the Kaduna, Jos, Enugu, Port Harcourt, Lagos, Abuja and Benin airports, says Director, Safety Electronics and Engineering Services (DSEES) of the agency, Mr. Umar Ahmad Faruk. Faruk also said NAMA is reconfiguring its facilities to tap into renewable energy sources, with solar power installations now the policy for all navigational and communications field equipment. According to him, NAMA is determined, by the end of 2018, to ensure that all its equipment are solar powered. He noted that the process of conversion, modifications and testing are already in full gear. 


NAFDAC, Others Seek Compliance To Breast Milk Code, Lactation Rooms

The National Agency for Food and Drug Administration and Control (NAFDAC) has called for national laws and regulations to enforce strict compliance of the International Breast Milk Substitute (BMS) code by manufacturers and marketers of infant formula. The World Health Assembly (WHA) adopted the Code in 1981 as a global health public strategy to protect breastfeeding from aggressive promotional campaigns by milk formula manufacturers. The Code recommends restrictions on the marketing of breast milk substitutes, such as infant formula, to ensure that mothers are not discouraged from breastfeeding and that substitutes are used safely if needed, as law to ensure compliance of the Code in Nigeria mandates the agency.


Nigeria’s Active Telephone Lines Reduce By 2.3 million In June

The Nigerian Communication Commission, NCC, says the number of active lines have decreased from about 144.9 million in May to 142.6 million in June. This is made this known in NCC’s monthly Subscriber/Operator Data made available on its Website. The NCC said that the figure showed a decrease by 2.289 million subscribers in June. The Code Division Multiple Access, CDMA, had 217,566 users in June same with the result in May.


Fidson Healthcare Gets Shareholders’ Approval For N6bn Capital Raise

To expand its operations, off-set existing loans, and position the company for international operations, Fidson Healthcare Plc, has concluded arrangements to raise about N6 billion in fresh capital. To this end, the indigenous pharmaceutical firm quoted on the Nigerian Stock Exchange (NSE) has obtained shareholders’ approval to raise the needed fund either by way of rights issue, public offer or private/special placement of shares at a date to be determined by its board of directors.


Diamond Bank Appoints Babade As Director

Diamond Bank Plc has appointed Dele Babade, an Advisor to Carlyle Group’s sub-Saharan Africa Fund, to its Board of Directors to replace Carlyle Group’s existing representative Genevieve Sangudi, who has served on the board since 2013. Juliet Anammah, a retail and eCommerce specialist and Aisha Muhammed-Oyebode, a CSR and community expert, will also join Diamond Bank’s board as Non-Executive Directors to help develop the board’s expertise and diversity.


Customs Break Revenue Record, Generate N486bn In Six Months

The Nigeria Customs Service has recorded a revenue figure of N486bn from January to June, as against the N385bn realised in the same period in 2016. The Public Relations Officer, NCS, Mr Joseph Attah, gave the figure on Wednesday in Abuja. Attah said that the service also recorded 3,798 seizures with a Duty Paid Value of over N7bn from January to June. The spokesman said that the agency made a seizure of 3,106 with a DPV of over N4bn within the same period in 2016.


9Mobile: Olusanya Visits NCC, Seeks Concession On Spectrum Allocation, Interconnect Rates

The Chief Executive Officer of 9Mobile, Mr. Boye Olusanya, on Monday led a team of senior management staff of 9mobile to visit the telecoms industry regulator, Nigerian Communications Commission (NCC), where he demanded that special consideration be granted 9mobile in the areas of spectrum allocation, interconnect rates, data floor price, concessional foreign exchange access, among others. According to Olusanya, the concession, if granted, would help the telecoms company to shore up its revenue and meet its financial obligations accordingly.


Naija This Morning: NCDMB To Establish Local Content Bank & Other News was last modified: July 27th, 2017 by Obiageli Asika