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Transporters Back FG’s Railway Revival Project



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  • Transporters Back FG’s Railway Revival Project

Road Transport Employers’ Association of Nigeria says its members are not threatened by the restoration of the nation’s railway system.

The union, which spoke through the Deputy National President (Administration) of RTEAN, Alhaji Musa Muhammed, in Lagos expressed its support for the Federal Government’s railway modernisation projects across the country.

Muhammed, who is also chairman of RTEAN Lagos chapter, said no nation could develop without inter-modal system with the different modes of transportation complementing one another.

He stressed that railway lines could not get to every nook and cranny of the nation, adding that trucks would still be needed to transport goods from railway stations to different destinations.

He particularly described as heart warming the construction of a standard gauge rail line from Lagos to Ibadan, which he said would improve the transportation and the economy of the country.

“Why should we be afraid of railway? We thank President Muhammadu Buhari and the Federal Government for reviving the railway. Look at the Abuja-Kaduna standard gauge which is working perfectly well. For 32 years, the Ajaokuta-Asaba rail was moribund but now it has been revived. You can see what is happening from Lagos to Ibadan. We need to support this government.”

According to him, an effective rail system will address the traffic problem in Apapa as most of the cargoes will be moved by train, leaving the trucks to take care of the intra-city and other short distance trips.

“If there is a rail from Lagos to Maiduguri, the trailers and trucks can move the goods from Maiduguri to any local government. If we have rail from here to Aba, we can deploy trucks to move the goods from Aba to any part of the state,” he said.

He also said RTEAN would support the Bus Reform Project of the Lagos State Government, adding that the association had ordered for new buses, which would be used for the service.

Meanwhile, the leadership crisis rocking the union has been resolved, the deputy national president of the association has disclosed.

Musa confirmed that members of the National Executive Council of the union had unanimously agreed to end the dispute in the interest of the nation.

The association had appointed Osakpamwan Eriyo as its national president while retaining other members of its NEC, he said.

The RTEAN National Secretary, Yusuf Adeniyi, also said that the decision was upheld at the end of an exhaustive deliberation by the national executives of the association.

Musa said. “As I am talking to you, we don’t have any crisis in the association; we are one body now.

“What we need in our organisation now is progress. For that reason, we all decided that we cannot continue to engage in fighting but to work for the progress of the association.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


Dangote Cement Emerges Best Performing Firm In Africa



Prime Real Estate Development At Eko Atlantic City

The Kogi State Chamber of Commerce, Industry, Mines and Agriculture (KOCCIMA) has named the Dangote Cement Plc, Obajana Plant, as the best performing company in Africa.

The award was presented to the company in Lokoja at the weekend by the Deputy Governor of Kogi State, Chief Edward Onoja, who represented the State Governor, Alhaji Yahyah Adoza Bello, at the Annual General Meeting(AGM) of KOCCIMA.

Speaking at the occasion, the President of KOCCIMA, Mr. Victor Ibrahim, said the Dangote Cement emerged through a thorough screening process that involved 20 companies.

He said: “Our screening committee considered many criteria before Dangote Cement Plc was selected”.

According to him, the Chamber put into consideration Dangote Cement’s contributions to the state’s economy through Internally Generated Revenue(IGR), as well as its good relationship with KOCCIMA.

Mr. Ibrahim said another criterion that placed the Dangote Cement in good stead is that the company has been environmentally friendly.

“We’ve visited DCP Obajana Plant and we found it complying with global best practices when it comes to the environment. Your parking lot does not constitute any environmental danger. We also considered returns to investors, the welfare of staff, the 43km Obajana-Kabba concrete road, your good relationship with the host community and your positive image”.

He announced that the Chamber of Commerce was planning to host its Trade Fair by year-end and looking forward to collaborating with the Dangote Cement Plc.

The Deputy Governor Mr. Edward Onoja expressed the appreciation of the Kogi State Government, saying the contributions of KOCCIMA and the private sector were crucial to the development of the state.

Speaking to newsmen on the sideline of the event, representative of the Dangote Cement Plc Mr. Ademola Adeyemi said the company was elated and that the award will further spur it to continue its support to the state’s economy, KOCCIMA and Corporate Social Responsibility schemes.

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MTN Appoints Chika Ekeji as Executive Lead for Strategy and Transformation



MTN Appoints Chika Ekeji, A Nigerian-American as Executive Lead for Strategy and Transformation

MTN Group has announced the appointment of Chika Ekeji, a Nigerian-American national as an executive to lead the strategy and transformation unit of the mobile network operator.

Chika has a Master of Engineering in Computer Science from Cornell University and an MBA from MIT.

He will be leaving from McKinsey & Company, where he led the West Africa Digital Practice and served telco, financial services, and public sector clients across Africa.

His appointment with Africa’s leading mobile operator will be effective on, 15th of March. In his new role, he will be based in SA.

“We are very pleased that Chika is joining us as we work to accelerate our strategic repositioning,” says MTN Group chief operating officer Jens Schulte-Bockum.

To support the execution of the repositioned strategy, Ekeji joins a group of other recent appointees, including the new group chief financial officer, Tsholofelo Molefe.

In recent weeks, MTN also made changes to the group’s regional structure and the executive committee.

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Union Bank Unveils Multi-Asset Trading Platform M36



Union Bank Unveils Digital Investing Platform, M36

A new digital platform designed to deliver a wide range of investment products directly to individuals and other investors, M36, has launched in Nigeria.

Through an innovative, user-friendly app, M36 offers investment options not typically available on self-service digital platforms including foreign currency transactions, commercial papers, local and foreign-denominated bonds, treasury bills and other fixed-income products.

M36 also offers bespoke solutions for both new and experienced investors as well as a 24-hour lifestyle concierge service to meet the needs of discerning customers.

In a rapidly evolving environment with changing consumer behaviour fueled by technology and growing access to information, M36 is looking to expand opportunities for investors at all levels, while also simplifying the process of investing.

M36 was developed by Union Bank as part of its strategic focus on delivering superior customer solutions leveraging technology and innovation. The bank partnered with several asset management companies to deliver a broad range of investment products on the M36 platform.

Speaking about this, Mr. Chuka Emerole, Head, Treasury at Union Bank said, “M36 eliminates the traditional barriers to investing and offers investors direct access to financial instruments that would usually require the service of an investment or relationship manager.

“We’ve designed M36 to ensure simplicity in the onboarding and investing process while also empowering the customer to make sound investment choices based on their financial objectives.

“We worked with key partners to deliver both the experience and products on M36 and are confident that we have launched a superior product in today’s marketplace”.

With the 24-hour concierge service, M36 users can access round-the-clock support from investment advisors as they actively manage their portfolios.

The bank said the M36 was a timely financial product meant to keep abreast with the rapidly evolving environment and changing consumer behavior that is fueled by technology and growing access to information.

The M36 is also part of the UBN’s strategic focus on delivering superior customer solutions by leveraging technology and innovation. The bank partnered with several asset management companies to deliver a broad range of investment products on the M36 platform.

M36 also offers loans, personal travel allowance, will and trust services and many more essential products under its Life Essentials menu.


M36 is available for download on the App Store and the Google Play Store.

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