SON begins quality products campaign

Director General, Standards Organisation of Nigeria (SON), Mallam Farouk Salim, has disclosed that the agency has since commenced a nationwide sensitization campaign on the need to have only standards and quality products in circulation across the country.   He said the campaign is being executed with the Organisation’s relevant and critical stakeholders in the various…

Obaseki parleys Austria Embassy, mulls partnership for solid minerals devt, technical education

…woos Austrian investors to Benin Enterprise Park The Edo Governor, Mr. Godwin Obaseki, has expressed readiness to partner with the Austrian Government in promoting investment in the state’s solid mineral sector and the development of local technical capacity in the sector. The governor said this during a courtesy visit by the Austrian Commercial Counsellor to…

CBN devalues naira to 392 to a dollar

  The Central Bank of Nigeria (CBN) has directed bureau de change operators in the country not to sell dollars higher than N392 to end users. In a circular signed by O.S. Nnaji, director of trade and exchange at the CBN, and dated November 30, 2020, the apex bank said the volume of sales for…

NAICOM issues operational licence to 4 Insurance companies

Philip Clement, Abuja The National Insurance Commission (NAICOM) has announced that it has issued operational licence to four new insurance firms and one reinsurance company in Nigeria. Mr Sunday Thomas, Commissioner for Insurance made this known at the Insurance Industry Consultative Council (IICC) 2020 Media Retreat at Ijebu Ode tagged: Changing Face of Media; The…

Satisfaction to loyalty – The long treacherous road

It’s interesting that alone, not tied to anything else, the words SATISFACTION and LOYALTY have very separate meanings. One means fulfilment of one’s wishes, expectations, or needs, or the pleasure derived from this, while the other alludes to faithfulness to commitments or obligations. But once you use those words in the context of a transaction,…

Volkswagen plans small electric car for the masses

Volkswagen is bringing forward the development of a small electric car for the mass market in anticipation of tougher climate regulations, according to plans seen by Reuters, as it seeks to boost sales in a new green era. Under the project dubbed “Small BEV (Battery Electric Vehicle)”, engineers are racing to develop a purely-battery powered…

Still on the fuel price hike

Nigerians had barely started to recover from the impact of the coronavirus pandemic when they were once again slammed with fuel price hike; BENJAMIN UMUTEME takes a look at the unfolding scenario in this report. Nigerians were greeted with a hike or as the Nigeria Electricity Regulatory Commission (NERC) put it as a cost-reflective electricity…

Obaseki expresses commitment to reposition state-owned newspaper ..Acquires new printing machines

… unveils plan for entertainment hub The Edo State Governor, Mr. Godwin Obaseki has reiterated his administration’s commitment to repositioning the state-owned newspaper, the Nigerian Observer to meet national and international standards. Obaseki disclosed this on Thursday after inspecting the newly acquired printing press machine at the newspaper’s head office in Benin City. According to…