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Zenith Bank Appoints Dr. Juliet Ehumuan As Non-executive Director

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The Board of Directors of Zenith Bank Plc has appointed Dr. Juliet Ehimuan as a Non-Executive Director of the bank effective August 29, 2023.

The appointment, which was announced in a statement to the Nigerian Exchange (NGX) Limited on Tuesday, August 29, 2023, has also be confirmed by the Central Bank of Nigeria.

Dr Juliet Ehimuan is the Founder and CEO of Beyond Limits and the immediate past Director of Google West Africa.

She was named by Forbes as one of the top 20 power women in Africa, by the London Business School as one of 30 people changing the world, and as one of the Most Influential People of African Descent (MIPAD).

She was also featured in the BBC Africa Power Women series, and on CNN Innovate Africa.With over 25 years experience primarily in Technology, Oil & Gas, and New Media industries across Europe, Middle East and Africa; Juliet is a leading voice on Innovation, Transformation, and Leadership.

During her remarkable 12-year tenure at Google, Juliet played a pivotal role in expanding the company’s presence in Nigeria and the wider West Africa region.

She championed initiatives to increase digital access, local content development, skills acquisition, entrepreneurial growth, innovation, and fostered strategic partnerships with leading private sector and government institutions.

Dr Juliet has made significant contributions to the tech ecosystem in Nigeria and Africa at large.

She served on committees that developed the national broadband plan and ICT incubation strategy in Nigeria, and has been involved in national strategic advisory groups focused on economic growth.

These engagements demonstrate her commitment to shaping the future of tech in Africa. She has received numerous awards for outstanding contribution to the digital landscape in Africa.

She holds board positions across multiple industries including Finance, FMCG, Oil & Gas, Education and social enterprises.

Her education includes a Doctoral degree in Business from Walden University in Minneapolis, an Executive MBA from the London Business School, a Postgraduate degree in Computer Science from the University of Cambridge; and a BSc in Computer Engineering (1st class honours) from the Obafemi Awolowo University, Ile-Ife.

She is a recipient of the London Business School Global Women’s Scholarship, and at Cambridge University was awarded Selwyn College Scholar and Malaysian Commonwealth Scholar.

She is a Fellow of the Cambridge Commonwealth Society.She was awarded IT Personality of the Year in 2012 by the Nigeria Computer Society, Digital Personality of the year 2016 by Marketing World; and received a 2015 Titans of Technology award from Technology Africa.

She is a published Author, Executive Coach, and a member of the Forbes Coaches’ Council.

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CBN announces date to hold MPC meeting

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The Central Bank of Nigeria (CBN) has announced its forthcoming monetary policy committee (MPC) meeting.

In a statement on Tuesday, the CBN said its 296th MPC meeting between July 22 and 23.

The committee is the highest policy-making committee of the bank, led by Olayemi Cardoso, CBN governor.

The MPC meeting is set up to review the country’s economic and financial conditions and determine the appropriate monetary policy direction in the short to medium term.

At the last meeting held on May 20 and 21, the committee raised the monetary policy rate (MPR), which benchmarks interest rates from 24.75 percent to 26.25 percent.

The MPC retained the asymmetric corridor at +100 basis points and -300 basis points around the MPR.

The committee also retained the cash reserve ratio (CRR) at 45 percent for deposit money banks and 14 percent for merchant banks.

Speaking to the press after the meeting, Cardoso had said the reason for the interest rate hike was to tame inflation.

He also said the committee’s efforts to contain inflation are yielding results.

On July 15, the National Bureau of Statistics (NBS) in its consumer price index (CPI) report for June, said Nigeria’s inflation rate rose to 34.19 percent in June 2024 — up from 33.95 percent in May.

According to the bureau, the headline inflation rate in June showed an increase of “0.24% points when compared to the May 2024 headline inflation rate”.

NBS also said food inflation surged to 40.87 percent in the month under review as prices of food and non-alcoholic beverages continued to surge.

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Nigerians can now obtain UAE visas, says FG

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Mohammed Idris, minister of information and national orientation, says Nigerians can now apply for and obtain visas to the United Arab Emirates (UAE).

Idris said the federal government has reached an agreement with the UAE to allow Nigerian passport holders to obtain visas for travel to the Arab nation starting today, July 15.

The minister spoke with the State House correspondents in Abuja on Monday, shortly after the weekly federal executive council (FEC) meeting.

He said the agreement includes updated controls and conditions to be fulfilled before the issuance of a UAE visa.

On December 13, 2021, the UAE issued a travel restriction on passengers from Nigeria and the Democratic Republic of the Congo, citing a surge in the countries’ COVID-19 cases among passengers from the two African nations.

However, TheCable reported the travel ban might not be unconnected with the diplomatic row between Nigeria and the UAE over Air Peace’s flight frequency to the Arab country.

Air Peace had requested a slot of three weekly flights from Nigeria to Sharjah Airport in the UAE, but only one was granted by the country’s General Civil Aviation Authority (GCAA).

GCAA said Air Peace should not expect to retain its flight frequency after pulling out of Sharjah Airport; the Nigerian airline, however, denied the claim.

In retaliation for Air Peace’s treatment in the UAE, the federal government dropped Emirate’s slots from 21 to one, leading to the Dubai-based airline suspending all its flights to Nigeria.

In September 2023, the federal government said the airline would resume services in Nigeria, signaling a resolution of the dispute.

The assurance followed a meeting between President Bola Ahmed Tinubu and Mohamed bin Zayed, president of the United Arab Emirates.

But since the meeting and the federal government’s announcement, Emirates has yet to begin scheduled flight operations.

In April, Festus Keyamo, minister of aviation and aerospace development, said Emirates Airlines is prepared to resume flight operations to Nigeria.

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Lagos state government designates 5 operational parks for trucks in Lekki-Epe corridor ahead of e-call up system launch

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The Lagos State Government has designated five operational parks for trucks in the Lekki-Epe corridor in anticipation of the e-call-up system’s launch on August 1, 2024.

This strategic initiative aims to regulate truck movements and prevent the traffic congestion previously seen at Apapa and Tin Can Ports.

According to Lagos State Commissioner for Transportation Oluwaseun Osiyemi, the designated parks for articulated trucks in the Lekki-Epe corridor are Hog Marketing Limited in Okorisan, Epe; Nilmage Two4Seven in Poka, Epe; Goldspeed Freight Agency Ltd. opposite Dangote Refinery on Lekki Coastal Road; Diamond Star Ports and Terminal Ltd. in Abule Panu, Lekki-Epe; and Tal Concept Ltd. at HFP Brick Industry on Lekki-Epe Expressway.

“Five operational parks for trucks: Hog Marketing Limited (Okorisan, Epe), Nilmage two4seven (Poka, Epe), Goldspeed Freight Agency Ltd (Opp. Dangote Refinery, Lekki Coastal Road), Diamond Star Ports and Terminal Ltd. (Abule Panu, Lekki-Epe), Tal Concept Ltd (HFP Brick Industry, Lekki-Epe Expressway),” the statement read in part.

Furthermore, the Lagos State Government has mandated that all articulated trucks operating in the corridor must be equipped with Radio Frequency Identification (RFID) tags. This requirement aims to streamline and automate the management and tracking of truck movements once the system goes live next month.

Additional initiatives in the implementation plan include the separation of wet and dry cargo and the deployment of vehicle inspection services at parks for vehicle certification.

These measures are designed to eliminate traffic congestion, address environmental concerns, and reduce accidents caused by trucks along the corridor. They will also help manage the increased activity expected from the Dangote Refinery, Lekki Port, and other entities.

The Lagos State Government provided additional details on the e-call up system, clarifying that it will officially launch on August 1, 2024, through the platform mycallup.com, with full enforcement beginning on August 7, 2024.

Compliance with this system is mandatory, and trucks that fail to comply will be impounded to ensure strict adherence to the new regulations.

The government emphasized the necessity of cooperation from all stakeholders for the success of this initiative. This includes truckers, organizations, security agents, and local communities, all of whom must work together to prevent a recurrence of the severe traffic congestion and logistical issues previously experienced at Apapa and Tin Can Ports.

The active participation and commitment of these groups will be instrumental in ensuring a smoother and more efficient transportation process along the Lekki-Epe corridor.

The state government emphasizes that by adhering to these regulations and fully cooperating, stakeholders can contribute to a more organized, safer, and environmentally friendly transport environment in Lagos.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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