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The President, Lagos Chamber of Commerce and Industry, Mr. Remi Bello, says the business world in the 21st century is increasingly being driven by cutting-edge information technology. As a result, he urged the Federal Government to put in place necessary infrastructure for cyber regulation. Bello spoke in Lagos at a seminar organised by the financial services group of the chamber. The event had ‘Current issues in the Nigerian financial sector’ as its theme. Bello, who was represented by the Honourary Vice President, LCCI, Dr. Remi Alo, said the Nigerian financial sector was currently facing a lot of challenges which bother on foreign exchange and cybercrime. He submitted that both problems must be resolved in a sustainable manner. Bello said, “This seminar is organised with the intent to review the issues and possibly proffer solutions on dealing with foreign exchange issues and impacts of cybercrime on our businesses. Nigeria’s digital economy has evolved into one

Netanyahu says he will not allow Israel to be "submerged by a wave of illegal migrants and terrorist activists". Israeli Prime Minister Benjamin Netanyahu has announced the start of construction of a fence along Israel's border with Jordan after calls for Tel Aviv to take in Syrian refugees. Netanyahu said on Sunday that he would not allow Israel to be "submerged by a wave of illegal migrants and terrorist activists". "Israel is not indifferent to the human tragedy of Syrian and African refugees... but Israel is a small country, very small, without demographic or geographic depth. That is why we must control our borders", he said at the weekly cabinet meeting according to his office. The announcement came a day after Isaac Herzog, Israeli opposition leader, said on Saturday that Israel should take in Syrian refugees, recalling the plight of Jews who sought refuge from past conflicts. Mahmoud Abbas, the Palestinian president, also called for Isr

A medical evacuation plane disappeared west of Senegal during a flight from Burkina Faso to Dakar, Senegalese civil aviation authority said in a statement on Sunday. The aircraft carrying seven people, including a French patient went down off the coast of Senegal at 7:08 p.m. (1908 GMT) on Saturday, said the statement. Senegal’s air force was conducting a search of the wreckage of the plane. According to officials, the plan was carrying a Senegalese doctor, two nurses,three crew members, two Algerians and one Congolese, apart from the patient. The plane, which had been scheduled to arrive in Dakar at 18:20, belonged to the private Senegalair company. A technical investigation will be launched for further details, said the Senegalese civil aviation authority. Source: Punch Newspaper.

WITH the sole aim of raising employability level of Nigerian youths and reducing poverty in the country, the Federal Republic of Germany, in partnership with some Nigerian organisations, has trained and graduated eight Nigerian youths in Technical Facility Management under its German Dual Vocational Training Partnership with the country. The project is about three month rigorous class training with all tools, local and foreign experts and nine month field experience in different nominated companies. The first aspect of the training project, which was kicked off in 2012, was in Industrial Mechanics and Industrial Electronics training for 23 apprentices, while the second aspect was in Office Administration in which 11 apprentices graduated. The project is financed by the German Federal Ministry for Economic Cooperation and Development (BMZ) and conducted by sequa gGmbH, as well as partnered by National Association of Chambers of Commerce, Industry, Mines and Agriculture (N

A UNITED States – based Nigerian architect, Chinwe Ohajuruka has been picked as a finalist in the 2015 Cartier Women’s Initiative Awards, an international business plan competition created in 2006 by Cartier, the Women’s Forum, McKinsey & Company and INSEAD business school to identify, support and encourage projects by women entrepreneurs. The success story of the firm – Comprehensive Design Services (CDS – USA) through pilot projects on affordable green building in PortHarcourt, River State earned her the honour and recognition. In the past, she was a winning finalist in the African Diaspora Marketplace competition with a design for an affordable Passive House Prototype. The project is a bioclimatic design featuring natural ventilation, wide eaves, shading from landscaping, energy from solar, wind and biogas, rainwater harvesting and the use of locally available renewable material for construction among other elements. A key factor in the design is its affordability for low-i

ANGST by what they termed irrational operations of the Ikeja Electricity Distribution Company (IKEDC), electricity consumers under the umbrella of the Joint Action Committee, Electricity Distribution Company Customers Consultative Forum have kicked against plans by the company to review its tariff. While describing this as unjustifiable and untimely, they urged the electricity company to regulate its services immediately to avoid confrontation with the consumers. At a stakeholders meeting tagged: “Public Consultation On Tariff Review” held at the Airport Hotel, Ikeja, Lagos yesterday, the consumers through a protest vote unanimously said no to the planned tariff review, noting that the electricity company has not done enough to warrant this. Chairman of the forum, Apostle Amos Olawoye, said its position is that all electricity consumers would reject any tariff increase. “The assurance of improvement in power supply given by NERC and the electricity distribution companies durin

Scores of people were feared dead and others injured when a six storey plaza in the heart of the popular Balogun Market in Lagos was gutted by fire on Thursday. The  News Agency of Nigerian  reports that the plaza is surrounded by several important business premises, which included the Union Bank, Diamond Bank and the United Bank for Africa. NAN  also observed that the plaza, which was being used as a wholesale and retail outlet for shoes and bags, is directly beside and attached to Union Bank building. Investigations revealed that the fire started at about 9am and was battled by a team of combined firefighters from the Union Bank and UBA before the arrival of the Lagos State Fire Service. Some eyewitnesses, who spoke to  NAN , said some people, who jumped out from various floors of the burning plaza to escape the fire, were carried away dead. Mallam Hamza Abdullahi, a trader in the market, told  NAN  that he saw three dead bodies and five people, who were wounded. “People