Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020

The Debt Management Office (DMO) has said it would approach the local debt market to auction bonds belonging to the Federal Government of Nigeria worth between N420 billion and N510 billion in the first quarter of 2020.

Global Cloud Kitchen Industry to Reach $2.3 Trillion Value by 2026

The global online food ordering industry maintains its rapid growth with a CARG of 9.8 % in a year per year time. Also known as “cloud” or “ghost” kitchen, the dark kitchen industry has already produced a tremendous impact on the food and drink market and transformed the business model of many retailers worldwide.

Yale President Peter Salovey visits Nigeria to expand partnerships

Yale University’s president, arrived in Nigeria this week to deliver on the promise of the Yale Africa Initiative, a long-term university wide commitment to enhance Yale’s ongoing bilateral engagement with African institutions and to bring African scholarship, research, and education at Yale into sharper focus. He will participate with the university’s collaborators in meetings, events, tours, and other activities to build and strengthen Yale’s research and educational partnerships across the continent.
As he arrived in Lagos with a delegation of Yale faculty and staff members, Professor Salovey remarked, “In a world that is growing in complexity and becoming more interrelated, successful universities will embrace global networks and exchanges. While in Nigeria, home to the continent’s largest economy, I am looking forward to meeting with some truly extraordinary people. With this visit I hope to build on Yale’s robust relationships in Nigeria and other nations in Africa to strengthen education, research, and scholarship in the global community.”

The Yale Women’s Leadership Forum, a major program of the Yale Africa Initiative, takes place on Saturday, January 18. Professor Salovey and Ms. Emma Sky (director of Yale’s Maurice R. Greenberg World Fellows Program and a senior fellow of the Yale Jackson Institute) will offer welcoming remarks and participate in the forum. The event will also feature remarks from Ms. Maria Teresa Fernandez De La Vega, president of Spanish Council of State and president of Fundación Mujeres por África (Women for Africa Foundation).

The forum is part of a flagship program established in 2015 and sponsored by Yale in partnership with Fundación Mujeres por África and Banco Santander. It aims to amplify the effectiveness and influence of women in African governments by serving as a catalyst for open dialogue and fostering mentoring relationships between one generation of African women leaders and the next.

The forum will feature personal leadership testimonials from a panel of program alumni: Obiageli Ezekwesili (from Nigeria), Ramatoulaye Diallo (Mali), Maria Kiwanuka (Uganda), Remi Sonaiya (Nigeria), and Nana Oye Lithur (Ghana). The discussion will be moderated by Olabosipo Sawyerr-Bassey, a graduate of the Yale School of Management (Class of 2007) from Nigeria, and Stephanie Busari (journalist and editor at CNN International, based in Nigeria). A special session of the program will focus on reaffirming the commitment to and developing leadership approaches toward the achievement of the UN sustainable development goals. The forum will conclude with remarks from Ms. Obiageli Ezekwesili (Richard von Weizsäcker Fellow, presidential candidate of Nigeria’s 2019 election, and former vice president for the World Bank’s Africa Region).

The Lagos Business School, along with three other schools in Africa, is a member of the Global Network for Advanced Management, a network of over 30 business schools around the world launched in 2012 by Yale and other institutions. Professor Salovey’s trip includes a visit to the Lagos campus of Pan Atlantic University where he will meet with Dr. Enase Okonedo, dean of Lagos Business School, and members of the school’s leadership team. Professor Salovey will deliver a lecture to students, faculty, and invited guests on the topic of “Emotional Intelligence and Leadership in Business.” Following his talk, Professor Salovey will participate in a question and answer session with audience members.

While in Lagos, Professor Salovey will meet with officials to finalize plans to expand the HAPPINESS Project (Health Action for Psychiatric Problems In Nigeria including Epilepsy and Substances), an ongoing Yale partnership with the government of Imo State, Nigeria. This pioneering program aims to increase access to effective, evidence-based treatments for mental and neurological disorders in underserved areas of the country, using technology and existing care infrastructure.

The HAPPINESS project oversees the training of primary care workers in rural communities to screen for, assess, and manage these disorders in their communities. Initiated in 2018, the project is a collaboration between Yale School of Medicine’s Department of Psychiatry and Imo State University Teaching Hospital. It is supported by the Yale Global Mental Health Program, CBM International, and the Imo State Primary Health Care Development Agency.

Yale has three alumni clubs across Africa-in Nigeria, Ghana, and South Africa. During Professor Salovey’s visit, he will be participating in a networking reception with officials and members of the Yale Club of Nigeria. The event will include Dr. Haroun Adamu (Yale College Class of ’70) and Mr. Lawrence Fubara Anga (Yale College Class of ’80), the president and vice-president, respectively, of the Yale Club of Nigeria.

Early in his trip, Professor Salovey will visit Heirs Holding, a pan-African financial services institution, where he will discuss African entrepreneurship with Mr. Tony Elumelu, chairman of Heirs Holding and the Tony Elumelu Foundation. Professor Salovey will also visit Techpoint , the largest tech media agency in Africa, where he will participate in a town hall-style meeting and interactive discussion with key leaders in the Lagos technology entrepreneurship ecosystem.

Plans are underway for an exhibition in 2021 dedicated to the work of the twentieth-century Nigerian sculptor Bámgbóyè at the Yale University Art Gallery in New Haven; it will feature a number of works on loan from the National Museum. Professor Salovey will tour the galleries of the National Museum with Mrs. Edith Ekunke (head of museums for the National Commission for Museums and Monuments), Mrs. Omotayo Adeboye (curator at the National Museum), and Mr. James Green, assistant curator of African art at the Yale University Art Gallery. The group will discuss a planned collaborative research and conservation project, in partnership with Yale’s Institute for the Preservation of Cultural Heritage, which will involve in-depth research into the works on loan along with the training of conservation staff from the National Museum both in Lagos and New Haven.

The Yale Africa Initiative is a commitment announced by Professor Salovey in his inaugural remarks in 2013 to foster new directions in research on Africa and to identify new partnerships and deepen current ones, all while transforming the educational experiences and career opportunities of students at Yale and in Africa. Through the Yale Africa Initiative, Yale continues to leverage the power of partnerships and global networks across the continent to create new knowledge in science, public health, business, and other disciplines and to improve lives around the globe.

Japan has Highest National Debt per Citizen with $89,000, according to New Report

Data gathered and calculated by indicates that Japan has the highest national debt per person. With a population of 126,847,639, each Japanese national owes 89,525.51 of the $11.4 trillion national debt.

Vegetable Oil Mill Factory For Sale In Ogun State

FOR SALE: Vegetable oil mill factory at Sango ota Ogun State on 13 acres of land with C of O. seed, groundnut etc.
Price: ₦10billion (Negotiable)

Sale status: Currently functioning as it is basis.

The plant has 3 sections in the facility namely: Crushing plant, Solvent extracting plant & Seed preparatory plant.

Lekoil Secures $184m Funding For Drilling OPL : 310

Lekoil, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has announced that it has secured $184 million funding for the appraisal drilling and initial development programme activities on the Ogo field within OPL 310.

Iphones Are More Prone To Hacking Than Other Brands – New Study

UK-based phone case company has conducted a research which concludes that iPhones are 167 times more prone to hacking as compared to other brands. The report analyzed the monthly search volume data from Google in the UK, which was based on the number of users searching for hacking a smartphone brand or app.

Israeli Startup TriEye Collaborates with Porsche to Help Drivers “See” Better in Low Visibility Conditions

Israeli startup TriEye, whose Short-Wave Infra-Red (SWIR) sensing technology enhances visibility in adverse weather and night-time conditions, announced a collaboration with the German sports car manufacturer Porsche, to further improve visibility and performance of Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV).

Lagos State Governor Sanwo-Olu Signs ₦1.17 Trillion 2020 Budget Into Law

Lagos State Governor, Mr Babajide Sanwo-Olu, on Tuesday, signed the 2020 Appropriation Bill of N1.168 trillion into law.
The Lagos State House of Assembly had on Monday, after consideration, passed the slightly adjusted budget size for governor’s assent into law.

Ondo State Governor Akeredolu Signs ₦187 Billion 2020 Budget Into Law

Ondo State Governor, Arakunrin Oluwarotimi Akeredolu,SAN, has signed the 2020 appropriation bill into law.

Education has the largest percentage of the budget provision, followed by infrastructure.