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Ambode, Payette To Open Bio-security Lab In Lagos

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Ambode, Payette To Open Bio-security Lab In Lagos

Lagos State Governor, Mr. Akinwunmi Ambode will on Tuesday join the Governor General of Canada, Rt Hon Julie Payette to inaugurate a new bio-security laboratory in Lagos.

In a statement on Sunday, the Lagos State Government said the inauguration of the State Biobank, located at the Mainland Hospital in Yaba, where the isolation unit used by the State Government to contain the 2014 Ebola Virus Disease (EVD) outbreak was located.

According to the statement, the Laboratory, funded by Canada in partnership with the State Government, would serve as a single repository for all high-concentration pathogens in the State, adding that it would also help the State mitigate post-EVD threats and build capacity for prevention, detection and response to future outbreaks in Nigeria and West Africa.

It said the State’s Commissioner for Health, Dr. Jide Idris would also be part of the delegation to accompany Governor Ambode to receive Hon. Payette at the Muritala Muhammed International Airport and thereafter proceed to unveil the new facility.

According to the statement, after the inauguration of the Biosecurity Laboratory, the Canadian Governor General would also visit students participating in the CodeLagos computer literacy program.

“Her Excellency will visit Akande Dahunsi Memorial Senior High School to interact with students taking part in the CodeLagos program and talk to them about her background in informatics. During this time, members of the Canadian delegation will give presentations on their own experiences and careers in other classrooms,” the statement said.

The CodeLagos program, currently running in public and private schools in the State, is an initiative of the Lagos State Ministry of Education aimed at educating over one million residents for the future of work – by teaching how to write code and creatively solve problems.

The statement added that the August visitor would have a lunch discussion with members of the Lagos business community, where she would deliver brief opening remarks which would bring the business community together.

It said she would round off her visit with a reception for Arts and Culture Friends of Canada.

The statement further said that the reception would see her meet with individuals who have made and continued to make exceptional efforts in promoting and enhancing the Canada-Nigeria relationship, adding that it would provide an opportunity to celebrate the vitality of the arts and culture scene in Lagos.

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Nigerian News

IATA Inaugurates Turbulence Aware Data Resource To Forecast Turbulence

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IATA Inaugurates Turbulence Aware Data Resource To Forecast Turbulence

The ability of airlines to forecast and avoid turbulence would now be greatly enhanced as the International Air Transport Association, IATA, has inaugurated a turbulence aware data resource.

IATA said the system would pool and share turbulence date generated by participating airlines. The global body for airlines said before now, airlines had to depend on reports and weather advisories from pilots to offset the impact of turbulence.

IATA says the result would be the first global, real-time, detailed and objective information for pilots and operation’ professionals to manage turbulence.

It is expected that airlines operating in Nigeria would participate and benefit from this new system.

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Nigerian News

Oil Price Stability Buoys Nigeria’s Budget Benchmark

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Oil Price Stability Buoys Nigeria's Budget Benchmark

Nigerian budget benchmark appears buoyed by oil price stability as a result of cuts in production levels to which OPEC members have agreed.

The benchmark of sixty dollars was eroded by sustained drops in price. The high for the year was eighty-six dollars which dropped to about fifty-eight dollars last week.

It rebounded to sixty-two dollars per barrel last week, just as the federal executive council was to hold an emergency meeting on how the price drops would affect the Nigerian budget.

Opec countries had agreed to reduce daily production by eight hundred thousand barrels, while non-OPEC members decided to reduce production by four hundred thousand barrels per day.

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Business News

CBN And MTN Plan To Settle $8b Rift Out Of Court

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CBN And MTN Plan To Settle $8b Rift Out Of Court

It seems as though the Central Bank of Nigeria and telco giant, MTN, are trying to find ways of resolving the $8 billion rift between them. One of MTN’s lawyers is quoted as saying they are making moves toward an out-of-court settlement.

Meanwhile, counsels for both parties have secured another adjournment until late January.

Another $2 billion case involving MTN and the Nigerian attorney general’s office was adjourned as well last week until early January.  This case is related to alleged back taxes owed by MTN.  The telco giant has denied it owed the taxes.

The $8 billion case was a result of a charge against MTN for allegedly violating Nigeria’s extant laws.  In August, Central Bank of Nigeria sanctioned MTN Nigeria for allegedly using irregular certificates of capital importation to transfer $8.1 billion to South Africa on behalf of its offshore investors.

MTN is being asked to return the $8.1 billion to Nigeria.

Mtn group’s Nigerian operations account for one-third of its entire African market share.

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