By BAYO AMODU Dr Maxwell Ubah, a graduate of medicine from College of Medicine, University of Lagos, Akoka is also a certified leadership, strategy and peak performance consultant. He holds the prestigious Sloan Masters in Leadership and Strategy from London Business School. In this interview with BAYO AMODU, he spoke on  the qualities a good business leader should have among others. What are the qualities of a good business leader? In my book, The Alphabet of Leadership, I addressed what I called The IDEAL Leader. IDEAL is an acronym that stands for integrity (demonstrates character and competence), decisiveness (makes the tough decisions for the long term success of the organization), emotional energy (controls one’s emotions and is empathic towards followers), attitude (knows that leadership is just all about him or her) and leadership styles (uses the right leadership style depending on the person or situation). It is my opinion that any leader...
By ABAH ADAH, Abuja The federal government has approved N39 billion loan to Electricity Distribution Companies (DISCOs) for the supply of meters, Minister of Power, Works and Housing, Babatunde Fashola, has disclosed. The minister made the disclosure on Monday in Kano at the 18th Monthly Power Sector Stakeholders Meeting hosted by Kano Electricity Distribution Company (KEDCO). He said the gesture was part of power sector recovery programme of the government aimed at ensuring uninterrupted power generation and distribution. He added that it was also aimed at ensuring that every consumer of electricity is provided with a meter. “It is also aimed at ending the series of complaints by consumers who applied for meter but were not supplied at the appropriate time,’’ he said. The minister explained that the successful implementation of the power sector recovery programme would assist in resolving the conflict between distributors and consumers over tariff collection. Mr. Fashola said power generation improved tremendously...
By SALIHI ABUBAKAR BELLO, Kano Emir of Kano, Muhammad Sanusi II, has lead the Kano State government delegation to China in pursuance of beneficial trade and economic development deals with Chinese trading partners. The director press to Kano State governor, Malam Aminu Yassar, revealed that Emir Sanusi II, is having a successful tour of China aimed at improving trading between Kano State and the Chinese. He quoted the Emir as saying that the tour is a great eye opener to himself and the entourage. He said Shanghai is a giant economic city which is contributing immensely to the world’s economy and stated that Kano is fortunate to join the world community to benefit immensely from Shanghai’s economy and its latest technology. Meanwhile in continuation of his weeklong on visit to China, Emir Muhammadu Sanusi II, on Sunday visited the Shanghai Urban Planning Exhibition Centre where he was taken through its history and its importance...
“China-Africa relations have today reached a stage of growth, unmatched in history. We should scale the heights, look afar and take bold steps”- President Xi Jinping (2015). By Charles Onunaiju More than two years, since Chinese leader, President Xi Jinping summarized the phenomenal level, China-Africa have then attained, and urged for the relations to aspire to new and higher “heights”, Nigeria and China took “bold steps”, last week to nudge the bilateral relation between them to new heights, thereby scoring major success in extending the frontier of Sino-Africa Cooperation. As a work in progress, the China-Africa Cooperation by the range of issues it has covered and the intensity of its engagement, is considerably phenomenal but still at a primary stage of its development, with profound potentials and prospects in the distant future, if both sides continue to “take bold steps and look afar”. Last week in Abuja, between August 10th and 11th,...
By Abu Nmodu, Minna President Dangote Group, Aliko Dangote, yesterday disclosed that the company will invest 450 million dollars in agriculture development in Niger State over the next three years Dangote who gave the hint at the 2017 Niger State Investment Summit in Minna, Niger State capital, said the funds will  be used in establishing a large scale rice processing mill to process over 200, 000 metric tonnes of paddy rice. He said that a state-of-the-art fully integrated sugar refining industry would also be established. His words: “The Dangote Group is committed to invest around 450million dollars over the three next years to establish a large scale rice processing mill for out growers. “Our company is also establishing a state of the art fully integrated sugar industry involving the development of over 30,000 hectares of sugar cane plantation and the production of about 500, 000 metric tonnes of refined sugar. “We are very excited about...
By Bukola Idowu, Lagos In about a month from now, secondary and primary schools across Nigeria will resume for another session but with an additional subject that is targeted at ensuring that the young ones who are the future of the country. This is due to a new curriculum that has been included in the Nigerian educational system through collaboration amongst financial stakeholders, the Central Bank of Nigeria and the Nigeria Educational Research and Development Council (NERDC). Though there are many educated and literate Nigerians, a high percentage of the population does not have the requisite skills to effectively manage their financial transactions and take advantage of the opportunities presented by the financial products and services to improve their well-being. Besides, consumers of financial services have also been subjected to unethical practices from financial institutions which could be attributed to their low level of financial literacy arising from their lack of knowledge of...
By Bukola Idowu, Lagos The value of the naira went in different directions at the Investors and Exporters window of the official and parallel market last week as tension between North Korea and the United States impacted the value of the dollar at the international foreign exchange market. Tension between the two countries have over the past weeks heightened as investors seek out investment havens. The United States dollar index which tracks the dollar against a basket for six major currencies slipped on the back of weaker-than-expected U.S. producer prices. The index stood at 93.468 below levels around the 93.4 handle seen in the previous session. Ahead, the release of U.S. July CPI due during the U.S. trading day is expected to influence the direction of the dollar. Despite a drop in foreign exchange inflow at the Investors and Exporters window, the value of the naira gained strength rising by 0.7 per...
BY OTUNG GABRIEL, Abuja It was exciting moments for retailers of Dangote Cement as the management of Dangote Cement Plc at the weekend redeemed the prizes won by the customers and splashed them with thousands of cement bags and branded containers worth N480 million in the on-going Dangote Cement Retailers Bonanza, season two. No less than 10 retailers who have emerged as star winners from the Company’s West region claimed their prizes at the weekend with some going home with 1200 bags of cement with 40 ft container and others winning 600 bags with 20 ft containers. Amid pomp and pageantry, members of the Company management moved from locations to locations in a carnival like procession to deliver the products and containers to each of the winners at their business locations, mostly markets to the surprise of many other traders. Leader of the team, Mrs Funmi Sanni, the West Regional Sales Director, said...
By FESTUS OKOROMADU, Abuja The Petroleum Products Pricing Regulatory Authority (PPPRA) has refused to confirm or refute allegations by the President of the Nigeria Labour Congress (NLC) Comrade Ayuba Wabba who claimed during the weekend that the federal government is attempting to hike the prices of petroleum products. He was speaking at the opening of NLC’s National Executive Council meeting in Sokoto, stated that the body would not hesitate to protest against such increase. According to the NLC president, such an act would further increase the sufferings of Nigerians, stressing that congress would mobilise Nigerians to resist any increase. “While Nigerians are still struggling to cope with the severe hardship imposed on them by the last increase in the price of petroleum products, there are ongoing media campaigns and contradictory statements by the NNPC and government officials on yet another plan to review the template for the pricing of petroleum products,” Wabba stated. “We...
BY BAYO AMODU, Abuja The Acting President, Professor Yemi Osinbajo will today pay a one day official visit to Niger State. He will be joined by former President Olusegun Obasanjo, immediate past military head of state, General Abdulsalami Abubakar and Governor Abubakar Sani Bello to flag off Niger State Investment Summit holding in Minna, the Niger state capital. The two day summit tagged “Truly Niger” with the theme, “Impact Investing for Advancing Agricultural Economy and Innovation”, is packaged to sell the state to local and international investment community and to showcase her potentials in agriculture and solid mineral resources, tourism, sports and others. The summit will provide platform where the impact investment community can share ideas, connect and network, create new opportunities for developing the market and creating new opportunities for impact investing as well as to market the state as a unique, friendly and peaceful business and investment destination. Governor Sani Bello who...