General News
CLMI will promote Professionalism and create Employment in the Economy- Shittu
Barr Adebayo Shittu, Minister of Communication has said that Courier and Logistics Management Institute (CLMI) will help promote professionalism in the courier ecosystem and breed entrepreneurs who will create jobs for Nigerians.
Shittu made these remarks at the investiture, awards and book presentation of the Courier and Logistics Management Institute (CLMI) held yesterday at Sheraton Hotel, Ikeja, Lagos.
He noted that CLMI both an academic and professional institute will bridge the gap between professionalism and service in the courier and logistics management sphere, as well as helping the current efforts of the Buhari administration at reforming and commercializing the Nipost.
He explained that Nigerian postal service has the potential of generating sufficient income and compete with any of its kind worldwide, adding that these were the reason government has taken the issue of postal reform very seriously.
The minister stated that the Nipost bill current at the national assembly will set separate the hitherto dual functions of Nipost as regulator and operator in the courier service sector, which will pave way for efficient regulation and efficient service delivery by every courier operator in the sector.
He added that the thrust of the bill when passed into law will ensure that Nipost concentrates on its functions as an operator in Nigeria’s postal system thereby making it pitch for a share of the deregulated courier and logistics market.
Shittu however commended the Chairman and management of CLMI for their contributions in the development of the sector, adding that a lot still needs to be done in the development of the sector and of Nigeria as a whole.
Dr. Simon Emeje, Chairman of CLMI, Speaking at the launch said that CLMI aim is to fill the gap of created in the areas Courier, Logistics, Management, Transportation which covers every aspect of human life.
In his words, “World over, every human being is covered by these four areas- Courier, Logistics, Management and Transport.
“Most times, people are not conscious of the operations in these areas. We are trying to ignite that in Nigerians.
“So, we want people to know these are areas you can professionalise; that is, you are made to do things better.
“Courier is time sensitive which is applicable in every aspect of our endeavours either virtual or physical.
“Logistics will tell you how to process goods, store and distribute them to the lastmile (end user).
“Management entails control, directing and making adequate decisions that will harness resources for favourable results.
“In Transport, after you have put all these together, you need to move them- the network of distribution of the product from one place to another.
“These are strategic areas of every human life.” he said.
Dr. Emeje, said the Institute is the first of its kind in the whole world, having focus on courier, logistics, transport and management, adding that there is no Institute of this magnitude across the globe that combines the four key areas.
He said that CLMI is collaborating with Universities, both within and outside Nigeria to award Degrees/HND courses in Courier and Logistics Management, Courier and Transport Management in the respective institutions.
He added that CLMI has developed a curriculum from first year to the fifth year for the undergraduate and postgraduate studies in the field, adding that economic prospects in the industry are many.
He also conferred award of life patron and fellow of Courier and Logistics Management Institute of Nigeria to the honorable minister of communications Barr Adebayo Shittu.
Barr Bisi Adegbuyi, CEO and Postmaster General of the Federation, ably represented by Abdulkarim Baba, Director Strategy and Business Development, Nipost, said that courier is the first primary mode of transmitting things from one place to another.
He noted that courier has played a major role in the economy of the country over the years and it will continue to do so for the development of the country.
He commended the institute for putting together the event and implores them to continue to provide leadership in the industry.
Nigeria Immigration Service (NIS) has announced an ongoing upgrade and maintenance of its passport portal for applicants within Nigeria.
In a public notice shared on Sunday via its official ‘X’ page, the NIS reassured Nigerians that other services, including passport applications for citizens abroad, remain fully operational during the maintenance period.
The service stated that its team is “working tirelessly” to complete the upgrade and restore full functionality within 72 hours.
“We sincerely apologise for any inconvenience this may cause and deeply appreciate your patience and understanding,” the notice read. It emphasized that the upgrade is part of efforts to enhance service delivery.
Reaffirming its commitment to excellence, the NIS pledged to provide efficient services to Nigerians at home and abroad.
FBNQuest Asset Management, a subsidiary of FBN Holdings Plc., has been awarded an A+ rating by Agusto & Co. Limited. This rating reflects the firm’s stable outlook, robust risk management, and strong investment capabilities, highlighting its impressive operational performance and outstanding business profile.
It emphasizes FBNQuest Asset Management’s ongoing commitment to providing exceptional investment services to its clients.
The rating was issued in a recent report by Agusto & Co., a leading rating agency in Nigeria. This recognition underscores the company’s strong operational record, excellent corporate governance, and professional management of fund assets.
The organisation’s impressive performance demonstrates its unwavering dedication to delivering exceptional value to clients through a variety of products and services tailored to meet their investment needs.
Ike Onyia, the Managing Director of FBNQuest Asset Management, expressed his satisfaction with the rating, stating, “We are truly delighted to receive the A+ rating from Agusto & Co. This recognition is a testament to our strong expertise in investment portfolio management and the achievements we have realised over the years.
“We take pride in this positive acknowledgement, which stems from our well-thought-out business strategies and the exceptional performance of our skilled workforce, cementing our position in the hearts of our stakeholders.”
FBNQuest Asset Management was also recognised as the Best Asset Manager at the 2024 EMEA African Banker Awards. The organisation continues to maintain a consistently strong position in the investment services subsector in Nigeria, leveraging its rich pedigree in intellectual capital, strong research capabilities, and cutting-edge technology to provide clients with value-adding insights, advice, and service.
“Our mutual funds offer diverse investment options that enable the creation of unique and value-enhancing investment strategies for different client segments.
Additionally, our range of mutual funds encompasses various asset classes, including equities, bonds, and money market instruments,” he added.
Agusto & Co. is a Pan-African leader in credit ratings and credit reports, having assigned over 1,500 ratings across various sectors. Their ratings are globally recognised, with a broad client base relying on them as benchmarks to gauge business success.
TikTok has resumed services to its 170 million users in the US after President-elect Donald Trump said he would issue an executive order to give the app a reprieve when he takes office today, January 20.
On Saturday evening, January 18, the Chinese-owned app stopped working for American users, after a law banning it on national security grounds came into effect.
Trump, who had previously backed a ban on the platform, promised on Sunday to delay the implementation of the law and allow more time for a deal to be made. TikTok then said that it was in the process of “restoring service”.
Soon after, the app started working again and a popup message to its millions of users thanked Trump by name.
In a statement, the company thanked the incoming president for “providing the necessary clarity and assurance” and said it would work with Trump “on a long-term solution that keeps TikTok in the United States”.
TikTok CEO Shou Chew is expected to attend Trump’s inauguration today.
Posting on Truth Social, a social media platform he owns, Trump said on Sunday: “I’m asking companies not to let TikTok stay dark! I will issue an executive order on Monday to extend the period of time before the law’s prohibitions take effect, so that we can make a deal to protect our national security.”
TikTok’s parent company, Bytedance, previously ignored a law requiring it to sell its US operations to avoid a ban. The law was upheld by Supreme Court on Friday and went into effect on Sunday.
It is unclear what legal authority Trump will have to delay the implementation of a law that is already in effect. But it expected that his government will not enforce the ban if he issues an executive order.
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