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ROSATOM announces 6th online video nuclear tech competition

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  • Supports youths advancement in nuclear technologies

ROSATOM, a Russian energy company and a leader in global nuclear technologies, has launched its 6th Annual Online Video Competition for African youths.

The competition, open to students and young professionals between the ages of 18 and 35, encourages the youth to explore nuclear technologies to solve problems for the benefit of their region.

A statement by the company on Wednesday, which stated these, added that the competition running since 2015 had inspired hundreds of young people across the continent who had taken up careers in the nuclear industry.

Chief Executive Officer of ROSATOM Central and Southern Africa, Ryan Collyer, said nuclear technologies are at the heart of many innovations that Africa could benefit greatly from.

He stated, “ROSATOM strongly believes that the youth need to play a vital role in achieving the United Nations Sustainability goals and more specifically in the fight against climate change.

“Rosatom puts a great deal of resources into supporting youths to foster their talents and share their views and ideas. We are confident that nuclear can help to archive the UN Sustainability Goals in Africa, not only through clean and affordable energy, but also through life saving medical procedures and technologically advanced agricultural practices.

“Through this competition, we hope that the youth will educate themselves and their peers on the immense benefits that nuclear technology has to offer.”

Giving some details about the competition, the statement said the participants are encouraged to post their videos on Facebook, following the formal guidelines set out below and submit their applications to the email atomsforafrica@rosatom.com or by the link to online submission form https://tinyurl.com/RosatomAfrica.

It stated tha that the top three winning videos will be selected by an independent expert panel observing various criteria including original content and creativity, overall quality of the video and content, accuracy and relevance of technical content, as well as ability to clearly communicate the content to an audience.

It added the makers of the top three videos would be rewarded with an all-expense paid trip to Russia, where they will get the opportunity to visit several of the country’s world-renowned tourist attractions as well as various nuclear institutions and advanced nuclear facilities.

The firm listed those on the jury as representatives of nuclear enterprises such as ROSATOM, Nuclear Power Plants Authority (NPPA, Egypt), media practitioners like Influence Communications (Egypt) and regional nuclear NGOs Women in Nuclear South Africa (WinSA), African Young Generation in Nuclear (AYGN) and Nuclear Corporation of South Africa (NESCA).

IT gave the deadline for the submission of entries as 31st January, 2021.

“The potential topics for video production are but, not limited to: How can nuclear technologies assist in achieving the United Nations Sustainable Development Goals (UNSDGs) in Africa or your country; how can nuclear technologies help developing countries industrialise; how can non-power related nuclear science and technology benefit your country or community; nuclear in our everyday lives; and myths and fears about nuclear and how to overcome them,” it stated.

As part of the guidelines for the competition,  it said participants could be an individual or a team of one to three people allowed to submit one application; video duration must not exceed 75 seconds; video narration language is either English or features English subtitles; both professional and smartphone videos are acceptable, but the video quality must be at least 720p HD quality; video could be live-action or animation; name(s) of the creator(s) and the name of the university (if so) must be written in the first frame of the video; the video must be published on Facebook with no restrictions on its visibility for any Facebook visitors.

Other guidelines provided that the post must tag @RosatomAfrica and @RosatomMENA Facebook page and contain hashtags: #Nucleardoesntwastetime, #AtomsforAfrica, #RosatomCompetition; no copyright violations (all videos should be compliant with Copyright and Rules for posting Content set up on Facebook); no harmful or offensive behaviour, discrimination of any kind, and being friendly and polite.

It said in the over five years of running the competition, 51 winners had received awards and prizes and one-third of them visited Russian nuclear facilities in Moscow, Obninsk, Tomsk and Voronezh.

The statement said the competition was selected by IAEA for its technical meeting on using social media for public communication and stakeholder involvement for nuclear programmes and was featured in international and regional media such as Reuters, The Guardian, AllAfrica, ESI Africa, Engineering News, The Citizen, and Business Report

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Fuel queues return to Abuja over price hike rumour

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Fuel queues have resurfaced in the Federal Capital Territory over speculations of an imminent increase in the pump price of petrol.

This is coming about 24 the Nigerian National Petroleum Corporation had said there would be no increase in the ex-depot price of petrol in May and not until the end of negotiations with organised labour.

But reports say remours about a price hike and scarcity have led to the latest long queues that surfaced on Tuesday at petrol stations in the FCT.

Long queues of motorists waiting to buy fuel were seen at retail outlets in Wuse, Gwarimpa, Wuye and Kubwa expressway on Tuesday while other outlets were not selling the product.

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NNPC says no petrol price increase in May, subsidy continues

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The Federal Government will continue to pay fuel subsidy as the Nigerian National Petroleum Corporation has said it will not increase the ex-depot price of petrol in May.

Group Managing Director of the NNPC, Mele Kyari, disclosed this on Monday on the company’s social media post during a meeting he held with the National Association of Road Transport Owners/Petroleum Tanker Drivers.

Kyari had last month disclosed that the current market price of petrol had risen to N234 per litre, far above the average pump price of N163 per litre across petrol stations in the country.

Tanker drivers had on March 29 issued notice of industrial action, citing poor remuneration and other hardship as reasons for their action.

Kayri said, “We want to inform oil marketing companies that the NNPC will not increase the pump price of PMS in May. I am giving the assurance and I ask Nigerians to go about their normal businesses; we have over 20 billion litres of petrol in our custody.

“Many of you are aware of this and with the assurance with tanker drivers and NUPENG, there is no need for panic buying of the product. Petrol will be available in all the depots in the country including NNPC dispatched depot across the country, so nobody should panic in buying the product.”

Speaking on the on the strike by the PTD, the NNPC boss said the strike was associated with NARTO’s inability to increase their compensation which was not resolved last week.

He said, “We have given commitment to both NARTO and PTD that we will resolve the issue within a week and come back to the table to have a total closure on the issue.

“We also have a robust engagement with our oil marketing partners in respect of increase in the volume product that is check in the Nigerian market. “We have agreed to work jointly with all the security agencies to contain any possible infractions seen in our borders. We will work as a team to curtail this fraudulent practice with the help of the security agencies.”

He explained that the meeting also discussed issues on payment by Petroleum Equalisation Fund (PEF) to oil marketing companies.

He said that all stakeholders agreed in making the PMS available to marketers.

Speaking at the end of the meeting, NARTO President, Alhaji Yusuf Othman, commended the NNPC for the intervention and assured that within the next seven days, things will normalise in the adjustment of allowances of PTD.

He said, “NARTO requested that they bring three persons so that we discuss the issues but that would not have been possible without this intervention. “We hope that within the next seven days things will normalize and I want to assure Nigerians that we are committed to it.”

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UBA posts 26.8% profit, double-digit growth on income lines

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The United Bank for Africa (UBA) Plc says its profit after tax (PAT) increased by 26.8 per cent in the first quarter (Q1) for the period ended March 31, 2021.

The bank’s PAT jumped to N23.2 billion in Q1 2021 from N30.1 billion in the same period in 2020.

According to a statement from the bank, it also recorded a double-digit growth across most of its major income lines in period under review.

The tier-1 bank said between January and March, it recorded N40.6 billion, representing a 24 percent year-on-year growth in profit before tax compared with N32.7 billion recorded in the first quarter of 2020.

It stated, “Interestingly, UBA again sustained its strong profitability recording an annualised 20.5% Return on Average Equity (RoAE) compared to 19.9% in the same period of 2020.

“Driven by a year-on-year growth in interest income, UBA Group recorded another impressive 5.5% percent year-on-year growth in Gross Earnings to close at N155.4 billion for the three month period ending March 2021, compared to N147.2 billion recorded in the first three months of last year 2020.

“The bank’s total assets also rose by 2.5 per cent to N7.9 trillion in the period under review, compared to N7.7 trillion recorded at the end of the 2020 financial year whilst shareholders’ funds grew to N762.4 billion up by 5.3% from N724.1 billion as at FY 2020.”

Group Managing Director of UBA, Kennedy Uzoka, said the result reflects the bank’s capacity to grow earnings in a highly uncertain macroeconomic environment.

He expressed satisfaction with the bank’s performance, adding that its current capital and liquidity ratio have positioned the bank as it continues to support its customers across diverse sectors and markets, guided by prudent risk management practices.

Uzoka said the bank is committed to sustaining its performance through a customer driven approach for the rest of the year.

“This impressive 2021 Q1 results reflect the capacity of our business to sustainably grow earnings even in a highly uncertain macroeconomic environment,” he said.

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