Ships & Ports CEO, Bolaji Akinola, bags PhD – Newstrends
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Ships & Ports CEO, Bolaji Akinola, bags PhD

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The Pro-Chancellor/Chairman of Governing Council, Pan-Atlantic University (PAU), Mr. Henry Odein Ajumogobia, SAN, OFR (right) conferring the Doctor of Philosophy (PhD) degree in Media and Communication on Dr. Bolaji Akinola (left) at the 17th convocation ceremony of PAU in Lagos, on Thursday.

Maritime and corporate communication expert, Bolaji Akinola, has bagged a Doctor of Philosophy (PhD) degree in Media and Communication from the Pan-Atlantic University, Ibeju-Lekki, Lagos.

Akinola, who is the CEO of Ships & Ports Limited, consults for leading maritime companies within and outside Nigeria in addition to being co-founder/director of the Maritime Microfinance Bank Limited, Apapa.

The PhD degree was conferred on Akinola by the PAU Pro-Chancellor/Chairman of Governing Council, Mr. Henry Odein Ajumogobia, SAN, OFR and the Vice Chancellor of the University, Prof. Juan Elegido.

Akinola said, “My commitment is to lifelong learning. Every day, we commit to learning, growing and developing ourselves so we can add value to our industry, country and the world.

“Expanding our knowledge comes down to diving deeper into our areas of expertise. One commits to learning more and more about one’s industry, and commits to sharpening timeless, applicable skills that help us move forward daily in life.”

Akinola’s PhD thesis titled Millennials, Digital Natives and the Future of Print Newspapers, was successfully defended before an online panel on October 29, 2020.

The thesis was supervised by Dr Ikechukwu Obiaya. The examining panel was made up of Dr Mike Okolo as Chairman, Prof. Akashoru, the external examiner; as well as Dr. Nelson Okorie and Dr Kingsley Ukaoha, the internal examiners from the School of Media and Communication.

Akinola also holds MBA (Lagos Business School), Masters in Transport Management (Ladoke Akintola University of Technology, Ogbomosho, Oyo State) and PGD Journalism (Times Journalism Institute, Lagos).

He served as the Executive Secretary, Nigeria Maritime Expo (NIMAREX) and President, Maritime Reporters Association of Nigeria (MARAN) from 2011 to 2014.

A Fellow of the Nigerian Institute of Shipping (NIS) and Fellow of the Certified Institute of Shipping of Nigeria (CISN), he has won several awards and accolades in the maritime sector.

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Tinubu orders creation of single-digit tax system

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Tinubu orders creation of single-digit tax system

President Bola Tinubu has directed a creation of a single-digit tax system with a maximum of nine taxes for a company or an individual.

Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, disclosed this in Abuja while speaking with the management team of Guinness Nigeria who paid him a visit.

A statement on Wednesday by Dare Adekanmbi, Special Adviser on Media to the FIRS chairman, quoted Adedeji as saying, “The President gave a directive that he wants a single-digit tax in the country, meaning that the maximum number of taxes we will have after the work of the Presidential Committee on Fiscal Policy and Tax Reforms will be nine taxes.”

The statement added that the plan was aimed at having a conducive environment “created for businesses to flourish and grow the economy.”

 

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Naira gains further against dollar

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Naira gains further against dollar

The Naira rose further in the official market on Tuesday, trading at N1,382.95 to the dollar.

According to data from the FMDQ’s official trading portal, the Naira rose by N25.09, or 1.78 percent, from the previous day’s rate of N1,408 versus the dollar.

On Tuesday, total turnover was $245.58 million, up from $222.15 million on Monday.

Meanwhile, at the Investor’s and Exporters (I&E) window, the Naira traded between N1,486 and N1,300 against the dollar.

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The News Agency of Nigeria (NAN) reports that the Central Bank of Nigeria (CBN) had, earlier on Tuesday at its 294th Monetary Policy Committee (MPC), raised Monetary Policy Rate (MPR) by 200 basis points from 22.75 per cent to 24.75 per cent.

CBN governor Yemi Cardoso said that was meant to tackle the nation’s rising inflation.

Naira gains further against dollar

(NAN)

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CBN jacks up interest rate amid soaring inflation

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CBN jacks up interest rate amid soaring inflation

The Central Bank of Nigeria (CBN) on Tuesday raised the interest rate from 22.75 per cent to 24.75 per cent amid soaring inflation.

Governor of the central bank, Olayemi Cardoso, made this known after the two-day Monetary Policy Committee (MPC) meeting held on Monday and Tuesday.

The country’s latest annual inflation rate jumped to 31.70 per cent from 29.90 per cent for last month, fueled by a continuous rise in food prices.

Cardoso disclosed that the MPC voted to adjust the asymmetric corridor around the MPR at +100 to -300 basis points.

He said the committee voted to retain the Cash Reserve Ratio (CRR) at 45 per cent for commercial banks and adjust the CRR of merchant banks from 10 per cent to 14 per cent.

The committee also voted to retain the liquidity at 30 per cent.

He said, “Members noted the continued rise in headline inflation driven largely by food prices, because of supply shortages, and high cost of Logistics and Distribution.

“The committee, therefore, was of the view that addressing food insecurity is key to containing current inflationary pressures.”

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