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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Toyota Nigeria hosts Toyota Motor Show in Lagos this week

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Toyota Nigeria hosts Toyota Motor Show in Lagos this week

Toyota (Nigeria) Limited (TNL) will this week treat its customers and fans to a special Toyota Motor Show in Lagos.
The three-day event holding from Thursday, June 27 to Saturday, June 29, 2024 at The Podium in Lekki, will provide an enabling environment for customers and prospects to interact closely with their vehicles and get more informed about the company’s after-sale services/products vis body and paints and allied products, vehicle service and spare parts.
The Motor Show, the company said, would feature test drive of different models, free vehicle diagnostics, as well as a full complement of after-sales services on the ground for customers to take advantage of.
Senior management staff of TNL will also be on the ground to meet with customers and prospective customers.
The event scheduled to hold from 10 am to 7pm daily, according to TNL, will “provide an enabling environment for our customers to touch and feel our array of wonders on wheels.
“We want our customers to take advantage of the topnotch services we offer, such as improving the interior of your vehicle and the body to look good as new.
“Body and paint products and spare parts will also be on sale. Special service package opportunity is part of the deal.”
The company advised motorists to visit the Toyota Motor Show and take advantage of the huge discounts on vehicle purchase and servicing of their vehicles, which would be applied immediately or locked in to be redeemed later.
Some of the Toyota models being distributed by Toyota (Nigeria) Limited and would also be on display at the Show are Belta, Starlet, Rumion, Corolla, Camry, Corolla Cross, Hiace bus, Hiace Ambulance, Coaster, Hilux ( Prerunner), Hilux with canopy, other Hilux options, Prado TX and LC 300 VX Turbo
Toyota Nigeria’s facilities and dealership network are spread across Nigeria, manned by a well-trained workforce to deliver top-notch service to customers across Nigeria.

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Dangote accuses IOCs of manipulating crude prices to frustrate his refinery

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Africa’s richest man and Chief Executive Officer of Dangote Group, Aliko Dangote

Dangote accuses IOCs of manipulating crude prices to frustrate his refinery

Devakumar Edwin, the Vice President, Oil and Gas at DIL made the accusation in a statement on Sunday, June 23, 2024, obtained by this reporter.

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JUST IN: Nigeria’s forex reserves hit 3-month high

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JUST IN: Nigeria’s forex reserves hit 3-month high

Nigeria’s foreign exchange (FX) reserves have climbed to their highest level since March 28, 2024, marking a significant financial achievement that aligns with the longest stretch of exchange rate stability seen in over a year.

This milestone comes as Nigeria secures a series of financial commitments from the World Bank through new multilateral loans.

The latest data from the Central Bank of Nigeria (CBN) reveals that the reserves now stand at $33.58 billion as of June 19, 2024. This marks a substantial recovery from the end of March 2024, when the reserves peaked at $33.83 billion before entering a period of decline.

The rise in FX reserves follows three months of notable fluctuations, which saw the reserves plummet to a low of $32.11 billion on April 19, 2024, raising concerns about the nation’s financial stability. In response, the central bank Governor addressed the issue at the IMF Spring meeting in April.

Since then, a steady and consistent upward trajectory has been observed, coinciding with a period of exchange rate stability. This month, the official exchange rate has averaged N1,481/$1, fluctuating within a narrow band of plus or minus 0.06%.

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According to CBN data, forex reserves have risen by 5%, or $1.47 billion, in the last two months, climbing from $32.11 billion on April 19, 2024, to $33.58 billion by June 19, 2024. This growth represents a significant boost for the country’s external reserves, as the CBN continues to implement policies that attract forex liquidity.

Critics, however, will note the improved liquidity position, considering the myriad of policies implemented by the central bank over the past year and several promises of potential forex inflow from foreign portfolio investors. Improved liquidity in forex turnover has been observed, with the average turnover for June to date at $199 million daily compared to $168 million in the same period in May. Total forex turnover in June is now $2.1 billion, spanning 11 days of trading.

The Monetary Policy Committee (MPC) recently urged the CBN to focus on boosting external reserves. The Monetary Policy Communique from its 295th meeting noted:

“The Committee also noted the marginal increase in the external reserve balance between March and April 2024 and urged the Bank to sustain its focus on accretion to reserves.”

To ensure a steady flow of foreign exchange into the country, the CBN plans to double diaspora remittance inflows this year.

Additionally, Afrexim Bank recently disbursed $925 million, another tranche of the $3.3 billion crude oil-backed loan agreement with the NNPC from last year. This brings the total payment for the facility to $3.175 billion, aiming to stabilize the forex market amid severe volatility.

Moreover, the World Bank has approved $2.25 billion in loans to Nigeria to bolster economic stability and support vulnerable populations. This financial injection is designed to provide immediate financial and technical support for Nigeria’s urgent economic stabilization efforts.

JUST IN: Nigeria’s forex reserves hit 3-month high

(NAIRAMETRICS)

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