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Hogan Lovells Leads Discussion on Sustainable Growth in Nigeria’s Mining Sector

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As part of its efforts to ensure sustainability in the Nigerian mining sector, global law firm, Hogan Lovells, recently hosted a forum to discuss global best practices and establish solutions that can lead to sustainable growth in this sector.

The symposium was chaired by Hogan Lovells Partner and Head of Africa, Andrew Skipper, during the recent UK-Africa Investment Summit in London.

During the session, it was noted that the federal government of Nigeria had embarked on several economic initiatives to make the mining industry attractive, robust and conducive for investors and operators.

These initiatives include tax incentives on equipment and practical steps to encourage export and downstream processing, which are in line with the government’s agenda of diversifying the nation’s economy.

While addressing stakeholders, Skipper highlighted the significance of gaining insights into the Nigerian mining sector, stressing the need to understand the different laws backing the industry.

He noted that there are huge opportunities in mining in Nigeria, which need to be recognised and harnessed by stakeholders. “It’s vital that there is a thorough understanding of mining legislation, including applications for and renewals of exploration rights, mining rights and permits in all of the various mining sectors,” said Skipper.

At the summit, Nigeria’s Minister of Mines and Steel Development, Arc Olamilekan Adegbite, explained that, because Nigeria has primarily been known as an oil and gas producer and explorer, the country’s focus for the past four decades has been on this sector. This has led to 30 years of under-development and stagnation in Nigeria’s solid minerals industry.

However, the government now wants to diversify from oil and gas and revive Nigeria’s rich mining sector with attractive incentives for investors. Adegbite said, “Our approach to the enactment of a ‘Nigeria Beyond Oil’ era is holistic; this integrated method involves the development of the necessary infrastructure to support the mines and mining communities”.

In his presentation, Prof. Konyin Ajayi, Managing Partner at law firm Olaniwun Ajayi LP, (SAN), praised the strategies being put in place by the ministry, saying it would enhance the development of the sector for the realisation of the government’s agenda of economic diversification.

The panel of speakers at this forum included Kevin Pietersen, Partner at Hogan Lovells Johannesburg; Arc Olamilekan Adegbite, Nigeria’s Minister of Mines and Steel Development; Osam Iyahen, Director at Africa Finance Corporation (AFC); Abubakar Abba Bello, Chief Executive Officer at Nigerian Export-Import Bank; Kieran Harrington, Consulting Geologist at PW Nigeria Limited; and Catriona Laing, UK High Commissioner to Nigeria.

Twenty-one African leaders joined the UK-Africa Investment Summit on 20 January, which was also attended by UK and African businesses, international institutions and young entrepreneurs.


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Glo Urges Workers to Reflect on Furthering National Growth on May Day

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Telecommunications services provider, Globacom, has admonished Nigerian workers to reflect on more ways of contributing further to the growth of the country.

In a solidarity message on the occasion of the 2024 International Workers’ Day, the company noted that Nigerian workers were resilient in spite of the challenges they encounter in the course of discharging their duties.

The telecommunications giant further noted that the story of Nigeria cannot be adequately chronicled without acknowledging the immense contributions of workers, both in the public and private sectors.

The day is observed on May 1 yearly in recognition of the contributions of workers all over the world and to advance fairer and more sustainable future by advocating for workers’ rights.

“We salute Nigerian workers on this day and commend them for the hard work, commitment, resourcefulness and industry which are essential for the growth of the economy of any nation,” Globacom said.

 


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CWG Board of Directors Approves 400% Increase in Dividend Payout

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CWG Plc has announced a significant milestone in its commitment to delivering value to shareholders. Following a thorough review of the company’s financial performance and outlook, the Board of Directors has approved a substantial increase of 400per cent in dividend payout to shareholders.

This decision reflects CWG’s confidence in its financial stability, growth trajectory, and ability to generate sustainable returns. By enhancing the dividend payout, CWG aims to reward shareholders for their continued trust and support while reaffirming its commitment to creating long-term value.

Mr. Philip Obioha, Chairman of the Board of Directors at CWG Plc, said, “The decision to approve a 400% increase in dividend payout underscores our confidence in CWG’s performance and outlook. We are dedicated to delivering value to our shareholders and believe that this significant dividend increase is a testament to our commitment to shareholder value creation.”

This increase in dividend payout aligns with CWG’s strategic objectives to prioritize shareholder interests and maintain strong financial discipline. The Board remains committed to prudent financial management and sustainable growth, ensuring that CWG continues to be a reliable investment for shareholders.

As CWG continues to execute its growth strategy and expand its presence in the market, the Board anticipates that the increased dividend payout will further strengthen investor confidence and support CWG’s vision for the future.


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Prof. Aliyu, AI Practitioner to Keynote ABoICT 2024

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CommunicationsWeek Media Limited, a certified global ICT company with over two million online subscribers, is delighted and proud to announce Prof. Yakub Aliyu, as the keynote speaker at Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture series 2024.

 

Aliyu, will be speaking on the theme: Artificial Intelligence (AI): The Good, The Complex and The Anticipated”, this leans heavily on the fact that AI changing our lives– we just need to know where to look today.

This year’s rebranded Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture/Awards Series is slated for Saturday, May 25, 2024 at the Four Points by Sheraton, Lagos.

The event is the most prestigious annual event that brings together captains of industry in both technology and financial worlds.

According to Ken Nwogbo, CEO, Communication Week Media Ltd, organisers of the ABoICT Distinguished Lecture/Awards Series, “the choice of Prof. Yakub Aliyu is deliberate because of his exceptional career in Artificial Intelligence (AI)”.

He added that, AI is considered to have the potential to instigate a fourth industrial revolution,1 and is dramatically changing people’s patterns of interaction and economic activities.

“The traditional factors of production and physical capital and labour may no longer promote substantial economic growth. It is generally believed that AI will be one of the most important factors determining future economic growth,” he said.

A professor of microelectronics and a scholar-practitioner in artificial intelligence and deep machine learning for industrial applications and high-speed application processors. His research interests include Multimodal AI models for high-efficiency industrial robot applications and Human AI interactions.

He also has adjunct academic professorships at five African, USA, and UK universities. Holds a BS in Applied Physics Electronics from Karlsruhe and A Bello Universities in Germany and Nigeria, an MBA in International Business Management from the University of London, an MSEE (Master of Engineering, Electronics), and a Ph.D. in Electronics Engineering from the University of Wales.

Prof. Aliyu is the global quality director for Bourns Inc., Riverside, California, USA, an electronics system, and components manufacturer. I oversee quality functions in 21 factories worldwide.

He has also held quality and operational management leadership positions at National Semiconductors, Bell Labs-Lucent Technology, Texas Instrument, Global Foundries, and Roper Technologies USA.

Authored and coauthored over 30 Advanced Technology United States-issued patents in High-Speed Application Processors and Contributed to over 40 international impact Journals, chapters, and conferences; FASI, SMIEEE USA, MIEE UK, M. Inst pf Physics Chartered Phys and C Eng UK.

Past lecturers included Dr. Ernest Ndukwe, then executive vice chairman, Nigeria Communications Commission (NCC); Engr. Yomi Bolarinwa, former Director-General of National Broadcasting Commission (NBC); Dr. Jean Luc Fort, CEO at OR System France and a specialist in Counterparty Risk; and Professor Chris Nwagboso, Chairman, Knowledge Factory International, United Kingdom.

Others are: Uche Orji, managing director/chief executive officer, Nigeria Sovereign Investment Authority (NSIA); Biodu Omoniyi, Managing Director/CEO, VDT Communications; Ayotunde Coker, Managing Director, Rack Centre Limited; Peter Adedayo Arogundade, managing director and chief executive officer, Sidmach Technologies Nigeria Limited; Dr. Adewale Obadare, chief visionary officer, Digital Encode and John Obaro, CEO and founder of Systemspecs; Prof. Isa Pantanmi, minister of Communications and Digital Economy; Dr. Seyi Akindeind, co-founder, Digital Encode; Dr Krishnan Ranganath, Regional Director, Africa Data Centres.


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