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58 Nigerian Companies Among Fastest Growing In Africa, Says London Stock Exchange

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The London Stock Exchange Group (LSEG) on Friday launched a report that listed 58 Nigerian companies among the fastest growing private businesses in Africa.

The report published on the LSEG website-www.lseg.com in London and accessed by the News Agency of Nigeria (NAN) in Abuja, identified 343 companies in 42 African countries.

It described the Nigerian companies, including small business concerns that made the list, as the most exciting and promising.

According to the report, the 58 companies demonstrated the success of Nigeria’s efforts to diversify its economy.

The report declared: ‘Industry is the biggest sector to be represented in Nigeria, with 17 companies featuring on the list.

“This is closely followed by consumer services, where 11 providers have been selected, demonstrating the success of Nigeria’s efforts to diversify its economy.’’

Prominent among the companies listed by the report are Beloxxi Industries Limited, biscuit producers of popular brand Beloxxi Cream Crackers.

Also on the list are Interswitch, an electronic payment processer, Channels Television, Arik Air, FAN Milk International and CHAMS

Others are Mouka Limited, mattress manufacturers, and Sigma Pensions.

The report also listed online marketing concerns such as JUMIA, KONGA and St Nicholas Hospital in the health sector.

It quoted LSE International Development Secretary, Priti Patel as saying: “LSE’s first-ever ‘Companies to Inspire Africa’ report is proof of the dynamism and vision of the City of London in supporting Africa’s growing economies.

“Now is the time for UK businesses to seize the opportunities offered by Africa, and the UK Government is supporting the City of London to become the global financial centre for the developing world.

“This will help Africa industrialise faster, trade more and create millions of jobs, driving the continent forward to a future of prosperity and helping some of the world’s poorest countries stand on their own two feet.”

Xavier Rolet, Chief Executive, LSEG said: “… For the first time ever, we have identified hundreds of Africa’s most inspirational and dynamic private companies.

“The report demonstrates the huge role that small and medium size enterprises are playing as the driving force behind African economies: developing skills, creating high quality jobs and delivering growth.

“London Stock Exchange has made it a mission for over 300 years to support access to growth capital for small and large companies in all parts of the world.”

LSEG, according to Rolet, is proud to play its part in this great economic journey by shining a light on Africa’s success stories.

Source: Guardian

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Tinubu finally speaks on Lekki shooting, tells Buhari to find culprits

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Tinubu finally speaks on Lekki shooting, tells Buhari to find culprits

Former Governor of Lagos state and the All Progressives Congress (APC) Chieftain, Bola Ahmed Tinubu has commented on the Lekki toll gate shooting that left many dead and several others injured.

The Lagos politician who was interviewed via telephone by a Channels TV reporter, Olu Philips, shared his shock over the shooting and also revealed that he is ready to complain to the highest authorities.

Contrary to people’s predictions, Tinubu however denied ordering the shooting and also stated that he can only control his security guard. He again reiterated that he will never be part of any group that uses live ammunition against protesters.

Insisting that he has always been an activist, the APC Chieftain expressed sympathy for the victims of the incident and advised the federal government to “fish out whoever gave the order (for the shooting) and put them on trial”.

He then recalled how he was falsely accused of being behind #EndSARS protests. Tinubu who noted that he doesn’t believe that Buhari ordered the shooting, appealed for calm over the incident. He also denied having a stake in the Lekki toll gate or suffering a loss due to the continous blockage of the area by #EndSARS protesters.

He said,

“It is early hours of the morning, there’s no way I can talk to the authorities or wake them up now. I have tried to reach the NSA, I have tried to reach the head of the army.

“You don’t call the president at this hour, but I strongly condemn the act. There are other means of settling or dispersing protest. Why would they use live bullets? There are rubber bullets.

“I am not even sure yet they are Nigerian army, I am not sure how well the uniforms of the army are controlled. But that is not as critical as the bloodshed that has occurred.

“We have lost our sleep, we have lost our peace of mind, (and) we just have to deal with it.”

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Buhari Will Come Up With Solutions In Few Hours -Major General Babagana Monguno

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Buhari Will Come Up With Solutions In Few Hours -Major General Babagana Monguno

It has been reported that the National Security, Major General Babagana Monguno (retd), on Thursday said the President Muhammadu Buhari, would come up with solutions to the ongoing violence erupting in parts of the country ”in the next few hours”.

Babagana Monguno Says Buhari Is Coming Up With Solutions

According to Punch, May Babagana did not disclose the solutions, he said they would communicate to parties concerned.

Mongunu revealed this in an interview with State House correspondents at the end of a meeting of the National Security presided over the President.

The NSA also did not disclose whether the President will announce the solutions through a national broadcast.

He said,

“The President himself, I have just left his office, is also going to deal with these issues in a specific manner apart from what has just taken place in council.

I believe in the next couple of hours, Mr President will come up with certain solutions that will be agreeable to the entire federation.”

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Another Warehouse Loaded With COVID-19 Palliative Allegedly Uncovered In Lagos

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Another Warehouse Loaded With COVID-19 Palliative Allegedly Uncovered In Lagos

Lagos State residents have again uncovered another warehouse where COVID-19 palliatives are been stored.

The palliatives discovered on Thursday (today), October 22, were meant for residents of Festac-Okota but were secretly stored in the warehouse.

According to reports, at least four people have died at the warehouse due to the hundreds of people that gathered to cart away the food items which include rice, beans, yams, and others.

However, the individual or group of persons who stored up the food items believed to have been provisioned by the government to share for the masses to cushion the effect of COVID-19 are yet to be known as at the time this report is given.

The angry youths and some old-aged citizens in the area gain entrance into the warehouse with force and do away with food items of their choices.

See video below;

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