Business
CIoD Nigeria Holds Tijjani Borodo’s Investiture Ceremony In Lagos Thursday
The Chartered Institute of Directors Nigeria (CIoD Nigeria), has concluded plans to host the investiture ceremony of Alhaji Tijjani Mohammed Borodo, as President and Chairman of Governing Council.
In a statement, Mr. Dele Alimi, the Director – General/ Chief Executive Officer of CIoD Nigeria, said: “The high-profile event is scheduled to hold on Thursday 14th September, 2023 at the Eko Hotels and Suites, Victoria Island, Lagos at 6pm prompt.
He disclosed that Alhaji Borodo emerged as President after a duly conducted election at the Institute’s 39th Annual General Meeting on Thursday 22nd June 2023 at the Institute’s Secretariat, Ikoyi, Lagos.
” He is to steer the ship of the Institute and take charge of its affairs for the next two years,” he said.
Profile of Alhaji Borodo
Alhaji Borodo, a Fellow of the Institute of Directors Nigeria, a distinguished lawyer and the pioneer Company Secretary of FBN Holdings Plc., is an astute boardroom executive who has served the Institute previously in various capacities such as First Vice President, Second Vice President, Chairman, Finance & General-Purpose Committee, Chairman, Membership and Branch Development Committee and Honorary Legal Adviser among others.
He is the Founder and Principal Partner at Tijjani M. Borodo & Associates Law Firm and an accomplished Board Executive of repute.
He is a member of the Nigerian Bar Association; member of International Bar Association (IBA) and an Alumnus of the prestigious Ahmadu Bello University, Zaria and University of Essex, United Kingdom.
He is also an Independent Non-Executive Director at Cowry Asset Management Limited, Signature Bank Limited and Sanlam Life Insurance Nigeria Limited.
Dignitaries
Notable among expected guests at the event are Chief Dr. Olusegun Osunkeye, as the Chairman of the occasion;
His Excellency, Dr. Dauda Lawal, Governor of Zamfara State as Special Guest of Honour; HRH Alhaji Aminu Ado Bayero, the Emir of Kano as Royal Father of the Day, and Mr. Oscar Onyema, as Guest Speaker.
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Business
WEF could appoint Lagarde as its next chair, sources say
The WEF’s Board of Trustees, which includes Lagarde herself, was due to meet on November 2 and could elect her as its next chair, said the people close to the organisation, who spoke on condition of anonymity due to the sensitivity of the matter.
•European Central Bank President Christine Lagarde
The World Economic Forum could appoint Christine Lagarde as its next chair as soon as next month, four people close to the organisation told Reuters, meaning she would step down early as European Central Bank chief and trigger a wider reshuffle at the top of the ECB.Lagarde’s ECB term is scheduled to end in October 2027.
Leaving early would give European Union leaders a chance to pick a new ECB President before France’s spring presidential election, which opinion polls suggest the far-right could win, and could pave the way for a deal involving two other senior ECB roles.
The WEF’s Board of Trustees, which includes Lagarde herself, was due to meet on November 2 and could elect her as its next chair, said the people close to the organisation, who spoke on condition of anonymity due to the sensitivity of the matter.
No final decision has been taken yet, they said.
A spokesperson for the WEF said the forum could not confirm when the next full Board of Trustees meeting would take place, but that the aim was to hold one before the end of the year.
Business
Germany plans tax on sugary drinks
The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.
The German cabinet has approved draft legislation to tax sugary drinks in Europe’s biggest economy.
If passed by the German Bundestag, the tax will take effect on 1 July 2027.
The coalition aims to raise revenue for the federal budget while encouraging manufacturers to reduce sugar content and offer healthier products.
The levy is intended to ease pressure on the healthcare system, which faces costs of more than €2 billion every year linked to the high consumption of sugary drinks, which contributes to obesity, diabetes and tooth decay.
According to the federal government, Berlin is using the tax to implement “what associations from the fields of health, science, child protection, and consumer protection have long been demanding.”
The tax is expected to generate additional revenue for the federal government of €690 million in 2027 and €925 million in 2028.
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