Business
Mining Stakeholders Hails Return of Fatima Umaru-Shinkafi to drive non-oil sector
The Association of Small Scale Miners of Nigeria (ASSMN) Zamfara State Chapter , and the Nigerian Chamber of Mines and Geological Workers have applauded the reappointment of the Executive Secretary of Solid Minerals Development Fund/Presidential Artisanal Gold Mining Initiative (SMDF/PAGMI), Fatima Umaru-Shinkafi, by President Bola Tinubu.
In separate statements, the leadership of the associations expressed gratitudes to President Tinubu: “It’s a well-considered appointment that will further consolidate, deepen, and strengthen the solid minerals sector.”
The Chairman of ASSMN, Abubakar Rabiu, also congratulated Fatima Umaru-Shinkafi on President Tinubu’s renewal of her appointment and urged her to justify the confidence Nigerians reposed in her to drive the non-oil sector of the economy in tandem with the President’s Renewed Hope Agenda of a prosperous, equitable, and just democratic nation.
The association praised Fatima Umaru-Shinkafi for her dedication and commitment to developing the solid minerals sector in Nigeria.
This sector has attracted foreign investors, empowered local miners, and provided jobs to thousands of youths, thus contributing significantly to the country’s gross domestic product.
According to the association, Fatima Umaru-Shinkafi is a paragon of excellence and will be motivated to take the solid minerals sector to the next level.
“The association is proud of Fatima Umaru-Shinkafi and will support her leadership of SMDS/PAGMI in revamping the nation’s economy and providing citizens with democratic dividends.
“We urge Nigerians to support this woman of destiny in our collective quest for a better society,” said Abubakar Rabiu.
Similarly, the Nigerian Chambers of Mines, Geological Workers, also throw its weight behind Fatima’s reappointment.
With a deep understanding of the solid minerals sector’s challenges and prospects, she will effectively tackle illegal mining, poor regulatory compliance and formulate policies that promote best practices in the industry.
The Association’s Chairman, Silas Kefas, described her reappointment as a well thought out decision and underscored the government’s confidence in her impactful leadership aimed at harnessing the solid minerals sector’s full potential and economic diversification essential for sustainable development and prosperity.
“A visionary leader and master strategist in the solid minerals industry, Fatima Umaru-Shinkafi’s laudable reform has revolutionalized the sector, attracted local and foreign investors and repositioned Nigeria as a competitive player in the global minerals market.
“With a renewed mandate, the solid minerals industry will witness significant advancement in the promotion of artisanal gold mining and value chain development, capacity building, job creation, infrastructural development, enhanced export capacity, financial prudence and significant contribution to the country’s gross domestic product that will revive the economy and foster prosperity to citizens.
With a deep understanding of the solid minerals sector’s challenges and prospects, she will effectively tackle illegal mining, poor regulatory compliance and formulate policies that promote best practices in the industry.
“We recall with pride the recent SMDF’s empowerment programme for 1000 women entrepreneurs in gemstone mining and utilisation as part of efforts towards contributing to the nation’s economic diversification starting with 100 womenparticipants in Lagos.
We are optimistic that thousands of women and youth will benefit from this worthy programme that will improve their well-being and make them self-reliant.
“We identify with Fatima Umaru-Shinkafi’s remarkable leadership and will always partner with SMDF/PAGMI to take the solid minerals sector to greater heights.
“We are all in it together to diversify and revamp the economy in line with President Tinubu’s Renewed Hope Agenda. Congratulations to the great Amazon of the solid minerals sector. It is a well-deserved re-appointment for continuity, development and advancement of SMDF/PAGMI.”
Business
Exchange Rates Today Friday, 12 June
Black Market Rates
US Dollar (USD) ₦1,397
Great British Pound (GBP) ₦1,850
Official CBN Exchange Rates
US Dollar (USD) ₦1,363. 83
Great British Pound (GBP) ₦1,821. 25
EURO (EUR) ₦1,572. 90
SWISS FRANC (CHF) ₦1,706. 49
JAPANESE YEN (JPN) ₦8.50
CHINESE YUAN (CNY) ₦201.20
West African CFA (XOF) ₦2.40
West African Unit Account (WAUA) ₦1,857. 45
SAUDI RIYAL (SAR) ₦363. 29
SOUTH AFRICAN RAND (ZAR) ₦82.61
Black Market Rates
US Dollar (USD) Buy ₦1,397 Sell ₦1,405
Great British Pound (GBP) Buy ₦1,850 Sell: ₦1,870
EURO (EUR) Buy ₦1,587 Sell ₦1, 607
Canadian Dollar (CAD) Buy ₦1,030 Sell ₦1,100
South African Rand (ZAR) Buy ₦75 Sell ₦90
UAE Dirham Buy ₦350 Sell ₦370
Chinese Yuan Buy ₦180 Sell ₦200
Ghana Cedi (GHS) Buy ₦95 Sell ₦110
West African CFA Buy ₦2, 380 Sell ₦2, 460
Central African CFA Buy ₦2, 220 Sell 2,300
Australian Dollar Buy ₦800 Sell ₦900
Business
Airtel launches data calculator to counter depletion complaints
Commenting on the significance of the launch, Dinesh Balsingh, Chief Executive Officer, Airtel Nigeria, said that the company remains focused on building a network and customer experience ecosystem anchored on trust, transparency and continuous improvement.
Airtel Nigeria has launched the Airtel Web Data Calculator, a new digital tool designed to help customers estimate and better understand their internet data consumption based on real-life usage patterns.
Available through Airtel’s website, the calculator enables customers to estimate data usage across common digital activities such as video streaming, social media engagement, voice and video calls, and everyday web browsing.
Speaking on the launch, Oladokun Oye, Customer Experience Director, Airtel Nigeria, said that the initiative reflects Airtel’s commitment to customer empowerment and service transparency.
“As Nigerians become increasingly dependent on digital services for work, education, entertainment and communication, it is important that customers have clear visibility into how their data is consumed.
The Airtel Web Data Calculator was developed to help our customers understand their usage patterns better, make informed choices, and enjoy greater confidence in their digital experience,” he said.
Commenting on the significance of the launch, Dinesh Balsingh, Chief Executive Officer, Airtel Nigeria, said the company remains focused on building a network and customer experience ecosystem anchored on trust, transparency and continuous improvement.
“The future of telecommunications will be defined not only by network investments but also by how effectively operators help customers understand and manage their digital lives. The Airtel Web Data Calculator represents a practical innovation that places more information and control directly in the hands of our customers.” He said.
Business
Kingsley Moghalu chairs Bluecode Africa subsidiary in Nigeria
Moghalu served as Deputy Governor of the Central Bank of Nigeria from 2009 to 2014, heading the Financial System Stability and Operations Directorates at different periods.
Bluecode Africa, the European payments infrastructure operator backed by leading US and European institutional investors, has named Prof Kingsley Chiedu Moghalu as Chairman of the Advisory Board of its Nigerian subsidiary, Bluecode Payments Nigeria Limited as the company formally enters the Nigerian market.
The appointment was jointly announced by Chris Pirkner, Founder of Bluecode, and Odin Krismayr, Managing Director of Bluecode Africa, who described it as a foundational governance decision for the company’s Nigerian and continental operations.
Moghalu served as Deputy Governor of the Central Bank of Nigeria from 2009 to 2014, heading the Financial System Stability and Operations Directorates at different periods.
He led the team that introduced the unique-identifier Bank Verification Number (BVN), enrolling 50 million banking users, simplifying Know Your Customer (KYC) procedures, and doubled Nigeria’s financial inclusion rate from 33 to 60 per cent.
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