Business
NACCIMA’s Dele Oye To Address World Chambers Congress Next Week In Geneva
The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Dele Oye, is billed to address delegates at the 13th World Chambers Congress about Nigeria’s business opportunities.
In a statement, NACCIMA said that the congress being organised by the International Chambers of Commerce (ICC), World Chambers Federation and Geneva Chambers of Commerce, is the world’s largest economic forum for chambers and businesses.
This year’s edition, with the theme, “Achieving Peace and Prosperity Through Multilateralism,” is taking place in Geneva, Switzerland, next week (June 21 -23).
It said that the congress, will bring together economic actors, business leaders, and policymakers from across the globe to exchange experiences and examine issues affecting international trade and businesses, among others with the aim of shaping the next economic era in service of peace and prosperity.
During the event, Oye, a lawyer with over 33 years of experience in litigation and business transactions, will be sharing insights into the nation’s non-oil export sector, which holds immense potential for economic growth and diversification.
The NACCIMA boss will also be providing perspectives into other diverse sectors that showcase Nigeria’s tremendous potential, including agriculture, manufacturing, and the nation’s booming creative sector, which has continued to gain global recognition, as well as the African Continental Free Trade Area, which has immense potential to foster trade, spur economic growth, and deepen cooperation within Africa.
Business
Air Peace Achieves IATA’s IOSA Certification for Sixth Consecutive Times
The IOSA certification, which is renewed regularly by airlines, presumes that the airline operates with the highest standard of safety.
Air Peace has achieved its sixth consecutive International Air Transport Association (IATA) Operational Safety Audit (IOSA) certification.
The IOSA certification, which is renewed regularly by airlines, presumes that the airline operates with the highest standard of safety.
Speaking at the presentation ceremony, Dr. Samson Fatokun, IATA’s Regional Director for West and Central Africa, commended Air Peace for consistently meeting the stringent safety requirements.
Fatokun stated that when it comes to global safety standards, Air Peace stands shoulder to shoulder with aviation giants and the best airlines in the world.
He noted that the IOSA certification process, conducted by independent external auditors, is one of the most rigorous assessments in the industry, designed to ensure compliance with international safety and operational standards.
According to him, Air Peace has not only maintained but surpassed expectations, earning a reputation for safety that places it on a pedestal in the international aviation sectors.
Fatokun further emphasized that achieving and renewing the IOSA certification is no small feat, as many airlines struggle to maintain compliance after initial success.
He urged other Nigerian airlines to follow Air Peace’s example, noting that prioritizing safety and operational integrity would elevate the entire industry and enhance Nigeria’s reputation in global aviation.
The Chairman/CEO of Air Peace commended the Nigerian government, particularly the Minister of Aviation, for creating a supportive environment that encourages the growth of local airlines.
He called on other airlines to strive for IOSA certification, which not only validates their safety processes but also positions them as credible competitors on the global stage.
According to him, this milestone is not just a badge of honor for Air Peace but also a source of pride for Nigeria, showcasing the country’s ability to produce world-class airlines capable of holding their own among global giants.
Onyema further expressed his profound gratitude to God, the staff, and the management for their relentless efforts in sustaining this remarkable milestone.
He described the certification as a testament to Air Peace’s unwavering dedication to operational excellence and its commitment to prioritizing the safety and comfort of passengers.
Business
Parents Slam Lawsuits Against P&G, Crest, Colgate for fluoride in kids’ toothpaste, mouth rinse
Last week, a study, published in the journal JAMA Pediatrics linked higher fluoride exposures in children to lower IQ scores.
Image credit: Shoprite.ng
(Reuters) – Procter & Gamble (PG.N), and Colgate-Palmolive (CL.N), are among the defendants in six new lawsuits targeting the sale of toothpaste and mouth rinse for young children because the products contain fluoride, which can be harmful if swallowed in large quantities.
Parents filed complaints on Monday in federal courts in Illinois and California over products such as Procter & Gamble’s Kid’s Crest toothpaste and several products sold under Colgate’s namesake, Tom’s of Maine and Hello brands.
Other challenged products include Perrigo’s (PRGO.N), Firefly anti-cavity rinse, and, Sanofi’s (SASY.PA) ACT Kids rinse.
The proposed class actions cite warnings from U.S. health regulators that fluoride-based toothpastes and rinses not be used by children under ages 2 and 6, respectively, and that the toothpastes be kept out of reach of children under age 6.
They also say the products are marketed as “candy-like” with bright colors, cartoon images and flavors such as Groovy Grape and Silly Strawberry.
The color of one Kid’s Crest product is shown changing to pink from blue as children brush. Fluoride helps prevent cavities when applied topically to the teeth, but when ingested can pose significant risks to and even kill young children, according to the lawsuits.
Procter & Gamble, Colgate, Perrigo and Sanofi did not immediately respond to requests for comment.
The lawsuits seek restitution, compensatory damages and triple or punitive damages for violations of various consumer protection law.
These lawsuits are not about whether fluoride toothpaste should be available to those who want it,” Michael Connett, a partner at the law firm Siri & Glimstad representing the parents, said in an interview.
“They are about companies that mislead consumers into believing these products are harmless to young children.”
The relationship between fluoride and human health has long been debated.
Last week, a study, published in the journal JAMA Pediatrics linked higher fluoride exposures in children to lower IQ scores.
In September, a San Francisco federal judge ordered the Environmental Protection Agency to further regulate fluoride in drinking water because of the possible link to lower IQ. Connett represented advocacy groups seeking additional regulation.
The Illinois cases are Gibson et al v. Perrigo Co, Gurrola et al v. Procter & Gamble Co, Harden et al v. Colgate-Palmolive Co, and Gurrola et al v. Chattem Inc, U.S. District Court, Northern District of Illinois, Nos. 25-00348, 25-00358, 25-00362 and 25-00366.
Business
U.S Gifts Nigeria $2 Million Broadband Study Grant
During the Technology Dialogue, the U.S. Department of State hosted a senior delegation from the Nigerian government led by the Honorable Minister of Communications, Innovation and Digital Economy Bosun Tijani.
The United States and Nigeria have signed a new $2,095,000 grant to assess the viability of the deployment of at least 90,000 km of new fiber optic backbone infrastructure across Nigeria.
The grant was signed during the U.S- Nigeria Technology Dialogue hosted by the Department of State in Washington, D.C.on January 10.
In a statement, the Office of the Spokesperson said that the project, funded by the U.S. Trade and Development Agency, supports Nigeria’s National Broadband Plan 2020-2025 to increase the country’s broadband penetration rate from 42.27 percent to 70 percent and ensure that at least 90 percent of Nigeria’s population has access to affordable and reliable broadband coverage.
During the Technology Dialogue, the U.S. Department of State hosted a senior delegation from the Nigerian government led by the Honorable Minister of Communications, Innovation and Digital Economy Bosun Tijani.
The parties discussed enhancing the resilience and security of essential services and facilities; promoting digital trade, e-commerce, and innovation-driven economic growth; developing a skilled workforce to meet the demands of the digital age; expanding our artificial intelligence partnership related to capacity building, infrastructure, and rights-respecting approaches to governance; and promoting information integrity.
Following the formal Technology Dialogue, the delegations joined a roundtable discussion with industry representatives hosted by the U.S. Chamber of Commerce.
Industry participants included representatives from over 25 U.S. and Nigerian companies active in technology sectors, including artificial intelligence, telecommunications, digital infrastructure, satellites, aerospace, fintech, and cybersecurity.
The program featured a panel discussion on Advancing Public-Private Sector Investment in Innovation and Digital Talent Development.
This panel highlighted opportunities for public-private partnership and investment solutions to spur innovation and promote digital talent development through the U.S.-Nigeria commercial partnership.
A second panel discussion on the role of critical infrastructure in advancing the use of AI examined the interplay between the infrastructure that is essential to the development of AI and the governance frameworks that can help spur deployment of emerging technologies to support inclusive growth.
In line with the Technology Dialogue, the United States and Nigeria agreed to hold a virtual expert exchange on AI-enabled biotechnology.
This discussion will explore how the convergence of AI and biotechnology can spur progress in addressing global health, food security, and science – with a focus on sub-Saharan Africa.
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