Business
SON Moves To Give Made in Nigeria Shoes Quality Seals
The Standards Organisation of Nigeria (SON) says it’s standard for the shoemaking industry when completed will give “Made in Nigeria” products and services, the leading edge in quality, customer satisfaction.
Mallam Farouk Salim, it’s Director-General, gave this assurance during a meeting with the stakeholders in the sector to draft a standard for shoemaking and cobbling services at its laboratory complex in Ogba, Lagos.
The Director – General, disclosed that the draft standard for shoe making and cobbling services has been initiated since 2017 but could not be presented for approval due to limited input by the stakeholders.
” The importance of stakeholders could not be overemphasized as any standard that does not elicit enough interest from stakeholders cannot meet the prerequisite due process for technical meeting and Council approval,” he said.
Salim, who was represented by Engr Timothy Abner, the Director, Training Services, noted that hopefully, consensus would be achieved from the diverse opinions raised by participants on the circulated draft as documented in the collated comments to conclude the standard.
” Technical Committees constituted by SON are responsible for articulating Nigerian Industrial Standards (NIS). The Committee thus, decides what requirements are best in their general interest to determine the minimum requirements, while SON as a National Secretariat is to ensure the processes involved for obtaining the National position to align with International Best Practices based on the principles of standards development, which are Transparency, Openness, Impartiality, Consensus, Efficiency, Relevance and Consistency,” he said.
Business
Nigerian Lawmakers Demand Arrest of World Bank Official Calling for Reinstatement of Petroleum Import Licences
Declaring the unnamed World Bank official persona non grata, the Committee gave the Bank 30 days to issue a public retraction and written apology.
The House of Representatives Committee on Petroleum Resources (Downstream) has call for the dismissal and arrest of the World Bank official responsible for the April 7, 2026 Nigeria Development Update, which recommended the reinstatement of petroleum import licences.
The Committee described the recommendation as a reckless move capable of undermining Nigeria’s indigenous refining capacity.
In a formal resolution, the Committee condemned the World Bank report, which claimed that imported petroleum products are 12 percent cheaper than those from the Dangote Refinery.
It rejected the position as contrary to Nigeria’s national economic interest and an unacceptable interference in the country’s sovereign petroleum policy.
Declaring the unnamed World Bank official persona non grata, the Committee gave the Bank 30 days to issue a public retraction and written apology.
It further demanded that the staff member responsible for the report be relieved of their duties and subjected to investigation.
Business
Senate approves Tinubu’s $516.3m loan
The syndicated financing facility is being sought from Deutsche Bank, according to a letter of request Tinubu sent to the Senate last Thursday.
The Senate has approved the $516.3 million loan requested by President Bola Ahmed Tinubu.
The money will be used for the construction of the Sokoto-Badagry Superhighway (Section One, Phase 1A and B).
The approval was given on Wednesday after the Senate considered the report of its Committee on Local and Foreign Debts.
The committee, chaired by Senator Magatagarda Wamakko, recommended the approval of the loan.
The syndicated financing facility is being sought from Deutsche Bank, according to a letter of request Tinubu sent to the Senate last Thursday.
Business
Ibukun Awosika resigns from Cadbury board
The resignation takes effect from May 1, 2026, according to a statement signed by the company secretary, Afolasade Olowe.
Ibukun Awosika has resigned from the board of Cadbury Nigeria Plc, after more than 16 years of service.
The resignation takes effect from May 1, 2026, according to a statement signed by the company secretary, Afolasade Olowe.
The board expressed appreciation for her contributions since joining as a Non-Executive Director in October 2009 and noted that a replacement would be announced in due course.
Nigerian Lawmakers Demand Arrest of World Bank Official Calling for Reinstatement of Petroleum Import Licences
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