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UK needs post Brexit deals with Turkey, South Africa, not just EU: Ford

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  • As Namibia is set to increase electricity tariffs by 8% July 1

Britain needs to strike a trade deal with Turkey and South Africa as well as with the remainder of the European Union when the country leaves the bloc, Ford’s Europe chief said on Wednesday.

“For Ford, it’s not only important for the UK’s agreement with the 27 countries but equally important are countries like Turkey and South Africa which hasn’t really been talked about,” Ford of Europe CEO Jim Farley told a London conference.

U.S carmaker Ford, which is Britain’s biggest automotive engine builder, makes vans in Turkey, which is not part of the EU but is in the EU customs union.

Farley also said it was looking at how to maintain the free movement of goods and people which could be inhibited under a hard Brexit deal involving tariffs.

“We are spending a lot of time thinking and talking about how we need to change our operations and what support we need from the government and other entities not only in the UK to make sure friction doesn’t get created,” he said.

In the meantime, Namibia’s Electricity Control Board (ECB), on Tuesday said that after conducting a due regulatory process, it had approved eight per cent tariff increase effective from July 1.

The electricity regulator Chief Executive Officer, Foibe Namene said that the increase translates to an effective bulk tariff increase from 1.49 Namibian dollars (0.11 U.S. dollar) to 1.61 Namibian dollars per kWh.

According to Namene, the increase would suffice for power generating firm Nampower to cover its allowed operating costs and also fulfil its financial obligations.

“The increase is applicable to Nampower bulk customers which are Regional Electricity Distributors (REDS), local authorities, regional councils and mines”, she stated.

Namene said that the ECB considers the eight per cent tariff increase to be the optimum increase for Nampower and the customers.

“Should the increase be lower than eight per cent it means that a large portion of the under recovery will be deferred to the following year which will be a burden on the future tariff adjustments”, she said.

Economy

Court Dissolves Marriage With 3 Children Over Wife’s Stubbornness

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Court Dissolves Marriage With 3 Children Over Wife’s Stubbornness

…Orders 3 months iddah period before wife could remarry

An Area Court, sitting at Centre-Igboro, Ilorin, has dissolved an Islamic marriage between Omotosho Hakeem and Salamat Abdulrasak on mutual agreement.

The Presiding Judge, Ahmed Abdul Kadir, dissolved the marriage and ordered that the wife should observe a three-month iddah period before she could remarry.

The petitioner had earlier told the court that he was no longer interested in the marriage, saying that she usually refused to apologise for any wrongdoing.

He, therefore, sought a divorce, praying the court to compel his estranged wife to pack her belongings, along with their three children out of the house.

The respondent agreed to the divorce suit but wanted the husband to provide a place where she would observe her three-month iddah period with her children.

She also wanted the petitioner to be responsible for her feeding during the period and pay N15,000 monthly for the children’s upkeep.

The case was consequently adjourned till May 16 for report of settlement and custody of the children. 

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Economy

Naira Depreciates Wednesday, Sells N1,421.06 Against Dollar

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Naira Depreciates Wednesday, Sells N1,421.06 Against Dollar

Government efforts at strengthening the Naira has again suffered a setback as the Naira slightly depreciated at the official market on Wednesday, trading at N1,421.06 to the dollar.

Data from the official trading platform of the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N4.49.

This represents a 0.31 per cent loss when compared to the previous trading date on Tuesday when it exchanged at N1,416.57 to a dollar.

However, the daily turnover increased to N164.74 on Wednesday, up from 160.77 million dollars recorded on Tuesday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,440 and N1,335 against the dollar. 

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Economy

Go back Home; Court Orders Estranged Husband To Return To Matrimonial Home

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Blasphemy: Court Orders Hearing Notice To Be Served On Cleric, Counsel To Appear

An Upper Shari’a Court sitting in Tudun Wada, Kaduna State, on Tuesday, ordered the husband in a divorce suit, Abdulmalik Ojoka, to return to his marital home and take care of his wife and two children.

The judge, Malam Iliyasu Umar, gave the order after Ojoka’s wife, Maimuna Sulaiman, asked the court to dissolve their marriage on the grounds of her husband’s irresponsibility and failure to pay house rent, school fees, and cater for other family needs.

Umar also counselled the petitioner in the divorce case to exercise more patience and accept her husband when he returned.

Also Read: Bad Business: I Got N880,000 Not N1m After My Kidney Was Removed- Minor

The judge further ordered Maimuna to report back to the court on June 3 of any attitudinal changes by her spouse upon his return home.

Earlier, the complainant told the court that she had been married to her husband for 29 years, but anytime they had financial challenges, he would pack his bags and leave.

”He left me and my children during Ramadan when our house rent was due; I had to go borrow money and pay to avoid eviction.

“I paid the school fees for my four children, even though two of them are now married; I want the court to dissolve the marriage since he has packed out,” she said.

Giving evidence before the court, Ojoka denied the allegations and informed it that he had been a responsible father paying his children’s school fees until he lost his job.

He said that when he lost his job, his wife refused to understand his financial situation and insisted that the children should continue to attend private school when he suggested they transfer to a public school.

The respondent also denied the allegation of not paying the house rent.

According to him, his wife moved out of the house the family was living in claiming that it was not comfortable.

“She moved into another house and paid the rent; anytime I am home it’s a quarrel, no peace,” Ojoka told the court. 

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