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Economy

Japan Rules Out Open-Loop Scrubber Ban

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…As Mercedes-Benz expands portfolio with new A-Class Sedan***

Japan would not be joining recent talks on the implementation of a ban on open-loop scrubbers, the country’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has announced.

The decision is based on a report presented by MLIT at an International Maritime Organization (IMO) meeting last week, in which Japan said that it has come to a conclusion that wash water from open-loop scrubbers does not present a significant threat to the marine environment.

Japan’s MLIT pointed to the fact that scrubber wash water does not harm the ocean and the organisms living in it. Additionally, burning heavy fuel oil with a scrubber is still better than running on 0.5% sulphur fuel alone, the study showed. Avoiding the ban would also contribute to the stabilization of fuel oil demand and ensure a smooth transition to the new sulphur oxides regulation, it was said.

The ministry concluded that a decision to ban ships with open-loop scrubbers in its ports would not be based on scientific facts, thereby lending its weight to scrubber proponents.

Similar results were presented following a three-years study published by the Clean Shipping Alliance 2020 (CSA 2020).

The CSA study revealed that the samples analysed over three years were consistently well within the allowable IMO criteria and regulatory limits. The Carnival-led study collected 281 wash water samples from 53 scrubber-equipped cruise ships. After conducting relevant tests, the results showed that the samples were well within the allowable IMO criteria and regulatory limits.

A number of ports in the US, Europe, and Asia have introduced open-loop scrubber bans ahead of the IMO 2020 regulation. China has completely banned wash water discharge in its ports.

In the meantime, Mercedes-Benz is expanding its compact car portfolio with the introduction of the A-Class Sedan, following suit with the likes of the A-Class, CLA and GLA.

The automaker’s compact car segment is said to be fast-growing with the acquisition of new customer groups from different regions around the world.

This is said to have aided the authorised general distributor of Mercedes-Benz in Nigeria, Weststar Associated Limited’s resolve to attract different customer groups in Nigeria who look to enjoy the best driving experience regardless of their automobile preferences.

Weststar says due to an increase in demand, the A-Class is for the first time also offered as a sedan, which follows the successful launch of the new A-Class that pushed boundaries in major markets, last year.

The distributor says the A-Class Sedan comes with a modern and superior sporty design, an unrivalled experience with the Mercedes-Benz User Experience and intelligent drive functions from the S-Class.

It says the car has a completely redefined interior design and optional equipments and appointments like Keyless-Go with hands-free access.

It adds, “The exterior of the A-Class Sedan exudes a modern and superior sporty design. The front end takes a very progressive look with the low, elongated bonnet, the slimline headlamps with chrome element, the torch-like daytime driving lights — plus the single-louvre diamond radiator grille with optional chrome pins, and the central star.

“The side mirrors sit on the beltline, while the 16 to 19-inch wheels and the pronounced wheel arches give the A-Class Sedan a sporty stance on the road. On the rear end there are two-part tail lamps that emphasize width, the rear reflectors have been relocated to the modular two-part rear bumper.

“Depending on the selected equipment, this rear bumper is available with a black diffuser or with chrome trim strip and chrome tailpipe tips. The multibeam LED headlamps are another highlight, they allow extremely quick and precise, electronically controlled adjustment of the headlamps to suit the current traffic situation. Each headlamp features 18 individually actuated LEDs.”

Westtstar says the inside of the A-Class Sedan comes in a modern and avant-garde look emphasising a revolution from within while the dashboard gets a completely new design.

The cowl above the cockpit and the wing-shaped main body of the dashboard extend from one front door to the other with no visual discontinuity, among other designs and functions, it adds.

The dealership explains that the A-Class Sedan has been introduced to the market with the A200 petrol engine and comes with a 1.3 litre M282 engine producing a power output of 120 kW (163 hp) and a torque of 250 Nm.

It adds that power is transmitted by the 7G-DCT dual-clutch transmission, an automated three-shaft manual transmission consisting of two subtransmissions, each with its own clutch.

“This allows a particularly comfortable but nevertheless dynamic mode of driving. The A-Class Sedan keeps up the pace with technology from the A-Class while the MBUX comes as standard equipment,” it says.

The Managing Director, Weststar Associates Limited, Mr Mirko Plath, describes the growing compact car family as a step in the right direction from Mercedes-Benz.

He says the A-Class Sedan will serve more customer groups and that owning a Mercedes-Benz will be more attractive for the younger generation with the emotive and technological appeal of the MBUX.

Plath explains that the A-Class Sedan comes with a modern design, the latest driving assistance systems and a very competitive entry price.

“The compact car family of Mercedes-Benz has continued its growth in the Nigerian market with the A-Class Sedan set for its arrival. This follows the successful introduction of the new A-Class last year. Weststar Associates Limited, authorised General Distributor of Mercedes-Benz in Nigeria will introduce the A-Class Sedan by May, 2019,” he says.

World Maritime News with additional report from Punch

Economy

Unstable Economy: UK Firm Presents Solutions To Nigerian Business Leaders

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SOAN Inaugurates New Leadership, Boosting Hopes Of Crushable Inflation

Nigerian business leaders are to benefit from the programme of United Kingdom-based leadership development organisation TEXEM UK on how to win despite the exodus of staff, very high inflation and turbulent operating landscape.

TEXEM’s Director of Special Projects, Caroline Lucas, said on the organisation’s website, www.texem.co.uk, that the programme with the theme “Strategies for Sustainable Organisational Success” is slated for April 24 and April 25 in Lagos.

According to Lucas, in today’s volatile and disruptive business landscape, organisations face numerous strategic challenges.

“TEXEM’s programme, “Strategies for Sustainable Organisational Success,” offers tailored solutions to address these pressing issues.

“Senior leaders grappling with skyrocketing costs, high currency risks, and disruptive technologies require practical insights and tools to navigate uncertainty effectively.

“This programme provides actionable strategies for sustainable success amidst turbulent times,” she said.

Lucas asserts that exceptional crisis management skills are essential in the face of staff exodus and geopolitical disruptions.

“TEXEM equips participants with the necessary leadership capabilities to lead through crises, ensuring organisational excellence even amidst adversity.

“Innovation becomes imperative in turbulent waters.

“TEXEM’s programme fosters a culture of innovation and provides guidance on harnessing adversity as a catalyst for profitable growth,” she said.

According to her, participants will learn to turn challenges into opportunities, driving sustained profitability.

Lucas said resilience and effective risk management are crucial in today’s volatile landscape.

She said through interactive sessions and case studies, TEXEM helps senior leaders develop unshakable qualities, enabling them to navigate uncertainty and confidently mitigate risks.

“Optimizing resource utilisation is paramount amidst soaring costs.

“TEXEM offers insights on managing resources efficiently, ensuring optimal impact even amidst cost pressures. Decisive problem-solving is paramount.

“TEXEM enhances participants’ decision-making capabilities through peer learning and observation practice, empowering them to make better decisions that drive organisational success,” Lucas said.

She said that beyond the curriculum, networking opportunities with industry peers enrich the learning experience, abound.

“Professional exchange provides valuable insights into different approaches to overcoming challenges, enhancing overall learning and impact.

“TEXEM’s programme aims to develop leadership strategies for optimum performance in an era of uncertainty.

“By helping participants understand how to manage and deploy resources more efficiently, it equips them with the skills needed to thrive in turbulent times,” Lucas said.

Saying that adversity is the mother of innovation, she added that TEXEM empowers individuals and organisations to thrive in volatile times, fostering innovation and sustained profitability.

“At the end of the programme, participants can expect to develop leadership skills for better decision-making and possess survival skills to navigate crises effectively.

“Through its comprehensive approach and proven methodology, TEXEM ensures participants unlock their potential, foster innovation, and drive sustained profitability in today’s challenging environment,” Lucas said.

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Economy

Sanwo-Olu Urges Use of Innovative Technologies in Solving Challenges

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Sanwo-Olu Urges Use of Innovative Technologies in Solving Challenges

Gov. Babajide Sanwo-Olu of Lagos State has called for the use of innovative technologies in resolving the economic and social challenges of the country.

Sanwo-Olu said this on Wednesday during the pioneer graduation of the Lateef Jakande Leadership Academy (LJLA) at Konga Place in Lekki.

He said that the new platform of globalisation and Internet of things must be significantly employed to resolve new challenges encountered in the course of improving the living standards of citizens.

30 students, 15 men and 15 women, between 18 and 35 years, graduated from the academy after a one-year course and mentorship in leadership.

The Lagos Leadership Summit (LLS) is a pivotal platform dedicated to empowering Nigeria’s young professionals with the skills and insights essential for success in various leadership roles.

With a focus on leadership excellence, ethical governance, and youth inclusion in governance, the summit offers a unique opportunity for participants to engage with renowned leaders and industry experts.

” You have to be able to innovate for us, you are here as leaders of not tomorrow but today. Proffer solutions that the government can use as a tool, to solve the challenges that we are facing today but more importantly to solve global issues.

“And that is why we started the Lateef Jakande Leadership Academy. For us as a government, we felt how well can we honour a man than for us in public sector to set up a cream of new leaders.

“So we set up this school that has the first set, the one-year fellowship, who indeed have not only shown us that we took the right step, they have been outstanding individuals,” the governor said.

The guest speaker and former governor of Lagos State, Babatunde Fashola, noted that it was important for followers to trust their leaders for a successful outcome.

“The people need to trust the government, they must know the capability of their leaders so that when issues beyond human expectations happen, the followers can show empathy to the plight of their leaders.

” I have always been an advocate that believes that the process is as important as the result, the end shouldn’t justify the means, the process is crucial, it serves as a blueprint for others coming behind,” he said.

Similarly, Dr Obafemi Hamzat, Deputy Governor, who spoke on “Leadership And Community Engagement”, stated that to achieve effective leadership in Nigeria, there was the need to navigate complex political, economic and social landscapes.

Hamzat urged the citizens to be involved in governance while stressing the need for collaborations with private stakeholders and the public sector.

According to him, community engagement with government at all levels is pivotal to the nation’s development.

In her address, Mrs Ayisat Agbaje-Okunade, LIJA’s Executive Secretary, noted that the challenges faced required leaders who are not only capable but compassionate, visionary, and adaptable.

According to her, leadership must transcend rhetoric and manifest tangible outcomes.

“We need leaders who inspire confidence, foster unity, and drive transformation.”

Agbaje-Okunade urged the participants to embrace the responsibility that comes with leadership and pave the way for a generation of new leaders.

The keynote speaker, Mr Abubakar Suleiman, Chief Executive Officer, Sterling Bank, said that leadership is about leading people on a new purposeful journey.

Suleiman said being a strategic thinker and a transformational leader was what makes leadership different from management, adding that the future is being crafted in leadership.

“In essence, as a leader, you must be able to lead people to the future hence, you must be convincing for people to be bold to follow you, able to trust and believe in you.

“For one to be a leader, the people must be able to believe and trust you to take them to the future where you have never been to,” he said.

Also speaking, Mr Tunbosun Alake, Commissioner, Innovation, Science and Technology, stressed that leadership had nothing to do with being young or old but having good values and character.

The commissioner advised the participants to pursue excellence in their various career paths to succeed in life.

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Economy

Eid-el-Fitr: Tinubu Urges Sacrifice, Integrity For National Rebirth

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Eid-el-Fitr: Tinubu urges sacrifice, integrity for national rebirth

 President Bola Tinubu has urged Nigerians to continue to make sacrifices and exhibit integrity for national development.

Tinubu said this after observing the Eid-el-Fitr prayer at the Eid Ground at Dodon Barracks on Wednesday in Lagos.

The President also called on Nigerians to continue to have faith in his government and remain patriotic citizens.

Tinubu said that the Renewed Hope Agenda of his administration, aimed at bringing prosperity to Nigerians, was being diligently implemented.

Encouraging Muslims to extend the values of sacrifice and resilience beyond the fasting period, Tinubu emphasised the need for Nigerians to prioritise the exhibition of love for their country.

‘’The resilience and sacrifice that we have shown and made during these months should be preserved.

“Be a kind and cheerful giver. We must love our country more than any other country because this is the only one we have.

‘’We must continue to protect the integrity of our government and leadership. The Renewed Hope Agenda is alive, well and fine, and Nigerians should continue to be very hopeful. Without hope, there is no salvation.

“Without hope, there is no development. Without hope, there is no life. Eid Mubarak,’’ the President said at the end of the prayers led by the Chief Imam of Lagos State, Sheikh Sulaiman Abou-Nolla.

Earlier in his sermon, the Chief Imam urged Nigerians to shun all acts of violence, ensure peaceful co-existence, and continue to have faith in the country.

He asked those in leadership positions to remain faithful to their oaths of office and work towards alleviating the suffering of the less privileged.

‘‘Let us not forget our brothers and sisters in Gaza and other areas of conflict,’’ the Chief Imam said.

He offered prayers of God’s guidance, wisdom, and protection for the President and the Lagos State government, as well as for peace and stability in the country.

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