In recognition of its commitment and leading role at providing bespoke financial services to its customers and the public in general, through its numerous state of the art and innovative financial products and services, First Bank of Nigeria Limited has been awarded the Best Private Bank and Best Retail Bank in Nigeria Awards respectively by World Finance Magazine and Global Banking and Finance Review. Speaking on the Bank’s recognition for the Best Retail Bank in Nigeria award, Wanda Rich, Editor, Global Banking & Finance Review said “With 125 years of continuous banking operations, First Bank of Nigeria Limited is a pioneer in retail banking development in Nigeria. The bank is dedicated to providing customers with value-added products and services and as well as efficient and accessible banking services. Their commitment to retail banking is reflected in their strategic vision, organizational structure and strong risk management which contributed to their outstanding performance We look forward to seeing more from them for years to come.” FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017) by the Asian Banker International Excellence in Retail Financial Services Awards and “Best Bank in Nigeria” by Global Finance for 15 years. In a statement from the World Finance official website, the 2019 World Finance Banking Awards is organised to identify the banks across the world that have excelled across a number of areas, including corporate governance, sustainability and innovation, and have played a key role in the industry’s growth.

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Boeing Co may have to book billions of dollars in additional charges related to its grounded 737 MAX jets, brokerages said on Monday, following reports that call into question the timing of the aircraft's return to service. Credit Suisse and UBS downgraded the stock after reports on Friday showed internal messages between two Boeing employees stating that the plane's anti-stall system behaved erratically during testing before the aircraft entered service. The new revelations pose fresh challenges for Boeing, which is reeling under pressure after two fatal crashes forced the company to ground the planes and book billions of dollars in losses. Boeing's shares fell as much as 5.7% to $324.40 in early trading on Monday, making the stock the biggest percentage loser on the Dow Jones Industrial Average. They have lost 18% of their value since the second deadly crash of the popular single-aisle jet in March. The planemaker has already cut production of the MAX, and analysts said there was an increasing possibility that the company would have to halt production altogether.

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Boeing Co may have to book billions of dollars in additional charges related to its grounded 737 MAX jets, brokerages said on Monday, following reports that call into question the timing of the aircraft's return to service. Credit Suisse and UBS downgraded the stock after reports on Friday showed internal messages between two Boeing employees stating that the plane's anti-stall system behaved erratically during testing before the aircraft entered service. The new revelations pose fresh challenges for Boeing, which is reeling under pressure after two fatal crashes forced the company to ground the planes and book billions of dollars in losses. Boeing's shares fell as much as 5.7% to $324.40 in early trading on Monday, making the stock the biggest percentage loser on the Dow Jones Industrial Average. They have lost 18% of their value since the second deadly crash of the popular single-aisle jet in March. The planemaker has already cut production of the MAX, and analysts said there was an increasing possibility that the company would have to halt production altogether.

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Rotimi Amaechi, Minister of Transportation has given an update regarding the ongoing revival of rail transportation in the country. While speaking to journalists after his arrival from China, Amaechi disclosed that 20 new coaches would arrive in 6 weeks from China for the Abuja-Kaduna and Lagos-Ibadan rail lines. He said he visited the Asian country to get locomotives and coaches, 10 for Abuja-Kaduna and 10 for Lagos-Ibadan as a temporary measure; more will then arrive in the second batch when the work on  Lagos-Ibadan is completed. He added that Nigerians would be trained so that in the coming years, Nigerian engineers would take over in order to stop the Chinese maintenance contract in both Kaduna-Abuja and Lagos-Ibadan.

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The Jospong Group of Companies in Ghana, with the help of the Hungarian government, has secured a facility for various developmental projects in Ghana. Together with its Hungarian Partners, Pureco, the Jospong group concluded discussions and signed a €20.2 million Euros contract that will see the construction of the Takoradi and Tamale wastewater treatment plants which will treat wastewater from fecal waste into reusable water in these two cities. An additional €100,000 Euros grant was signed for the Zoomlion Foundation for the implementation of the Puerco Education Partnership Project (PEP Project) The plants to be constructed in Takoradi and Tamale would be managed by Sewerage Systems Ghana Limited (SSGL), a subsidiary of the Jospong Group and would have the capacity to treat 1,000m3 of wastewater every day. The Takoradi and Tamale water treatment plants when completed are expected to create about 1,000 direct and indirect jobs in each city where fecal waste treatment facilities are currently non-existent.--- Support this podcast: https://anchor.fm/newscast-africa/support

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The Jospong Group of Companies in Ghana, with the help of the Hungarian government, has secured a facility for various developmental projects in Ghana. Together with its Hungarian Partners, Pureco, the Jospong group concluded discussions and signed a €20.2 million Euros contract that will see the construction of the Takoradi and Tamale wastewater treatment plants which will treat wastewater from fecal waste into reusable water in these two cities. An additional €100,000 Euros grant was signed for the Zoomlion Foundation for the implementation of the Puerco Education Partnership Project (PEP Project) The plants to be constructed in Takoradi and Tamale would be managed by Sewerage Systems Ghana Limited (SSGL), a subsidiary of the Jospong Group and would have the capacity to treat 1,000m3 of wastewater every day. The Takoradi and Tamale water treatment plants when completed are expected to create about 1,000 direct and indirect jobs in each city where fecal waste treatment facilities are currently non-existent.

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Lawyer and ICT practitioner Adrian Kamotho has sued telecommunication operators for irregularly depriving consumers of their unused data bundles. In a complaint filed before the Communications and Multimedia Appeals Tribunal, Mr. Kamotho said he was aggrieved by the high cost of data and frustrated by the arbitrary expiry of hard-earned bundles. He wants the tribunal to order Safaricom, Airtel, and Telkom Kenya to furnish him with their current data tariffs, or prominently display the current data tariffs on their websites. He also wants the companies to stop depriving consumers of their unused data based on the data expiry model. Mr. Kamotho said the firms discriminate against consumers by charging "out of bundle" rates, which are different from normal bundle rates. The lawyer said consumers are entitled to keep the data they buy, as long as they remain active on the vendor's network.--- Support this podcast: https://anchor.fm/newscast-africa/support

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Lawyer and ICT practitioner Adrian Kamotho has sued telecommunication operators for irregularly depriving consumers of their unused data bundles. In a complaint filed before the Communications and Multimedia Appeals Tribunal, Mr. Kamotho said he was aggrieved by the high cost of data and frustrated by the arbitrary expiry of hard-earned bundles. He wants the tribunal to order Safaricom, Airtel, and Telkom Kenya to furnish him with their current data tariffs, or prominently display the current data tariffs on their websites. He also wants the companies to stop depriving consumers of their unused data based on the data expiry model. Mr. Kamotho said the firms discriminate against consumers by charging "out of bundle" rates, which are different from normal bundle rates. The lawyer said consumers are entitled to keep the data they buy, as long as they remain active on the vendor's network.

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International Monetary Fund, IMF has projected that China's economic growth could moderate further in 2020 — even though the global economy is likely to pick up the pace. The fund, in its World Economic Outlook report, said the Chinese economy could grow at 5.8% next year — slower than the 6.1% forecast for 2019. China grew by 6.6% last year. Tao Zhang, IMF’s deputy managing director revealed that the Chinese economy is slowing down, which has continued an earlier trend of slowing down, which started a couple of years ago,” Still, Zhang said such growth rates are “reasonable” given that China is restructuring its economy to expand in a more sustainable way. That means relying less on debt to fuel growth while focusing more on domestic consumption. The fund said world economic growth is forecast to rebound to 3.4% in 2020, after an anticipated slowdown to 3% this year from 3.6% last year due partly to uncertainties caused by the U.S.-China trade war.

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