Economy
Rising Oil Price Has Forced Some Countries To Ask Citizens To Work From Home: Dangote
Rising Oil Price Has Forced Some Countries To Ask Citizens To Work From Home: Dangote
Rising oil price. Dangote spoke to journalists after a courtesy visit to President Bola Tinubu on Monday after the Eid al-Fitr celebrations.
The businessman said if the Middle East conflict does not ease, energy prices will continue to rise, adding that governments are currently unable to increase salaries.
“So people will really feel the heat. People like barbers, people who are making bread, people who have industries, who have to fire their own generators,” he said.
“I mean, you can see, in some countries today what they’ve done is ask everybody to work from home because they cannot…
“I think in Indonesia or so, they said only go to work four days a week and they will look at the situation, if it doesn’t improve, they will ask everybody not to go to work anymore. We did that in the time of COVID-19, where people worked from home.”
Speaking further on the impact of the conflict, Dangote said it carries significant implications for Nigeria.
He noted that although the country is not directly involved, the interconnected nature of the global economy means it will inevitably feel the effects.
“But we pray this situation will be sorted out, it’s not going to escalate. If it doesn’t de-escalate, we’ll end up paying big prices,” Dangote said.
Furthermore, he said Africa is already heavily burdened by debt, and adding the effects of the conflict would worsen the strain on governments and citizens alike, despite having no direct involvement in the crisis.
“If you look at it now, when you talk about energy, energy affects almost everything and it’s not only energy, some people will try and take a chance and say this an opportunity so let me make money,” Dangote said.
“So I pray, and we all need to pray that this thing de-escalates. If it doesn’t escalate, normally we in Africa, we don’t have any reserves in terms of savings or in terms of…
“People normally go out and look for money for the next day or even for the same day. If they don’t work that day, they won’t eat. So I think really, we just need all hands on deck to pray that this thing comes to an end.”

Dangote
On March 20, the International Energy Agency (IEA) said minimising road and air transport, working from home where possible, driving slower, and switching to electric cooking could significantly help cushion the shock of the Middle East conflict for consumers.
Economy
Lagos Governor Sanwo-Olu Presents 100 Cars To Directors In Lagos Civil Service
Lagos Governor Sanwo-Olu Presents 100 Cars To Directors In Lagos Civil Service
Lagos Governor Sanwo-Olu. Mr Sanwo-Olu described the gesture as part of ongoing efforts to strengthen institutional capacity and improve governance.
Mr Sanwo-Olu described the gesture as part of ongoing efforts to strengthen institutional capacity and improve governance.
He presented the cars at a brief ceremony at the Pavilion, Lagos House, Ikeja, where the beneficiaries, all directors on grade level 17, received the vehicles.
“This presentation of 100 brand new cars to our substantive directors is a deliberate investment in the machinery of governance.
“It is part of our ongoing efforts to strengthen institutional capacity, improve governance, and ensure that those saddled with critical responsibilities are well supported to deliver effectively,” Mr Sanwo-Olu said.
He congratulated the beneficiaries and urged them to see the gesture as a call to greater responsibility, accountability, and dedication to public service.
Mr Sanwo-Olu said the state government remained committed to the welfare of its workforce and would continue to create an enabling environment for officers to perform optimally.
The governor urged that the gesture should inspire other public servants to be diligent and loyal.
The state’s head of service, Olabode Agoro, commended the governor for the gesture, describing it as morale-boosting and a demonstration that hard work and excellence were appreciated in the Lagos State civil service.

Sanwo-Olu
Mr Agoro said the presentation would further inspire directors and other officers to remain steadfast in their duties.
Thanking the governor on behalf of the beneficiaries, one of the directors, Shakirat Adeosun, said the gesture would enhance their efficiency and enable them to discharge their duties with greater ease.
She promised that the directors would continue to support government policies and deliver quality service.
Economy
FG Inaugurates PenCom Board, Tasks Members On Protection Of Pension Assets
FG Inaugurates PenCom Board, Tasks Members On Protection Of Pension Assets
The Federal Government has inaugurated the Board of the National Pension Commission, reinforcing its commitment to transparency, accountability, and the protection of over ₦28 trillion in pension assets.
Speaking at the ceremony, the SGF, Senator (Dr.) George Akume, charged members to uphold strong corporate governance while maintaining a clear boundary between oversight and management.

PenCom
The Board, led by Chairman Agbaje Opeyemi Olukayode, pledged to safeguard contributors’ funds and support national development, while the Director-General Omolola Oloworaran reaffirmed commitment to collaboration in delivering secure and timely retirement benefits for Nigerians.
Economy
SEC Sign MoU With NYSC To Fight Ponzi Schemes
SEC Sign MoU With NYSC To Fight Ponzi Schemes
SEC sign MoU with NYSC to fight Ponzi schemes. The initiative was designed to sensitise young Nigerians to the risks of fraudulent investment schemes and promote sound, legitimate investment practices.
The Securities and Exchange Commission and National Youth Service Corps have signed a memorandum of understanding to establish a community development service group focused on investment education for corps members.
The initiative was designed to sensitise young Nigerians to the risks of fraudulent investment schemes and promote sound, legitimate investment practices.
According to a statement by the SEC on Sunday, the MoU was recently signed by its director-general, Emomotimi Agama and NYSC director-general, Olakunle Nafiu.
It was also meant to promote financial literacy and sound investment habits among young Nigerians.
In addition, the collaboration will help equip corps members with essential knowledge and skills to identify and avoid Ponzi schemes and other illegal investment practices.
It will also help enhance public awareness campaigns against illegal financial schemes across all LGAs in the country, among other objectives.
“Based on the scope of the collaboration, SEC shall develop and provide relevant and up-to-date educational content, materials, and training modules on capital market operations, safe investment practices, and the identification and avoidance of Ponzi schemes.
“SEC will also be responsible for the content, resources and funding of training sessions for selected corps members and NYSC supervisors who will serve as trainers and facilitators in their respective communities.

SEC
“On its part, the NYSC shall facilitate the integration of anti-Ponzi scheme education into its Education and Enlightenment CDS programme. This may involve dedicated sessions, workshops, or awareness campaigns during orientation camps and throughout the service year,” said the statement.
The parties shall collaborate on joint awareness campaigns, utilising various channels and platforms, including social media, traditional media, and community outreach, to disseminate information on safe investment and expose fraudulent schemes.
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