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Afreximbank’s Kanayo Awani makes Nigeria Women Annual’s “100 Leading Women” list

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Mrs. Kanayo Awani - Managing Director of Afreximbank’s Intra-African Trade Initiative Division
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The Managing Director of Afreximbank’s Intra-African Trade Initiative Division, Mrs. Kanayo Awani, has been named among the 100 outstanding women leaders in Nigeria, according to the list published in the 2022 edition of Nigeria Women Annual: 100 Leading Women.

Mrs. Awani’s listing acknowledges her distinguished career and contributions to the development of society.

As Managing Director, Mrs. Awani currently leads the Bank’s efforts in implementing its intra-African trade and industrialisation strategies.

A statement by the bank said she successfully led Afreximbank’s engagement in support of the establishment and implementation of the African Continental Free Trade Area (AfCFTA) and was the arrowhead for the introduction and organization of the biennial Intra-African Trade Fair (IATF), which has delivered trade and investment deals valued at over US$70 billion.

She previously led Afreximbank’s Trade Finance and Branches Department from 2009 to 2016, growing it into the Bank’s most profitable department which accounted for over 80 percent of its loan book.

Mrs. Awani is also the Chairperson of the Africa Chapter of Factors Chain International (FCI), a global factoring association.

“The Nigeria Women Annual: 100 Leading Women” is the premier qualitative profiling of phenomenal women who have contributed to the development of Nigeria and the world.

A gender-specific biographical compendium, it responds to existing gender gaps in Nigeria’s biographical documentation and leadership and, in 2022, focused on the most inspirational and influential women whose work contributed to shaping Nigeria’s collective history during the year.

This year’s list includes technology experts, politicians, teachers, activists, development practitioners, C-Suite corporate leaders, and other notable women.

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Business & Economy

Kaduna refinery will begin production in December – NNPCL Boss, Kyari

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The Group Managing Director of the Nigerian National Petroleum Company Limited, NNPCL,Mele Kyari has disclosed that the refinery in Kaduna State will be ready for production by December 2024.

He disclosed this during a meeting with the Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria in Abuja.

He disclosed that operations at the Port Harcourt refinery are scheduled to begin in two weeks.

According to Kyari: “We did a mechanical completion of the (Port Harcourt) refinery, that was what we said in December. We now have crude oil already stocked in the refinery. We are doing regulatory compliance tests that must happen in every refinery before you start it, and I assure you that this Port Harcourt refinery will start in the next two weeks.

“Completing the mechanical work means that you are done with the rehabilitation work, now you have to test to see how it works. Of course, we have also completed the mechanical work on the Warri refinery.

“It is also undergoing regulatory compliance; processes that we are doing with our regulator, and this will soon be completed and it will be ready.

“The Kaduna refinery will be ready by December. We have not reached that stage in Kaduna, but we promise Kaduna will be delivered by December.”

 

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Business & Economy

Edun Blames Economic Hardship On Free Printing Of Naira During Buhari’s Govt

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Minister of Finance, Wale Edun, stated this on Wednesday when he appeared before the Senate Committee on Finance chaired by Senator Sani Musa.

The Federal Government has disclosed that the free printing of naira notes for eight years, under the previous administration went into the hands of a privileged few, without corresponding productivity, resulting in the country’s current economic situation.

Minister of Finance, Wale Edun, stated this on Wednesday when he appeared before the Senate Committee on Finance chaired by Senator Sani Musa.

While elaborating on measures to revamp the economy, the Finance minister vowed to thoroughly audit the 22.7 trillion naira, and mop up the monies from the market and use it to pay the central bank to give the government a balanced book.

Responding to questions, the finance minister addressed the issue of waivers on customs duty running into trillions of naira, promising to overhaul the system, rejig it and implement a technology and payment system that would correct all anomalies in place.

He further disclosed that a total of 13 trillion naira was collected as non-oil revenue in 2023.

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Harsh Economy: FG To Begin Distribution Of Grains Nationwide 

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The Federal Government will begin the distribution of grains nationwide to cushion the impacts of the hardship in Nigeria.

Minister of Agriculture and Food Security Senator Abubakar Kyari disclosed this on Monday.

“Dear Fellow Nigerians,” he wrote on his official X handle. “In these trying times, I extend my sincere compassion to those affected by the hardships in the country. I understand the gravity of the situation, especially with the unfortunate event of foodstuff warehouse looting.

“Amidst these challenges, I want to assure you that our commitment to your well-being remains resolute. We shall commence the distribution of 42,000 metric tons of grains, as approved by Mr. President, across the 36 states of the federation as one of the programs to be rolled out this week.

“We are working hand in hand with NEMA and the DSS to ensure that the grains get to the right people in the right packages and quantities. Furthermore, 58,500 metric tons of milled rice from mega rice millers will also be released into the market for stabilization.”

The minister who hailed the resilience of the Nigerian people, urged them to back President Bola Tinubu’s government in its quest to address the challenges facing the country.

“I acknowledge the strength of the Nigerian people, and it is this resilience that will guide us through these difficult times. Let us stand together to support Mr. President in his strive for a better Nigeria,” Kyari said.

“Our government under the leadership of President Bola Ahmed Tinubu is committed to addressing these challenges and working towards a more secure and prosperous future for all.”

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