Connect with us

Uncategorized

Manufacturing production grows by 2.9% in September in South Africa

Published

on

State agency, Statistics South Africa (SSS) has revealed that manufacturing production increased in the country by 2.9% year-on-year in September.

The rise comes after rising by a revised 1.7 percent in August with the largest positive contributions made by motor vehicles, parts, accessories, and other transport equipment.

The SSS data also revealed that factory production rose 4.9 percent month on month in September.

The figures show that the largest negative contribution was made by the petroleum, chemical products, rubber, and plastic products division (-9.8% and contributing -2.1 percentage points).

The recent electricity instability and load-shedding by state power utility firm, Eskom has contributed to the decline in the manufacturing sector and other sectors of the economy in South Africa.

According to the world bank, the South African economy continues to recover from the effects of the COVID-19 pandemic, albeit more slowly than expected, with growth estimated at 1.9% in 2022.

Uncategorized

1,172 Nigerians killed, over 1,000 kidnapped in nine months— NHRC

Published

on

The National Human Rights Commission (NHRC) has put the figures of Nigerians killed and kidnapped by non-state actors from January to September 2024, at 1,172 and 1,463 respectively.

A new data released on Wednesday by the organization reveal that the month of May saw the 298 persons killed, making it the highest, while March recorded the highest number of abductions with 499 kidnappings.

These data which was presented at a workshop on the state of human rights in Nigeria by the commission and the European Union, in Abuja, attributed the rise in kidnappings, killings and child abandonment in Nigeria to the negligence and failure of the state to protect its citizens.

While presenting the data, NHRC Senior Human Rights Adviser, Hillary Ogbonna, gave a breakdown of what he described as the alarming rise in human rights abuses, including kidnappings, killings and child abandonment.

“By January 2024, we already had 150 kidnappings and 55 killings associated mainly with non-state actors. What has become the norm is the killing of law enforcement officers,” Ogbonna said.

“We started with seven policemen killed in January. From victims’ perspectives, we had quite a number of victims for human rights violations for January.”

Also speaking at the event, the NHRC Executive Secretary in Nigeria, Tony Ojukwu, said:

“In recent years, we have witnessed alarming trends and threats against those who dare to speak the truth to power.

“It serves as a stark reminder that the protection of human rights is an ongoing struggle that requires continuous vigilance, action and cooperation from all sectors of the society,” Ojukwu said.

A delegation from the EU which also made a presentation, reiterated its commitment to support Nigeria to overcome these challenges, while urging the Federal Government to work with the armed forces to end this trend.

“The European Union will continue to work around the world through diplomacy,” the Head of EU Delegation, Zissimos Vergos, said.h

Continue Reading

Uncategorized

Dangote: Deregulation doesn’t excuse low-quality oil blends

Published

on

In Nigeria, Dangote Petroleum Refinery has warned Pinnacle Oil and Gas Limited and other oil marketers that the country’s national interests should not be undermined by substandard imported petroleum products because of the deregulation of the downstream oil industry.

In reaction to comments made by Pinnacle Oil and Gas Limited’s CEO, Robert Dickerman, regarding the importation and mixing of petroleum products, which the Pinnacle boss placed within the framework of a “deregulated commodity market,” the refinery issued this statement on Tuesday.

The company was confronted by the Dangote refinery on Sunday for establishing a blending unit near its Lagos facility to offer Nigerians inferior petroleum products.

Dickerman, the company’s CEO, denied the allegation. Still, the Dangote refinery said that his defence of a deregulated market could not mask the grave consequences of his actions, which it said endangered the welfare of Nigerians and the integrity of the country’s energy sector.

Dangote reiterated its support for industrialisation and deregulation but underlined that this support is based on a dedication to the nation’s economic sustainability and the defence of its citizens against exploitation. The refinery reaffirmed that the pursuit of profit should never come at the expense of Nigerians’ health and safety.

“The Dangote Petroleum Refinery and Petrochemicals Company has long been an advocate for deregulation and industrialisation in Nigeria, but our support is rooted in a commitment to the sustainable growth of the country’s economy and the protection of its people from any exploitation.

“Unlike Dickerman’s view, deregulation should not be a licence for the importation and distribution of off-spec products or the subversion of national interests,” it said.

The business added that Dickerman should be well aware of how his nation safeguards its industry as he is an American.

To emphasise the argument, it cited several recent American examples. As an illustration of protectionism that puts the interests of the country’s economy before of immediate financial gain, US President Joe Biden recently rejected the sale of US Steel to Japan’s Nippon Steel, emphasising the value of preserving robust American steel businesses backed by American workers.

According to the refinery, the US has also taken steps to limit the use of cranes manufactured in China in its ports, citing national security concerns.

To further show its commitment to defending home industries, the US has now placed a 50% levy on medical equipment imported from China and a 100% tariff on electric vehicles.

Concerns about national security and the need for economic self-sufficiency have also prompted the United States to step up efforts to increase its manufacturing of computer chips and medical supplies.

Continue Reading

EDITOR’S PICK

Metro2 hours ago

EU launches initiative to reintegrate over 417,661 out-of-school children in Nigeria

The European Union (EU) has launched an initiative to reintegrate over 417,661 out-of-school children in Nigeria, particularly in the northwestern...

Metro20 hours ago

World Bank pledges $3b to support Zambia’s development goals

The World Bank Group has pledged to avail Zambia with approximately $3 billion to support the country’s development goals under...

Sports20 hours ago

Kenyan marathon legend Kipchoge advises young athletes to prioritize success over money

Kenyan marathon legend, Eliud Kipchoge, has advised young athletes to place success ahead of quick money and riches. The former...

Culture21 hours ago

Tyla set to drop new single ‘Tears’ on November 20

South African “Ampiona” crooner, Tyla, is set to thrill her fans to her new single titled, “Tears’, which is set...

Uncategorized1 day ago

1,172 Nigerians killed, over 1,000 kidnapped in nine months— NHRC

The National Human Rights Commission (NHRC) has put the figures of Nigerians killed and kidnapped by non-state actors from January...

Tech1 day ago

Bolt invests $107m in Nigeria to boost safety standards

Ride-hailing platform, Bolt, has announced an investment of $107 million in its bid to boost safety and service quality in...

Sports2 days ago

South Africa’s FA president Danny Jordaan arrested on fraud, theft allegations

The President of South African Football Association (SAFA), Danny Jordaan, has been arrested on allegations of fraud and theft. Jordaan,...

Metro2 days ago

Chinese mining giant CNMC set for $1.6 billion investment in Zambia

A Chinese mining giant, China Nonferrous Metal Mining Company (CNMC), has announced the investment of over $1.6 billion in Zambia,...

Metro2 days ago

Mpox immunisation scarcity slows Kinshasa’s epidemic fight

A lack of mpox vaccine doses has prevented the Democratic Republic of the Congo from starting a campaign in the...

VenturesNow2 days ago

After decades of imports, Nigeria ends oil importation

The Nigerian National Petroleum Company Limited (NNPC) has declared that it has finally stopped the long-standing practice of importing petroleum...

Trending