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34 — Vanguard, TUESDAY, NOVEMBER 15, 2022 YOUR LUCK TODAY By Joshua Adeyemo Phone 08056180139 SCORPIO (Oct 23 – Nov 21) The Moon and it’s North/ South Nodes are at loggerheads today. That means you will need to be a little bit careful when relating to strangers today. If you are self reliant, success will crown your efforts. Take good advantage and enjoy blissful romance. SAGITTARIUS (Nov 22 – Dec21) Although, it is good to be legal minded, it is not the right time to claim your rights, especially if you must do it aggressively. Secret lovers will be happy. CAPRICORN (Dec 22 – Jan 19) Matters-of-the-heart will top many people’s priority lists. However, you will need to be a bit careful when handling love related affairs today. The more receptive to good suggestions from your good friends, the better for you. Be diplomatic. AQUARIUS (Jan 20 – Feb 18) Venus (love/money) in Scorpio (your 10 th house of Career/business) and Jupiter (good luck) in Pisces (your Solar 2 nd house of money) are at good angles positively working for your success. Many of you will record financial success. And some of you will mix business with pleasure. Pay good attention to wellness of your family life. PISCES (Feb 19 – Mar 20) Influence of positive influence vibrated by your Star yesterday will continues to enhance your prospects as indicated by good relationship between lucky Jupiter and loving Venus. Money love/exciting pleasure are your lots today. Protect your health. ARIES (Mar 21 – Apr 19) Keeping both yours and other people secrets will positively work favourably for you. Financially ambitious among you are inn for good results. Be loving. TAURUS ( Apr 20 – May 20) It’s important you don’t allow minor domestic challenge derail your plans to record good results today. With determination and practical approach, you’ll succeed. This is a very good day to give needed time to wellness of your love life. Be more loving. GEMINI (May 21 – June 20) You will be in better position to expand the scope of success recorded yesterday to the betterment of your cause. Your popularity is on the increase. L E I S U R E TAKE HEART — ELLA RANDLE “ What you think is who you are;what you do is who you become.Your beliefs determine your actions; your actions determine your destiny. -Matshona Dhliwayo- We become what we think about all day. Each man holds the key to every condition, good or bad, that enters into his life, and that, by working patiently and intelligently upon his thoughts, he may remake and build a better world through taking actions to actualize his dreams, goals and aspirations. —Ella Randle - TERROR MUDA in “Never say goodbye” By Kola Fayemi CANCER (June 21 – July 22) It is important you don’t waste good opportunity to do your love life little goodness, because if this opportunity is lost today, it’ll be a while before such chance will come your way again. Immediate and far future should be taken into consideration. LEO (Jul23 – Aug 22) It’s good to be as ambitious as you are today but, you will equally need to be as moderate as you can possibly be particularly within your base of operation. This is the wrong time to take strangers too seriously. Avoid gambling with matters of the heart. VIRGO (Aug 23 – Sept 22) One of the needed keys to record good results today is to reason with your spouse and be on the same page. If you do the needful your finances’ll make you smile. LIBRA (Sept 23 – Oct 22) You are in for a good day when the element of good luck will positively align you with influential personalities willing to assist you. Be optimistic. DUDU in “KILL POINT” By A.O.OLAIDE ASTROLOGICAL COUNSELLING ASTROLOGICAL our date and place of COUNSELLING birth to the Astr tr Send your dat trological Counselling, P.M.B 100 007, Apapa, Lagos VIRGINIA dadadekola@yahoo.com WHY AM I MISUNDERSTOOD? Dear Joshua, I don’t want my data published but tell me everything I should know about myself. Sometimes I am confused the type of a person I am, especially when others misunderstand me. Why I’m I sometimes being misunderstood ? Thus I am asking you who is actually in me- Astrologically. Joseph Abuja. Dear Joseph, At face value one may be tempted to wrongly take you for a very soft person but, with the preponderance of fixed quality and fire element in your Astrological make ups, it is indicated that yours is a determined and ambitious Soul with stronger will-power (actually once your mind is made up on any important issue you rarely change). Saturn as the only planet at home when you were born pointed to a person who will always take important decision when and if his career will not be put in danger; meaning that you belong to my career first set of people. Although, the Sun is the Centre of the Solar system and wherever is placed in any given horoscope is the heart of that horoscope, by implication placement of the mighty Sun in Cancer here means that you are mainly a Cancer born person. And with more than two (there were actually four) heavenly bodies placed in Kingly Leo when you were born, you are partially a Leo born person. Equally it is important to point out prominence of bold Aries in your chart as it hosted your natal Moon. Anyway equal distribution of planetary placement in push-full and non-push-full positions will ensure balanced personality with powerful LEADERSHIP skill in you. Your natal Sun, Moon and Stallion in Cancer, Aries and Leo respectively are indications of your being mainly a Cancer born person and partly Aries/Leo; meaning that basic characteristics of the three Star signs mentioned (namely Cancer, Aries and Leo) are highly pronounced in your inner-self. HOME & ABROAD By Lawrence Akapa
Vanguard, TUESDAY, NOVEMBER 15, 2022 — 35 MEDIA: Owners, journalists, stakeholders agree code of conduct, co-regulation, Ombudsman Continues from Page 5 complaints. A person may complain about any article in a newspaper or magazine published in Nigeria or broadcast on a terrestrial platform or radio and television as well as well as online (on the internet) he or she believes directly affects or involves him or her unfairly. A person may also complain about the conduct of a journalist if he or she believes that the conduct directly or involves him or her unfairly. Sanctions against erring newspaper, publisher, journalist After investigation and due actions on a complaint, “if the Ombudsman upholds the complaint, the publication concerned will be obliged to publish the decision in full, and with reasonable prominence, within seven days of the ruling being delivered to it. All NPAN members shall be obliged to publish an abstract of the ruling produced by the Ombudsman after seven days but not later than 21 days of the delivery of the ruling to the publication. “Where the Ombudsman determines that a particular ruling affects the fundamental rights of the parties involved or is of importance to journalism practice and/or the publishing industry, then the ruling shall be published by the publication involved and by all members of NPAN. This provision is necessary to ensure that only very important cases are published.” Don’t kill NPC Pleading for the surviv- Exchange rate gives us great concern, FG laments Naira depreciates to N446/$ in I&E window By Elizabeth Adegbesan The naira yesterday depreciated to N446 per dollar in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window rose to N446 per dollar from N445.75 per dollar last week Friday, indicating 25 Kobo depreciation for the naira. Similarly, the naira depreciated by N100 in the parallel market yesterday. Vanguard findings from black market traders showed that the indicative exchange rate for the market rose to N780 per dollar from N680 per dollar last week Friday. al of the NPC, Mr Francis Nwosu, said efforts are being made to ensure that past issues that brought the NPC and the media industry at loggerhead do not happen. Rather than killing the NPC, he said we need to build strong institutions including the press. According to him the NPC has 19 members including four each from the NGE and NUJ and two from NPAN are nominated by their various organisations and not appointed by the government or minister. ‘’It is good we strengthen the media industry. The NPC is not to gag the press. We have been doing good interventions to save the polity. We should not throw the baby away with the bath water. In whatever we do, let’s give the press council a chance.’’ •Says Nigeria's debt-service-to-revenue ratio undoubtedly high ing a mechanism for increasing supply and moderating demand which will be transparent and will boost confidence. "I am sure most can recall several efforts have been made in the past, such as the Interbank Foreign Exchange Market, Retail Dutch Auction System, Wholesale Dutch Auction System, etc. "While they may not have been perfect, the rules were clear and the gap between the official and parallel markets was not so wide. The thing is that there should be some element of price discovery in our policy regime. This will boost confidence and increase inflows of foreign exchange. "We will also have to take urgent action to bring inflation down because it is both a tax on the poor and disrupts long term growth. Inflation in Nigeria is partly structural, arising from infrastructural deficiencies etc but there is also an aspect that is caused by increased money supply, imported inflation and depreciation of the naira. "In addition, therefore, to the monetary measures being taken by the Central Bank of Nigeria, we would need to increase domestic production of food and make sure it gets to the market." He said over the years, the summit had become the forum for high quality engagements among thought leaders, captains of industry, civil society and decision makers in the highest echelons of government on the economy of the country. The Vice President noted that the theme of the Summit '2023 & Beyond: Priorities for Shared Prosperity' called on everyone to reflect on what the nation's priorities should be to attain inclusive prosperity from 2023 and beyond. "This is an important question, given the frightening headwinds of the past three years and the emerging local and global trends that will most certainly define the future. "We are buffeted on all sides - local security and economic challenges, global turbulence on the political, economic and social fronts. The Russia-Ukraine war and tensions among the great powers is impacting Africa, includ-ing through higher food prices and disruptions to democratic governance. "The global economy is yet to recover fully from the effects of COVID-19, especially the debts that were racked up to cope with economic slowdown and there is continuing disruption of global supply chains. "Added to these, of course, is the existential challenge of climate change as can be seen from rising sea levels, drought and flooding; the terrible impact of which we have recently seen in many states of Nigeria. "Given this background, it is clear that our work is cut out and we have to choose our priorities going forward very carefully. President Muhammadu Buhari (centre) in a meeting with the presidential candidate of the All Progressives Congress, APC, Asiwaju Bola Ahmed Tinubu (left) and the National Chairman of the party, Senator Abdullahi Adamu (right) on Sunday night at the Presidential Villa, Abuja. Nigeria Air: FG may cede fewer top positions to Ethiopian Airlines, after Vanguard report •ET’s officials arrive today for further talks By Prince Okafor last weekend. T HERE are indications that the federal government may cede fewer top management positions to Ethiopian Airlines in the new national carrier, Nigeria Air, following Vanguard’s report There are, of course, a whole gamut of things that require our attention and many are well captured in the National Development Plan 2021 to 2025. But permit me the liberty of sharing some. "The first of course is improving macroeconomic conditions. On the positive side, the economy continues to grow with GDP growth at 3.54% in the 2nd quarter of this year. Nonoil revenues have similarly continued to improve due in part to strategic revenue initiatives including the annual Finance Act. "For instance, the increase in VAT from 5% to 7.5% in the 2019 Finance Act led to an increase in revenues by up to 69% above target in 2021 while in the same period corporate income tax was 15.5% above target, customs duties were 10% above target and independent revenues of government were up by 17.8%.'' "We are buffeted on all sides : local security and economic challenges, global turbulence on the political, economic and social fronts. The Russia-Ukraine war and tensions amongst the great powers is impacting Africa, including through higher food prices and disruptions to democratic governance. "The global economy is yet to recover fully from the effects of COVID-19 especially the debts that were racked up to cope with economic slowdown and there is continuing disruption of global supply chains. "But It is still our revenue challenges that heighten the notion that we have a debt problem, which is really the case, given that our debt/GDP ratio is just 23%.It is also true though that what matters right now is our debt service to revenue ratio which is undoubtedly high.'' This development might further delay the commencement of the national carrier which was proposed to take off before the end of the year. Vanguard had reported that the agitations and prophetic projections of Nigerian aviation stakeholders that ET’s involvement in Nigeria’s national carrier portended enslavement are gaining strong grounds, with the ceding of all the commanding positions, including the Chief Executive Officer, Director of Finance, Commercial, and Engineering as well as the key positions of purchasing, cargo sales and quality assurance to ET in a proposed organogram published exclusively on Saturday. “With these positions, ET will drive the life, growth and progression of Nigeria’s national carrier. This travesty is the fact that the Nigerian nation will have no representation at global and regional aviation forums as it will be represented by the ‘ET Nigeria Air’ CEO and Commercial Director.'' However, the development has further troubled the Ministry as an authoritative source had disclosed that the Federal Government would likely press to change that organogram. The source disclosed that Vanguard’s report 'opened the eyes' of the Nigerian authorities who were not well informed on the implications of the proposed organogram by ET which they were going to accept. ET’s officials arrive today for further deliberations Meanwhile, officials of ET will arrive Nigeria today to begin further deliberations on the structure of the new Nigeria Air. Another source told Vanguard that the federal government might press for a review of the organogram, even as they may not question the position of Director of Finance being held by ET as they are the major investors. He said: “Vanguard’s report has caused some rethinking among the Nigerian authorities who did not know the consequences of not controlling substantial ownership and management in the new Nigeria. “Ethiopian Airline officials are coming on Tuesday (today) and Nigeria will have to review the organogram, otherwise the Federal Executive Council may not approve the proposal sent in by ET which was going to sail By Johnbosco Agbakwuru ABUJA-The Federal Government lamented yesterday that the country's exchange rate regime has remained a thing of concern to the administration. The government also noted with concern that Nigeria was buffeted with local security and economic challenges as well as global turbulence on the political, economic and social fronts. Vice President Yemi Osinbajo, who expressed the concerns while declaring open the 2022 Nigeria Economic Summit held in Abuja, said as the country continued to face economic challenges, urgent action should be taken to bring inflation down, explaining that inflation was both a tax on the poor and disrupts long term growth. Professor Osinbajo submitted that inflation in Nigeria was partly structural, arising from infrastructural deficiencies, increased money supply, imported inflation and depreciation of the naira. He said: "Our exchange rate regime remains of concern. The discussion that we must have, shun of sentiments, is how best to manage the situation by findthrough before now," one govt source said in Abuja. Stakeholders react Experts in the aviation sector have continued to kick against the country’s partnership with ET as key stakeholders. They alleged that the selection process was not transparent and wondered how only ET appeared as the only bidder for the new carrier. According to the Principal Partner, Avaero Capital, Sindy Foster, so many things didn't make any sense about the process. She said: “Now they are planning to sell the five per cent which the government owns to the public? We do not even know who the current shareholders are and what shares they hold. “If you hold stakeholder meetings and you withhold key elements of your plans and who your preferred bidder is, is that transparency? “The airlines have made it clear they do not want ET as the core investor. What’s there not to understand? They do not want an airline which is competing without a level playing field. What’s there not to understand? There are several areas listed in the business case listing what Nigeria Air will get, which no other airlines have got. It is not a level playing field. “It is clear that the problem for the indigenous airline has been a 'one-man-show' attitude from those who were put in a position to aid them. “I genuinely feel sorry for Nigerians who have no power over their public servants, to the point where they choose to do whatever they like without thought and consideration of the impact. “Where is the feasibility study and impact assessment of this scheme? The outcome of this will be the same as all the other schemes which over time people have cried foul over.” Also, aviation analyst, Olumide Ohunayo, stated: “Virgin Atlantic offered 10 per cent shares to Nigerians as reciprocity for the investment in Virgin Nigeria, what is ET offering Nigerians and shares in Ethiopia Airlines as reciprocity? “Why did ET, Eygpt Air, and two local airlines and other investors bid for the Ghanaian national carrier and only ET bidded for Nigeria, despite the huge market and potential? “Why did the Ghanaian government throw all their bids out and picked the local airline, Ashanti Airline. as the core investor for their carrier?"
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Page 15 and 16: THE BIG INTERVIEW How we are deploy
Page 19 and 20: Insurance claims payment recovers,
Page 23 and 24: Investment in medical equipment key
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