Business Archives - Page 34 of 38

Anambra State Government Partners EEDC On Steady Power Supply

NewsDeskNgMar 25, 2023March 25, 20230

Government of Anambra State has entered into partnership with Enugu State Electricity Company, EEDC for the development of mechanisms to ensure steady power supply across the state. An MOU signing ceremony between both parties was performed at the EXCO Chambers, Government House, Awka. While Governor Chukwuma Soludo and the Commissioner...

Cloud economics for enterprises

NewsDeskNgMar 24, 2023March 24, 20230

Key considerations to derive optimal value from cloud When looking at cloud economics for enterprises, it is important to determine whether the cloud spend within the organisation is optimal today and will continue to be so tomorrow. According to Jon Tullett, Associate Research Director, IT Services & Cloud, at IDC sub-Saharan...

Naira falls to dollar, exchanges at N461.67

NewsDeskNgMar 24, 2023March 24, 20230

The Naira on Thursday depreciated against the dollar at the investors’ and exporters’ window, exchanging at N461.67. The rate represented a decrease of 0.04 per cent compared to the N461.50 for which it exchanged to the dollar on Wednesday. The open indicative rate closed at N461.25 to the dollar on...

Nigeria Air Will Fly Before May 29 – FG

NewsDeskNgMar 24, 2023March 24, 20230

In spite of lingering court case, the Federal Government has insisted the National Carrier, Nigeria Air, will take to the sky before May 29, 2023. Minister of Aviation, Sen. Hadi Sirika, gave the assurances during the National Aviation Stakeholders Forum 2023, on Thursday. He said the Federal Government is taking...

CBN increases Monetary Policy Rate to 18%

NewsDeskNgMar 21, 2023March 21, 20230

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has increased the Monetary Policy Rate (MPR) to 18 per cent from 17.5 per cent. The CBN Governor, Mr Godwin Emefiele said this on Tuesday when he read the communique issued at the end of the 290th meeting...

Dangote Makes N460bn In A Day, Overtakes Four On Billionaires’ List

NewsDeskNgMar 20, 2023March 20, 20230

Nigerian business tycoon, Aliko Dangote, overtook two Russians, one Chinese and an Indian on the billionaires’ list on Monday, after making N460bn in a day. The Chief Executive Officer of Dangote Group made the profit following increased demand for Dangote Cement, beating his fellow billionaires by earning about $100 million....

UK budgets £10m for energy solution in Sub- Saharan Africa

NewsDeskNgMar 18, 2023March 18, 20230

The United Kingdom has earmarked 10 million pounds grant for innovators in Sub-Saharan Africa, South East Asia, and South Africa to address the energy situation . Mr Joshua Adedeji, Knowledge Transfer Manager for the Innovate UK Nigeria, said this in statement at the end of an Energy Catalyst meeting in...

Sanwo-Olu Vows To Shut Banks Rejecting Old Naira Notes, Releases Hotlines For Reporting

NewsDeskNgMar 13, 2023March 13, 20230

The Governor of Lagos State, Babajide Sanwo-Olu, has vowed to report any bank that rejects the old notes to the Central Bank of Nigeria and to shut the offending branch immediately. He made this known in a statement released via his Instagram account on Monday. He wrote, “My dear Lagosians,...

Cashless Policy: Gov Bello Vows To Arrest, People Rejecting Old Naira Notes

NewsDeskNgMar 11, 2023March 11, 20230

Kogi State Governor, Yahaya Bello has vowed to arrest and prosecute people rejecting the old Naira notes. This is contained in a statement issued by Bello’s Commissioner for Information and Communications, Mr Kingsley Fanwo in Lokoja, on Friday. The supreme court had on Wednesday ruled that the old Naira notes...

Naira ends week on negative note

NewsDeskNgMar 11, 2023March 11, 20230

The Naira on Friday lost to the dollar as it exchanged at N461.50 at the Investors’ and Exporters’ window. The rate represented a decrease of 0.11 per cent, compared to the N461 for which it exchanged to the dollar on Thursday. The open indicative rate closed at N461.50 to the...