Business

Nigerians Feel The Pinch As Food Prices Continue To Spiral. There Aren’t Easy Solutions

Things are not rosy for Nigerians as food prices keep rising. Benson Ibeabuchi/AFP via Getty Images Ndubisi Nwokoma, University of Lagos Nigeria is grappling with rising food prices, as reflected in the spike in inflation. The annual inflation rate accelerated for a sixth straight month to 19.64% in July 2022, the highest rate since January 2017. The Conversation Africa asked ...

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Zambia Seeks Dangote’s Assistance In Developing Fertiliser Industry

The Zambian Minister of Commerce and Industry, Mr. Chipoka Mulenga, has sought the assistance of the President, Dangote Group, Aliko Dangote in the development of his country’s agricultural sector. Chipoka Mulenga, who led a delegation from Zambia on tour of the 3.00 million metric tonnes Dangote Fertiliser plant at the weekend, called for a collaboration between Dangote Group and the ...

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FG Moves To Resolve Tariff Shortfalls In Power Sector

The inauguration of a board for the Nigeria Electricity Liability Management Company (NELMCO) will enhance ongoing efforts to resolve liabilities relating to tariff shortfalls for distribution companies, among other challenges plaguing Nigeria’s power sector, according to Vice President Yemi Osinbajo, SAN. Prof. Osinbajo gave the assurance in his remarks delivered virtually on Friday at the inauguration of the new board of ...

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How GCX Helps Large Organisations Drive Zero Waste To Landfill Agenda

Striving for Zero Waste to Landfill Agenda (ZWTL) has risen to the top of the agenda for a growing number of companies across all industry sectors. As sustainable solutions experts, GCX is helping organisations map their ZWTL strategy, gain data insights and obtain independent certification. Recognition of the reputational and economic benefits that can be gained by minimising waste means ...

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Fuel Subsidy Hits N1.593tn As Refinery Rehabilitation Gulps N54.66bn

Latest data on the amount spent in subsidising Premium Motor Spirit, popularly called petrol, seen in Abuja on Monday showed that the government subsidised the commodity with N1.593tn between January and June 2022. It was also gathered that the Nigerian National Petroleum Company Limited pumped N54.66bn into refinery rehabilitation during the six months period. Figures obtained from the NNPCL’s presentation ...

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MoData Partners With Sygno To Offer Smarter Financial Crime Risk Management Solutions

The digital and financial solutions specialists, MoData, have partnered with Sygno, an Automated Machine Learning provider, to provide modular, cloud-native transaction monitoring models, including SaaS alert and case management capabilities to make holistic financial crime compliance more operationally agile. The partnership will give MoData’s clients across the globe access to Sygno’s automated machine learning and case-management tools that flip financial ...

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Emirates Invests Over $2 Billion To Enhance Customer Experience

Emirates is investing over US$ 2 billion to enhance its inflight customer experience, including a massive programme to retrofit over 120 aircraft with the latest interiors, plus an array of other service improvements across all cabins starting in 2022. Emirates is still flying on its brand promise of ‘Fly Better.’ Sir Tim Clark, President Emirates Airline said: “While others respond ...

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7-Man American Team Arrives For Aba Power

A team of electricity experts from the United States arrived in Aba, the commercial nerve centre of Abia State, yesterday  to start work as the technical partner of Aba Power Limited, a member of Geometric Power Limited founded by Professor Bart Nnaji, a former Minister of Power and a globally respected engineer. The seven experts are from the international arm ...

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Anambra Broadband Drive And The Soludo Megacity Goal

Uzor Maxim Uzoatu Governor Charles Chukwuma Soludo has never hidden his initiative to turn Anambra State into one megacity. The broadband installation is the grand way to go. Just last year, on March 30, Anambra State scored a remarkable feat by becoming the first state in Nigeria to bring together eminent stakeholders in a conference to singularly address the obstacles ...

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