Business news
Speakers at a panel discussion in the ongoing Gulf Information Technology Exhibition’, GITEX 2022, in Dubai, United Arab Emirates, UAE, have commended the Nigerian government for its interventions towards the rapid development of digital economy infrastructure, in the country. According to them, the Nigerian government’s efforts have significantly transformed the country’s Information Communication Technology, ICT, […]
The International Fund for Agricultural Development-Value Chain Development Programme (IFAD-VCDP), says it is putting together modalities that will ensure the mitigation of the impact of flooding across the most affected VCDP operating states in Nigeria. Speaking to newsmen at the 5th implementation mission wrap up workshop in Abuja, the country director, IFAD, Dede Ekuoe, identified […]
Demand for electricity expected to grow at a 2% CAGR for the next two decades, largely driven by industrial motors, space cooling, appliances and electric vehicles. Renewable energy sources are shifting the energy value chain, allowing for “prosumers” to feed energy into the grid while simultaneously consuming it. Ericsson is partnering with several utility industry […]
Deposit banks’ borrowing from the Central Bank of Nigeria (CBN) rose year-on-year (YoY) by 12 per cent to N2.02 trillion in September 2022, under the Standing Lending Facility (SLF) and Repo lending. The CBN has two short term lending windows for banks namely the Standing Lending Facility (SLF) and Repo lending. While the CBN lends […]
US President Joe Biden on Monday condemned Russia’s missile strikes on Ukrainian cities, saying they “demonstrate the utter brutality” of Vladimir Putin’s “illegal war.” “The United States strongly condemns Russia’s missile strikes today across Ukraine,” Biden said in a statement. “These attacks killed and injured civilians and destroyed targets with no military purpose,” he said. […]
After eight months of stalled negotiations with the Federal Government, the Academic Staff Union of Universities on Monday expressed hope that its industrial action will end “in the next few days”. “We hope that working together, in the next few days, we can put an end to this particular imbroglio in the Nigerian educational system,” […]