NPA promotes staff, names 4 GMs, 8 AGMs
The Nigerian Ports Authority (NPA) has announced the appointment of four new General Managers and eight Assistant General Managers. The appointment, according to a press release signed by Ibrahim Nasiru, Assistant General Manager, Corporate & Strategic Communications, is in furtherance…
UNDP unveils top 12 entrepreneurs transforming access to health, energy, others
The United Nations Development Programme (UNDP), École Polytechnique fédérale de Lausanne (the EPFL), Orange and SAP have released the 12 finalists of the Growth Stage Impact Ventures (GSIV) for Sustainable Development Goals (SDGs) initiative, which aims at identifying and showcasing…
Global Gaming PC Shipments to Hit 30% Increase in Five Years
The COVID-19 continues fuelling impressive growth of the entire gaming industry, with millions of people spending more money on games and gaming equipment. According to data presented by 123scommesse.it, global gaming PC shipments are expected to hit over 65 million…
Ghana beats Nigeria again, receives $2.7b FDI in 2020
More salutary facts on why US digital giant, Twitter chose Ghana ahead of Nigeria as its African regional headquarters are still emerging. Just as global foreign direct investment (FDI) collapsed in 2020, falling 42% from $1.5 trillion in 2019 to…
NCC releases guidelines on infrastructure co-location
As part of regulatory drive to raise flexibility in service delivery and further reduce cost of production on the side of telecom firms, the Nigerian Communications Commission (NCC) has released fresh guidelines bounding on access provider for rejecting any request…
Nigeria’s inflation on free for all jump at 18.17% in March
Thursday, the National Bureau of Statistics (NBS) released inflation data for March 2021, which showed that the headline inflation rose for the 19th consecutive month, rising by 84bps to 18.17%. The print is 7bps lower than Cordros’ estimate (18.24% y/y)…
High forex, insecurity aid collapse of cargo imports to 50%
The inability of the Federal Government to heed to the clamour for subsidised and special exchange rate for industries and manufacturing concerns has continued to take toll on the capacity of the real sector to sustain cargo imports. As a…
Dangote says cement price lower than prices across W’Africa
Following a recent viral video of a Nigerian comedian shouting that Dangote Cement is killing Nigerians with high cost of cement, management of Dangote Cement Plc has clarified that the price of a bag of cement from its factories and…
(Special Report) What manner of backward integration in both cement, sugar?
Just like during the President Goodluck Jonathan era, Nigerians were fooled into believing that as soon as the country achieves backward integration in cement, the price will crash and housing supply will be enhanced. Fast-forward to current realities. Whereas the…
Like in Somalia, Congo, bandits now in control of mining sites in Zamfara, others
Banditry activities known for solid minerals mining sites in Somalia, Congo, Sierra Leone and Liberia, among other African countries may have started playing out in some states blessed with choice solid minerals like gold and Lead-Zinc and others in Nigeria…
