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JEDC partners coy to mitigate losses

JEDC partners coy to mitigate losses

The Jos Electricity Distribution Company (JEDC) says that to mitigate aggregate technical, commercial, and collection (ATC &C) losses, it has entered into a partnership with GRM. The News Agency of Nigeria (NAN) reports that GRM is a company equipped with skills for effective management of losses. In a statement signed on Friday in Jos by Dr Elijah Adekole, JEDC’s Head,…
Economic hardship: Nigerians employ different coping strategies

Economic hardship: Nigerians employ different coping strategies

As the nation’s economy bits unrelentingly, Nigerians are devising different structural adjustment strategies to keep body and soul together, the News Agency of Nigeria (NAN) reports. A cross-section of respondents who spoke with NAN in Ibadan on Friday said they had resorted to rationing their meager resources amidst other coping mechanisms. A public servant, Mrs. Funmi Alli, said she had…
Active voice subscribers stands at 224.7m in Q4 2023- NBS

Active voice subscribers stands at 224.7m in Q4 2023- NBS

The National Bureau of Statistics (NBS) says a total of 224,713,710 active voice subscribers were recorded in the fourth quarter of 2023. According to NBS, this shows an increase of 0.96 percent compared to the 222,571,568 reported in the fourth quarter of 2022. This is contained in the NBS Telecoms Data: Active Voice and Internet per State, Porting, and Tariff…
Active voice subscribers stands at 224.7m in Q4 2023- NBS

Active voice subscribers stands at 224.7m in Q4 2023- NBS

The National Bureau of Statistics (NBS) says a total of 224,713,710 active voice subscribers were recorded in the fourth quarter of 2023. According to NBS, this shows an increase of 0.96 percent compared to the 222,571,568 reported in the fourth quarter of 2022. This is contained in the NBS Telecoms Data: Active Voice and Internet per State, Porting, and Tariff…
Stakeholders seek improved ease of doing business for sustainable development

Stakeholders seek improved ease of doing business for sustainable development

According to some stakeholders, making it easier to do business in Nigeria will boost sustainable development, attract foreign investment, and encourage entrepreneurship—all of which will help to realize the nation’s economic potential. The stakeholders said this on Thursday in Lagos at the Nigerian-British Chamber of Commerce (NBCC) Inward Trade Mission featuring United Kingdom companies in the Fashion/Beauty Industry. The event…
Expert advocates measures for poverty reduction in Africa through trade

Expert advocates measures for poverty reduction in Africa through trade

Prof. Benedict Oramah has advised African countries to pursue self-determination through inward-looking policies and programmes. He urged them to leverage the African Continental Free Trade Area (AfCFTA) opportunities to boost trade and reduce poverty. Oramah, who is the President and Chairman, Board of Directors, African Export-Import Bank (Afreximbank), made the call on Thursday. He spoke at the 8th Goddy Jidenma…
Adeleke Launches N3.4bn Revolving Cooperative Loan Scheme

Adeleke Launches N3.4bn Revolving Cooperative Loan Scheme

Gov. Ademola Adeleke of Osun launched the “State Special Ward Level Cooperative Loan Programme” on Wednesday with the aim of providing N3.436 billion in revolving loans to cooperative societies in the state. Adeleke, while launching the programme in Osogbo, said the loan would be provided in three phases of N1.145 billion per phase, with a total target of 45,816 beneficiaries.…
Yuan strengthens 7.1030 against Dollar

Yuan strengthens 7.1030 against Dollar

The central parity rate of the Chinese currency renminbi, or yuan, strengthened 38 pips to 7.1030 against the dollar on Wednesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two percent from the central parity rate each trading day. The central parity rate of the…
Port Users Express Concern Over Customs Service Revenue Target Increase

Port Users Express Concern Over Customs Service Revenue Target Increase

LAGOS – Amid Nigeria’s existing economic challenges and efforts to boost revenue for the Nigeria Customs Service (NCS) by raising its target to N5.1 trillion in the second half of this year to curb borrowing, port users have voiced concerns over potential inflationary pressures and adverse effects on businesses. Critics argue that the decision could exacerbate inflation and significantly impact…
Duegi publishing house opens in Abano Terme old railways station

Duegi publishing house opens in Abano Terme old railways station

Abano Terme, Italy On Saturday, January 27th, 2024, a momentous occasion unfolded as the new offices of the Duegi Editrice publishing house were inaugurated within the historic confines of the old railway station in Abano Terme, located in the province of Padua, Italy. Founded in 1987 by Gianfranco Berto, Duegi Editrice has established itself as a leader in rail transport-related…
TASC survey reveals maintaining balance between Global Mobility and Green Nitaqat a predominant challenge for employers in Saudi Arabia

TASC survey reveals maintaining balance between Global Mobility and Green Nitaqat a predominant challenge for employers in Saudi Arabia

Aligning its solutions offerings to help businesses overcome challenges faced for the Global Mobility of human resources; TASC, the leading GRO, HRO, Mobility Solutions and Immigration solutions specialists is redefining the transformative Saudization journey for businesses across industries. In recent market research conducted in the kingdom, TASC observed that achieving a Green Nitaqat status while hiring expatriate talent has been…
Businesses in Panic Mode as Nigeria Customs Adopts Spot FX Rate for Duty

Businesses in Panic Mode as Nigeria Customs Adopts Spot FX Rate for Duty

Lagos, Nigeria, February 5, 2024: The recent adoption of the spot foreign exchange (FX) rate by the Nigeria Customs Service (NCS) for duty calculations has sent importers and the business community into a state of panic. In an unprecedented move, the NCS raised the import duty exchange twice within 24 hours, citing adherence to the Central Bank of Nigeria’s (CBN)…
Facebook Marks 20th Anniversary with 3 Billion Active Users Globally

Facebook Marks 20th Anniversary with 3 Billion Active Users Globally

Global: February 5, 2024: Facebook, the social media giant owned by Meta Platforms, celebrated its 20th anniversary on February 4, 2024, announcing a remarkable milestone of over three billion active users worldwide. This accounts for 57% of global internet users and 38% of the global population. Launched in 2004 as “TheFacebook” by Mark Zuckerberg and his college roommates at Harvard…
KuCoin Lights Up Africa: 100 Reading Lamps Delivered to Students at Cornelia Connelly College

KuCoin Lights Up Africa: 100 Reading Lamps Delivered to Students at Cornelia Connelly College

KuCoin, a top five global crypto exchange, has proudly initiated the “Light Up Africa through the Lens of Children” event with Smiling Simon Greenbuild Foundation, as a part of the innovative KuCoin Campus campaign, marked by the beginning of a series of global efforts to support education and innovation. After the first campus stop in Pakistan, KuCoin Campus has now…
AtkinsRéalis strengthens its advisory, planning and design services with strategic appointments in the Middle East

AtkinsRéalis strengthens its advisory, planning and design services with strategic appointments in the Middle East

AtkinsRéalis (TSX: ATRL), a fully integrated professional services and project management company with offices around the world, has announced key leadership appointments to support its advisory, planning and design services business growth in the Middle East. The new appointments are set to strengthen the company’s regional footprint while meeting clients and projects’ evolving needs to achieve sustainable growth. To help…
Republic of Guinea Announces Groundbreaking Round Table of Donors Event in Dubai

Republic of Guinea Announces Groundbreaking Round Table of Donors Event in Dubai

The Republic of Guinea, through its Ministry of Planning and International Cooperation, has announced a pivotal Round Table of Donors (RTD) event, set for February 15-16, 2024, in Dubai, United Arab Emirates. This event is integral to the Interim Reference Program (IRP) 2022-2025, a part of Guinea’s development strategy in alignment with the Guinea 2040 Vision, the Sustainable Development Goals…
Dangote Cement Plc Honours Distributors at Grand Awards Ceremony

Dangote Cement Plc Honours Distributors at Grand Awards Ceremony

LAGOS – In a festive celebration of loyalty and commitment, Dangote Cement Plc, one of Nigeria’s leading cement producers, hosted a lavish awards ceremony for its dedicated distributors over the weekend. The event, held at the Eko Hotel and Suites in Lagos, showcased the company’s appreciation for the distributors’ unwavering support and their significant role in the success of Dangote…
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