It has often been said that small and medium-sized enterprises (SMEs) are the lifeblood of the Nigerian economy as they play a crucial role in alleviating poverty and unemployment. Consequently, Nigeria has seen a surge in the proliferation small businesses as many youths turn to self-employment in the face of a worsening unemployment crisis. At…
China has appointed its Ambassador to the United States Qin Gang as its new foreign minister, according to state media. Qin, 56, replaces Wang Yi, who has been China’s top diplomat for the past decade.Wang, 69, was elected to the politburo of the Chinese Communist Party in October and is expected to play a bigger…
Belgium-based Ryanair cabin crews have started a three-day strike, resulting in dozens of the low-cost Irish carrier’s flights being grounded and affecting thousands of passengers. The strike came on Friday as the cost of living crisis continued, increasing labour strife across Europe that has disrupted the festive period.Ryanair employees in Belgium have already gone on…
Dangote Cement Plc, Ibese Plant has launched multi-million naira corporate social responsibility projects for its host communities. The company disclosed that during an event tagged “2022 Host Community Day”, it unveiled various empowerment programmes including skill acquisition, scholarship, farming techniques training as well as empowerment of vulnerable women in its 17 host communities. It claimed…
In a bid to beat the December deadline, the shareholders of MTN Nigeria Plc have approved the cancellation of 7.5 billion unissued shares, the company has disclosed. In a public disclosure on the Nigerian Exchange Limited on Monday, the telecoms company’s shareholders also approved the cancellation of over 402 million preference shares of $0.005 each….
Renewvia Energy and its local partner, Incremental Energy Solutions Limited, have signed a long-term power supply contract with United Bank for Africa to supply their branches with clean energy generated from Renewvia’s cutting-edge microgrids. Under the contract, Renewvia will design, finance, own and operate solar microgrid systems to deliver clean, resilient, and affordable power supply…
Bola Ahmed Tinubu, presidential candidate of the All Progressive Congress (APC), says Nigerians will not have to deal with the challenge of multiple foreign exchange (FX) rates if he is elected president. Tinubu spoke at luncheon with business owners titled ‘business forward’ on Thursday in Lagos. Currently, Nigeria operates two foreign exchange (FX) markets: one…
…Governor takes first ride, announces January commissioning date …Rail line begins operations after test running, to move 250,000 passengers daily By Aypmide Otitoju Exactly 1:31pm on Wednesday, history was recorded in Lagos State. Governor Babajide Sanwo-Olu formally stepped into the coach of the newly completed Lagos Blue Line and took the first trip aboard the electric-powered…
By Ayomide Otitoju Marlborough, Mass., November 29, 2022 – ExaGrid®, the industry’s only Tiered Backup Storage solution, today announced that the company was honored with two awards at the 13th annual SDC Awards ceremony, Angel Business Communications’ premier IT awards – the Storage, Digitalisation + Cloud Awards, held in London on November 24, 2022. ExaGrid…
