Business Archives - Page 13 of 24

Feb

08

2024

FG directs 102,000 metric tonnes of rice and corn to be released immediately.

Business, Economy, Metro, NewsBusiness, Economy, Metro

The delivery of 102,000 metric tonnes of rice and corn to Nigerians has been ordered by the federal government due to the country's food crisis and inflationary trend. The government has also stated that, in order to supplement supply, it may start importing any shortages that may arise. The Minister of Information and National Orientation, Mohammed Idris, made this statement while responding to inquiries from State House media soon after the Thursday meeting of the Presidential Committee on Food Emergency at the Presidential Villa in Abuja. According to him, "food will be made available, whatever it takes," under the president's…

Feb

03

2024

By Amos Oge Kalu

VIDEO: Systemic Demolition Of Igbo-Dominated Markets In Lagos; Ohanaeze Advises Traders To Think Home

Business, Economy, Metro, News, VideoBiafra, Business, Economy, Metro, Ohanaeze Ndigbo

Expressing strong disapproval of the deliberate demolishing of markets predominantly owned by the Igbo community in Lagos: Igbo people, it is prudent to gradually withdraw. OHANAEZE NDIGBO - 3/2/2024 Ohanaeze Ndigbo, the esteemed voice of the Igbo, vehemently denounces the blatant utilization of state machinery to target peaceful Igbo traders in Lagos State, without any prior notice or evaluation of their goods and products. In light of these distressing events, Ndigbo must acknowledge that it is now time to gradually retreat and redirect their businesses back home. The recently circulated online video depicting helpless Igbo traders at the Trinity spare…

Jan

26

2024

By David Okoye

Real Estate Expert Urges Tech Integration to Address Nigeria’s Construction Challenges

Business, EconomyBusiness, Economy, Next Level, Nigeria

The Nigerian federal government was recently recommended by Femi Akintunde, the Group Managing Director of real estate solution company Alpha Mead, to use the technical innovations of the fourth industrial revolution in order to tackle the nation's multifaceted difficulties. Akintunde underlined at a discussion at the University of Lagos that the government must use technology to combat economic challenges. Akintunde emphasised that collaborating with industry could be an efficient way to address Nigeria's economic problems. He emphasised the significance of preparedness, willingness, and dedication while expressing hope about improving the nation's economic prospects. In spite of obstacles including poor infrastructure…

Jan

26

2024

By David Okoye

Federal Government Launches Nationwide Robotics Competition to Foster AI Education

Business, Economy, LifestyleBusiness, Economy, Metro, Nigeria

To foster scientific brilliance and expand access to Artificial Intelligence (AI) education, the federal government launched the student robotics competition for 2023–2024. Speaking at the workshop's opening in Abuja, Education Minister Tahir Mamman praised instructors and mentors for their commitment to developing the next generation of creators and programmers. Mr. Mammam stressed the need of including robotics education in the curriculum, saying that it gives kids the tools they need to succeed in an increasingly digital world in addition to enhancing their academic experience. He acknowledged the critical role that mentors, educators, principals, and organisers play in increasing the use…

Jan

11

2024

By OHAFIATV

Wema Bank ALAT Set Record Breaking Precedent in 2023 performance.

Business, Economy, SponsoredBusiness, Economy, Wema Bank

Wema Bank, Nigeria’s foremost innovative financial institution and pioneer of Africa’s first fully digital bank, ALAT, set a record-breaking precedent in 2023, with a tremendous upsurge in its 2023 corporate performance as seen in the bank’s 2023 Q3 performance results. In a yearly analysis that captured financials for the first three[3] quarters of 2023, Wema Bank recorded a 130% increase in Profit Before Tax [PBT] and 61% increase in gross earnings, achieving Gross Earnings of ₦150.90bn in Q3 2023, compared to Q3 2022’s ₦93.86bn. The pioneering bank’s Profit Before Tax (PBT) unprecedentedly stood at ₦21.76bn, an astounding 130% increase from…