Maritime Transport Dominates Nigerian Exports in Q2 2024
The Nigerian Bureau of Statistics (NBS) has released its Foreign Trade in Goods Statistics report for the second quarter of 2024 (Q2’24), revealing that maritime transport accounted for 99.1 percent of all exported goods during the period. The total value of goods shipped through maritime transport in Q2’24 amounted to N19.25 trillion. While air and road transport accounted for a...
CBN Identifies Insecurity, High Interest Rates, and Taxes as Major Constraints on Businesses
The Central Bank of Nigeria (CBN) has revealed that insecurity, high interest rates, and high/multiple taxes were the primary constraints faced by businesses in August 2024. These factors were identified in the CBN's Business Expectation Survey (BES) report for the month. Despite these challenges, the report also indicated a positive outlook for business activities and employment in the coming months....
CWAY Foods and Beverages Launches Three New Drinks
CWAY Foods and Beverages, a leading beverage company in Nigeria, has introduced three new innovative drinks to its product line: Café Coffee Milk, Fuji Probiotic, and Assam Milk Tea. These new beverages aim to cater to the evolving preferences of Nigerian consumers who are seeking healthier and more sophisticated options. The launch ceremony, held in Lagos, showcased CWAY's commitment to...
CIPM Emphasizes the Importance of People Analytics in HR Practice
The Chartered Institute of Personnel Management of Nigeria (CIPM) has underscored the transformative power of analytics in human resources practice. At the institute's 57th induction ceremony, themed "Strategic Decision-Making through People Analytics," speakers emphasized the pivotal role of data-driven insights in shaping effective HR strategies. In today's rapidly evolving business landscape, HR professionals are tasked with navigating complex challenges and...
Attracting the Right Talent Key to Quality Output-Sunbeth MD
The Managing Director of Sunbeth, Olasunkanmi Owoyemi, has emphasized the critical importance of attracting and selecting the right talent to maintain quality output and accelerate service delivery. Speaking at the recent induction ceremony for new members of the Nigerian British Chamber of Commerce (NBCC) in Lagos, Owoyemi highlighted the significance of prioritizing key skill sets in enhancing operational efficiency. Represented...
Netzence Sustainability Limited: A Game-Changer in the Carbon Compliance Market
Netzence Sustainability Limited (Netzence), a leading provider of sustainable solutions, has reaffirmed its commitment to driving positive change in the global climate crisis. The company's flagship technology, CloseCarbon, offers a comprehensive and innovative approach to carbon emissions management, empowering organizations to accurately monitor, report, and verify their carbon footprint. In a world increasingly concerned about the devastating effects of climate...
NERC Mandates Discos to Increase Embedded Generation Capacity
The Nigerian Electricity Regulatory Commission (NERC) has ordered electricity Distribution Companies (Discos) to significantly increase their embedded generation capacity. This move is aimed at improving the reliability and efficiency of power supply across the country. Embedded generation, which involves producing electricity closer to the point of consumption, is seen as a key solution to the ongoing power challenges in Nigeria....
DBN to Host 5th Annual Lecture Series on MSMEs in Nigeria
The Development Bank of Nigeria (DBN) is set to host its fifth annual lecture series on September 25, 2024, at the Transcorp Hotel in Abuja. The event, themed “Empowering Nigerian MSMEs in a Challenging Global Landscape,” will bring together industry experts and stakeholders to discuss the critical challenges facing micro, small, and medium enterprises (MSMEs) in Nigeria and explore...
Brave Achievers to Host Re-Invent X, Africa’s First AI Training Summit
U.S.-based non-profit organization, Brave Achievers, is set to host the inaugural Re-Invent X, Africa's first artificial intelligence (AI) training summit, in Lagos this November. The three-day summit aims to bridge the tech skills gap by focusing on generative AI, machine learning, and AI-driven business models. By empowering Nigerians with cutting-edge technology knowledge, Re-Invent X seeks to unlock new economic opportunities...
Federal Government Launches Free CNG Conversion Initiative
The Federal Government has taken a significant step towards promoting cleaner energy and reducing fuel costs for Nigerians by launching a free Compressed Natural Gas (CNG) conversion initiative for commercial vehicles. The initiative, which was first implemented in Ibadan, Oyo State, and Zaria, Kaduna State, aims to convert petrol-powered commercial vehicles to CNG. By doing so, the government hopes to...
