HP Introduces New Global Partner Program, Amplify

By Adedapo Adesanya The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Mr Aminu Maida, has charged Nokia Networks to increase its investments in Research and Development (R&D) to support the growth of Information and Communication Technology (ICT) in Nigeria. Mr Maida spoke when a delegation from Nokia Networks of Finland led by the Deputy Minister, Under-Secretary of State for International Trade from the Ministry for Foreign Affairs of Finland, Mr Jarno Syrjala, visited the commission recently to explore further opportunities for mutually beneficial relationships. He told the delegation that the Nigerian government is

By Kehinde Ogundare In recent years, the global economy has faced and continues to face numerous challenges, including a pandemic, war, climate change, and inflation. Businesses have had to adapt and find new ways of working to tackle these challenges. Nigeria is no exception. According to the National Bureau of Statistics of Nigeria, the annual inflation rate accelerated to 24.08% in July 2023, the highest since September 2005. This has affected everything from electricity tariffs to transportation, all crucial to the performance of Nigerian enterprises. Fortunately, by adopting the right technologies and using them the right way, enterprises can ensure that they’re

By Aduragbemi Omiyale A new data centre business known as Nxtra by Airtel has been unveiled by Airtel Africa Plc, with Mr the former head of Global Data Centre Portfolio Management at Amazon Web Services, Mr Yashnath Issur, appointed to lead the new organisation. Mr Issur is armed with about 16 years of experience in the industry and has, over the past year, built a team of experts to execute the strategy. Business Post gathered that Nxtra was established to meet Africa’s growing needs for trusted and sustainable data centre capacity and to serve the fast-growing African digital economy. The

By Aduragbemi Omiyale The Managing Director of Payment Processing & Switching at Interswitch Purepay, Mr Akeem Lawal, has said the company will always throw its full weight behind conversations aimed at improving the payments industry. Mr Lawal said this ahead of the 2023 annual conference of the Committee of e-Business Industry Heads (CeBIH) scheduled to take place from Tuesday, December 5, 2023, to Wednesday, December 6, 2023, in Lagos. He is one of the speakers slated to attend the event with the Managing Director of Verve International, Vincent Ogbunude; and the Managing Director of Digital Infrastructure and Managed Services at

By Dipo Olowookere The treasury bills market space was slightly bullish on Friday after the Central Bank of Nigeria (CBN) failed to conduct an Open Market Operations (OMO). It was observed during the trading session that investors started to cherry pick on attractive yields around the mid tenors. According to analysts at Zedcrest Research, yields consequently closed lower by 0.15 percent on the day. However, in the coming week, yields are expected to trend slightly higher as the CBN will likely sustain its spate of OMO and FX interventions in the market. Meanwhile, rates in the money market remained elevated

By Aduragbemi Omiyale Business customers on the Airtel Nigeria network can now gain total control of their service accounts as well as fulfil various requests instantly, regardless of location and time. This is because the leading telecommunications services provider has introduced a new self-care portal, https://www.airtel.com.ng/business/care/#/user/login, specially designed to meet their needs. With the new portal, business customers can now view their business account details including outstanding and overdue bills; access line-level details to identify which accounts are active and inactive as well as view products and usage patterns. Customers can also fulfil several service requests including bill payments, airtime

By Jerome-Mario Chijioke Utomi The debate on the interrelatedness of equity, justice; peace and development is among the most presently discussed topics on the surface of the earth. The reason for this unending debate stems from the time-honoured belief that without equity and justice, there will be no peace. And without peace, no society, group or nation should contemplate development. For Nigeria to achieve the above feat, there exists the need to think over the marriage of two unwilling brides who had no say in their forced and ill-fated union; the amalgamation of the northern and the southern protectorates on

By Adedapo Adesanya Pacegate Energy and Resources Limited (PEARL) has taken its advocacy for increased collaboration in the Nigerian oil and gas sector by engaging stakeholders to discuss and share insights on ways to address oilfield-scale problems, proposing the monitoring of antiscalants as one of the solutions. At a one-day webinar and seminar themed Scale Inhibitor, Application, and Monitoring, stakeholders shared innovative industry development and supply chain updates, analysed global trends and discussed practical ways to apply and monitor scale inhibitions in the industry. The event, which was held in partnership with the Canadian Energy Solutions (CES) and Jacam Catalyst,

The Ogun State government and the World Bank have concluded the design and plans for the Ogun State Economic Transformation Programme (OGSTEP), which will grant up to $350 million long term concessionary loan to the state. The Bank’s final mission to the State on 29th & 30th April was to dot the Is and cross the Ts. The Task Team Leader for the bank, Mr. Kofi Nouve, while presenting the progress report to Governor Ibikunle Amosun, at his Oke Mosan, Abeokuta office, reiterated that the major aim of the programme is to help Ogun State put in place necessary reforms

By Dipo Olowookere As talks concerning the use of unclaimed dividends by the federal government continue to generate different reactions, investors have been assured of the safety of their investments in the Nigerian capital market. Chairman of the House of Representatives Committee on Capital Market, Mr Babangida Ibrahim, this week said the National Assembly will not allow the wolves to devour investors. Speaking when he paid a visit to the Lagos Commodities and Futures Exchange (LCFE) on Wednesday, the lawmaker assured that the parliament will do everything within its powers to support investors and make laws that will deepen the

By Adedapo Adesanya The Naira closed weaker against the American Dollar at the Peer-to-Peer (P2P) window of the foreign exchange (forex) market on Friday, losing N3 to trade at N752/$1 compared with Thursday’s value of N749/$1. Also, in the unofficial market, the value of the Naira to the US currency declined by N5 to trade at N740/$1 in contrast to the N735/$1 it was transacted a day earlier as politicians begin to mop up the available greenbacks in the system. However, it was a different story at the Investors and Exporters (I&E) window as the Naira maintained stability against the

By Adedapo Adesanya  The oil market traded higher on Thursday by more than one per cent, extending the previous day’s rally as optimism continued over record crude exports in the United States and signs that recession fears are slowing. Brent crude appreciated by $1.27 or 1.3 per cent to close at $96.96 a barrel, as the West Texas Intermediate (WTI) crude grew by $1.17 or 1.3 per cent to $89.08 a barrel. Data showed that US crude exports, a hopeful sign for demand, surged to a weekly record of 5.1 million barrels per day, cutting net crude imports to just