Yemisi Izuora The Nigerian Stock Exchange (NSE) ihas launched a state-of-the art Data Centre on August 28, 2017. The Data Center which was commissioned by the Honourable Minister of Science and Technology, Dr. Ogbonnaya Onu, has been built to Uptime Institute’s TIER III design standards. The Data Centre is consistent with NSE’s tradition of pioneering far-reaching innovations within the Nigerian Capital Market. With this implementation, the NSE can now offer state of the art and secure cloud services to both market operators and any firm interested in having a low-cost, highly available service for their customer base. The Honourable Minister of Science…
Author: Orientalnews Staff
Yemisi Izuora British Airways has predicted boom in Nigeria’s aviation industry saying the sector would experience a boom in air travel between this year and next, going by marginal improvement in air travel. According to Country Commercial Manager for British Airways, Mr. Kola Olayinka, Nigeria would also experience increase in passengers going by the huge travel needs, occasioned by situation, which has led to improvement in the economy. He said “Let’s be very honest, as a Nigerian looking at this economy, almost everybody is rationalising. Let’s take it from the family unit. Sometimes I say to the kids ‘you are not…
Yemisi Izuora Oil marketers in the country have raised alarm over plans to embark on mass retrenchment of workers as Federal Government failed to pay their outstanding debts owed on petroleum importation, accrued interest and exchange differential which runs over $2 billion to date. The marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) Independent Petroleum Marketers Association of Nigeria (IPMAN), Depot and Petroleum Products Marketers Association (DAPPMA) and Independent Petroleum Products Importers (IPPIs) This was contained in a joint communiqué issued by the marketers after their joint meeting in Lagos on Tuesday, signed by their legal adviser, Patrick Etim Esq and…
…..Says Nigeria’s Unity Negotiable, Kanu To Drop Biafra Agitation Yemisi Izuora A new wave of agitation for Nigeria’s restructuring filled the air as leaders from southwest joined by prominent elements from south east and south south came out strongly today demanding immediate discussions on the unity of the count. At a well attended meeting which was followed by a press conference the leaders warned about the dire consequences of opposing the agitation. The leaders under the umbrella of “Southern Leaders Of Thought” led by Prof. Ben Nwabuze, at a press conference in Lagos said it has produced a roadmap that…
Hyacinth Chinweuba. The Nigerian Customs, Compliance Team established recently, set to fortify the war against smugglers has raked in a total amount of N1,100,000,000 (One billion, one hundred million naira). National Coordinator of the Compliance Team Zone A, B and C, Comptroller Azarema Ahmed, after visiting the zones on the task ahead, advice that, they should not be found culpable of corruption in compromising their duties, they are expected to discharge their service effectively. The zones, which comprises of Zone A (Western Region) covers six(6) States, Zone B (Northern Region) effectively covers 19 States while Zone C (Eastern Region)…
Yemisi Izuora The Director General of Federal Institute of Industrial Research, Oshodi (FIIRO), Prof (Mrs) Gloria Elemo has said that for innovation to be effective, it has to be simple and it has to be focused. Prof. Elemo who was represented by the Deputy Director, Tecno Enterprises of the FIIRO, Mr. Ogundeji Rasaq Kayode, delivering a key note address at the #WorldstageEconomicSummit2017, themed “‘Transforming Business and Economy Through Innovation’ said innovation must be channeled towards solving one problem, so as not to confuse people. She stated that innovation that creates new users and new markets should be directed toward a specific, clear and carefully designed application. “Effective innovations start small.…
Yemisi Izuora. In order to fulfill Nigeria’s potential of stimulating economic prosperity, a reformulation of the nation’s business paradigm both theoretically and experimentally must be achieved says Dr. Ayodele Ibrahim Shittu. Dr. Shittu, an expert in Entrepreneurship and Business Innovation Economics, who lectures in the Department of Economics, University of Lagos, whilst delivering the lead paper Titled, “TRANSFORMING BUSINESS AND ECONOMY THROUGH INNOVATION” during the #Worlstageeconomicsummit2017, explained that commitment, consistency, and sincerity of purpose on the part of the business and political leaders and followers is required to transform the Nigeria’s business environment for greatness and prosperity. According to him, Nigeria’s business environment is…
Yemisi Izuora. The President/CEO of Worldstage Group, Mr. Segun Adeleye, convener of the #Worldstageeconomicusummit2017 has advised all Nigerians and business owners within the country to imbibe innovation for economic development. According to him, diversification into non-oil sectors may not be enough to sustain the nation’s economic development without adapting new ways of doing things. In his words, “Nigeria is projected to be the third most populous country behind India and China by 2050, any diversification now without innovation by businesses and government may be tantamount to running on the same spot.” Presenting his introductory address at the summit, Mr. Adeleye explained that the theme ‘”Transforming Business…
Yemisi Izuora Chevron Corp Chief Executive John Watson is likely to step down by the end of next month and may be replaced by Vice Chairman Mike Wirth, a source familiar with the matter told Reuters. The unexpected shake-up at one of the world’s largest oil and natural gas producers comes as pressure grows on the industry to further cut costs and control spending. In Wirth, Chevron would pivot to a leader with experience in refining, where costs are regularly scrutinized down to the fraction of a penny. The move would copy rival Exxon Mobil Corp, which earlier this year…
Yemisi Izuora World Bank may not be considering funding development of Nigeria’s huge coal deposits for power generation, according to information from reliable financial sources. According to the information the sector did not qualify for funding from the World Bank and many multilateral financial institutions despite the abundance of the mineral resources in Nigeria. It will be recalled that the Federal Government had in the past announced plans to generate about 30 per cent of Nigeria’s electricity from coal, but described the initiative as “unclean power.” In April this year, the Minister of Mines and Steel Development, Dr. Kayode Fayemi,…