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NECA has sounded the alarm over the increasing rates of divestment, capital flight, and business closure in Nigeria. The organization attributes these trends to government policy uncertainties and ill-aligned economic decisions. These challenges have led to the loss of employment opportunities, reduced investment inflows, and hindered poverty alleviation efforts in the country.
Former President Goodluck Jonathan has called for closer collaboration between academia and industry partners to enhance industrialisation, economic growth, and the employability of university graduates in Africa. He emphasized the importance of co-creating educational programs that align with the needs of the job market and developing an entrepreneurial mindset among students. Jonathan believes that academia/industry partnerships bridge the gap between theory and practice, provide invaluable insights into the corporate world, and nurture entrepreneurship.
Mobile Virtual Network Operators (MVNOs) in Nigeria are driving innovation and connectivity, helping to define the future of the telecommunications industry in Africa and other emerging economies. These operators, known for their early adoption of new technologies, are using tools such as cloud computing, artificial intelligence, and software-as-a-service to test new ideas and provide more affordable communications services. The new licensing framework in Nigeria is also driving investments in infrastructure and connectivity, benefiting both the MVNOs and local communities. As the MVNO market continues to grow globally, the key to success lies in understanding and connecting with niche markets.
The Economic and Financial Crimes Commission (EFCC) has reaffirmed its dedication to combating corruption in Nigeria and urged journalists to assist in the fight against financial crimes. During a workshop on reporting economic and financial crimes, the EFCC called on media professionals to educate politicians' families and close associates about the consequences of money laundering. The event aimed to enhance journalists' skills in effectively covering financial crimes. The EFCC acknowledged the media's role in its success and emphasized the importance of press support in reducing corruption.
The Nigeria National Petroleum Company limited (NNPCL) has announced that it will be hosting the Africa Pipeline International Conference and Exhibition in Lagos, Nigeria. The conference aims to develop Africa's pipeline systems and will take place from 20-22 November 2023 at the Landmark Centre. Participants can register their interest in sponsorship and exhibitions by visiting https://api-cx.com/pages/contact.
The Nigerian Exchange Limited (NGX) experienced a decline due to sell pressure in Geregu and 23 stocks, resulting in a N15 billion depreciation in market capitalisation. Despite positive market breadth, the all-share index (ASI) decreased by 0.04%. The article provides a detailed analysis of the stocks that gained and lost during this period.
The Nigerian Exchange (NGX) stocks market capitalization increased by more than N77 billion week on week, reaching N35.5 trillion amid persistent bargain hunting in the local exchange. Despite a bearish trend in market activity, the Nigerian Exchange All-Share Index (NGXASI) rose 0.2% to settle at 65,198.08 points. The article explores the factors contributing to this growth, the top traded stocks, sectoral performance, and market sentiments.
The National Universities Commission (NUC) has partnered with the African Centre for Career Enhancement and Skills Support (ACCESS) to enhance the employability skills of Nigerian university graduates. The NUC aims to equip universities with the necessary tools and facilities to nurture graduates who are fully equipped to thrive in a dynamic and interconnected world. The collaboration will focus on improving educational programmes and leveraging entrepreneurship initiatives to foster successful job creators amongst graduates. The NUC hopes that platforms like ACCESS will deepen knowledge surrounding employability issues and formulate concrete actions to drive graduates' employability in the global job market.
President Bola Tinubu's nominee for finance minister, Olawale Edun, has expressed his belief in a stronger value for the Nigerian naira compared to its current official rate. He argues that the weaker currency is not supported by economic fundamentals. This article explores Edun's stance on the naira value and its potential implications on Nigeria's economy.
The Nigerian Computer Society (NCS) is set to host its international conference in Bauchi with the aim of attracting local and international investors to the Nigerian tech industry. The conference will bring together industry experts, decision-makers, and government officials to discuss and showcase developments in the Information Technology sector. The NCS seeks to highlight the massive IT investments in Bauchi State and foster collaboration between the state and the Nigerian Computer Society. The conference also aims to promote the use of e-systems for economic stability and create a future of fully automated states.
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Nigerian government to formulate digital economic policies that would bolster the country's industrial drive. According to the LCCI President, Dr. Michael Olawale-Cole, a sound regulatory framework across all levels of government would create new possibilities and economic opportunities for businesses and investors. He emphasized the disruptive influence of information and communication technology (ICT) on various sectors, including agriculture, healthcare, learning, and manufacturing. The LCCI President also highlighted the growth of Nigeria's tech sector, as well as the vital role of a vibrant innovation ecosystem in fostering job creation and technology deployment in the manufacturing industry.
The delay in the release of President Bola Tinubu's ministerial list has stirred up agitation among Nigerians, with demands for a swift turnaround in the economy. A confidential aide to Tinubu revealed that the delay was to ensure inclusivity and balance in the distribution of offices. Nigerians have set targets and expectations for the incoming ministers, focusing on areas such as security, industrial harmony, and performance-driven selection. The Nigerian Economic Summit Group emphasized the importance of timely ministerial appointments for economic development.
The Nigeria Tobacco Control Alliance (NTCA) has issued a warning against smoking, emphasizing its link to cancer. The NTCA chairman highlighted the importance of implementing Graphic Health Warnings policy on tobacco products to reduce tobacco use and related harms. This article explores the significance of tobacco control measures and the need for swift action in implementing graphic health warnings.
The Nigeria Customer Service Index (NCSI) has been developed by the West African Association of Customer Service Professionals (WAACSP) to measure and improve customer satisfaction across diverse sectors in Nigeria. This data-driven platform aims to empower organizations to enhance their service delivery, contribute to Nigeria's economic growth, and drive excellence in customer service.
The Nigerian Exchange Limited (NGX) announced the reclassification of Fidelity Bank Plc from a Small price stock to a Medium price stock. This reclassification comes as Fidelity Bank consistently traded above the N5 per share threshold for at least four months in the past six months. This article explores the implications of the reclassification on Fidelity Bank and what it means for its investors and the broader market.
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