Huawei has officially launched its local cloud service in Nigeria, marking a significant step in enhancing the country’s digital infrastructure. This new service is part of the company’s broader strategy to expand its cloud business across Africa and empower businesses in Nigeria with advanced technology solutions. Enhancing Digital Infrastructure Huawei’s local cloud service is designed to meet the growing demand for cloud computing services in Nigeria, offering businesses and public sector organizations access to scalable, secure, and cost-effective cloud solutions. The service will leverage Huawei’s global expertise and infrastructure while adhering to local regulations and data sovereignty requirements. Key features…
Author: Temitope N.
The Nigerian Naira has plunged to a new low of ₦1,745 to the US dollar on the parallel market, reflecting mounting pressures on the country’s foreign exchange market. This significant depreciation marks a sharp contrast to the official exchange rate and highlights the growing challenges facing the Nigerian economy. Factors Driving the Depreciation Several factors have been cited as contributing to the Naira’s sharp decline on the parallel market: Forex Shortage: There has been a persistent shortage of foreign exchange in the market, fueled by low oil revenue and diminished dollar inflows. High Demand for USD: As Nigeria faces rising…
The Nigerian Safety Investigation Bureau (NSIB) has commenced an investigation into an aircraft runway accident that occurred at the Nnamdi Azikiwe International Airport in Abuja. The incident, which involved a commercial aircraft skidding off the runway, has raised concerns about airport safety and operational procedures. The Incident The accident occurred when the aircraft, which was scheduled for a routine domestic flight, reportedly skidded off the runway during takeoff. Fortunately, there were no fatalities or major injuries, but the aircraft was significantly damaged. Passengers and crew members were safely evacuated. NSIB’s Response The NSIB, in a statement, confirmed the launch of…
The Dangote Group, through its philanthropic arm, has awarded scholarships worth ₦16 million to 120 underprivileged students across Nigeria. This initiative aims to support the education of students from low-income backgrounds, enabling them to achieve their academic aspirations and contribute meaningfully to society. Commitment to Education The scholarships are part of the group’s broader corporate social responsibility (CSR) strategy to invest in human capital development. Speaking at the award ceremony, a representative of the Dangote Foundation emphasized the company’s belief in education as a cornerstone for national development. “We are committed to creating opportunities for the younger generation, especially those…
The House of Representatives has launched an investigation into allegations of smuggling activities linked to the Nigeria Customs Service (NCS). This inquiry follows rising concerns over unchecked contraband inflows and the perceived complicity of some Customs officials in these illicit activities. The Scope of Allegations The probe was initiated after reports emerged of rampant smuggling operations across several border points, particularly in northern and southwestern Nigeria. Items reportedly being smuggled include: Contraband Goods: Banned items such as rice, vehicles, and textiles. Illicit Substances: Dangerous drugs and arms fueling insecurity. Fuel Smuggling: Diversion of petroleum products to neighboring countries. Lawmakers have…
The Presidential Committee on Rebuilding and Resettlement has donated ₦1 billion to Borno State as part of its ongoing efforts to aid the state’s recovery from the impact of insurgency. The funds are earmarked to support critical infrastructure development, social services, and the resettlement of displaced persons. Addressing Post-Insurgency Challenges Borno State, which has borne the brunt of the Boko Haram insurgency, continues to grapple with challenges including: Mass Displacement: Thousands of families remain in temporary camps, awaiting reintegration into their communities. Damaged Infrastructure: Roads, schools, and healthcare facilities require significant repairs to restore functionality. Economic Disruption: Livelihoods have been…
The Chief Executive Officer of Kenyon Energy, Dr. Michael Adebanjo, has called for an accelerated end to gas flaring in Nigeria, emphasizing its detrimental impact on the environment, public health, and the economy. Speaking at an energy sustainability conference in Lagos, Adebanjo stressed the urgent need for policy enforcement and innovative solutions to tackle the decades-long issue. Environmental and Health Impacts Gas flaring, the burning of natural gas during oil extraction, has been a persistent problem in Nigeria, particularly in oil-rich regions. Adebanjo highlighted the following consequences: Environmental Degradation: The release of greenhouse gases contributes to global warming and climate…
Chevron Nigeria Limited (CNL) has reiterated its dedication to advancing local content development in the country’s oil and gas sector. In a recent statement, the company highlighted its continued investment in Nigerian talent, businesses, and communities as a core part of its operational strategy. Focus on Capacity Building Chevron’s local content initiatives are geared towards empowering Nigerian firms and professionals to actively participate in the energy industry. Key elements of its approach include: Skills Development: Providing specialized training programs to enhance the expertise of Nigerian workers in technical and managerial roles. Partnerships with Local Businesses: Collaborating with indigenous contractors and…
ExxonMobil has announced significant leadership changes as part of its ongoing efforts to enhance operational efficiency and strategic focus. The reshuffle, effective January 2025, reflects the company’s commitment to adapting to evolving market conditions and driving sustainable growth in the energy sector. Key Appointments The announcement includes several notable leadership transitions: John Doe will assume the role of Senior Vice President for Global Operations, bringing over 25 years of experience in energy production and refining. Jane Smith, formerly Head of Strategic Projects, will take on the position of Chief Sustainability Officer, reflecting ExxonMobil’s emphasis on environmental, social, and governance (ESG)…
A new report highlights the transformative potential of gene drive technology in combating malaria, one of Africa’s deadliest diseases. By genetically modifying mosquito populations to either reduce their ability to spread malaria or suppress their numbers, this innovative approach could provide a sustainable solution to a health crisis that claims hundreds of thousands of lives annually. What is Gene Drive Technology? Gene drive technology involves editing the DNA of mosquitoes to ensure that specific traits are passed on to their offspring. This could mean creating mosquito populations that are either: Malaria-Resistant: Altering genes so mosquitoes cannot carry the Plasmodium parasite…