CBN data localisation directive will boost investment in digital infrastructure — GFA Co-Founder
By Babajide Komolafe The Central Bank of Nigeria, CBN, data localisation directive will create measurable, long-term demand for local data centres, cloud services and other sovereign digital infrastructure, GFA Technologies Group has said. Co-founder of GFA Technologies Group, Adebola Omololu, stated this while assessing the investment opportunities arising from the directive, describing it as a catalyst […]
Market conditions not favourable to IPOs this year — Experts
The present market sentiment which is expected to be sustained in the first half of the year does not support any market listing or an Initial Public Offer, IPO, in 2015, experts at United Capital Plc have said. This is contained in their end of year review titled, “Nigerian Economy and Financial Markets, 2014 Review and 2015 Outlook: ‘Tales of Two Halves’.
‘PZ Wilmar invests N12.4bn in vegetable oil production plant
PZ Wilmar Nigeria Limited, a subsidiary of PZ Nigeria Plc, a quoted company on the Nigeria Stock Exchange, NSE said it invested about N12.4billion ($75 million) in its vegetable oil production plant , as it expects 100 percent local content input in five years. The Managing Director of the company, Santosh Pillai disclosed this at the reward ceremony of Devon Kings vegetable oil ‘Cruise promo,’ where its trade partners were rewarded with prizes worth over N30 million, which included cars and cash prizes in the Lagos zone of the promo for their performance in the 2014 financial trading year.
We are enhancing lives through improved technologies — Okafor
Mr. Edwin Obiora Okafor is the CEO/MD, Access Telecommunication Link Service Limited, an indigenous company with Head office in Jakarta, Indonesia. Noted for his remarkable commitment to telecommunication and hybrid security technology, Okafor was determined to ensure that all Nigerians receive the best of his services at an affordable price.
FCMB boosts cashless policy with mobile POS terminals
First City Monument Bank (FCMB) Limited has unveiled a Mobile Point of Sale (MPoS) terminal, called FCMB PayPad. The Bank said the introduction of the new product is a demonstration of its commitment to further support the growth of Small and Medium Scale Enterprises (SMEs) and the success of the cashless policy initiative in Nigeria.
NCAA to sanction airlines over indebtedness
The Nigerian Civil Aviation Authority, NCAA has declared that it would sanction all airlines that are indebted. The Director General of NCAA , Captain Usman Muhtar, who made the declaration, added that erring airlines who fail to pay up their outstanding debts and remit their current payments would face appropriate sanctions. According to him,”all operating airlines who are indebted to the authority should commence remittance of outstanding and current payments or appropriate sanctions will be applied in full”
