Breaking News in Nigeria Today Monday 24th July 2023
Here are some of the Breaking News in Nigeria Today Monday 24th July 2023 on some of the nation newspapers .
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Port Expansion: Poor funding stalls N225bn Excravos dredging
One year after its contract was awarded, the dredging and reconstruction of the eight-kilometre Escravos channel’s breakwater, which is expected to gulp N225 billion ($300 million), is yet to take off properly due to lack of funds. It was revealed that bigger ships have been finding it difficult to sail to Delta Port. Also, smaller…
New Telegraph.
30% IT companies plan to explore markets in new countries
About 30 per cent of IT companies operating in Nigeria are planning to expand their operation into new countries before the end of 2023; 37 per cent are planning to expand geographically into a new region, while 45 per cent are eying new cities in an existing country. This was revealed by the Equinix 2023…
New Telegraph.
Sundry Foods grows Kilimanjaro footprint in Nigeria
Leading restaurant brand in Nigeria, Sundry Foods Limited (SFL), has grown the restaurant count of Kilimanjaro, its foremost quick restaurant brand in Nigeria, with the opening of four new restaurants in various parts of the country. SFL’s Head Marketing, Nduka Mokwunye said in a statement that the new branches are located at Bond Mall, Ring…
New Telegraph.
Modion Communications announces 2nd edition IMT conference
Over fifty speakers are to brainstorm and address prevailing concerns in Nigeria’s insurance industry and on the continent at the second edition of the Insurance Meets Tech (IMT) conference. The event is set to take place on September 28 and 29, 2023, at the Civic Centre Victoria Island Lagos, riding on the theme “Unlocking Policy…
New Telegraph.
Dow maintains tenth straight day of gains despite volatility
Wall Street rose in choppy trading on Friday, with a rally in healthcare stocks setting the bluechip Dow index on course for its tenth straight day of gains. After see-sawing for a while, the Dow (.DJI) firmed and was on track to notch its longest winning streak in almost six years. “Valuations are very high…
New Telegraph.
MPC: Analysts divided on another rate hike
As concerns mount over soaring inflation in the country, analysts are divided on the prospects of the Central Bank of Nigeria (CBN) raising or holding its benchmark interest rate-the Monetary Policy Rate (MPR)- when its Monetary Policy Committee (MPC) wraps up its two-day meeting tomorrow. According to the Consumer Price Index (CPI) report released by…
New Telegraph.
‘Ecobank’s single market trade hub, game changer for Nigeria’s SMEs’
Ecobank has called on Small and medium Enterprises (SMEs) as well as large businesses in the country to onboard on its Single Market Trade Hub which was launched recently. According to a press release, “the Ecobank Single Market Trade Hub is a cutting-edge digital platform that serves as an exchange and information repository designed to…
New Telegraph.
Netflix ends password sharing in ‘big market’ India
Streaming giant Netflix has announced its decision to end password sharing in India – a country in which it has millions of subscribers. It has said that Netflix accounts were meant to be used only by people living in a single household. It also said that emails would be sent to those flouting this rule….
New Telegraph.
NGX gets director
The shareholders of Nigerian Exchange Group Plc have approved the appointment of Group Managing Director of VFD Group Pls, Mr Nonso Okpala, as non-executive director. He was appointed at the 62nd annual general meeting held in Lagos. As a non-executive director of Nigerian Exchange Group, Okpala is expected to bring a wealth of knowledge and…
New Telegraph.
United Capital engages COO, directors
United Capital Plc has appointed Ayodeji Adigun as chief operating officer. Also, it appointed Mr Sam Nwanze and Mr Chiugo Ndubuisi as non-executive directors. Adigun served as executive director/ chief operating officer at Nova Merchant Bank Limited prior to the appointment. The company’s Secretary, Leo Okafor, said in a statement that he would oversee its…
New Telegraph.
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