Category: Business

NRI rewards 50 members with brand new vehicles

Emporium Reporters

Nature Renaissance International, NRI yesterday rewarded about 50 of its members with brand new vehicles to enhance their businesses and raise their status.   This was even as the company vowed to return Africa to her enviable position as a living force in the global civilization.   The founder and CEO of the company, Professor Clinton Brown Odiegbe made the presentations at the weekend during the 2nd anniversary ceremony of the company held at International Trade Centre, Abuja.   He described Nature Renaissance International, NRI as a movement focused on…

Understanding IMF ‘Doom Loop’ Warning and Nigeria’s Economy By Adefolarin A Olamilekan

Emporium Reporters

Global economic eventa in recent times is in a twist of fate. Especially as both developed and developing economies are upper-most in recovery from the unpleasant economic impact of Corona virus. Hence, we can not forget in a hurry the global economic projection that follows post covid-19 pandemic. Nevertheless, just as the world was getting set to overcome the economic shock of the pandemic era.The Ukrainian- Russian war explode with it own consequences,both in human casualties and resources calamities. State Actors and non state actors have all lend there voices…

Huawei launches digital literacy programme for 100,000 beneficiaries in Sub-Saharan Africa

Emporium Reporters

Huawei has formally launched its LEAP digital skills development programme. Announcing this at its ICT Competition Awards Ceremony, the company said LEAP aims to help advance the ICT skills of more than 100,000 people across the Sub-Saharan Africa region within three years. More than 15,000 students from over 200 universities and colleges from Sub-Saharan Africa participated in the 2021-2022 Huawei ICT Competition. From the 48 competing teams, Nigerian and Kenyan teams won first prize in the regional final. Teams from Uganda, Ghana, Nigeria, and Tanzania claimed second prize. LEAP is…

Arguable Agencies and Nigeria’s Economy Poverty By Adefolarin A Olamilekan

Emporium Reporters

The rate of economy development and growth across the globe amongst nations.Given, is tied to the coordinating critical role played by agencies in each nations. As economists teach, that respective agencies and institutions in nations determine long-term economic development and growth. With an understanding that public agencies are much more crucial in economic activities. Conversely, in recent time, as the global economy continues to unfold.There are complementary roles public agencies play together in line with making sure that the economy result is positive. Although, each of the agencies have its…

CBN Omission,DMB’s Errant on Cryptocurrency By Adefolarin A. Olamilekan

Emporium Reporters

Humanity will continue to live in appreciation of Information Communication Technology (ICI) as Fourth Revolution.That demarcate us from from,Slavery, Agricultural and Industrial Revolutions respectively. Reason been that,it is one of the great wonders that happened to Mankind. Bringing so much demostrated changes with value additions to life. Fundamentally, ICT has gone beyond just information and telecommunication to varieties of innovation in various aspects has demand by human needs. Chiefly, significant breakthrough in telemedicine,creative engineering,drone aviation and virtual education are attributed to ICT. Not to forget, It role in aiding economy…

Flour Mills of Nigeria gets ISO 27001 certification for Robust Cyber Security Framework

Emporium Reporters

Flour Mills of Nigeria PLC, a leader in the Fast-moving consumer goods (FMCG) recently passed the PECB ISO 27001certification audit for its Information Technology (IT) and cybersecurity framework and policies.   This certification has placed Flour Mills of Nigeria PLC as the foremost Nigerian firm in the FMCG sector to be presented with such a certification. ISO 27001(Information Security Management System) is the most recognized international standards for information security management for any organization globally. It provided clear processes for effective implementation and continuous mitigation to data/security breach for any…

CBN, Inflation and The Poor By Adefolarin A. Olamilekan

Emporium Reporters

In one of my apperance on a national Television station lately. The TV program anchor humorously asked me what is my take on the current state of the ecomy? l responds by saying the economy is not smiling.   He boost into laughter, but agreed with me after my expository on why the economy is not smiling. Without any doubt,the world today is witnessing a retrogressive economic growth crisis that’s is not palatable for the poor.   Especially, with the global inflation trends.That analyst are attributing to the Russian –…

Energy crisis in Nigeria and the attendant economic losses By Aliyu Ilias

Emporium Reporters

Energy plays the most crucial role in economic progress, growth, and development, as well as poverty eradication. Uninterrupted energy supply is not a problem for many countries in Africa except Nigeria which has the dam and gas to produce it but has leaders whose business is to service their pocket at the expense of the Nigeria citizens, present and future economic growth crucially depends on the long-term availability of energy from sources that are affordable, accessible, and environmentally friendly. 2022 energy crisis has surpassed the preceding years of president Muhammad…

Fear grips Nigerians over CBN’s proposed forex stoppage to bank

Emporium Reporters

The mention of foreign exchange in Nigeria has always been one that generates interest. So, it was not surprising that when the Central bank of Nigeria (CBN) announced that it would stop allocation to banks by the end of the year, there was so much talk about it. In this piece, BENJAMIN UMUTEME examines the implications of the apex bank’s proposed action.   The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, recently said to bank chiefs present, including Herbert Wigwe of Access Bank and Segun Agbaje of Guaranty…

CBN and DMBs Unrevealing the Threads of Forex By Adefolarin A. Olamilekan

Emporium Reporters

It no more news that the Nigerian economy cannot be isolated from the perennially prone exogenous and vicissitudes of global economic developments.In this wise both her fiscal and monetary policies are subject to international economy dynamic. Although, it is expected that national economic interests,we mean what has been regarded as ‘economic nationalism’ tenets should guard our decision.   Poignantly, our number one sources of revenue is crude oil,off which we are at the mercy of it international market price flunctuation and if it drop below $50/barrel or any shock due…