Business
Key Highlights of the NME & NIRAM Expo, 2023 Deal Flow
▪︎MAN President, Otunba Francis Meshioye visit an exhibition stand at MANEXPO recently (File photo).
” Whether you are an investor, seeking promising ventures, a manufacturer looking to expand your horizons, or an industry professional seeking valuable insights, the Nigeria Manufacturing and Equipment Expo (NME Expo) & the Nigeria Raw Materials Exposition (NIRAM Expo) promises to be a fertile ground for deal flow and collaborations.”
Segun Ajayi-Kadir, the Director-General of Manufacturers Association of Nigeria- MAN, said in a statement five days to the exhibition holding at the Convention Centre, Federal Palace Hotel, in Lagos, Nigeria, from 21st – 23rd November 2023.
He said that manufacturers, investors, industry leaders and stakeholders from across the continent will converge at this prestigious event to explore and harness the potential of the manufacturing sector.
This year’s edition with the theme ‘Future Manufacturing: Building a Sustainable Roadmap to the Industrialization of Nigeria” emphasis on “Deal Flow” as being the key to Manufacturing and industry growth” as the central focus, aiming to facilitate meaningful partnerships, investments, trade opportunities and collaborations that drive innovation and growth.
Key Highlights of the NME & NIRAM Expo, 2023 Deal Flow
Focus:
● Investor Meet-ups: The event will host exclusive sessions where investors can connect with promising manufacturing enterprises looking to expand, innovate, or secure funding;
● B2B Connect: A dedicated platform will enable participants to pre-schedule meetings with potential partners, ensuring valuable face-to-face interactions;
● Industry Insights: Renowned manufacturing experts and leaders of thought will share insights on emerging manufacturing trends, investment strategies and market opportunities;
● Exhibition Zone: The exhibition area will feature a curated selection of cutting-edge manufacturing technologies, solutions and investment-ready projects; and
● Networking Opportunities: Participants will engage in high-level networking with industry players, government officials and representatives from international trade missions.
The Expo shall be a catalyst to facilitate deal flow which creates a significant opportunity for manufacturing companies to learn, meet new potential clients, engage with one another to find out how to deal with manufacturing challenges and ultimately grow their manufacturing businesses.
In addition, the event further supports the development of Intra-Africa trade with many African countries being represented.
Bunmi Aliyu, Managing Director, Leoht Africa, added that the potential impact of the event would be felt for many more months after, as manufacturing companies further unpack the leads and contacts they would derive from the event, thus creating potential opportunities for engagements and business interactions.
Business
Exchange Rates Today Friday, 12 June
Black Market Rates
US Dollar (USD) ₦1,397
Great British Pound (GBP) ₦1,850
Official CBN Exchange Rates
US Dollar (USD) ₦1,363. 83
Great British Pound (GBP) ₦1,821. 25
EURO (EUR) ₦1,572. 90
SWISS FRANC (CHF) ₦1,706. 49
JAPANESE YEN (JPN) ₦8.50
CHINESE YUAN (CNY) ₦201.20
West African CFA (XOF) ₦2.40
West African Unit Account (WAUA) ₦1,857. 45
SAUDI RIYAL (SAR) ₦363. 29
SOUTH AFRICAN RAND (ZAR) ₦82.61
Black Market Rates
US Dollar (USD) Buy ₦1,397 Sell ₦1,405
Great British Pound (GBP) Buy ₦1,850 Sell: ₦1,870
EURO (EUR) Buy ₦1,587 Sell ₦1, 607
Canadian Dollar (CAD) Buy ₦1,030 Sell ₦1,100
South African Rand (ZAR) Buy ₦75 Sell ₦90
UAE Dirham Buy ₦350 Sell ₦370
Chinese Yuan Buy ₦180 Sell ₦200
Ghana Cedi (GHS) Buy ₦95 Sell ₦110
West African CFA Buy ₦2, 380 Sell ₦2, 460
Central African CFA Buy ₦2, 220 Sell 2,300
Australian Dollar Buy ₦800 Sell ₦900
Business
Airtel launches data calculator to counter depletion complaints
Commenting on the significance of the launch, Dinesh Balsingh, Chief Executive Officer, Airtel Nigeria, said that the company remains focused on building a network and customer experience ecosystem anchored on trust, transparency and continuous improvement.
Airtel Nigeria has launched the Airtel Web Data Calculator, a new digital tool designed to help customers estimate and better understand their internet data consumption based on real-life usage patterns.
Available through Airtel’s website, the calculator enables customers to estimate data usage across common digital activities such as video streaming, social media engagement, voice and video calls, and everyday web browsing.
Speaking on the launch, Oladokun Oye, Customer Experience Director, Airtel Nigeria, said that the initiative reflects Airtel’s commitment to customer empowerment and service transparency.
“As Nigerians become increasingly dependent on digital services for work, education, entertainment and communication, it is important that customers have clear visibility into how their data is consumed.
The Airtel Web Data Calculator was developed to help our customers understand their usage patterns better, make informed choices, and enjoy greater confidence in their digital experience,” he said.
Commenting on the significance of the launch, Dinesh Balsingh, Chief Executive Officer, Airtel Nigeria, said the company remains focused on building a network and customer experience ecosystem anchored on trust, transparency and continuous improvement.
“The future of telecommunications will be defined not only by network investments but also by how effectively operators help customers understand and manage their digital lives. The Airtel Web Data Calculator represents a practical innovation that places more information and control directly in the hands of our customers.” He said.
Business
Kingsley Moghalu chairs Bluecode Africa subsidiary in Nigeria
Moghalu served as Deputy Governor of the Central Bank of Nigeria from 2009 to 2014, heading the Financial System Stability and Operations Directorates at different periods.
Bluecode Africa, the European payments infrastructure operator backed by leading US and European institutional investors, has named Prof Kingsley Chiedu Moghalu as Chairman of the Advisory Board of its Nigerian subsidiary, Bluecode Payments Nigeria Limited as the company formally enters the Nigerian market.
The appointment was jointly announced by Chris Pirkner, Founder of Bluecode, and Odin Krismayr, Managing Director of Bluecode Africa, who described it as a foundational governance decision for the company’s Nigerian and continental operations.
Moghalu served as Deputy Governor of the Central Bank of Nigeria from 2009 to 2014, heading the Financial System Stability and Operations Directorates at different periods.
He led the team that introduced the unique-identifier Bank Verification Number (BVN), enrolling 50 million banking users, simplifying Know Your Customer (KYC) procedures, and doubled Nigeria’s financial inclusion rate from 33 to 60 per cent.
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