Business
Stakeholders Relaunch “NIMAREX” Africa’s Biggest Maritime Event
The Federal Government has also been advised to ensure implementation of decisions taken at NIMAREX 2024.
Stakeholders in the Nigerian Maritime industry have brought back their annual conference and exhibition, called Nigeria Maritime Expo Annual International Exhibition and Conference (NIMAREX) .
During the event held on Wednesday at the Radisson Blu Hotel in Lagos, the President , Nigeria Ship Owners Association of Nigeria and converner of Nimarex 2024 , Otunba Sola Adewunmi called for the government /private partnership , synergy and collaboration of all stakeholders to bring back NIMAREX which he described as Africa’s biggest maritime event.
“As we embark on this new chapter, it is crucial that we all recognise NIMAREX as our event — a true umbrella that brings together all maritime associations, fostering unity and cooperation across the entire industry.
This is not just an event . It is an event for every stakeholder in the maritime sector; together, we can make NIMAREX a rallying point where our shared interests are promoted, our challenges are addressed, and our future is shaped .
The Chairman, Ports Consultative Forum, Bolaji Sunmola also urge stakeholders at the meeting to ensure that 2024 Edition of NIMAREX gets the attention and commitment of all stakeholders and is inline with the key objectives of President Tinubu’s Administration on the creation of Marine and Blue Economy Ministry.
Other Participants at the inaugural meeting want NIMAREX 2024 to be a great opportunity to provide a viable structure and framework that will promote business and engineer development in the industry.
Participants at the inaugural meeting called for the set up of various committees amongst stakeholders to organise and ensure the success of the conference .
The Federal Government has also been advised to ensure implementation of decisions taken at NIMAREX 2024.
Effective implementation of decisions taken at NIMAREX stakeholders believe would ensure foreign and local networking, ensure foreign Direct investments and fast track development in the maritime sector.
The inaugural meeting of NIMAREX 2024 was attended by representatives of Ship Owners Association, National inland waterways Authority, Nigeria customs service, Nigeria Shippers council Nigeria ports consultative council, Representatives from the media, seafarers, Nigeria chamber of shipping, Nigeria Association of Master Mariners, Women in maritime of West and Central Africa, Association of Nigeria licensed customs Agents , chartered institute of logistics and Transport and other stakeholders in the maritime industry .
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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