Business
Eco-friendly Industrial Park To Takeoff in Lagos
The federal government has conclude arrangements for the establishment of the first zero fossil energy emission-free trade zone in the country.
The industrial park being located at the Imoore, Amuwo-Odofin area of Lagos, would sit on 115,503 hectares of land.
The Managing Director of the Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, disclosed this during the handing over ceremony of the park’s license, to the Managing Director/CEO of the Zone, Anita Omoile.
He said that the park is being developed in line with the federal government’s policy on promoting a green environment.
He said that after the completion of the project it will positions Nigeria as the leading continental hub for regional eco-friendly industrial activities and logistics services with free trade zone status.
” The new dispensation will still witness active manufacturing activities without the usual emission of destructive carbon energy into our space,” he said.
He added that the park is a manufacturing space that would promote food processing, textile and garment production, renewable energy and electric cars as well as research and development services with over 50 international enterprises ready to move to the site in earnest.
Anita Omoile, said that the industrial park would generate over 10,000 jobs and inject an estimated $100 million annually into the economy.
Omoile expressed satisfaction with the seamless and speedy manner the approval was given, adding that the authority had taken the ‘ease of doing business’ policy of the government to a new effective level.
“Our partners across the globe are enthused with the development and this shows that the country is beginning to create the right business environment to attract the needed Foreign Direct Investments,’’ Omoile said.
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.
FIFA World Cup Day 2: Canada holds 1-1 Bosnia-Herzegovina
Democracy Still Struggling 33 Years After June 12, PDP Laments by Comrade Ini Ememobong
JUNE 12: President Bola Ahmed Tinubu’s Democracy Day Address (Full Speech)
Tech Expert, Zuckerberg trains with UFC champions, Adesanya, Alexander
Organ Trafficking: Ekweremadu bags 10 years in UK prison
SAINT OBI: Between his marriage and his death
-
Business3 days agoUBA wins 2026 ‘Banker Technology’ award for AI innovation
-
Business2 days agoExchange Rates Thursday,11June 2026
-
Sports3 days agoOlympic qualifier: Comoros to face Super Falcons following 30-0 victory over Sudan
-
News2 days agoJUST IN: Nigerians evacuated from South Africa arrives Lagos
-
Business3 days agoInvest in Lagos 3.0 Summit Attracts more than 600 delegates
-
Politics3 days agoBamidele tasks 11th Senate to consider single term for President, govs
-
Health3 days agoEbola: President Tinubu approves N10bn to strengthen NCDC preparedness
-
Business2 days agoKingsley Moghalu chairs Bluecode Africa subsidiary in Nigeria