Business
MAN President Calls For More CNG, LNG Vehicles on Nigerian Roads
President of the Manufacturers Association of Nigeria (MAN), Otunba Francis Meshioye, says “It’s high time liquefied natural gas (LNG) and compressed natural gas (CNG) powered vehicles plied Nigerian roads because of their environmental friendliness and sustainability
Otunba Meshioye made the call when he unveiled new sets of natural gas-powered trucks, buses and cars manufactured locally by Innoson Vehicle Manufacturing, at the IVM factory in Nnewi, Anambra State.
The President of MAN said the new vehicles represent great advancement in the manufacturing industry and indeed the pride of Nigeria and Africa.
“It’s a great thing to see what we witness in other parts of the world in our own home.
I encourage the Nigerian government and individuals to patronize Innoson Vehicles as that’s a sure way of partnering with the greatness we saw here today.”
The founder of Innoson Vehicles, Chief Innocent Chukwuma, said the CNG vehicles are an idea whose time has come.
He said the newly launched vehicles were produced to enhance transportation at a reduced cost, recalling how BOI had been instrumental to the creation of his industries and boosting his entrepreneurial capacity.
He described the new cars as quality vehicles powered by CNG/LNG and produced as a sustainable alternative to diesel.
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.
-
Crime2 days agoBandits Kill 19 Farmers, Injure 12 Others in Fresh Attack in Zamfara
-
Crime2 days agoBREAKING: Retired General Dies in Kidnappers’ Captivity, Demand Release of Gang Members
-
Opinions3 days agoDemocracy Still Struggling 33 Years After June 12, PDP Laments by Comrade Ini Ememobong
-
Sports2 days agoBalogun: This is something I dreamed of for a long time
-
Sports4 hours agoWorld Cup: Sweden beats Tunisia 5-1
-
Sports2 days agoFIFA World Cup 2026 Day 3: Qatar draws Switzerland 1: 1
-
Sports2 days agoFIFA World Cup Day 2: Canada holds 1-1 Bosnia-Herzegovina
-
International4 hours agoUS and Iran to sign historic peace deal June 19 in Switzerland
