Business Archives – Page 22 of 258 – The Morning Star News

AI: Abodunrin urges behavioural economics prioritisation for inclusive growth

TheMorning Star7 months ago7 months ago04 mins

Africa AI transformations coach and thought leader, Adeoye Abodunrin, has urged African governments, policymakers and institutions to deliberately integrate behavioural economics insights into AI strategies, warning that technology-driven reforms without human-centred design risked deepening inequality across the continent. Speaking to reporters during a media briefing in Lagos, Abodunrin stressed that Africa’s artificial intelligence (AI) future…

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Schneider Electric to become energy tech partner of McLaren Racing

TheMorning Star7 months ago7 months ago02 mins

McLaren Racing and Schneider Electric have announced a partnership designed to promote technology innovation that reflect the two organisations’ shared commitment to innovation and energy efficiency. Based on partnership, Schneider Electric will become the Official Energy Technology Partner of McLaren Racing, including the McLaren Mastercard Formula 1 Team, the Arrow McLaren IndyCar Team, McLaren F1…

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Nigeria targets ₦5.06tr yearly savings from defence import cuts

TheMorning Star7 months ago7 months ago03 mins

The Nigerian government said it will save about ₦5.06 trillion annually from cutting down on the importation of defence equipment. Minister of State for Defence, Bello Mohamed Matawalle, disclosed this while unveiling “X-Shield Light Tactical Armoured Vehicle” produced by X-Shield, a defence and security solutions provider, in Abuja. Mattawale also hinted at Federal Government plans…

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Nigeria banks on NNPC’s Abuja IPP to meet 8,500Mw target

TheMorning Star7 months ago7 months ago01 mins

The Nigerian government is banking on ongoing 350 megawatt (Mw) NNPC’s Abuja Gas Independent Power Project (IPP) to achieving the national target of 8,500Mw grid generation capacity this year. Nigerian Independent System Operator (NISO) has described the project as a vital step to boosting power supply. Managing Director/Chief Executive Officer of NISO, Engr. Abdu Bello,…

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NDPC generates over N5.2b revenue, creates 23,000 jobs

TheMorning Star7 months ago7 months ago04 mins

The Nigeria Data Protection Commission (NDPC) on Thursday said despite its not being an exclusively revenue generating agency of the Federal Government, it has generated over N5.2billion into the coffers of the Federal Government while it has also created some 23,000 new jobs to ease the unemployment challenge in the country. Its National Commissioner/CEO, Dr…

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Okra Solar, InfraCredit to power 25,000 rural Nigerians

TheMorning Star7 months ago7 months ago03 mins

Okra Solar and InfraCredit have sealed debt financing deal of a mesh-grid project under InfraCredit’s Climate Finance Blending Facility (CFBF). The deal targets no fewer than 25,000 rural Nigerians not connected to the national grid. The world’s largest energy access program Distributed Access through Renewable Energy Scale-up (DARES) provides $750million in grants to renewable energy…

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Technology

MoMo PSB deepens African cross-border transfers

TheMorning Star7 months ago7 months ago02 mins

MoMo Payment Service Bank (MoMo PSB), the financial subsidiary of MTN Nigeria, has expanded its cross-border transfer service, extending outbound coverage to additional African markets (including Kenya and South Sudan), while also deepening inbound remittance capabilities from the United Kingdom, United States, Canada, and Europe. With the latest expansion, MoMo PSB customers in Nigeria can…

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Shippers’ Council Governing Board inaugurated

TheMorning Star7 months ago7 months ago03 mins

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has inaugurated the Governing Board of the Nigerian Shippers’ Council. The ceremony was held at the Minister’s Conference Room at the Ministry in Abuja. In his address at the event, Oyetola described the inauguration as a significant milestone in strengthening institutional governance and accountability within Nigeria’s…

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ANOH project lands first gas

TheMorning Star7 months ago7 months ago03 mins

Seplat Energy Plc has announced the achievement of first gas from its 300 million standard cubic feet per day (MMscfd) ANOH gas project, marking a major milestone in Nigeria’s gas development drive. The milestone follows the completion of the 11-kilometre Indorama gas export pipeline and the receipt of regulatory approval from the Nigerian Upstream Petroleum…

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