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FCCPC Approach Suggests Targeted, Predatory Investigations against Foreign and Big Companies

ThinkBusiness Africa Today - August 9th

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Headlines

FCCPC Approach Suggests Targeted, Predatory Investigations against Foreign and Big Companies - Following the recent press releases by the Federal Competition and Consumer Protection Commission (FCCPC), especially the fines of US $200 million against WhatsApp and its parent company Meta, and the report on Coca-Cola and Nigerian Bottling Company regarding product labelling, this analysis provides context, background, and asks whether FCCPC is… Read more

ESRI User Conference 2024 Comes to Abuja - Get ready for a boost in West Africa’s use of Geographic Information Systems (GIS)! The ESRI User Conference, hosted by Sambus Geospatial, is coming to Abuja, Nigeria on September 10th-11th, 2024. This event unites professionals, academics, and industry leaders for learning and networking. (Register here:https://africabusinessconvention.com/event/esri-user-conference-west-africa-2024/)

The conference focuses on how GIS can help solve problems from building infrastructure to protecting the environment. ESRI, a leader in GIS software, will showcase their ArcGIS platform. Attendees will see advanced mapping tools, and real-world GIS applications, and hear from experts.

Collaboration is a big focus! Special networking sessions aim to build partnerships and share knowledge, strengthening West Africa’s GIS community.

The timing is perfect. New technologies like high-resolution satellite images, GPS smartphones, and open-source software make GIS more accessible and powerful.

By bringing people together, showing new developments, and encouraging teamwork, this conference positions West Africa to use GIS for a brighter future. Don’t miss this chance to be part of it! Read more

Manufacturers Suffer N1.5 Trillion Loss from Forex in Six Months. The Nigerian manufacturing sector is on the brink of collapse due to the Central Bank of Nigeria's (CBN) failure to fulfil its financial obligations. The apex bank's decision to renege on $2.4 billion worth of forward contracts has inflicted a devastating N1.5 trillion loss on manufacturers in just six months. This breach of trust has far-reaching consequences. Manufacturers, vital to the nation's economy, are now grappling with exorbitant production costs, supply chain disruptions, and mass job losses. The CBN's actions have undermined investor confidence and created a climate of uncertainty. Unless urgent steps are taken to rectify the situation, the ripple effects could be catastrophic for the entire economy.

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