First Bank of Nigeria appointed Olusegun Alebiosu as its sixth managing director /CEO

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First Bank of Nigeria appointed Olusegun Alebiosu as its sixth managing director /CEO - Two months ago, Nigeria's oldest lender, First Bank of Nigeria appointed Olusegun Alebiosu as its sixth managing director /CEO in this century. In this analysis, Proshare X-rays what the Risk background of the new CEO means for the Bank. The analysis projects the future and outlook for the bank by piecing together the thread of the bank's leadership this century. Read More

President Tinubu is tying Cardoso’s hands over macroeconomic stability - On Wednesday 31^st of July, as many Nigerians were making plans either to be part of the nationwide protests scheduled for the next day or watch proceedings online, the National Assembly hurriedly amended the Central Bank of Nigeria Act 2007. The lawmakers passed a bill to amend Section 38 of the CBN Act, raising the allowance for federal government borrowings from the Central Bank of Nigeria to 10%, from the previous threshold of 5%. Read more

Former Nigerian Senate President to Speak at ESRI User Conference West Africa 2024 - The ESRI User Conference West Africa 2024, the first of its kind in the region, is set to take place from September 10-11 in Abuja, Nigeria. The conference will feature a keynote address by the distinguished Senator Ahmad Ibrahim Lawan GCON, the former President of the Nigerian Senate.

To register for the Esri User Conference West Africa 2024, please click the link: https://africabusinessconvention.com/event/esri-user-conference-west-africa-2024/

Senator Lawan, who represented the Yobe North Senatorial District, is an expert in Remote Sensing and GIS. He completed his master's degree in Remote Sensing from Ahmadu Bello University and earned a Doctorate in Remote Sensing/GIS from Cranfield University. As a leading authority in geospatial technologies, Senator Lawan's keynote will highlight the growing significance of GIS in driving innovation across critical sectors in West Africa, such as infrastructure, environment, disaster response, and urban planning. The conference aims to bring together GIS professionals, academics, and industry leaders from across the region. Attendees will have the opportunity to gain hands-on experience with the latest ArcGIS software, learn from subject matter experts, and network to foster partnerships and share best practices. With increased access to satellite imagery, GPS devices, and open-source software like QGIS, GIS data is transforming the way West African nations address pressing challenges and shape a better future. The ESRI User Conference West Africa 2024 will serve as a launchpad for this exciting new chapter, empowering participants to leverage the power of geospatial information for positive change. The conference will take place at the NAF Conference Centre in Abuja, Nigeria. Don't miss this opportunity to be a part of this ground-breaking event in the region. Read more

Nigeria's Revenue Hits N9.1 Trillion in First Half of 2024 - In a remarkable economic feat, Nigerian President Bola Tinubu has announced that the country's revenue has more than doubled in the first six months of 2024, reaching a staggering N9.1 trillion. Addressing the nation, President Tinubu credited this significant revenue growth to his administration's efforts in blocking leakages and introducing automation, as well as their ability to mobilize funding creatively without burdening the people. "Aggregate government revenues have more than doubled, hitting over 9.1 trillion Naira in the first half of 2024 compared to the same period in 2023," Tinubu stated. The President also highlighted the gradual increase in productivity in the non-oil sector, which has reached new levels and is taking advantage of the current economic environment. Furthermore, Tinubu noted that his administration has managed to reduce the country's debt service burden from 97% to 68% of revenue in the last 13 months, while also clearing outstanding foreign exchange obligations of about $5 billion. This remarkable revenue growth is a testament to the government's commitment to effective resource management and fiscal discipline, paving the way for further development and prosperity in Nigeria.

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