Connect with us

Business

Lady Chukwudozie emerges MAN Chairman, reels out 6-point agenda for manufacturing sector

Published

on

Spread the love
Lady Ada Chukwudozie, the new Chairman of Manufacturers Association of Nigeria (MAN), Anambra/Enugu/Ebonyi Branch, says manufacturing sector have great prospect of improving and overcoming its present challenges in the country.
Chukwudozie said this while reeling out her six-point agenda in her acceptance speech after emerging the 11thChairman during the 34th Annual General Meeting (AGM) of MAN Anambra/Enugu/Ebonyi Branch held in Enugu on Thursday.
The AGM was themed: “The Declining Ethical Values and Cultures of the 60’s and 70’s in Today’s Current Clime Causes, Effects and Solutions”.
She said that in recognition of these challenges, her administration would tackle it headlong with a six-point agenda, “which I call MRS MAN agenda”, using the acronym MRS MAN.
The new chairman said: “M stands for Membership  –  Top in my agenda is to create a strong cohesion within members and double our membership base.
“To identify key intervention areas and impact opportunities to be pursued by the association, in a bid to enhance the operational efficiency of its members and ensure that they are able to optimise economies of scale that comes from shared infrastructure and services.
“R stands for Relationship  –  To further strengthen relationships and deepen MAN’s strategic partnership with government and other economic actors and stakeholders nationally and internationally.
“S stands for Structure  –  Build an administrative structure for our branch.
“M stands for Media – To improve the public image, visibility of MAN, its noble objectives and to showcase the various products of its members using the print, electronic and social media.”
According to her, the A, which stands for Alliance, will push MAN to forge partnership with our tertiary institutions, research institutions, independent power generating and distribution companies, local and international organization with shared vision, skill sets and smart technologies.
She said: “These partnerships are geared at cost reduction, improved production and services, equitable risk and opportunity share for our members.
“On N, which stands for Network, MAN will network with all government institutions, agencies, and stakeholders, economic actors on policies that affect members and deploy effective communication tools or channels to explain these government policies, guidance and getting feedback.”
She said that the future of “manufacturing is changing globally”, adding that the “era of mass production of goods is giving way to the new growing days of mass customisation of goods”.
Speaking National President of MAN, Mr Mansur Ahmed, after mentioning some challenges facing manufacturing sector currently, noted that the national body of MAN would adopt the six-point agenda of the new branch Chairman nationally.
Ahmed said that MAN would tackle challenges confronting the manufacturing sector by robust partnership with policy makers especially over local or environmental challenges to manufacturers.
“We must partner and work closely with other stakeholders to ensure local or national policies support the manufacturing sector to create wealth, employment opportunities and national growth.
“Manufacturers must take advantage of 200 million Nigerians and the over 1.3 billion people in the Africa continent as a huge market,” he said.
Earlier, the out gone Chairman of the branch, Mr Anietom Igweobi, congratulated Chukwudozie for her emergence and assured her administration maximum support to succeed.
Igweobi said that he believed that the resilient and doggedness of Chukwudozie would definitely move the branch to greater height; while thanking Nollywood veteran, Pete Edochie, for delivering the theme lecture of the AGM”.

Goodwill messages were received from Sen. Victor Umeh; former Minister of State for Mines and Steel Development, Dr Uche Ogah, Oba Murawa Adedioye, representing the Ooni of Ife, Enugu Electricity Distribution Company (EEDC) and National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) among others.

Business

Dollar to Naira exchange rate today, September 23, 2026

Published

on

Naira rebounds to 1,275/$ at parallel market
Spread the love
The Nigerian naira is trading at different rates against the United States dollar across the official Nigerian Foreign Exchange Market (NFEM) and the parallel market on Wednesday, September 23, 2026.

The latest available data show that the naira strengthened to N1,327.78 per dollar at the NFEM on Tuesday, from N1,329.80 recorded on Monday.

The latest movement represents a N2.02 appreciation by the naira against the dollar on a day-to-day basis.

In the parallel market, the dollar was quoted at about N1,389 on Tuesday, down from N1,390 recorded the previous day.

The parallel-market rate puts the gap between the official NFEM rate and the street-market selling rate at about N61.22 per dollar.

At the parallel market rate of N1,389, customers buying $100 would need approximately N138,900, while $1,000 would cost about N1.389 million.

Maduka College Advert

The exchange rate available to individuals and businesses may vary depending on the dealer, location, transaction size and prevailing market conditions.

The naira’s recent performance has come amid developments in Nigeria’s foreign exchange market, including changes in dollar liquidity and monetary policy.

The Central Bank of Nigeria has continued to monitor conditions in the foreign exchange market as the naira trades around the N1,300-per-dollar level at the official market. Reuters also reported in September that the naira had remained relatively stable, supported by central bank dollar sales and subdued import demand.

For Wednesday, September 23, the latest confirmed figures put the dollar at N1,327.78 at the NFEM and around N1,389 in the parallel market.

The rates could change during the day as demand and supply conditions shift across both markets.

Continue Reading

Business

Enugu Air Launches New Website

Published

on

Spread the love

…moves online services to www.enuguairlines.ng

Enugu Air has announced the launch of its new official website, enuguairlines.ng, as part of efforts to provide passengers and customers with a better, safer and more convenient digital experience.

The airline said the migration to the new website is designed to improve how passengers connect with Enugu Air and access its services online, including flight bookings, schedules and the latest updates.

Announcing the development, the airline said: “We’ve moved! We’re innovating! We’ve migrated to a better, safer and convenient website to connect you to the world.”

Passengers can now access Enugu Air’s online services through its new web address, enuguairlines.ng, which the airline described as its new digital home.

The airline urged passengers and prospective travellers to save the new web address and use it for flight bookings, checking schedules and obtaining the latest information about its operations.

Maduka College Advert

“Same Enugu Air. New web address,” the airline stated, emphasising that the change represents an improvement in its digital platform while retaining the Enugu Air brand and services.

The airline further encouraged customers to visit, www.enuguairlines.ng for all flight-related information and online services.

It further stated that the old website, enuguairlines•com has been discarded and no longer in use.

Continue Reading

Business

Nigeria records 8.51m terabytes of data use in first half of 2026

Published

on

Nigerian Communications Commission
Spread the love

Nigerians consumed a record 8.51 million terabytes of data in the first half of 2026, underscoring the country’s accelerating shift toward a digital-first economy.

Data from the Nigerian Communications Commission (NCC) confirmed this. Specifically, in January, consumption was 1.385 million terabytes; February, 1.260 million terabytes and March, 1.422 million terabytes.

In April, consumption was 1.414 million terabytes. It climbed to 1.504 million terabytes in May and 1.532 million terabytes in June.

In 2025 alone, Nigerians consumed over 13.2 million terabytes of data, a 35 per cent increase from 2024, reflecting how connectivity has become essential for daily life.

The surge in consumption was driven largely by the twin giants of the telecom sector, MTN Nigeria and Airtel Nigeria, whose half-year reports revealed data services have firmly overtaken voice as the primary revenue stream.

Maduka College Advert

According to industry figures, average monthly data usage per subscriber rose sharply, reflecting the growing reliance on mobile broadband for work, entertainment, and commerce.

Streaming platforms, social media, fintech apps, and remote work tools have all contributed to the spike in demand.

MTN Nigeria reported that its 55.7 million active data subscribers consumed an average of 14.8 gigabytes per month, representing a 15.2 per cent increase year-on-year. Overall, MTN’s data traffic surged by 25.8 per cent across its network in the period.

This translated into a massive N1.70 trillion in data revenue, a 38.4 per cent jump compared to the same period in 2025. Data now accounts for more than half of MTN’s total service revenue, dwarfing its voice earnings of N993.5 billion, which grew at a modest 12 per cent.

Airtel Nigeria also posted strong numbers, recording N691 billion in data revenue ($507 million). While Airtel’s voice services contributed to a combined N1.42 trillion in voice earnings alongside MTN, the clear trend is that data has become the dominant driver of growth.

Together, MTN and Airtel generated N2.4 trillion from data services in H1 2026, cementing their role as the backbone of Nigeria’s digital economy.

MTN invested N620.5 billion in capital expenditure during the period, focusing on expanding 4G coverage, scaling 5G rollout, and strengthening fibre infrastructure. The company’s aggressive push into next-generation networks is aimed at meeting the surging demand for high-speed connectivity.

Airtel, meanwhile, faced challenges with fibre cuts and vandalism, forcing reinvestments to stabilize its network. The operator is blending 5G expansion with satellite partnerships to extend coverage into rural and semi-urban areas, where demand for reliable Internet is rising.

Despite these investments, many consumers continue to express dissatisfaction with service quality. Complaints of slow speeds, unstable connections, and high costs remain widespread, highlighting the gap between consumption growth and infrastructure capacity.

The NCC has repeatedly urged operators to deepen investments in fibre, towers, and spectrum to sustain the country’s digital transformation. Analysts note that the sector is undergoing a structural shift from voice-first to data-led growth, with internet connectivity now central to economic activity.

Industry experts predict that Nigeria’s data consumption will continue to rise exponentially as smartphone penetration increases and more services migrate online. The rollout of 5G is expected to further accelerate usage, enabling innovations in fintech, e-commerce, healthtech, and entertainment.

The consumption of 8.51 million terabytes in H1 2026 marks a historic high for Nigeria’s telecom industry. It reflects not only the appetite of a digitally hungry population but also the broader transformation of the economy.

With MTN and Airtel leading the charge, the challenge now lies in improving service quality, expanding infrastructure, and ensuring affordable access for millions of Nigerians. As data becomes the lifeblood of communication and commerce, the telecom sector’s ability to keep pace with demand will determine how effectively Nigeria harnesses the opportunities of the digital age.

Continue Reading

Trending

Maduka College Advert