Business
FG Launches Data Centre For Stock Exchange
The Minister of Science and Technology, Dr Ogbonnaya Onu, last Monday in Lagos inaugurated a N500 million Tier three Data Centre to support the activities of the Nigeria Stock Exchange (NSE).
He said that the centre had the potential to help the NSE compete favourably with some of ‘best exchanges’ in the world, if performed well.
He said that the government’s effort had always geared towards ensuring that the country stopped growing the economy in a particular direction, particularly from being a mono commodity-based.
The minister also said that the particular direction had made the nation to feel the effect of the changes in the oil market but assured that the government was ready to change from that direction.
According to him, there are collaborations with relevant establishments that can contribute to the success of the centre.
Ogbonnaya said that the government had engaged in relationships and interactions with research institutes through the Federal Ministry of Science and Technology to come up with researches that were market-driven to create more jobs and wealth.
He said the centre was necessary because of the relevance of the stock exchange to the development of the economy.
The minister urged the NSE to consider listing of more Small and Medium-Scale Enterprises (SMEs) as agents of growth in any economy.
The Chief Executive Officer of the NSE, Mr Oscar Onyema said that the centre would be helped to reduce the level of redundancy in terms of power supply and cooling of water to support bourse’s activities.
Onyema said that the centre would help the eco-system that would want to co-locate with the hosting services to the exchange.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
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