
ASBIS All Set to Unlock Opportunities at GITEX Nigeria 2025
GITEX Nigeria is set to become the premier platform for showcasing Nigeria's dynamic tech ecosystem, and ASBIS will be at the forefront, presenting an impressive selection of products from leading global vendors. The exact lineup of showcased products is currently being finalized, ensuring a comprehensive display of the latest advancements in technology.
To connect with ASBIS at GITEX Nigeria, visit us at Booth D40. We invite you to fill out our appointment form to schedule a meeting with our ASBIS ME team and explore the potential prospects that await in this vibrant market.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Khaleej Times
11 minutes ago
- Khaleej Times
US President Trump orders firing of labour official over 'rigged' jobs data
President Donald Trump said Friday (August 1) he has ordered the firing of a key economic official, accusing her of manipulating employment data for political reasons after a new report showed cracks in the US jobs market. US job growth missed expectations in July, Labor Department data showed, and revisions to hiring figures in recent months brought them to the weakest levels since the Covid-19 pandemic. Without providing evidence, Trump lashed out at the department's commissioner of labor statistics, writing on social media that the jobs numbers "were RIGGED in order to make the Republicans, and ME, look bad." In a separate post on his Truth Social platform, he charged that Commissioner Erika McEntarfer had "faked" jobs data to boost Democrats' chances of victory in the recent presidential election. "McEntarfer said there were only 73,000 Jobs added (a shock!) but, more importantly, that a major mistake was made by them, 258,000 Jobs downward, in the prior two months," Trump said, referring to latest data for July. "Similar things happened in the first part of the year, always to the negative," Trump said, insisting that the world's biggest economy was "booming" under his leadership. He later told reporters "we need people that we can trust," accusing the economic official of inflating hiring figures under former president Joe Biden's administration. 'Dangerous precedent' The US added 73,000 jobs last month, while the unemployment rate rose to 4.2 percent from 4.1 per cent, said the Department of Labour earlier Friday. Hiring numbers for May were revised down from 144,000 to 19,000. The figure for June was shifted from 147,000 to 14,000. This was notably lower than job creation levels in recent years. During the pandemic, the economy lost jobs. The employment data points to challenges in the key labor market as companies took a cautious approach in hiring and investment while grappling with Trump's sweeping — and rapidly changing — tariffs this year. The numbers also pile pressure on the central bank as it mulls the best time to cut interest rates. With tariff levels climbing since the start of the year, both on imports from various countries and on sector-specific products such as steel, aluminum and autos, many firms have faced higher business costs. Some are now passing them along to consumers. William Beach, who previously held McEntarfer post at the Bureau of Labor Statistics, warned that her firing "sets a dangerous precedent and undermines the statistical mission of the Bureau." The National Association for Business Economics (NABE) condemned her dismissal, saying large revisions in jobs numbers "reflect not manipulation, but rather the dwindling resources afforded to statistical agencies." "Firing the head of a key government agency because you don't like the numbers they report, which come from surveys using long established procedures, is what happens in authoritarian countries, not democratic ones," slammed Larry Summers, former US Treasury secretary under Democratic president Bill Clinton. 'Gamechanger' Heather Long, chief economist at the Navy Federal Credit Union, said Friday's jobs report was a "gamechanger." "The labor market is deteriorating quickly," said Long, noting that of the growth in July, "75 per cent of those jobs were in one sector: health care." "The economy needs certainty soon on tariffs," Long said. "The longer this tariff whiplash lasts, the more likely this weak hiring environment turns into layoffs." It remains unclear when the dust will settle, with Trump ordering the reimposition of steeper tariffs on scores of economies late Thursday, which are set to take effect in a week. A sharp weakening in the labor market could push the Federal Reserve toward slashing interest rates sooner to shore up the economy. On Friday, the two Fed officials who voted this week against the central bank's decision to keep rates unchanged warned that standing pat risks further damaging the economy. Both Fed Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller argued that the inflationary effects of tariffs were temporary. They added in separate statements that the bank should focus on fortifying the economy to avert further weakening in the labor market. Putting off an interest rate cut "could result in a deterioration in the labor market and a further slowing in economic growth," Bowman said.


The National
14 hours ago
- The National
Trump attacks Fed Chair Powell as danger signs flash in US jobs market
President Donald Trump on Friday attacked Fed Chair Jerome Powell as a new US jobs report put employment growth at a much lower level than expected. The Labour Department's employment report for July showed employers added just 73,000 jobs, and revisions for May and June suggest hiring was weaker in those two months that initially thought. Mr Trump's renewed his attack on Mr Powell, calling him a 'stubborn moron' after the Fed on Wednesday paused the cutting of interest rates. 'Too Little, Too Late. Jerome 'Too Late Powell is a disaster. DROP THE RATE! The good news is that Tariffs are bringing Billions of Dollars into the USA!' Mr Trump wrote on Truth Social. He also urged the Federal Reserve board to assume control if Mr Powell continues to refuse to lower interest rates. Economists polled by Reuters had thought July's jobs number would be 110,000. The unemployment rate ticked up to 4.2 per cent. The dollar weakened and the stock market slumped, with the Nasdaq down more than 2 per cent in early trading. Brian Jacobsen, chief economist at Annex Wealth Management, said Mr Powell might have lowered interest rates on Wednesday if he 'knew then what he knows now'. 'There's no way to pretty-up this report. Previous months were revised significantly lower where the labour market has been on stall-speed,' he said, predicting a rate cut at the next Fed meeting. The unexpectedly weak report raises questions about the health of the job market and the economy amid Mr Trump's radical efforts to reshape US trade policy. Late on Thursday, he unveiled hefty tariffs on imports from across the globe. 'President Trump is using tariffs as a necessary and powerful tool to put America first after many years of unsustainable trade deficits that threaten our economy and national security,' the White House said. Also weighing on the economy is an anticipated drop in foreign workers as Mr Trump pushes ahead with efforts to deport immigrants who do not have authorisation, although he has suggested farmers and hoteliers might be spared wholesale round-ups of their staff.


Zawya
17 hours ago
- Zawya
Nigeria: Shippers Council prevents repatriation of $33mln questionable Forex claims at seaports
The Executive Secretary/CEO of the Nigerian Shippers' Council (NSC), Dr. Akutah Pius Ukeyima, on Thursday reiterated the pivotal role of shipping and maritime trade in Nigeria's economic growth and diversification strategy, emphasising the need to shift from oil dependency to harnessing the country's vast maritime potential. Speaking in Lagos on Thursday at the 26th Annual General Meeting and Post AGM-Talk of the International Chamber of Commerce (ICC) Nigeria, Dr. Akutah who was represented by the Director, Trade Services of the agency, Ms. Adaora Nwonu, stated that in 2024 alone, the Council helped prevent the repatriation of about N52 billion in questionable foreign exchange claims through its Economic Regulatory Portal (ERP), thus strengthening the national economy and promoting cost predictability. According to the NSC Boss, 'The theme of today's gathering, 'Shipping and Maritime Trade: The Backbone of International Trade,' is not only apt, but pertinent as it underscores the vital role maritime trade plays in facilitating global commerce and sustaining economic growth across nations. 'According to the United Nations Conference on Trade and Development (UNCTAD), more than 80 per cent of global trade by volume moves by sea. For Nigeria, with our vast coastline and maritime potential, shipping is not just a trade tool, it is a national development platform.' Dr. Akutah added that over 11.1 billion metric tonnes of goods were shipped globally in 2023, emphasising the sector's influence on job creation, industrial zones, and ease of doing business. He commended the Federal Government for creating the Ministry of Marine and Blue Economy, with a vision to unlock ocean-based resources and position shipping as a non-oil growth driver. 'Modern ports are the new factories,' Dr. Akutah declared, underlining the importance of port modernisation, inland connectivity, and digital innovation. He also said that the NSC's achievements include the prevention of ₦52 billion in questionable forex claims, the resolution of over ₦2 billion in cargo disputes, and the promotion of inland dry ports to expand trade access. 'We are championing reforms that reduce delays, eliminate inefficiencies, and simplify processes. Key interventions include leading the National Single Window (NSW) implementation; Monitoring port performance; Driving process harmonisation through the Nigerian Ports Process Manual (NPPM); and collaborating with other MDAs to entrench Standard 'The Council evaluates freight rates, terminal charges, and demurrage claims to ensure economic reasonableness. In 2024 alone, we helped prevent the repatriation of about N52 billion in questionable foreign exchange claims through our Economic Regulatory Portal (ERP), thus strengthening the national economy and promoting cost predictability. 'Our Alternative Dispute Resolution (ADR) mechanism provides a transparent, time-efficient, and non-adversarial platform to resolve complaints between port users and service providers. 'In 2024, our intervention led to the recovery of over N2 billion for shippers and cargo owners,' Dr. Akutah added. On regional trade, he noted that maritime infrastructure is key to realising the promise of the African Continental Free Trade Area (AfCFTA). 'Intra-African trade currently accounts for less than 18 per cent of the continent's total trade. However, the implementation of the African Continental Free Trade Area (AfCFTA), with a market size of 1.4 billion people and a combined GDP of $3.4 trillion, is poised to change that and maritime transport will be the lifeline of AfCFTA's success. 'Nigeria must position itself as the regional hub for transshipment, logistics, and trade facilitation. To do this, we must: Modernise our ports and customs processes; Promote multimodal connectivity from seaports to industrial clusters and border posts; Harmonise tariffs and documentation with neighbouring economies; and Reduce barriers that hinder our exports and transit traffic. 'The Nigerian Shippers' Council is actively supporting these objectives through: Advocacy for seamless cargo corridors; Facilitation of stakeholder compliance with regional trade rules; and promotion of trade infrastructure that benefits landlocked countries and regional trade.' Dr. Akutah concluded by calling on the ICC Nigeria and stakeholders to join forces in building a globally competitive shipping sector, describing the Council's approach to regulation as one of empowerment, transparency, and protection. 'Let us build a maritime system that serves not only Nigeria's present needs, but secures its future as a global trade player,' he urged. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (