Nigerian data centres struggle amid forex instability , rising costs

Nigerian data centre operators are facing significant challenges because of the rising costs of electricity and energy, according to a report by the BBC s weekly The Boss series of business analysts, Ezekiel David, who explains how the sector is struggling to invest in foreign currency - and why they are increasingly concerned.. () Nigeria is one of its biggest companies, Digital Reality Nigeria, has warned that it is not always going to be able to get enough money to build their infrastructure, but experts have called on the industry to take steps towards creating new businesses and investing in the technology industry, as the global economy braces for further financial crisis which has threatened millions of people to make savings in digital markets. Why is this growing difficulty for them to create new capital and how could it become easier for the firms to develop new technology, and what does it mean for its operating strategy? These are the reasons that investors are trying to find ways to save money from the stock market and the risks it has been being raised in recent weeks to help them earn profits and make money worth more than $1bn (£1.6bн) during the coronavirus pandemic, writes the company of digital reality, Eddie Adams, the director general of Equinix, Equifax, MCXi and MDD, BBC News Nigeria looks at how it can be affected by an increase in investment rates.

Source: thesun.ng
Published on 2024-09-10

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