The Uniccon Group of Companies says it is set to unveil Africa’s first humanoid robot named ‘Omeife’, in Nigeria. The group’s CEO, Mr Chuks Ekwueme, who made this known in a statement on Thursday in Abuja, said the event is scheduled to hold on Friday. Ekwueme said that the...
BUSINESS
The National Information Technology Development Agency (NITDA), has warned WhatsApp users to be careful while using the application following an alleged data breach by the company. Mrs Hadiza Umar, Head, Corporate Affairs and External Relations of the agency gave the warning in a statement issued on Wednesday in Abuja....
By JOY ADARA, Abuja – The Nigerian National Petroleum Company Limited (NNPC Ltd) has reassured Nigerians that it has sufficient products in stock and we significantly increased products loading in selected depots and extended hours at strategic stations to ensure sufficiency nationwide. The Executive Vice President, Downstream, NNPC Limited,...
Nigeria free trade zones attracted over 46.6 billion dollar investments into the nation’s economy. The Managing Director of Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba and his counterpart from the Oil and Gas Free Zones Authority (OGFZA), Sen. Tijjani Kaura said this at the 30th anniversary of...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission (NCC) has cautioned consumers against the patronage and use of devices that have not been typed approved and counterfeit devices, strongly warning that such devices negatively affect the quality of experience while leaving their users vulnerable to losses and other...
By CALLISTUS OFFOR, Abuja – The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Professor Umar Danbatta, has reiterated the Commission’s commitment to ensuring there is a balance in the representation of females in the information technology (IT) ecosystem. The EVC, stated this recently through the Head,...
Minister of Agriculture and Rural Development, Dr Mohammad Abubakar says the Nigerian government will earn N18 billion from the concessions of its 19 silos to the private sector. The minister said the government concessioned the silos to enable farmers have access to storage facilities. Abubakar made the disclosure on...
The Central Bank of Nigeria (CBN) says it has no plan to introduce N5,000 denominated bank note as being speculated by some sections of the society. Ahmed Umar, the Director, Currency Operations of CBN clarified this at a three-day workshop organised by the Nigeria Deposit Insurance Corporation (NDIC), for...
The Central Bank of Nigeria (CBN) says the naira redesign will encourage expanded financial inclusion and other forms of electronic transactions. Ahmed Umar, the Director, Currency Operations of CBN, said this at the 2022 workshop for business editors and members of the Finance Correspondents Association of Nigeria (FICAN) in...
The Nigeria Deposit Insurance Corporation (NDIC) has assured bank depositors of the safety of their monies in banks even in unlikely event of bank failure. Dr Kabiru Katata, Director, Research Policy and International Relations Department of NDIC, said this on Tuesday in Port Harcourt. He gave the assurance in...
The Nigerian National Petroleum Company Ltd. (NNPC) and TotalEnergies Upstream Nigeria Ltd., operator of OML 130, and partners have inaugurated projects in seven states in furtherance of its Corporate Social Responsibility (CSR). Mr Mike Sangster, Managing Director, TotalEnergies Upstream companies in Nigeria, said in a statement in Lagos on...
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The Executive Chairman, Federal Inland Revenue Services (FIRS), Mr Muhammad Nami has appealed for harmonisation of tax systems among member states of Commonwealth Association of Tax Administrators (CATA). Nami made the appeal on Monday in Abuja at the 42nd Technical Conference of CATA with the theme: “Tax Administration in...
The Nigerian Exchange Ltd. (NGX) lost N64 billion, 0.25 per cent, as market capitalisation closed at N25.837 trillion on Monday compared with N25. 901 trillion on Friday. Also, the All-Share Index (ASI) lost by 117.89 points or 0.25 per cent to settle at 47,436.45 from 47,554.34 recorded on Friday....
The Registrar, Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, says the National Identification Number (NIN) is the most important document required for the registration of new businesses. Abubakar made this known on Tuesday in Abuja during the monthly reform seminar organised by the Bureau of Public Service Reform (BPSR)....
By JOHN ONAH, Abuja – The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has called on the Commonwealth Association of Tax Administrator (CATA) and similar organisations to blend their voices to insist that skewed international tax rules be straightened for the good of all. The Minister...
Gum Arabic company has won the most active company award at the maiden edition of the Nigerian Export Promotion Council (NEPC) Awards in Lagos. Adaku Chidume-Okoro, the Managing Director of Gum Arabic Company, in a statement on Monday, said several others were also awarded. Addressing the audience, during the...
Mr Suleiman Lawal, a Lecturer at the Economics Department, Umaru Musa Yar’adua University, Katsina (UMYU), said the Naira notes redesign policy would assist in curbing inflation in the country. Lawal made the assertion in an interview with the News Agency of Nigeria (NAN) on Monday in Katsina. It would...
By PATRICK ABANG Calabar – Cross River State Governor, Ben Ayade has tasked entrepreneurs and business students on the emerging trends and opportunities in line with his Industrialization policy in the state. Governor Ayade made the call during the Cross River State Entrepreneurship Conference which was held over the...
By CALLISTUS OFFOR, Abuja – Ahead of the auspicious commissioning of the Digital Industrial Park (DIP) project in Kano State, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has, once again, paid an inspection visit to the site of the ongoing construction of...