Access Bank says it is investing a billion dollars to boost 10 million Small and Medium Enterprises (SMEs) in Africa over the next five years. Mr Seyi Kumapayi, the Executive Director in charge of African subsidiaries said this on the sidelines of a two-day SMEs Immersion Round table in...
BUSINESS
By OLA MUDOPE, Lagos – The MTN Foundation in partnership with the Bank of Industry and the Enterprise Development Centre (EDC) has officially launched the first phase of the Y’ellopreneur programme for female entrepreneurs in Nigeria. The announcement was made on Tuesday at a media event hosted by the...
Facebook parent company Meta announced on Wednesday that it is cutting 11,000 jobs. The job cuts amount to about 13 per cent of its workforce, Meta boss Mark Zuckerberg said. It is the biggest round of job cuts in the history of the firm, which also owns photo messaging...
Nigeria’s public debt stock increased from N35.46 trillion (86.57 billion dollars) in the second quarter of 2021 to N42.84 trillion (103.31 billion dollars) in the corresponding period in 2002. Public debt stock includes external and domestic debts. The National Bureau of Statistics (NBS) made the declaration in its Nigerian...
The Federal Inland Revenue Service (FIRS) on Wednesday urged the Tax Appeal Tribunal sitting in Abuja not to accept an appellate’s witness as expert in tax transaction. At the resumed hearing, FIRS through its counsel, Mr Daniel Onukun, submitted that the appellant’s witness, Mr Martin’s Aroke was just an...
By CALLISTUS OFFOR, Abuja – Following the constant introduction of malicious apps into Google Play Store, the Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has advised against the installation of apps from the offending publisher, the ‘Mobile Apps Group’, whose products were discovered to contain Trojans and...
But, if you put shady promises of untold riches aside and focus on some of the more grounded ploys, you might very well have a chance to succeed. We are talking about the real, proven tips for winning, the ones that in fact work. In this article we are...
Jumia Technologies Co-CEOs Jeremy Hodara and Sacha Poignonnec have resigned from the company. Taking over as the Acting CEO, is Francis Dufay, who has been with the company since 2014 and held multiple senior leadership roles, including CEO of Ivory Coast and recently EVP Africa. Meanhile, Maillet-Mezeray previously Group...
The Minister of Aviation, Sen. Hadi Sirika says Nigeria will soon get a national carrier. Sirika said this when he appeared before the House of Representatives Committee on Aviation for 2023 budget defence in Abuja on Tuesday. The minister said that President Muhammadu Buhari was also expected to commission...
Google on Tuesday said that it has gone live with the inauguration of its Interview Warmup, a tool that enables job seekers to practice answering interview questions. Mojolaoluwa Aderemi-Makinde, Head, Brand and Reputation, Google, Africa said in a statement that the launch of the tool is to help job...
Zimbabwe state-run Herald newspaper on Tuesday reported that Zimbabwe first satellite, ZimSat-1, has been successfully launched into space. ZimSat-1, a nanosatellite, was launched to the International Space Station (ISS) on Monday. It was successfully launched from the United States National Aeronautics and Space Administration’s (NASA) Launch Facility in Virginia...
Mr Kim Young-Chae, the Ambassador of Republic of Korea to Nigeria says, the bilateral trade between the two countries is expected to reach more than two billion dollars this year. Young-Chae said this at the South Korea National Day Reception held on Monday night in Abuja. According to him,...
By ARMSTRONG ALLAHMAGANI, Bauchi – The Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Evelyn Ngige, has stated that all African countries who are signatories to the Continent’s Free Trade Area Agreement desire that Nigeria becomes a dumping ground for their goods. She stated this in her opening...
By JOY ADARA, Abuja – MTN, Airtel, as well as money deposit banks in Nigeria have been appointed by the Federal Inland Revenue Service (FIRS) to withhold Value Added Tax (VAT) charged on all taxable supplies made to them, and remit to the Service. This is contained in a...
The 13-year-old Nigerian-born Emmanuella Mayaki, has set a new record as one of the youngest persons to be accepted into a University in the U.S. The News Agency of Nigeria (NAN) reports that Mayaki was accepted into the Programme for the Exceptionally Gifted (PEG) at the Mary Baldwin University,...
Apple has warned customers to expect delays on iPhone shipments due to COVID-19 restrictions at a manufacturing factory in China. Apple manufacturing partner Foxconn’s iPhone plant in Zhengzhou, China, is operating under restrictions, temporarily impacting the primary iPhone 14 Pro and iPhone 14 Pro Max assembly facility. Recently there...
Twitter will permanently suspend users who impersonate authentic accounts on the social media platform, new owner Elon Musk has revealed. “Going forward, any Twitter handles engaging in impersonation without clearly specifying ‘parody’ will be permanently suspended,” Musk tweeted. “Previously, we issued a warning before suspension, but now that we...
Some bank customers of various banks in the country have lamented the increasing spate of illegal withdrawals from their accounts. Some of the customers who were victims of the act said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Monday. They described the...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission (NCC) has inaugurated an industry-wide committee to facilitate the deployment of broadband infrastructure under a project named, National Communications Backbone (NCB). Chaired by NCC’s Director of Digital Economy, Dr. Augustine Nwaulune, with Mobile Network Operators (MNOs), Infrastructure Companies (InfraCos), and...
…wins MSME Bank of the Year Award too Polaris Bank shone brightest over the weekend as its bespoke home-grown digital bank, VULTe capped its string of wins with two more prestigious awards as the Best Digital Bank at both BusinessDAY’s Banks And Other Financial Institutions (BAFI) Awards and The...