By OLA MODUPE, Lagos – A technology enthusiast, Mrs Roseline Ilori, has reiterated the need for government at all levels as well as stakeholders in investing massively in technology; not just software development, but in robotics, artificial intelligence, bio-medicine, voice biometrics and a host of other technology spectra. Ilori,...
BUSINESS
SHELTER which is housing is an indicator of being successful in Nigeria whether built or rented. However, a built one with your money is the height of success that appeals to people’s mentality. The shelter cannot be brushed aside as it is part of how we survive. As such,...
The National Bureau of Statistics (NBS), said that prices of selected food items increased in September. This is according to the NBS Selected Food Prices Watch Report for September 2022 released in Abuja on Friday. The report said that the average price of 1kg of Tomato on a year-on-year...
The Nigerian Exchange Ltd. (NGX) declined further on Friday as market capitalisation depreciated by N388 billion or 1.6 per cent to close at N23.918 trillion from N24.306 trillion on Thursday. Also, the All-Share Index (ASI) fell by 712.54 points or 1.6 per cent to 43,912.64 from 44,625.18 recorded at...
The Naira on Friday exchanged at N444.75 to the dollar at the Investors and Exporters window, a depreciation of 0.06 per cent, compared with N444.50 to the dollar it exchanged on Thursday. The open indicative rate closed at N443 to the dollar on Friday. An exchange rate of N447...
Unity Bank Plc has declared a N2.2 billion profit for the nine-month period ended Sept. 30. The company stated this in its third quarter result released on Friday in Lagos. The profit represented a 17 per cent growth in gross earnings to N42.2 billion for the same period, as...
A Software Development Expert, Dr Yele Okeremi has called on the Central Bank of Nigeria (CBN) to publicise it recently launched eNaira to further deepen the country’s cashless mode of payment. Okeremi, Chief Executive Officer, Precise Financial Systems (PFS) made the call during an interview with the News Agency...
Elon Musk took control of Twitter and fired its top executives late Thursday in a deal that puts one of the leading platforms for global discourse in the hands of the world’s richest man. Following the takeover, Musk tweeted that the “the bird is freed,” referencing the company’s iconic...
The European Investment Bank (EIB) has agreed to give €100 million in financing support to the expansion program of MTN Nigeria Communications Plc (MTN Nigeria) EIB Global is the EIB Group’s specialised arm dedicated to increasing the impact of international partnerships and development finance. The investment from the bank...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission (NCC) has urged parents and guardians to monitor and manage the engagement of their children online as the uncontrolled exposure to cyberspace is fraught with a lot of negativities to children’s wellbeing. Executive Vice Chairman of NCC, Prof. Umar Danbatta,...
Pan-African banking group, Ecobank Group, has launched the fifth edition of the Ecobank Fintech Challenge and encourages African Fintech entrepreneurs to enter the competition. Fintechs that are aligned with the Bank’s strategic objectives stand a chance to win an overall cash prize of US$50,000 for the top winner and...
Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), has urged risks managers to be vigilant in order to deal with the complex risks the country is currently facing. Emefiele gave the advice at the 2nd National Risk Management Conference, organised by the Risk Management Department of the CBN...
The Nigeria Customs Service (NCS), Apapa Area Command, has generated N790.6 billion between January and September 2022. Comptroller Malanta Yusuf, the command’s Area Controller, said this at a news conference on Thursday in Lagos. According to Yusuf, this shows an exponential improvement of N181.5 billion when compared with N609...
Some winners at the ongoing Dangote Cement Plc bag of goodies consumer promo season 3 at Egbeda, Lagos, on Wednesday. More than 100 customers became instant millionaires across the country on Wednesday in the ongoing Dangote Cement Plc Bag of Goodies Consumer Promo Season 3. The company disclosed this...
The Central Bank of Nigeria (CBN) in collaboration with Bizi Mobile Cashless Consult, on Wednesday sensitised students of the University of Lagos (UNILAG) on how to onboard the eNaira app. Lecturers, members of staff and traders in the University community were encouraged to open and onboard the eNaira speed...
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed says the Federal Government is working on strategic plans to address inflation and ensure decongestion of ports in the country. Ahmed said this when she fielded questions from lawmakers at the presentation of the 2022 budget performance before...
Sen. Hadi Sirika, the Minister of Aviation on Wednesday reassured of the take off of Nigeria Air in December, in spite of the perceived opposition by some groups. Sirika said this when he spoke with journalists at the sideline of interactive session with the Senate Committee on Aviation with...
The Federal Government has announced the selected preferred and reserve bidders for Nigerian airports concession. Sen. Hadi Sirika, the Minister of Aviation, made the announcement when he addressed newsmen on Wednesday in Abuja. According to him, the preferred bidder for the Nnamdi Azikiwe International Airport (NAIA), Abuja, is Corporacion...
By CALLISTUS OFFOR, Abuja – As Nigerian Communications Commission (NCC) recently won double awards at the 2022 Tech Innovation Awards (TIA), the telecom regulator has promised to ensure it brings full benefits of the digital economy to Nigerians for the overall development of the country. At the 6th edition...
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has proposed the establishment of D-8 centre on Small and Medium Enterprises (SMEs) in Nigeria. Mr Olawale Fasanya, the Director-General of SMEDAN made the proposal at the D-8 Forum on SMEs and health market held in Abuja on Wednesday....