By JOY ADARA, Abuja – In a bid to support the efforts of the government to reduce youth unemployment, a Nigerian Tech startup, Kandem Ltd has launched an online-based service provider marketplace. Kandem Ltd CEO, Mrs. Prisca Ossy Prestige said in a statement that the platform is live and...
BUSINESS
…Engages PwC to conduct study on competition level The Nigerian Communications Commission (NCC) has commenced the process of conducting a study to assess the current level of competition in the colocation and infrastructure sharing (CIS) segment of the Nigerian telecommunications sector. Seventy-eight licensees are currently operating in that market...
By OLA MUDOPE, Lagos – MTN Nigeria Communications Plc., paid N13.12 billion as dividends to shareholders for Year 2021. Its audited Financial Statement for the year released in Lagos on Friday showed that the company paid N8.57k per shareholding. The statement also indicated that at its 2021 Annual General...
Nigeria’s premier banking institution and leading financial services inclusion services provider, First Bank of Nigeria Limited has won two awards: Best Bank in Nigeria 2022 and Best Banking Digital Transformation Nigeria at the International Investor Awards 2022, a print and online publication that provides insights, news and visual informative pieces with...
An apparently emboldened Elon Musk has decided to flex his buying muscles further by joking about buying multinational beverage company, Coca-Cola on Thursday. According to Forbes, the soft drink giant is valued at $286 billion, while boasting of assets worth $94.35 billion as compared to Musk’s net worth of...
The Federal Government has emphasised the need for Africa to establish an African Energy Bank (AEB) to address its peculiar energy related crisis. The Minister of State, Petroleum Resources, Chief Timipre Sylva, said this on Thursday in Abuja at the 2022 Annual Public Lecture of the Nigerian Society of...
MTN Nigeria and Pan-Atlantic University (PAU) today announced the launch of the MTN Media Innovation Programme (MTN MIP), which will be run by PAU’s School of Media and Communication (SMC). The six-month, fully funded fellowship for Nigerian media practitioners is designed to support the sustainable development of the nation’s changing media scene. It is...
By OLA MUDOPE, Lagos – MTN Nigeria and Pan-Atlantic University (PAU) has announced the launch of the MTN Media Innovation Programme (MTN MIP), which will be run by PAU’s School of Media and Communication (SMC). The six-month, fully funded fellowship for Nigerian media practitioners is designed to support the sustainable development of...
The Group Managing Director, Gum Arabic Company Nigeria (GACON), Mrs Adaku Chidume-Okoro, has appealed to the Federal Government to scale up efforts in encouraging non-oil export activities. Chidume-Okoro made the appeal at the two-day national conference on non-oil export, organised by the Nigerian Export Promotion Council (NEPC). The conference...
The African Development Bank’s (AfDB) Africa Digital Financial Inclusion (ADFI) facility will receive 15 million dollars to develop and extend digital financial solutions to women-owned small and medium businesses in Africa. The bank on its website, on Wednesday, said that Women Entrepreneurs Finance Initiative (We-Fi) said the new round...
The U.K Government has said that it held talks with Nigeria at the Economic and Development Forum (EDF) in London, to promote trade and boost their partnership worth 3.2 billion pounds. The British High Commission in Nigeria made this known in a statement on Tuesday. It said that at...
The quest for food security is an onerous task amid COVID-19, climate change, harsh operating environment and the likes. The International Institute of Tropical Agriculture (IITA) and other partners were on field trips recently to have first-hand information on how its GIZ-funded cassava and maize value chain project has...
By Benjamin Orisemeke, Abuja – The Federal Government’s fiscal deficit hits a whopping N2.23 trillion in the fourth quarter of 2021, according to the Central Bank of Nigeria economic report for the last quarter of 2021. The report said the 12 per cent contraction in fiscal deficit followed a...
Elon Musk, the world’s richest man, struck a deal Monday to buy Twitter for $44 billion, capping a saga complete with hostile takeover threats before delivering him personal control of one of the most influential social media platforms on the planet. Twitter famously served as a megaphone for former...
The Center for the Promotion of Private Enterprise (CPPE) has advised the Federal Government to expend the N4 trillion for petroleum on productive sectors. Dr Muda Yusuf, Chief Executive Officer CPPE, who gave the advice in an interview with the News Agency of Nigeria (NAN) in Lagos on Monday,...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) started its activities for the week with a move by stakeholders to begin the implementation of the Petroleum Industry Act (PIA) in the upstream sector of the nation’s oil and gas industry. Minister of State for Petroleum Resources, Chief Timipre Sylva...
y MBAFAN ADE, Abuja – Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami), and the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, have promised to continue to drive policy initiatives that promote investment in infrastructure in the Nigerian telecom industry...
The Debt Management Office (DMO) has offered three new Federal Government of Nigeria (FGN) bonds valued at N225 billion for subscription through auction in April. They are a N75 billion FGN bond at 13.5 per cent interest rate, due in March 2025 (10 year re-opening) and a N75 billion...
By MBAFAN ADE, Abuja – The Management of the Nigerian Communications Commission (NCC), has been commended for its superlative regulatory activities, The commendation came from key members of the top echelon of the Management of ipNX, a licensee, who were at the Commission on Friday for a courtesy visit....
The National Bureau of Statistics (NBS) on Friday disclosed in its report that the average retail price of cooking gas increased by 83.62 per cent from N2057.71 in March 2021. The March 2022 report also revealed the average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking...