Bread and cereals, meat, fish, other food items accounted for rise in food inflation in December, 2021 to 17.37 per cent, as headline inflation rose to 15.63 per cent. Statistician-General of the Federation, Mr Simon Harry, gave the figure on Monday in Abuja at a news conference to announce...
BUSINESS
File photo of Emirates airplane used to illustrate the story. PHOTO: Twitter/@Emirates Flag carrier of the United Arab Emirates (UAE), Emirates Airlines, has announced the resumption of passenger flight operations to five African countries but Nigeria was not on the list. The African countries on the list include Ghana,...
By OLA MUDOPE, Osogbo – Reckoning that 70 per cent of the new value to be created in the economy over the next decades will be based on digitally-enabled platform business models, the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has said the...
By JOY ADARA, Abuja – The Federal Government has commended the commitment of the Nigerian Communications Commission (NCC) towards enhancing digital skills development among youths, through implementation of various Information and Communication Technology skill acquisition programmes. Minister of Interior, Ogbeni Rauf Aregbesola and the Minister of Communications and Digital...
By JOY ADARA, Abuja – The Nigerian Communications Commission (NCC) has alerted members of the public that a cybercrime group has perfected a new year scheme to deliver ransomware to targeted organizational networks. In a statement by its Director, Public Affairs, Dr. Ikechukwu Adinde at the weekend, the Commission...
By EZEKIEL OBI, Abuja – The Nigeria Export Processing Zones Authority (NEPZA) has emphasised the need to adopt free trade zone model in exploration, refining, production and marketing of gemstones. The Managing Director of NEPZA, Prof. Adesoji Adesugba, said this when Mr Tom Cushman, a renowned gemologist and businessman...
The Board of Directors of Nigeria LNG Ltd. (NLNG) has approved the supply of 100 per cent of the company’s LPG production (propane and butane) to the Nigerian market. The NLNG made this known in a statement issued by Mr. Andy Odeh, General Manager, External Relations and Sustainable Development,...
The Nigeria LNG Limited announced on Thursday that its board of directors had approved the supply of 100 per cent of the Liquefied Petroleum Gas (butane and propane) produced by the company to the Nigerian market. The NLNG said in a statement that it would prioritise the domestic market...
Ghana’s President, Nana Akufo-Addo, says the inauguration of the Pan-African Payment and Settlement System (PAPSS) will accelerate transactions in Africa. Akufo-Addo, represented by the Vice President Dr Mahamudu Bawumia, spoke at the inauguration of PAPSS in Accra, Ghana, monitored virtually by the News Agency of Nigeria (NAN). According to...
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says increase in employment in the country in 2020 is due to various Federal Government intervention programmes. The Director-General of SMEDAN, Dr Dikko Radda told newsmen in Abuja that there was consolidation in the Small and Medium Enterprises due...
The AfCFTA Secretariat says the commercial roll-out of the Pan-African Payment & Settlement System (PAPSS) will save Africa up to US$5 billion dollars annually. The Secretary General of AfCFTA, H.E Wamkele Mene, made the remarks on Thursday at the Commercial Launch of the PAPSS in Accra, Ghana, which held...
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its “Nigerian Economic Outlook Webinar” convened to reflect national and global economic trends that shaped 2021, whilst forecasting the economic outlook of 2022. The virtual event themed “A rearview look at 2021, lessons learnt-Outlook...
As the global economy enters a pronounced slowdown amid fresh threats from COVID-19 variants and others, Nigeria’s growth is projected to strengthen to 2.5 per cent in 2022 and 2.8 per cent in 2023. The World Bank said this in Washington at the presentation of its January 2022 Global...
In order to give concrete expression to the underlining principles and fundamental philosophy of the emergent digital culture in Nigeria, particularly Item No. 2 of the eight pillars of the National Digital Economy Policy and Strategy (NDEPS) 2020-2030, the Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim...
By EZEKIEL OBI, Abuja – Ethiopian Cargo & Logistics Services, Africa’s largest network operator has launched a new feature that enables customers to make online reservations for their cargo. The platform enables customers check flight schedules, space availability, loadability of freight and make real-time booking of their shipment in...
XDA Development, a mobile software development community, recently reported that WhatsApp group chats might soon get a ‘community feature.’ According to XDA, while its observation is still speculation, strong addition to the Android-owned cross-platform centralized instant messaging service indicates that WhatsApp is working on a new community feature. XDA...
Bitcoin on Monday slid below $40,000, falling to its lowest level since the end of September as the world’s leading cryptocurrency showed no end to its volatility. Bitcoin dropped to $39,663.18, down from a record high of above $66,000 in October. After taking a tumble Monday, it recovered some...
The Securities and Exchange Commission (SEC) has expressed the optimism of the capital market growth in 2022 due to its various initiatives. The Director-General of SEC, Mr Lamido Yuguda, said this in a statement released by the Commission in Abuja on Sunday. He expressed hope that as the restrictions...
The newly inaugurated Anambra Cargo Airport has recorded 142 flights with 3,865 passengers landing and taking off from the airport after one month of the opening of the facility. The airport was opened for commercial services on Dec. 7 last year. The Anambra Commissioner for Works, Mr Marcel...
The Federal Medical Center (FMC), Yola, in partnership with Manaco Impact Foundation has developed vaccine reminder App (Peadiatric Oncall) designed to promote childhood vaccination. Prof. Auwal Abubakar, Chief Medical Director of the centre, told the News Agency of Nigeria (NAN) on Saturday that the app would be launched in...