I’m Not Under Pressure to Resign—Osinbajo

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By Aduragbemi Omiyale An artificial intelligence-powered feature, Dream Screen for Shorts, designed to redefine how creators use YouTube, has been unveiled by the video streaming platform. The feature was introduced by the tech giant on Thursday alongside others at the Made On YouTube event. It was created to allow YouTube creators to reach more viewers. According to the firm, Dream Screen allows creators to add AI-generated video or image backgrounds to their Shorts simply by typing an idea into a prompt. With Dream Screen, creators will be able to generate new, fantastic settings for their Shorts that are only limited

By Precious Olisa Three Nigerian women entrepreneurs have been selected among 24 finalists for the 2023 African Women Innovation and Entrepreneurship Forum (AWIEF) awards. The Nigerians are the CEO of Bridge Merchant Enterprise (Agri Entrepreneur Award), Ms Chinwendu Nweke; the CEO of Clean Technology Hub (Energy Entrepreneur Award), Ms Ifeoma Malo; and the co-founder/CEO of D-Olivette Global Enterprise, (Social Entrepreneur Award), Ms Damilola Aminat Adeyemi. Launched in 2017, the annual AWIEF Awards is an initiative to recognise, honour, and celebrate women entrepreneurs and business owners in Africa across various industry sectors for their achievements and contribution to the continent’s inclusive

By Dipo Olowookere A Court of Appeal sitting in Enugu on Friday dismissed the preliminary objections brought before it by Chairman of Innoson Motors, Mr Innocent Chukwuma, and his company, Innoson Motors Ltd. Innoson, arguing through his counsel, Prof. McCarthy Mbadugha, had at the last hearing of the matter on June 14, 2018 raised objections to a motion brought before the court by GTBank seeking to amend its notice of appeal before the court. Delivering ruling yesterday, Justice Ogunwumiju held that the court would be in serious error if it decides to wait and hear Innoson Motors preliminary objection. “There

By Dipo Olowookere The Majority Leader of the House of Representatives, Mr Alhassan Ado Doguwa, has accused the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, of misleading President Muhammadu Buhari on the Naira redesign policy. On October 26, 2022, Mr Emefiele announced that the bank would change the look of the N200, N500, and N1,000 currency notes. The president unveiled the new notes a month later before hitting circulation last month. During the announcement, the CBN chief said the old banknotes would cease to be legal tender in Nigeria from January 31, 2023, but last Sunday,

By Adedapo Adesanya Nigerian government has accused one of its neighbours, Benin Republic, of frustrating efforts to stop smuggling of prohibited goods into the country despite closing the land borders. Minister of Information and Culture, Mr Lai Mohammed, according to the News Agency of Nigeria (NAN), made this accusation while speaking on a live programme on TV Continental (TVC) in Lagos last Friday. “Regrettably, the signs out there are not positive in the sense that in the last few weeks, the number of seizures that have been made do not show that our neighbours are in a hurry to comply

By Adedapo Adesanya The importation of smartphones into Nigeria declined by 13.6 percent between January and March, following an early hit by the COVID-19 pandemic in the largest phone maker, China. This was disclosed in the June 2020 report by the International Data Corporation (IDC), which showed that Nigeria’s feature market suffered a 12.5 percent quarter-on-quarter decline in shipments of the gadget in Q1 2020. According to the report, the smartphone market is experiencing a hard time because China, where the majority of the global phone manufacturers have their plants, was the epicentre of the virus and, therefore, had to

By Modupe Gbadeyanka The Nigerian currency yesterday performed well at the parallel market by recording a slight appreciation against major foreign currencies at the market. Specifically, the Naira gained N2 at the market on Wednesday against the Dollar to close at N366 in contrast to N368 per Dollar it traded on Tuesday. Business Post recalls that on Monday, the Central Bank of Nigeria (CBN) intervened at the foreign exchange (Forex) market with the release of $250 million. This seems to have had a positive effect on the market as the local currency also chalked up N2 against the Euro to

By Adedapo Adesanya The Pan-African automotive aftermarket platform, Fixit45, has positioned itself to provide affordable repair and redefine service experience for corporate as well as individual car owners in Nigeria. The company, according to a statement issued by Mr Bemigho Awala, its Public Relations Officer, intends to redefine the Nigerian auto mechanics industry as a result of the rising demand for quality automotive repair and maintenance services. “This is occasioned by the increasing vehicle age and poor state of many Nigerian roads, Fixit45, a leading technology-enabled automotive aftermarket platform has declared its commitment to redefining service experience. “We are also

By Dipo Olowookere The desire to enhance its growth trajectory in the financial services sector has pushed a leading developmental investment bank, DLM Capital Group, to acquire a microfinance bank in Nigeria. DLM Capital prides itself as a foremost developmental investment bank in Africa and functions as a sole arranger to more than 80 per cent of structured finance transactions in Nigeria with 100 per cent of all securitisation transactions in the market currently. But in order to maintain its leadership position in the space, it has acquired Links Microfinance Bank Limited, which has its corporate head office in Yaba,

By Dipo Olowookere Wife of former President of Christian Association of Nigeria (CAN), Pastor Ayo Oritsejafor, Helen, is organising a mentorship class for Chief Executive Officers of companies in the Nigeria. The event, in its fifth edition, is slated for Saturday, December 28, 2019 at the African Broadcasting Network, Delta state, Nigeria by 2:00pm. Participants of the previous editions of the programme have testified of how valuable the class has been to their businesses. Mama Helen Oritsejafor, as she is fondly called, is a first-class entrepreneur and business tycoon, who is a practical success of how to run a viable