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Business

Unregulated AI Integration

FCCPC Expresses Worry Over Unregulated AI Integration on Nigerian Consumers

March 19, 2024
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By Adedapo Adesanya The acting Executive Vice-Chairman/Chief Executive of the Federal Competition and Consumer Protection Commission (FCCPC), Mr Adamu Abdullahi, has expressed concerns over the integration of Artificial Intelligence (AI) in the country’s consumer landscape. He warned that if not regulated, this would result in unintended consequences, including privacy concerns, exploitative practices, limited access and cyber-security risks. Speaking at a
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House of Reps

Nigeria’s House of Reps Directs Trade Ministry to Halt UK Deals

March 19, 2024
By Adedapo Adesanya The House of Representatives has urged the Ministry of Industry, Trade, and Investments to halt any further signing and implementation of the trade partnership with the United Kingdom. The lower legislative chamber said the agreement should cease until the terms and conditions governing it were fully examined and ascertained. The resolution followed the adoption of a motion
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Lagos Customs Street stock exchange

Bears Remain Glued to Stock Exchange After N62bn Loss

March 19, 2024
By Dipo Olowookere The Nigerian Exchange (NGX) Limited shrank by 0.11 per cent on Tuesday after the bears extended their stay at the bourse on the back of sustained sell-offs in blue-chip equities like MTN Nigeria, GTCO, Zenith Bank and others. The value of the stock exchange depreciated by N62 billion during the session to N59.116 trillion from N59.178 trillion,
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Aigbovbioise Aig-Imoukhuede Coronation Asset Management

Coronation Group Illuminates Rise of Infrastructure Investments

March 19, 2024
Coronation Group has unveiled its maiden Infrastructure Report. The report, which is a product of detailed research, delves into the critical realm of infrastructure financing, spotlighting the increasing importance of private sector involvement in funding infrastructure projects worldwide. With public resources often constrained, private sector investment has emerged as a catalyst for bridging funding gaps and unlocking infrastructure projects that
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Cardoso MPC meeting

CBN to Commence 294th MPC Meeting March 25

March 20, 2024
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has announced that the 294th meeting of the Monetary Policy Committee (MPC) would be held on Monday, March 25 and Tuesday, March 26, 2024. In a post on X, formerly known as Twitter, the apex bank said the gathering, which is where interest rates and other monetary policies are discussed, would
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Politics

deposit insurance coverage

NDIC Increases Deposit Insurance Coverage for Banks

May 3, 2024
By Adedapo Adesanya The Nigeria Deposit Insurance Corporation (NDIC) has raised the maximum deposit insurance coverage for depositors of all licenced Deposit Money Banks (DMBs) in the event of bank failure by 900 per cent from N500,000 to N5 million. Deposit insurance is the government’s guarantee that an account holder’s money at an insured bank is safe up to a
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Travel

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2016 Has Been Hard For Nigeria—Buhari

  President Muhammadu Buhari has said that commitment to transparency and accountability is serving the government in good stead, despite severe shortage of resources in the country. The President made this known at the State House, Abuja, on Thursday while receiving the
August 11, 2016

Mrs Saraki Commends Abuja Breastfeeding Declaration

International Confederation of Midwives (ICM) Global Goodwill Ambassador and the Founder-President of The Wellbeing Foundation Africa (WBFA), Her Excellency, Mrs Toyin Saraki, welcomes the Abuja Declaration of Protection, Promotion and Support for Breastfeeding (‘the Abuja Breastfeeding Declaration’), as led by the Federal
August 11, 2016

AFRIMA 2016: AU To Announce Host City Monday

The African Union Commission in partnership with the International Committee of the All Africa Music Awards (AFRIMA), will on Monday, August 15, 2016, at Protea Hotel, GRA, Ikeja, Lagos announce the city to emerge official host of the 2016 edition of AFRIMA
August 11, 2016

Photos From 2016 Presidential Policy Dialogue Session

On Thursday, August 11, 2016, the 2016 Presidential Policy Dialogue Session was held in Lagos and it had participants from the private sector. Vice President, Yemi Osinabjo, was the Special Guest of Honour and Keynote Speaker at the occasion. He told the
August 11, 2016

Parents, Stakeholders Applaud Promasidor’s CFA Summer Camp

Parents of school pupils and young football talents in the country have applauded the efforts of Promasidor Nigeria Limited, makers of Cowbell Milk, Loya Milk and other food products, towards youth empowerment through sports in Nigeria. They gave the commendation at the
August 11, 2016

Enforcement Of Speed Limiters Begins October 1—FRSC

From October 1, 2016, the Federal Road Safety Commission (FRSC) will commence implementation and enforcement of the Speed Limiting Device in the country. The FRSC said it already has the approval of the presidency. While briefing stakeholders in Abuja, FRSC’s Corps Marshall,
August 11, 2016

BravoSolution Acquires Puridiom

A leading global strategic procurement solution provider, BravoSolution, has acquired Puridiom, a privately-held on-demand procurement and AP solutions company based in Camp Hill, Pennsylvania. With this acquisition, BravoSolution takes the next step in enabling the full end-to-end procurement process through an integrated
August 11, 2016

5 Tech Gadgets You Can Hardly Do Without

Adeniyi Ogunfowoke The evolvement of technology over the decades has made it compulsory to use them. These technologies which come in various forms, sizes and shapes simplify human functions and activities thus making them indispensable. Most people are addicted to some of
August 11, 2016

Rimini Street Boosts Investment in Latin America

  Rimini Street, Inc., the leading global independent provider of enterprise software support services for SAP SE’s Business Suite, BusinessObjects and HANA Database software and Oracle Corporation’s Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Oracle Middleware, Hyperion, Oracle Retail and Oracle
August 11, 2016
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