A VPN Protects You While Using Public Wi-Fi Networks

By Aduragbemi Omiyale The Managing Director of Payment Processing & Switching at Interswitch Purepay, Mr Akeem Lawal, has said the company will always throw its full weight behind conversations aimed at improving the payments industry. Mr Lawal said this ahead of the 2023 annual conference of the Committee of e-Business Industry Heads (CeBIH) scheduled to take place from Tuesday, December 5, 2023, to Wednesday, December 6, 2023, in Lagos. He is one of the speakers slated to attend the event with the Managing Director of Verve International, Vincent Ogbunude; and the Managing Director of Digital Infrastructure and Managed Services at

By Adedapo Adesanya The Minister of Communications, Innovation, and Digital Economy, Mr Bosun Tijani, intends to close the world’s tech talent shortage by almost a quarter with Nigerian workers. He said this would be achieved through the federal government’s plan to train 3 million technical talents over the next four years. The initiative could help achieve President Bola Tinubu’s goal of creating a million tech jobs in the first two years of his administration. “I believe, based on data that LinkedIn has projected, Nigeria can fill about 23 per cent of the current global shortage in technology talents,” Mr Tijani

By Aduragbemi Omiyale Three Nigerian startups are among the 11 small firms selected by Google for its Artificial Intelligence (AI) First Accelerator Program for Africa. The beneficiaries will undergo a 10-week accelerator journey and will get $350,000 as an allocation in Google Cloud Credits, and further enjoy mentorship sessions, technical guidance, and networking opportunities to enhance their reach and impact. The 11 startups were picked from a vast pool of innovative talent. At the end of the scheme, they would be required to use cutting-edge AI to address both the continent’s challenges and broader global issues. “At Google, we’ve been

By Modupe Gbadeyanka A veteran actor in the Yoruba film industry, Mr Ojo Arowosafe, otherwise known as Fadeyi Oloro, has breathed his last. According to reports, the 66-year-old make-belief star died on Tuesday after a protracted illness he had been nursing for a long time. Recall that recently, he was in the news over his health, which prompted a London-based self-acclaimed pastor, Pastor Tobi Adegboyega, to donate a sum of money to him last month. In a social media post on Tuesday night, a comedian and actor, Mr Bayegun Oluwatoyin, popularly known as Woli Arole, expressed satisfaction over reaching out

By Dipo Olowookere The average yields of treasury bills traded at the secondary market closed at 13.26 percent on Tuesday after increasing by 0.46 percent. This was as negative sentiment at the market continued yesterday with yields rising across all maturities. Business Post reports that the one-month paper appreciated by 0.45 percent, the 3-month note by 0.97 percent, the 6-month bill by 0.56 percent, the 9-month debt instrument by 0.19 percent and the 12-month paper by 0.14 percent. At the market yesterday, the Central Bank of Nigeria (CBN) continued with its Open Market Operations (OMO) interventions. The apex bank offered

By Adedapo Adesanya The revenue from the sale of white products – petrol, kerosene, diesel, cooking gas – rose by 24.7 per cent to N234.6 billion in the month of March from N188.2 billion sales recorded in February 2021. This was disclosed by the Nigerian National Petroleum Corporation (NNPC) downstream subsidiary, the Petroleum Products Marketing Company (PPMC), in the March 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR). According to a statement by the Group General Manager, Group Public Affairs Division of the corporation, Mr Kennie Obateru, the report indicated that total revenues generated from the sales

By Dipo Olowookere Transactions at the nation’s stock market further closed bearish on Friday as investors continue to rebalance their portfolio, selling off some of the large-cap stocks in their holdings to take profit. This led to the 0.22 percent decline recorded by the Nigerian Stock Exchange (NSE) at the close of business to further extend the year-to-date loss to 14.56 percent. Some of the worst hit included MTN Nigeria, which topped the losers’ chart after depreciating by N1 to close at N118 per unit, while Dangote Cement followed with 30 kobo to finish at N142.70 per share. GTBank lost

By Dipo Olowookere Nigeria’s Ministry of Mines and Steel Development has secured a $150 million support from the World Bank for the Mineral Sector Support for Economic Diversification (MSSED or MinDiver) programme. According to the Minister, Mr Kayode Fayemi, “We have secured support from the World Bank for the funding of $150 million Mineral Sector Support for Economic Diversification MSSED programme.” He explained that a critical component of the support is to provide technical assistance for the restructuring and operationalisation of the Solid Minerals Development Mining Investment Fund, which would make finance available to ASM operators through development finance, micro-finance

By Dipo Olowookere The Director-General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, has said the agency has continued to develop regulations to make the Nigerian capital market more credible and stable. According to him, a credible and stable capital market will propel the Nigerian economy from its developing status to an advanced category like the United States and others. Speaking at the first Nigeria Employers Summit organised by the Nigeria Employers Consultative Association (NECA) in Abuja recently, the SEC DG said efforts are being made to ensure that the domestic capital market becomes one of the world’s

By Adedapo Adesanya Crude oil prices rose on Friday on the back of hopes of a fuel demand recovery in the United States and Europe as the market swayed on signals of economic growth and lockdowns ease despite pressures from the coronavirus resurgence. Brent crude futures closed 71 cents or 1.09 per cent higher to $66.11 per barrel, while the West Texas Intermediate (WTI) crude futures also rose 71 cents or 1.16 per cent to trade at $62.14 per barrel. In the US, there were reports of an increase in demand for refined products such as petrol and diesel, indicating

Dipo Olowookere The Special Assistant to Governor Rotimi Akeredolu of Ondo State on Political Matters, Mr Augustine Pelemo, the has been sacked with immediate effect. The Governor’s aide, who works from office of the Deputy Governor in Akure, the state capital, was directed to leave the position for posting a birthday message on Facebook, a popular social media platform. Mr Pelemo had on Sunday wished wife of the Deputy Governor, Mrs Ajewole Agboola Ajayi, a happy birthday, but what got him into trouble was addressing the woman as the Acting First Lady of Ondo State. Barely 24 hours after the