African Proptech Spleet Selected for MetaProp Accelerator

By Adedapo Adesanya The Ministry of Communications, Innovation, and Digital Economy on Friday opened the application process for the first phase of the three million tech talents training programme (3TTT). The programme is in line with President Bola Tinubu’s vision of creating 2 million digital jobs by 2025, which is aimed at building Nigeria’s technical talent backbone to power the country’s digital economy and position Nigeria as a net talent exporter. Business Post had reported earlier this week that Mr Bosun Tijani, the country’s Minister of Communications, Innovation, and Digital Economy, has said the target will be reached through three

By Adedapo Adesanya The Minister of Communications, Innovation, and Digital Economy, Mr Bosun Tijani, has announced a N1 billion partnership between the ministry and IHS Towers, one of the largest independent communications infrastructure firms in the world, to establish the 3 Million Technical Talent (3MTT) Learning Community. The ministry earlier this month released a 31-page policy document titled Accelerating our Collective Prosperity through Technical Efficiency which outlined plans to boost the country’s economy through the use of technology. It said it would collaborate with other ministries and parastatals, including private sector stakeholders to drive opportunities for startups to facilitate the

By Rahul Baitha In today’s digital age, where instant gratification is the norm, website performance plays a critical role in delivering a positive user experience. Visitors expect websites to load quickly and respond seamlessly to their interactions. If your website lags or stumbles, you risk losing valuable traffic and potential customers. As a web designer or business owner, optimizing your website’s performance should be a top priority. In this comprehensive guide, we’ll explore essential tips and techniques to boost your website’s speed and efficiency. Understanding Website Performance Before diving into optimization strategies, it’s essential to grasp the fundamentals of website

By Modupe Gbadeyanka The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) is set to begin a three-day nationwide warning strike today. Leaders of the body directed its members across the country to observe the industrial action, though the Federal Government has been working to avert this so as not to plunge the sector into another crisis. But the oil and gas union is taking this step because of the disputes it has with International Oil Companies (IOCs) over the alleged indiscriminate sack of workers without benefits and refusal to allow their workers to join union. NUPENG is aggrieved

Union Bank has launched Alpher Mentorship Programme, reaffirming its commitment to women empowerment in commemoration of the recently marked International Women’s Day (IWD). The Mentorship Programme aligns firmly with the global IWD 2020 theme – Each for Equal, a call for individuals to join the push for gender parity across the world. A statement from the lender explained that the mentorship scheme will provide a platform for young women to be mentored for a year by successful career women within Union Bank. Speaking concerning the IWD celebrations and the launch of the Alpher Mentorship Programme, the Head of Retail Banking

By Modupe Gbadeyanka The Lagos State Command of the Nigeria Police Force has confirmed the death of one Oluwabamise Ayanwole, the 22-year-old lady who got missing in transit while onboard a BRT bus on Saturday, February 26, 2022. A statement issued by the Police Public Relations Officer (PPRO) of the Command, CSP Adekunle Ajisebutu, disclosed that the missing BRT passenger was found dead in Lagos. Miss Ayanwole, a fashion designer, was said to have boarded the state-owned bus at Chevron Bus-Stop at about 7 pm with bus number 240257 going to Oshodi. But shortly after she was in the vehicle,

By Dipo Olowookere The management of Julius Berger Nigeria Plc has said it has no intention to carry out any rights issue at the moment. At an investor forum organised by the company in Lagos, the Managing Director, Mr Lars Richter, explained that the reason is mainly because of the rise in the construction firm’s shareholders equity to N35 billion. According to Vanguard, Mr Richter, who was represented at the event by the Finance Director, Mr Martin Brack, described 2018 business year as very successful and pivotal year for the company. “Julius Berger successfully overcame many of the tough challenges

By Quantitative Financial Analytics Mutual funds in Nigeria continue to gain momentum as they attract more inflows in the wake of better performance from an improving stock market. For the first time ever, the Asset Under Management (AUM) of mutual funds in Nigeria topped N300 billion according to latest information from the Security and Exchange Commission (SEC). Analysis of relevant available data conducted by Quantitative Financial Analytics, Nigeria’s mutual funds’ assets stood at N318 billion as at July 7, 2017, up by 42 percent on a YTD basis. The analysis also indicates that over the last one year, mutual fund

By Dipo Olowookere The interbank lending rate in Nigeria slumped sharply to 5 percent on Friday from 15 percent last week, Reuters is reporting. This followed the distribution of budget allocations to the different government agencies. It was gathered that the overnight placement had closed around 11.6 percent at the interbank on Thursday. Nigeria, Africa’s biggest economy, distributes revenue from its crude oil exports among its three tiers of government – federal, state and local. A total of 652.2 billion naira ($2.14 billion) in budget allocations was handed out by the state to its three tiers of government — federal,

By Modupe Gbadeyanka Commercial banks in Nigeria have been directed by the Central Bank of Nigeria (CBN) to file their foreign exchange returns in Dollar. This order was given on Thursday by the apex bank in a statement issued by its spokesman, Mr Isaac Okorafor. The CBN explained that this move became necessary following the insinuations in some quarters that the apex bank was involved in the sale of Dollar to customers. In the statement, the CBN maintained that it does not “deal directly with any bank customer on foreign exchange transactions, but stressed that such “transactions are consummated strictly

By Adedapo Adesanya Top courier and logistic service provider, Red Star Express Plc, has revealed that it intends to use proceeds from the sale of 336,855,291 units of the company’s shares through rights issue for expansion of its operations. Addressing the investing public, including Business Post on Thursday at the Nigerian Stock Exchange (NSE), Red Star Express said the four major things funds from the exercise would be used for include provision of trucks; development of warehouse facilities at Lagos-Ibadan Expressway and the Murtala Muhammed International Airport in Lagos; deployment of more improved technology; working capital of the company. The Group