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By Adedapo Adesanya The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, has announced a plan to help Nigerian tech startups raise a total of $5 billion yearly in funding rounds by 2027. He disclosed the plan in the ministry’s 31-page Strategic Blueprint document titled Accelerating our Collective Prosperity through Technical Efficiency, released and seen by Business Post on Monday. Mr Tijani said the ministry’s primary objective is to stimulate the growth and sustainability of startups, with a specific focus on developing innovative solutions for critical sectors of the economy. “Recognising the critical role of patient capital in the

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 Adedapo Adesanya Stakeholders in the tech industry have advocated more investments in resources to boost the training of Nigerian youths in digital technology skills. This call was made by some top speakers and panellists at Tekifest’23, a coming together of tech minds focused on exploring the future of work, technology, innovation, and tech excellence, which took place on November 29 at The Zone, Gbagada in Lagos. Organised by Tekisite, the non-profit organization dedicated to training teenagers in digital technology skills in suburban communities, the event themed The Future Of Jobs: Talent Pipeline Investment hammered the need to take advantage

By Adedapo Adesanya  Seplat Energy Plc has disclosed that it remains committed to purchasing ExxonMobil’s Nigerian assets, with its sight set on completing the deal that the administration of former President Muhammadu Buhari halted. The oil company hopes President Bola Tinubu, sworn in a month ago, will adopt a different approach than his predecessor, Mr Buhari, who reversed an initial decision to approve the transaction. “We’re still interested in the assets,” Seplat Chief Executive Officer Roger Brown said in an interview at the firm’s UK offices. “We still like the company we’re buying. We think it’s a game-changing operation.” Under

By Modupe Gbadeyanka The foreign exchange ban earlier placed on the importation of 41 items by the Central Bank of Nigeria (CBN) has finally been removed. The apex bank said in a circular that importers intending to bring any of the listed 41 items into the country will now have up to $20,000 allotted to them per quarter. In 2015, the central bank, as a way of savaging the Naira and encouraging local manufacturers, placed an embargo on the importation of rice, furniture, soaps, toothpicks, cosmetics, cement, private jets, steel products, plastics and rubber, margarine, palm kernel/palm oil products/vegetables oils, meat and

By Modupe Gbadeyanka Professor Umar Garba Danbatta has been removed as the executive vice chairman and chief executive of the Nigerian Communications Commission (NCC). The NCC chief was removed from the position by President Bola Tinubu and replaced with Mr Aminu Maida, who is expected to take charge with “immediate effect.” A statement signed on Wednesday by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, also said that Mr Tinubu has approved the appointment of Tola Odeyemi as the Postmaster-General/CEO of the Nigerian Postal Service (NIPOST), replacing Mr Adepoju Sunday. Further, he has appointed Ms

By Dipo Olowookere The first trading session on the floor of the Nigerian Exchange (NGX) Limited ended on a negative note on Monday, losing 0.29 per cent on the back of sell-offs by investors. Though the consumer goods and banking sectors came under buying pressure, which made them rise by 1.06 per cent and 0.04 per cent respectively, the selling pressure in energy, insurance and industrial goods counters, which caused them to fall by 0.24 per cent, 0.16 per cent and 0.07 per cent respectively, caused the exchange to close lower yesterday. At the close of business, the All-Share Index

By Modupe Gbadeyanka The owner of the building that collapsed in the Mushin area of Lagos State and others would be “severely punished,” the state government has promised. On Friday, it was reported that a 3-storey building on 2/4 Oye Sonuga Street, Palm Avenue, Mushin, Lagos collapsed, killing four people and injuring others. In a statement issued yesterday, the new Commissioner for Physical Planning and Urban Development, Mr Omotayo Bamgbose-Martins, said the state government would go after whoever is indicted in the incident, hinting that an investigation has commenced to unravel what happened. During a visit to the scene of

A no-credit-check loan is a type of loan where the lender performs a soft credit check on the borrower instead of a hard credit check. That is a win, especially during emergencies, since you get the money approved faster. This type of loan also applies if you have poor credit or no credit. Its main advantage is that it helps you avoid one of the most challenging obstacles when it comes to borrowing – the hard credit check. There are typically a few lenders who are prepared to offer same-day loans with no credit check. One of the reasons could

**Legal Expert Says Bank Can Take Action Against Peddlers The Bank Customers Association of Nigeria (BCAN) late Sunday detested in unequivocal terms the attempt by some social media commentators and publishers to disparage the image of the First City Monument Bank (FCMB) in the face of the ongoing controversies over alleged extra-marital affairs of the bank’s Managing Director, Mr Adam Nuru, describing the act of the commentators as unjustifiable. The National President of the umbrella body of bank customers in Nigeria, Dr Uju Ogubunka, in a chat with BRTNews.ng, condemned the ongoing efforts of some agents on social media platforms

By Adedapo Adesanya The steady losses recorded by the Central Securities Clearing Systems (CSCS) Plc contributed to the negative outcome of the NASD Over-the-Counter Securities Exchange in the 37th week of trading in 2020. During the week, both the NASD Unlisted Securities Index (NSI) and market capitalisation depreciated by 0.23 per cent as a result of the performance of CSCS, which is one of the market’s bellwethers. The NSI fell by 1.67 points to close the week at 712.54 points compared with the previous week’s 714.21 points. In the same vein, the market capitalisation of the NASD declined by N1.23