Facebook CEO Meets Developers In Lagos

By Modupe Gbadeyanka On Wednesday, October 11, 2023, stakeholders within the telecoms and ICT ecosystem gathered at Fraser Suites in Abuja to discuss Modernization and Digitization, the theme of an event organised by Airtel Nigeria. The Director of Airtel Business at Airtel Africa Plc, Mr Luc Serviant, while addressing the participants, emphasised the company’s commitment to fostering collaboration and partnerships that drive progress and innovation. He highlighted Airtel Nigeria’s dedication to endowing the public sector through cutting-edge technologies, enabling transformative change on a national scale. “At Airtel, we are happy to discuss connectivity, innovation & technology, digital pillars, cloud security,

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

On Wednesday, Google rolled out its Search Generative Experience (SGE) in the SSA region as an opt-in experiment in Search Labs. This AI-powered experience is available in English. With new breakthroughs in generative AI, Google is reimagining what a search engine can do and is bringing these powerful new capabilities to Search in a bold and responsible way. This powerful new technology can unlock entirely new types of questions that Search could not previously answer and transforms the way information is organized in Search to help people sort through and make sense of what’s out there. Improving Search with generative

An online inspirational magazine reputed for capacity building, Women of Rubies, has concluded plans to empower some women in the grassroots. The publication, which runs a weekly column on Guardian newspaper, says it is providing a platform for women in the society to meet and share ideas among themselves. Also, they would be equipped with the necessary materials to excel with so as to support their families and create better futures for their children. According to the founder/Editor-in-chief of Women of Rubies, Esther Ijewere-Kalejaiye, this initiative comes in the form of workshops to be organised in centres in Lagos. Mrs

By Dipo Olowookere Last week, a total of 1.195 billion equities worth N12.924 billion were bought and sold in 19,305 deals at the Nigerian Exchange (NGX) Limited in contrast to the 914.443 million equities valued at N15.263 billion in 18,021 deals a week earlier. Shares of Sterling Bank, Fidelity Bank and Access Holdings were the most attractive in the five-day trading week, recording 540.056 million units worth N1.499 billion in 2,179 deals to contribute 45.18 per cent and 11.60 per cent to the total trading volume and value respectively. A further breakdown showed that financial stocks led the activity chart

By Adedapo Adesanya After reports went rival on Monday morning that it was considering exiting the Nigerian market, the management of Shoprite Nigeria has said it does not intend to pull the plug on its operations in the country. According to a report by Vanguard Newspaper, this clarification was made by the Country Director for Chastex Consult, Mr Ini Archibong, who said the retail giant was not considering the widely reported plan to exit Africa’s largest market. According to the Director of the consulting firm, “Shoprite is not leaving Nigeria. “We have only just opened to Nigerian investors which we

By Adedapo Adesanya The African Development Bank (AfDB) has debarred two Nigerian companies; Bluestream Systems and Device Limited and Beulah Universal Link Resources Limited, from any of its financed projects over alleged fraudulent practices on their bids. It was noted that the companies were joint-bidders vying for the Urban Water Supply and Sanitation Improvement Project in Oyo State that was funded by the AfDB. Upon discovery of infractions by the bank’s Office of Integrity and Anti-Corruption, which handles investigation into unfriendly practices, AfDB ordered the exclusion of both companies from any financed projects and other projects funded by both local

By Kayode Awojobi I was privileged to be amidst some people recently and in my typical way of introducing myself, I mentioned my name and added that I hail from Okeho, an integral part of Oke-Ogun. To my chagrin,  one of those present asked me if the town I just mentioned is part of Nigeria, but I made it known to him that Oke-Ogun is part of the present day Oyo State and he eventually made it known that he has never heard of my very own town and the region. Is Oke-Ogun really a part of the current government

By Adedapo Adesanya The Naira depreciated against the US Dollar in the Investors and Exporters (I&E) window of the foreign exchange market on Wednesday, May 10, trading at N463.02/$1. According to data obtained from FMDQ Securities Exchange, this indicated that the local currency recorded a 77 kobo or 0.17 per cent loss as it was transacted on Tuesday at the spot market at N462.25/$1. It was observed that the Nigerian currency came under pressure yesterday as a result of a significant increase in the demand for forex at the official market. The turnover for the trading session was $178.68 million,

By Dipo Olowookere The nation’s stock market rebounded by 0.26 per cent on Wednesday after going down by 0.71 per cent on Monday, which was the last trading session as the exchange was closed on Tuesday for a public holiday in Nigeria. Investors were in high spirits yesterday when they returned to the market and this reflected in the level of activity as the trading volume rose by 47.47 per cent to 499.5 million stocks from 338.7 million stocks, the trading value increased by 25.16 per cent to N5.1 billion from N4.1 billion, while the number of deals grew by

By Adedapo Adesanya Over 80 million Nigerians are living in poverty, latest data from the National Bureau of Statistics (NBS) has shown on Monday. According to the country’s official statistical authority, a total of 82.9 million Nigerians, representing about 40 percent, live in Africa’s largest economy and most populous nation. This was contained in a report titled “the Nigerian Living Standards Survey (NLSS)” in the country about poverty and inequality and samples data from September 2018 to October 2019. The survey is used to measure prevalence of poverty and to estimate a wide range of socio-economic indicators including bench-marking of