Galaxy Backbone Requires N200bn for Broadband Connectivity

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

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 Nigeria plans to increase the net contribution of the telecommunications sector to the gross domestic product (GDP) by 22 per cent by the end of 2027. This is part of efforts announced by the Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, in the ministry’s 31-page Strategic Blueprint document titled Accelerating our Collective Prosperity through Technical Efficiency, seen by Business Post. In the document, the ministry noted that “As telecommunications continues to evolve in line with new technology and associated opportunities, it is critical to revamp our national approach to account for changing imperatives and

By Investors Hub The major U.S. index futures are pointing to a higher opening on Monday, with stocks likely to add to the gains posted last week. Early buying interest may be generated in reaction to strength in the overseas markets, as traders shrug off recent concerns about a global trade war. Traders may also continue to react positively to last Friday?s Labor Department report showing stronger than expected job growth in the month of June. A light day on the U.S. economic front may keep trading activity somewhat subdued, however, with traders look ahead to the release of reports

By Modupe Gbadeyanka The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has disclosed that Nigeria will need an economic model that can withstand several shocks. Speaking at the 19th National Council on Development Planning (NCDP) held last week at the Nigerian Air Force (NAF) Conference Centre and Suites in Abuja, she stated that the national economic plans performed below expectations as a result of lack of cooperation. But to change the tide, she submitted that the various governments at all levels must work together to come up with policies that would address the different issues that could

At a recent function in Abuja, the Managing Director/CEO of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, delivered a lecture where he revealed that there has been a consistent decline, over the past three years, in the recorded rate of successful fraud incidences, thefts and forgeries in the banking industry. Specifically, Ibrahim said such cases had declined by almost half, 48.12%, of the rate it was in 2015. In response to how the industry was able to achieve such impressive reductions, Ibrahim, while putting in perspective the key reason for frauds to help buttress his response, explained that

By Nkem Ndem Feeling lonely in Benin City? Do not be! Once in a while, it is nice to stop and take a moment for a little “You” time. There are actually a number of ways to have fun all by yourself without feeling like a loser. Check out Jumia Travel’s picks for some of the best activities you can do on your own in the city below. Visit a hotel bar Benin features a number of hotels that boast of fabulous bars and drinking joints. Rather than mope around, mix up your regular routine, track down one of the

By Dipo Olowookere Legendary Nigerian footballer and philanthropist, Nwankwo Kanu, is launching the biggest lotto in Africa to raise funds for the Kanu Heart Foundation (KHF) and help build a specialist cardiac hospital in Abuja. The KHF lotto offers a jackpot starting at N1 billion and will be run in conjunction with AfroMillonsLotto. It offers twice-weekly draws with bigger jackpots than all the lotteries in Nigeria combined, as well as being the largest jackpot anywhere in Africa. Twenty percent of every ticket sold will go directly to KHF to help it continue its work ensuring underprivileged children across Africa with

By Adedapo Adesanya Cross River State Government has secured a private sector investment of $15 million for the Ayip Eku Oil Palm Estate in Akamkpa Local Government Area of the state. This was announced by Governor Bassey Otu as he marked his 100 days in office. He noted that his administration plans to leverage the state’s comparative advantage in agriculture to provide the needed employment opportunities and also to guarantee food security. He said that in addition to the oil palm investment, the government had also developed a six-year duration N30 billion agriculture guarantee fund for rice, maize, fisheries, and

Ghana’s May Day is a public holiday honouring workers and their contribution to the country’s development. Central Region marked the occasion by holding a unique programme of celebratory events for the community at Saltpond Victoria Park in the Mfantseman Municipality. Lithium exploration and development company Atlantic Lithium Ltd. was a proud headline sponsor of the event, demonstrating its strong commitment to local community development through employment. Atlantic Lithium is advancing the Ewoyaa Project, a significant lithium spodumene concentrate discovery on track to become Ghana’s first lithium-producing mine. Over 95% of the company’s employees are Ghanaian, many of which are from

By Modupe Gbadeyanka Zenith Bank Plc says it will no longer go on with its plans to raise about N100 billion from the capital market through public hearing, rights issue or any other method deemed fit by the board in local or international market or combination of both. This comes barely 24 hours after shareholders at the company’s Annual General Meeting (AGM) in Lagos approved the board’s request to raise the amount to boost its operations. In a statement issued in Lagos on Thursday, Zenith Bank said it decided to suspend the exercise due to weak capital markets and struggling