Honor 8 Smartphone Hits Market

By Aduragbemi Omiyale If urgent steps are not taken, Nigeria’s telecommunications industry, believed to be worth about $75.6 billion, could be at risk because of the widening skills gap. This was the submission of a renowned telecoms policy enthusiast, Mr Omobayo Azeez, at the just-concluded second edition of the Nigerian Telecommunications Indigenous Content Expo (NTICE 2023) organised in Lagos by the Nigerian Communications Commission (NCC). In his keynote address on Bridging Skills Gap to Accelerate the Indigenous Telecoms Development, Mr Azeez argued that the rising skills gap in the country was becoming a challenge to the sector. He posited that

By Adedapo Adesanya WhatsApp has announced that its latest update will allow users to share Higher Definition (HD) photos through the messaging app. According to an announcement shared by Meta CEO, Mr Mark Zuckerberg, on his Instagram broadcast channel and via a Facebook post on Friday, the HD photos feature is rolling out to global users over the next few weeks, followed by support for HD videos. The feature, which allows users to preserve the high-def resolution of the photos they share with friends and family, was previously in beta testing with select users. To access the new feature, users

By Adedapo Adesanya X, formerly known as Twitter, has announced plans to introduce voice and video calls to the platform. This is the latest move by the billionaire owner, Mr Elon Musk, to turn his app into what he calls an “everything app” modelled after China’s super app, WeChat. These features, when introduced, would place X in direct competition with WhatsApp, Telegram, and other social media apps offering the same services. Making its features unique, Mr Musk said users would not need phone numbers to make calls on X. According to the Twitter owner, the features would work on different

By Adedapo Adesanya The chief executive officer of CCHUb, Mr Bosun Tijani, has been appointed to head a newly structured ministry as he will now become Nigeria’s Minister of Communications, Innovation and Digital Economy. He is part of a list of 46 successful ministerial candidates that will form President Bola Tinubu’s cabinet. The 46-year-old investor will be charged to carry out policies to support the Nigerian tech ecosystem as well as improve the country’s digital goals and innovation. Speaking on his appointment, Mr Tijani noted that “It’s an exciting time to build a bigger and better future for all Nigerians.

By Dipo Olowookere The management of Ibadan Electricity Distribution Company (IBEDC) Plc has felicitated with its esteemed customers and all Muslim faithful on the celebration of Eid-el- Kabir. In a goodwill message, the Chief Operating Officer (COO) of the energy company, Engr. John Ayodele, said his organisation will ensure that its services are not disrupted by the celebration. According to him, the technical crew members are available to rectify any faults that may arise during this period, saying “customers can reach us via our customers care lines, 0700123999, or email [email protected] through the holidays to make enquiries or report faults.”

By Adedapo Adesanya The Nigerian Shippers Council (NSC) has sought the cooperation and collaboration of shipping companies to drive efficiency, transparency and effectiveness of port processes. The Executive Secretary and Chief Executive Officer of the Council, Mr Emmanuel Jime, disclosed this when he led the agency on a courtesy visit to Maersk Line and Mediterranean Shipping Company (MSC) in Lagos, urging the operators to ensure the continuity of the robust relationship they are having with NSC. The NSC boss wants the shipping companies to operate and conduct their operations within the regulatory framework of the council. Mr Jime said they

By Adedapo Adesanya The African Development Bank (AfDB) Group has announced the debarment of Burmeister & Wain Scandinavian Contractor for a period of 21 months, for engaging in sanctionable practices in a power generation project financed by the Bank in Mauritius. In a statement released on Monday, June 8, the Abidjan-based regional bank noted that in 2014 and 2015, Burmeister & Wain participated in tenders for the redevelopment of the Saint Louis power plant in Mauritius, a project financed by the bank. Following an investigation conducted by the bank’s Office of Integrity and Anti-Corruption, it concluded that it is more

By Dipo Olowookere The parent company of Nestle Nigeria Plc, Nestle S.A., has announced its intention to commence a new share buyback program of up to CHF 20 billion as announced on October 17, 2019. A statement issued by the Switzerland-based organisation said it plans to begin repurchases on or after Friday, January 3, 2020 and should complete this by the end of December 2022. The statement obtained by Business Post disclosed that the volume of monthly share buybacks will depend on market conditions. “Should any extraordinary dividend payments or sizeable acquisitions take place during this period, the amount of

By Aduragbemi Omiyale Nigerians can now begin to enjoy quality kitchen services courtesy of Honeydrop, a premium digital kitchen brand developed to meet the need for high-quality meals for discerning individuals and corporate organizations that appreciate good and hygienically prepared meals. The company, which came into existence with the intention to disrupt the Nigerian quick digital kitchen scene, has promised its customers top-notch services that will leave them craving for more. Already, the organisation’s various channels for order placement have gone live, including the e-commerce platform (www.honeydropng.com), WhatsApp (07014007540), e-mail ([email protected] or cont[email protected]) as well as social media handles (honeydrop_ng)

By Investors Hub Asian stocks ended mixed on Wednesday as oil prices surged and investors braced for an increase interest rates by the Federal Reserve. Japanese markets were closed to mark the first day of spring in the Northern Hemisphere. China’s Shanghai Composite Index dropped 9.05 points or 0.3 percent to 3,281.59, while Hong Kong’s Hang Seng Index fell 135.41 points or 0.4 percent to 31,414.52. Meanwhile, Australian shares ended higher in thin trading ahead of the Federal Reserve decision on interest rates and guidance. The benchmark S&P/ASX200 Index rose 13.90 points or 0.2 percent to 5,950.30 and the broader

By Modupe Gbadeyanka President Muhammadu Buhari says his administration will fortify its ties with the Islamic Development Bank (IDB) to fund critical projects in health, water and the infrastructure sector. Mr Buhari made this known on Monday in Abuja when he received President of the IDB Group, Dr Ali Madani, at the State House. President Buhari commended the bank for supporting several developmental projects across the country and said the Federal Government will continue to support for the institution. He acknowledged that the bank has funded several people-oriented projects in Osun, Kaduna, Jigawa, Niger, Katsina, Kano and Ebonyi states, demonstrating

By Kestér Kenn Klomegâh During the International Parliamentary conference Russia-Africa held March 19-20 in Moscow, Russian President Vladimir Putin, in a speech at the plenary session, reminded African parliamentarians that the partnership between Russia and African countries had gained additional momentum and is reaching a whole new level. He said the current geopolitical changes present an opportunity to build on the strong momentum in boosting economic cooperation. “We are ready to shape the global agenda jointly, strengthen fair and equal interstate relations, and improve mechanisms for mutually beneficial economic cooperation. Thanks to our assistance, many industrial enterprises have been built