Jubilation as 9mobile Expands 4G-LTE Coverage in Kaduna

By Aduragbemi Omiyale For the fifth consecutive year, Interswitch has received the ISO 22301 recertification for Business Continuity Management (BCM) after a rigorous surveillance audit process. A leading provider of audit and certification services in the field of information security and privacy, MSECB, served in the capacity of auditors for the certification process. The certification process involved rigorous audits and evaluations of Interswitch’s business processes, contingency plans, and disaster recovery capabilities. In a statement, Interswitch enthused that maintaining the ISO 22301 certification is a testament to its comprehensive approach to risk assessment, mitigation, and recovery planning. The achievement of the

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 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 Data and AI technology company, Flapmax, has announced 12 startups selected for the second cohort of the FAST Accelerator startup programme, created in partnership with Microsoft to help strengthen and scale Africa’s digital ecosystem. Following the conclusion of its 2-week Online Bootcamp, which saw 60+ tech companies participate in intensive online training with experienced mentors, FAST Accelerator’s cohort of 12 startups will progress to a 5-week comprehensive acceleration experience in Silicon Valley, California, starting in October. Speaking on this, Mrs Mame-Fatou Gueye, SME Program Manager, Microsoft Africa Transformation Office, said, “Microsoft believes that African startups and small

By Dipo Olowookere As part of efforts to advance market transparency, and enhance access to information about business and finance, policies and practices that impact inclusive economic growth and human development, the Bloomberg Media Initiative Africa (BMIA) and the Ford Foundation have awarded grants to 10 non-governmental organizations across Kenya, Nigeria and South Africa. A statement made available to Business Post on Thursday explained that the funds, awarded over two years, aim to elevate voices from local communities and further the development of citizen journalism and community reporting on financial and economic issues. It was stated further that the funding

By Adedapo Adesanya The presidential candidate of the Peoples Democratic Party (PDP), Mr Atiku Abubakar, has led a protest at the headquarters of the Independent National Electoral Commission (INEC) in Abuja. He led PDP leaders to the headquarters of the election umpire wearing black clothes in protest against the just concluded presidential election that saw the All Progressives Congress )APC) candidate, Mr Bola Tinubu, declared winner. Mr Tinubu scored 35 per cent of 24.97 million votes cast, 8,794,726 votes, beating Mr Abubakar and Mr Peter Obi of the Labour Party (LP). Mr Atiku polled a total of 6,984,520 votes in

By Dipo Olowookere Attacks by members of the Boko Haram terrorists group mainly in Baga and other towns in Borno State have left not less than 30,000 internally displaced persons (IDPs) to flee to the state capital, Maiduguri. This is already causing grave concern to the United Nations Humanitarian Coordinator in Nigeria, Mr Edward Kallon, who said something must be done quickly to stop this. There has been an upsurge in violence in the country’s north-east that has caused tens of thousands of innocent civilians to flee their homes. Clashes on December 26, 2018 between Nigerian government forces and non-state

By Modupe Gbadeyanka President of the African Development Bank Group (AfDB), Mr Akinwumi Adesina, has revealed that in 2017, the average GDP growth in Africa was 3.6 percent, up from 2.2 percent in 2016. According to him, last year, 18 African countries grew above 5 percent in 2017, and 37 others above 3 percent. Mr Adesina further disclosed the average GDP growth is projected to accelerate to 4.1 percent in 2018 and 2019. The AfDB boss rolled out these figures when the bank hosted the annual luncheon of diplomats accredited to Côte d’Ivoire in Abidjan on Tuesday. During the event,

The management of NIPCO Investments Limited has released update concerning the takeover bid of shares of Mobil Oil Nigeria Plc minority shareholders. The update was released to the Nigerian Stock Exchange (NSE) on Tuesday. “Further to the publication of Monday June 19, 2017 on the above captioned takeover bid of shares of minority shareholders in Nilobil Oil Nigeria Plc, kindly note that Acceptance forms can be obtained through the Registrar, GTL Registrars Limited, 266 l\4urtala Muhammed Way, Yaba, Lagos. “Please download the acceptance form through this link and Kindly also be informed that all executed Acceptance Forms must be forwarded

By Modupe Gbadeyanka The Oyo State government is planning to have a crucial meeting with area boys, cult groups and others in the state as part of efforts to put an end to incessant disruption of public peace. The Commissioner for Information, Culture and Tourism, Mr Wasiu Olatunbosun, said the meeting will involve the groups and security operatives in the state. Speaking on Thursday after a closed-door meeting with representatives of the militant groups, including Agbekoya, Odua People’s Congress, Vigilante Group of Nigeria, among others in Ibadan, the Commissioner said the move is to foster peace in the state. According

By Adedapo Adesanya A leading credit rating agency, Fitch Ratings, has affirmed African Export-Import Bank’s (Afreximbank) Long-Term Issuer Default Rating (IDR) at ‘BBB-‘ with Stable Outlook. Fitch also affirmed the bank’s Short-Term Issuer Default Rating (IDR) at ‘F3’ and senior unsecured debt at ‘BBB-‘. In a report, the agency noted that the Afreximbank’s ‘BBB-‘ rating was driven by the bank’s intrinsic features, including solvency and liquidity, both assessed at ‘a-‘. Despite the pressure on asset quality resulting from the COVID-19 crisis, the ongoing and expected capital increases support the resilience of the bank’s solvency. Afreximbank’s solvency assessment of ‘a-‘ reflects

By Dipo Olowookere The buying interest in Nigerian stocks continued on Friday and this increased the All-Share Index (ASI) by 0.52 per cent or 213.00 points to 41,176.14 points from 40,963.14 points. During the session, investors took special interests in equities in the insurance and consumer goods sectors and this expanded the market capitalisation of the Nigerian Stock Exchange (NSE) by N111 billion to N21.530 trillion from N21.419 trillion. As earlier stated, Business Post reports that bargain hunters pounced on insurance and consumer goods stocks and this caused their respective indices to rise by 4.14 per cent and 1.41 per