Lagos Restates Commitment to Vibrant ICT

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 Nigerian wireless internet service provider, Tizeti, has announced the securing of an unnamed senior debt facility from Chapel Hill Denham’s Nigeria Infrastructure Debt Fund that will be used to finance the rollout of its state-of-the art broadband network across 15 states in Nigeria. In a statement seen by Business Post, the company said it has been granted long-term financing by the investment company’s fund and will deploy the debt to build new internet infrastructure and purchase additional equipment to expand its services to Delta, Akwa Ibom, Cross River, Abia, Anambra, Imo, Enugu, Abuja, Kano, and Kaduna. Tizeti

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 Kehinde Ogundare In recent years, the global economy has faced and continues to face numerous challenges, including a pandemic, war, climate change, and inflation. Businesses have had to adapt and find new ways of working to tackle these challenges. Nigeria is no exception. According to the National Bureau of Statistics of Nigeria, the annual inflation rate accelerated to 24.08% in July 2023, the highest since September 2005. This has affected everything from electricity tariffs to transportation, all crucial to the performance of Nigerian enterprises. Fortunately, by adopting the right technologies and using them the right way, enterprises can ensure that they’re

By Dipo Olowookere The All-Share Index (ASI) of equities on the trading platform of Africa’s largest economy depreciated to its lowest level in 5 weeks on Monday after closing below the 28,000 psychological mark. Business Post reports that the benchmark indicator went down yesterday by 294.90 points to settle at 27,772.19 points in contrast to the previous session’s 28,067.09 points. The last time the ASI was in the 27,000 region was on January 7, 2020, when it ended at 27,586.93 points and moved to 28,562.48 points the next day after growing by 3.54 percent. It was observed that the market

By Omoshola Deji These are very abnormal times. The earth we laboured to build is shutting down before our eyes and we have no magic wand. Although we’ve faced several challenges in our lifetimes, overcoming them never made us thought something so disastrous could surface that would cause us to be still. Suddenly, the novel Coronavirus, otherwise called COVID-19, struck. It rose to pandemic and the earth stood still. We are striving not to perish, but have only made a tiny progress after a tired race. Who will save us from COVID-19, the viral virus? China struggled to restrain COVID-19

By Adedapo Adesanya Equities admitted on the NASD Over-the-Counter (OTC) Securities Exchange continued their stellar performances with another positive week-on-week performance after stretching their gains by 0.47 per cent in Week 46. Out of the 13 stocks traded in the week under review, five ended on the gainers’ table, while four finished on the losers’ chart, with four closing flat, according to data obtained by Business Post. The gainers were led by UBN Property Plc, which grew by 14 per cent to end at N1.55 per unit compared with the previous day’s N1.36 per unit, Aradel Holdings Plc rose by

By Adedapo Adesanya The Senate has ordered 59 federal agencies to return over N300 billion misappropriated funds into the federation account with a 60-day ultimatum. According to the upper chamber, the ultimatum covers all the money illegally spent by the erring agencies between 2013 and 2015 and they must be recovered and remitted into the treasury. This was sequel to the consideration of the report of the Committee on Public Accounts on the yearly report of the Auditor General of the Federation (AGF) on accounts of the federation for the year ended December 31, 2015 (Part Ii &1). The Senate

By Dipo Olowookere The board of Union Bank of Nigeria Plc has proposed to pay shareholders of the company a dividend for the year ended December 31, 2019. This is the first time the financial institution is intending to pay cash reward to its shareholders since 2008, when there was a global crash in the financial market. Business Post reports that subject to shareholders’ approval, the board of directors of Union Bank intends to pay a dividend of 25 kobo per share for the 2019 financial year. Today, the company filed its 2019 earnings to the Nigerian Stock Exchange (NSE)

By Adedapo Adesanya Some Nigerians are probing why President Bola Tinubu wants the National Assembly to approve N500 billion for palliatives to cushion the effects of fuel subsidy removal. In a letter addressed to the Speaker of the House of Representatives, Mr Tajudeen Abbas, at plenary on Wednesday, Mr Tinubu said, “I write to the House of Representatives to approve the amendment of the 2022 Supplementary Appropriation Act.” “The request has become necessarily important to, among other things, source funds necessary to provide palliative to mitigate the effect of the removal of fuel subsidy on Nigerians. “Thus, the sum of

By Dipo Olowookere President Muhammadu Buhari has warmly congratulated Nigeria’s team for an outstanding performance at the Paralympic games in Rio, Brazil. In a statement issued by his spokesman, Mr Garba Shehu, on Monday, President Buhari joined all sports-loving Nigerians in commending the athletes for doing the country proud by winning 12 medals and setting new records, which made them the top-performing African team at the 2016 games. Mr Buhari extoled the resilient spirit of the team who excelled in the face of adversity, applauding them further for their tenacity, focus and determination, which has brought glory to the country.

By Modupe Gbadeyanka Seven SIM card registration offenders have been convicted by courts in Abuja and Kano State after they were found guilty. They were convicted at the Grade 1 Area Court Nyanya, Abuja and the Senior Magistrate Court, Kano for offences bordering on violation of SIM registration laws in the country on September 4, 2020, and September 24, 2020, respectively. The offenders, Bako Joseph Boy, Umar Kabiru Abdullahi, Lawal Sani, Shamsuddin Aliyu, George Eze, Ayuba Ishak, and Kabiru Ali were convicted for various SIM card related offences. Specifically, the first convict, Bako Joseph Boy, was charged with the sale