Monday Inferno Won’t Affect Our Numbers—CWG

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 Adedapo Adesanya The Minister of Communications, Innovation, and Digital Economy, Mr Bosun Tijani, has announced a N1 billion partnership between the ministry and IHS Towers, one of the largest independent communications infrastructure firms in the world, to establish the 3 Million Technical Talent (3MTT) Learning Community. The ministry earlier this month released a 31-page policy document titled Accelerating our Collective Prosperity through Technical Efficiency which outlined plans to boost the country’s economy through the use of technology. It said it would collaborate with other ministries and parastatals, including private sector stakeholders to drive opportunities for startups to facilitate the

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 Modupe Gbadeyanka Twenty contestants have been shortlisted for the next stage of the ongoing Goldberg Ariya Repete traditional music concert, after the quarterfinal which held at Democracy Park, Akure, Ondo State on Friday, July 7, 2017. The selected contestants who will perform at the semi-final scheduled for Friday, July 14, 2017 at the MKO Abiola International Stadium, Abeokuta, comprise 12 Fuji and 8 Juju artistes. Mr Funso Ayeni, Senior Brand Manager, Regional Mainstream Brands, Nigerian Breweries Plc congratulated the talented contestants for aspiring to become the future stars of Fuji and Juju music. The lucky contestants expressed their excitement

By Aduragbemi Omiyale The online stockbroking platform of a popular brokerage firm in Nigeria, Morgan Capital, iTrade, suffered a technical glitch on Tuesday. The situation prevented some investors from trading for a period of time until the issue was eventually resolved, Business Post gathered. Earlier in the day, Morgan Capital informed its clients that it was embarking on a system upgrade aimed to deliver quality service to them and this apparently caused the service disruption witnessed by some investors. “In a bid to serve you well and make our iTrade platform more secure and seamless, your most preferred stockbroking firm

By Dipo Olowookere Minister of State for Aviation, Mr Hadi Sirika, has explained that work on the runway of the Nnamdi Azikiwe International Airport in Abuja will take six months to complete, but stressed that the airport would only be closed for six weeks. Mr Sirika made this clarification while addressing the Senate on Thursday. The Minister explained that the Abuja runway was constructed in 1982 and has only a lifespan of 14 years, indicating that it has already exceeded its usage. He warned that to continue to operate the airport would be unsafe and unreasonable as there is a

By Adedapo Adesanya The federal government has said that it will not legalize artisanal refining of crude oil in the Niger Delta, describing it as criminal activities. This was one of the many talking points made by the Minister of State for Petroleum Resources, Mr Timipre Sylva while inspecting the ongoing rehabilitation of the Port Harcourt Refining Company in Eleme, Rivers State recently. There have been several calls by stakeholders in the Niger Delta region for the government to legalize artisanal refineries in the region, just the same way the government legalized artisanal gold mining in the North, under the

By Modupe Gbadeyanka As part of efforts to boost efficiency as a leader in the brewery industry, Guinness Nigeria Plc has announced the appointment of four directors, who resume work with immediate effect. A statement issued by the brewer said the appointees bring a solid combination of profound commercial and operational experience which would be instrumental in further repositioning the company as it navigates the current economic challenges in Nigeria to achieve sturdy growth and expansion. The newly appointed directors are Bola Olajomi-Otubu, Human Resources Director; Colman Hanna, Supply Chain Director; Adenike Adebola, Marketing and Innovation Director (Guinness and Spirits)

By Modupe Gbadeyanka The Nigerian currency, the Naira, closed on the first trading day of the week at N506 to a Dollar at the parallel market on Monday. The local currency opened the trading week at N506 per Dollar and remained stable for the whole of the day. At the tail end of last week, the Naira had first fallen to an all-time low of N503, but about 24 hours later, it crashed further to a fresh all-time low of N506 per Dollar at the black market. However, Business Post correspondent reports that while the Dollar was stable at the

By Bliss Okperan The Bill Gates Foundation has selected nine Nigerian health startups, along with 20 others from other parts of Africa, for a $50,000 equity-free grant to boost the healthcare supply chain on the continent. The nine Nigerian small firms were chosen as part of Investing in Innovation Africa (i3), a pan-African initiative for startups in the healthcare supply chain. The Nigerian companies which make up the second cohort include Famasi, Aimcare, Afia, Drugstore Nigeria, Healthtracka, Octosoft Technologies Limited, Pharmarun, Pharmaserv Health Project Nigeria Ltd, and Wella Health. The cohort includes startups that are building online pharmacies and telemedicine

By Ahmed Rahma Nigerians may begin to heave a sigh of relief as the Airtel Nigeria has commenced the enrolment of its subscribers for the National Identification Number (NIN). Since the federal government announced that mobile phone owners who failed to link their SIM cards with their NINs would be disconnected, things have not been easy for Nigerians who do not have NIN. At the various offices of the National Identity Management Commission (NIMC) across the country, the huge crowd has caused many to worry, especially because of the risk of being exposed to COVID-19. But many of them have