MTN Nigeria Test Runs 5G Network in Abuja

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 After a three-year hiatus, the National Agency for Science and Engineering Infrastructure (NASENI) has moved to restart the Delta-2 project, a technology transfer programme between Nigeria and the Czech Republic. The Nigerian agency and its Czech equivalent, the Technology Agency of Czech Republic (TA-CR) signed a Memorandum of Understanding in 2014 in Prague on critical areas of technology transfer and innovations, which resulted in the co-funding of the Czech-Nigeria Bilateral R&D project on the Delta-2 Programme. The programme started in 2020 but got stalled. Now, NASENI, in a statement, said the project may soon continue as the

By Adedapo Adesanya The Nigerian Communications Commission (NCC) changed the numbering format for fixed lines from January 1 next year. The agency said the fixed-lines numbering format will no longer be eight digits but would be 10 digits, with the addition of the 02 prefix before the existing fixed number. This change is totally different to the existing mobile numbering format. The decision is in keeping with its responsibilities under the enabling law, the Nigerian Communications Act (NCA) 2003, to manage Nigeria’s numbering resources, according to Mr Reuben Muoka, the Director of Public Affairs at the NCC, in a statement.

By Adedapo Adesanya The unlisted securities bourse depreciated by 0.45 per cent on Tuesday following the price decline suffered by Central Securities Clearing Systems (CSCS) Plc. It was the first time the NASD Over-the-Counter (OTC) Securities Exchange was tasting a defeat this week and it was compounded by the mixed feelings investors had during the trading session. Business Post reports that the NASD Unlisted Security Index (NSI) went down by 3.39 points yesterday to wrap the session at 745.23 points compared with 748.62 points of the previous session. Also, the market capitalisation, which measures the total value of stocks on

By Ashemiriogwa Emmanuel The Nigerian Export Promotion Council (NEPC) has tasked exporters in the country to explore e-commerce to boost Nigeria’s non-oil export sector and reach global markets. The Regional Coordinator, South West, NEPC, Mr Samuel Oyeyipo, made the call while speaking at a sensitization workshop organized by the agency in Lagos themed Earn Dollars by Selling on Amazon. Speaking on the situation caused by the global pandemic on Nigerian export businesses, Mr Oyeyipo cited that conditions have necessitated exporters to think out of the box to ensure continuity in their businesses. He explained that taking advantage of e-commerce would

By Opeyemi Dabiri On October 4, 2021, one of the fastest-growing financial service providers in Nigeria, Titan Trust Bank Limited, celebrated two years of its existence. Established with a mission to take advantage of the identified gaps in the banking sector and address the unmet needs of the retail mass market, SMEs and corporates, Titan Trust Bank, has continued to provide seamless banking experience, accurate and relevant information to its customers. The management team led by seasoned bankers, Mudassir Amray, the group managing director/CEO, and Adaeze Udensi, PhD, executive director, in the last two years, has been able to position

By Dipo Olowookere Two organisations have come together to strengthen digital technology among young Africans through the provision of training opportunities. The parties involved, Orange and OpenClassrooms, are already working to launch training centres that will provide online courses to beneficiaries via OpenClassrooms. To rise to the challenge of the digital revolution in Africa, students and teachers alike need to be trained in the new technology. There are two objectives for countries in Africa: to use digital technology to boost growth, and to focus on new sectors of business that create jobs. In both cases, it is essential to train

By Adedapo Adesanya The headline inflation rate in Nigeria increased to 11.24 percent (year-on-year) in September 2019 from the 11.02 percent it recorded in August 2019, data from the National Bureau of Statistics (NBS) revealed on Tuesday. Business Post reports that the inflation jumped by this higher margin as the effect of the border closure by federal government as well as stringent economic policies continue to bite hard on the nation, causing prices of goods and food items to rise at the market. According to the stats office, the consumer price index (CPI), which measures inflation, rose in the period

By Modupe Gbadeyanka CardinalStone Securities Limited, a wholly owned securities trading subsidiary of CardinalStone Partners Limited, a full-service investment banking firm and financial services company with diverse domestic and foreign clientele, has expressed delight at winning an award at the recently-concluded Nigerian Exchange (NGX) Limited’s Made of Africa (MOA) Awards. At the ceremony held in Lagos, which had in attendance various stakeholders in the capital market, the company was named the winner of the Best Trading License Holder Across Asset Classes. The firm was recognised for being the highest rating in terms of quality and completeness of documentation for listing

By Modupe Gbadeyanka Governor Abiola Ajimobi of Oyo State has rubbished claims that he has lately been diverting money from government’s coffers. An aide to the Oyo State Governor-elect, Mr Seyi Makinde, had accused the Mr Ajimobi-led administration of siphoning funds from government’s purse so as to cause financial crisis for him when he eventually takes charge on May 29, 2019. Mr Makinde defeated candidate of Mr Ajimobi’s All Progressives Congress (APC), Mr Adebayo Adelabu, in the March 9, 2019 gubernatorial election in Oyo State. Reacting to the allegation, Commissioner for Information, Culture and Tourism in Oyo State, Mr Toye

By Modupe Gbadeyanka Performance across sectors of the Nigerian Stock Exchange (NSE) was mixed in the last trading week, which ended on Friday, July 7, 2017. The All-Share Index (ASI) and the market capitalization depreciated by 1.99 percent and 2.31 percent to close the week at 32,459.17 and N11.187 trillion respectively. Similarly, all other Indices finished lower during the week with the exception of the NSE Insurance and the NSE Industrial Goods Indices that appreciated by 1.10 percent and 0.22 percent while the NSE ASeM index closed flat. During the week, a total turnover of 1.061 billion shares worth N12.295