NCC Expresses Readiness for 70% Broadband Penetration

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 The unveiling of Digital Innovation & Creative Excellence (DICE) on Wednesday, November 8, 2023, will be witnessed by critical stakeholders in the technology industry. DICE is an initiative of Beyond Limits in partnership with key stakeholders in the tech, business, and creative ecosystem. The company, established by an expert in the field, Ms Juliet Ehimuan, has themed the launching of the initiative as Solve for Africa: Co-Creating a Tech-Enabled Future. Those expected to grace the occasion include the Minister of Communications and the Digital Economy, Nigeria, Mr Bosun Tijani; the founder of MainStreet Technologies, Ms Funke Opeke;

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 Adedapo Adesanya The Ministry of Communications, Innovation, and Digital Economy on Friday opened the application process for the first phase of the three million tech talents training programme (3TTT). The programme is in line with President Bola Tinubu’s vision of creating 2 million digital jobs by 2025, which is aimed at building Nigeria’s technical talent backbone to power the country’s digital economy and position Nigeria as a net talent exporter. Business Post had reported earlier this week that Mr Bosun Tijani, the country’s Minister of Communications, Innovation, and Digital Economy, has said the target will be reached through three

By Ahmed Rahma Golden Agri Input Limited (GAIL), a subsidiary of a leading agro-allied company, Flour Mills of Nigeria, has partnered with an American company and global leader in agriculture technology, AgBiTech, to fight Fall Armyworm in the country. The partnership is to enable farmers in Nigeria, which has the largest maize acreage in Africa of 5 million hectares, have access to a biological tool known as Fawligen, that will protect their crops from severe injury and economic damage caused by the FAW infestation. Fawligen belongs to the new IRAC mode of action Group 31 (host-specific occluded pathogenic viruses). It

By Adedapo Adesanya It was a welcome party investors at the NASD Over-the-Counter (OTC) Securities Exchange were not expecting on Monday from the bears. This was because the unlisted securities market opened the new week in the bearish territory, losing 0.44 per cent at the close of business. This loss was inflicted on the NASD investors by two bellwethers, Central Securities Clearing Systems (CSCS) Plc and Nigerian Exchange (NGX) Group Plc. The duo ensured that the market capitalisation of the bourse was reduced by N2.87 billion to N652.58 billion from N655.45 billion and weakened the NASD Unlisted Security Index (NSI) by

By Modupe Gbadeyanka Three leading makers of 5G-enabled smartphones, Samsung, Tecno, and Infinix, will work with Airtel Nigeria to drive the adoption of the latest technology in the telecommunications industry. The GSM network provider has partnered with the companies as part of its commitment to enhance innovation, improve customer experience, and drive the adoption of 5G technology to transform various aspects of customers’ daily activities. According to the Chief Commercial Officer of Airtel Nigeria, Mr Femi Oshinlaja, the strategic partnership is not only to increase access to the latest technological advancements but also to encourage consumers to take advantage of

By Adedapo Adesanya Central Securities Clearing System (CSCS) Plc halted the back-to-back stalemates at the NASD Over-the-Counter (OTC) Securities Exchange but dragged it into the red by 0.01 per cent up on Thursday, October 20. The performance of the stock shrank the market capitalisation of the bourse by N50 million to close at N961.89 billion compared with the N961.94 billion it quoted at the previous session. Also, the NASD Unlisted Securities Index (NSI) dropped 0.o4 basis points to end the day at 730.69 points as against the 730.73 points it recorded at the previous session. CSCS Plc made a 1

By Dipo Olowookere The bilingual Francoreal Property Investment Summit taking place on October 16 & 17, 2018 in Dakar, Senegal is expected to provide a platform for the region and continent’s premier real estate investors and developers to gauge opportunities in one of the world’s fastest growing zones – known colloquially as Francophone West and Central Africa, organisers have said. Providing macroeconomic and currency stability; through the West African Monetary Union (UEMOA) regional block, this integrated and increasingly developed region has multiple competitive economic advantages according to the Chairman of BHCI, JD Diabira, the region’s first specialist commercial real estate

By Dipo Olowookere Japanese auto maker, Yamaha Motor, has exhibited its Clean Water Supply System, a compact system for water purification. Because the system does not require a powerful electric supply or special coagulant chemicals, it is simple to deploy and allows for easy maintenances for local residents to operate water supply stations themselves. Motorcycles providing practical and efficient transportation for vaccines and other items helping to improve African health and hygiene were also demonstrated at the fair, which was hosted by Japan’s Ministry of Economy, Trade and Industry and the Japan External Trade Organization. Yamaha Motor has been expanding

By Modupe Gbadeyanka Minister of State for Petroleum Resources, Mr Timipre Sylva, has disclosed that Nigeria, one of the major exporters of crude oil in the world, will work towards cutting the cost of producing the commodity, which stands at about $23 per barrel at the moment. Last week, the price of Brent Crude, under which Nigeria’s grade of oil is categorized, traded above $60 per barrel on the global market. The Minister, who made a maiden visit to the Department of Petroleum Resources (DPR) last Thursday, said his vision for the industry was to continue with implementation of the

By Adedapo Adesanya The Brent crude price fell on Thursday by 28 cents or 039 per cent at the global oil market to $71.16 per barrel, data showed. The fall was buoyed by a report from the International Energy Agency (IEA) that the spread of the Delta variant of the coronavirus would slow the recovery of global oil demand. This also had a negative effect on the price of the United States West Texas Intermediate (WTI) crude oil futures, which contracted by 32 cents or 0.46 per cent to $68.93 per barrel. The IEA’s latest oil market report said the