NCC To Fine nTel, Airtel, Others Over Unsolicited SMS

By Adedapo Adesanya Stakeholders in the tech industry have advocated more investments in resources to boost the training of Nigerian youths in digital technology skills. This call was made by some top speakers and panellists at Tekifest’23, a coming together of tech minds focused on exploring the future of work, technology, innovation, and tech excellence, which took place on November 29 at The Zone, Gbagada in Lagos. Organised by Tekisite, the non-profit organization dedicated to training teenagers in digital technology skills in suburban communities, the event themed The Future Of Jobs: Talent Pipeline Investment hammered the need to take advantage

By Modupe Gbadeyanka Salesforce and Amazon Web Services (AWS) have expanded their strategic partnership, deepening product integrations across data and artificial intelligence (AI). The new and enhanced integrations will include streamlining purchasing options for customers via the AWS marketplace, enhancing customer experiences through unified data management, empowering developers with new AWS compute and development services, securely bringing AWS data and AI services to Salesforce’s Einstein 1 Platform, and ensuring seamless customer service with service cloud and Amazon connect. It was gathered these features will enable customers to seamlessly and securely manage their data across Salesforce and AWS, and safely and

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 Ashemiriogwa Emmanuel Manufacturer of car care, household, lubricants, hotel amenities and sanitiser products in Nigeria, Lanre Bhadmus Industries Limited, has reiterated its commitment to providing high-quality products and services for its consumers. The company, which also prides itself as being a top in contract packaging with giant-sized types of machinery, recently celebrated 50 years in business as well as a key player in the Nigerian manufacturing sector. About a week ago, the organisation received the Quality Product Service Award from the Institute of Oil & Gas Research and Hydrocarbon Studies for its Holts Dextron 11 ATF lubricant product. Speaking

By Dipo Olowookere The trio of FBN Holdings, GTCO and Sterling Bank contributed 45.85 per cent and 30.63 per cent to the total trading volume and value of shares transacted on the floor of the Nigerian Exchange (NGX) Limited last week. In the week, the three companies traded 638.3 million shares worth N8.5 billion in 4,116 deals. According to data from the exchange, investors exchanged 1.4 billion shares worth N27.9 billion in 19,990 deals in the five-day trading week in contrast to the 1.5 billion shares worth N20.9 billion transacted in 20,410 deals a week earlier. A breakdown showed that

By Adedapo Adesanya The Naira appreciated by 14 kobo or 0.04 percent at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Wednesday, June 10. The domestic currency, which was previously sold at N387.08/$1 at the market window, was traded yesterday at N386.94/$1. The strengthening of the Nigerian currency happened despite the pressure on it yesterday as a result of an increased demand for forex from customers. During the midweek trading session, transactions valued at $62.28 million were recorded at the investors’ segment compared with the $31.81 million achieved on Tuesday, indicating a 96 percent or

By Dipo Olowookere A total of 11 companies listed on the Nigerian Stock Exchange (NSE) have been sanctioned and asked to pay fines to the tune of N48 million in the first eight months of this year. Most of the infractions committed by the affected firms were on the late submission of their financial statements to the exchange for the use of the investing public. According to data obtained by Business Post from the NSE over the weekend, the first company to get into the book of wrongdoers was Access Bank Plc. The lender was slammed with a fine of

By Adedapo Adesanya Crude oil prices skyrocketed on Thursday morning after Russia finally invaded Ukraine, with Mr Vladimir Putin asking the Ukrainian forces to lay down their arms. Over the past few days, there have been fears that Russia was planning to enter Ukraine but the country has constantly played down an invasion, saying the warnings were anti-Russian hysteria. In the early hours of today, this became a reality as rockets hit some parts of Ukraine, causing the price of crude oil to rise in the global market. The Brent crude hit $102.42 per barrel this morning, with the United

By Ebitonye Akpodigha One Uduak Etim Thompson, leader of a notorious militant group called Bakasi Strike Force in Calabar, Cross River State, has been apprehended by the Nigerian Navy. The Nigerian Navy disclosed in a statement that Mr Thompson was arrested on Wednesday night along with other Niger Delta criminals. Among crimes said to be perpetrated by the militants are attack on market women and other traders, siphoning of crude oil and destruction of pipelines. A statement signed by Commodore Christian Ezekobe, Director of Navy Public Relations said, “As part of efforts to eliminate unwholesome activities perpetuated by criminals in

By Adedapo Adesanya Nigeria has granted its first exploration licence, a Petroleum Exploration Licence (PEL), to TGS-PetroData Offshore Services Limited (TGS-PD) two years after the Petroleum Industry Act (PIA) was signed. The Nigerian Upstream Petroleum Commission (NUPRC) said this was in compliance with the provisions of Section 71 (1) – (10) of the Act (PIA) signed by former President Muhammadu Buhari in August 2021. The PEL, it said, is the first under the PIA 2021 and is under the licence agreement which the commission and TGS-PD executed for a Geophysical Survey Project for the acquisition of about 56,000 square kilometres

By Kester Kenn Klomegah After the first Russia-Africa summit held in Sochi, authorities have been moving to build on this new chapter of Russia’s relations with African countries. As set in the joint declaration, the two sides have outlined comprehensive goals and tasks for the further development of Russia-Africa cooperation in significant areas including science and technology. Business interest in Africa is steadily increasing and Russian companies, among them Rosatom, are ready to work with African partners. It is largely acknowledged that energy (construction and repair of power generation facilities as well as in peaceful nuclear energy and the use