NCC Resolves 99.2% of Telecom Consumer Complaints in Q1 2021

By Aduragbemi Omiyale A new data centre business known as Nxtra by Airtel has been unveiled by Airtel Africa Plc, with Mr the former head of Global Data Centre Portfolio Management at Amazon Web Services, Mr Yashnath Issur, appointed to lead the new organisation. Mr Issur is armed with about 16 years of experience in the industry and has, over the past year, built a team of experts to execute the strategy. Business Post gathered that Nxtra was established to meet Africa’s growing needs for trusted and sustainable data centre capacity and to serve the fast-growing African digital economy. The

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

In a captivating dialogue at the annual conference tagged Art of Technology Lagos 5.0, held at Landmark Event Centre Lagos, on Thursday, 7 December 2023, Opeoluwa Filani, General Manager, Showmax Nigeria, took the stage to offer insights into the rapidly evolving landscape of Africa’s creative economy. The annual tech conference, curated by the Eko Innovation Centre and sponsored by the Lagos State Government, explored the symbiotic relationship between creativity and technology. As the lead discussant of the first plenary session themed Monetization of the Creative Economy Leveraging Technology, Filani noted that the combination of creativity and technology presents a vision

By Adedapo Adesanya Leading global provider of technological solutions YNV Group, through its cybersecurity brand, Cytek, has advocated that stakeholders in the financial services sector prioritise cybersecurity and highlighted key strategies for resilience at a recently hosted webinar for the industry. The session which was held on November 22, was themed Ensuring Cybersecurity Resilience in Financial Services Companies in Nigeria, and served as a pivotal platform for fostering collaboration and knowledge exchange in the sector. Led by cybersecurity experts in the industry, the webinar analysed some of the pressing challenges and emerging threats faced by financial services companies in Nigeria while

By Dipo Olowookere The federal government has described the current debt levels of Nigeria as comparatively good, noting that the major worry, for now, is how to diversify the economy to increase the revenue sources. Last week, the Governor of Edo State, Mr Godwin Emefiele, shocked many Nigerians when he said the nation was currently undergoing a huge fiscal crisis. He said the federal government printed N60 billion to share to the state governments in March 2021 when the revenue generated in February was not enough to meet the demands of the other tiers of government. This sparked reactions from

By Modupe Gbadeyanka The Senate has expressed satisfaction with the policy direction of the Central Bank of Nigeria (CBN) especially as regards getting Nigeria out of recession. Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Mr Rafiu Ibrahim, while addressing reporters on Tuesday, said so far, the apex bank has shown it was capable of restoring the fortunes of the country, which is presently finding its way out of economic crisis. Mr Ibrahim, after a meeting of the Senate with the CBN Governor, Mr Godwin Emefiele, said the upper legislative chamber of the National Assembly will continue to

By Dipo Olowookere The Lagos office of the Development Bank of Nigeria (DBN) has now been opened with a view to providing sustainable financing to those in the Micro, Small and Medium Enterprises (MSMEs) sector of the economy. The new office, located on Idejo Street in Victoria Island, was commissioned at the weekend and would service Participating Financial Institutions (PFIs) domiciled in the metropolis. “We have realised the need to bring the business closer to the PFIs that are supposed to benefit from our services here in Lagos. “The Lagos operations will accelerate our engagement with the PFIs and facilitate

By Modupe Gbadeyanka The 42nd Annual General Meeting (AGM) of Shelter Afrique slated for May 2023 will take place in Abuja, Nigeria, the shareholders have agreed. This follows the signing of the host agreement at the end of July between Shelter Afrique and the Federal Government of Nigeria in Victoria Falls, Zimbabwe during the 41st AGM. According to the pan-African housing development financier, the yearly shareholders’ gathering will cover an annual symposium, a ministerial roundtable and some interlinked business activities as part of the proceedings. Nigeria is expected to ensure effective organisation and success of the meetings by undertaking to

By Modupe Gbadeyanka Journalists, filmmakers, content creators and others interested in receiving funding support of up to $30,000 have been asked to partake in the Tony Elumelu Storytellers Fund created by a group known as Africa No Filter. A statement issued by the organisation disclosed that the money would be given to emerging artists and storytellers, whose work shines a light on entrepreneurs and entrepreneurship in Africa. It was stated that the Tony Elumelu Storytellers Fund is a standalone initiative and extension of his commitment to catalysing a redefined African success story, powered by Africa’s youth and their creative ideas.

By Kester Kenn Klomegah Russian Aluminium, a leading global aluminium producer, announced early February that its representative office in Guinea was awarded the Guinea Best Company Awards for its contribution to the fight against COVID-19 and socially responsible policy during the pandemic. Since 2010, the Guinea Best Company Awards have been presented annually by the Think Tank of COPE-Guinée (Coordination of Guinean non-governmental organisations for the promotion of excellence) to 50 enterprises in Guinea and West Africa that have demonstrated significant achievements across various fields such as industry, economics and public life. Assessing the results of 2020, the COPE-Guinée named

By Dipo Olowookere The Central Bank of Nigeria (CBN) on Wednesday sold treasury bills worth about N180 billion to investors at the primary market despite receiving offers worth more than it auctioned. The apex bank went to the market yesterday with a total of N179.75 billion T-bills auctioned in three maturities, but subscriptions valued at N376.78 billion were received. Business Post observed that during the exercise, investors were more interested in the longer tenor than others and it got the most subscriptions. At the PMA, the bank auctioned N3 billion worth of the 91-day bill, N8.39 billion worth of the

By Dipo Olowookere Retail investors in the Nigerian equities market have been urged to jump into train to take advantage of the low prices some stocks are presently trading. Giving this advice was Managing Director of APT Securities, Mr Garba Kurfi, in an interview with Vanguard Newspapers. Mr Kurfi said, “I think the retail investors should take advantage of the market. Most of the stocks are trading in lower Price/Earnings (PE) ratio and when you look at the earnings, most of them are trading at PE (x) ratio of 3.4, which is far below what is obtainable in other frontier