Nigeria to Launch Another Satellite in Space Soon—FG

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 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

By Adedapo Adesanya Nigerian wireless internet service provider, Tizeti, has announced the securing of an unnamed senior debt facility from Chapel Hill Denham’s Nigeria Infrastructure Debt Fund that will be used to finance the rollout of its state-of-the art broadband network across 15 states in Nigeria. In a statement seen by Business Post, the company said it has been granted long-term financing by the investment company’s fund and will deploy the debt to build new internet infrastructure and purchase additional equipment to expand its services to Delta, Akwa Ibom, Cross River, Abia, Anambra, Imo, Enugu, Abuja, Kano, and Kaduna. Tizeti

By Dipo Olowookere One of Nigeria’s renowned marketing communications agencies, CentrespreadGrey, has added to its award cabinet after bagging the ICONIC Brand Agency of the Decade Award at the 2017 edition of the Nigeria Brand Awards. The honour, which came in the Customer Services Excellence Category, attests to the agency’s professionalism and numerous achievements in the Nigerian marketing communications industry for over three decades. The coveted Nigeria Brand Awards, in its seventh edition, is an annual event designed to honour outstanding achievements and innovation in the marketing communications space. At this year’s edition, awards were given in about twenty five

By Modupe Gbadeyanka Chairman of the Ibadan Zone Shareholders Association (IBZSA), Mr Akin Akinduro, has appealed to the Securities and Exchange Commission (SEC) to make it possible for shareholders to see the name of company paying dividends on their bank alerts. This was one of the requests made by Mr Akinduro during a one-day seminar organised by the group last week in Ibadan, Oyo State. At the event tagged Reducing the Incidence of Unclaimed Dividends Through e-Dividend Registration, the IBZSA chief also urged SEC to intensify activities to entice investors to embrace the e-dividend registration, suggesting that payment of fees

By Adedapo Adesanya The Ogun State Government has announced a statewide restriction of movement between 7 am and 4 pm on Saturday, July 24, 2021, to allow for the conduct of local government elections. The State Commissioner for Information and Strategy, Mr Abdulwaheed Odusile, said the restriction was at the instance of the Ogun State Independent Electoral Commission (OGSIEC), which is conducting the councilorship and chairmanship elections in all the 236 wards across the 20 local government areas in the state. However, during the period of the restriction, voters will be free to move to their polling centres within their

By Adedapo Adesanya FrieslandCampina WAMCO Nigeria Plc was the only price gainer on the floor of the NASD Over-The-Counter (OTC) Securities Exchange on Thursday, August 6. The rise in the FMCG company’s share price pushed the NASD Unlisted Securities Index (NSI) up by 0.57 per cent equivalent to 3.99 points during the session to 706.07 points from 702.08 points recorded at the previous session. It equally supported the market capitalisation by 0.57 per cent or N2.93 billion, closing at N518.65 billion as against the previous session’s N515.72 billion. The share price of FrieslandCampina WAMCO Nigeria Plc recorded a N3 gain

By Modupe Gbadeyanka Governor Babajide Sanw0-Olu of Lagos State has blamed the social media for overblowing the proportion of the unfortunate shooting at the Lekki Toll Gate by the military on Tuesday evening with what he described as “false information” being shared by those who were not at the scene of the incident. According to him, “There have been several false information that we have seen over the incident and we will appeal to people to show more restraint in posting information that cannot be verified.” One of such “false information” was the accusation that the state government was aware

By Adedapo Adesanya Five agencies of the United Nations on Thursday called for urgent action to protect millions of malnourished children in the 15 countries hardest hit by the unprecedented food and nutrition crisis, including Nigeria. The appeal was issued by the Food and Agriculture Organization (FAO), the UN refugee agency (UNHCR), the UN Children’s Fund (UNICEF), the World Food Programme (WFP), and the World Health Organisation (WHO). They warned that more than 30 million under-fives are suffering from wasting, or acute malnutrition, brought on by conflict, climate shocks, ongoing impacts of the COVID-19 pandemic, and the rising costs of

By Dipo Olowookere Mr Abubakar Abba Bello has been appointed as the new Managing Director and Chief Executive Officer of the Nigeria Export-Import (NEXIM) Bank. Mr Bello’s appointment was approved by President Muhammadu Buhari on Thursday. Also, the President approved the appointment of Dr Bala Mohammed Bello as the Executive Director in charge of Corporate Services at the bank as well as Mrs Stella Okotete as the Executive Director in charge of Business Development. According to a statement signed by the Director of Press in the Office of the Secretary to the Government of the Federation (OSGF), Mr Bolaji Adebiyi,

By Adedapo Adesanya High demand for Dollars at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Wednesday weakened the value of the Nigerian Naira by 0.11 per cent or 50 Kobo. This happened as President Muhammadu Buhari unveiled the redesigned Naira notes by the Central Bank of Nigeria (CBN) at the State House in Abuja at the Federal Executive Council (FEC) meeting yesterday. At the unveiling of the new N200, N500, and N1,000 notes, Mr Buhari said the redesigned naira denominations would help the CBN implement better monetary policy objectives and enrich the collective memory