Nigerian Government, Facebook Discuss Updated WhatsApp Privacy Policy

By Modupe Gbadeyanka On Wednesday, October 11, 2023, stakeholders within the telecoms and ICT ecosystem gathered at Fraser Suites in Abuja to discuss Modernization and Digitization, the theme of an event organised by Airtel Nigeria. The Director of Airtel Business at Airtel Africa Plc, Mr Luc Serviant, while addressing the participants, emphasised the company’s commitment to fostering collaboration and partnerships that drive progress and innovation. He highlighted Airtel Nigeria’s dedication to endowing the public sector through cutting-edge technologies, enabling transformative change on a national scale. “At Airtel, we are happy to discuss connectivity, innovation & technology, digital pillars, cloud security,

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 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 Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Mr Aminu Maida, has charged Nokia Networks to increase its investments in Research and Development (R&D) to support the growth of Information and Communication Technology (ICT) in Nigeria. Mr Maida spoke when a delegation from Nokia Networks of Finland led by the Deputy Minister, Under-Secretary of State for International Trade from the Ministry for Foreign Affairs of Finland, Mr Jarno Syrjala, visited the commission recently to explore further opportunities for mutually beneficial relationships. He told the delegation that the Nigerian government is

By Modupe Gbadeyanka In a bid to boost the economy of Anambra State, the Central bank of Nigeria (CBN) has given the state a grant of N3 billion. This money is expected to be invested in the agriculture and SMEs and shared to medium and small scale entrepreneurs and farmers in Anambra State to support their businesses. Speaking on Friday at the flag-off of training for the first batch of 150 youths at the Federal Youths Training Centre in Mgbakwu near Awka, the state capital, Governor Willie Obiano noted that the apex bank approved the N3 billion following the effective

N691.6bn Already Disbursed via CBN By Modupe Gbadeyanka Minister of Finance, Mrs Zainab Shamsuna Ahmed, has emphasised that there is no new tranche of Paris Club Refunds to be disbursed to states, because the money has already been disbursed in March 2019. In a statement issued on Monday by her Special Adviser on Media and Communications, Mr Paul Ella Abechi, the Minister said a total of N691.560 billion Paris Club refunds has already been disbursed to states since March 2019 after it was verified. Mrs Ahmed said this clarification became necessary due to news making the rounds in the media

By Dipo Olowookere Despite recording a 5.79 percent increase in its gross earnings in the first quarter of 2020, Fidelity Bank Plc closed the period ended March 31, 2020 with a 1.4 percent decline in profit after tax. In Q1 2020, the lender reported gross earnings of N51.2 billion, higher than N48.4 billion. However, the profit before tax dropped to N6.58 billion from N6.67 billion in Q1 2019, while the profit after tax depreciated to N5.86 billion from N5.94 billion, with the earnings per share (EPS) falling to 20 kobo from 21 kobo. A brief analysis of the unaudited financial

By Aduragbemi Omiyale Nigerians woke up to reports on social media alleging that the country’s Minister of Communications and Digital Economy, Mr Isa Ali Pantami, has been put on the United States terror watchlist. According to the reports, the Minister got into trouble with the world power because of his alleged support for known Al-Qaeda members as well as the late Mohammad Yusuf, who is believed to be the founding leader of the Boko Haram terrorist group. Mr Pantami, before he was appointed as Minister by President Muhammadu Buhari, was a well-known Islamic cleric, who worked in Saudi Arabia at

By Adedapo Adesanya  Investor confidence at the NASD Over-The-Counter (OTC) Securities Exchange was very low on Tuesday, December 24, 2019 as the market recorded sharp drop in the level of activity. Business Post reports that the volume and value of shares traded by investors at the market during the session went down significantly as the key parameters of the exchange closed at their previous levels. The market capitalisation remained at N501.14 billion at the close of transactions on Tuesday, while the NASD Unlisted Security Index (NSI) remained stagnant at 697.54 points. However, the total volume shares traded during the trading

By Dipo Olowookere A total of $16.1 million has been approved by the Executive Board of the International Monetary Fund (IMF) for the Gambia under the Rapid Credit Facility (RCF). The Gambia faces an urgent balance of payments need triggered by a weak agricultural season, lower tourism receipts due to the political turmoil early this year, and higher commodity prices. The financial assistance is intended to address urgent balance of payments needs that have arisen on account of the shocks. In addition, the Board was informed about the IMF Managing Director’s approval of a one-year staff-monitored program (SMP) to guide

By Modupe Gbadeyanka As part of efforts to improve security in the state and boost commerce, the Kwara State government is embarking on a N6b project called Light Up Kwara. This was disclosed by the Commissioner for Energy, Mr Idris Abubakar, during a press briefing in Ilorin as part of the resolution of the State Executive Council (SEC) meeting. He explained that the project would ensure all the streets in the state are lit during the night to boost security, enhance commerce and create jobs in the night economy hoodlums while improving aesthetics. According to hum, the project would be

By Adedapo Adesanya President Bola Tinubu has announced a set of new measures that will help Nigerians cushion against the hardships they are facing brought about by the removal of the fuel subsidy. Some of the measures rolled out by the President include single-interest rate loans to manufacturers and farmers with an extended period as well as the acquisition of Compressed Natural Gas (CNG) buses to states, among others totalling N500 billion. Speaking at his 7 pm national address on Monday, Mr Tinubu acknowledged that the times are difficult as food and fuel prices have soared due to recent measures