No 5G Technology in Nigeria Yet—NCC Insists

By Adedapo Adesanya Website hosting infrastructure company, WhoGoHost, has acquired SendChamp, a Nigerian cloud communications startup that powers online messaging for African businesses to deepen its value offering for its customer base. The deal sum was not announced, but the acquisition is part of WhoGoHost’s strategic plans to evolve from domain-hosting to serve businesses and institutions in the African market. According to a statement, SendChamp will continue to operate as an independent product as it transitions to new ownership. However, in the near future, its products and services will become accessible via the WhoGoHost integrated platform. The reason for this

New search trends released by Google show that search interest in AI has reached an all-time high in Nigeria. The trends show that people have searched for AI more than ever in 2023 so far, with interest rising 310% since last year, and by 1,660% in the last five years. Google’s research also revealed the top trending questions being asked about AI across Nigeria. Here, Google West Africa Director, Olumide Balogun, answers some of the most frequently asked questions. What is Artificial Intelligence and how does it work? AI is a type of technology that can learn from its environment,

Here’s how we’ve made Search more helpful over 25 years — and had a little fun along the way, too. When Google first launched 25 years ago, it was far from the first search engine. But quickly, Google Search became known for our ability to help connect people to the exact information they were looking for, faster than they ever thought possible. Over the years, we’ve continued to innovate and make Google Search better every day. From creating entirely new ways to search, to helping millions of businesses connect with customers through search listings and ads (starting with a local

By Adedapo Adesanya X, formerly known as Twitter, has announced plans to introduce voice and video calls to the platform. This is the latest move by the billionaire owner, Mr Elon Musk, to turn his app into what he calls an “everything app” modelled after China’s super app, WeChat. These features, when introduced, would place X in direct competition with WhatsApp, Telegram, and other social media apps offering the same services. Making its features unique, Mr Musk said users would not need phone numbers to make calls on X. According to the Twitter owner, the features would work on different

By Adedapo Adesanya The federal government has received two million doses of the Johnson & Johnson COVID-19 vaccine donated by the European Union (EU). The formal handover of the vaccines was done on Monday at the National Primary Health Care Development Agency (NPHCDA), National Strategic Cold Store, Abuja. The EU ambassador, Mr Samuela Isopi, who made the presentation of the vaccines, said the donation is part of the EU’s commitment to jointly combat the pandemic. Receiving the consignment, the Executive Director, NPHCDA, Dr Faisal Shuaib said the federal government, also in combating the pandemic, has procured over 39 million doses

By Ambrose Omordion History has been made in the Nigeria capital market. For the third consecutive year, the benchmark All-Share Index of the Nigerian Stock Exchange (NSE) again contracted. The 2016 contraction, unlike those of 2014 and 2015 was a single digit decline, fueling hope of a recovery soon. The single digit contraction however resulted from the year-end seasonal trading volatility witnessed in the last few trading week of 2016, triggered by the low stock valuation and the agreement by members of the Organisation of Petroleum Exporting Countries (OPEC) to cut supply of crude oil to the international market as

By Modupe Gbadeyanka Another N30 billion has been paid by MTN Nigeria to the Nigerian government as part of the N330 billion fine imposed on its for failing to disconnect unregistered subscribers on its network. This information was disclosed by Reuters, which quoted a source at the telecommunications company. MTN agreed to pay the fine, which was initially N1.04 trillion, in six instalments over the period of three years. Already, the firm has paid N80 billion. In early 2017, MTN disclosed that it recorded a loss for the first time in many years due to the fine by the Nigerian

By Modupe Gbadeyanka One of the top financial institutions in Nigeria, Diamond Bank Plc, has continued to showcase its passion for youth development, youth empowerment and support for young entrepreneurs through the National Youth Service Corps Skill Acquisition and Entrepreneurship Development (NYSC SAED) initiative. Recently, the lender rewarded a set of NYSC members for the third year in a row. Speaking at the NYSC orientation camp at Iyana-Ipaja, Lagos, the Product Manager of Diamond SWAG (Student With a Goal), a prime financial product for students in tertiary institutions and young graduates, Chinenye Nwosu, stated that the NYSC SAED (Skills Acquisition

By Adedapo Adesanya FMDQ Securities Exchange Limited (FMDQ) has announced admitting the N10 billion Series 13 and N20 billion Series 14 Commercial Paper (CP) of Flour Mills of Nigeria Plc under its N100 billion CP Issuance Programme. The exchange, in a statement, noted that as most businesses across the globe continue to face the economic effects of COVID-19, it has sustained its efforts in the provision of required support to governments, corporates and individuals through the delivery of innovative and dependable capital market solutions. “As the economic impact of COVID-19 continues to crystallise, FMDQ Group remains steadfast in contributing towards

By Investors Hub Asian stocks closed mostly higher on Friday as geopolitical tensions eased and investors breathed a sigh of relief that U.S. trade tariffs were less severe than originally feared. Geopolitical tensions eased after North Korean leader Kim Jong Un offered to halt nuclear and missile tests and expressed his desire to meet with U.S. President Donald Trump. Separately, the White House slapped import tariffs of 25 percent on steel and 10 percent for aluminum but exempted Canada and Mexico and offered the possibility of excluding other allies, backtracking from an earlier “no-exceptions” stance. China’s Shanghai Composite index climbed

By Dipo Olowookere The Central Bank of Nigeria (CBN) will today, Wednesday, November 9, 2022, roll over the N109.03 billion treasury bills maturing at the primary market auction (PMA). The debt instruments are in three tenors of 91 days, 182 days, and 364 days. The bank will sell N1.15 billion of the three-month bill, N2.83 billion of the six-month bill, and N189.06 billion of the 12-month bill to investors. Going by the three previous PMAs, traders would be expecting the central bank to jerk the stop rates higher today to sustain appetite for the investment tool. As a result of

By Dipo Olowookere Despite the positive Gross Domestic Product (GDP) numbers released by the National Bureau of Statistics (NBS) on Monday, trading on the Nigerian Stock Exchange (NSE) opened for the week on a bearish note with 0.82 percent loss. According to the stats office, the nation’s GDP grew by 1.81 percent in the third quarter of 2018, though lower than the 1.9 percent projected by most analysts. It was observed that the decline recorded yesterday was majorly buoyed by the poor performances of some blue-chip stocks at the market. For example, Nestle Nigeria, which topped the losers’ chart, lost