Osinbajo Seeks Alliance to Trigger Digital Economy Revolution

The pinnacle of technological innovation and thought leadership, Art of Technology Lagos (AOT), returns for its fifth edition, AOT 5.0. With an unwavering commitment to progress, this year’s conference dives into two crucial pillars that are shaping Lagos’s future: “The Creative Economy” and “A Digital Lagos.“ Curated by the Eko Innovation Centre in collaboration with the Lagos State Government, AOT 5.0 promises to be an unparalleled gathering of visionaries, industry leaders, and changemakers. Lagos’s creative economy sector is a dynamic force that fuels the state’s economic growth, encompassing diverse industries such as film, music, fashion, design, and advertising. This ecosystem

By Adedapo Adesanya The chief executive officer of CCHUb, Mr Bosun Tijani, has been appointed to head a newly structured ministry as he will now become Nigeria’s Minister of Communications, Innovation and Digital Economy. He is part of a list of 46 successful ministerial candidates that will form President Bola Tinubu’s cabinet. The 46-year-old investor will be charged to carry out policies to support the Nigerian tech ecosystem as well as improve the country’s digital goals and innovation. Speaking on his appointment, Mr Tijani noted that “It’s an exciting time to build a bigger and better future for all Nigerians.

By Adedapo Adesanya The Nigerian government has expressed a fresh commitment to the harmonisation of the country’s data through the National Identity Management Commission (NIMC). This was disclosed by the Minister of Interior, Mr Olubunmi Tunji-Ojo, who said that his Ministry was committed to the success of the project, assuring that the days for multiple ID registration would soon be over. Mr Tunji-Ojo, while hosting the MTN management team led by its chief executive, Mr Karl Toriola, earlier this week in Abuja, disclosed that NIMC has been mandated to harmonise the country’s database as President Bola Ahmed Tinubu seeks to

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By Aduragbemi Omiyale The federal government of Nigeria has appealed to France to grant it an additional loan aimed to develop the country and provide the dividends of democracy to the citizens. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, made his plea when she received the French Foreign Trade Minister, Mr Frank Reister, at her office in Abuja recently. Mrs Ahmed described the credit facility of the European country as “highly concessional” and that it would support the government’s development agenda. The Minister said the government was happy to have the French government as a partner,

By Nneka Okumazie Thoughts are the evidence that sometimes, some things are beyond proof. The world is always to see, hear, feel, smell, taste – and sense – to confirm. But there are many more things – true, existing and active – beyond the verification of those. It is sometimes hard to place thoughts or understand them. There are thoughts that overstay, whirling and unwilling to go. There are thoughts as if as trap, in the moment, suggesting immediate reaction – no matter how consequential. There are thoughts with power, overcoming everything else. There are thoughts that cannot be described,

By Dipo Olowookere The All-Share Index (ASI) of the Nigerian Exchange (NGX) Limited rebounded by 1.04 per cent on Friday following fresh bargain-hunting activity by investors. Business Post reports that yesterday’s buying pressure lifted the share prices of 23 companies listed on the exchange, though there was profit-taking in 14 equities. Thomas Wyatt closed the trading day as the highest price riser after it gained 10.00 per cent to finish at 44 Kobo, as Wema Bank grew by 9.94 per cent to N3.43. Ardova rose by 9.71 per cent to N15.25, PZ Cussons increased by 9.55 per cent to N10.90,

By Investors Hub Asian stocks gave up early gains to end mostly lower on Thursday, as worries about the escalating Washington-Beijing trade war overshadowed investor optimism about the NAFTA trade talks. Chinese shares extended losses for a third straight session as trade fears lingered and investors awaited cues from manufacturing data due on Friday. The benchmark Shanghai Composite Index fell 31.56 points or 1.1 percent to 2,737.74, while Hong Kong’s Hang Seng Index dropped 252.39 points or 0.9 percent to 28,164.05. Japanese shares gave up initial gains to end roughly flat. The Nikkei 225 Index hit a more than three-month

By Dipo Olowookere The local stock market suffered a loss on Tuesday following profit-taking in some of the value equities like Lafarge Africa, UBA, Zenith Bank, MTN Nigeria and 13 others. The sell-off witnessed in these shares weakened the market by 0.10 per cent yesterday as the All-Share Index (ASI) of the Nigerian Exchange (NGX) Limited reduced by 38.50 points to 39,801.78 points from the previous 39,840.28 points. Similarly, the market capitalisation decreased during the session N17 billion to finish at N20.830 trillion as against N20.847 trillion it ended last Friday. Business Post reports that Linkage Assurance closed the day

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By Investors Hub Asian stocks ended mixed on Tuesday as investors awaited Congressional testimony later in the day by new Federal Reserve Chairman Jerome Powell for further insights into the central bank’s views on inflation and interest rates. Chinese shares snapped a six-session winning streak as investors locked in some profits. The benchmark Shanghai Composite Index tumbled 38.05 points or 1.1 percent to 3,292.07, while Hong Kong’s Hang Seng Index slid 229.24 points or 0.7 percent to 31,268.66. Meanwhile, Japanese shares rallied after U.S. stocks hit their highest level in over three weeks overnight amid declining Treasury yields. The Nikkei

By Modupe Gbadeyanka A new report by the UBS Wealth Management’s Chief Investment Office (CIO) has revealed that Nigeria’s creditworthiness improved by higher commodity prices and stronger economic outlook. The report on Africa’s sovereign credit prospects, an important benchmark used to evaluate the risk of investing in a country, concludes that after years of deterioration, the credit outlook of many African sovereign issuers was stabilizing or improving. Africa’s sovereigns have been hit by a range of issues in recent years, including the end of the commodity super cycle, depreciating exchange rates and mounting public debt ratios. Energy exporters, such as