Pantami Lauds Airtel’s Commitment to Put Compliance over Profit

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 The Managing Director of Payment Processing & Switching at Interswitch Purepay, Mr Akeem Lawal, has said the company will always throw its full weight behind conversations aimed at improving the payments industry. Mr Lawal said this ahead of the 2023 annual conference of the Committee of e-Business Industry Heads (CeBIH) scheduled to take place from Tuesday, December 5, 2023, to Wednesday, December 6, 2023, in Lagos. He is one of the speakers slated to attend the event with the Managing Director of Verve International, Vincent Ogbunude; and the Managing Director of Digital Infrastructure and Managed Services at

By Kehinde Ogundare In recent years, the global economy has faced and continues to face numerous challenges, including a pandemic, war, climate change, and inflation. Businesses have had to adapt and find new ways of working to tackle these challenges. Nigeria is no exception. According to the National Bureau of Statistics of Nigeria, the annual inflation rate accelerated to 24.08% in July 2023, the highest since September 2005. This has affected everything from electricity tariffs to transportation, all crucial to the performance of Nigerian enterprises. Fortunately, by adopting the right technologies and using them the right way, enterprises can ensure that they’re

By Adedapo Adesanya A new research from global payments giant, Visa, done across 17 countries in Central and Eastern Europe, the Middle East and Africa (CEMEA) has revealed a disconnect between consumers’ confidence in recognising fraud and their online behaviour, highlighting the importance of staying alert and mindful of fraud attempts. The study forms Visa’s Stay Secure Campaign, focused on raising consumer awareness, strengthening education, and building confidence to combat social engineering threats. Despite more than half of consumers (56 per cent) claiming to be savvy enough to sidestep online and phone scams, it was found that 90 per cent

By Dipo Olowookere Special Adviser to the Lagos State Governor on Office of Overseas Affairs and Investment (Lagos Global), Professor Ademola Abass, has disclosed that Lagos State is responsible for over 90 percent of Nigeria’s trade flow. Prof Abass made this known on Thursday at the ongoing 2017 Ministerial Press briefing held at the Bagauda Kaltho Press Centre, Alausa, as part of activities to mark the second year in office of Governor Akinwunmi Ambode’s administration. The Special Adviser emphasised that Lagos State has a prominent role to play in the overall economy of the nation as 65 percent of the

By Adedapo Adesanya Oil prices rose on Monday as investors focused on tight supplies of crude and fuel products rather than concerns about a recession dampening demand going forward. Brent crude futures traded higher by $1.01 or 0.9 per cent to $114.13 a barrel as the US West Texas Intermediate crude (WTI) grew by 61 cents or 0.56 per cent to $110.17 per barrel due to the Juneteenth US holiday. This is a slight recovery for the commodity after the global benchmark tumbled over 7 per cent last week for its first weekly fall in five weeks while the US

By Dipo Olowookere First Bank Nigeria Limited has reiterated its commitment to the promotion and inculcation of sound business ethics in students of Nigerian universities as well as to continuously uphold good corporate governance in all its operations. This commitment was made last weekend by the company’s Head of Corporate Responsibility, Marketing and Corporate Communications, Mr Ismail Omamegbe, during the National Final of the 2018 Ethics Challenge of CFA Society Nigeria held in Lagos. At the event sponsored by First Bank, Mr Omamegbe said the financial institution is a responsible organisation that believes in robust corporate governance and sound ethics

By Otori Emmanuel Many organizations are seeking ways to offer their products and services to customers in an efficient way in order to save time, ease the processing of the orders and provide the highest quality of delivery at the expected time. One major opportunity that most start-ups are not taking advantage of is the availability of data in the public domain as well as the internal data they are gathering to make business intelligent decisions. Organizations are drowning in an overwhelming amount of data and know little or nothing about gaining insights from the data and turning them into

By Modupe Gbadeyanka Renowned Nigerian businessman, Mr Aliko Dangote, has been given a coal mining licence by the Tanzania government. The licence came after the country’s President, Mr John Magufuli, gave the Ministry of Energy and Minerals a seven-day ultimatum to allocate a coal mining area to Mr Dangote’s cement company within the mineral-rich Ngaka coal fields, which are licensed to another company. In a statement issued on Monday by the Tanzania’s Energy and Minerals Ministry, it was disclosed that Mr Dangote will be given a coal mining licence covering 9.98 square kilometres in the Ngaka area. Last December, Dangote

By Adedapo Adesanya Crude oil prices settled slightly lower on Tuesday as the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) discussed raising oil production. Earlier in the day, the price of the Brent crude hit a two-year high of $75 per barrel but it later dropped to $74.85 per barrel, losing 23 cents or 0.18 per cent while the West Texas Intermediate (WTI) declined by 0.29 per cent or 58 cents to trade at $73.08 per barrel. OPEC+ is discussing a gradual increase in oil output from August, but no decision has been taken on the exact

By Dipo Olowookere The restriction placed on trading of shares of RT Briscoe Plc on the floor of the Nigerian Stock Exchange (NSE) has been removed by the stock market regulator. On July 5, 2018, the NSE suspended trading on shares of RT Briscoe and seven other companies for failing to adhere to best corporate governance and extant post-listing requirements that require quoted companies to submit their periodic financial statements and reports within stipulated timelines. RT Briscoe had failed to submit its full-year audited reports for the 2017 business year and interim reports for the first and second quarters of

By Ahmed Rahma The Lagos Metropolitan of the Junior Chamber International (JCI) now has a new president and he is Mr Ayodeji Akinwande. He replaced Ms Omowumi Davies-Akinwande, whose tenure has ended. An inauguration ceremony was recently held for the new leader of the group, with past presidents of JCI, Metro, Industry players, youth groups among others in attendance. In Mr Akinwande’s acceptance speech, he promised to take the organisation one step higher during his term of office, noting that, “Our change-bearing ideas will never blossom into a tree with many fruitful results in the future without our continuous and