Rahi Systems Acquires Serro, PiTek

By Modupe Gbadeyanka Three leading makers of 5G-enabled smartphones, Samsung, Tecno, and Infinix, will work with Airtel Nigeria to drive the adoption of the latest technology in the telecommunications industry. The GSM network provider has partnered with the companies as part of its commitment to enhance innovation, improve customer experience, and drive the adoption of 5G technology to transform various aspects of customers’ daily activities. According to the Chief Commercial Officer of Airtel Nigeria, Mr Femi Oshinlaja, the strategic partnership is not only to increase access to the latest technological advancements but also to encourage consumers to take advantage of

By Aduragbemi Omiyale Young Nigerians living in Abuja who intend to deepen their knowledge in digital education now have a place to go, GoMyCode’s hackerspace. The facility would be used to train and transforms participants into skilled professionals, ready to navigate the digital age. It is the fifth hackerspace the company is establishing in Nigeria, solidifying its footprint in the country. Similar facilities are already in Yaba, Ikeja, Festac and Lekki, all in Lagos. The transformative mission of GoMyCode’s is to democratise tech education and empower thousands of students in the country, equipping them with critical digital skills to support

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 Aduragbemi Omiyale The 2023 edition of Techconnect, an event put together by Interswitch to provide valuable insights into the digital payments landscape in the country, will take place in five cities. A statement from the organisation disclosed that these places are Ibadan, Port Harcourt, Enugu, Abuja, and Lagos. Participants will get information about the latest trends and best practices within the payment ecosystem, while keynote speakers and others will deliberate on other topical issues. The immersive event will feature keynote speakers and panel sessions that will provide valuable insights into the digital payments landscape in the country, spotlight trends

By Modupe Gbadeyanka The foreign exchange reserves of Egypt have exceeded Nigeria’s for the first time since 2011, Bloomberg is reporting. Last year, Egypt floated its currency and resulted into its economy regaining shape again. Also after the move, the North African nation secured funding from the International Monetary Fund (IMF), to support the economy. However, on the part of Nigeria, it has refused to emulate its African counterpart despite calls from experts and citizens. Instead, the Nigerian government, through the Central Bank of Nigeria (CBN), has continued to take more forex from the foreign reserves to release into the market

Organisers of the prestigious national science competition in Nigeria, InterswitchSPAK, have opened the registration portal for the 2020 edition, the third in the series. InterswitchSPAK is an annual Pan-African competition aimed at re-igniting STEM (Science, Technology, Engineering, and Mathematics) subjects among secondary school students. A statement issued by the producers of the highly followed and watch programme said students from Senior Secondary Schools across the country can now begin to register for the educational contest on the InterswitchSPAK portal till the closing date, Sunday, April 26, 2020. For the registration, each school is required to present its best six science

By Dipo Olowookere The United States Agency for International Development (USAID), through the U.S. government’s Feed the Future Initiative, recently hosted the 4th Annual Ghana Agribusiness Investment Summit to showcase investment opportunities in Ghana’s agribusinesses. The event, held on May 4, brought together business service providers, financial institutions, agribusinesses, farmers, development partners and the Ghanaian government under the theme ‘Mobilizing strategic investment for agriculture.’ At the summit, the Deputy Minister for the Ministry of Food and Agriculture, Mr George Oduro, and U.S. Chargé d’Affaires Melinda Tabler-Stone stressed the importance of leveraging financial opportunities for Ghanaian agribusinesses. The aim of the

By Adedapo Adesanya On April Fool’s Day, the NASD Over-the-Counter (OTC) Securities Exchange closed flat, with the major performance indicators remaining unchanged at the close of transactions. The unlisted securities market in Nigeria has seen a mixture of hot and cold in recent times, closing lower at the preceding session but an attempt to lift the platform yesterday could not be achieved. According to data from the bourse, the market capitalisation of the NASD Exchange retained the previous value of N952.62 billion, while the NASD Unlisted Securities Index (NSI) remained unchanged at 724.49 basis points. Business Post reports that the

By Dipo Olowookere The 2016 maiden annual report of the Consumer Protection Council (CPC) has now been released in Lagos. The report highlights the council’s most significant achievement and interventions for 2016. Unveiling the report at an event jointly organised by CPC and the United Nations Industrial Development Organization (UNIDO) for business editors and reporters, Director General of the Council, Mrs Dupe Atoki, noted that consumer education received great attention in 2016. At the capacity building training for the journalists, Mrs Atoki promised that the council will continue to impact consumers through weekly television and radio programmes. She also said

By Dipo Olowookere Chinese government and private companies’ handling key infrastructural development projects in Nigeria have been urged to speed up the execution of such projects in order to accelerate the nation’s quest for economic recovery and rapid industrialization. Budget and National Planning Minister, Mr Udoma Udo Udoma made the request in Abuja when the Chinese business delegation led by the country’s Ambassador to Nigeria, Mr Zhou Pingjian met the Minister on a working visit. Mr Udoma told the Chinese delegation that timely completion of the Mambila Hydropower project, the National Rail Line project and key trunk ‘A’ Roads across

By Dipo Olowookere The Central Bank of Nigeria (CBN) has said its decision to restrict the allocation of foreign exchange (FX) for the importation of cement resulted in a significant increase in the local production of the product. Governor of the CBN, Mr Godwin Emefiele, said this on Thursday at the commissioning of the BUA Cement factory in Sokoto State. Yesterday, President Muhammadu Buhari inaugurated the 3-million MTPA Line 4 cement plant, commending the Chairman of BUA Group, Mr Abdul Samad Rabiu, for doing everything possible to support the economy. During his speech at the event, the CBN chief said

By Adedapo Adesanya As it continues to unravel its ranges of new products, HMD Global, the home of Nokia phones, has unveiled the latest Nokia 110 Africa Edition. The entertainment-packed phone is revitalised to deliver more value and connectivity with its wireless FM radio so users can tune into their favourite news, sports and more on the go while being headset free. Speaking on this, Mr Joseph Umunakwe, General Manager, West, East and Central Africa at HMD Global said, “Feature phones play an integral role in keeping people connected. People want a handset that doesn’t have them worrying about their