Samsung Unveils Latest Tech Trends at Annual Africa Forum

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,

In a captivating dialogue at the annual conference tagged Art of Technology Lagos 5.0, held at Landmark Event Centre Lagos, on Thursday, 7 December 2023, Opeoluwa Filani, General Manager, Showmax Nigeria, took the stage to offer insights into the rapidly evolving landscape of Africa’s creative economy. The annual tech conference, curated by the Eko Innovation Centre and sponsored by the Lagos State Government, explored the symbiotic relationship between creativity and technology. As the lead discussant of the first plenary session themed Monetization of the Creative Economy Leveraging Technology, Filani noted that the combination of creativity and technology presents a vision

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 Nigerian wireless internet service provider, Tizeti, has announced the securing of an unnamed senior debt facility from Chapel Hill Denham’s Nigeria Infrastructure Debt Fund that will be used to finance the rollout of its state-of-the art broadband network across 15 states in Nigeria. In a statement seen by Business Post, the company said it has been granted long-term financing by the investment company’s fund and will deploy the debt to build new internet infrastructure and purchase additional equipment to expand its services to Delta, Akwa Ibom, Cross River, Abia, Anambra, Imo, Enugu, Abuja, Kano, and Kaduna. Tizeti

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed 0.17 per cent lower on Friday on the back of negative price movement in Nigerian Exchange (NGX) Group Plc and Central Securities Clearing Systems (CSCS) Plc. NGX Group went down by 40 kobo or 2.2 per cent during the session to close at N17.92 per share in contrast to N18.32 per share it closed a day earlier. On its part, CSCS Plc depreciated by 20 kobo or 1.1 per cent to settle at N18.50 per unit compared with N18.70 per unit it finished on Thursday. These two securities overpowered the

By Dipo Olowookere Speakers at the 24th Annual General Meeting (AGM) of the African Export-Import Bank (Afreximbank) have stressed the importance of regional integration to develop the continent’s economy. The 24th AGM of the lender opened on Wednesday in Kigali, Rwanda, and over 100 speakers, including academics, African and global trade development experts are scheduled to speak during the four days of the event with a focus on unlocking Africa’s trade potential. Rwanda’s Minister of Finance and Economic Planning, Mr Claver Gatete, emphasised the need to create regional value chains which have the potential to generate enormous benefits for African

By Adedapo Adesanya  Brent oil rose on Thursday, withstanding pressure from concerns about economic growth, while a sharp fall in U.S. inventories boosted West Texas Intermediate (WTI) crude futures. International benchmark Brent crude went up as high as $61 a barrel and the West Texas Intermediate (WTI) went as high as almost $57 a barrel and as at the time of this report (10 p.m. Nigerian Time), Brent was trading at $60.49 indicating a rise of 0.93 percent while WTI was trading at $56.61 indicating a 1.49 percent increase. In addition, the OPEC Basket also rose higher than $60 on

By Dipo Olowookere The trio of FBN Holdings, GTCO and Sterling Bank contributed 45.85 per cent and 30.63 per cent to the total trading volume and value of shares transacted on the floor of the Nigerian Exchange (NGX) Limited last week. In the week, the three companies traded 638.3 million shares worth N8.5 billion in 4,116 deals. According to data from the exchange, investors exchanged 1.4 billion shares worth N27.9 billion in 19,990 deals in the five-day trading week in contrast to the 1.5 billion shares worth N20.9 billion transacted in 20,410 deals a week earlier. A breakdown showed that

By Kester Kenn Klomegah Russian diplomats at the Foreign Ministry have been stepping efforts to get first-hand blistering information on the Russia-Ukraine crisis, its primary causes and implications to African governments. On February 24, Russian President Vladimir Putin announced a special military operation, after both the Federation Council and the State Duma (legislative chambers) approved the implementation of the presidential decision that has since sparked debates throughout the world. It has also pushed for the United States and Canada, European Union members and many other external countries to impose sanctions against Russia. Long before the special military operation started on

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has postponed the Monetary Policy Committee (MPC) meeting yet again after the same was done in September. This development indicates that the new Governor of the CBN, Mr Olayemi Cardoso, has yet to hold the crucial rates-setting meeting since he took over the post. The central bank postponed the meeting when Mr Cardoso was nominated to the post in September, signalling that when he takes over, this will be his first order of business. But with almost two months at the helm of affairs at the national lender, there seems to

By Modupe Gbadeyanka All is set for the centenary celebration of the return of Okeho to its original site from the old site. The event holds from October 20 -28, 2017. Okeho, the headquarters of Kajola Local Government, Oyo State, had existed for more than three centuries at the present location before their forefathers were forced to migrate to the old site (Okeho Ahoro) for security reasons due to incessant raids by the slave traders from Dahomey (now Republic of Benin) and the attacks by Fulani warriors. A statement issued by Leke Salaudeen, Chairman, Publicity Committee, “When the time was

By Roger A. Agana After decades of efforts, a standard document to regulate the activities of the building and construction industry in Ghana has been instituted. The comprehensive Building Code, GS1207 of 2018, encompasses requirements and recommendations for efficiency and standards for Residential and Non-Residential buildings and as well cover planning, management and practices in the construction of buildings. The document also covers the smooth and safe operation of the building and construction industry such as Occupancy Classification and Use, Site Development and Land Use, General Building Heights and Areas. It also includes types of Construction, Fire and Smoke Protection