Smartphone Importation Drops 13.6% in Q1 2020

By Rahul Baitha In today’s digital age, where instant gratification is the norm, website performance plays a critical role in delivering a positive user experience. Visitors expect websites to load quickly and respond seamlessly to their interactions. If your website lags or stumbles, you risk losing valuable traffic and potential customers. As a web designer or business owner, optimizing your website’s performance should be a top priority. In this comprehensive guide, we’ll explore essential tips and techniques to boost your website’s speed and efficiency. Understanding Website Performance Before diving into optimization strategies, it’s essential to grasp the fundamentals of website

By Adedapo Adesanya The Minister of Communications, Innovation, and Digital Economy, Mr Bosun Tijani, intends to close the world’s tech talent shortage by almost a quarter with Nigerian workers. He said this would be achieved through the federal government’s plan to train 3 million technical talents over the next four years. The initiative could help achieve President Bola Tinubu’s goal of creating a million tech jobs in the first two years of his administration. “I believe, based on data that LinkedIn has projected, Nigeria can fill about 23 per cent of the current global shortage in technology talents,” Mr Tijani

By Olumide Balogun In the bustling markets of Lagos, a remarkable transformation is underway. A local logistics company, once struggling with efficiency, has now streamlined its entire operation using AI-driven solutions. This is a glimpse into the broader canvas of Africa where Artificial Intelligence (AI) is rapidly becoming a cornerstone for business innovation. Across the continent, from the tech hubs of Nairobi to the vibrant streets of Accra, AI is no longer a distant concept but a present-day tool reshaping the way businesses operate and grow. Enterprises of all sizes are tapping into AI to enhance their processes, improve customer

By Adedapo Adesanya The federal government through the National Information Technology Development Agency (NITDA) has opened applications for a tech startup accelerator fellowship program to empower Nigerians with innovative ideas. The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, said the preparations for the training commenced in August with a meeting of stakeholders in tech to co-create innovative ways to achieve the target. He added that the meeting was the first in a series of ecosystem engagements to ensure that the government gets the best solutions from within. The new initiative from the NITDA is part of the

By Ashemiriogwa Emmanuel For the second week, the foreign exchange (FX) reserves of Nigeria, Africa’s largest economy, shrank last week and this time, it was by $192.1 million or 0.5 per cent. A week earlier, the external reserves of the country declined for the first time in eight weeks, precisely since August 2021 and last week, this decrease was sustained. Data harvested by Business Post from the Central Bank of Nigeria (CBN) showed that the nation’s Dollar savings account plunged to $41.5 billion on Thursday, November 11 from $41.7 billion published a week earlier. On Thursday, November 4, the FX

By Aduragbemi Omiyale Six online trading platforms, including Prime Invest, have been blacklisted by the Securities and Exchange Commission (SEC). A statement from SEC explained that the action was taken on the companies because they are not authorized to offer investment and finance services and products to Nigerians. The affected firms are Prime Invest and Primeinv.co, FXBoxed, New Finance LLC and New Fx Limited, Axi24, Evolve Consulting LCC and Trust Fund- Mining Global Pty Limited. “Members of the public are advised to adopt the greatest diligence in making investment choices. “In view of the above, the general public is hereby

By Modupe Gbadeyanka Deputy Managing Director of the International Monetary Fund (IMF), Mr Mitsuhiro Furusawa, has disclosed that Boko Haram insurgency in the Lake Chad basin, which also includes Nigeria, has added to the burden of Cameroon. Mr Furusawa noted that this has sharply lowered export earnings and revenues for Cameroon as well as higher government expenditure, emphasising that poverty, inequality, and unemployment levels remain high. The IMF executive, after a visit to Cameroon on Monday, commended the country’s authorities for their leadership in addressing the challenges facing Cameroon and the Economic and Monetary Community of Central African States (CEMAC).

By Femi Adesina It was very sad and doleful to hear of the eventual beheading of Rev Lawan Andimi, Chairman of Christian Association of Nigeria (CAN), Michika Local Government, Adamawa State. He had been abducted by terrorists earlier this month. I felt the killing of Andimi very keenly, not for the fact that he was a clergyman, but “any man’s death diminishes me, because I’m involved in mankind.” (John Donne). No man should die the way Rev Andimi was killed. Beheaded by insurgents, who then proceeded to gleefully announce his decapitation. It should not happen. Evil and senseless. It is

By Modupe Gbadeyanka The Government of the Republic of Korea has announced its intention to join the international community’s efforts to support Sierra Leone in the wake of the mudslide disaster of August 14, 2017, by providing $300,000 worth of humanitarian assistance as soon as possible. In a telephone call to Sierra Leone’s Ambassador to the Republic of Korea, Mr Omrie Michael Golley, on Saturday August 19, 2017, the Director-General of the Development Cooperation Division of the Ministry of Foreign Affairs of the Republic of Korea, Jeong Jin-Kyu, informed Ambassador Golley of South Korea’s deepest condolences and sympathy to the

By Dipo Olowookere A total of 3.5 million units of Seplat shares owned by Chairman of the energy firm, Mr Ambrosie Bryant Chukwueloka (ABC) Orjiako, have been handed over to another investor. Business Post gathered that the divested equities were from the 29.8 million shares indirectly held by the oil magnate, which were registered in the name of Vitol Energy Limited. These stocks were held for the benefit of Shebah Petroleum Development Company Limited, a company owned by Mr Orjiako and members of his family. Before the recent sale, Mr Orjiako controlled 16.15 million ordinary shares of Seplat held directly

By Adedapo Adesanya The negative sentiment on the trading floor of the NASD Over-the-Counter (OTC) Securities Exchange was extended by another day, with the key market guages pointing south at the close of transactions on Thursday, November 21, 2019. Business Post reports that it was the third consecutive day the market for unlisted securities in Nigeria was closing negative this week, with both the NASD Security Index (NSI) and market capitalization finishing in red. An analysis of activities at the exchange yesterday showed that the market capitalization, which had closed Wednesday’s trading session at N512.08 billion, further shed 0.83 percent or

By Adedapo Adesanya Olam International has partnered Agropolis Foundation for this year’s Olam Prize for Innovation in Food Security, with the winner getting a $75,000 grant to support development and implementation of agriculture that will help tackle an impending global food crisis. The partnership aims to get ground-breaking scientific research that can deliver transformational impact within global agriculture. The 4th edition of the biennial Prize follows the recent warning from the United Nations World Food Programme that the COVID-19 pandemic will double the number of people suffering acute hunger by the end of 2020. Speaking on this, Mr Sunny Verghese,