Startup Introduces Gamic for Users to Earn Money from Gaming

By Aduragbemi Omiyale A new data centre business known as Nxtra by Airtel has been unveiled by Airtel Africa Plc, with Mr the former head of Global Data Centre Portfolio Management at Amazon Web Services, Mr Yashnath Issur, appointed to lead the new organisation. Mr Issur is armed with about 16 years of experience in the industry and has, over the past year, built a team of experts to execute the strategy. Business Post gathered that Nxtra was established to meet Africa’s growing needs for trusted and sustainable data centre capacity and to serve the fast-growing African digital economy. The

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 Dipo Olowookere Mr Igbinidu Inneh has been appointed by the Edo State Governor, Mr Godwin Obaseki, as the new Executive Chairman of the Edo Internal Revenue Service (EIRS). A statement issued by the Secretary to the State Government, Mr Osarodion Ogie, disclosed that the appointment was approved by the Governor. However, he emphasised that Mr Inneh’s appointment is subject to the confirmation of the State House of Assembly. It was further disclosed that Mr Inneh, whose appointment takes immediate effect, will be assisted by other members of the Board; Mr Charity Aimanyaevbo, Mr Michael Ohio-Ezomo, and Mr Emmanuel Ehimare

By Adedapo Adesanya The Nigerian National Petroleum Corporation (NNPC) has said it is tapping into a number of business portfolios in the power, medical, housing and other sectors to strengthen the profitability of the national oil company. This is part of measures to cope with the changes in the global crude oil market and to sustain revenue generation for the country. This was disclosed in a press release signed by the NNPC Group General Manager, Group Public Affairs Division, Mr Kennie Obateru, who quoted the corporation’s Chief Operating Officer, Ventures and Business Development, Mr Roland Ewubare, as saying that the

By Investors Hub European markets are seeing modest strength during trading on Thursday as traders digest the Federal Reserve?s monetary policy announcement. While the U.K.?s FTSE 100 Index has risen by 0.3 percent, the French CAC 40 Index and the German DAX Index are both up by 0.1 percent. Specialty pharmaceutical company Indivior has fallen sharply after cutting its revenue outlook for its opioid addiction drug Sublocade. IG Group is also posting a steep loss after the British online financial trading firm said its CEO Peter Hetherington is stepping down. On the other hand, shares of TUI AG have moved

By Adedapo Adesanya, The NASD Over-the-Counter (OTC) Securities Exchange recorded a decline of 0.14 per cent on Wednesday after the share price of Central Securities Clearing System (CSCS) Plc closed lower. The company lost 31 Kobo in the midweek session to close at N14.20 per share compared with the previous closing price of N14.51 per share. It rubbed off the 17 Kobo price appreciation posted by Afriland Properties Plc, settling at N2.07 per unit versus Tuesday’s value of N1.90 per unit. At the close of transactions, the value of the unlisted securities market went down by N1.32 billion to N957.64

By Modupe Gbadeyanka Another feather has been added to the cap of Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider. Recently at the fourth edition of Green October Event 2018, an event organized by Alamode Magazine, the financial institution was adjudged as the Most Supportive Bank of the Year. This comes barely two weeks the lender grossed home three awards for its outstanding performance. Speaking at the event, Managing Director of Heritage Bank, Mr Ifie Sekibo, who was represented by Mrs Ozena Utulu, Head, Brand Management and Sustainability; commended the organizers for the recognition and honour. He explained that

By Dipo Olowookere Today, Wednesday, July 11, 2018, the Nigerian Stock Exchange (NSE) rules on nominal transfers have taken effect. A notice released yesterday by the NSE disclosed that the rules were approved by the Securities and Exchange Commission (SEC) and would be officially taking effect today. The rules on the nominal transfers are under the Rule 15.34 of the NSE Rulebook, from page 87 to 89. The NSE Rulebook is a compilation of all the rules, regulations and guidelines of the market regulator in one document, which facilitates quick and easy access to the Rules by Dealing Members, Issuers,

By Dipo Olowookere A total of 135 persons have now tested positive for the coronavirus disease in Nigeria after its first case on February 27, 2020. A statement from the Nigeria Centre for Disease Control (NCDC) on Tuesday said four new cases of the COVID-19 were recorded in Osun and Ogun States. According to the agency, three of the new reported cases were from Osun, while the remaining one was from Ogun State, which is expected to begin a lockdown from this Friday. “Four new cases of #COVID19 have been reported in Nigeria; 3 in Osun and 1 in Ogun.

By Dipo Olowookere The International Monetary Fund (IMF) has faulted the strategies being deployed by the Central Bank of Nigeria (CBN) to address the foreign exchange (FX) shortages in the country. In July 2021, the apex bank, after a monetary policy committee (MPC) meeting in Abuja, announced the discontinuation of forex sales to Bureaux De Change (BDC) operators, claiming they were part of the FX crisis in the country. At the next MPC meeting, the CBN, through its governor, Mr Godwin Emefiele, declared that the black market was illegal and blamed a platform aggregating the rates at the segment, AbokiFX,