Tizeti Gets Debt Financing from Chapel Hill Denham

By Adedapo Adesanya The Minister of Communications, Innovation, and Digital Economy, Mr Bosun Tijani, has revealed that plans to onboard three million tech talents in Nigeria will be done in phases, starting with the training of 30,000 persons in the next three months. Appearing as one of the lead guests at Moonshoot by TechCabal, a two-day event organised by the tech publication in Lagos on Wednesday, he said his ministry would apply a 1-10-100 model, which by definition is a three-phase model. “We are using a 1-10-100-model. We are starting with 1 per cent of our 3 million target, and

By Adedapo Adesanya Stakeholders in the tech industry have advocated more investments in resources to boost the training of Nigerian youths in digital technology skills. This call was made by some top speakers and panellists at Tekifest’23, a coming together of tech minds focused on exploring the future of work, technology, innovation, and tech excellence, which took place on November 29 at The Zone, Gbagada in Lagos. Organised by Tekisite, the non-profit organization dedicated to training teenagers in digital technology skills in suburban communities, the event themed The Future Of Jobs: Talent Pipeline Investment hammered the need to take advantage

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 Precious Olisa A Cameroon-based company, Koree, has emerged as the winner of the 2023 edition of the Ecobank Fintech Challenge, going home with a prize of $50,000. The firm was announced as the winner of the contest by the panel of judges during the competition’s grand finale at the bank’s headquarters at the Pan African Centre in Lomé, Togo. The organisations made it to the final from an initial pool of over 1,400 fintechs from 64 countries, underscoring the significant growth in popularity of the competition since its inception six years ago, as well as the wealth of innovation

By Dipo Olowookere World-class Inspection, Training and Rope Access services company, JC International, has joined others across the world to celebrate the Customer Service Week. The firm, in a statement signed by its Service Delivery Manager of the company, Engr Charles Onyuku, restated its commitment towards ensuring delivery of consistent quality services to all its various customers across the Oil and Gas, Marine and Construction industries. According to Mr Onyuku, Customer Service Week is an opportunity for a service-driven organisation like JC International to reflect deeply on the quality of services rendered to customers. He emphasised that every service-oriented company

By Modupe Gbadeyanka Trading in the Nigerian stock market finished positive on Tuesday, reversing Monday’s poor performance. The major market indicators closed northward with the All-Share Index rising by 147.93 points or 0.59 percent to finish at 25,284.56 points, while the market capitalisation advanced by N51.2 billion to end at N8.75 trillion. Trading of shares on the floor of the Nigerian Stock Exchange (NSE) improved yesterday compared with what was recorded on Monday, Business Post correspondent reports. A total of 228 million shares were exchanged in 2,543 deals by investors on Tuesday at the rate of N928 million in contrast

By Adedapo Adesanya The NASD Over-the-Counter (OTC) bourse last week (Week 39) ended in the bullish territory as the unlisted securities index rose by 1.74 per cent to close the week at 732.57 points against 720.02 points. It was also a week of smiles for investors whose wealth rose by N9.22 billion in value and this led the NASD OTC market capitalisation to close at N538.12 billion compared to N528.90 billion in the previous week. However, there was a 75.9 per cent decrease in the total value of stocks traded during the week as investors transacted securities worth N26.0 million

By Dipo Olowookere The GSMA has announced on Monday the first speakers for its Mobile 360 Series, Middle East conference taking place in Dubai 17-18 October 2016. The mobile industry-focused event, which is now in its fourth year, brings together representatives from the region’s largest operators and technology companies to debate the key opportunities and challenges facing the industry in the Middle East and North Africa (MENA). The first speakers confirmed for the event include: Osman Sultan, CEO, Du; Hatem Dowidar, CEO International Operations, Etisalat; Mats Granryd, Director General, GSMA; Lin Yanqing, VP Marketing, Huawei Middle East; David Irvine, CTO,

Moroccan telecom operator known for its digital innovations, inwi, has launched its mobile money service “inwi money,” which works on Comviva’s mobiquity® Money, one of the world’s largest mobile money platform. The service offers consumers a quick, convenient and secure way to perform multiple financial transactions such as person-to-person money transfer, airtime purchase, bill payments and merchant payments. Customers can access the service using any type of mobile phone through “inwi money” mobile application or USSD menu. The service is available in French and Arabic languages. It facilitates multiple levels of registrations ranging from self-registration to agents supported registration. “inwi

By Adedapo Adesanya The West African Power Pool (WAPP) has reiterated plans to interconnect Nigeria, Niger, Burkina Faso, and Benin with transmission lines before the end of 2023. This followed resolutions made at the 52nd WAPP executive board meeting which took place over the weekend as part of the 16th session of the WAPP General Assembly in Ouagadougou, Burkina Faso. Speaking at the event, the Chairman of the board, who is also the Acting Managing Director/CEO of the Transmission Company of Nigeria (TCN), Mr Sule Abdulaziz, reiterated the commitment of the pool towards completing the WAPP North Core Project, a transmission

By Dipo Olowookere The successive losses at the domestic stock exchange were temporarily halted on Wednesday after the key performance barometers ended in a stalemate when the closing gong was struck by 2:30 pm. This occurred as the level of activity waned in the midweek session, as the trading volume, value and the number of deals finished lower by 85.19 per cent, 62.50 per cent, and 9.24 per cent, respectively. This was because investors transacted 255.2 million shares valued at N1.8 billion in 3,890 deals compared with the 1.7 billion shares valued at N4.8 billion traded in 4,286 deals on

By Modupe Gbadeyanka The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has disclosed that in the month of April 2017, money supply (M2) contracted by 8.48 percent, annualized to a contraction of 25.44 percent in contrast to the provisional growth benchmark of 10.29 percent for 2017. Coming out from its quarterly meeting held on Monday and Tuesday, the committee also pointed out that money market interest rates moved in tandem with the level of liquidity in the banking system. It noted that rates were relatively stable during the review period, explaining that the interbank call rate