Twitter Introduces Location Spotlight, Others to Benefit Professionals, Businesses

By Adedapo Adesanya The Minister of Communications, Innovation, and Digital Economy, Mr Bosun Tijani, has announced a N1 billion partnership between the ministry and IHS Towers, one of the largest independent communications infrastructure firms in the world, to establish the 3 Million Technical Talent (3MTT) Learning Community. The ministry earlier this month released a 31-page policy document titled Accelerating our Collective Prosperity through Technical Efficiency which outlined plans to boost the country’s economy through the use of technology. It said it would collaborate with other ministries and parastatals, including private sector stakeholders to drive opportunities for startups to facilitate the

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 newly appointed Executive Vice Chairman/CEO of the Nigerian Communications Commission (NCC), Mr Aminu Maida, has emphasized a need to focus on efforts that align with the Strategic Blueprint of the Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, and the digital economy drive of President Bola Tinubu. Mr Maida, who resumed duty on Tuesday, met with the Senior Management Staff of the commission where he highlighted his focus and emphasized all targets under his administration. Mr Maida started his day by taking a tour of the agency’s headquarters and held a productive meeting with

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

A number of Nigerian banks have offered credit facility worth N50 billion to Airtel Nigeria, a telecom company, which plans to list its shares on both the London Stock Exchange (LSE) and the Nigerian Stock Exchange (NSE) on July 4, 2019. In its offer prospectus, the firm said the loan agreement was signed on June 17, 2019, stating that the banks would allow it to make a repayment in five years, with two-year moratorium. “Airtel Nigeria entered into a bank facility agreement for an amount of N50 billion, which is available for a period of 180 days from the acceptance

Global innovator in customer engagement software, Freshworks, has announced the acquisition of a leading customer success management software company, Natero. The acquisition gives Freshworks a SaaS platform that unifies marketing, sales, support and, now, customer success. With Natero’s AI/ML-powered technology, the Freshworks platform puts actionable data in the hands of customer success professionals. This helps companies more easily predict and prevent customer churn, increase account expansion and manage more customers with fewer resources. Natero offers the premier customer success solution that combines predictive analytics, customer intelligence and workflow management. The data-driven platform enables businesses to proactively manage customer satisfaction and

By Dipo Olowookere Managing Director of Jaiz Bank, Mr Hassan Usman, has promised that the Nigeria’s premier non-interest (Islamic) lender will improve its funding to SMEs and real sector as part of its strategy for growth. Mr Usman gave this assurance while commenting on the nine-month results of the company for the period ended September 30, 2019, where the financial institution once again showed its capability of rounding up the year positively by posting impressive numbers. Key extracts of the nine-month financial scorecard of the lender released to the Nigerian Stock Exchange (NSE) recently indicated that total income rose by

By Adedapo Adesanya The Naira appreciated by N1 or 0.16 per cent against the United States Dollar at the Peer-to-Peer (P2P) window of the foreign exchange (FX) market on Monday to close at N624/$1 compared with last Friday’s N618/$1. At the parallel market, according to data harvested by Business Post from the various traders of forex on the streets of Lagos, the Nigerian currency was exchanged against its American counterpart at N605/$1. At the interbank market, the local currency appreciated against the Pound Sterling by 20 kobo to trade at N509.82/£1 versus the preceding session’s N510.02/£1 but against the Euro, it

By Adedapo Adesanya Transparency International (TI) has revealed “a more efficient measures” to tackle the rate of illicit financial flows into Nigeria. The agency said out of the $50 billion in Africa, Nigeria accounts for 34 percent in the sum of $17 billion on the continent. In collaboration with the Nigeria Financial Intelligence Unit (NFIU) and the Independent Corrupt Practices and Other Related Offences Commission, the bodies have called on the Central Bank of Nigeria (CBN) to enjoin all agencies under it to help tackle this problem. The partnership called on the apex bank to regulate the operators of the

By Adedapo Adesanya The Nigerian currency traded flat against the American Dollar at the parallel market, Peer-to-Peer (P2P), and the Investors and Exporters (I&E) windows of the foreign exchange (FX) market on Wednesday, November 28. Data showed that in the midweek session, the Naira was traded against the Dollar at N810/$1 in the peer-to-peer market and in the black market, it was stable at N810/$1 against the greenback. Also, in the Nigerian Autonomous Foreign Exchange (NAFEX) category, the value of the domestic currency remained unchanged against the Dollar at N446.67/$1, amid a 1.8 per cent or $1.52 million increase in

Private transport company owners under the aegis of Association of Private Transport Companies of Nigeria (APTCON) have called on stakeholders in the sector to tap into every potential the sector has to offer for its growth and development. Speaking on Sunday, the Convener of the association, Dr Henrietta Onwuegbuzie expressed the readiness of its members to energize the sector with trillions in fresh investments that will help grow the nation’s GDP. “It is our intention to fully mobilize and rally resources, both human and material, for the growth of the transport sector which has been identified by experts as capable

By Adedapo Adesanya The Lagos State Government has signed two deals bordering on waste management at the ongoing 28th session of the Conference of Parties (COP28) in Dubai, United Arab Emirates. According to Governor Babajide Sanwo-Olu, waste conversion initiatives, which the state pitched at the global climate summit, have attracted significant interest from investors. These are the Advanced Garbage Collection and Waste-to-Energy project and the building of a new sewage treatment plant. Mr Sanwo-Olu confirmed the deals on Sunday at an event held at Nigeria Pavilion, where he also presented Phase Two of the Lagos State Climate Adaptation and Resilience