Visa Enables Use of Cryptocurrency for Transactions

By Modupe Gbadeyanka As part of efforts to meet the target of equipping one million technical talents with the requisite knowledge to excel in the industry, Moniepoint has sponsored the training of the pioneer cohort of the HatchDev programme. The HatchDev initiative is the brainchild of Nithub University of Lagos, designed to produce hundreds of market-ready software engineers every year. The scheme, which runs for nine months and started in October 2022, aspires to shape 300 junior software engineers, 100 intelligent systems developers, and 100 IoT/embedded systems engineers. The first beneficiaries have been trained to be readily absorbed into a

By Aduragbemi Omiyale For the fifth consecutive year, Interswitch has received the ISO 22301 recertification for Business Continuity Management (BCM) after a rigorous surveillance audit process. A leading provider of audit and certification services in the field of information security and privacy, MSECB, served in the capacity of auditors for the certification process. The certification process involved rigorous audits and evaluations of Interswitch’s business processes, contingency plans, and disaster recovery capabilities. In a statement, Interswitch enthused that maintaining the ISO 22301 certification is a testament to its comprehensive approach to risk assessment, mitigation, and recovery planning. The achievement of the

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 Aduragbemi Omiyale The Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmad, has expressed her displeasure about redesigning the Naira notes by the Central Bank of Nigeria (CBN). At the 2023 budget defence session with the Senate Committee on Finance, the Finance Minister said it was not the thing to do now, informing the lawmakers that her ministry was never consulted by the apex bank concerning the issue. Mrs Ahmed said she only heard about the policy in the media, just like every other Nigeria, despite being in charge of the country’s fiscal policy team, urging the committee,

By Dipo Olowookere Insurance companies operating in Nigeria have been given a one-month extension for the submission of their first quarter financial statements. The insurers are supposed to file the results latest April 30, 2020, but the coronavirus pandemic has forced businesses to lock down or operate remotely. In a statement issued some hours ago, the National Insurance Commission (NAICOM) said the submission of first quarter returns has been extended by one month in the interim. It then urged all operators to comply with safety precautions issued by the National Centre for Disease Control (NCDC) and the federal government. The

From May 29-30, 2019 in Banjul, The Gambia, the Economic Commission for Africa (ECA) and the International Trade Centre (ITC) held a Gambian Private Sector Workshop on the African Continental Free Trade Area (AfCFTA). The AfCFTA was launched on March 21, 2018 in Kigali, Rwanda and a year later, the Gambia was the 22nd nation (the minimum threshold needed for the Agreement to enter into force) to ratify the agreement and deposit its instruments of ratification with the AU Commission Chairperson. As a result, the AfCFTA entered into force on May 30, 2019. The AfCFTA means expanded market access, lower

By Adedapo Adesanya The amount left in the country’s Excess Crude Account (ECA) has plunged by 98.9 per cent to $376,655.09 from the $35.7 million it was as of June 2022. This was disclosed in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for July 2022 in Abuja on Tuesday. The FAAC didn’t give any explanation for the huge decline in the ECA, which was set up by President Olusegun Obasanjo as a reserve for earnings above the benchmark from the sale of crude oil. The slump in the ECA came as allocation to

By Modupe Gbadeyanka **Threatens to Seize Beer Parlour Violating Sit-at-Home Order Governor Nyesom Wike of Rivers State has threatened that the state government will not hesitate to acquire any beer parlour or public drinking joint caught operating. On Thursday, March 26, 2020, the Governor in a television broadcast directed closure of all businesses in the state and ordered residents to sit at home. This was part of efforts to protect the state from the coronavirus pandemic, which eventually found its way into the state some hours after the televised address. On Monday (today), Mr Wike, in another broadcast, expressed his

By Adedapo Adesanya  After posting their fourth consecutive gains on Tuesday, top oil futures struggled to end the fifth straight day on Wednesday despite US government data showing a decline in crude inventories. Oil prices dropped earlier in the day after the data contradicted Tuesday’s report of a rise in crude inventories from industry group American Petroleum Institute (API). The figures had showed that crude inventories in the United States rose by 4.7 million barrels last week to 452 million barrels, leading investors to a post-settlement sell-off in oil futures. Following this, prices recovered on Wednesday night as Brent crude,

By Adedapo Adesanya Four companies spurred the NASD Over-the-Counter (OTC) Securities Exchange into positive territory in the 24th week of trading in 2023. 11 Plc, Central Securities Clearing System (CSCS) Plc, Geo-Fluids Plc, and Industrial and General Insurance (IGI) Plc increased the value of the NASD OTX exchange by 1.04 per cent in the four-day trading week. Consequently, investors’ portfolios rose N10 billion to move the market capitalisation of the bourse to N1.024 trillion from the N1.014 billion it closed in the preceding week, amid fresh confidence in the nation’s capital market following recent market-welcoming policies, including the floating of

By Adedapo Adesanya The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mr Muhammad Shehu, has lamented over the number of Nigerians in the tax bracket, saying it is too small compared with the population of the country. In an interview with the News Agency of Nigeria (NAN), he said that less than 40 million Nigerians of the 200 million people (about 20 per cent) are currently included in the tax system and are paying taxes. According to him, Nigerians need to start contributing their taxes to boost government revenue and improve public service delivery. In his words,