WhoGoHost Acquires 100% Stake in Cloud Startup SendChamp

By Aduragbemi Omiyale Young Nigerians living in Abuja who intend to deepen their knowledge in digital education now have a place to go, GoMyCode’s hackerspace. The facility would be used to train and transforms participants into skilled professionals, ready to navigate the digital age. It is the fifth hackerspace the company is establishing in Nigeria, solidifying its footprint in the country. Similar facilities are already in Yaba, Ikeja, Festac and Lekki, all in Lagos. The transformative mission of GoMyCode’s is to democratise tech education and empower thousands of students in the country, equipping them with critical digital skills to support

By Adedapo Adesanya After a three-year hiatus, the National Agency for Science and Engineering Infrastructure (NASENI) has moved to restart the Delta-2 project, a technology transfer programme between Nigeria and the Czech Republic. The Nigerian agency and its Czech equivalent, the Technology Agency of Czech Republic (TA-CR) signed a Memorandum of Understanding in 2014 in Prague on critical areas of technology transfer and innovations, which resulted in the co-funding of the Czech-Nigeria Bilateral R&D project on the Delta-2 Programme. The programme started in 2020 but got stalled. Now, NASENI, in a statement, said the project may soon continue as the

New search trends released by Google show that search interest in AI has reached an all-time high in Nigeria. The trends show that people have searched for AI more than ever in 2023 so far, with interest rising 310% since last year, and by 1,660% in the last five years. Google’s research also revealed the top trending questions being asked about AI across Nigeria. Here, Google West Africa Director, Olumide Balogun, answers some of the most frequently asked questions. What is Artificial Intelligence and how does it work? AI is a type of technology that can learn from its environment,

By Dipo Olowookere Clients of Nigeria’s leading investment banking institution, Stanbic IBTC Capital Limited, have been assured more innovative and best-in-class solutions. The chief executive officer of Stanbic IBTC Capital Limited, Mr Funso Akere, gave this assurance while reacting to the four awards won by the subsidiary of Stanbic IBTC Holdings Plc at the 2021 Europe, Middle East, and Africa (EMEA) Finance African Banking Awards. The EMEA Finance Banking Awards, now in its 14th edition, recognises the achievements of top commercial and investment banks as well as asset management and brokerage operations in the EMEA region. Business Post reports that

By Adedapo Adesanya  The gains posted by crude oil on Monday morning amid escalating tensions in the Middle East moderated later in the night prices on the back of increased output from non members of the Organisation of the Petroleum Exporting Countries (OPEC). Members of the oil cartel had agreed to reduce the volume of crude oil supplied to the international market so as to keep prices high, but yesterday, non-OPEC members flooded the market with oil due to rise in prices as a result of killing of a Iranian military chief by a United States drone. Earlier on Monday,

By Adedapo Adesanya  The NASD Over-the-Counter (OTC) Securities Exchange returned to the green territory on Tuesday, January 7, 2020, after closing flat for seven straight sessions. During transactions yesterday, the major market indicators pointed north, with the market capitalisation rising by 0.07 percent or N350 million to close at N501.49 billion compared with N501.14 billion it quoted on Monday. Following the same trend was the NASD Unlisted Security Index (NSI), which also moved up by 0.07 percent or 0.50 points to close at 698.04 points in contrast to 697.54 points of the previous day. Furthermore, the exchange recorded a rise

By Adedapo Adesanya The National Insurance Commission (NAICOM) has set a September 2021 deadline for insurance companies across the country to complete their recapitalization process. The commission made this known in circular numbered; NAICOM/DPR/CIR/25-04/2020, dated Wednesday, June 3, 2020, and sent to all insurance and reinsurance companies. In the notice signed by its Director, Policy and Regulation, Mr Pius Agboola, entitled Segmentation of Minimum Paid-Up Share Capital Requirement for Insurance and Reinsurance Companies in Nigeria, NAICOM noted that the COVID-19 pandemic has affected the previous deadline of December 2020. As a result, there have been a review of the recapitalisation

By Nneka Okumazie The poverty situation in Nigeria is an emergency. The lives of many are a difficult and distressing experience. The country is supposed to come at poverty with all kinds of programs, solutions, tests, products, etc. But poverty seems to be a spectacle and hardship is cinematic. Many have understood that government does next to nothing, so they aim their crossfire at the church of God. They want the church to help the poor, build schools, hospitals, etc. But these are the wrong ideas of how to eradicate poverty, or what the church should do. Poverty is mainly

By Adedapo Adesanya An American investment bank, JP Morgan, has said the major reason why Nigeria’s foreign exchange market remains illiquid is that despite the liberalisation of the landscape, the Central Bank of Nigeria (CBN) retains a level of control through its intervention mechanisms. On Tuesday, the local Naira depreciated on the US Dollar at three tracked segments: Investors and Exporters (I&E) (N770/$1), the parallel market (N890/$1), and the Peer-to-Peer (P2P) (N905/$1). The bank, in its market research document on the Nigerian economy titled, Reform pause rather than fatigue, released over the weekend, showed that since the CBN introduced adjustment

By Adedapo Adesanya, Dipo Olowookere The gross domestic product (GDP) of Nigeria grew by 0.51 per cent in the first quarter of 2021, data from the National Bureau of Statistics (NBS) released on Sunday night has revealed. This is the second straight growth the nation’s economy is recording after it slipped into a recession in the third quarter of 2020, Business Post reports. In the second quarter of last year, the economy contracted by 6.10 per cent and in the third quarter of the year, the GDP declined by 3.62 per cent, resulting in a recession. However, in the fourth

By Adedapo Adesanya The Nigerian Football Federation (NFF) has announced the beneficiaries of the N772 million ($2 million) COVID-19 relief funds given by the Federation of International Football Association (FIFA) alongside sponsors like Nike and Coca-Cola. The palliative serves as a booster for the preparation of the 2020/2021 league season, following the devastating effects of the coronavirus pandemic. In a communiqué issued after the NFF Executive Committee meeting via a video conference on Monday, the total sum to be disbursed is made up of $1,000,000 (being FIFA’s support for restarting the football season); $500,0000 (being FIFA’s dedicated support for women’s