Yabx Enters Mexico to Expand Latin American Market Share

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

On Wednesday, Google rolled out its Search Generative Experience (SGE) in the SSA region as an opt-in experiment in Search Labs. This AI-powered experience is available in English. With new breakthroughs in generative AI, Google is reimagining what a search engine can do and is bringing these powerful new capabilities to Search in a bold and responsible way. This powerful new technology can unlock entirely new types of questions that Search could not previously answer and transforms the way information is organized in Search to help people sort through and make sense of what’s out there. Improving Search with generative

By Aduragbemi Omiyale The Managing Director of Payment Processing & Switching at Interswitch Purepay, Mr Akeem Lawal, has said the company will always throw its full weight behind conversations aimed at improving the payments industry. Mr Lawal said this ahead of the 2023 annual conference of the Committee of e-Business Industry Heads (CeBIH) scheduled to take place from Tuesday, December 5, 2023, to Wednesday, December 6, 2023, in Lagos. He is one of the speakers slated to attend the event with the Managing Director of Verve International, Vincent Ogbunude; and the Managing Director of Digital Infrastructure and Managed Services at

By Modupe Gbadeyanka The unveiling of Digital Innovation & Creative Excellence (DICE) on Wednesday, November 8, 2023, will be witnessed by critical stakeholders in the technology industry. DICE is an initiative of Beyond Limits in partnership with key stakeholders in the tech, business, and creative ecosystem. The company, established by an expert in the field, Ms Juliet Ehimuan, has themed the launching of the initiative as Solve for Africa: Co-Creating a Tech-Enabled Future. Those expected to grace the occasion include the Minister of Communications and the Digital Economy, Nigeria, Mr Bosun Tijani; the founder of MainStreet Technologies, Ms Funke Opeke;

By Modupe Gbadeyanka Federal Government on Tuesday inaugurated the interim board of the Bank of Agriculture (BoA) in Abuja. The bank was established to provide succour to farmers in the country especially in terms of funding support. The board was inaugurated by the Minister of Agriculture and Rural Development, Mr Audu Ogbeh, who tasked the company to come up with ways to make agriculture another major foreign exchange earner in Nigeria. He charged the interim board of the bank to reduce the lending rates and recover loans. He also said the agriculture lending rate should be at a single digit.

By Investors Hub Asian stocks turned in a mixed performance on Monday as oil resumed its ascent, Intel reported record quarterly revenue and the U.S. dollar steadied after recent weakness on concerns about trade. Chinese stocks fell the most in over two months as investors took profits after recent strong gains. The benchmark Shanghai Composite Index dropped 34.63 points or 1 percent to 3,523.50, while Hong Kong’s Hang Seng Index fell 187.23 points or 0.6 percent to 32,966.89. Wynn Macau shares were down almost 6 percent following a report detailing sexual misconduct from casino magnate Steve Wynn. Japanese shares ended

By Dipo Olowookere The bearish sentiment and profit-taking witnessed at the Nigerian Exchange (NGX) Limited in the past few days continued as the domestic bourse closed lower by 0.47 per cent on Wednesday. Investors shrugged off the statement made by the spokesman to President Bola Tinubu, Mr Ajuri Ngelale, that the government would retain the current pump price of N568 per litre without returning fuel subsidy despite the landing cost and others hitting N651 per litre. This was because his media briefing at the State House on Tuesday concerning this issue left many Nigerians confused because selling below the landing

By Adedapo Adesanya The African Export-Import Bank (Afreximbank), the International Islamic Trade Finance Corporation (ITFC), the Trade Finance Arm of the Islamic Development Bank (IsDB) Group; and the Arab Bank For Economic Development in Africa (BADEA) are to launch a $1.5 billion Collaborative COVID-19 Pandemic Response Facility (COPREFA) to help the continent get back on its feet. COPREFA will be accessed by eligible central banks, commercial banks and businesses to finance the import of medical supplies, as well as agricultural equipment and fertilizers essential for addressing the pressing food production deficit. The programme is also designed to support African economies

By Dipo Olowookere Efforts to safeguard pipelines across the country from vandals and fire outbreaks in line with best safety practices have been intensified by the Nigerian National Petroleum Corporation (NNPC). Group Managing Director of NNPC, Dr Maikanti Baru, disclosed that this was his agency’s determination to ensure that the current steady supply of petroleum products nationwide was sustained. Speaking while receiving a delegation of the Occupational Safety and Health Association, (OSHA) UK, Nigeria Chapter, at the NNPC Towers, Abuja, Mr Baru said the corporation would continue to monitor its pipelines and collaborate with the law enforcement agencies to safeguard

By Adedapo Adesanya If Nigeria is to drive for change in agriculture across Africa, then it is time to look at the utilization and application of digital technology, the Vice President of the country, Mr Yemi Osinbajo, has said. According to Mr Osinbajo, who made this statement on Wednesday at the panel discussion session of the African Green Revolution (AFGR), being held at International Conference Centre, Accra, Ghana, the application of digital technology was the way forward for the continent. The event, which holds between September 3 – 6 focusing on the theme Grow Digital: Leveraging Digital Transformation to Drive

By Modupe Gbadeyanka First City Monument Bank (FCMB) Plc has announced being in talks with shareholders of Legacy Pension Managers Limited for the acquisition of additional 60 percent stake in the pension fund  administrator. The lender said in a notice to the Nigerian Stock Exchange (NSE) on Monday that the 60 percent addition would raise its stake in Legacy to 88.2 percent. This would make the bank the majority shareholder of the company and therefore makes Legacy Pension Managers Ltd a subsidiary of FCMB Plc. Legacy Pension is a private limited liability company incorporated on April 7, 2005 and is