Yahclick, GCES to Offer 9mobile Better Satellite Services

By Adedapo Adesanya Data and AI technology company, Flapmax, has announced 12 startups selected for the second cohort of the FAST Accelerator startup programme, created in partnership with Microsoft to help strengthen and scale Africa’s digital ecosystem. Following the conclusion of its 2-week Online Bootcamp, which saw 60+ tech companies participate in intensive online training with experienced mentors, FAST Accelerator’s cohort of 12 startups will progress to a 5-week comprehensive acceleration experience in Silicon Valley, California, starting in October. Speaking on this, Mrs Mame-Fatou Gueye, SME Program Manager, Microsoft Africa Transformation Office, said, “Microsoft believes that African startups and small

Here’s how we’ve made Search more helpful over 25 years — and had a little fun along the way, too. When Google first launched 25 years ago, it was far from the first search engine. But quickly, Google Search became known for our ability to help connect people to the exact information they were looking for, faster than they ever thought possible. Over the years, we’ve continued to innovate and make Google Search better every day. From creating entirely new ways to search, to helping millions of businesses connect with customers through search listings and ads (starting with a local

By Adedapo Adesanya The Nigerian Communications Commission (NCC) changed the numbering format for fixed lines from January 1 next year. The agency said the fixed-lines numbering format will no longer be eight digits but would be 10 digits, with the addition of the 02 prefix before the existing fixed number. This change is totally different to the existing mobile numbering format. The decision is in keeping with its responsibilities under the enabling law, the Nigerian Communications Act (NCA) 2003, to manage Nigeria’s numbering resources, according to Mr Reuben Muoka, the Director of Public Affairs at the NCC, in a statement.

By Adedapo Adesanya Nigeria’s positive economic policy developments in the last couple of months have attracted the attention of one of the world’s leading ratings agency, Standard and Poor’s, stylised as S&P. One of S&P Global’s top sovereign rating analysts, Mr Gill, said that Nigeria, Africa’s largest economy as well as Kenya were seeing positive responses but added that South Africa was a slow-moving story of steadily rising debt to GDP. Nigeria is a country that S&P is now “watching closely,” Mr Gill said at the firm’s emerging market conference in London, the United Kingdom, on Tuesday. “It’s on a

By Adedapo Adesanya The Nigeria Employers’ Consultative Association (NECA) has appointed Mr Adewale Oyerinde as the Director-General of the association, effective on Monday, August 1, 2022. NECA’s President, Mr Taiwo Adeniyi, made this known in a statement on Sunday in Lagos. The position of Director-General became vacant following the demise of late Dr Timothy Olawale in September 2021. Mr Adeniyi said that Mr Oyerinde was expected to build on the legacies of professionalism and excellent service that the association was known for and take it to greater heights. Prior to his ascension, Mr Oyerinde was the Deputy Director and Head

By Dipo Olowookere One of the insurers listed on the Nigerian Stock Exchange (NSE), Great Nigeria Insurance Plc, has voluntarily delisted from the exchange. This followed the unanimous decision of shareholders of the company at its Extra-Ordinary General Meeting (EGM) held in Lagos last week. According to GNI, the delisting will afford it the opportunity to carry out an imminent corporate restructuring exercise to take advantage of emerging opportunities in the market and larger economy. The firm emphasised that the delisting will not in any way cause loss of its business as there are similar unlisted insurance companies commanding significant

By Aduragbemi Omiyale One of the major global airlines, Emirates Airlines, says it is introducing new recycled utensils for air passengers from June 2023 as part of efforts to reduce plastic pollution. The firm disclosed that this is part of its closed-loop recycling initiative, where millions of onboard items, such as plastic trays, bowls, snack and casserole dishes, will now be recycled in a local facility and remade into fresh, ready-to-use Emirates meal service products. Marking United Nations World Environment Day on June 5, Emirates said millions of old and damaged meal service items from Economy and Premium Economy Class

By Dipo Olowookere A Memorandum of Understanding (MoU) has been sealed between Leadway Assurance Company Limited and Total Nigeria Plc to sell third party motor vehicle insurance to the general public in some designated Total service stations across the country. The deal was signed in Lagos where the Executive Director, General Business, Leadway Assurance, Ms Adetola Adegbayi represented the Managing Director, Oye Hassan-Odukale and the Territorial Sales Manager (North), Total Nigeria Plc- Muftau Balogun represented the Managing Director, Total Nigeria Plc, Jean-Philippe Torres in Lagos. According to Ms Adegbayi, the agreement allows Leadway’s insurance products and services to be made

By Dipo Olowookere More details are beginning to emerge on the newly launched national carrier for the nation, Nigeria Air. According to reports, federal government, which announced having five percent stake in the new company, Nigeria Air Limited, said it would run the firm for one year before listing the shares through an Initial Public Offering (IPO). Nigeria Air is expected to finally begin operations by December 2018 after obtaining at least five airplanes of the 30 it plans to have. It was earlier disclosed by the Minister of State for Aviation, Mr Hida Sirika, that about $300 million would

By Dipo Olowookere Nigerian Exchange (NGX) Limited has reviewed its market indices for half-year, with some companies exiting and joining a few of the newly rebranded key market indicators. Analysis of the results of the review showed that United Capital was included in the NGX 30 index, while 11 Plc was removed following its voluntary delisting from the exchange. In the NGX oil & gas index, 11 Plc was also removed as well as in the NGX pension index, which had Vitafoam Nigeria joining the fold. As for the NGX Lotus Islamic index, Presco and Nigerian Aviation Handling Company (NAHCO)

By Dipo Olowookere EuroMena has announced the listing of Biopharm, one of its portfolio companies, on the Algiers Stock Exchange. The shares listed represent 20% of the company for a value of DZD 6.3 billion ($60 million). The company is the third company of EuroMena to successfully enter a stock market, after Siniora Food on the Amman Stock Exchange and the Palestine Securities Exchange on the Palestine Exchange. Biopharm is one of the leading Algerian pharmaceutical manufacturing and distribution companies owning c.15% market share in the Algerian market, with its revenues growing at c.45% over the past three years, reaching