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Business & Finance

Glo To Display Digital Solutions At Africa CEO Forum

Telecommunications solutions provider, Globacom, has announced that its unique digital solutions would be on display at the Africa CEO Forum scheduled to hold in Kigali, Rwanda on March 25 and 26. Globacom, an apex Diamond Partner of the Forum, said it would showcase how its massive infrastructure and voice and data connectivity solutions could serve as a catalyst for the ... Read More »

Dana Air Increases Lagos-Abuja Flight Frequency

Dana Air has introduced more flights options from Lagos to Abuja and Abuja to Lagos with low fares. According to a statement by the airline’s Media and Communications Manager, Kingsley Ezenwa, starting from March 18, 2019, the airline would operate additional flights from Lagos to Abuja at 6.48am, 10.08am, 12.15pm, 13.44pm, and 5.10pm while flights from Abuja to Lagos will ... Read More »

CBN To Maintain Tight Monetary Policy, Estimates 12% Inflation

The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has projected that the current monetary policy stance of the bank is expected to continue while inflation is estimated to rise to 12 per cent and moderate thereafter. He said this while making a presentation on ‘Setting the agenda for economic growth and business confidence,’ following the conduct of elections in ... Read More »

Dollar Edges Lower, Sterling Up On Brexit Deadline Extension

The dollar eased against a basket of currencies on Friday while sterling gained slightly on news that Prime Minister Theresa May had bought a bit more time to resolve when and how Britain exits from the European Union. Against a basket of six key rival currencies, the dollar slipped 0.2 per cent to 96.314. The index had risen three-quarters of ... Read More »

Huawei To Deepen Investment In Nigeria

Boost inclusion for channel partners The Information and Communications Technology (ICT) industry in Nigeria is rising up to the occasion, as ICT increasingly becomes the foundation for digital economies and producing an intelligent world, Huawei Technologies Co., Ltd, has said. In an age with rapid advancements in ICT innovation solutions, technologies such as 5G, AI, IoT, and cloud computing are ... Read More »

Konga Rated In Top League Of Globally Viable Start-Ups

E-commerce giant Konga has emerged among an exclusive list of globally viable start-ups and corporate organizations after achieving top scores in a rating by Early Metrics, an independent rating agency for start-ups and innovative SMEs. The rating places Konga in a rarefied club of the top 14% of the 2,100 startups rated globally as at March 2019, further justifying the ... Read More »

Nigeria Loses $400m Annually To Foreign Software Developers

Experts have decried the huge loss Nigerian incurs annually on foreign software. According to them, Nigeria spends over $400 million annually on foreign software licence renewal without recourse to indigenous software that could perform the same task. nformation and Communications Technology (ICT) stakeholders who gathered in Lagos, at a recent roundtable on the use of Nigerian software in the financial ... Read More »

NSE Places Diamond Bank Shares On Full Suspension

The Nigerian Stock Exchange has said the ongoing merger scheme between Access Bank Plc and Diamond Bank Plc would result in the delisting of Diamond Bank from the daily official list of the Exchange. The NSE, on Wednesday, placed the shares of Diamond Bank on full suspension, following the final approval of the Central Bank of Nigeria and the Securities ... Read More »

Bad Roads Not Cause Of Accidents On Highways –Fashola

Injuries and avoidable accidents that occur on highways are not always due to bad roads as claimed by road users, the Minister of Power, Works and Housing, Babatunde Fashola, has said. According to him, road accidents are largely due to speeding and the recklessness of drivers, as no driver speeds on a bad road. Fashola disclosed this in Abuja at ... Read More »

Workers On Pension Scheme Hit 8.4m In Q4, 2018 —NBS

The National Bureau of Statistics said the number of registered workers under the pension scheme in the fourth quarter, 2018 hit 8, 410,184 compared to 8,136,202 registered workers in the second quarter, 2018. NBS said this in its “Pension Asset and RSA Membership Data Q4, 2018” released on its website. The bureau said that the Pension Fund Asset, under management ... Read More »