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 Business
  • February 14, 2024

JUST IN: Nigeria Government Backing-Out of Electricity Subsidising After Incurring Debt of N1.3 trl to Gencos & $1.3bn to Gas Coy

The Nigerian Government, which last year removed fuel subsidy, now seems weary of its subsidisation of electricity supply to the citizens. Indeed, the Minister of Power, Adebayo Adelabu, said Government of President Bola Tinubu cannot continue to subsidise electricity, adding that the nation must begin to move towards a cost-effective tariff model, as the country […]

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Business
  • February 14, 2024

Nigeria’s Oil Exports Increase by 60.8% in Q3 of 2023, Says OPEC

The Organisation Of Petroleum Exporting Countries (OPEC) has revealed that the oil exports in Nigeria grew significantly by 60.8% in the third quarter of 2023. “Throughout 3Q23, exports witnessed a remarkable 60.8% increase, and imports soared by 47.7%, culminating in a trade surplus of NGN1,888.92 billion in that period,” its Monthly Oil Report released Tuesday […]

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Hardware
  • February 14, 2024

Samsung Semiconductor Revenue Market Share Dwindles by 40% in 2 Years

Samsung’s semiconductor market share dwindled by about 40% in the last 2 years. The firm’s worldwide market share in the semiconductor industry was 7.5% in 2023, down from 12.3% in 2021 according to .Stocklytics.com, The site’s financial analyst, Edith Reads, comments: “Samsung faces challenges aligning with the changes happening in the semiconductor industry worldwide, where […]

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Business
  • February 14, 2024

Top 10 Most Viewed YouTube Channels Hit Over 1.2 Trillion Views

Last year, Internet users spent over 23 hours per month watching YouTube, nearly as much as TikTok, the absolute winner in this category. A huge chunk of this time was spent watching some of the most popular YouTube channels, which count hundreds of millions of subscribers and hundreds of billions of views. According to data […]

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BrandTech
  • February 14, 2024

Digicel Goes Live With BroadForward Diameter Router

Digital Operator Digicel has gone live with the BroadForward Diameter Routing Agent (DRA). The BroadForward DRA has replaced the legacy DRA systems while the BroadForward STP earlier replaced the IP Transfer Point (ITP) systems that were in use at 26 of Digicel’s markets in the Caribbean and Central America. At the heart of the Digicel network, the BroadForward DRA provides intelligent […]

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Business
  • February 14, 2024

Expert Hypes on eCommerce Impact on SMEs Business Growth, Lauds Ecobank’s  MySME Initiative 

Operators of small and medium enterprises (SMEs) in the country need to leverage on eCommerce to boost sales and grow their business.  This view was canvassed by Chief Commercial Officer, Jumia Nigeria, Ijeoma Arum,  in her presentation titled: Growing your business, presented at the maiden edition of Ecobank Nigeria’s MySME Growth Series. The MySME Growth Series is an […]

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Business
  • February 14, 2024

Moniepoint, NITHub Unilag Open Application for HatchDev Programme  

Moniepoint Inc, Africa’s digital financial services provider, in collaboration with NITHub Unilag, have announced a call for applicants into the second cohort of the highly competitive HatchDev programme. This initiative, aimed at nurturing the next generation of market-ready software engineers, has received widespread recognition for its impactful contribution in helping to bridge the skilled tech […]

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Business
  • February 14, 2024

Wigwe’s Demise: Access Holdings Appoints Bolaji Agbede as Acting CEO

Access Holdings Plc has appointed Bolaji Agbede as the Acting Group Chief Executive Officer following the death of Herbert Wigwe. Wigwe, who was the Group Chief Executive Officer of Access Holdings, died in a helicopter crash in the US over the weekend alongside his wife, son, and a former Group Chairman of the Nigerian Exchange Group […]

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Business
  • February 13, 2024

Africa’s Telecom Industry Set for Boom as Initiatives for Affordable Smartphones Gain Momentum

Initiatives to make smartphones more affordable will gain momentum this year, as the race to get more people in Sub-Saharan Africa online heats up. Kenechi Okeleke, director of regional, social and policy research at GSMA Intelligence, made that remark while highlighting telecoms market expectations for the region. Sub-Saharan Africa remains the fastest-growing mobile region in […]

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Business
  • February 13, 2024

Commission Opens Registration Portal for Data Controllers, Processors & Others

Nigeria Data Protection Commission (NDPC), has unveiled a portal for registration of Data Controllers and Processors. The Commission urged all entities, including businesses, educational institutions, healthcare providers, and other organisations that collect personal data of individuals, that registration is mandatory in accordance with Section 5(d) of the Nigeria Data Protection Act, 2023. In a post […]

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