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Business

Co-creation Hub Unveils $700,000 Investment into 50 Tech Startups in Edo State

Technology innovation centre, Co-creation Hub has announced an investment of $700,000 in tech startups based in Edo State to apply through its Innovation Challenge and Support programs. The initiative aims to accelerate the growth of technology-driven enterprises within the state. Under the investment programs, a total of 30 startups are set to receive $10,000 each, […]

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Business

Afreximbank Confirms Initial Disbursement of $2.25bn Under Syndicated $3.3bn  Crude Oil Prepayment Facility for Nigeria

African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 billion has been made. A second tranche of US$1.05 billion is expected to be disbursed subsequently. This landmark financing is Nigeria’s largest crude oil prepayment facility […]

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Business

STAFF TRANSFER: Current 4,233 Occupancy Level of 4,233 Exceeds Optimal Capacity of 2,700, Says CBN

The Central Bank of Nigeria (CBN) is set to transfer some of its departments from Abuja to Lagos State. According to an internal memo, the departments affected include Banking Supervision; Other Financial Institutions Supervision; Consumer Protection; Payment System Management, and Financial Policy Regulations. The move is to decongest the apex bank’s head office. THISDAY gathered […]

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AI & Computing

NITDA Lauds HND Computer Science Unbundling, Says, ‘ll Bridge IT Skills’ Gaps

The National Information Technology Development Agency (NITDA) has commended the recent decision by the National Board for Technical Education (NBTE) to unbundle the Higher National Diploma (HND) in Computer Science programme into four distinct specialisations: Artificial Intelligence, Network & Cloud Computing, Software & Web Development, and Cybersecurity and Data Protection. This visionary move is not […]

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Business

NITDA Flags-off Review of Guidelines for Registration of ICT Services to MDAs, Seeks Stakeholders Input

The Nigerian Government is reviewing the Guidelines for Registration of ICT Service Providers/Contractors engaged by Ministries, Departments, and Agencies (MDAs) of the Federal Government of Nigeria. According to the regulatory agency, the National Information Technology Development Agency (NITDA), the Government is undertaking the comprehensive review of the Guidelines for Registration of ICT Service Providers/Contractors to […]

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Business

Dangote Petroleum Refinery Starts Production 

Dangote Petroleum Refinery has commenced production of diesel and aviation fuel. Meanwhile, an elated President of Dangote Group, Mr Aliko Dangote, has thanked President Bola Ahmed Tinubu for his support, encouragement, and thoughtful advice towards the actualisation of this project. Dangote also thanked the Nigerian National Petroleum Company Limited (NNPC Limited), the Nigerian Upstream Petroleum Regulatory […]

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News

Tinubu Suspends National Social Investment Programme, Probes Activities

President Bola Ahmed Tinubu has suspended all administered programmes by the National Social Investment Programme Agency (NSIPA). Announcing the suspension in a statement on Friday, the Director Information, Secretary to the Government of the Federation, Segun Imohiosen, said the president’s decision was in view of the “ongoing investigation of alleged malfeasance in the management of […]

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Technology

Nigeria Unveils Development in Government Initiative to Digitally Empower Civil Servants

Nigeria innovation today unveiled a new project designed to build digitally empower civil servant, the initiative would see the introduction digital innovation and technology into governance in all levels government. The Minister of Communication, Innovation and Digital, Dr Bosun Tijani who announced the project to on his verified X handle, said, “Today, we announce #DevsInGovernment, […]

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BrandTech

Virtual Reality to Sharp Emerging Technology in 2024, Say Experts

The growing demand for immersive experiences is driving the evolution of advanced platforms and technologies. These innovations are set to transform how people engage with content and their environment, offering captivating virtual worlds and enhancing education, training, and various sectors like healthcare, consumer, retail, automotive, travel & tourism, and gaming, said GlobalData, a leading data […]

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News

Global PC sales rebound in Q4 2023 Ending Successive Quarterly Declines

Global PC shipments rebounded in the fourth quarter (Q4) of 2023, ending a streak of successive quarterly declines. This is based on insights by research firm Canalys, which says total shipments of desktops and notebooks rose to 65.3 million units in the last quarter of 2023, a year-on-year growth of 3%. The research firm reveals that […]

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