Business

Huawei Appoints CDN as Exclusive Distributor for IDEA Hub

Huawei Technologies has appointed CDN as the exclusive distributor for its IDEA Hub in Africa. This partnership is a bold initiative to deliver cutting-edge technological solutions to businesses, educational institutions, and diverse organizations throughout the continent. Huawei’s IDEA Hub stands as an innovative technological solution, seamlessly integrating video conferencing, interactive whiteboarding, and wireless projection into […]

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Dr Vincent Olatunji 
 News

Data Protection Commission Mulls Fresh Guidelines and Regulations to Deepen Compliance Culture in Nigeria

The Nigeria Data Protection Commission may soon release fresh guidelines and regulations for various purposes in order to ensure a robust Data Protection culture in Nigeria. The National Commissioner/CEO, Dr Vincent Olatunji  who made this known during a ,consultative meeting with representatives of Data Protection Compliance Organisations (DPCOs) further said that the DPCOs have been […]

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Business

Shell to Sell Nigerian Onshore Oil Business, SPDC Staff Retains Job

Shell said it has reached an agreement to sell its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance. Renaissance is a consortium of five firms made up of four exploration and production companies based in Nigeria and also an international energy group. “Completion of the transaction is subject to […]

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Business

Regulatory, Cyber, and Economic Risks Greatest Fear of Nigerian Businesses, Says Report

Cyber incidents  such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally in 2024, according to the Allianz Risk Barometer. The closely interlinked peril of Business interruption ranks second. Natural catastrophes(up from #6 to #3 year-on-year), Fire, explosion (up from #9 to #6), and Political risks and violence (up from #10 to #8) are the biggest […]

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Business

More Nigerians Abandon Retail Supermarket, Shoprite as Kano Outlet Shutdown

Avalanche of the hard economic climate is telling hard as more Nigerians now abandon retail shopping in supermarket, where they cannot bargain. Residents in Kano, one of Nigeria’s largest commercial city are reacting to the crisis and have abandon Retail Supermarket Nigeria Limited, operating as Shoprite Nigeria. The company, consequently have closed its Ado Bayero […]

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AMA

Meta’s Digital Micropayments Facilitator,TPAY to Enable Mobile Payments in Egypt

AMA PRESS RELEASE TPAY MOBILE, META’s most reliable digital micropayments facilitator, today announces through its partnership with Tencent, the launch of Direct Carrier Billing for PUBG MOBILE in Egypt. This launch provides gamers in Egypt to easily purchase PUBG MOBILE UC (unknown cash) through the official PUBG shop ‘Midasbuy’ and the UC they purchased is […]

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Business

Nigeria’s Inflation Rate Rises to 28.9% as Food Prices Continue Spinning Out of Contro

Nigeria’s inflation rate is now at 28.9 %, according to figures from the National Bureau of Statistics (NBS). This was disclosed in the NBS December 2023 Consumer Price Index (CPI) which was released on Monday afternoon. The CPI measures the rate of change in the prices of foods and services. Before Monday’s release, the country’s […]

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Chief of Defence Staff (CDS), General Christopher Musa (centre) addresses pressmen.
 Business

Nigerian Navel Intercepts Vessel with Stolen Crude, 23 Arrested

The Chief of Defence Staff (CDS), General Christopher Musa, in company of top officials of the Nigerian National Petroleum Company (NNPC) Limited on Monday, inspected a vessel caught with about 200,000 litres of stolen crude. The vessel was arrested by a joint sting operation carried out by the Nigerian Navy and a private security firm […]

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AFP: IMF Managing Director Kristalina Georgieva
AI & Computing

AI Holds Risks but with ‘Tremendous Opportunity’ for Global Economy, Says IMF Chief

Artificial intelligence poses risks to job security around the world but also offers a “tremendous opportunity” to boost flagging productivity levels and fuel global growth, the IMF chief told AFP. AI will affect 60 percent of jobs in advanced economies, the International Monetary Fund’s managing director, Kristalina Georgieva, said in an interview in Washington, shortly […]

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Business

Amidst Declining Global Health Budget Bill & Melinda Gates Foundation Signs $8.6bn  to Save, Improve Lives in 2024

AMA PRESS RELEASE The Bill & Melinda Gates Foundation today announced its largest annual budget to date as it works toward the goal of a healthier, more prosperous world for all. With global health budgets in decline overall, a portion of the additional funding will go toward advancing global health innovations that will save and […]

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