Business

Danbatta Recounts Impact of NCC Local Content Policy, Says Business in Excess of N55bn Created

The local content polices of the Nigerian Communications Commission (NCC) has through Nigeria’s telecommunications industry created business in excess of N55 billion. Also the NCC policy ban on importation of whole￾body SIM cards has eased the burden on our demand for foreign exchange. The Executive Vice Chairman of the NCC, Prof Umar Danbatta made who […]

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Business

18 Entrepreneurs Seek $49.6m Intervention at Africa Social Impact Summit

African inventors and entrepreneurs are seeking $49 million from investors at the just concluded Africa Social Impact Summit (ASIS) to scale up their businesses. This is contained in a statement signed by Mrs Olapeju Ibekwe, Chief Executive Officer (CEO), Sterling One Foundation, made available to newsmen on Tuesday in Lagos. The News Agency of Nigeria […]

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News

POLICY: Nasarawa State and NASENI Mulls Partnership On Local Lithium Processing

The Nasarawa State Government and the National Agency for Science and Engineering Infrastructure (NASENI) are set to partner on a lithium processing policy that would ensure that Lithium mined in the State is processed locally instead of exporting it raw. The processing policy is in line with NASENI’s drive to encourage the processing of Strategic […]

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Business

Photo and Video Apps Surge in Five Years Hitting $12bn

As a key part of the social media experience, photo and video sharing has evolved over the past years. Today, photo and video apps have more users than ever, thanks to hundreds of millions of people willing to spend money on brushing up their digital presence and creating nice pictures. According to data presented by […]

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Business

Lawyer Bags Six Months Imprisonment Over Libelous Publication on Dangote

A magistrate court in Abuja has convicted and jailed a lawyer for six months over defamatory publication against the Dangote Cement Plc. The convict, Augustine Addeh, of the law firm, Mokidi and Co., had caused the publication of an advert in the Nation Newspapers of Friday November 6, 2015, where he falsely alleged that the […]

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Business

Cisco Expands Interest in Women-led Businesses Forming Alliance with WomenHub

Cisco is pushing further its interest for women-led businesses across Africa, and this around in commemorating Women’s Month, it went into partnership with non-profit organisation WomHub to launch two incubation hubs. The two Cisco EDGE Centres targeting women will be in Johannesburg and Cape Town. In a statement, the companies said the initiative aims to […]

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News

Indian-Based Software Giant, Zoho Charts Plan to Increase Workforce Amid Global Economic Hardship

Indian-based software firm Zoho plans to double its local workforce within a matter of months, says Hyther Nizam, president for Middle East and Africa (MEA). This comes as the company says it has grown its staff complement by 35% this year. “We just opened our Joburg office and we are on a hiring spree,” said […]

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Business

NCC Pledges to Unveil Impact of 2022 Indigenous Telecom Expo as Portal Opens for NTICE 2023 Expo Registration

The Nigerian Communications Commission (NCC) is set to showcase achievements so far recorded in the promotion of indigenous content in the telecommunications sector at the second edition of the Nigerian Telecommunications Indigenous Content Expo (NTICE 2023). The event which is coordinated by the Commission’s Nigeria Office for Developing the Indigenous Telecom Sector (NODITS), and has […]

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Business

MTN Group Mulls Sale of 30% Fintech Business to MasterCard for About $5.2bn

MTN Group is on the lookout for additional potential investors interested in acquiring a minority stake in its fintech business. This is according to MTN Group CEO Ralph Mupita, speaking at an investor conference call yesterday afternoon, following the release of the firm’s interim financial results for the six-month period that ended in June. The […]

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Business

Hunger Crisis Aggravates in Nigeria as Inflation Rate Hits 24.08% Amid Forex Scarcity

The hunger crisis is heading to the ocean of calamity as the July 2023 rate showed an increase of 1.29% points when compared to the previous month’s which was 22.79%. The figures from the National Bureau of Statistics (NBS) as revealed in its Consumer Price Index (CPI) report released on Today calls for concern. The […]

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