Business

Massive Data Centres, Global Connectivity, Subsea Cables Signal Advent of 5lR , Says CEO OADC

The AI-driven 5IR is set to drive tremendous change and the emergence of ‘digital unicorns’ in Africa. Advanced data centres are underpinning this transformation. This is according to Dr Ayotunde Coker, CEO of Open Access Data Centres (OADC), a WIOCC Group Company, Africa’s leading provider of comprehensive, integrated core digital infrastructure solutions and managed network […]

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Business

Lagos Teachers Sign $1bn Digital Education Deal with US Firm to to Generate over 2,400 High-Paying Jobs

The National Association of Proprietors of Private Schools (NAPPS) in Lagos State has announced a $1 billion agreement with Digital Learning Network Inc. (DLN), a US-based education technology business, to transform digital education in Nigeria. The project, which is fully funded by DLN, aims to improve educational quality and promote social inclusion across the country by […]

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Business

NCC Strategic Vision Plan Enters Last Lap as Document Recounts Major Gains 

The Nigerian Communications Commission (NCC) strategic vision plan (SVP) that runs from 2023 to 2025 is on its last lap as it is expected to end this year. The SVP is ending in year when the telecoms industry players are expecting an increase in telecoms tariff amid harsh economic clime and Government lip service towards […]

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Business

FBN Holdings Plc & Two Others Top Trading as Market Capitalisation Closes at N64.5 trl

The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation appreciated by 1.80 per cent each, to close the week at 105,451.06 and N64.303 trillion respectively. Theses are against 103,586.33 and 63.166 trillion posted last week. Consequently, equity investors gained a total of N1.137 trillion for the week under review. Similarly, all other indices finished […]

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Business

Falana/Citadel vs Zinox: FIRS Document Floors Benjamin Joseph Denials

A document from the Federal Inland Revenue Service (FIRS) has debunked the claim under oath by Benjamin Joseph, Chief Executive Officer of Citadel, that he was not aware of the contract executed by his company at FIRS. The details emerged when the case between Citadel Oracle Concept Limited and Zinox Technologies came up again at […]

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Internet

Four Chinese Internet Fraudsters Falls into EFCC Traps in Abuja for Scamming Europeans from Nigeria

EFCC Arrests Four Chinese, 101 Others for Suspected Internet Fraud in Abuja In its ongoing efforts to clean the nation of internet fraud and other acts of corruption, operatives of the Economic and Financial Crimes Commission, EFCC, have arrested four Chinese and 101 Nigerians in a business apartment in the Gudu axis of Abuja. They were […]

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Financial

Internet Fraudster Expert Jailed for Defrauding  American of $345,000

An internet fraudster expert, Chima Nkwocha, a.k.a “Young Billionaire has been jailed for two years for defrauding an American identified as Linda Wheeler of $345,000. A statement by the Economic and Financial Crimes Commission (EFCC), said Nkwocha was jailed after he was arraigned before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, on […]

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Business

First Bank Nigeria Spreads Footprint Deeper Across Africa Targeting Ethiopia, Angola & Cameroon

More than a decade after an acquisition spree that boosted its footprint in sub-Saharan Africa, First Bank of Nigeria Limited is looking to expand into several other countries, including Ethiopia, Angola and Cameroon. Deputy Managing Director, Ini Ebong, said in an interview that “There are a number of large economies with large banking pools that […]

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StartUps

Nigerian Startups Lead as Aurora Tech Award 2025 Unveils Top 120 Female Founders

The Aurora Tech Award-an annual award put together to celebrate the boldest and most ambitious female founders in emerging markets, has unveiled the list of participating Nigeria start-ups dominate the list. A statement issued by inDrive, said that out of a record-breaking 2,018 applications from 116 countries, Nigeria leads the longlist with an impressive 21 […]

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Business

Nigeria Beats 54 African Countries in Cyber-Crime War to Clinch INTERPOL Ranking, Gets Kudos for Digital Safety

The Nigeria Police Force National Cyber-crime Centre (NPF-NCCC) has been named the Best Cyber-crime Unit in Africa for 2024 by the INTERPOL Cyber-crime Directorate in Singapore, ranking first among 54 African countries. According to the NPF-NCC, the achievement demonstrates the Nigeria Police Force’s commitment to combating cyber-crime and improving citizens’ digital safety. It went on to say: […]

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