Business

Binance Nigeria Exports $26bn in Last One Year through  Unidentified Sources, Security Operatives Detains Top Executives

The Office of the National Security Adviser, is expected to invite and quiz executives from other cryptocurrency platforms in the country, Channels TV has gathered, a day after two executives of Binance were held and questioned by the NSA’s office. On Wednesday, the Financial Times reported that two senior executives of Binance had been detained […]

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Business

Nigeria Needs Game-Changing Legislation to Diversify Economy, Says Inuwa

The National Information Technology Development Agency (NITDA), needs relevant stakeholders to collaborate in leveraging this game-changing legislation to diversify the economy and create opportunities for indigenous tech innovation enterprises. According to the Director General of NITDA, Kashifu Inuwa, the Agency is in search for local partners for its Founder Institute (FI) 2023 Startup Accelerator Programme, […]

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Economy

Mobile Industry Invest Over $9bn on ITU’s Universal Connectivity Programme

ITU Secretary-General Doreen Bogdan-Martin said over $9 billion in investment commitments was received mobile operator groups to extend global connectivity. The announcement, made at Mobile World Congress (MWC), builds on the mobile industry’s strong support to ITU’s efforts to connect the world. Alongside the new commitments, the UN Digital Agency also announced that it now […]

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Business

SAP, Cisco, PayPal, and Farfetech Lead Massive Layoff in Tech Industry with Almost 41,800 Jobs Gone

After a shocking number of job cuts in 2023, the worst year the tech industry has ever seen, the massive wave of layoffs continues this year. Although the tech giants have weathered the crises and come out the other side relatively unharmed, many have continued cutting their staff numbers in the last two months. According […]

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News

Dangote Cement Trucks Wrongfully Intercepted In Adamawa, Says Dangote Group

The management of Dangote Cement Plc has stated that two of its trucks that were wrongly intercepted in Adamawa State have been released. The company stated the two trucks loaded with 900 bags of cement each from the Obajana Cement Plant were on their way to Jamtari, Maiha Local Government, Adamawa State, based on a […]

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Business

We Want to Make Nigeria Exporter of Tech Talents, Says Minister

The overall target of one of the flagship programmes of the Ministry of Communication, Innovation and Digital Economy is to create jobs for the teeming Nigerian youths. The Minister, Dr Bosun Tijani, said that the programme which is geared towards training three million technical talents in four years,  is to make Nigeria a net exporter […]

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Business

JUST IN:Nigerians Internet Data Consumption Habit Widens. Hits 713,200.6 Terabytes

More Nigerians are spending more time on  the internet and consuming huge amounts of internet data subscription according to statistics released by the Nigerian Communications Commission (NCC) yesterday, while Nigerians were busy celebrating Valentine festival. The figures which were sighted by TechnologyMirror, that more citizens are now on the internet consuming huge amounts of data […]

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Business

Non-compliance with Data Protection Act Inimical to Nigeria’s Petroleum Industry, Warns NDPC

The non-compliance with the Data Protection Act would have dire consequences on the Nigeria’s petroleum industry, and as such there is the need for the regulatory agency concern to adhere to the enabling laws. According to the National Commissioner/CEO, Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), needs […]

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Business

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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News

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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