The Central Bank of Nigeria (CBN) has given approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and the Providus Bank Limited. The apex bank, in a statement by its acting Director of Corporate Communications, Hakama Sidi-Ali, said the move is designed to bolster the stability of the nation’s […]
Read MoreSeplat Energy Plc, Nigeria’s independent energy company is rising to the challenge of energy deficit in Nigeria through its new critical projects, which are capable of taking the company’s gas processing capacity to 850 Million standard cubic feet per day (MMscfd) consolidating the company’s position as a leading gas supplier to the Nigerian market. The Director […]
Read MoreAMA PRESS RELEASE Three-quarters of workers around the world believe GenAI will bring some level of disruption to the workplace. Despite uncertain times, they remain confident about their place in the labour market with 75% of Nigerians and Ghanaians willing to be retrained in any case and 23% if necessary to stay ahead in […]
Read MoreThe social media giant Meta Platforms plans to spend between $96 billion to $99 billion from the money it will make from your activities in all its platform: Facebook, Instagram, Threads and WhatsApp, among other products and services. As at June 30 of 2024, the already made $39 billion. “We expect full-year 2024 total expenses […]
Read MoreGoogle has violated US antitrust law with its search business, a federal judge ruled Monday, handing the tech giant a staggering court defeat with the potential to reshape how millions of Americans get information online and to upend decades of dominance. “After having carefully considered and weighed the witness testimony and evidence, the court reaches […]
Read MoreNestlé Nigeria underscored its commitment to youth empowerment and skill development at the recent graduation ceremony of ten young trainees from its Technical Training Centre (TTC) in Agbara. Since the program’s inception in 2011, the company has invested over six billion naira in upskilling young Nigerians, demonstrating its dedication to fostering the next generation of […]
Read MoreMeta, the parent company that owns Facebook, Instagram and WhatsAPP is offering a grant of $2 million to Africans who are able to develop applications in areas such as economic development, science and innovation and public service. The company made this known while unveiling the launch of the Llama 3.1 Impact Grants, in its continued […]
Read MoreThe number of satellites in orbit that can be leveraged for IoT connectivity will grow 150% over the next five years, according to report from Juniper Research. The report said that these satellites will grow from 10,000 in 2024 to over 24,000 by 2029; owing to increased demand for connectivity in nomadic locations from IoT […]
Read MoreThe Nigerian Communications Commission (NCC) has issued a directive to telecommunications operators to simplify their tariff plans, bundles, and promotional activities. The Commission in a statement issued by the Director, Public Affairs, Mr Reuben Muoka, said it wants the telecoms operators to provide clear, easy-to-understand, and accurate information about the cost of voice, short messaging service (SMS) […]
Read MoreVertiv, a global provider of critical digital infrastructure and continuity solutions, today introduced 1kVA to 3kVA capacities of the Vertiv Liebert GXE, an online double conversion, single-phase uninterruptible power supply (UPS) for 230V applications designed to support critical applications deployed at the network edge. With the addition of the new models, the Liebert GXE family is now […]
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