Business

Over 200 Schools Set to Battle for N15 Prize at Ecobank Chess Championship

More than 200 schools have so far registered for the National Schools’ Team Chess Championship being organized by Ecobank Nigeria in collaboration with Nigeria Chess Federation (NCF). The competition is open to students from primary to tertiary education level with prizes of over N15 million to be won. Vice President, Nigeria Chess Federation, Prince Adeyinka […]

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Economy

Nigeria’s Telecoms Industry FDI Drops Again, Domestic Investments Crash by 36.1% Amid Increasing Operational Cost

The Capital Inflow (Foreign Direct Investment) into the Nigerian Telecoms Industry in the Year 2022 dropped significantly to about USD399,905,531.38 as against USD753,044,446.35  recorded for the year 2021, similarly domestic investment dropped by 36.1% Meanwhile, Telecoms industry contribution to the Nigerian Gross Domestic Products went up from 12.61% in the Fourth Quarter, 2021 to 13.55% […]

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Business

Nigeria’s Oil Production Inches Closer to 1.7mbpd, Says NNPCL

Crude oil production is nearing 1.7 million barrels per day, according to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari. This was revealed by the NNPCL boss, as he addressed stakeholders at an engagement between the Nigerian Association of Petroleum Explorationists and the NNPCL in Lagos on Saturday. According […]

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Business

AFRICA CEO FORUM: Dangote Seeks More Investments to Leapfrog Africa’s Economic Growth

President of the Pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote has called for increased investments in the African continent to foster its rapid growth and development. Speaking at the largest gathering of private sector leaders in Africa, the Africa CEO Forum in Kigali, Rwanda, Dangote emphasized that recent trends underscore Africa’s pivotal role as […]

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Business

Seplat Energy Wins Best Sustainability Reporting Award

Seplat Energy Plc has emerged winner of the Best in Sustainability Reporting Award at the maiden Corporate Reporting Award, organised by the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Ltd (NGX RegCo). The recognition was announced at the ICAN/NGX RegCo Awards ceremony held in Lagos. It was a platform to recognise the […]

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News

ICAN, NGX Honour Dangote Cement’s Corporate Reporting Prowess

Dangote Cement has been honoured with the top prize at the inaugural Corporate Reporting Award, jointly organized by the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Limited. The leading cement manufacturer received the Platinum award for excelling across all three reporting categories, showcasing exemplary reporting practices that comprehensively address all relevant aspects […]

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Financial

FINALLY: CBN Withdraws Cybersecurity Levy Circular After FG Suspension

The Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing banks to implement a controversial 0.5% cybersecurity levy on electronic transactions. The decision of the apex bank to withdraw the circular followed the public outrage that trailed the announcement of the policy two weeks ago and the suspension of the levy by the […]

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Business

Western Digital Unveils New Capacity 2.5” Portable HDDs as Part of Product Lineups Expansion

Western Digital has introduced a product range into the market namely: .HDDs across its WD, WD BLACK, and SanDisk in its  professional lines Director of Product Management at Western Digital, Nitin Kachhwaha while unveiling the product explained said, “continue to redefine the boundaries of possibility. Offering up to 6TB within such a compact form factor and […]

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News

JUST IN: NCC Temporarily Stops Issuance of Three Major Licences

The Nigerian Communications Commission (NCC) has temporarily stopped the issuance of new licences. According to a statement issued by the Director of Public Affairs of the NCC, Mr Reuben Muoka, the following categories affected are: 1. Interconnect Exchange Licence 2. Mobile Virtual Network Operator Licence 3. Value Added Service Aggregator Licence The Commission noted that […]

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Business

Mobile Internet Usage Gap in Low & Middle-Countries Shrinks as 66% of Women Grab Access 

Women in low- and middle-income countries (LMICs) are increasingly adopting mobile internet much faster than men, after stalling amid the COVID-19 pandemic. So said Claire Sibthorpe, Head of Digital Inclusion in the mobile for development team at the GSM Association (GSMA), commenting on the findings of The Mobile Gender Gap Report 2024. Compiled by the […]

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