Nigeria’s inflation rate is now at 28.9 %, according to figures from the National Bureau of Statistics (NBS). This was disclosed in the NBS December 2023 Consumer Price Index (CPI) which was released on Monday afternoon. The CPI measures the rate of change in the prices of foods and services. Before Monday’s release, the country’s […]
Read MoreThe Chief of Defence Staff (CDS), General Christopher Musa, in company of top officials of the Nigerian National Petroleum Company (NNPC) Limited on Monday, inspected a vessel caught with about 200,000 litres of stolen crude. The vessel was arrested by a joint sting operation carried out by the Nigerian Navy and a private security firm […]
Read MoreArtificial intelligence poses risks to job security around the world but also offers a “tremendous opportunity” to boost flagging productivity levels and fuel global growth, the IMF chief told AFP. AI will affect 60 percent of jobs in advanced economies, the International Monetary Fund’s managing director, Kristalina Georgieva, said in an interview in Washington, shortly […]
Read MoreAMA PRESS RELEASE The Bill & Melinda Gates Foundation today announced its largest annual budget to date as it works toward the goal of a healthier, more prosperous world for all. With global health budgets in decline overall, a portion of the additional funding will go toward advancing global health innovations that will save and […]
Read MoreThe Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, yesterday, assured the West African Telecommunications Regulators Assembly (WATRA) of the Commission’s continued support in fulfilling its strategic role in shaping the regulation of the telecoms sector in the sub- region. Engr. Aliyu Aboki, the Executive Secretary of the West Africa Telecommunications […]
Read MoreEcobank, the pan-African financial services group, unveils its new brand campaign ‘A BETTER WAY , A BETTER AFRICA’ yesterday, at the TotalEnergies CAF Africa Cup of Nations Côte d’Ivoire 2023 (AFCON). Ecobank is a proud official sponsor of the TotalEnergies CAF Africa Cup of Nations Côte d’Ivoire 2023 and is leveraging the unifying, exhilarating, and […]
Read MoreTelecoms operators will generate $400 billion in service revenue from 5G networks in 2024; an annual growth of 32% from 2023, says Juniper Research. However, the report anticipates that as 5G penetration rates become saturated amongst consumers, it will be imperative for operators to launch services over 5G networks that provide value to enterprise IoT […]
Read MoreTechnology innovation centre, Co-creation Hub has announced an investment of $700,000 in tech startups based in Edo State to apply through its Innovation Challenge and Support programs. The initiative aims to accelerate the growth of technology-driven enterprises within the state. Under the investment programs, a total of 30 startups are set to receive $10,000 each, […]
Read MoreAfrican Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 billion has been made. A second tranche of US$1.05 billion is expected to be disbursed subsequently. This landmark financing is Nigeria’s largest crude oil prepayment facility […]
Read MoreThe Central Bank of Nigeria (CBN) is set to transfer some of its departments from Abuja to Lagos State. According to an internal memo, the departments affected include Banking Supervision; Other Financial Institutions Supervision; Consumer Protection; Payment System Management, and Financial Policy Regulations. The move is to decongest the apex bank’s head office. THISDAY gathered […]
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