News

NCC to Provide N24.2bn for Internet Access at 20 Airports, Says Pantami

The Nigerian Communications Commission(NCC), has been saddled with the responsibilities of providing internet facilities at 20 airports, some institutions of learning and markets across the country. According to the Minister of Communication and Digital Economy, Prof Isa Panatami, who announced the approval after the Federal Executive Council, the project costing N24.2 billion will be spearhead […]

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News

Paystack Co-founder, Sola Akinlade Buys 55% of Danish Football Club

Co-founder and Chief Executive Officer of Fintech firm, Paystack, Shola Akinlade has bought a 55 percent stake in a second division Danish club, Aarhus Fremad. This was made public Tuesday in a statement on the website of local football club Sporting Lagos also founded by the 37-year-old entrepreneur. “We’re delighted to announce our investment in […]

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Business

E-Commerce Giant Alibaba to Split into Six Independent Companies

Chinese e-commerce giant Alibaba Group Holding Ltd. says it plans to split itself into six independently run companies that could seek separate IPOs. This comes just as co-founder, Jack Ma returned to China after spending some months overseas. Under the restructuring, Alibaba’s various businesses will be split up into six major areas: cloud computing, Chinese […]

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Foldable Phones Shipments to Reach 48.1 Million Units with Market Value of $42bn by 2027

Global shipments of foldable phones, including flip and fold form factors, to reach 21.4 million units in 2023. This represents an increase of more than 50% over the 14.2 million units shipped in 2022. An updated International Data Corporation (IDC) forecast projects that foldable phone shipments will reach 48.1 million units in 2027 with a […]

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Technology

Cyber Criminals Shift Attack to Educational Institution Targeting Students & Staff Data

As organisations across the globe contend with an increasing number of cyberattacks, schools and higher learning institutions are looking for innovative and cost-effective ways to protect their students, staff, and data from breaches and ransomware. “Unfortunately, cybercriminals don’t consider the ramifications of cyberattacks on schools. However, increasing cybersecurity awareness and allocating resources effectively can help […]

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News

Nigeria’s Domestic Airfares Up By 66.36% in One Year, Says NBS Report

The National Bureau of Statistics (NBS) has disclosed that domestic air transport fares increased by 66.36 per cent in the last one year. This was contained in its latest report titled, ‘Transport Fare Watch (February 2023)’. According to the Bureau, the average fare paid by air passengers in air travel for specified routes single journey […]

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Business

Agropartnership Farmforte ‘Flee’ With Investor’s N2.25m

Nigerian agribusiness platform Agropartnership startup, that went out of public glare over default of customers’ investment have apologised. The duo of Uyi Osayimwense and Osayi Osazuwa, founders of the agribusiness platform Agropartnership, were last seen in public on February 16, 2022, when Osayimwense apologised publicly to their numerous investors in a social media video. According […]

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Business

Nestlé Assures of Commitment to Safe Environment, Marks World Water Day with Ogun State Govt

Nestlé Nigeria has assured stakeholders of its to a safe environment as marks the 2023 World Water Day in collobaration with the and Ogun State Ministry of Environment has hosted a stakeholders’ forum to commemorate World Water Day 2023. Aimed at promoting sustainable water stewardship practices, the forum had over 400 stakeholders drawn from the […]

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Business

JUST IN: Nigerian Govt Removes Excise Duty for Telecoms Services Citing Stability in Cost of Service

The Nigerian Government has announced the removal of excise duty for telecom sub-sector of Nigeria’s Digital Economy Industry in line with the recommendations of the Committee it constituted to review the applicability of the Duty to the telecom sector which is considered already overburdened with taxation and sundry levies. The Minister of Communications and Digital […]

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Technology

Nigeria’s Academia Sets 2023 KPI Targeting $1.5m Research Grants & 10% Proposal Success Rate

Leaders in the Nigerian academic community have set the 2023 Key Performance Indicators (KPI) for research in their sphere of operation. They hope to grow research proposal success rate from 5% to 10%, and generate $1,500,000 in research grants. Giving details of the KPI, the Vice Chancellor Prof. Abiodun Musa AIBINU, Summit University Offa, Kwara […]

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