How global firms are reacting to the Israel-Hamas conflict Global companies with a presence in Israel have suspended operations or asked employees to work from home as the country wages war on Hamas in the Gaza Strip. Below are some of the steps being taken by firms in industries ranging[Read More…]
Nigeria Ranks 4th On World Bank Borrowers’ List With $14.3Billion Debt World Bank has ranked Nigeria fourth position on the top 10 of its International Development Association (IDA) borrowers’ lost with $14.3 billion in debt. This was revealed in a World Bank Fiscal Year 2022 audited financial statement, which[Read More…]
NITDA opens application for N5m AI research grant for tech startups The National Information Technology Development Agency (NITDA), with the support of the Federal Ministry of Communications, Innovations and Digital Economy, has unveiled the Nigeria Artificial Intelligence Research Scheme, which provides up to N5 million in grants to tech startups[Read More…]
Oil Marketers To Resume Fuel Importation Oil marketers will soon resume importation of Premium Motor Spirit (PMS), popularly known as petrol into Nigeria as the Federal government moves to end the Nigerian National Petroleum Company Limited (NNPCL)’s monopoly of importation. This sequel to a meeting the marketers: Depots and Petroleum[Read More…]
InDrive invests over N70m to boost drivers safety in Nigeria InDrive has invested over N70 million to demonstrating its firm commitment to elevating urban mobility safety standards in Nigeria. According to the firm, these funds are specifically allocated for the distribution of safety helmets and jackets for its drivers[Read More…]
Telcos renew push for tariff hike, others Mobile network operators (MNOs) have renewed the push to hike the end-user tariff of telecom services in the country, citing high cost of doing business. They urged President Bola Tinubu to cancel the recently suspended 7.5 per cent Value Added Tax (VAT) imposed[Read More…]
Heirs Insurance Group unveils digital centre Heirs Insurance Group has announced the launch of Nigeria’s first-ever digital insurance centre – the Heirs Insurance Experience Centre. Based in Transcorp Hilton, Abuja, the centre provides one-stop shop for the group’s products and services. The centre features an interactive screen, enabling users[Read More…]
Nigerian Exchange appoints New Chairman, Ahonsi Unuigbe Nigerian Exchange Limited (NGX) has appointed Mr. Ahonsi Unuigbe as its new Board Chairman, effective 27 September 2023, following the retirement of Mr. Abubakar Mahmoud. The shareholders of NGX also approved the appointment of Mr. Jude Chiemeka as Executive Director, and[Read More…]
USAID organises roadshow to introduce American investors to opportunities in Nigeria The United States Government, in partnership with the U.S. Agency for International Development (USAID) Mission in Nigeria and the U.S. Prosper Africa and Power Africa initiatives, is organizing a roadshow scheduled from October 9 to 13 to introduce[Read More…]
Africa will earn over $70bn from internal trading – AfCFTA The Africa Continental Free Trade Area has said that internal trading will earn Africa more than $70 billion development assistance. The Chief of Staff of the AfCFTA Secretariat, Silver Ojakol, made the assertion at the 2023 Regional Integration Issues Forum[Read More…]
