Foreign investments into telecoms dropped by 77% Foreign investments into Nigeria’s telecommunication sector fell by 77.35 per cent year-on-year in the first half of the year, despite the rollout of 5G services in the country. In the first six months of 2023, total capital importation into the telecoms sector was[Read More…]
Odii assumes duty as SMEDAN DG, pledges more funds for SMEs The newly-appointed Director-General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Mr Charles Odii, has pledged to eliminate barriers inhibiting the growth of Small and Medium Enterprises (SMEs) in Nigeria. Odii made the pledge while assuming duty[Read More…]
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…]
NESG tasks Food producers on food fortification compliance, workforce nutrition In a bid to ensuring that food fortification is established in the industrial levels to foods commonly consumed by large populations and workforce nutrition for economic growth and development, Nigerian Economic Summit Group (NESG), in collaboration with eHealth Africa[Read More…]
MAN tasks FG to deploy comprehensive, concerted effort for Nigeria Manufacturers to compete effectively Manufacturers Association of Nigeria, (MAN) has said that for Nigeria to compete effectively, a comprehensive and concerted effort needs to be deployed by the Government to overtake the binding constrain that limit local production[Read More…]
BREAKING: Tinubu appoints new EFCC Chairman President Bola Tinubu has appointed Mr. Ola Olukoyede as the new Chairman of the Economic and Financial Crimes Commission, EFCC. According to a statement by presidential spokesman, Ajuri Ngelale, on Thursday, he said by the powers vested in President Tinubu as established in section[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…]
