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E-Payment Transactions Hit N42.76Trn In Q3, 2019

The National Bureau of Statistics (NBS) has reported that the value of e-payment transactions in the nation’s banking sector rose to N42.76 trillion in 800,201,498 transactions during the third quarter this year. The bureau, in its latest report titled ‘Selected Banking Sector Data Q3 2019’ stated that the figures were the available data on electronic […]

Banking Economy News Extra Latest News Professionals & HR Devt. Technology

AfDB, Microsoft Launch Digital Training Platform For African Youths

The African Development Bank (AfDB) and technology solutions giant, Microsoft, on Tuesday today launched the ‘Coding for Employment’ digital training platform, an online tool to provide digital skills to African youths across the continent. The platform, launched at the 2019 African Economic Conference in held in Egypt, aims to promote a continuous learning culture among […]

Budgeting Economy News Extra Infrastructure & Capital Projects Latest News Manufacturing Technology Telecomms

World Bank Lists Challenges To Nigeria’s Entrepreneurial Ecosystem

The World Bank Group on Thursday reported that although Nigeria is the largest mobile market in Sub Saharan Africa (SSA) with a strong mobile broadband infrastructure and a vibrant digital entrepreneurial ecosystem, the lack of infrastructure and connectivity in the country’s rural areas is a key challenge. The Breton Woods institution disclosed this during the […]

Budgeting Economy News Extra Latest News National Assembly Oil & Gas Technology

Senate Tasks FG On Oil Sector Operations’ Computerization

The Senate has advised the President Muhammadu Buhari-led government to initiate the process of computerising the nation’s oil sector in line with industry’s best practices globally. The upper chamber of the Legislature pointed out that computerization of the hydrocarbon resources industry would curb the multifaceted challenges associated with the oil and gas production, transportation and […]

Environment Latest News National Assembly Power/Electricity Science 'n' Technology Technology

Senate Tasks FG On Nuclear Regulatory Authority’s Repositioning

The Senate has urged the Federal Government to re-position the Nigerian Nuclear Regulatory Authority with a view to ensuring safety, security safeguards and physical protection of nuclear materials, including hazardous wastes in Nigeria. Similarly, the upper chamber also charged the executive arm of government to re-engineer and recognize the Nigerian Atomic Energy Commission, while calling […]

Banking Economy News Extra Latest News Technology

Sterling Bank Reports N47.53Bn Net Income Growth, Other Positive Indices

Sterling Bank Plc has reported a net interest income growth of N47.53 billion for the third quarter ended September 30, 2019 as against N39.834 billion for the corresponding period of 2018, representing a growth of 19.3 percent. According to the figures on the lender’s performance over the period, the growth in the net interest income […]

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Agric Mechanisation Will Boost Productivity, Create Jobs – FG

The Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono, has said that mechanized farming will boost the nation’s agricultural production capacity and create more jobs for Nigerian youths if explored. The Minister made this remark during a town hall meeting with the All Farmers Associations of Nigeria (AFAN) and other relevant stakeholders in Kano […]

Economy News Extra Latest News Oil & Gas Technology

NNPC Digitizes Downstream Operations To Enhance Market Efficiency

The Nigerian National Petroleum Corporation (NNPC) on Monday said digitization of its downstream operations had been embarked on with a view to positioning it more effectively in the marketing of petroleum products competitively. The corporation’s Chief Operating Officer, Downstream, Mr Adeyemi Adetunji, gave this hint while declaring open the 13th Oil Trading and Logistics Expo […]

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Dangote, GE Seal Pact To Digitize Cement Plants’ Operations

Dangote Cement Plc has signed an agreement with GE to modernize seven GE LM6000PC Aeroderivative gas turbines and install the Asset Performance Management (APM) digital solution at Dangote Cement plants located in Obajana and Ibese, Nigeria. The terms of the deal also include Service Agreement Extension for additional 50,000 operating hours for each of the […]

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Three Nigerian Firms Make Africa’s 12 Best Investment Opportunities List

Three Nigerian companies have been selected as among the best in Africa in terms of investment opportunities and are set to participate in the Venture Capital for Africa’s (VC4A’s) Venture Showcase forum slated for Johannesburg, South Africa, next month. A news report by Africa Press Organisation (APO) Group on behalf of the VC4A, the organizers […]