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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
The Central Bank of Nigeria (CBN) has released a new regulatory template guiding all forms of electronic payments and collections for public and private sectors in the country. The apex bank stated that the monetary policy measure, which was taken furtherance of its powers under enabling Act 2007, was a revision of the Guidelines on […]
Tecno Mobile, a global leading mobile phone company, has launched new smartphones Camon 12 Air with upgraded camera to unlock a new image era of innovative shooting performances. Described as one of the most remarkable camera devices, the latest smartphone from the company’s stable, is coming with the initiative Dot-in Display and 16MP+2MP+5MP AI Max […]