To strategically position Nigeria in the frontline of current global drive towards artificial intelligence (AI) development, the Federal Government has secured $3.5 million seed fund for Nigeria’s Artificial Intelligence (AI) strategy implementation from development and other independent partners. The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, made this disclosure on Friday at the […]
Users of Liquefied Petroleum Gas (Cooking Gas) paid an average retail price of N6,591.62 in March for refilling a 5kg Cylinder of the commodity, representing an increase by 42.97% from N4,610.48 they paid for the same volume in March 2023 On a month-on-month basis, the average price paid the users indicated 7.10% increase from N6,154.50 […]
Investment researchers at Bancorp Securities Limited, a leading investment research and consulting firm, have predicted appreciable positive sentiments in the Nigerian Exchange trading sessions as investors would reposition amidst the previous week’s lower prices The experts, in the firm’s ‘Weekly Stock Recommendation: April 22 – April 26th 2024’ report noted that the nation’s economic landscape […]
The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has expressed the readiness of the agency to partner the United States Agency for International Development (USAID) and other relevant stakeholders to address Nigeria’s food insecurity challenge. Inuwa made this remark when he received representatives from USAID, led by the Senior Digital Advisor […]
Despite concerns being expressed by analysts about Nigeria’s rising debt stock, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced on Sunday that the Federal Government had secured approval of the World Bank for $2.25 billion loan. Edun, who gave this hint during a press conference at the annual meetings […]
The Federation Account Allocation Committee (FAAC) on Friday confirmed that it shared a total sum of N1123.391 billion from the March 2024 Federation Account revenue to the Federal Government, States and Local Government Councils. The Committee, in the communiqué issued at its April, 2024 meeting, stated that the N1123.391 billion total distributable revenue comprised statutory […]
Kaspersky, a Russian multinational cybersecurity and anti-virus services and solutions provider, has raised new concerns about the rising trends in the malware development market as new stealers such as Lumma, Redline remained the dominant data-stealing malware used by cybercriminals. Kaspersky Digital Footprint Intelligence latest findings showed that more than half of every device (55%) targeted […]
The Nigerian Capital Market Committee (CMC) has expressed its full support for the various policy measures of the Central Bank of Nigeria (CBN), particularly on the foreign exchange (FX) markets and recapitalization of banks, in view of the socioeconomic benefits to the country. The committee gave the commendation on the apex bank’s policies at its […]
A delegation from South Korea has met with the management of the Nigerian Communication Commission (NCC) with a view to exploring collaborative options on the establishment of Information Access Centre (IAC) in Nigeria The IAC will help to develop critical knowledge and tools, especially in the field of communications, to promote innovation and development in […]
Despite sundry reform initiatives of the President Bola Tinubu-led administration to revitalize the nation’s economy, latest forecast from the International Monetary Fund (IMF) indicated that Nigeria’s economy continued its unimpressive performance, dropping into the fourth position in Africa economies’ ranking chart. This is coming barely two years after it was ranked as Africa’s largest economy […]