Nigeria’s Vice President, Kashim Shettima, projected on Thursday that the African Continental Free Trade Area (AfCTA) agreement had the potential to raise Africa’s gross domestic product (GDP) by $450 billion in 2035. Shettima, who made this forecast at a breakfast event with African Heads of State to launch the Action Plan for AfCTA on the […]
Samsung Electronics, one of the leading high-powered electronics manufacturing companies globally, has launched its latest premium smartphones, the Galaxy S24 series, incorporating multiple artificial intelligence (AI) functions to compete with Apple. The innovative initiative comes after Apple surpassed Samsung in 2023 smartphone shipments for the first time since 2010, primarily driven by strong demand for […]
Despite complaints by bank customers over excessive charges by banks, the Federal Government has approved the payment of Electronic Money Transfer Levy (EMTL) for all foreign currency (FCY) transactions. In recent years, customers of the deposit money banks (DMBs) and other financial institutions (OFIs) had been lamenting over sundry charges being imposed on them and […]
Apparently worried about the lamentations of telecom subscribers over services disruptions, the Nigerian Communications Commission (NCC) has put its earlier directive on the phased disconnection of Globacom Limited (Glo) by MTN on hold for a period of 21 days. The telecom industry regulator in a Pre-Disconnection Notice signed by its Director, Public Affairs, Reuben Mouka, […]
The World Economic Forum’s (WEF’s) AI Governance Alliance (AIGA) released on Thursday three new reports on advanced artificial intelligence (AI) which focused on generative AI governance, unlocking its value and a framework for responsible AI development and deployment. The alliance, which comprised governments, businesses and experts, was set up to shape responsible AI development applications […]
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Ltd (NNPCL), Mr. Mele Kyari, has canvassed the need for collaboration between academia and the oil and gas industry operators in order to addressing the nation’s lingering energy insufficiency. Kyari, gave the charge on Wednesday as a guest lecturer during the 2024 faculty […]
The Federal Government has approved N5.1 billion for 185 Tertiary Education Trust Fund (TETFund) research grants in furtherance of its sustained drive to transform Nigeria into a technology-driven country through innovation and creativity. TETFund introduced the National Research Fund (NRF) grant to promote cutting-edge research, which experts consider as a critical tool for the nation’s […]
The Nigerian Electricity Regulatory Commission (NERC) has approved electricity tariffs hike, effective January 1 2024, following a review of the Multi Year Tariff Order (MYTO), in order to enable the 11 electricity distribution companies (DisCos) to sustain their operations nationwide. The Chairman of NERC, Sanusi Garba, who made this disclosure on Wednesday during a media […]
….Assures On Settlement Of Verified FX Backlog In furtherance of its sustained efforts to clear the backlog of outstanding foreign exchange liabilities, the Central Bank of Nigeria (CBN), on Wednesday stated that it had paid approximately USD 2.0 billion across various sectors, including manufacturing, aviation, and petroleum. The apex bank also disclosed that it had […]
…As Diesel Price Rises By 37.76% Y-o-Y The National Bureau of Statistics (NBS), reported on Wednesday that the average retail price paid by consumers for Premium Motor Spirit (Petrol) in December 2023 was N671.86, indicating a 225.85% increase when compared to the N206.19 they paid per litre for the commodity in December 2022 The statistics […]