POS Terminals Hit N1.1trn in March; Agency
NIGERIA-More Nigerians are being forced to go cashless as the value of transactions over Point of Sales (PoS) machines in Nigeria jumped to N1.1 trillion in March, 2023, the highest...
Aviation: Sirika Insists On Demolition Of Structures Aviation Agencies Building, Dares Unions
Minister of Aviation, Hadi Sirika has insisted on going ahead with the demolition of structures occupied by the sector’s agencies in Lagos despite protest by some aviation workers’ unions. It...
GTCO Is Taking A Careful Approach To Its Loan Growth.
According to Segun Agbaje, the CEO of GTCO Plc, the company has decided to be careful about its loan growth in 2022 due to macroeconomic challenges that have led to increased credit risk in all jurisdictions of operation, particularly in Nigeria. Agbaje, who disclosed this recently at GTCO’s investor and analyst conference, was commenting on the group’s audited financial results for the year ending December 31. The results showed that...
From May 1, MultiChoice Nigeria Plans To raise The Prices Of DStv Subscriptions.
DStv subscribers are set to experience another price increase from May 1, 2023, as MultiChoice Nigeria plans to implement another upward review. The increment in the prices of the various DStv packages is between 16.3% and 18.6% and according to the company, the latest increment is as a result of various...
Power Companies Could Face Disconnection By TCN For Not Following Regulations.
Dr. Edmund Eje, of the Market Operator, has announced that specific power companies will face disconnection from the national grid for violating industry regulations. According to Eje, these power companies have repeatedly refused to adhere to the Electricity Market Rules. The government explained that the Nigerian electricity supply industry was governed by laws,...
Nigerian Agtech Startup Attracts Major Investment to Power Sustainable Food Future
A Nigerian agtech startup has just received a massive investment to drive its mission of promoting sustainable agriculture and reducing food waste. The innovative company uses cutting-edge technology and data...
Alleged N17bn budget deficit report has been dismissed by NCC.
The Nigerian Communications Commission (NCC) has dismissed a report by an online publication that it incurred a deficit of N17bn, describing the story as totally untrue and a figment of...
THE ROLE OF CLOUD AND HYBRID NETWORK IN THE ECONOMY.
CLOUD NETWORKING Hybrid cloud computing, a combination of on-site IT infrastructure and public cloud architecture, is currently attracting the attention of businesses. The main reason is that hybrid cloud’s flexibility...
Malami has been accused of misleading Buhari by a CSO over the OPL 245 scandal.
HEDA, a civil society organization, has accused the AGF Abubakar Malami of misleading President Buhari about the OPL 245 scandal and falsely claiming that it was repelling investors from the country. HEDA, in a letter addressed to Buhari on Monday signed by its Chairman, Olanrewaju Suraju, said the alleged deceit by Malami has led to a series of financial losses...
Chinese currency weakens to 6.8835.
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 83 pips to 6.8835 against the dollar on Monday, according to the China Foreign Exchange Trade System.In...