The National Bureau of Statistics (NBS) has said about 69.71 million litres of Household Kerosene (HHK) were locally produced in 2023 compared to 44.68 million litres in 2022, indicating a growth rate of 56.02 per cent over the period. It also said distribution of the Premium Motor Spirit (PMS) or petrol reduced by 19.96 per…
TOTAL new investments to connect hard-to-reach communities as part of Partner2Connect (P2C) by Nigeria and other member-nations of the International Telecommunication Union (ITU) at SDG Digital in Partner2Connect have reached over $1.05 billion Partner2Connect is ITU’s online pledging platform to advance universal meaningful connectivity. SDG Digital featured announcements of pledges of the $1.05 billion are…
Emerging markets-focused fintech, PalmPay, yesterday said it has contributed to deepening Nigeria’s financial inclusion policy of the Central Bank of Nigeria (CBN) with a total of 35 million users over the last five years. Managing Director at PalmPay Nigeria, Chika Nwosu, who spoke in Lagos during a brief ceremony to commemorate the fifth anniversary of…
Inadequate infrastructure to sustainably support physical card will make the idea of issuing physical ID card to Nigeria’s citizens, a digital identity and technology solutions company, , UrbanID Global, has said. The company which acknowledged current efforts by the President Bola Tinubu’s administration to improve enrolment of citizens and legal residents of the country and…
Managing Director, Private Clients, Henley & Partners, Troy Hanley, has said contrary to believe that investment migration is just about relocating out of the country, it is indeed about securing the future in the long term. Henley & Partners is a global leader in residence and citizenship planning. Speaking at a webinar ahead the company’s…
As Nigeria’s banking sector undergoes significant reforms, officials of the Nigeria Deposit Insurance Corporation (NDIC) have been cautioned to be vigilant, especially in their dealings with bank shareholders. His Royal Highness Luka Ayedo Nizasaan (III), the Etsu Kwali, gave the advice during the NDIC’s Special Day at the 19th Abuja International Trade Fair on Monday,…
Former President, Chief Olusegun Obasanjo and the Chief Executive Officer of 9mobile, Obafemi Banigbe, are expected to grace the 2024 BNI National Business Conference, scheduled for Abeokuta, Ogun State. While Obasanjo is the Special Guest of Honour, Banigbe will keynote the event and will be joined by seasoned business leaders from October 3rd to 4th….
The Nigerian Investment Promotion Commission (NIPC) came first in the 2024 National Freedom of Information (FOI) ranking compliance among 245 ministries, departments and agencies (MDAs). Other MDAs in the top 10 ranking include Revenue Mobilisation, Allocation and Fiscal Commission (2nd); Development Bank of Nigeria (3rd); Nigerian Export Processing Zone Authority (4th); Bureau of Public Service…
TRANSPARENCY and accountability in the digital technology space remained a challenge as the carbon footprint and energy consumption of the sector is growing with global demand for hardware, network services, data storage and emerging technologies. This is according to a report co-authored by the International Telecommunication Union (ITU) and the World Benchmarking Alliance (WBA). ITU…
