The World Economic Outlook (WEF) has released Chief Risk Officers report, which has warned countries against cyber risk heightened by geopolitical tensions and conflicts. In a report, the risk officers said that in total, 71 per cent of respondents expect cyber risk and criminal activity to severely impact organizations for the remainder of 2024. This…
Transcorp Power Plc, one of the power subsidiaries of Transcorp Group, recorded three-digit growths across key performance indicators in the third quarter, with profit before tax rising by 198 per cent to N81.1 billion. Key extracts of the interim report and accounts for the nine months ended September 30, 2024 released at the Nigerian Exchange…
The Executive Board of the International Monetary Fund (IMF) on Tuesday announced a Review of Charges and the Surcharge Policy that allows it lend to countries at a lower rate. In a statement, Managing Director of the IMF, Kristalina Georgieva, said the global economy is challenging for many countries, and the Fund has to slash…
App-based transport workers, under the aegis of Amalgamated Union of App-Based Transporters of Nigeria, have expressed worry at the rising cost of their services. They said it had negatively affected their operations and welfare. An ex-officio of the union, Mr Jossy Olawale, told the News Agency of Nigeria (NAN) on Monday in Lagos that rising…
The World Telecommunication Standardization Assembly (WTSA-24) opened today in New Delhi, India, where policy-makers, industry leaders and tech experts will meet to consider global actions to reinforce the standardization work of ITU, the UN Agency for Digital Technologies. The opening ceremony highlighted the push for universal connectivity, the need for ethical artificial intelligence (AI), the…
A day after Guaranty Trust Bank (GTBank) transitioned to a new banking application system, customers have expressed concerns over ongoing service disruptions. Speaking with the News Agency of Nigeria (NAN) on Tuesday, customers at various GTBank branches in Lagos, expressed frustration over difficulties in accessing their accounts and completing transactions. NAN correspondent who visited several…
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 32.70 per cent in September 2024. The Statistician-General of the Federation, Adeyemi Adeniran, revealed this in a statement issued on the Consumer Price Index (CPI) and Inflation Report for September 2024 in Abuja on Tuesday. According to the report, the figure is…
The Nigeria Employers’ Consultative Association (NECA) says its forthcoming Employers’ Excellence Awards will recognise and celebrate resilience, ruggedness and contributions of Nigerian businesses to the nation’s economy. NECA’S Director-General, Mr Adewale-Smatt Oyerinde, disclosed this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. “Quite a lot is being done by…
Ericsson reported a modest improvement in its results for the third quarter, with the decline in sales slowing to just 4 percent thanks to a pickup in North America. Cost savings and increased IP income helped lift margins, and the company is hoping for a further improvement in market conditions in Q4. Total revenues fell…
