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…
THE Association of Mega Filling Station Owners of Nigeria (AMFSON) has called for a stronger partnership between the association and the management of the Nigerian National Petroleum Company (NNPC) Limited. The Association said it can transport fuel to the 774 local government headquarters in the country at a cheaper rate in order to make the…
CLOUD-NEUTRAL data centre, Rack Centre, has reaffirmed its commitment to contributing to Nigeria’s digital economy by expanding its state-of-the-art data centre facilities and creating more digital jobs. This development, according to the company, is aimed at enabling sustainable digitization and fostering job creation. Speaking on the expansion and the company’s strategic focus of driving efficiency…
OIL prices rose yesterday on fears of a widening conflict in the Middle East curtailing Iranian crude supply, but prices were headed for a third straight monthly loss because of concerns about waning global demand. Brent crude futures for November delivery, expiring yesterday, gained 1 cent to $71.00 a barrel. The more actively traded Brent…
THE Petroleum Tanker Drivers Branch (PTD) Branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has commended President Bola Ahmed Tinubu’s administration renewed commitment to ensure motorable federal highways across the country. The Union, a communique, also commended efforts by the government to ensure stability in supply of petroleum products. The Union,…
WORLD’s largest podcast distribution platform Podeo has announced a $5.4million funding round to support podcasters overcome the discoverability challenge. The Series A funding round was led by Oraseya Capital (the VC arm of Dubai Integrated Economic Zones Authority) with participation from Ibtikar Fund, Cedar Mundi Ventures, Samarium, iSME, and returning investor Razor Capital. There are…
