By Admin Approximately between 70per cent and 80 per cent of family businesses fail, collapse, or become moribund after the original founder retires, becomes incapacitated, or passes away. Studies from institutions such as Lagos Business School and PwC indicate that only between 20per cent and 30 per cent successfully survive into the second generation. Worse…
The National Identity Management Commission (NIMC) has become aware of a video currently circulating on social media alleging a breach of the National Identification Number (NIN) database. The Commission wishes to state, categorically, that this claim is false and unfounded. This is a recycled news story reported in 2024 and duly disclaimed by the Commission….
By Admin The Leo Stan Ekeh Foundation (LSEF), in collaboration with businesses within the Zinox Group, Task Systems, TD Africa, Zinox Technologies Limited and Konga Group, has commissioned state-of-the-art Artificial Intelligence (AI) Technology Centres at Gbagada Senior Grammar School and Lanre Awolokun High School, both in Gbagada, Lagos State. The new centres are designed to…
After 12 years of operation, a global ride-hailing company, Uber, has announced plans to exit Nigeria, effective September 2, according to its statment on Wednesday. “We are writing to share some difficult news. After a thorough review of our business, we have made the tough decision to wind down our operations in Nigeria, effective 2…
Africa’s leading carrier-neutral digital infrastructure platform, WIOCC Group, said it signed a Shareholder Subscription Agreement (SSA) with Africa Finance Corporation (AFC) and Vision International Investment Company (Vision Invest), through which the two investors will make a combined $300 million investment in the company. The investment comes at a pivotal moment for Africa’s digital development as…
By Admin The GSM revolution has become a major driver of Nigeria’s economic development, supporting banking, commerce, education, healthcare and digital payments, Chairman, MTN Nigeria and former Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr Ernest Ndukwe, has said. In an interview, he said telecommunications has become essential to virtually every part of…
By Admin A group, Center for the Promotion of Private Enterprise (CPPE), has said any consideration for petrol importation must be to close a genuine and independently verified shortfall. Its Chief Executive Officer, Dr. Muda Yusuf, said while imports remains a legitimate contingency tool for refinery outages, seasonal demand spikes, quality gaps and strategic-stock replenishment,…
By Admin with agency reports The Dangote Petroleum Refinery and Petrochemicals has threatened to stop premium motor spirit (PMS) or petrol sale from its plant to major marketers importing the product into the country citing concerns over product quality, market transparency and the integrity of products supplied under its brand. The measure could take effect…
By Admin SORA emerged as the overall winner of the Fourth Edition of the Nigerian Communications Commission (NCC) Hackathon Live Show 2026, clinching the N3 million grand prize, while Clear Signal and IKOR secured second and third places, receiving N2 million and N1 million respectively in a competition designed to develop innovative technology solutions for…
