The Federal Airports Authority of Nigeria (FAAN) has justified its decision to increase operational tariff for airport cab operators and enforce vehicle upgrade requirements, saying the measures are necessary to improve passenger experience and maintain service standards at Nigerian airports. It also set a timeline for its vehicle upgrade policy which it said remained sacrosanct…
Smartphones shipments to Nigeria and other parts of Africa declined 12 per cent year-on-year (YoY) in the first quarter (Q1) of this year, according to Counterpoint Research’s Market Monitor Service. Although the region sees a high number of events in the period under review, such as the reopening of schools, Valentine’s Day, Mother’s Day, and…
The Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC) have introduced a new compliance requirement for ownership of telecom companies. The directive mandates prior approval for significant ownership changes in telcos operating in Nigeria. The agencies, in a joint statement signed by NCC Director of Public Affairs, Mrs Nnenna Ukoha and CAC Head…
The Nigeria Customs Service (NCS) and BAT Nigeria (BATN) have signed a Memorandum of Understanding (MoU) aimed at deepening collaboration in the fight against smuggling, enhancing regulatory compliance, and protecting legitimate investments. Illicit trade remains a major challenge globally, undermining government revenues, distorting markets, weakening regulatory frameworks and creating unfair competition for compliant businesses. In…
By Elijah Daniel For decades, the design logic of industrial operations has remained largely unchanged. Information belongs in the control room. The operator sits behind a workstation with real-time data. The field worker goes out with a paper checklist and takes notes by hand. Somewhere between those two realities, a disconnect exists. The person seeing…
The deployment of Artificial Intelligence (AI) will enhance financial clarity, operational efficiency, and business decision-making across sectors, experts in fintech, AI, and digital commerce have said. Speaking during a panel session titled: “The Next Frontier: AI & Automation” at Glovo’s Future of Commerce Summit 2.0, held at the Landmark Events Centre in Victoria Island, Lagos,…
VeendHQ says its AI-powered credit platform, Vida AI, helped recover ₦69 million from a ₦172.5 million portfolio of loans that were more than 90 days overdue in a pilot that highlights the growing role of technology in loan recovery and portfolio management. The result comes at a time when lenders are under increasing pressure to…
Telecom sector regulator, the Nigerian Communications Commission (NCC) has commenced a comprehensive review of mobile termination rates (MTR), eight years after the current rates were introduced in 2018. The Head of Competition and Tariff at the NCC, Omotayo Mohammed, disclosed this on Tuesday in Lagos while presenting a consultancy document on the review process. Mobile…
By Opeyemi Olaniyan The safety of electrical infrastructure is non-negotiable, particularly in a time when industrialisation and urbanisation in West Africa require reliable and efficient power provision, Indeed, as systems expand in scale and complexity, one critical risk demand greater attention: electrical fires.Fire safety should move beyond a mere compliance and become the very foundation…
