With growth slowed to 1.28 per cent in second quarter (Q2) from 1.49 per cent in the Q1 to 2.20 per cent in the corresponding quarter of 2023, Nigeria’s manufacturing sector remains too weak to make any significant impact in the economy, the Lagos Chamber of Commerce and Industry (LCCI), has said. Its President, Gabriel…
Nigeria’s Federation Accounts Allocation Committee (FAAC) has shared N1.298 trillion among the Federal Government, state governments, and the 774 Local Government Councils as revenue for September 2024. This was disclosed at the end of the October 2024 FAAC meeting in Abuja. The total distributable revenue comprises several components: N124.716 billion in statutory revenue, N543.518 billion…
Artificial Intelligence (AI) has featured among key issues being considered by the World Telecommunication Standardization Assembly (WTSA-24) as it prepares for its second week in New Delhi, India. Now in midway through its work, WTSA-24 will determine the course of action for the next four years of standards development for the International Telecommunication Union (ITU)….
A new original equipment manufacturer (OEM), realme, at the weekend made its entry into the market, targeting being the preferred brand in the country within the shortest possible time frame. The company which said it is the fifth top brand in 30 global markets said it is hoping to emerge tops in Nigeria as the…
MTN Nigeria Communications Plc, a leading ICT company in Nigeria, has launched the pilot of its paper-based biodegradable eco-friendly subscriber identity module (SIM) cards, in line with its Project Zero goals which seek to reduce GHG emissions and achieve net zero emissions by 2040. The biodegradable paper-based SIM card is safer for the environment, as…
The Lagos Chamber of Commerce and Industry (LCCI) has said rate hikes alone will not curb inflation without first resolving the challenges in the real sector. President, LCCI, Mr Gabriel Idahosa, made this known at its quarterly state of the economy news conference in Lagos. Idahosa said the real sector had demonstrated the capacity to…
Upstream regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said the country’s crude oil and condensate production dipped by 26,391barrels per day from 1.57 million barrels per day (mb/d) in August 2024 to 5.44mb/d. This was contained in its crude oil production report of September 2024. The data said in the period under review,…
MTN Nigeria’s Customer Service Week was a blast. With the theme: “Above & Beyond,” this week-long celebration was all about spreading joy, giving back to customers, and creating unforgettable moments. From surprise visits by top execs to a special goodwill message from the company’s CEO, Karl Toriola to cool giveaways, it was a week packed…
THE Executive Chairman, Courier and Logistics Management Institute (CLMI), Distinguished Prof Simon Emeje, has said the courier and logistics sub-sector can boost Nigeria’s gross domestic product (GDP) by 60 per cent, if fully tapped. The CLIMI boss said tapping into the industry with assets worth over ₦15 trillion requires regulatory excellence and innovation. He made…
