Nigeria’s technology giant, Zinox Group, has restated its commitment to deepening the existing partnership with Chinese original equipment manufacturer (OEM), Huawei Technologies. Chairman of Zinox Group, Mr. Leo Stan Ekeh, who gave the commitment in Lagos while being presented with the new HUAWEI Mate XT, commended the OEM for its continued innovation and roll out…
Nigeria’s Foreign Direct Investment (FDI) for the second quarter of 2024 has dropped to $29.83 million, marking the lowest level recorded based on available data up to 2013. This is according to data from the latest capital importation report by the National Bureau of Statistics (NBS). The FDI figure represents a steep decline of 65.33per…
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo (SAN), says current reforms in the sector will ensure an efficient and investor-friendly aviation industry. Keyamo made the assertion on Wednesday in Lagos at the Nigeria Civil Aviation Authority (NCAA) South-West Regional Air Transportation Summit (SWRATS) 2024. The summit had the theme: “Repositioning the Nigerian…
The inaugural three-day African Peace and Security Dialogue has concluded with a tone of hope and forward momentum for the continent. Attended by key African leaders such as former South African Deputy President Dr. Phumzile Mlambo-Ngcuka, Ambassador of Economic Development for Pan-African Parliament Bridgette Motsepe, Personal Envoy of UNSG for Sudan Ramtane Lamamra and Liberia’s…
Fuel queues have resurfaced across Lagos following an increase in petrol prices by the Nigerian National Petroleum Company Ltd just as the organized Labour fear the development would deepen mass poverty in the country. Nigeria Labour Congress (NLC) urged the Federal Government to reverse the latest increase in the pump price of petroleum products, warning…
Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike has advised the management of Asset Management Company of Nigeria (AMCON) to be firm and decisive in managing bad loans in the country. Wike gave the advice when the management of the company, led by its Managing Director/Chief Executive Officer, Mr Gbenga Alade, visited him…
The future arrived in grand style at TECNO’s highly anticipated AI Launch event, bringing together a star-studded lineup of tech influencers, actors, and industry captains to celebrate a major leap in the world of technology. From the sleek ambience to the forward-thinking innovations, every detail of the event embodied the trailblazing spirit of Artificial Intelligence…
Start-ups in Nigeria and other parts of Africa have announced a total of $138 millions’ worth of $100k+ deals last month, if equity (89per cent), debt (nine per cent) and grants (two per cent) are included in the deal. This is slightly below the average raised monthly in the previous 12 months ($159million/month). A total…
National Insurance Commission (NAICOM) has warned that rising inflation in Nigeria remained a major concern for the insurance sector because of its impact on both insurers and the insureds. Commissioner for Insurance/Chief Executive Officer of NAICOM, Olusegun Omosehin who spoke at the Insurance Meets Tech (IMT) 2024 with theme: ‘Revitalising the Insurance Industry to Risk-Manage…
