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BOI supports Women-owned businesses with $6.02m
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BOI supports Women-owned businesses with $6.02m

The Bank of Industry has reiterated its commitment to supporting gender equality and women’s financial inclusion by disbursing $6.02 million out of its $10 million investment commitment to the Alitheia Fund. During the BOI International Women’s Day 2024 event themed “Inspire Inclusion,” Dr. Olasupo Olusi, the Managing Director of BOI, represented by Ms. Mabel Ndagi, […]

PenCom debunks lending FG N10tn
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PenCom debunks lending FG N10tn

Melvin onwubuke The Director General of the National Pension Commission, Aisha Dahir-Umar, has denied allegations that the commission loaned N10tn to the Federal Government. In October, the House of Representatives adopted a motion mandating its Committee on Pensions to recover N10 trillion in pension funds loaned by the government. Dahir-Umar In an interview last weekend, […]

36 states spend N139.92bn on external debt in six months
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FG must borrow to save naira – EIU

Melvin Onwubuke International business research firm, Economist Intelligence Unit, has said that the Central Bank of Nigeria does not have the liquidity to support the naira as of now. This was disclosed in its latest Country Report on Nigeria, which was published on Friday. The EIU report stated that the CBN may need to borrow […]

FG owes N100bn electricity bill debt - Distributors
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FG owes N100bn electricity bill debt – Distributors

The Executive Director of the Association of Nigerian Electricity Distributors, Sunday Oduntan, has disclosed that the Nigerian government holds an outstanding debt of approximately N100 billion in electricity payments. In an interview with Arise TV on Sunday, Oduntan emphasized the importance of the government creating an enabling environment for energy distributors in the country. He […]

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Keyamo poaches ‘heaven-on- earth double-decker’ Airbus aircraft for Nigeria

Festus Keyamo, the Federal Minister of Aviation and Aerospace Development, has disclosed that the Nigerian government is in talks with prominent aircraft leasing companies in France to facilitate the leasing of Airbus aircraft for Nigeria’s private airline operators. The announcement, made on his official X account, outlined that Keyamo led a delegation of senior government […]

UK urges Nigeria to boost internet access for digital growth
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UK urges Nigeria to boost internet access for digital growth

Melvin Onwubuke The British Deputy High Commissioner to Nigeria, Jonny Baxter, has said that to grow its Digital Economy, the federal government will have to increase access to fast and affordable internet. This was disclosed in Lagos, during an event to honor some Nigerians empowering women and young girls with digital skills through the CyberHubs […]

UK urges Nigeria to boost internet access for digital growth
Business

UK urges Nigeria to boost internet access for digital growth

By Melvin Onwubuke The British Deputy High Commissioner to Nigeria, Johny Baxter, has said that In order to grow its Digital Economy, the federal government will have to increase access to fast and affordable internet. This was disclosed in Lagos, during an event to honour some Nigerians empowering women and young girls with digital skills […]

Google Wallet adds movie tickets, boarding passes automatically
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Google Wallet adds movie tickets, boarding passes automatically

Google Wallet has received an update aimed at streamlining the process of consolidating all passes in one location. According to recent release notes for Wallet, as highlighted by Android reporter Mishaal Rahman, Google has introduced a feature that automatically surfaces movie tickets and boarding passes after purchase. This functionality is contingent on the confirmation email […]

Microsoft unveils deep research AI tools in Copilot
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Microsoft’s Copilot blocks prompts of violent, sexual images

Microsoft has reportedly taken measures to block specific prompts in its Copilot tool that were generating inappropriate content, including violent, sexual, and other illicit images. The adjustments appear to have been implemented shortly after a Microsoft engineer raised serious concerns about the company’s generative AI technology in a letter to the Federal Trade Commission. Certain […]

Microsoft announced Monday that it will eliminate developer onboarding fees for the Microsoft Store on Windows
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Microsoft’s union ranks highest in industry

The ranks of unionized workers within Microsoft’s video game subsidiaries continue to grow, with the latest addition being the largest group yet. Approximately 600 quality assurance workers at Activision have joined the Communications Workers of America, establishing themselves as the largest certified union within the US video game industry. This development also marks the first […]

Unresolved customer complaints against DISCOs disheartening, says FCCPCC boss
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Unresolved customer complaints against DISCOs disheartening, says FCCPCC boss

There were numerous complaints on over billing, community transformer issues, accounts reconciliations, energy capping, tariff, metering, billings before connection to a new building, and disconnection without notice amongst others, recorded against the Ikeja Electricity Distribution Company at the recently concluded electricity consumer complaints resolution platform. The event, which was organised by the Federal Competition and […]

Nigeria spent N3.25trn on armoured vehicles importation in 2023 — NBS
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Nigeria spent N3.25trn on armoured vehicles importation in 2023 — NBS

In the final quarter of 2023, Nigeria witnessed a remarkable shift in its import expenditure dynamics as spending on armoured vehicles surpassed that on fuel, signaling significant geopolitical and security considerations. The National Bureau of Statistics’ latest foreign trade report highlighted that Nigeria allocated over N5.06 trillion to the importation of armoured vehicles, a staggering […]

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