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ALTON plans N1.86tn investment to boost network expansion

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ALTON plans N1.86tn investment to boost network expansion

Business

Lawmakers don’t fix their salaries, RMAFC does — Senate

Finance

Reps summon finance minister over worsening insecurity despite defence

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FG admits inflation, insecurity persist despite ongoing economic reforms

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Nigerian Exchange ahead in Africa with 33.70% gain
Economy

Nigeria loses $167.2m as naira falls to dollar in July

By Christian George     Nigeria’s external reserves witnessed a downward trend as the nation lost $167.2 million in July over the naira’s fall against the dollar.   The Central Bank of Nigeria’s figures on the movement of external reserves showed that the reserves, which ended June 30, 2023, at $34.12 billion, depreciated to $33.95 […]

US academy to train 120 women in entrepreneurship
News

Women own 40% of MSMEs in Nigeria – NBS

A recent study by Small Firm Diaries that was released by the National Bureau of Statistics has revealed that women hold 40% of Micro, Small, and Medium-Sized Enterprises in Nigeria. Only 12% of MSMEs are co-owned by men and women, according to the “Country Data Overview” study, while 48% are owned only by men. According […]

Aradel Holdings, two others increase NASD OTC bourse by 1.13%
Business

NASD OTC Securities Exchange drops by 0.08%

The NASD Over-the-Counter Securities Exchange on Monday, July 31, fell by 0.08 percent, subtracting N400 million from the bourse’s overall worth. As a result, the market value of the NASD OTC securities exchange decreased from the N1.077 trillion it reached last Friday to N1.077 trillion. Likewise, the NASD Unlisted Securities Index decreased by 0.30 points […]

Wema Bank, NYSC collaborate on youth empowerment
Banking

Wema Bank records 109.57% profit increase in Q2 2023

Wema Bank announced its 2023 second-quarter results, revealing that pre-tax profits increased by 109.57% year on year, reaching N5.87 billion. According to The Times, pre-tax profits for the first half of the year increased from N6.103 billion to N12.059 billion as a result. The huge expansion in net interest income as well as net fees […]

Google halts diversity hiring goals, reviews DEI programs
News Tech

Google Assistant transitioning to generative AI – Reports

Tech giant, Google is pivoting to artificial intelligence as companies strive to integrate AI in their products. An internal email obtained by Axios claims that Google is integrating generative artificial intelligence. The Assistant team leads “see a huge opportunity to explore what a supercharged Assistant, powered by the latest LLM [large language model] technology, would […]

Prestige Assurance hits 34% gross premium growth
Business

Prestige Assurance hits 34% gross premium growth

Prestige Assurance Plc increased its gross premium written by 34% to N12.4 billion at the end of the 2022 fiscal year, up from N9.27 billion in 2021. According to The Punch, the business’s annual general meeting in Lagos, the chairman of the company, Mrs Funmi Oyetunji, revealed this information to the shareholders. She said Prestige showed […]

Elon Musk takes down glowing X logo at Twitter HQ
Uncategorized

Elon Musk takes down glowing X logo at Twitter HQ

The ‘X’ logo that once adorned Elon Musk’s Twitter, headquarters in downtown San Francisco has been taken down, leaving behind a trail of complaints and controversy. Over the weekend, the city building department received 24 complaints regarding the massive ‘X’ installed on the rooftop of the high-rise on Market Street. Neighbors expressed frustration about the […]

Tech

Meta to set up AI chatbots for social media engagement

Meta Platforms, the parent company of Facebook, is gearing up to introduce a groundbreaking range of AI-powered chatbots with distinct personalities, as reported by the Financial Times. These chatbots are designed to engage in human-like conversations, offering users a novel and immersive experience across its social media platforms. According to sources familiar with the plans, […]

Nigeria’s leading internet service providers are experiencing a steady decline in subscriber numbers, as new data from the Nigerian Communications Commission
Business

NCC to block stolen SIMs in five minutes

The Nigerian Communications Commission has suggested shortening the process from 30 minutes to 5 minutes for blocking a reported stolen phone’s Subscribers Identity Module. According to The Punch, this information was revealed during the three-day public inquiries at the commission in Abuja on six regulatory instruments. The Deputy Director, Technical Standards and Networks Integrity Department, […]

Why motorists should verify vehicle insurance status - Operators
News

Why motorists should verify vehicle insurance status – Operators

Operators in the insurance industry have said that Nigerians can verify the status of their motor insurance through the Nigerian Insurance Industry Database. The Punch reported that the Nigerian Insurers Association and the National Insurance Commission together launched the NIID in an effort to combat false certifications in the country back in the day. Describing the […]

Lasaco Assurance announces N183m dividend payment
Business

Lasaco Assurance announces N183m dividend payment

Lasaco Assurance Plc has announced that it will pay a 15 kobo dividend on each share, amounting to N183 million for the fiscal year ending December 31, 2022. According to the Punch, the company’s chairman, Teju Philips, made this announcement at the 43rd annual general meeting in Lagos. She also revealed that the shareholders’ fund increased from […]

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