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Tag: Nigeria

Nigerian team wins at Huawei ICT competition
News Scams

Nigerian team wins at Huawei ICT competition

The Nigerian team has won a prize at the just concluded Huawei ICT Competition 2022-2023 Global Final in Shenzhen, China. The team from Ahmadu Bello University and Jilin University won the Grand Prize of the innovation competition. The Network Track Grand Prize was won by teams from Yangtze Normal University, Hunan Industry Polytechnic, Guilin University […]

Why Nigeria trails S'Africa, Kenya in Africa's B2B payment
Business

Why Nigeria trails S’Africa, Kenya in Africa’s B2B payment

A report from a business payment platform for African businesses known as Duplo, has stated that Nigeria now trails behind South Africa and Kenya in the development of key B2B payment processes across Africa. These B2B processors include the adoption of electronic bank transfers, the speed with which invoices are processed, and payment automation. South Africa leads the way […]

Nigerian startup Medsaf lays off all staff
News Tech

Nigerian startup Medsaf lays off all staff

Nigerian health-tech startup Medsaf has let off 30 full-time staff members of the company. According to the TechCabal, the company’s COO, Rotimi Lawal, informed staff members via Slack that Medsaf had to reduce staff due to “challenges ranging from funding gaps to account receivables due to different the macroeconomic policies and dismal payment behavior of […]

How inflation, forex crisis may affect consumer goods industry - Report
Economy featured

Nigeria’s inflation may hit 30%, Bank of America warns

The Bank of America has cautioned that the Central Bank’s Monetary Policy Committee may need to raise interest rates by at least 700 basis points by the end of the year to control inflation. The bank’s sub-Saharan Africa economist, Tatonga Rusike, stated in an interview with Bloomberg on Monday that the increase was required to combat the skyrocketing […]

China visits Nigeria, seeks improved bilateral relations
Business

China visits Nigeria, seeks improved bilateral relations

In order to improve bilateral ties between both countries, the Chinese Navy Escort Task Group 162 which is made up of the MSL Destroyer NANNING, MSL Frigate SANYA, and Supply Ship WEISHANHU visited Nigeria on Sunday. According to the News Agency of Nigeria, the Chinese Ambassador to Nigeria,  Mr. Chi Jian Chun, said the visitation of the […]

Enugu Electricity Distribution Company
Business featured

FG orders EEDC to disconnect substandard transformers

The Federal Government has ordered the Enugu Electricity Distribution Company to immediately disconnect all transformers with voltage ratings of 33kV and 11kV installed in 13 different locations. According to The Punch, the new development was revealed through an enforcement notice issued by the Nigerian Electricity Management Services Agency following the company’s failure to adhere to […]

Minister of Aviation, Hadi Sirika, during a State House Briefing in Aso Villa
Business featured

FG to receive Nigeria Air aircraft Friday

The Minister of Aviation, Senator Hadi Sirika, disclosed that Nigeria’s aircraft, Nigeria Air is set to land in the country on Friday, representing a significant milestone in the commencement of its operations. In his appearance on Channels Television, the minister assured that the aircraft would be unveiled adorned in Nigeria’s national colours, fulfilling all the […]

Nigeria's mineral production rose by 39% in 2021 - NBS
Business

Nigeria’s GDP drops to 2% – NBS

Nigeria’s overall economic output, known as Gross Domestic Product, grew by 2.31 per cent year-on-year in the first quarter of 2023. However, this growth rate is lower than the 3.11% recorded in the first quarter of 2022 and the 3.52 per cent growth rate in the last quarter of 2022. The decline in growth according […]

Aliko Dangote
Business

Dangote Refinery opens Monday

The Dangote Petroleum Refinery in Nigeria is set to be officially opened on Monday, bringing hope of resolving the country’s frequent fuel shortages. According to information obtained from the company, the Dangote Refinery has the potential to support the establishment of 26,716 filling stations, generate 100,000 jobs both directly and indirectly, and create a $21 […]

President of the Nigerian Association of Resident Doctors of Nigeria, Dr Emeka Orji
Business

Resident doctors, FG sign MOU to end strike

The Nigerian Association of Resident Doctors and the Federal Government have reached an agreement, as they signed a Memorandum of Understanding to bring an end to the ongoing strike. A five-day warning strike started on May 17 to emphasize their demands after the 14-day ultimatum given to the government elapsed. The doctors are requesting an […]

Manufacturing Association of Nigeria
Business

FG’s excise duty hike will cause job losses – MAN

The Manufacturers Association of Nigeria has expressed concern that the recent increase in excise duty for beverage and tobacco products will force businesses to reduce their operations, which may lead to the closure of factories, job losses, and a decrease in exports, among other negative consequences. According to The Punch, the President of MAN, Francis […]

Minister of Science, Technology and Innovation, Dr Olorunnimbe Mamora
Business

Ban import of goods Nigeria can produce, Innovation Min tells FG

The Minister of Science, Technology and Innovation, Dr Olorunnimbe Mamora, has proposed a ban on the importation of foreign goods that can be made locally in Nigeria. Channels reported that the minister made this statement on Tuesday during the 71st Ministerial Media Briefing at the Presidential Villa, Abuja, stating that the ban will protect domestic […]

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