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Tag: Nigeria

ACCI, Turkish investors to create one million jobs in Nigeria
News

ACCI, Turkish investors to create one million jobs in Nigeria

By Bisola David   The Abuja Chamber of Commerce and Industry partnered with Turkish investors through Turquaz Health Tourism on Friday, to generate one million employment in Nigeria. The Punch reported that the Turkish investors will work with Nigerian companies in a variety of industries, including health, energy, infrastructure, and education. At the ACCI offices in Abuja […]

Logistics company Kobo360 names Cikü Mugambi new CEO
News Tech

Logistics company Kobo360 names Cikü Mugambi new CEO

Nigerian logistics company Kobo360 announced the appointment of Cikü Mugambi as the new CEO after its founding CEO Obi Ozor was named transport commissioner in Enugu. The company’s Board of Directors announced Mugambi, who was formerly the company’s COO as Ozor successor. After working with the International Finance Corporation, Next Billion Growth, and KPMG, Mugambi […]

Spotify AI DJ now available in Nigeria
News Tech

Spotify AI DJ now available in Nigeria

Spotify is now extending its artificial intelligence-driven personalised music function, “DJ,” to Nigeria and other countries, marking a significant expansion six months after its debut in North America. The AI-powered DJ makes personalised music recommendations to users and also provides spoken commentary in a robotic voice. The “music” feed section of the Spotify mobile app […]

Snap unveils new lens studio tools for AR creators
News Tech

Snapachat removes subscription for dark mode

Snapchat has removed the paywall for dark mode on Android after previously requiring users to have a Snapchat+ subscription in order to access the functionality. iOS users have had free access to dark mode since 2021. Earlier this year, Snapchat only made dark mode accessible to Snapchat+ subscribers on Android devices. Snapchat’s subscription service attracted […]

GSK to halt operations, exit Nigeria
featured News Tech

GSK to halt operations, exit Nigeria

GlaxoSmithKline Consumer Nigeria PLC has been notified by GSK UK Group of its strategic plan to stop selling its prescription drugs and vaccines in Nigeria. The company released this information via a formal statement that was sent to the Nigeria Exchange Limited and was signed by the company secretary, Frederick Ichekwai. The company stated in […]

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 […]

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