The Federal Government of Nigeria has approved the National Identity Management Commission (NIMC) inauguration of the NIMC NIN Authentication (NNAuth) for secured and seamless identity verification and authentication. This is contained in a statement in Lagos on Tuesday, by the Head, Cooperate Communications, NIMC, Dr Kayode Adegoke. Adegoke said that similarly, the presidency had directed…
The Independent Media and Policy Initiative (IMPI) says Nigeria’s Gross Domestic Product (GDP) per capita at independence in 1960 was 93 dollars, not 1,847 dollars as claimed by Dr Akinwumi Adesina, President of the African Development Bank (AfDB). In a statement on Monday, Dr Omoniyi Akinsiju, Chairman of the group, said Adesina’s claim, made during…
The Lagos State Ministry of Commerce, Cooperatives, Trade and Investment is set to sign a Memorandum of Understanding (MoU) with the Bank of Industry (BoI) and Sterling Bank Plc to improve financial access for Small and Medium Enterprises (SMEs). The Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs Folashade Ambrose-Medebem, said this in a statement…
The Minister of State for Industry, Sen. John Enoh, has called for the establishment of a legal framework to back the operations of Business Development Service Providers (BDSPs) across Nigeria. Enoh said this at the induction ceremony of the newly certified BDSPs organised by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) on…
South African state utility, Eskom on Monday said that it was optimistic about power outlook in the country as there would be no electricity cuts in the next four months. Eskom’s difficulties in supplying power to Africa’s biggest economy have curbed economic growth for more than a decade. However, a turnaround in its plant performance…
The intervention of the National Security Adviser, Malam Nuhu Ribadu and other stakeholders, on Monday, led to the restoration of MTN telecommunication service in Kogi. The News Agency of Nigeria (NAN) reports that the Kogi State Utilities Infrastructure Management Compliance Agency (KUIMCA) had blocked MTN service to subscribers in the state following a dispute on…
Airtel Africa, on Monday announced that it has entered an agreement with SpaceX to bring Starlink’s high-speed internet services to its customers in Africa. Airtel Africa said this in a statement. It said that currently, SpaceX had acquired requisite licenses in nine out of 14 countries within Airtel Africa’s footprint, noting that operating licenses for…
Air Peace Ltd. has partnered with top smartphone brand Tecno Nigeria to launch the ‘Free to Snap, Free to Soar’ campaign aimed at celebrating customer loyalty. Air Peace’s Chief Operating Officer, Mrs Oluwatoyin Olajide, said in a statement on Sunday that the campaign seeks to reward loyal flyers through tech-driven engagement. The campaign includes two…
Investors on the Nigerian Exchange (NGX) Ltd. traded 2.200 billion shares worth N75.409 billion in 70,329 transactions during the week under review. This contrasts with 1.854 billion shares worth N56.025 billion traded last week in 51,386 deals. As a result, transaction value rose by 34.6 per cent, with investors gaining N19.384 billion on the Exchange….
The African Development Bank Group (AfDB) has approved a new five-year Country Strategy Paper (CSP) for Nigeria, committing about $650 million annually between 2025 and 2030 to drive economic transformation, build resilience, and promote broad-based prosperity. The Bank disclosed this in a statement published on its website on Thursday, stating that it will provide $2.95…
