Africa’s leading airline, Ethiopian Airlines, says it will increase its Lagos service to twice daily (14 weekly) from July 1. The airline’s Area Manager in Nigeria, Mrs Firiehiwot Mekonnen, confirmed this in a statement on Tuesday. She stated that the extra flights would provide faster connections to several African and Asian destinations. She said the…
United Capital Plc, a pan-African financial services group, has posted N5.89 billion as its Profit After Tax (PAT) for the first quarter ended March 31, 2025. This is against the N3.59 billion recorded within the same period in 2024. The group in a document posted on the Nigerian Exchange Group (NGX) platform on Tuesday, said…
The Federal Government says it has trained no fewer than 200,000 Nigerians on Artificial Intelligence (AI) and emerging technologies in order to build a digitally skilled workforce for the country. Chief Uche Nnaji, the Minister of Innovation, Science and Technology, disclosed this on Tuesday in Abuja at the 10th Annual Symposium and Awards of the…
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…
