Innovation
Alibaba accepts record fine, vows to change
Chinese tech giant Alibaba said on Monday that it accepted a record penalty imposed by the country’s anti-monopoly regulator.
Minister: Nigeria generated $150 million from coconut oil in 2020
Minister of Agriculture and Rural Development, Sabo Nanono, says Nigeria generated 150 million dollars from the export of coconut oil and its derivatives in 2020.
Nokia, Lenovo conclude patent deal, settles litigation
Finnish telecom equipment maker, Nokia Corp., said on Wednesday it had concluded a multi-year multi-technology patent cross-license agreement with Chinese personal computer and mobile maker Lenovo Group Ltd.
President Buhari seeks ICAN’s support to improve nation’s fiscal condition
President Muhammadu Buhari has urged members of the Institute of Chartered Accountants of Nigeria (ICAN) to buy into current reforms undertaken by his administration and provide support in the area of policy formulation with a view to improving the nation’s fiscal condition.
Nigerian government activates N240 billion AfDB facility for tech, creative sectors
In an unprecedented move to spur the entertainment, creativity and technology sectors in the country, the Buhari administration has now commenced the process that will pump the sectors with over 200B Nigeria in financing and investment set to take off by the end of the year.
Smile Telecoms gets restructuring plan
Smile Telecoms Holdings Limited, a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania, and the Democratic Republic of the Congo, has announced that its RP (Restructuring Plan) has been approved and agreed with the lenders.
Presidency: Nigeria, AfDB setting up $500 million fund for tech, creative sectors
In a move to spur the entertainment, creative, and technology sectors in the country, the Buhari administration has commenced a process that will provide the sectors with about N240 billion in financing and investment set to take off by the end of the year.
Minister: How Nigeria can develop sophisticated technologies
The Minister of State for Science and Technology, Alhaji Mohammed Abdullahi, has said that the strides the ministry had made as a result of the National Leather Products Policy was helping to boost the country’s economy.
Zulumnomics, civil service and Nigeria’s economic revival
Nigeria is a country where there is a chasm between the leaders and the led. The distrust of the ordinary Nigerian for political office holders is such that most Nigerians celebrate when their leaders encounter tragic situations. If the governor takes ill in some states, a substantial proportion of the electorate would wish death on their state’s chief executive.
CPN president: Digital technologies efficient in sustaining social, economic development
The President and Chairman of the Council of Computer Professionals (Registration Council of Nigeria), Professor Charles Uwadia, has disclosed that digital technologies have proven to be efficient in sustaining social and economic developments.
Revisiting CBN ban on cryptocurrency transactions
On February 5, the Central Bank of Nigeria (CBN) released a circular addressed to banks and other financial institutions with the directive that transactions in cryptocurrencies and facilitating payment for cryptocurrency exchanges were prohibited.
NNPC eyes $8.7 billion investments from rehabilitation of refineries, pipelines
The Nigerian National Petroleum Corporation (NNPC) expects an investment of about $8.7 billion to flow in during the rehabilitation of the Warri Refinery and Petrochemical Company (WRPC), the Kaduna Refinery and Petrochemical Company (KRPC), as well as the revamping of some of its 5,000-kilometre pipelines throughout the country.
INEC: NIN not mandatory for voter’s registration
The Independent National Electoral Commission (INEC) has dismissed speculations that the National Identity Number (NIN) was a prerequisite for registration by prospective voters, saying it was only one of the means of identification provided for, under Section 10 Sub-Section 2 of the Electoral Act.
Dangote fertiliser to train South East farmers
Dangote Fertiliser has promised to train farmers in the South East geopolitical zone on better ways of farming to ensure bumper yields.
Internet provider reschedules debt repayment; injects $51 million
Smile Telecoms Holdings Ltd., a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania, and the Democratic Republic of the Congo, announced Wednesday, that its debt restructuring plan has been approved and agreed with the lenders.
Lagos launches LMS e-portal for workers’ training
Lagos State Government has launched the Learning Management System (LMS), an e-portal for the training of civil servants for effective service delivery.
Kebbi governor urges Nigerians to be patriotic in using social media
Governor Atiku Bagudu of Kebbi, on Wednesday urged Nigerians not to use the social media to bring down the country, but always promote the dignity of the nation before the international community.
President Buhari, Timi Sylva, Sanusi Barkindo tip gas as economic growth driver
President Muhammadu Buhari; Minister of State, Petroleum Resources, Chief Timipre Sylva; and the Secretary-General, Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, yesterday underscored the need to drive the country’s economic development by tapping Nigeria’s enormous gas resources.
Minister: President Buhari possesses will to transform Nigeria to gas nation
Chief Timipre Sylva, Minister of State for Petroleum Resources, says that President Muhammadu Buhari has the political will to ensure that Nigeria becomes a gas nation with its huge deposit of gas.
Appeal court kick-starts alternative dispute resolution system
The President of the Court of Appeal, Justice Monica Dongban-Mensem, at the official take-off of the system in Abuja, urged the judiciary to rise up and meet the challenges of adjudication in the 21st century.
Appeal court president conducts maiden mediation appeals
President of the Court of Appeal, Hon. Justice Monica Bolna’an Dongban Mensem, on Monday, conducted the inaugural session of the appellate court’s first mediation appeals.
Sachet economy: Is it a problem, a solution, or both?
History have it that “sachetisation” is not something that just began in Nigeria of Africa. The ‘sachetised’ products have long been part of Indian culture, which is believed to have pioneered the bite-sizing of consumers' products and commodities some 70 years ago, beginning with tea, of course, in small paper pouches tucking precious leaves just enough to make tea for two.
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Tokyo Olympics: Minister confident Nigeria will return to track and field podium
Youth and Sports Development Minister Sunday Dare is confident Nigeria’s 13 year wait for a track and field medal at the Olympics will end this year at the Tokyo Games.
MC Galaxy dumps music for food business
Former singer, Innocent Udeme Udofot, more popularly known as MC Galaxy is living his dreams. After years of churning out hit singles the ‘Sekem’ dance originator seems to have dumped music for good, having not released any song for a while now. Instead he has concentrated on fulfilling his dream of owning an indigenous eatery with specialty in local cuisines.
Police: Ritualist kill food vendor, cut off her hands, head in Osun
The Police are on the trail of a a suspected ritualist who killed and cut off the head and hands of a female food vendor in Ile-Ife, Osun State on Saturday.
How love affair gone bad led to imprisonment of Prophet Israel Oladele
When the Lagos State Court of Appeal granted the Senior Shepherd-in-Charge of the Celestial Church of Christ, Genesis Global, Prophet Israel Oladele Ogundipe, a post-conviction bail last week, on grounds of failing health, quite a number of people, particularly members of his congregation, were very happy with the news. This is because the televangelist’s previous bail applications were all turned down.
Police shooting of black man in Minneapolis sparks fresh protests
Protests broke out Sunday night after US police fatally shot a young Black man in a suburb of Minneapolis — where a former police officer is currently on trial for the murder of George Floyd.
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China in touch with ‘all parties’ in Myanmar – embassy
China’s embassy in Yangon said on Friday it had been in touch with “all parties” in military-ruled Myanmar, when asked about a report that a diplomat had spoken to a parallel government representing Aung San Suu Kyi’s ousted administration.
Lagos police chief warns against jungle justice
The Commissioner of Police, Lagos State, CP Hakeem Odumosun, has warned against the act of jungle justice frequently unleashed on some suspects in the state.
VP Osinbajo: We must reject agents of anarchy
Nigerians must come together and reject the agents of anarchy seeking to cause chaos for their own selfish interests, Vice President Yemi Osinbajo declared in Imo.
Pope urges IMF, World Bank to cut poor nations’ debts
Pope Francis yesterday urged the International Monetary Fund (IMF) and the World Bank to cut the debt burden of poor countries hit by the economic impact of the COVID-19 pandemic and give their governments a greater say in global-decision-making.
Woman seeks to enforce judgment on daughter’s adoption
Spanish-Based Nigerian woman, Mrs Omozele Osaghale, has called on Nigerian government to assist in ensuring that the judgment of Spanish Supreme Court, which nullified the unlawful adoption of her daughter, is enforced.