3G, 4G Telecom Towers in Nigeria now 53,460—Danbatta
The third generation (3G) and fourth generation (4G) base transceiver stations (BTS) deployment in Nigeria has increased from 30,000 to 53,460 while Fibre Optic Transmission cables expanded from 47,000km to 54,725km in the last five years, resulting in improved broadband/telecoms…
Oil dips after surprise rise in U.S. crude stocks; focuses on Biden, stimulus
Oil slipped on Thursday after industry data showed a surprise build in U.S. crude inventories that reignited pandemic-led demand concerns, but stimulus hopes in the United States limited the downturn in prices. U.S. West Texas Intermediate (WTI) crude futures fell…
Renewable energy critical driver of Africa’s post-COVID-19 growth recovery
Renewable energy will be a critical driver of Africa’s post-COVID-19 growth recovery and economic prosperity, panelists in a 2021 UK Africa Investment Summit event said Wednesday, as they called for a stronger partnership between the United Kingdom and Africa. The…
African messaging app ayoba guarantees user safety
As people everywhere ramp up their usage of instant messaging, more and more are choosing ayoba. MTN Group is proud to partner with this unique instant messaging platform localised for the needs of consumers across Africa. Launched in 2019 to…
Biden’s carbon-free power plan to deepen global renewables growth—Global Data
Following President Biden’s moves to implement new climate policies upon taking office; Will Scargill, Managing Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the targets set out for decarbonizing the power sector:…
‘Strategic reforms earned Hadiza Bala Buhari’s reappointment’
President Muhammadu Buhari Thursday approved the re-appointment of Hadiza Bala Usman as Managing Director of Nigerian Ports Authority (NPA), for additional five-year tenure. Also approved is the reconstitution of the Non-Executive Board of the NPA, with Mr Emmanuel Olajide Adesoye…
Customs issues guidelines for AfCFTA implementation
The Nigeria Customs Service (NCS) has released mandatory guidelines that would guide and ensure the smooth implementation of the African Continental Free Trade Agreement (AfCFTA) across the country. It also stated that the service was awaiting directives on the list…
Oil rise on hopes of U.S. stimulus, crude stocks drawdown on Wednesday
Oil prices rose on Wednesday, adding to solid gains overnight, on expectations the incoming U.S. administration will go ahead with massive stimulus spending that would boost fuel demand and draw down crude stocks. U.S. West Texas Intermediate (WTI) crude futures…
AFF to drive innovation, techpreneuers’ with 2021 Accelerator scheme
Africa’s foremost innovation hub, the Africa Fintech Foundry (AFF), has opened up its registration portal for the2021 Accelerator program. The initiative, which is being executed in partnership with Access Bank Plc, seeks to fast-track the growth of the best start-ups…
AfDB, European Investment Bank sign deal to fast-track development in Africa
The African Development Bank (AfDB) (www.AfDB.org) and the European Investment Bank (EIB) today signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities and a strong shared emphasis on boosting public and private sector investment in…
