Nigeria: Fulani Herdsmen may derail $538m agric fund by AfDB, others
Whereas President Muhammadu Buhari, yesterday, Wednesday, January 25 in Senegal, lauded the provision of $538.05m by the African Development Bank (AfDB), the Islamic Development Bank, and the International Fund for Agricultural Development for the first phase of the Special Agro-Industrial…
ChatGPT’s Effects will be Social, not Technical
By Chester Wisniewski, field CTO applied research Sophos The technology world was on fire about the latest artificial intelligence demonstration by OpenAI in the waning months of 2022, ChatGPT. It is truly a remarkable achievement, an artificial intelligence (AI) that…
NITDA flags off NDSS, Volunteer Expert Group
The Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, has inaugurated Volunteers Expert Groups (VEGs) for the National Digital Skills Strategy (NDSS), aimed at positioning Nigeria as a global digital talent factory capable of filling the 85 million…
13-km Lagos Mass Transit Blue Line Rail to be powered by electricity
President Muhammadu Buhari, yesterday, Tuesday January 24, 2023, inaugurated the first phase of the Lagos Mass Transit Blue Line Rail Project stretching from Marina to Mile 2 and has five stations — the Marina Iconic station; National Theatre; Orile-Iganmu; Suru-Alaba…
NDPB readies for national Privacy Week
Nigeria will on Saturday 28th of January 2023 join the international community to observe Global Data Privacy Day 2023.It is a Day that has been set aside to create awareness of fundamental rights and freedoms relating to the privacy of…
(Special Report) Nigerians await first crime to be smashed using NIN-SIM fact-check
As the endless wait for the smashing of a criminal syndicate or arrest of a prime suspect using National Identification Number (NIN) -Subscriber Identity Module (SIM) integration technology continue to be elusive in the face of jumping criminality continue, many…
CBN raises MPR to 17.5%, retains other indices
Members unanimously voted to increase the Monetary Policy Rate (MPR) further by 100bps to 17.5% at its first meeting of 2023, representing the fifth consecutive rate hike since the CBN commenced its monetary policy tightening cycle in May 2022. The…
Chinese developer owns 52.5% shares at commissioned Lekki Deep Seaport
More details of the share structure of the Lekki Deep Sea Port declared open in Lagos Tuesday by President Muhammadu Buhari has emerged, showing that while 52.5% is owned by the Chinese developer, the Chinese Harbour Engineering Construction company, Tolaram…
Unilever reports growth in earnings powered by expansion in gross margin
Unilever Nigeria Plc (UNILEVER) published its Q4-22 unaudited results Tuesday, reporting a standalone EPS of NGN1.10 (vs EPS of NGN0.68 in Q4-21), bringing 2022FY EPS to NGN1.04 (2021FY EPS: NGN0.59). The growth in earnings was due to the expansion in…
Africa Plus Partners lists carbon mitigation fund on NGX
In another significant move towards championing sustainable investing in Africa, Nigerian Exchange Limited (NGX) is pleased to announce the listing of Africa Infra Plus Fund (AIPF I), a ₦20.5bn closed-end infrastructure fund, on the Exchange, on Tuesday, 24 January 2023…
