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‘NIGERIA NEEDS NEW TECHNOLOGIES TO DRIVE INCLUSION, GROWTH’

AI is a set of technology capabilities that enhances human ingenuity, like Machine Learning, data collation and voice recognition. It is not about replacing human beings, but enhancing their [...]

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NIGERIA’S SLOW IT MARKET GROWTH HINDERS WEST AFRICA’S EXPANSION

The slow growth seen in Nigeria’s Information Technology (IT) market, is posing serious challenge to the West African IT ecosystem expansion. This challenge, which has been linked to some [...]

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INFLATION RATE RISES AGAIN, NOW 11.28%

The National Bureau of Statistics on Tuesday released the Consumer Price Index, which measures inflation, with the rate rising from 11.23 per cent in August to 11.28 per cent in September 2018. [...]

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MOBILE MONEY: TELCOS PUSH AGGRESSIVELY FOR PAYMENT BANKING SERVICES LICENSE

Telecommunications companies, telcos, in Nigeria are not leaving any stone unturned in their quest to play in the mobile money space. Although telcos say their sole purpose of seeking formal [...]

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MICROSOFT CO-FOUNDER PAUL ALLEN DIES OF CANCER COMPLICATIONS

Microsoft Corp co-founder Paul Allen, the man who persuaded school-friend Bill Gates to drop out of Harvard to start what became the world’s biggest software company, died on Monday at the age of [...]

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MIT UNVEILS NEW $1 BN COLLEGE FOR ARTIFICIAL INTELLIGENCE

The Massachusetts Institute of Technology announced plans Monday to create a new college of artificial intelligence with an initial $1 billion commitment for the program focusing on “responsible [...]

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FIDSON LEADS LOSERS AS STOCK MARKET WEAKENS

The Nigerian stock market opened the week on a negative note as market participation weakened on Monday, causing both the volume and value of trades to decline by 43.72 per cent and 57.08 per [...]

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NIGERIA LOSING 500MMSCF OF GAS DAILY – NNPC

The Nigerian National Petroleum Corporation stated on Monday that on a daily basis, over 500 million standard cubic feet of gas were being shut in by producers as a result of the problems in the [...]

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PETROL PRICE SHOULD BE REVIEWED REGULARLY – OIL MARKETERS

The Major Oil Marketers Association of Nigeria has said the pricing template for Premium Motor Spirit should be reviewed regularly to ensure that the price of the commodity reflects the reality [...]

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POWER GENERATION WOBBLES AS GRID COLLAPSES CONTINUE

Nigeria’s power grid collapsed twice last month as the quantum of electricity generated kept wobbling between 2,100 megawatts and 4,500MW. Data obtained from the Federal Ministry of Power, Works [...]