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PERMANENT REMOTE WORK GETS BOOST AS MICROSOFT CLOSE RETAIL SHOPS WORLDWIDE

Microsoft has closed down its physical store locations across the world permanently, a sign that remote work is gaining attraction from big companies as the next frontier for the future of work. [...]

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FG ACQUIRES PROFILING ROBOTS FOR AIRPORT

It can be programmed to identify unwanted items and check temperature. The Federal Government has acquired Profiling Robots to process passengers at the Departure Hall of airports. This was [...]

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QUICK TAKE: SWOT ANALYSIS OF NIGERIA’S FINANCIAL SECTOR ACCORDING TO FITCH SOLUTIONS

The Coronavirus pandemic is top on the list of factors weakening the Nigerian financial sector. Nigerian banks, insurance firms, and other financial services providers have the potential for [...]

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FPI AND FDI DROP TO $68 MILLION AND $18 MILLION RESPECTIVELY IN APRIL, LOWEST SINCE 2016

Nigeria attracted just $67.9 Million in Foreign Portfolio Investment (FPI) inflow for the month of April 2020, the lowest inflow recorded this year. This is contained in the latest capital [...]

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STOCK MARKET REPORT FOR 26TH OF JUNE, 2020

A total turnover of 739.375 million shares worth N8.563 Billion in 17,248 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.050 billion shares [...]

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EXPERTS BACK BUHARI AS PRESIDENT FAULTS ECOWAS SINGLE CURRENCY

The President, Major General Muhammadu Buhari (retd.), on Tuesday, 23rd of June 2020 raised concerns over the planned single currency for the Economic Community of West African States. He said [...]

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FG UNBUNDLES NIPOST, CREATES THREE SUBSIDIARIES

The Federal Government is unbundling the Nigerian Postal Service into three subsidiary companies which will operate on the principle of commercial viability, the Bureau of Public Enterprises [...]

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IMF FURTHER REDUCES NIGERIA’S 2020 GROWTH RATE TO -5.4%

The International Monetary Fund, IMF, has further downgraded Nigeria’s economic outlook for the rest of 2020 to -5.4 percent growth, worse than sub-Saharan Africa’s average of -3.2%. The Fund had [...]

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MTN, AIRTEL, OTHERS PARTNER UN TO BUILD COVID-19 INFORMATION PLATFORM IN AFRICA

The platform will deliver COVID-19 information to about 600 million people in the continent.  MTN, Airtel, Orange SA, and Vodacom have signed a partnership deal with the United Nations to build a [...]

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NHS INTRODUCES USE OF AUTONOMOUS TECHNOLOGY IN HYDROGRAPHY

In a move to meet up with the demands of blue economy, the Hydrographer of the Navy and President of the Nigerian Hydrographic Society, NHS, Rear Admiral Chukwuemeka Okafor, in a virtual  address [...]