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NIGERIA, OTHER OIL PRODUCERS FACE MAJOR CHALLENGE — IEA

The Organisation of the Petroleum Exporting Countries and its allies face stiff competition in 2020, the International Energy Agency has said, adding urgency to the oil producer group’s policy [...]

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TOTAL PENSION ASSETS RISE TO N9.58TN

The total assets under the Contributory Pension Scheme rose to N9.58tn as of the end of September, according to the National Pension Commission. A total of N6.84tn or 71.43 per cent of the funds [...]

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NIGERIAN ENTREPRENEUR GETS OVER N90M SUPPORT FROM JACK MA FOUNDATION

A Nigerian entrepreneur, Temie Giwa- Tubosun yesterday pipped nine other African entrepreneurs to land Jack Ma’s $250,000 (over N90m) prize money for innovation in business Temie-Giwa is the [...]

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‘TECHNOLOGY WILL PLAY VITAL ROLE IN AFRICA’S SUSTAINABLE DEVELOPMENT’

As Nigeria millennial takes a larger per cent of the global workforce, they have been urged to explore sustainable ideas and projects to enhance growth. Speaking during the Inspire, Innovate and [...]

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95% OF TECHNOLOGY USED IN NIGERIA IMPORTED — NOTAP

The National Office for Technology Acquisition and Promotion has expressed concern at the huge sums being spent by Nigerian organisations to acquire relevant technology, saying 95 per cent of [...]

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CBN STABILISES NAIRA WITH $25.68BN IN EIGHT MONTHS

The Central Bank of Nigeria injected about $25.68bn to stabilise the nation’s currency in the foreign exchange market between January and August this year. The $25.68bn was arrived at by our [...]

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STOCK MARKET REPORT FOR 15TH NOVEMBER 2019

The market opened for four trading days this week as the Federal Government of Nigeria declared Monday 11th November 2019 a Public Holiday to mark the Eid-Ul-Maulud celebrations. A total turnover [...]

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EQUITIES MARKET RETURNS TO LOSING STREAK, SHEDS N57BN

The equities market has returned to its losing streak after two days of gain, shedding N57bn at the end of trading on Wednesday. Stock investors recorded gains worth N131bn on Friday and Tuesday [...]

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TREASURY BILLS’ INTEREST RATES CRASH TO SINGLE DIGITS

The interest rates on treasury bills have crashed further, closing in the single digit region at the end of the Primary Market Auction on Wednesday. The CBN had offered N4.38bn on the 91-day [...]

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DJI MAKES APP TO IDENTIFY DRONES AND FIND PILOTS

Drone maker DJI has demonstrated a way to quickly identify a nearby drone, and pinpoint the location of its pilot, via a smartphone. The technique makes use of a protocol called “Wi-Fi Aware”, [...]

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