Jess Auerbach Jahajeeah, University of Cape Town Large parts of west and central Africa, as well as some countries in the south of the continent, were left without internet services on 14 March because of failures on four of the fibre optic cables that run below the world’s oceans. Nigeria, Côte d’Ivoire, Liberia, Ghana, Burkina Faso and South Africa were ...
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Inflation In Nigeria Is Still Climbing While It Has Slowed Globally: Here’s Why
Stephen Onyeiwu, Allegheny College Just as Nigerians were gradually digging out from the devastating effects of the COVID-19 pandemic, they were hit by high inflation. The Nigerian economy contracted by 6.1% at the peak of COVID in the second quarter of 2020. Unemployment rate rose from 27% in the second quarter of 2020 to 33% in the fourth quarter of ...
Read More »305 Host Communities Youths Graduated From Dangote Cement’s Vocational Empowerment Programmes
No fewer than 305 youths from the Dangote Cement Ibese plant’s 17 host communities have so far been trained and empowered with multi-million Naira start-up packs in different vocations since the commencement of operations by the Cement Company in Ibese, the Company management has disclosed. This is just as the Ogun State government lauded the efforts of Dangote Cement in ...
Read More »Cost-Of-Living Crisis: Experts Share 3 Survival Tips
Bomikazi Zeka, University of Canberra and Abdul Latif Alhassan, University of Cape Town The price increases for essential goods such as food, petrol and household utilities are a global concern, but the region most hurt by the surge in food prices is sub-Saharan Africa. The knock-on effect from the supply chain disruption caused by the COVID-19 pandemic, climate disasters that ...
Read More »CBN Revokes Operating Licenses Of 4,173 BDCs
The Central Bank of Nigeria (CBN) has revoked the operational licences of 4,173 Bureaux De Change operators in the country. The bank disclosed this Friday through a statement signed by the acting Director, Corporate Communication, Sidi Hakama. The bank said the affected institutions failed to pay for licence renewal, submit returns or comply with CBN directives on anti-money laundering, countering financing of ...
Read More »Are You Embracing Tech-Led Innovations, The Holy Grail Of Efficiency And Pivotal To Business Success?
In today’s “digital-first” world, industries globally are continually having to transform and adapt to maintain their competitive edge and meet customer expectations, reshaping the way we live, work and interact. From finance to agriculture, education to entertainment, the digital revolution has touched every aspect of our lives, presenting both challenges and opportunities for businesses across most sectors. “Technology is reshaping ...
Read More »Aba Power To Start Commercial Operations Of Turbines This Weekend
Aba Power Ltd, a subsidiary of Geometric Power, will start to supply power from one of its three turbines to consumers in the Aba Ring-fenced Area this weekend rather than in two weeks as originally scheduled. The company had scheduled supplies to commercial customers 13 days after commissioning in line with technical protocols, but, according to sources, its chairman, Professor ...
Read More »What ‘Psychological Warfare’ Tactics Do Scammers Use, And How Can You Protect Yourself?
christinarosepix/Shutterstock Mike Johnstone, Edith Cowan University and Georgia Psaroulis, Edith Cowan University Not a day goes by without a headline about a victim being scammed and losing money. We are constantly warned about new scams and staying safe from cybercriminals. Scamwatch has no shortage of resources, too. So why are people still getting scammed, and sometimes spectacularly so? Scammers use ...
Read More »Obi To FG: Stop Arbitrary, Ever-Increasing Customs Duties
The Labour Party presidential candidate in the 2023 election, Mr Peter Obi, has urgently called on the Federal Government of Nigeria to end the inconsistency in duty charges “as it is affecting the general business atmosphere in the country.” Obi, who is a former governor of Anambra state, made his views known in a Facebook post on Wednesday. He said, ...
Read More »Many Nigerians Can No Longer Afford Beer, Says NB CEO
The Chief Executive Officer of Nigerian Breweries Plc, Hans Essaadi, has said that the economic situation in Nigeria has deteriorated to the extent citizens can no longer afford to buy beer. Essaadi said this on Monday at the company’s investor call following the release of its 2023 results. “It has been unprecedented year for our business in Nigeria. We saw ...
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