DESPITE Federal Government’s efforts in the fight against maritime environmental degradation and hazards, Nigeria is ranked among countries with the lowest scores on ships that have poor environmental indicators. According to a recent report released by the United Nations Conference on Trade and Development, UNCTD, 2019, Nigeria scored 0.38 per cent on vessels fitted with[...]
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Tim Berners-Lee, the creator of the World Wide Web, is officially launching his plan to “fix” the internet. The World Wide Web Foundation, a non-profit campaign group set up by Berners-Lee, has secured the backing of tech giants Facebook, Google and Microsoft for the scheme, dubbed the “contract for the web.” The British computer scientist[...]
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Didi Chuxing, the Chinese ride-hailing company, is set to launch a so-called robo-taxi service in Shanghai “very soon.” “We are going to launch a robo-taxi service in Shanghai very soon,” Tiger Qie, Didi’s vice president and chief technology officer of its ride-sharing unit, said onstage at CNBC’s East Tech West event in Guangzhou, China. “The[...]
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WhatsApp is bringing shopping catalogues to its WhatsApp Business app. The software, which is an off-shoot of the original chat app designed to help customers communicate with businesses or customer service representatives using the same tools as the normal chat app, is available worldwide. Dubbed Catalogs (yes, they’re using the American spelling), merchants on WhatsApp[...]
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Pierre-Louis Araud is the Global Brand Ambassador for Moët & Chandon, and a connoisseur of luxury and celebration. In his second official trip to Nigeria last week, he talks about the brand’s efforts at deepening its presence in the Nigerian market through new product offerings and what makes Nigeria a destination for such a luxury[...]
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Chinese personal computer maker Lenovo Group reported a 20% year-on-year jump in second-quarter profit on Thursday, slightly beating analysts’ estimates, on the back of strengthening demand for its products. Lenovo’s net profit in the quarter ended September rose to $202 million, compared with an average estimate of $199.59 million by eight analysts, according to Refinitiv[...]
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By the latest World Bank ranking, Nigeria is currently among the top ten most improved places to do business in the world, jumping 15 spots from 146 to 131 out of the 190 countries surveyed. The Doing Business Index is an annual ranking which objectively assesses prevailing business conditions across 190 countries based on 10[...]
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Consumers’ overall confidence outlook rose in the third quarter of 2019, as more consumers were optimistic in their outlook. The Central Bank of Nigeria (CBN), stated this in its “Consumer Expectations Survey Report for Third Quarter 2019,” a copy of which was posted on its website. According to the report, the index at 3.8 points[...]
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Why photography and when did you start? My love for photography started when I was about a year old. I was told I used to have a toy camera, which I got so used to and I take it everywhere I go. When I was about three years old, my grandmother, who is also a[...]
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The nation’s Deposit Money Banks (DMBs) is currently dominated by seven operators, with a cumulative asset base of 63.8 per cent, valued at N35.1 trillion, the latest Financial Stability Report of the Central Bank of Nigeria (CBN) has said. The report, covering the second half of 2018, categorised the seven lenders as Domestic Systemically Important[...]
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Africa’s richest man and Chairman of Dangote Cement Plc, Alhaji Aliko Dangote has promised to continue to do all within his power to help in alleviating poverty and spread wealth even as he charged Nigerians not to lose hope in the country. Speaking against the backdrop of commendations by winners in the ongoing extended Dangote[...]
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Y’ello Digital Financial Services (YDFS) Limited, a subsidiary of MTN Nigeria, has launched its mobile money transfer services for the South- west region. The regional launch and sensitisation, which introduced the super-agent network service, MoMo Agent, to the region, took place recently at Bodija Market in Ibadan, Oyo State. Officials of the company were also[...]
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Deputy Governor of the Central Bank of Nigeria (CBN) in charge of Operations, Mr Ade Shonubi, has advised business owners to prepare for the present and future of digital business environment using big data and tech. He said this at a maiden thought leadership colloquium organised by Greenwich Registrars & Data Solutions Limited, with the[...]
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More than two-thirds (68%) of UK business leaders believe employees with technology skills such as coding and cybersecurity are more valuable than those who understand traditional subjects such as math and science. A poll of 502 Information Technology (IT) decision makers from different UK firms found that 53% did not think children were taught enough[...]
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The Central Bank of Nigeria (CBN), has said the N22 billion creative industry intervention is aimed at consolidating positive results already recorded in the struggle to reposition the economy, following the 2014 oil price volatility and 2016 recession. The Creative Industries and Financing Initiative (CIFI), was scripted by CBN and the Bankers Committee, following their[...]
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Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit shelves Friday. At the Apple flagship store on Regent Street, a handful of diehard iPhone fans started waiting in line to purchase the new[...]
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The August 2019 Business Expectations Survey (BES) has identified insufficient power supply (65.9 points), high interest rate (56.5 points), financial problems (53.7 points) and unfavourable economic climate (53.5 points), as major factors constrained businesses in the month under review. It also identified unclear economic laws (50.8 points), unfavourable political climate (47 points), insufficient demand (46[...]
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Microsoft and Nvidia announced a tie-up Monday that will give the former’s popular world-building game “Minecraft” more realistic graphics. The partnership means “Minecraft” players using personal computers powered by Nvidia’s RTX chips will start seeing the effects of a technology called real-time ray tracing, both companies said in a statement. Nvidia’s graphics cards will essentially[...]
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U.S. President Donald Trump is set to decide Monday on whether to extend a temporary agreement allowing Huawei to do business in the U.S. — and Washington’s decision will likely be influenced by American tech firms, according to research firm International Data Corporation. The U.S. Commerce Department placed the Chinese tech giant on a blacklist[...]
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Building a high-value business takes patience and entrepreneurs shouldn’t believe that start-ups reach multi-million-dollar valuations overnight, a successful Danish businesswoman has warned. When it comes to growing a start-up, Mette Lykke, CEO of food waste organization Too Good To Go, speaks from experience. She co-founded fitness app Endomondo in 2007, developing the company for almost[...]
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