More Investment and exports turnover is was made for Nigeria in 2019

The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market rose by four per cent, year on year (y/y), to $62.37 billion last year from $59.75 billion in 2018. Meanwhile, the naira depreciated slightly by 51 kobo in the I&E window in 2019, as the indicative exchange[...]

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Market Share of Smart Phones Rise in Nigeria

The Managing Director of Xiaomi Corporation, Shefiu Gabba said that the market share of smart phones is growing in Nigeria. He noted that Nigerians adoption of smart phones has risen in the last nine months since April this year when the company started operations in the country. Gabba disclosed this over the weekend at the[...]

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How to Monetize and Properly Utilize your iPhone

If you got a new iPhone for the holidays, you’ve probably already gone through some of the initial setup and configured things like Face ID. But, there’s a whole lot more you can do with your new iPhone, thanks to the latest iOS 13 update that rolled out in September. You can do a lot[...]

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Pricewaterhouse Cooper(PwC) grants funds to 5 NGOs, Here’s Why

Pricewaterhouse Cooper (PwC) as part of its corporate social responsibility, has donated N5 million to five non-profit, non-governmental organisation. The donation has been ongoing since the last three years, according to the Country Senior Partner, PwC West Africa, Uyi Akpata. Akpata, disclosed this at the PwC 5-for-5 Charity Walk which simultaneously took place in Lagos[...]

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The Nigerian Maritime Industry takes on Gender Equality

THE Director-General, DG, Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dakuku Peterside, says active women participation is fundamental to the growth of the maritime industry. Peterside, who stated this at a Business Luncheon and 25th Anniversary of the Women’s International Shipping and Trading Association, WISTA, with the theme, “Balancing the Gender Gap in Maritime[...]

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Top 3 tech companies struggle for the title of Best Virtual Assistant

Will Amazon’s Alexa, Apple’s Siri and Google Assistant finally get along? The major digital assistants could operate on a common technology standard under a plan announced Wednesday by Amazon, Apple and Google and other industry partners that aims to enable more smart home devices to speak to each other. The project “aims to improve the[...]

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Google challenges itself to be number one at Cloud by 2023

In early 2018, top executives at Alphabet debated whether the company should leave the public cloud business, but eventually set a goal of becoming a top-two player by 2023, according to a report from The Information on Tuesday. If the company fails to achieve this goal, some staffers reportedly believe that Alphabet could withdraw from[...]

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Huawei becomes 5G network Engineer’s, Helping Top German Company

Chinese telecom giant Huawei announced on October 16, 2019 that it has passed the 400,000 5G antennas mark, the fifth generation of mobile phones, in the world with 56 operators who have already started to roll out the new mobile network. Telefonica Deutschland, one of Germany’s top mobile carriers, has picked Huawei and Nokia to[...]

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Nigerian Stock Exchange advices against Market Infractions

The Chief Executive of Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has restated the exchange’s zero tolerance policy on all infractions in the nation’s capital market. Speaking at the induction ceremony for newly qualified Dealing Clerks in Lagos, Onyema said to accentuate the zero tolerance policy, the NSE signed a memorandum of understanding (MoU) with[...]

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Insurance Company pays over N1.4 billion in Claim in 8months, Here’s Why

Niger Insurance Plc said that it paid N1.4 billion claims in nine months from April to December 2019. Managing Director of the company, Mr. Edwin Igbiti, disclosed this at a press conference in Lagos, adding that other outstanding claims will be paid soonest. He said: ”The situation regarding unpaid claims and outstanding customer benefits can[...]

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Investments and millennials are like Oil and Water

The last decade has brought a charging bull market that doesn’t seem to be losing steam. But that may have created unrealistic expectations among millennials that markets will never go down and that investing isn’t that risky. At least, that’s one of the biggest concerns plaguing David Lafferty, senior vice president and chief market strategist[...]

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Fortune 500 CEO, takes Subway, Run his own Errands and Has a Side Hustle

Goldman Sachs CEO David Solomon isn't your average C-suite executive. Yes, he made $23 million last year, but since taking the helm at the investment bank from Lloyd Blankfein in October 2018, he's been eschewing Wall Street's stuffy ways. Fifty-seven-year-old Solomon, for instance, is known as "D-Sol" on weekends, when he performs his side gig[...]

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Things happening in Nigeria this Friday

1. The Department of State Service (DSS) Thursday released the convener of RevolutionNow protest, Omoyele Sowore and his co-accused, Olawale Bakare. Sowore was let off the hook of the DSS along with his co-accused, Olawale Bakare around 7:15. They were released to their lead counsel and Senior Advocate of Nigeria, SAN, Mr Femi Falana. This[...]

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Statistics: At least 18 Bankers Fired Daily between January and September

An average of 18 people were sacked every working day between January and September 2019. This is according to data made available by the National Bureau of Statistics (NBS). According to the ‘Selected Banking Sector Data: Sectorial Breakdown of Credit, e-Payment Channels and Staff Strength’ report, 3,582 people were sacked between the first and third[...]

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Nigerian Stock Exchange makes a Rebound in Market, Here’s Why

Trading on the Nigerian Stock Exchange (NSE) rallied on Thursday following renewed positive sentiment in banking and oil and gas stocks after dropping for two consecutive days. Specifically, the All-Share Index which opened at 26,790.10 increased by 34.40 points or 0.13 per cent to close at 26,824.50. Also, the market capitalisation inched N17 billion to[...]

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Foreign Investment In Nigeria is on a Downward Spiral, Here’s Why

Foreign investment inflow (capital importation) into the country continued on downward trend in the third quarter of the year (Q3’19), declining seven percent quarter-on-quarter (QoQ), to $5.4 billion from $5.8 billion in Q2’19. The decline in Q3’19 represents a second consecutive QoQ decline since the beginning of the year. Though foreign investment inflow rose by[...]

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Dangote says Apapa Road to be Ready by December

Aliko Dangote, president of the Dangote Group, says the first phase construction of the road leading from the seaport in Apapa to the Lagos-Ibadan Expressway Toll Gate will be completed before the end of December 2019. Dangote was speaking during an inspection of the construction site with Godwin Emefiele, governor of the Central Bank of[...]

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London about to ban Uber

Uber is awaiting a crucial decision from London’s transport regulator on whether to grant the ride-hailing giant another license to operate in the U.K. capital. The company’s permit expires Monday at 11:59 p.m. London time, and according to Transport for London (TfL) a decision is yet to be reached. “TfL is considering Uber’s application and[...]

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