When Bill Gates, Microsoft’s co-founder, visited Nigeria last month, he said the current migration of young Nigerian professionals was good and healthy for the economy. According to Gates, the rapid surge in immigration has significant benefits, as it contributes to the development of world-class skills and the capacity to repatriate much-needed foreign exchange to grow …
Africa has some of the world’s most significant, yet, untapped resources such as solar, hydraulic and geothermal energy. While some of these resources are scattered across the continent, most are found in huge deposits around the Northern, Southern and Eastern regions. According to comments by Makhtar Diop, Managing Director, IFC, in the recently concluded Africa …
Agada Apochi, managing director of Unified Payment Services Limited Unified Payment Services Limited, Nigeria’s financial technology service provider, has announced the appointment of Vivian Okolo as the Director of Corporate Services. Agada Apochi, managing director of Unified Payment Services Limited, said “Okolo brings invaluable experience, rare leadership skills, and strong business acumen to the leadership …
Visa, Worldwide FIFA Women’s Football Partner, announced the first-ever extension of the coveted Visa Player of the Match athlete award to support women-owned small businesses (WSMB) with $500,000 in total grant funding across the 64 matches and potentially 32 qualifying countries. “Visa understands equity requires action and resources. We’re excited to use the world’s biggest …
Tech giants Elon Musk and Mark Zuckerberg have led a total of $852 billion surge in fortune among the 500 richest people in the world in the first half of 2023. The data compiled by Bloomberg shows that Musk, Tesla CEO was a top gainer on the list of Bloomberg billionaires index with an added …
Instagram is set to unveil its latest offering, Threads, a stand-alone app that aims to bring like-minded individuals together. With its expected launch on July 6, Threads is set to provide a seamless experience by directly porting over users’ existing Instagram followers and following lists, eliminating the need to build a community from scratch. The …
Several countries have begun enticing Nigerian tech professionals to relocate with the promise of lucrative opportunities. According to a report from CompTIA. tech occupations across the economy in May 2023 increased by 45,000 jobs, while the unemployment rate for tech occupations decreased slightly from 2.1 percent to 2 percent. Canada, the United States, the United …
The banking industry total credit increased by N4.54 trillion or 17.40 percent between the end of April 2022 and the end of April 2023, reflecting increased industry funding base and adherence to the Central Bank of Nigeria (CBN)’s Loan to Deposit Ratio (LDR) directive. The sector’s total gross credit increased from N26.10 trillion in April …
During a budget consideration meeting three years ago, Femi Gbajabiamila, the then Speaker of the House of Representatives, called for deep cuts to governance costs. Today as the president’s chief of staff, he has more clout in the corridors of power. “We recognise that we cannot accomplish these objectives using loans and outside financing alone. …
Africa has some of the world’s most significant, yet, untapped resources such as solar, hydraulic and geothermal energy. While some of these resources are scattered across the continent, most are found in huge deposits around the Northern, Southern and Eastern regions. According to comments by Makhtar Diop, Managing Director, IFC, in the recently concluded Africa …