Category: e-BUSINESS

CBN Lifts Forex Ban on First Bank, UBA Six Others
September 1, 2016 No Responses

CBN Lifts Forex Ban on First Bank, UBA Six Others

The Central Bank of Nigeria on Wednesday re-instated the eight banks banned last week from operating in the country’s foreign exchange market. The CBN Director, Banking Supervision Department, Tokunbo Martins, announced the reinstatement of the banks, after a meeting between...
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Dangote lost N1.35 as Nigeria Economic Crisis Deepens – 35% of his wealth Plummets
September 1, 2016 No Responses

Dangote lost N1.35 as Nigeria Economic Crisis Deepens – 35% of his wealth Plummets

Africa’s richest man, Alhaji Aliko Dangote’s fortune has fallen by 35% this year, on the back of a commodities slump and a devaluation of the Nigerian currency, Bloomberg reports. The global business news outfit had reported in June that Dangote...
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CBN reserves fall to $19bn as non-oil exports drop by 43%
August 29, 2016 No Responses

CBN reserves fall to $19bn as non-oil exports drop by 43%

The Central Bank of Nigeria’s portion of the foreign reserves fell to $19.44 billion as non-oil exports fell by over 43 percent in the second quarter of 2016. “Provisional data showed that total non-oil export earnings, at US$576.97 million, fell...
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MTN partners Rhodes varsity on media confab
August 29, 2016 No Responses

MTN partners Rhodes varsity on media confab

MTN Group is collaborating with Rhodes University to hold a conference as part of activities marking the 20th Anniversary of the Highway Africa this weekend in Grahamstown in Eastern Cape, South Africa. Highway Africa is the continent’s yearly journalism con...
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Airtel Gives Subscribers Data Free Access to Naij.com, Jiji.ng
August 29, 2016 No Responses

Airtel Gives Subscribers Data Free Access to Naij.com, Jiji.ng

Airtel Nigeria is now into a partnership with Genesis (www.gen.tech), leading global mobile Internet company, to provide customers on the Airtel network with an amazing opportunity to access and surf on Naij.com and Jiji.ng for free, without data charges and.....
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African Developers invited for Stellar.org $2Bn Lumen Challenge
August 29, 2016 No Responses

African Developers invited for Stellar.org $2Bn Lumen Challenge

Stellar.org said that from early next month it will begin accepting submissions for the inaugural Stellar Build Challenge, and has extended invitation to developers across Africa to participate. Over 2 billion lumens (lumens are bitcoin-like virtual currency),...
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Stakeholders’ in ICT prepares for ITU World Conference
August 29, 2016 No Responses

Stakeholders’ in ICT prepares for ITU World Conference

Stakeholders’ in ICT prepares for ITU World Conference As preparations for the International Telecommunication Union (ITU) Telecom World 2016 are intensified, Information and Communications Technology (ICT) Stakeholders will next week hold a forum in Lagos. ...
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Zinox to Employ 500 Youths, Gets $25M to Rollout Digital Hubs
August 29, 2016 No Responses

Zinox to Employ 500 Youths, Gets $25M to Rollout Digital Hubs

As part of efforts to generate creative employment and increase the share of contribution from the Information and Communications Technology (ICT) sector to Nigeria’s Gross Domestic Product (GDP), foremost ICT Company Zinox Technologies has secured a whoppin...
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Zinox to Lawyers: Shun Digital Technology, Lose Relevance
August 26, 2016 No Responses

Zinox to Lawyers: Shun Digital Technology, Lose Relevance

With the use of modern day technologies the Nigerian legal and luminary profession can be renewed and practitioners can stand a better chance of making novel impacts in the society and not without accruing befitting rewards like their counterparts in...
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Nigeria Internet Service Providers Advised to Migrate to IPv6
August 26, 2016 No Responses

Nigeria Internet Service Providers Advised to Migrate to IPv6

A call has once again been made to Internet Service Providers and content developers producers in Nigeria to migrate from the Internet Protocol Version 4 (IPV4) to IPV6 for more access on the cyber space and penetration growth. The African...
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