Business

Tony Elumelu’s Transcorp consolidates position, acquires 60% stake in Abuja DisCo, appoints CEO . As Transcorp Group’s market capitalization hits over N540bn By Eyo Nsima The Transnational Corporation (Transcorp Plc), Transcorp has acquired a 60 percent interest in Abuja Electricity Distribution Company, AEDC, thus consolidating its leadership position in Nigeria’s power sector. Serial entrepreneur and

NCC Showcases Indigenous Telecom Achievements at NTICE 2023 Expo The Nigerian Communications Commission (NCC) is set to showcase achievements so far recorded in the promotion of indigenous content in the telecommunications sector at the second edition of the Nigerian Telecommunications Indigenous Content Expo (NTICE 2023), which holds in Lagos from August 22-24, 2023, at Landmark

ECONOMY: CBN plans new measures to stabilise naira By Eyo Nsima The Central Bank of Nigeria, CBN, has adopted new measures, targeted at stabilising the naira against the US dollar. The Acting governor of the CBN, Folasodun Sonubi, who disclosed this after a meeting with President Bola Tinubu in Abuja, said: “Mr. president is very

Digital Cooperation Organization inaugurates Digital Prosperity Awards The Digital Cooperation Organization (DCO) has announced the launch of the highly anticipated Digital Prosperity Awards to honor and celebrate the remarkable digital contributions that enable prosperity for all, particularly in advancing the digital economy, which has a critical role in boosting nations’ development and growth. The Digital

GLOBAL ECONOMY: United States, Brazil, Russia experience economic growth in H1’23 By Eyo Nsima The United States, Brazil and Russia experienced economic growth that surpassed initial expectations in the first half of 2023, according to the Organisation of Petroleum Exporting Countries, OPEC. In its August 2023 Monthly Oil Market Report, MOMR, the organization, stated: “The

Big 5 Construct Nigeria returns to Lagos connecting 140+ exhibitors with 8,000 construction professionals     Nigeria boasts Africa’s largest economy, surpassing $450 billion in GDP. Its thriving construction sector drives GDP growth, fueled by improved economic conditions, higher oil revenues, and significant government investment in infrastructure projects. Big 5 Construct Nigeria, which returns to Lagos

NCC warns against sale, use of non-type approved devices The Nigerian Communications Commission (NCC), has warned traders and other stakeholders about the negative consequences of selling and purchasing phones and telecommunications gadgets that are not type approved by the Commission. The certification of telecom devices used in the telecom sector is one of the mandates of

NCC, BPSR to Embark on Digitization of Govt Processes For a start, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta and the Director-General, Bureau of Public Service Reforms (BPSR), Dr. Dasuki Arabi have penned a Memorandum of Understanding (MoU) to jointly work towards accelerating the digitisation reform process in government. Speaking