The Nigerian Communications Commission (NCC) has revealed that while conversations are going on about the deployment of 5G across the country, the development of 6G and 7G are already on the horizon. Dr Aminu Maida, Executive Vice Chairman/CEO, NCC, who revealed this during the inaugural Telecoms Industry Risk Management Conference in Lagos, noted that the commission remains committed to fostering an environment that encourages innovation while prioritising the security and stability of Nigeria’s telecom infrastructure. The conference, which has the theme, “Evolution and Future Risk Management in the Telecoms Industry: Harnessing Emerging Technologies and Trends” brought together a diverse array of stakeholders,…
Author: Elvis Eromosele
The Federal Mortgage Bank of Nigeria has initiated a rehabilitation process to revive about 46 abandoned housing projects nationwide. The bank said this would be achieved through a partnership with Shelter Afrique Development Bank, a pan-African finance institution that exclusively supports the development of the housing and real estate sector in Africa. Shehu Usman Osidi, Managing Director, FMBN, stated this while hosting the management of Shelter Afrique Development Bank recently in Abuja, noting that the bank had made reviving the housing estates a priority. According to him, the intensified collaboration will help provide construction and mortgage financing to developers in…
President Bola Tinubu has approved the appointment of Mr. Gbenga Alade as Managing Director of the Asset Management Corporation of Nigeria. Alade succeeds Ahmed Kuru who assumed office in August 2015. The president also approved the appointment of the 10 executive heads across the Nigerian Communications Commission, Galaxy Backbone Limited and Nigerian Communications Satellite Limited. Special Adviser to the President on Media and Publicity, Ajuri Ngelale, announced the appointments in a statement he signed on Thursday titled, ‘President Tinubu appoints new AMCON management team.’ Tinubu also appointed the three other executive directors pending their confirmation by the Nigerian Senate. They…
Barth Nnaji, chairman of Geometric Power Group, has attributed the reason he developed the $800m Geometric Power Plant in Aba to Ngozi Okonjo-Iweala and the late James Wolfohnson. He disclosed this at the recently convened leadership colloquium on “Igbo Leadership and Development.” Nnaji linked the origins of the Aba Power Plant to the time when the late James Wolfohnson, a former president of the World Bank, was called to Aba by Ngozi Okonjo-Iweala, the former minister of finance for Nigeria to witness personally the enormous economic and technological potential of Aba. He said, “After the visit in 2004, the duo asked…
Today in Nigeria, three in ten Nigerian couples struggle to conceive, Bridge Clinic, an assisted reproductive centre with a 25-year history of helping families, has revealed. The firm warned that male infertility is becoming increasingly prevalent in the country as more men are struggling to produce potent sperm partly due to poor diet, recreational drug use, and other environmental factors, reducing the chances of conception. According to Toyin Ajayi, Medical Director at Bridge Clinic, “We are finding out that in a lot of couples coming in, male infertility is on the increase. Studies are going into this to find out.…
In a rapidly evolving landscape, digital transformation emerges as the catalyst propelling Nollywood into a new era of innovation and growth. By embracing digital technologies, Nollywood stands poised to revolutionize the entertainment industry, harnessing the power of data, AI, and emerging platforms to reshape storytelling and audience engagement. Jide Awe, CEO of Jidaw.com, emphasized the urgency for Nollywood stakeholders to embrace digital technologies during the fireside session of the Nollywood Economic Outlook 5.0 in Lagos. The Fireside Chat Session was hosted by talented Actress, Ijeoma Imo. The Nollywood Economic Outlook, now in its fifth year, is a special economic session…
Industry experts convened at the Nollywood Economic Outlook 5.0, orgnised by The Nollywood Mandate (TNM) last week to address the economic challenges and opportunities facing Nigeria’s film industry. Keynote speaker Victor Mark-Onyegbu, Head of Grants at Africa No Filter, emphasized the crucial role of the creative economy in driving societal change and economic prosperity. In his address, Mark-Onyegbu, highlighted the interconnectedness of the general economic landscape with the creative economy, stressing the importance of addressing macroeconomic factors affecting the industry. He drew attention to infrastructure deficits, low investment in movie theatres, and the impact of piracy on revenue streams. Mark-Onyegbu…
BetKing, Nigeria’s leading sports betting company, celebrated its 6th anniversary with a thrilling exhibition football match between KingMakers FC and BetKing Agents at the BetKing Mini Stadium. The match, symbolizing unity and competitiveness among staff and partners, was kicked off by BetKing’s Managing Director and CEO, Gossy Ukanwoke in a ceremonial start. Kingmakers FC started strong, scoring two awesome goals, but the Agents quickly tied the game before halftime. In the second half, the Agents took the lead again. However, the Kingmakers didn’t give up and fought back, tying the match at 3-3. The deadlock led to a tense penalty…
By Elvis Eromosele I was in Ikotun market weekend shopping for groceries with Madam. While it was coated in romantic garbs, i.e. ‘continuation of valentine’, the aim was surreptitiously to see where one’s money was entering in these times. A lady buying tomatoes just ahead of us, priced (haggled) up and down and finally exclaimed “We no kuku fit chop the money”. This is precisely the stark reality in the face of soaring inflation rates, “we can’t eat currency.” Currency is meant to be spent even though the value has depreciated. The sad thing is that inflation isn’t just a number…
Globacom, leading telecommunications company, has unveiled a recharge-based loyalty programme tagged, “Glo rewards-cashtoken.” According to a statement by the mobile operator, the promo is open to all existing and new prepaid subscribers on the Glo network. Globacom said that the new season was unveiled to give Glo subscribers and other Nigerians another opportunity to win cash prizes and other amazing items. It added that subscribers participating in the Rewards Programme, just like in other seasons, would earn cashtokens on every N1000 cumulative recharge within a calendar month. “To enroll in GloRewards, subscribers will dial *301*8# and start recharging to earn…