Glo 1, the international submarine cable wholly owned and operated by digital and telecom services company, Globacom, has marked eight years of uninterrupted connectivity, from 2016 to date. Throughout this period, it has maintained an excellent record in the provision of internet access for both customers in Nigeria and across Africa. It lived up to expectations in March, this year during the widespread internet disruptions as a result of cuts to other submarine cables in Nigeria and West Africa. Glo 1 was functioning all through, providing normal operations to financial institutions, internet service providers, and data consumers. The resilience of…
Author: Elvis Eromosele
A recent report by global data and business intelligence platform StatiSense has revealed that Nigerian mobile users made over 163 million visits to porn and betting websites in June 2024. The platform’s latest data, which highlights the top ten websites visited by Nigerians on mobile devices last month, shows a significant portion of this traffic is directed towards adult content and gambling sites. According to a post shared by StatiSense on its official X page, the top visited websites included a mix of search engines, social media apps, and betting platforms. Notably, Xvideos and Xnxx, two adult sites, collectively received…
Stanbic IBTC Bank, one of Nigeria’s leading financial institutions, partnered with the Lagos State Water Regulatory Commission to host its fifth edition of Lagos International Water and Sanitation Conference (LIWAC) 2024, which held on Tuesday, 25 and Wednesday 26 June 2024 at Eko Hotel & Suites in Lagos. The summit focused on innovative funding solutions for water and sanitation infrastructure in Africa’s largest metropolis. This strategic collaboration brought together financial experts, policymakers, and industry stakeholders under the theme ‘Financing Water and Sanitation for a Greater Lagos.’ The conference aimed to address the $4.3 billion investment gap identified by the African…
By Elvis Eromosele UNIBEN Students are at home in the middle of the academic session. The institution was shut down following a peaceful protest by the students. No, they were not asking for an arm, a leg or a free pass in core courses. The demand was for electricity and water, two basic ingredients for a comfortable stay in school, or anywhere for that matter. The absence of electricity made the pumping of water impossible. BEDC Electricity cut off power to the school for failure to pay its electric bill of N280 million monthly. This followed a 300 per cent increase…
Shared Value Africa (SVA), in collaboration with Lagos Business School Sustainability Centre and ZER Consulting Africa, proudly hosted the CEO Connect Forum Nigeria and the official launch of Shared Value Nigeria. The event was convened to foster dialogue among CEOs and business leaders on integrating the Creating Shared Value (CSV) approach to sustainability as a fundamental business strategy in Nigeria and beyond. The forum was held in person at The Wheatbaker Hotel in Ikoyi, Lagos on Wednesday, June 26, 2024, providing a unique opportunity for high-level business executives to engage and discuss leveraging societal challenges as avenues for business innovation…
Dr. Frederick Mordi, a Commonwealth Short Story Award winner, who wrote The Familiar Stranger and Other Stories, has announced the release of his second novel, The Talent Coach. Published by New Africa Book Publishers (NABP), The Talent Coach is a tour de force that adds a new perspective to the nature versus nurture debate. The novel tells the compelling story of Dr. Joe Jordan is highly sought after by many high-profile clients including CEOs of Fortune 500 Companies, heads of state, and athletes. Dr. Jordan visited Nigeria recently at the invitation of a leading new-generation bank. While in the country,…
Lagos State Governor, Babajide Sanwo-Olu, has announced the state’s ambition to increase the contribution of the real estate sector to its Gross Domestic Product from 5-6 per cent to 15-20 per cent. Speaking at the inauguration of the 26th President and Chairman of Council of the Nigerian Institution of Estate Surveyors and Valuers, Victor Alonge, in Abuja on Monday, Sanwo-Olu urged the institution to work together to take the real estate profession to the next level. “We all have a role to play in taking this profession to the next level. I urge you to support and encourage your membership,…
Rotarian Muyiwa Akintunde, Public Relations consultant and online media publisher, last Friday, formally assumed office as the President of Rotary Club of Ikeja-Alausa Central. Lead Consultant/CEO of Leap Communications and Publisher of Breezy News, Akintunde becomes the fourth member to emerge President of the club, and succeeded reputable Estate Surveyor and Valuer, Rotarian Olayinka Patunola-Ajayi. A retired Permanent Secretary with the Lagos State Government, Patunola-Ajayi was President of Rotary Club of Ikeja-Alausa Central from 1 July 2023 to 30 June 2024. According to the club, a series of fund-raising activities will start on Friday 12 July 2024 at Lagos Airport…
The United Nations has again predicted that 82 million Nigerians, about 64 per cent of the country’s population, may go hungry by 2030, calling on the government to tackle climate change, pest infestations, and other threats to agricultural productivity. The prediction comes in the wake of a persistent hike in food prices in the country. According to the National Bureau of Statistics, Nigeria’s food inflation rate hit a record high of 40.66 per cent in May 2024, surpassing the previous month’s 40.53 increase. This surge represents the largest year-on-year increase in food prices since records began in 1996. Historically, food…
Only 1.3 per cent of Nigerian informal businesses reach over ₦2.5 million monthly profit, a new report on the informal economy has revealed. According to the Informal Economy Report 2024, compiled by Moniepoint, this network of unregistered businesses, contributing over half of the country’s GDP — teeming with street vendors, artisans, and service providers — appears prosperous based on revenue figures. The report which was launched on Friday in Abuja also revealed that businesses in the informal market contribute over half of Nigeria’s GDP as 72.3% of informal businesses surpass the ₦1 million mark in monthly revenue. “Put together, businesses…