CONTROVERSIAL GIFT: Kano State Governor Abba Kabir Yusuf gifted 40 members of the state House of Assembly luxury SUVs valued at a total of N2.7 billion. Each SUV is reportedly worth N68 million. The Assembly comprises members from the NNPP (25), APC (14), with one undecided seat. PREVIOUS INCIDENT: This follows a similar gifting controversy […]
A new study by marketing measurement platform Lifesight.io, leveraging SEMrush data, sheds light on social media usage trends, demographics, and platform growth. Here’s a breakdown of the key findings: Overall Growth: Social media visits have surged 70.56% in five years, reaching a record 1.98 trillion visits in 2023. The average user makes 165 billion visits […]
Netflix’s gamble on an ad-supported tier has paid off, attracting a staggering 40 million monthly active users in just over a year. Key Takeaways: Explosive Growth: Launched in late 2022, the ad tier has seen an eightfold increase in users, demonstrating its appeal for budget-conscious viewers. Shifting Preferences: Over 40% of new sign-ups in regions […]
Suppple, a South African AI company, announces a provisional listing on the Luxembourg Stock Exchange (LuxSE). Key Highlights: Market Debut: This listing marks a significant step for Suppple, aiming to fuel further expansion and growth. Cutting-Edge Solutions: Suppple offers a chatbot, API, and data visualization platform to streamline processes and automate workflows. They empower governments, […]
Lenovo announced a new suite of AI-focused infrastructure systems and solutions designed to accelerate AI adoption across various industries. Key Offerings: GPU-rich servers: Delivering high performance for compute-intensive workloads, these solutions cater to financial services, healthcare, energy, and other demanding sectors. ThinkSystem SR685a V3 8GPU server: This powerful system, co-developed with AMD, offers exceptional performance […]
The National Identity Management Commission has enrolled 107.34 million Nigerians into the national identification number database so far. New Enrolment Numbers: As of May 2024, over 107.34 million Nigerians have registered for a National Identification Number (NIN). This represents a significant increase from 85.6 million recorded in December 2023. The growth translates to an additional 3.2 […]
Zarttalent Foundation, a Nigerian organization dedicated to fostering technological innovation among youths, partnered with Covenant University for their 2024 Career Fair. Credits: Google THEMED “LIMITLESS FUTURE,” THE EVENT FOCUSED ON: Equipping Students: The fair aimed to equip final year, post-graduates, and IT-eligible students with practical knowledge and experience to launch their careers. Interactive Learning: Students […]
Airtel Africa, a leading telecommunications provider in Africa listed on the Nigerian Stock Exchange (NGX), emerged as a MAJOR WINNER at the inaugural ICAN-NGX Awards. HONORED FOR OUTSTANDING FINANCIAL REPORTING AND CORPORATE GOVERNANCE Airtel Africa received the MOST OUTSTANDING IN FINANCIAL REPORTING award, surpassing industry giants. The company was also recognized with the GOLD AWARD […]
Zenith Bank’s recent financial report reveals a concerning trend of increasing non-performing loans (NPLs). While the bank experienced significant growth in its loan portfolio, particularly in foreign currency loans and the oil and gas sector, this expansion comes at a cost. Oil and Gas Exposure Creates Concentration Risk The oil and gas sector accounts for […]
Nigeria’s foreign trade statistics for 2023 reveal a significant shift in its major trading partners. Here’s a breakdown of the key trends: China Remains Dominant: China maintains its top position, with a record-breaking trade volume of N7.49 trillion. This dominance is likely fueled by ongoing infrastructure investments and established trade agreements. Netherlands Emerges as Second-Largest […]