Fintech industry could create 3m jobs in Nigeria –Experts

Experts in the financial technology (fintech) industry have said that increased collaborations and investment by stakeholders in the industry will lead to economy growth, saying the sub-sector can create three million jobs in Nigeria in the next few years. They stated this at the maiden Africa FinTech Foundry Disrupt (AFFD) Conference, sponsored by Access Bank Plc in Lagos. The forum provided a platform for the experts to raise the advocacy with different panel discussions held to address pressing issues concerning the future of fintech. According to the experts, for Nigerian…

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FG to revive comatose textile industry with BT cotton

The Federal government plans to revive Nigeria’s comatose textile industry, leveraging on the biotechnology (BT) cotton, which is already being developed and still at on-station trial at the National Biotechnology Development Agency (NABDA), Abuja. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, who was on inspection tour of the BT cotton on station trial, gave this hint in Abuja. The minister said he was delight over the introduction of the BT cotton in Nigeria, saying it was a good development for the country ‘s comatose textile industry. He…

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NOTAP hinges tech devt on industry-academia linkage

For Nigeria to develop technologically, the knowledge institution must be abreast of the global technology needs, the Director General of the National Office for Technology Acquisition and Promotion (NOTAP), Dr. DanAzumi Ibrahim has said. Ibrahim, who sated this during the commissioning of an Intellectual Property and Technology Transfer Offices (IPTTO) in the University of Lagos, however, said that a strong linkage between the industry and the academia is needed to develop technologically. He explained that NOTAP, in carrying out the registration of Technology Transfer Agreements (TTAs), which is one of…

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Glo commits N18bn to new base stations …Boosts $70bn industry investment

Nigeria’s indigenous telecoms company, Globacom, has committed an estimated N18 billion into the deployment of additional 200 base transceiver stations (BTS) as part of its on-going efforts to deepen access to forth generations (DG) data services across the nooks and crannies of the country, New Telegraph learnt. The investment, it was gathered, is a fillip to the industry’s $70 billion and a move to bridge the infrastructure investment gap earlier identified by the industry regulator, the Nigerian Communications Commission (NCC). The Executive Vice Chairman of NCC, Prof. Umar Danbatta, had…

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Fuel theft: Senate calls for major shake-up in NNPC

The Senate has advised the Nigerian National Petroleum Corporation (NNPC) to go beyond the sacking and redeployment of a few officials involved in fuel theft and other sharp practices in the industry. The upper legislative chamber gave the advice in a statement issued yesterday in Abuja by its spokesman and chairman, Senate Committee on Media and Public Affairs, Aliyu Sabi. The Senate tasked the NNPC to initiate a comprehensive restructuring of its operations which currently allowed officials and other firms to appropriate national resources for their personal use, thereby contributing…

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Local oil firms walking a tight rope

Indigenous firms are the worst-hit by myriads of challenges bedeviling the oil and gas industry. ADEOLA YUSUF reports on how many of them are running into bankruptcy     Aiteo, an indigenous oil firm, made the headlines penultimate week; basking in the euphoria of its new status as the biggest Nigerian- owned oil firm in terms of production, hitherto known by many as the petroleum product trading firm, it announced the production of the largest share of the 313,602 barrels per day output from indigenous companies. The firm’s management cannot…

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AY Live: Celebrities, fans light up event

  Popular Comedian `AY`, real name Ayo Makun and his celebrity friends in the entertainment industry, thrilled their fans with a superlative performances in a live comedy show tagged `AY LIVE`. The News Agency of Nigeria (NAN) reports that, it was a pumped up night at the Eko Hotel and Suites, Lagos, venue of the staged show on Easter Sunday. From the biggest names in entertainment, corporate world to comedy and music lovers, all came to have a good Easter celebration time and party at the AYLIVE. The main venue,…

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Ahmedu, Omotayo, Yusuf, call for NSC’s return

The President of the Federation of International Basketball Association, Africa Zone 3, Colonel Sam Ahmedu, athletics coach, Professor Seun Omotayo, and Former Secretary General of the Nigeria Football Federation, Tijani Yusuf, has called for the return of the National Sports Commission. The trio noted that sports had suffered a lot in the country and the only way forward was the return of the commission with top technocrats in charge. “The NSC must come back,” Ahmedu said. “This was part of the Recommendations of the National Sports Reform Committee. A bill…

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