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Business

Increase in customs import duty rates directly  undermines Nigeria’s economy – Dr Kalu

Increase in customs import duty rates directly undermines Nigeria’s economy – Dr Kalu

In consideration of the nation's dampening, decaying, and dwindling economy, the Nigeria Customs Service still finds it suitable to announce an increase in the import duty rate that is directly going to have adverse impacts on the entire national economic structure. Since the inauguration of this government in power, Nigerians have been sandwiched in tunnels of hardship, lack, and other confronting challenges without any meaningful commitment by the authorities to address the situation. The news on board all social media platforms has been the federal government's unexpected announcement that the January salary of Federal civil servants would not be paid…
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VIDEO: Systemic Demolition Of Igbo-Dominated Markets In Lagos; Ohanaeze Advises Traders To Think Home

VIDEO: Systemic Demolition Of Igbo-Dominated Markets In Lagos; Ohanaeze Advises Traders To Think Home

Expressing strong disapproval of the deliberate demolishing of markets predominantly owned by the Igbo community in Lagos: Igbo people, it is prudent to gradually withdraw. OHANAEZE NDIGBO - 3/2/2024 Ohanaeze Ndigbo, the esteemed voice of the Igbo, vehemently denounces the blatant utilization of state machinery to target peaceful Igbo traders in Lagos State, without any prior notice or evaluation of their goods and products. In light of these distressing events, Ndigbo must acknowledge that it is now time to gradually retreat and redirect their businesses back home. The recently circulated online video depicting helpless Igbo traders at the Trinity spare…
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Real Estate Expert Urges Tech Integration to Address Nigeria’s Construction Challenges

Real Estate Expert Urges Tech Integration to Address Nigeria’s Construction Challenges

The Nigerian federal government was recently recommended by Femi Akintunde, the Group Managing Director of real estate solution company Alpha Mead, to use the technical innovations of the fourth industrial revolution in order to tackle the nation's multifaceted difficulties. Akintunde underlined at a discussion at the University of Lagos that the government must use technology to combat economic challenges. Akintunde emphasised that collaborating with industry could be an efficient way to address Nigeria's economic problems. He emphasised the significance of preparedness, willingness, and dedication while expressing hope about improving the nation's economic prospects. In spite of obstacles including poor infrastructure…
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Federal Government Launches Nationwide Robotics Competition to Foster AI Education

Federal Government Launches Nationwide Robotics Competition to Foster AI Education

To foster scientific brilliance and expand access to Artificial Intelligence (AI) education, the federal government launched the student robotics competition for 2023–2024. Speaking at the workshop's opening in Abuja, Education Minister Tahir Mamman praised instructors and mentors for their commitment to developing the next generation of creators and programmers. Mr. Mammam stressed the need of including robotics education in the curriculum, saying that it gives kids the tools they need to succeed in an increasingly digital world in addition to enhancing their academic experience. He acknowledged the critical role that mentors, educators, principals, and organisers play in increasing the use…
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Wema Bank ALAT Set Record Breaking Precedent in 2023 performance.

Wema Bank ALAT Set Record Breaking Precedent in 2023 performance.

Wema Bank, Nigeria’s foremost innovative financial institution and pioneer of Africa’s first fully digital bank, ALAT, set a record-breaking precedent in 2023, with a tremendous upsurge in its 2023 corporate performance as seen in the bank’s 2023 Q3 performance results. In a yearly analysis that captured financials for the first three[3] quarters of 2023, Wema Bank recorded a 130% increase in Profit Before Tax [PBT] and 61% increase in gross earnings, achieving Gross Earnings of ₦150.90bn in Q3 2023, compared to Q3 2022’s ₦93.86bn. The pioneering bank’s Profit Before Tax (PBT) unprecedentedly stood at ₦21.76bn, an astounding 130% increase from…
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