Business Archives - Page 41 of 46

Dec

04

2022

Navy accuses NNPC of exaggerating figures, not being sincere about oil theft

Business, Economy, Metro, News, OpinionCrime, Economy, Metro, Nigeria, NNPP, Opinion, Security

The Nigerian Navy has accused the Nigerian National Petroleum Corporation Limited of not revealing the actual cause(s) of crude oil theft in the country, but reeling out exaggerated figures to save its face. This disclosure was made to the Senate Committee on Economic and Financial Crimes by the Navy Chief of Training and Operations, Rear Admiral Solomon Agada, during an interactive briefing of the relevant agencies implementing the Proceeds of Crime (Recovery and Management) Act, 2022 at the National Assembly. Our correspondent exclusively observed the proceedings. Agada revealed that at several interactions with the NNPC, the Navy had explained the…

Dec

03

2022

By Amos Oge Kalu

Osinbajo inaugurates Omeife, Africa’s first humanoid

Business, Economy, Lifestyle, NewsArtificial Intelligence, Economy, Lifestyle, Nigeria, Omeife

Vice-President Yemi Osinbajo, on Friday in Abuja, inaugurated Omeife, Africa’s first humanoid to boost Artificial Intelligence (AI) and technological development in Nigeria and the continent. Osinbajo was represented by the Minister of Communications and Digital Economy, Prof. Isa Pantami, who in turn was represented by the Director-General, of the National Information Technology Development Agency (NITDA) Kashifu Inuwa. The News Agency of Nigeria (NAN) reports that Omeife, the first African humanoid robot was developed by the Uniccon Group. Omrife is with near-human resemblance, language competency, movement, navigation, and behavioral intelligence using AI and computer vision capabilities. “We are living in an…

Nov

25

2022

By Amos Oge Kalu

AEDC announces fresh blackout in Abuja

Business, Economy, Lifestyle, MetroAbuja, AEDC, Business, Economy, Lifestyle, Metro, Nigeria

Abuja Electricity Distribution Company (AEDC), has announced that there will be power interruption in some parts of the Federal Capital Territory (FCT) starting from Friday, 25th to Saturday, 26th of November 2022. AEDC, in a public notice signed by its management, noted that the interruption would enable the Transmission Company of Nigeria (TCN) to carry out maintenance exercises at Suleja – Katampe 132kv transmission line from 7 am to 6 pm daily. According to the company, the affected areas are Dawaki Village, Dawaki Extension, Sokale Village, part of Dutse, part of Kubwa, and the environs. The company, however, assured that…

Nov

23

2022

By Amos Oge Kalu

See redesigned naira notes FG unveiled to general public

Business, Economy, Metro, PoliticsEconomy, Lifestyle, Metro, Nigeria, Politics

The Federal Government has unveiled the redesigned naira notes to the public. It was unveiled at the Federal Executive Council meeting presided over by President Muhammadu Buhari a few minutes ago. The Governor of the Central Bank of Nigeria, Godwin Emefiele warned Nigerians against hoarding of the old notes, saying there is no going back on the January 31st 2023 deadline to completely render the old notes useless. The redesigned notes are in denomination of N1000, N500 and N200.

Nov

17

2022

By Amos Oge Kalu

NBS reveals that 133 million Nigerians are poor

Business, Economy, Lifestyle, Metro, OpinionEconomy, Lifestyle, Metro, Next Level, Nigeria, Opinion

The National Bureau of Statistics, NBS, has disclosed that 133 million Nigerians are multidimensionally poor. In its latest National Multidimensional Poverty Index Report launched on Thursday, the NBS said that 63 percent of Nigerians are poor due to a lack of access to health, education, and living standards, alongside unemployment and shocks. The MPI offers a multivariate form of poverty assessment, identifying deprivations across health, education, living standards, work, and shocks. According to the Statistician-General at the NBS, Semiu Adeniran, it is the first time they will conduct a standard multidimensional poverty survey in Nigeria. How We Juggled Schooling With…