From Africa to the world: Konn3ct officially enters global video-conferencing market

From Africa to the world: Konn3ct officially enters global video-conferencing market

From Africa to the world: Konn3ct officially enters global video-conferencing market   Amidst rising adoption of video-conferencing solutions to by-pass obstacles of Coronavirus pandemic and facilitate seamless e-conferencing, Konn3ct, the first of such solutions coming from Africa has been officially launched by a Nigerian tech company, Newwaves Ecosystem. The official unveiling of Konn3ct took place on Wednesday after months of pilot deployment and usage by corporate, religious, business and non-governmental organizations (NGOs) during which its features were perfected to compete favourably in the global space with early brands. The launch…

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International flight resumes with Ethiopian Airlines in Kano

International flight resumes with Ethiopian Airlines in Kano

International flight resumes with Ethiopian Airlines in Kano     The first international flight has arrived at the Aminu Kano International Airport on Tuesday since it was closed last year due to the covid-19 pandemic. The international flight commenced with Ethiopia Airlines which landed at the airport on Tuesday at 1.30 pm and departed with over 100 passengers at exactly 3.00 pm. Report showed on Tuesday that arrangements were on top gears for the resumption which was scheduled for Monday 5th April and rescheduled to Tuesday 6th due to the…

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2021: IMF forecasts higher GDP growth for Nigeria at 2.5%

MF forecasts higher GDP growth for Nigeria at 2.5%

2021: IMF forecasts higher GDP growth for Nigeria at 2.5%     The International Monetary Fund (IMF) has projected growth of 2.5 percent for Nigeria this year indicating an increase from the one per cent it had predicted for the country in January. The IMF in its latest World Economic Outlook titled: “Managing Divergent Recoveries,” also projected a 2.3 per cent economic growth for the country in 2022.  The Fund also anticipated a growth rate of 3.4 per cent for Africa this year, higher than the 0.2 per cent in…

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Investors lose N87bn as NSE resumes from Easter holidays

Investors lose N87bn as NSE resumes from Easter holidays

Investors lose N87bn as NSE resumes from Easter holidays   By Olamide Onabanjo with Agency Report   The Nigerian stock market resumed after the Easter public holidays on Tuesday with a loss of 0.39 per cent due to persistent bearish trend, the News Agency of Nigeria reports. Specifically, the All-Share Index lost 150.13 points or 0.39 per cent to close 38,766.61 compared with 38,916.74 achieved on Thursday. Also, the market capitalisation lost N78bn to close at N20.28tn from N20.361tn achieved before the break on Thursday. The market loss was driven…

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We’ve invested $1bn in power sector – Tony Elumelu

To the Chairman of Heirs Holdings Tony Elumelu

We’ve invested $1bn in power sector – Tony Elumelu     Tony Elumelu, Chairman of Transcorp Group and United Bank for Africa (UBA) Plc has disclosed that his companies have invested a collective sum of $1 billion in power sector. According to him, the investment was fueled by the belief of his organizations that the economic transformation of Nigeria and Africa will rest on the availability of power. The founder of the Tony Elumelu Foundation (TEF) said this on Tuesday in an address he delivered to the Anglican Church Youth…

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Oscar Onyema completes tenure as CEO of Nigerian Stock Exchange

Oscar Onyema completes tenure as CEO of Nigerian Stock Exchange

Oscar Onyema completes tenure as CEO of Nigerian Stock Exchange     Oscar Onyema has completed his tenure as the chief executive officer (CEO) of the Nigerian Stock Exchange (NSE) following the successful demutualisation of the exchange that transitioned Onyema into the Group Chief Executive Officer (GCEO) of Nigerian Exchange Group (NGX Group) Plc. In commemoration of his exemplary leadership, he was honoured with a digital Closing Gong Ceremony on Thursday, 1 April 2021, a press statement from the exchange said on Tuesday. Speaking at the Closing Gong Ceremony, the…

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