FirstBank’s Adeduntan wins Global Banking and Finance’s Retail Banking CEO Award

FirstBank’s Adeduntan wins Global Banking and Finance’s Retail Banking CEO Award

FirstBank’s Adeduntan wins Global Banking and Finance’s Retail Banking CEO Award     While the age-old saying and philosophy of virtue being its own reward (or seeing doing good as its own reward) remains a strong motivating factor in doing good persistently, it helps when virtue gets recognition from time to time. Even though anyone or organisation committed to doing good will keep doing so with or without recognition, recognitions for virtue tend to act like a shot in the arm for such people or organisations, spurring them to commit…

Read more

Just In: Elon Musk’s SpaceX finally secures licence to storm Nigeria with satellite broadband services

SpaceX finally secures licence

Elon Musk’s SpaceX finally secures licence to storm Nigeria with satellite broadband services   Existing competition in the Nigerian telecommunications sector is about to get tougher as Elon Musk secured licence for SpaceX, his satellite company to provide broadband services in the country. It is exclusively reported today that federal government of Nigeria has issued the American aerospace company a six-year operating licence to provide internet services. The permit will enable SpaceX to offer Fixed Satellite Services (FSS) in Nigerian for the company’s full constellation of 4408 satellites that will…

Read more

Hidden tricks and tools embedded in your free VPN

Hidden tricks and tools embedded in your free VPNs

Hidden tricks and tools embedded in your free VPNs   By Muyiwa Awosile Since the Federal Government of Nigeria implemented the ban on Twitter, many Nigerians have resorted to using Free Virtual Private Network (VPN) software to bypass the restrictions put in place by the Internet Service Providers in the country (ISPs) on their networks. A VPN software works by creating a secure connection between a user’s device and the internet. When you connect to the internet through a VPN software, all the data traffic from your device is sent…

Read more

We can’t arrest Twitter users in Nigeria, NCC declares

We can't arrest Twitter users in Nigeria, NCC declares

We can’t arrest Twitter users in Nigeria, NCC declares     The Nigerian Communications Commission (NCC) has said it is not within its purview or regulatory mandate to arrest and prosecute Nigerians who are using the Twitter application in the country, despite the temporary suspension by the federal government. “The NCC is a regulator. It is not within our power to arrest or prosecute. We limited ourselves based on the order given to us by the government, which was to instruct the operators to disconnect, which was what we did.…

Read more

Bismarck Rewane forecasts respite for naira at N470/$ in parallel market by July

Bismarck Rewane forecasts respite for naira at N470/$ in parallel market by July

Bismarck Rewane forecasts respite naira at N470/$ in parallel market by July     Chief Executive Officer (CEO), Financial Derivatives Company Ltd (FDC), Mr. Bismarck Rewane, has predicted that the local currency will appreciate to N490/$1 this month. As concerns mount over the continued decline in the value of naira against major currencies, he also forecast that the “parallel market rate will oscillate between N470/$ and N490/$ in July.” The FDC boss stated this in his June 2021 Lagos Business School (LBS) Executive Breakfast Session presentation, made available to Business…

Read more

Nigeria ranks low as 1bn people gained access to electricity in 10 years

Nigeria ranks low as 1bn people gained access to electricity in 10 years

Nigeria ranks low as 1bn people gained access to electricity in 10 years     Despite annual budget allocations to the power sector, the World Bank has listed Nigeria among the three countries with the largest electricity deficits in the world. It said during the last decade, over one billion people, a greater share of the global population gained access to electricity than ever before, but the number of people without electricity in Sub-Saharan Africa increased. The bank disclosed this on Monday in a report, titled ‘Universal access to sustainable…

Read more

NIPCO controls 35% Nigeria’s LPG supply market – MD

NIPCO controls 35% Nigeria’s LPG supply market – MD

NIPCO controls 35% Nigeria’s LPG supply market – MD     NIPCO supplied 35 per cent of Nigeria’s Liquefied Petroleum Gas (LPG) in 2020, as a depot operator and supplier to marketers. Managing Director of NIPCO, Suresh Kumar, disclosed this on the sidelines of the firm’s 17th Annual General Meeting (AGM) of the company. At the AGM, he explained survival strategy, which the company deployed in the year 2020, which it tagged “undoubtedly one of the most difficult years for the industry worldwide in the last few decades.” He said:…

Read more

Why businesses should prioritize employee privacy

Why businesses should prioritize employee privacy   By Andrew Bourne   Of late, there have been a lot of headlines around major technology players putting customer privacy first and making data privacy one of their core values. The business landscape is hurriedly re-orienting itself to provide the digital consumer a safe space where their data is protected round the clock. Meanwhile, there’s another important stakeholder whose privacy equally matters. Employees have just as much right to privacy in the workplace. Recent trends like remote working and hybrid models have heightened…

Read more

Bigin, Zoho’s CRM for small businesses adds 7,500+ customers within a year

Why businesses should prioritize employee privacy

Bigin, Zoho’s CRM for small businesses adds 7,500+ customers within a year     Zoho, a global technology company, has announced that Bigin, its pipeline-centric CRM for small businesses, has gained over 7500 customers in a year since its launch. Bigin is also releasing new features, including an industry-first mobile pipeline view, to help small businesses foster their customer relationships while recovering from the effects of Covid-19. According to a recent SMB Group study on how technology will shift after the pandemic, 42% of small businesses state that keeping up…

Read more

CBN increases forex allocation to banks, assures liquidity for Invisibles

CBN increases forex allocation to banks, assures liquidity for Invisibles

CBN increases forex allocation to banks, assures liquidity for Invisibles     The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers. This particularly relates to requests of travelers seeking foreign exchange for travel allowances, payment of tuition and medical fees, among other invisibles. It follows a warning issued by the CBN Governor, Mr Godwin Emefiele, at a meeting with the Managing Directors of Deposit Money Banks (DMBs). Emefiele cautioned them to desist from denying…

Read more