January 21, 2025 – Lagos, Nigeria Eko Electricity Distribution Company (Eko DisCo), Nigeria’s second-largest electricity distributor, has entered into a landmark deal, selling a 60% equity stake to Transgrid Enerco Limited. The agreement was formalized today, with the transaction expected to be completed by April 2025. Transgrid Enerco is […]
Mark Zuckerberg, CEO of Meta, has made a bold statement about the future of software engineering, stating that artificial intelligence (AI) will replace mid-level software engineers at his company this year, 2025. In a recent interview on the Joe Rogan Experience podcast, Zuckerberg revealed that Meta is developing an AI […]
Ahmad Farroukh, CEO of Nigeria’s indigenous telecom giant Globacom, has resigned just one month into his tenure, due to what insiders describe as challenges within the company’s organizational structure. Farroukh, a seasoned executive with experience at MTN and Smile Communications, was appointed in October 2024 to lead Globacom’s overhaul efforts […]
Ahmad Farroukh, appointed CEO of Nigerian telecom giant Globacom in October 2024, has resigned after only one month in the role, sources familiar with the situation confirmed. While Globacom has yet to release an official statement or notify employees internally, insiders attribute the sudden departure to unresolved challenges within the […]
President Donald Trump wasted no time enacting a series of executive actions shortly after being sworn in for his second term. Within hours of returning to the White House, Trump signed orders reversing many of President Joe Biden’s policies, marking a sharp shift in U.S. governance. Key Actions and Executive […]
The Nigerian Communications Commission (NCC) has approved a tariff increase of up to 50% for telecommunications operators in Nigeria. The adjustment comes in response to rising operational costs and evolving market conditions, marking the first tariff review since 2013. The decision, made under the powers granted to the NCC by […]
The Federal Government expresses satisfaction in the selection of the new Alaafin of Oyo, His Royal Majesty, Oba Abimbola Owoade and commends the Executive Governor of Oyo State, Seyi Makinde for upholding the pattern of culture and tradition in the selection process. Executive Secretary/CEO of the National Institute for Cultural […]
The National Information Technology Development Agency (NITDA) and the African Union Development Agency-New Partnership for Africa’s Development (AUDA-NEPAD) are exploring a strategic partnership to leverage modern technology for Nigeria’s digital empowerment and inclusive economic growth. Malam Kashifu Inuwa Abdullahi, Director-General of NITDA, highlighted the potential of technology to revolutionize […]
The Central Bank of Nigeria (CBN) has imposed fines totaling N1.35 billion on nine commercial banks, including First Bank, Union Bank, and seven others, for failing to ensure cash availability via Automated Teller Machines (ATMs) during the festive season. Each of the affected banks which includes: Fidelity Bank Plc, First […]
As part of initiatives to boost the efficiency and productivity of civil servants, enabling them to navigate the digital landscape with ease, the Federal Government of Nigeria has launched a digital literacy training program aimed at equipping federal civil servants with essential skills to effectively utilize digital technologies. The program […]
