Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

News

Zakaria @ Airtel Night of Influence Urges Nigerian Leaders to Invest in Future

Published

on

(L-r): HRH, Amara III of Amumara, Eze Ositadinma Beneth Nwokocha, chairman Ezinihitte Council of Traditional Rulers, Godfrey Efeurhobo, Airtel’s regional operations director, South Region, Dr. Uche Ejiogu, commissioner of Education, Imo State and Chinda Manjor, CSR manager, Airtel, during the unveiling of plaque at the commissioning of Airtel adopted Community Primary School, Amumara, Ezinihitte, LGA, Imo State recently.
Kindly share this post

Dr. Fareed Zakaria, renowned journalist, internationally acclaimed author and host of popular, Fareed Zakaria’s GPS on CNN has urged Nigerian leaders to take charge of the country’s future by investing heavily in the education sector in order to provide quality foundation for Nigerian children.

Zakaria who spoke at the 2012 Airtel Night of Influence under the theme, Africa’s Political Economy: The Challenge of Leadership at the Airtel Night of Influence, observed that a focused investment in human capital development and building strong institutions to safe-guard society from human failings are important requirements for lifting developing nations out of the lowest levels of economic growth.

Airtel Night of Influence 2012 was a high profile gathering of Nigeria’s best and brightest, including former President Olusegun Obasanjo.

The cerebral TV anchorman also advised that rather than “subsidizing the present or buying votes, leaders should invest in education, invest in Infrastructure, invest in healthcare and invest in the future.”

Citing Taiwan and South Korea, he further observed that although these countries do not have natural resources, they have emerged strong economies with impressive GDP growth rates because of their efforts in developing human capital and building strong institutions.
 
He also noted that the United States of America currently exports human capital in Liquefied Natural Gas and other areas because the country had invested in research, training and development in those areas.

Said he:  “There is so much human talent in Africa and in Nigeria. These talents need to be unlocked through education. It is an irony that countries experiencing high GDP growth are countries without natural resources. Look at Taiwan. What they have is typhoon… they do not have any natural resources; yet, they have managed to emerge as one of the countries with the highest GDP growth rate.”

In his remarks President Olusegun Obasanjo, former President of the Federal Republic of Nigeria, commended Dr. Zakaria for his courage and insightful presentation and affirmed his belief in a bright future for Nigeria.

“I must say I am an incurable optimist and I can see that the future of our country is bright. And if we do what we have to do, that future is near,” said former president Obasanjo

Speaking earlier, Dr. Oba Otudeko, chairman, Airtel Networks Limited,  in his opening remarks, restated Airtel’s commitment to providing world class telecommunications services to Nigerians.

“Airtel Nigeria means business and is challenging strongly for leadership in the industry. And I dare say we are demonstrating our commitment by the major initiatives we are embarking on in network coverage expansion, capacity enhancement and quality improvement.

 “We have a network that currently has capacity for double the subscriber base. With over $1.5 billion dollars invested over the past two years, it is only a matter of time before we assume our rightful place in the Nigerian telecoms industry. Don’t forget we were first to commence commercial operations on August 5, 2001!  I am proud to say that we do not only have some of the most highly motivated employees in the industry, we also have the largest and the biggest 3.75G network in Nigeria.”

The Airtel Night of Influence was held at the Eko Hotel & Suites. It attracted high profile guests including the Oba of Lagos, Oba Rilwan  Akiolu; former World Bank Vice President, Ms. Oby Ezekwesili; House of Representatives Member, Abike Dabiri-Erewa and Pat Utomi, among several guests.


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

News

CAC Flags Three Companies, Warns Nigerians

Published

on

Kindly share this post

Corporate Affairs Commission (CAC) has warned Nigerians against transacting with three fake Nigerian firms, citing fraudulent incorporation documents and registration numbers not issued by the commission.

CAC Flags Three Companies, Warns Nigerians

According to the CAC, these companies are using fake certificates of incorporation with two different RC numbers each, none of which exist in the commission’s official records.

The affected companies are SPEF Cooperative Society Ltd with RC Numbers 1265884 and 512862, UPIL Staff Cooperative Society Ltd with RC Numbers 1265837 and 553220, and PREM Staff Cooperative Society Ltd with RC Numbers 1265844 and 545901.

The CAC warns that any Nigerian conducting business with these entities does so at their own risk.

“Anyone that transacts any business with the above-mentioned companies does so at their own risk,” the commission warned.

The commission further advised potential partners and investors to verify registration details directly through its official portal before signing contracts or making payments.

Similarly, the CAC, in a bid to enhance its services, introduced an AI-powered business registration platform on July 3, designed to streamline incorporations.

This new system offers instant name reservations, automated business-name suggestions, and same-day registration using a National Identification Number (NIN).

Additionally, the commission plans to review its service fees starting August 1, aiming to make its services more efficient and cost-effective.

 

 

 

 

 

 


Kindly share this post
Continue Reading

News

AfDB to Introduce Systems Reforms to Prioritize Investing in Africa’s Youth

Published

on

Kindly share this post

The African Development Bank, in partnership with the International Labour Organization, has launched a transformative system to mainstream youth employment, skills development, and entrepreneurship across its investments.

The approach, called the Youth, Jobs and Skills Marker System, is aligned with the Bank’s latest Ten-Year Strategy, which places Africa’s young people at the center of development efforts to maximize the impact of every dollar invested, turning demographics into a dividend.

The Marker System ensures that Bank projects spanning diverse sectors, such as agriculture, transport, energy, water, and education, systematically incorporate components that enhance youth employability, foster entrepreneurship, and build market-relevant skills.

“The Youth, Jobs and Skills Marker System is about ensuring Africa’s young people have a real say and active role in building sustainable economies and creating jobs – not as passive recipients of youth programs,” said Dr. Beth Dunford, the Bank’s Vice President for Agriculture, Human and Social Development. “This transformation of Bank practices and systems is a step toward making sure our investments have a positive impact on Africa’s young women and men.”

The integrated system has three focus areas:

Youth: Supporting youth-led micro, small, and medium-sized enterprises through targeted investments and operational integration.

Skills: Expanding access to practical, market-driven training and apprenticeships to enhance career prospects.

 Jobs: Ensuring Bank-funded projects create sustainable job opportunities, particularly by developing youth skills for employability and the promotion of youth-led businesses in priority value chains.

Each year, around 10 to 12 million young Africans enter the labor market, which offers only three million formal jobs annually. The Bank will prioritize youth entrepreneurship and mobilize private sector partnerships to strengthen industry-oriented skills training as well as job creation over the coming decade.

“[This initiative] is very important because it allows us to significantly contribute to the United Nations Sustainable Development Goal #8 that includes decent work for all,” said Peter van Rooij, Director of Multilateral Partnerships and Development Cooperation at the International Labour Organization. “It also allows the International Labour Organization to influence the Bank’s work, to support their lending that is more geared toward more job creation and better jobs in a sustainable way.”

The Youth, Jobs and Skills Marker System is modeled on the success of the Bank’s Gender Marker System and its online dashboard, which categorize Bank projects based on their contribution to gender equality and women’s empowerment.

Similarly, the new system will feature an online platform enabling Bank staff and consultants to access real-time data for preparing country strategy papers, mid-term reviews, annual reports, project supervision, and reporting on youth-related skills, businesses and jobs outcomes.

The Bank has just launched a pilot version of the Youth, Jobs and Skills Marker System in readiness for the full implementation in 2026. This system will enhance data tracking, improve estimates of youth skills attainment and employment, strengthen labor market information systems, and support policymakers in making evidence-based decisions that drive meaningful change.

The International Labour Organization provided technical support for the system’s development with financial support from the Bank’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund. The Youth, Jobs and Skills Marker System is the first deliberate action of its kind developed by a development finance institution worldwide.


Kindly share this post
Continue Reading

News

SEC Probes Ponzi Scheme Linked to FF Tiffany

Published

on

Kindly share this post

The Securities and Exchange Commission has revealed plans to commence investigation into the activities of an entity operating under FF Tiffany, allegedly running a fraudulent investment scheme that has defrauded citizens.

A statement by the SEC on Tuesday in Abuja said preliminary information revealed that the scheme, which promised investors unusually high and unrealistic returns, had resulted in the loss of several billions of naira.

The SEC said it viewed the activity as a threat to investor confidence and the overall integrity of the financial system.

The commission assured the public that it was working closely with law enforcement agencies and other relevant bodies to bring everyone involved in the unlawful operation to justice.

According to SEC, those found culpable will be prosecuted in accordance with the Investment and Securities Act and regulatory provisions.

SEC reiterated its earlier warnings to the general public to desist from engaging in Ponzi or unregistered investment schemes that promised guaranteed or exaggerated returns.

“These schemes are not registered with the SEC and do not offer investor protection under the law.

“The commission is currently investigating 79 schemes and will make a statement on its findings at the conclusion of the investigation,” the SEC said.

The commission encouraged investors to conduct due diligence and verify the registration status of any investment firm or product by visiting the SEC website or contacting the commission directly through official channels.

SEC said it remained committed to its mandate of protecting investors, ensuring fair practices, and maintaining confidence in Nigeria’s capital market.

 


Kindly share this post
Continue Reading

Trending