IBM: Identity Attack in Middle East, Africa Heightens, Straining Enterprises’ Recovery Time
IBM, a global technology company has released its 2024 X-Force Threat Intelligence Index, highlighting an emerging global identity crisis as cybercriminals double down on exploiting user identities to compromise enterprises worldwide.
According to the report, the global...
Creative Firms Suffer Setback as MTN Group Appoints M&C Saatchi Abel
CHIGOZIE AMADO
The business relationship between the MTN Group and three Nigeria’s leading creative agencies; DDB, TBWA and Yellow Brick Road will end this year, THISDAY can authoritatively confirm.
According to a statement jointly issued by...
Expert: Nigeria’s Telecoms Sector Threatened by Economic Challenges
CHIGOZIE AMADI
The Chairman, Technology Committee of the Nigerian Bar Association Section on Business Law, Ikemesit Effiong, has raised concerns about the sustainability of Nigeria’s telecoms sector amid ongoing economic challenges.
In an article titled: “The...
Nigerian Breweries Relaunches Ace Roots
Nigerian Breweries, the leading beverage company in Nigeria, has relaunched its product, Ace Roots, a low sugar drink that perfectly combines a blend of true African herbs, spices and fruits with a great kick...
Reviving the Dying Paper Industry
Stakeholders bemoan the comatose state of the Nigerian paper industry and made case for its resuscitation because of the critical role of paper in the country’s economy,
Industrialists, economists, academicians and other stakeholders that gathered...
RMAFC: N7.31tn Accrued into Federation Account in H2 2023
*Says cost of collection should be tied to performance of revenue agencies
Chigozie Amadi
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), yesterday disclosed that over N7.31 trillion accrued into the federation account in the second...
Umar-Sadiq: NSIA Operations Stimulated Economy, Created 445,000 Jobs Across Sectors
Chigozie Amadi
Managing Director/Chief Executive, Nigeria Sovereign Investment Authority (NSIA), Mr. Aminu Umar-Sadiq, yesterday disclosed that its operations and investments have generated positive social and economic impacts and contributed towards the attainment of key Sustainable...
Fidelity Bank Reports N124.26bn Profit, Declares N0.60 Final Dividend
Fidelity Bank Plc, has released its 2023 full year Audited Financial Statements, reporting a 131.5 per cent growth in Profit Before Tax to N124.26 billion from N53.7 billion reported in 2022.
According to the results,...
Monetary Tightening Amid Rise in Food Prices
The Central Bank of Nigeria (CBN) has doubled down on its monetary tightening regime by raising the benchmark interest rate for the second time in a row under the new management led by Mr....
As CBN Continues to Intervene in FX Market, Reserves Decline to Seven-year Low of...
In the span of three weeks, the Central Bank of Nigeria (CBN) has initiated interventions in the foreign exchange market to stabilise the naira, resulting in Nigeria’s foreign reserves plummeting to a seven-year low...