Interswitch Empowers 100 Youths with Software Testing Training
Interswitch, a leading digital payments and technology company, has collaborated with Financial Services Innovators (FSI) to train 100 young Nigerians in software testing. The eight-week online program, sponsored by Interswitch, equipped participants with critical software testing skills, preparing them for successful careers in the growing technology sector. "Innovation thrives when young minds are given the tools to succeed," said Muyiwa Asagba,...
Nigeria’s Foreign Exchange Inflows Slip in Q3 2024 Amidst Rising Inflation
The Central Bank of Nigeria (CBN) has released its third-quarter economic report, revealing a slight decrease in net foreign exchange inflows to $14.46 billion compared to the previous quarter. While inflows from official sources increased, autonomous sources declined, contributing to the overall decrease. The report highlighted a 2.97 percent decline in net foreign exchange inflows from $14.89 billion in the...
ATCON Urges Regulators to Address N250 Billion USSD Debt Crisis
The Association of Telecommunications Companies of Nigeria (ATCON) has called on industry regulators, including the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN), to implement clear and practical solutions to resolve the long-standing N250 billion debt owed by banks to telecom operators for Unstructured Supplementary Service Data (USSD) services. In a statement to The PUNCH, ATCON President...
Lagos State Trains Revenue Officers on LRP and Madam Shikini for Enhanced Revenue Collection
The Lagos State Government has taken a significant step towards enhancing its revenue collection efforts by training 450 revenue officers on the Lagos Revenue Portal (LRP) and its AI-powered chatbot, Madam Shikini. The training, organized by the Office of the Special Adviser on Taxation and Revenue, aimed to equip revenue officers with the necessary skills to effectively utilize these digital...
LCR Limited and Kokun Foundation Bring Festive Cheer to 500 Widows and Single Mothers in Lagos
LCR Limited, a leading real estate firm, in collaboration with the Kokun Foundation, has brought festive cheer to 500 widows and single mothers in Lagos State through the distribution of food boxes filled with essential items. This initiative, undertaken as part of the company's Yuletide activities, demonstrates its commitment to community support. A representative from LCR Limited emphasized the importance of...
PenCom to Remodel Micro Pension Scheme to Boost Participation
The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, has announced plans to remodel the micro pension scheme to enhance participation among individuals in the informal sector. Speaking at the 2024 PenCom Media Conference in Lagos, Oloworaran acknowledged that the current micro pension scheme has not resonated effectively with its target audience. "What we are doing with a...
Wellbeing Foundation Africa Launches ‘Project Oscar’ to Combat Neonatal Jaundice in Nigeria
Wellbeing Foundation Africa (WBFA), in partnership with Reckitt, a leading health company, and disability activist Oscar Anderson, has launched "Project Oscar – Light for Life" to combat neonatal jaundice in Nigeria. This initiative aims to address the significant public health challenge of neonatal jaundice, which affects a substantial number of newborns in the country. "Every child deserves a healthy start in...
NERC Transfers Regulatory Oversight of Lagos Electricity Market to State Commission
The Nigerian Electricity Regulatory Commission (NERC) has announced the transfer of regulatory oversight of the electricity market in Lagos State to the newly established Lagos State Electricity Regulatory Commission (LASERC). This decision, outlined in a statement released by NERC, aligns with the amended provisions of the Nigerian Constitution and the Electricity Act of 2023, which empowers states to assume...
NACCIMA and BOI Partner to Boost MSMEs with N75 Billion Fund
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) and the Bank of Industry (BOI) have entered into a strategic partnership to disburse a N75 billion intervention fund to support Micro, Small, and Medium Enterprises (MSMEs) across Nigeria. The MoU, signed at the BOI headquarters in Lagos, marks a significant step towards enhancing access to finance...
Toyota Nigeria Recognized as Top 50 Brand in Nigeria
Toyota Nigeria Limited has been recognized as one of the top 50 brands in Nigeria for 2024, a significant achievement attributed to the company's commitment to customer satisfaction and its strong presence in the Nigerian market. This recognition, announced by Brand Nigeria, places Toyota alongside prominent brands like Dangote Industries Limited, MTN Nigeria, and Access Bank, underscoring its significant impact...
