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Alex George

SEC, ICPC to tackle fraudulent activities in capital market

The Securities and Exchange Commission (SEC), and the Independent Corrupt Practices and other Related Offences Commission (ICPC), have reached an agreement to collaborate in the fight against fraud and other related offences in the Nigerian capital market. This agreement was reached when the SEC management met with the ICPC team in Abuja, yesterday. Acting Director-General of […]

How Bones Inspired a New Way to Harness Renewable Energy

With renewables set to play a key role in achieving EU greenhouse gas emission targets in the coming years, scientists are constantly on the lookout for ways of generating energy that isn’t as intermittent as solar or wind. Turning to our seas and oceans is one way of doing so, with tidal, hydroelectric and osmotic energy […]

Why India is the new hotspot for renewable energy investors

India is home to one of the largest clean-energy expansion programmes. Support from the government and foreign investors is driving this growth. There is still more the state can do to support this transition, however. As the world comes to terms with the enormity of the threat posed by climate change, India’s emergence as home […]

Experts explain hackers’ focus on banks in Nigeria, sub-Saharan Africa

Following report by Kaspersky that security researchers have spotted thousands of notifications of attacks on major banks located in the sub-Saharan Africa (SSA) region, some Nigerian experts have explained the attractiveness of the region to hackers. Kaspersky had informed that the malware used in the attacks indicated that the threat actors are most likely to be […]

The UK in Africa: facts and figures

As political and business leaders gather in London on 20th January to discuss the next steps in relations between the continent and the UK, here are the facts and figures underpinning the relationship The UK’s Foreign Direct Investment in Africa stood at approximately £39bn in 2018. By 2022, CDC the UK’s Development Finance Institution, aims […]

Delta earns $1.6 billion profit, 30% rise in income

Delta Air Lines yesterday posted a profit of $1.6 billion following a successful year that earned 30 per cent more in income. The groups’ total revenue increased to a record $47 billion, up 7.5 per cent when prior-year period is adjusted for third-party refinery sales and the sale of DAL Global Services (DGS). Total expense […]

NESG urges Nigeria to maximise AfCFTA opportunities

Latest technical report by Nigerian Economic Summit Group (NESG), has revealed that the African Continental Free Trade Area (AfCFTA), may lead to one of two outcomes; a win-win outcome for all African countries, or a zero-sum game in which the gain of one country becomes the loss of another and vice versa. NESG in its, […]

Smartphone users spend $120 billion on mobile apps in 2019

Smartphone users spent $120 billion on mobile apps, as 204 billion apps were downloaded in 2019, setting a record higher than that of 2018, the annual State of Mobile report has shown. The annual report, “State of Mobile” by App Annie disclosed that the number of mobile apps downloaded climbed 6% to hit 204 billion when compared to 2018, while it […]

Nigeria’s rice import declines by 3.7MMT, says NEPC

Nigeria’s import of foreign rice must have declined by 3.7 million metric tonnes, the Nigeria Export Promotion Council has said. The Chief Executive Officer of  NEPC, Mr Segun Awolowo, said in Jos, Plateau State, on Wednesday that with Nigeria’s rice production put at 4.9MMT, dependence of the country on foreign rice must have declined from […]

FG implements Finance Act, charges 7.5% VAT on transactions Published January 16, 2020

The Federal Government has begun the implementation of some aspects of the Finance Act with the imposition of 7.5 per cent Value Added Tax on government transactions. The Accountant-General of the Federation, Alhaji Ahmed Idris, confirmed the development in an interview with journalists on Wednesday in Abuja. The move followed the signing of the finance […]

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