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As the world went into pandemic lockdown in 2020, consumers shifted their spending habits to embrace contactless tap-and-go payments and online shopping. As stores closed and social distancing took hold, retailers worldwide moved their businesses online, embraced e-commerce and explored the potential of new ways to pay.
More than a year later, research from Mastercard shows that the adoption of new payment technologies is rising, and consumer appetite for new, fast and flexible digital experiences continues to grow. The Mastercard New Payments Index shows 96 per cent of Nigerian consumers will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in the next year… More details through: https://guardian.ng/business-services/96-of-consumers-in-nigeria-consider-wearables-biometrics-in-payment-patterns/
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The Lagos State Commissioner for Agriculture, Ms Bisola Olusanya, has on Thursday said about $48.78 million (N20 billion) has been spent on Imota Rice Mill in Ikorodu, which is at 85 per cent completion level.
She also said 250,000 jobs would be created with the 32-metric tons per hour rice mill slated for commissioning this year. Olusanya, at a ministerial press briefing to mark the second anniversary of Governor Babajide Sanwo-Olu’s administration, said Imota will produce its own brand of Eko rice… More details through: https://dailytrust.com/lagos-spends-n20bn-on-rice-mill The federal government has said it expects to raise about $250 million from the private sector to float it proposed national carrier, which is now at the stage of procurement phase.
This was disclosed by the Ministry of Aviation in a publication titled, ‘Status of the Road Map/PPP Projects’ and made available to THISDAY. The publication stated that the next steps would involve the commencement of procurement phase by placing adverts for request for qualification in the national dailies and foreign media… More details through: https://www.thisdaylive.com/index.php/2021/05/07/fg-to-raise-250m-for-national-carrier/ Nigerian fintech startup, Paystack, launched in South Africa on Thursday. The payment solution company, which operates in Nigeria and Ghana, is expanding its tentacles to the southern part of Africa.
Product Marketer, Paystack, Abdulrahman Jogbojogbo, while speaking with Techcrunch, said, “The opportunity for innovation in the South African payment space is far from saturated. Today, for instance, digital payments make up less than half of all transactions in the country, “So, the presence of competition is not only welcome; it’s encouraged. The more innovative plays there are, the faster it’ll be to realize our goal of having an integrated African market… More details through: https://punchng.com/paystack-expands-to-south-africa-2/ The Federal Government has called for more investment from the Organised Private Sector (OPS) to invest in Bitumen extraction in order to meet local demand and increase the nation’s volume of export.
The Minister of Science and Technology, Dr. Ogbonnaya Onu made the call while formally declaring open the 10th International Conference Series of the Nigerian Building and Road Research Institute (NBBRI) in Abuja with the theme: “Circular Economy in the Built Environment for Enhanced Performance of the Nigerian Construction Industry”. According to him, Nigeria has estimated 42bn barrels of Bitumen reserves, and that a whopping 43 industrial chemicals including heavy crude petroleum can be obtained from bitumen… More details through: https://dailytrust.com/fg-seeks-private-sector-investment-in-bitumen-extraction Nigeria inched towards the deployment of 5G communications technology on Wednesday as the Nigerian Communications Commission and Nigerian Communications Satellite Limited signed a Memorandum of Understanding for the use of C-Band spectrum on Nigerian communications satellite for 5G services.
The C-Band spectrum is expected to play a critical role in helping the nation achieve enhanced broadband and ultra-reliable latency communication. Chairman, Board of Commissioners, at NCC, Prof. Adeolu Akande, said at the event in recent times, several administrations had begun to license spectrum for commercial deployment of 5G… More details through: https://punchng.com/nigeria-nears-5g-deployment-as-ncc-nigcomsat-sign-mou/ The Nigerian Electricity Regulatory Commission (NERC) has approved $1.844 billion (N756.74 billion) Capital Expenditure (CAPEX) for the 11 Distribution Companies (DisCos) for the next five years in their Performance Improvement Plan (PIP). The projected investment directives were requested for by the DisCos in 2020 through an extraordinary tariff review application.
According to the orders signed by the chairman, Sanusi Garba and the Commissioner, Legal, Licencing and Compliance, Dafe Akpeneye on April 29, 2021, the approved PIP is expected to start by July 1, 2021 and end by June 30, 2026… More details through: https://dailytrust.com/nerc-approves-n756bn-investments-for-11-power-firms Despite various measures to encourage its local production, a total of N116.5 billion ($247.91 million) fertiliser was imported into the country in the last one year. The import was increased by $37.71 million in 2019 to $247.91 million or 84.4 per cent in 2020.
The Federal Government had planned to save $1.2 billion annually when it was discovered that the country’s plants had the capacity to produce over four million tonnes Nitrogen, Phosphorus and Po tassium (NPK ) fertiliser annually, while highest quantity being utilised by farmers was 1.5 million tonnes. However, only N164 billion ($350 million) had been saved from payments on subsidy and import substitution through the implementation of the Presidential Fertiliser Initiative (PFI)… More details through: https://www.newtelegraphng.com/fertiliser-import-surges-to-n116-5bn-despite-fgs-measures/ The federal government and Microsoft Corporation on Monday announced a partnership that will benefit about five million Nigerians from a digital upskilling programme in three years.
The partnership anchored on connectivity, skilling and digital transformation followed discussions between both parties led by Vice President Yemi Osinbajo and Microsoft President Brad Smith earlier in the year. Under the programme, locations in each of the six geopolitical zones in Nigeria will also enjoy active internet connection and cloud services courtesy of this digital transformation plan… More details through: https://dailytrust.com/fg-microsoft-to-equip-5m-nigerians-with-digital-skills United Arab Emirates (UAE)-based Trina Solar, a global PV and smart energy total solution provider, has signed a distributor agreement with Solar Power Etal to supply Trina Solar’s products and solutions in Nigeria. The new development comes as part of Trina Solar’s commitment to further increases its footprint and presence in the Middle East and Africa…
More details through: https://businessday.ng/energy/article/uae-based-solar-panel-manufacturer-expands-operation-in-nigeria/ |
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