Author: Ifetayo Adeniyi

Sanwo-Olu has launched Africa’s first AI feature film Sanwo-Olu and people at the event Gov Babajide Sanwo-Olu of Lagos State has unveiled Africa’s first feature film on Artificial Intelligence, titled Makemation, on Sunday. Speaking at the unveiling in Marina, Sanwo-Olu said the AI film, produced by human development expert, Toyosi Akerele-Ogunsiji, will make its cinematic debut in Lagos on Friday, Apr. 18. He praised the producer and cast, assuring creatives of his willingness to collaborate on transformative ideas that project and develop the state’s creative industry. Sanwo-Olu reaffirmed the government’s commitment to investing in essential infrastructure that will enable…

U.S visa application: Consular confirms systems outage, to reschedule interviews Consular confirms systems outage, to reschedule interviews The United States Department of State has confirmed that the recent difficulties faced by Nigerians applying for US visas were caused by a partial systems outage. Also, interviews will be rescheduled for affected applicants. Jennifer Johnson, press officer at the Office of Public and Congressional Affairs, Bureau of Consular Affairs, disclosed this information. Earlier, Nigerians had complained about interviews that had been missed as part of the visa application process. Johnson responded to these concerns acknowledged that there were indeed technical issues; however…

ROGEAP, Ecobank to train SMEs in renewables ROGEAP, Ecobank to train SMEs in renewables The Regional Off-Grid Electricity Access Project, in partnership with Ecobank Nigeria, has announced a three-day Entrepreneurship Business Training Workshop for small and medium enterprises in the solar energy sector in Abuja. According to a joint statement by the partners, the training, scheduled for March 10-12 in Abuja, will empower 50 SMEs with technical, financial, and business management skills needed to succeed in the rapidly growing renewable energy industry. ROGEAP is funded by the World Bank, the Clean Technology Fund, and the Directorate General for International Cooperation…

Transcorp Group records 132% growth in profits to N136.7bn Transcorp Group records 132% growth in profits to N136.7bn Transnational Corporation Plc has recorded 132 per cent growth in Profit Before Tax, PBT to N136.7 billion in the operating year ended December 2024 from N58.8 billion in the previous year. The Company disclosed this in its audited results for the year, which showed that the surge in PBT was driven by a 107 per cent increase in revenue to N408 billion in 2024 from N197 billion in the previous year. According to the results, Profit after Tax rose 188% year-on-year to…

CBN’s efforts to leverage forex stability for single digit inflation In the first two months of this year, Nigerians witnessed steady appreciation of the Naira and convergence of the official and parallel markets exchange rates around N1,500 per dollar. The above development, which hugely contrasts with the volatility, steady depreciation of the Naira which characterised the same period of last year, resulted from a series of measures introduced by the Central Bank of Nigeria, CBN, to ensure orderliness and transparency in the forex market with the aim of boosting confidence and foreign exchange supply. These include payment of the $7…

TASUED becomes federal varsity TASUED becomes federal varsity. President Bola Tinubu has approved the adoption of Tai Solarin University of Education in Ijagun, Ogun State, as a federal university. This makes it the first federally owned tertiary institution in the Ogun East senatorial district. The announcement was made in a press release on Sunday, signed by Bayo Onanuga, Special Adviser to the President on Information and Strategy. Established by the Ogun State Government in 2005, TASUED holds the distinction of being Nigeria’s first specialised university of education. Tinubu expressed gratitude to the Ogun State Government for inviting the Federal Government…

UBA Accelerates Gender Inclusion With 58% Female Representation In Fresh GMAP Intake UBA Accelerates Gender Inclusion With 58% Female Representation In Fresh GMAP Intake. As the world celebrates International Women’s Day (IWD) 2025, Africa’s Global Bank, United Bank for Africa (UBA) continues to reinforce its unwavering commitment to gender diversity, equality, and empowerment. This year’s IWD global theme, “Accelerate Action”, aligns perfectly with UBA’s drive to champion inclusion and create meaningful opportunities for women in the workplace. On Wednesday, the bank graduated its latest cohort of 1,138 Graduate Management Accelerated Programme (GMAP) trainees, out of which 666, representing an impressive…

Wema Bank Unveils 6th Edition Of Hackaholics With Theme “Beyond Algorithms: Engineering Disruptive Innovation” …with the introduction of Accelerator Program for Startups successes. Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced the launch of Hackaholics 6.0, themed Beyond Algorithms: Engineering Disruptive Innovation, at a press conference held in Lagos. The 6th edition of Hackaholics has been expanded to integrate both hackathon and ideathon formats, creating a dynamic platform where developers, designers, business strategists, and problem solvers can collaborate to tackle real-world challenges. With a strong focus on harnessing cutting-edge technology, particularly…

Proposed Telecom Towers to Enhance Nigeria’s Lagging Pace Proposed Telecom Towers to Enhance Nigeria’s Lagging Pace. The planned construction of 7,000 telecom towers across Nigeria’s rural communities, as recently approved by the Federal Government, is a delightful development, and it’s coming at the most opportune time. This is because the project will accelerate Nigeria’s sluggish financial inclusion performance recently reported as the slowest among its African peers. Financial Inclusion Financial inclusion means bringing the unbanked, that is those who are currently not enjoying financial services — such as savings, deposit, credit, payment, pensions, insurance, remittances amongst others — into the…

Nigeria exports N75.66b electricity in Q4 2024 – NBS In the fourth quarter of 2024 (Q4 2024) Nigeria exported N75.66 billion to African countries. The National Bureau of Statistics (NBS) disclosed this in its document titled: “Foreign Trade Statistics Report (Q4 2024).” The countries Nigeria exports electricity to are Togo, Benin Republic and Republic of Niger. But the report also said in the period under review, Nigeria exported bituminous minerals worth N1.62 trillion. NBS said, “Analysis by commodities showed that the main commodities exported to African countries in the quarter under review were Petroleum oils and oils obtained from bituminous…