How MTN’s financial woes highlight challenges of doing business in Nigeria by Elvis Eromosele - ITREALMS

Commentary@ITREALMS ... making leadership SENSE with digital news!

Doing business in Nigeria is tough. While we say this all the time, nothing makes it more real than the release of annual financial reports. Take MTN Nigeria’s latest report, it shows the bruising realities faced by businesses in the country today.

Take a look at the numbers. MTN Nigeria generated a staggering ₦3. 36 trillion in revenue in the year ended December 31, 2024, up 36.03 per cent from N2.47 trillion in 2023. Yet, it is regarded as a bad year, because it reported a loss of N400.4 billion after tax for the financial year. This was due to a net foreign exchange loss of N925.36 billion from ₦740.43 billion in 2023.

Fagbemi, Kwara Governor, EU-RoLAC highlight gaps in judicial system - ITREALMS

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The Minister of Justice and attorney general of the federation, Mr Lateef Fagbemi (SAN), Governor of Kwara State, Mallam Abdulrahman Abdulrazaq and other stakeholders have highlighted the necessity of embarking on reforms in the nation's judicial system.

Fagbemi and Governor Abdulrazaq made these statements on Tuesday at the commencement of the conference of the Network of Justice Sector Reform Teams (JSRTs) in Ilorin, Kwara State organised by the Ministry of Justice with the assistance of the European Union-funded Rule of Law and Anti-Corruption (RoLAC II) Programme of the International IDEA.

ETSI webinar highlights outcomes of AI conference - ITREALMS

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The Artificial Intelligence/Machine Learning (AI/ML) technologies are enabling disruptive new applications across a wide range of digital products and services.

ETSI recently ran a conference dedicated to Artificial Intelligence (AI) where participants reviewed the current status of AI developments worldwide.

The conference explored the role of standardization in ETSI and other SDOs to support the development of a robust market for safe, lawful AI applications and services within the framework of European policy making.

Held at ETSI’s Sophia Antipolis headquarters from 5-7 February, the ETSI AI Conference welcomed close to 200 participants from 25+ countries, with featured speakers including AI experts from government agencies, standards bodies, academia and industry.

Former DG charges media to highlight dangers of drug abuse on youths - ITREALMS

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Former Director General and member of the Presidential Advisory Committee on Eradication of Drug Abuse, Otunba Lanre Ipinmisho, has enjoined the media to give more publicity to the dangers posed youth's involvements in drug abuse, reports ITREALMS.

Otunba Ipinmisho also charged everyone to face the reality and create more awareness posed by illicit drug abuse among youths.