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Business

Beta Glass Reports Revenue of N149.1bn in Audited Results for 2025

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ICT

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Capital Market

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Insurance

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Leadway Assurance to Champion Climate Risk Solutions at Africa Climate Insurance Symposium in Germany

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Leadway Strengthens Commitment to Healthcare Advancement with Support for 2026 AMSA Medical Education Conference

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Mutual Benefits Strengthens Customer Confidence with ₦4.2bn February Claims Payout

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Leadway Spotlights Women Making Waves Through Hersurred Initiative

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Business

Beta Glass Reports Revenue of N149.1bn in Audited Results for 2025

Beta Glass Plc, the leading glass container manufacturer in...

BUA Foods Posts ₦1.77tn Revenue, Signals Confidence with ₦28 Dividend as Payout Jumps 115%

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Insurance

NAICOM, Stakeholders Applaud Daily Economy, Author at Insurance Book Launch

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ITU Unveils Global Platform for Smart Cities

The International Telecommunications Union [ITU] has launched the first World Smart City online community was launched to assist city stakeholders in their efforts to develop Smart Sustainable Cities.

The new community aims to identify the top ‘pain points’ presenting challenges to city development.

The community launch is part of the build-up to the first World Smart City Forum, organised by IEC in partnership with ISO and ITU. The Forum will be held in Singapore on July 13, 2016, co-located with the World Cities Summit.

“The development of Smart Sustainable Cities has become a key policy point to administrations around the world as well as to UN organisations,” said ITU Secretary-General, Houlin Zhao.

“The recognition of the potential of smart cities comes in parallel with recognition that building smartness into an existing city, or developing a smart city from the ground up, is a complex undertaking, calling for improved cooperation and more integrated decision-making by a variety of city stakeholders and global standards bodies, such as ITU, IEC and ISO.”

By year 2050, an estimated 66 per cent of the world’s population will live in urban areas. City leaders face a major challenge in the need to supply these populations with basic resources, such as safe food, clean water and sufficient energy, while ensuring overall economic, social and environmental sustainability. Cities need to achieve substantial improvements in the efficiency with which they operate and use their resources.

Frans Vreeswijk, IEC General Secretary and CEO: “Cities are giant systems with countless subsystems. All of them depend on electricity and hardware to move people and things, collect data and exchange information. Already now, IEC work impacts all of them. More than ever before, many different organisations will need to collaborate to help make cities smarter; technology integration is a special challenge that requires partnerships and alliances. That’s what the online community and Forum is trying to achieve.”

Kevin McKinley, Acting ISO Secretary-General: “Smart cities make sense: they waste less, offer better quality of life and ensure a brighter future for the next generation. But cities face many challenges in their quest to improve. ISO Standards help cities measure and improve their performance, for example with standards for city indicators, sustainable communities and city infrastructures. These Standards provide best practices and harmonised solutions that can be used everywhere, and allow city planners and decision-makers to benefit from global expertise.”

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N1tr Fine: NCC Issues November 16 Deadline to MTN

The Nigerian Communications Commission (NCC) says it has issued a November 16, 2015 deadline to MTN Nigeria to pay the N1 trillion penalty it imposed on the mobile operator for failing to disconnect 5.2 million unregistered SIM cards on its network. Mr. Tony Ojobo, Director, Public Affairs of NCC told the AFP: “The deadline set for the payment of the fine is November 16.” “The key issue is if MTN breached the law or not. Certainly, there was a breach. And if there is a breach, we will apply the law.”

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