Google, Meta, And Amazon Generate Over 60% Of Global Digital Advertising Revenue

Last year alone, brands and marketers spent almost $680 billion on digital advertising, or $65 billion more than the year before that. Most of that value was paid to one of the three largest players in the digital advertising landscape: Google, Meta, and Amazon. According to data presented by Stocklytics.com, Google, Meta, and Amazon generated more than 60% of global digital advertising revenue in 2023. Amazon’s Revenue Share Doubled in Five Years, Google’s Dropped by 2% Brands and marketers spend hundreds of billions of dollars on digital advertising each year,…

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NLC Strike Action: TCN Debunks News Of Blackout, Says National Grid ‘Intact’

The Transmission Company of Nigeria (TCN) has debunked reports of imminent national blackout following the ongoing nationwide labour strike, describing the report as false and totally misleading. In a statement on Tuesday, the TCN also described the report credited to its Head of Public Affairs as “mischievous and baseless,” pointing out that the TCN through the Public Affairs Head, did not issue such statement. False Publication By Daily Post On National Blackout The Transmission Company of Nigeria hereby states that the publication by Daily Post alleging that the Head of…

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Emene, GRA, Others Affected As EEDC Announces Power Outage In Enugu

By Tony Adibe Enugu Electricity Distribution PLC (EEDC) has announced a planned power outage by the Transmission Company of Nigeria (TCN) scheduled to take place on November 4, 2023. This was disclosed by Emeka Ezeh, Head Corporate Communications, EEDC in a statement on Friday. He said the outage is to enable the TCN engineers carry out maintenance on their T1A 150MVA Power Transformer at their New Haven Station, Enugu. According to him, “This exercise will affect our Kingsway Line 1&2 33KV, New Haven 33KV, Government House 33KV, Independence Layout 33KV,…

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Security: Minister, CAS In Turkey To Facilitate Delivery Of Helicopters

By NewsBits The Minister of Defence, Mohammed Abubakar and the Chief of Air Staff, Air Marshal Hasan Abubakar, are currently in Turkey to facilitate the speedy delivery of the T-129 ATAK helicopters acquired for the Nigeria Air Force, by the Federal Government. The minister held talks with his Turkish counterpart, Lt. Gen. Yasar Guler (Rtd.) on critical bilateral and defence cooperation issues. This was disclosed in a statement issued on Sunday by the Director, Public Relations and Information, NAF, Air Commodore Edward Gabkwet. The statement stated that Guler, on behalf…

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Telecommunications Provider, 9mobile Storms Jos With The Hack

9mobile says it is set to take its mentorship programme, ‘The Hack’ to the beautiful city of Jos, Plateau State to support and promote emergent entrepreneurs hoping to grow their businesses. The Jos edition of The Hack will be a two-day event, featuring a seminar and an exhibition, and will be held on Tuesday, October 10, and Wednesday, October 11. The seminar will be facilitated by business expert, Tricia Olufemi-Olumide (TriciaBiz) who will share business ideas with participants and groom them to scale their businesses. Commenting on the forthcoming event,…

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Ebonyi Pipe Production Industry To Get A Facelift – Governor Nwifuru

By NewsBits Ebonyi State Governor Francis Nwifuru has promised to revamp the State-owned pipe production industry at Ezzangbo in Ohaukwu Local Government Area of the state to serve the purpose for which it was established. Nwifuru disclosed this in Abakaliki at a media chat to mark the 63rd independence celebration of Nigeria and the 27th anniversary of the creation of Ebonyi. The event provided a platform for the governor to present a scorecard of achievements of the 152-day-old administration to the people of Ebonyi. He noted that the government was…

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NERC Orders DisCos To Reimburse Customers For Meters Purchased Under MAP

The Nigerian Electricity Regulatory Commission (NERC) has ordered electricity distribution companies (DisCos), to reimburse customers who have paid for the acquisition of meters under the Meter Assets Provider (MAP) framework. The commission gave the order in a document dated March 20, 2023. The order took effect on April 1, 2023, according to the document, which provided guidelines for the disbursement. NERC said the 2021 MAP and national mass metering regulations provide for the reimbursement of the cost of meters procured by customers under the MAP framework. “Section 8 (f) of…

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NCC Is Reshaping Nigeria’s Economic Landscape With Digital Infrastructure, Innovative Payment Systems – Danbatta

The Executive Vice Chairman (EVC) of Nigerian Communications Commission (NCC), Prof. Umar Danbatta has again reiterated that technology-driven telecommunications industry has contributed $70 billion to Nigeria’s economy. Prof. Umar Danbatta Danbatta, also said that the industry had provided over 500,000 jobs in the public and private sectors and improved the lives of millions of Nigerians. The current data indicates that the telecommunications sector contributed 16 per cent in the second quarter of 2023 to the nation’s Gross Domestic Product, GDP. From a 14.13 per cent contribution in the first quarter…

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NASENI New CEO Receives Briefings From Management, Pledges To Learn, Correct Past Mistakes

The new Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Khalil Halilu, has charged the management team to commit fully to the new direction being charted for the agency. The new CEO made the call on Monday, as he began receiving operational briefings from the agency’s management and senior staff. He reiterated that under his watch, NASENI will run an open-door system that welcomes ideas and suggestions. “We will learn from all mistakes of the past, and make adjustments that will be included in our…

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Russia To Resume Production Of T-80 Tanks

Russia is considering resuming production of T-80 tanks, state-owned television channel Zvezda, which is operated by the Defence Ministry, reported on Monday. Alexander Potapov, the boss of tank-maker Uralvagonzavod, said that his company was tasked with resuming production of T-80 tanks. “This is the task, or at least the military has set it for us,’’ Potapov said in an interview with Zvezda. Potapov added that the tank maker was working with the Russian Ministry of Industry and Trade on the plan. The T-80 has proved particularly useful during Russia’s “special…

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