The African Development Bank (AfDB) and Google LLC have strengthened their partnership to grow Africa’s burgeoning digital economy with the signing of a Letter of Intent during the Global Africa Business Initiative at the United Nations General Assembly in New York. Analysts estimate that Africa’s digital economy is valued at $115 billion and project that […]
As scores of financial technology (Fintech) start-ups in Nigeria continue to rev up their capitalization drive for improved operational presence in Africa’s economies, Fixit45, an Autotech startup, has raised $1.9 million in equity and working capital targeted at expanding its operations to East Africa. Information on the firm’s funding initiative indicated that the pre-seed round […]
Nigeria’s crypto transactions rose in value by 9% year-over-year, surging to a total of $56.7 billion from July 2022 and June this year. A report published by the New York-based blockchain research firm, Chainalysis, reflected that the adoption of cryptocurrencies in Nigeria is on the rise, despite the fiscal, monetary and socioeconomic whirlwinds in the […]
The Chief Justice of Nigeria (CJN), Hon. Justice Olukayode Ariwoola, has commended the Nigerian Communications Commission (NCC) for its regulatory roles for its dedicated efforts in promoting awareness and knowledge of Information Communications Technologies (ICT), among the Judiciary in particular, and the Nigerian public. The CJN made this remark at the 2023 edition of NCC-hosted […]
….Highlights Achievements So Far In Kano The national target to achieve 70% broadband penetration by 2025 is receiving renewed attention from the Nigerian Communications Commission (NCC), which promises 50 per cent before the end of 2023, the commission’s Executive Vice Chairman (EVC), Prof. Umar Danbatta, has assured. The promise was one of the highlights […]
The Federal Government has approved a review of the NCC Act 2003 to streamline Nigerian Communications Commission’s (NCC’s) regulatory roles in line with the Information Technology policy development and avoid overlapping of its functions with those of the National Information Technology Development Agency (NITDA). The approval may not be unconnected with recent disagreements between NCC […]
The Nigeria Communications Commission (NCC) has again cautioned telecommunication consumers on the rising trend of electronic frauds on telecom platforms across key sectors of the Nigerian economy. The NCC’s Director, Consumer Protection and Advocacy Unit, Consumer Affairs Bureau, Mr. Alkasim Umar, gave the warning during a sensitisation programme tagged: ‘Shine Your Eyes-No Fall Mugu’, in […]
The Lagos Chamber of Commerce and Industry (LCCI) has advised the Federal Government to establish dedicated websites that will guide foreign investors and other with the relevant information about investment opportunities in Nigeria. In a statement signed by its President/Chairman of Council, Asiwaju (Dr.) Michael Olawale-Cole, the organized private sector (OPS) group maintained that doing […]
MTN Nigeria Communication Plc, one of the leading mobile network operators (MNOs) in the country, has expressed its concern over the rising incidents of vandalization of its sites, infrastructure, and national assets across the country, particularly in South Eastern region. The telecom operator’s General Manager of Regional Operations in the East, Callima Inino, lamented over […]
….As FCCPC Puts 55 Operators Under Watch Statistical data from the Federal Competition and Consumer Protection Commission (FCCPC) showed that the number of companies with full approval to operate as digital money lenders (DMLs), also known as loan apps, in the country had increased to 161 as at the end of August this year. According […]