The Central Bank of Nigeria (CBN) on Wednesday directed banks to continue to issue and accept old and new Naira banknotes nationwide. The apex bank, in a statement issued by the Acting Director, Corporate Communications, Mrs. Sidi Ali Hakama, clarified: “Following the order of the Supreme Court on Wednesday, November 29, granting the prayer of […]
The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has urged Nokia Networks, one of the global leading ICT firms, to increase its investments in Research and Development (R&D) of the nation’s Information and Communication Technology (ICT) to support the industry’s sustainable growth. Maida, made the […]
The Socio-Economic Rights and Accountability Project (SERAP), a leading civil advocacy group in Nigeria, has urged the World Bank to suspend further loans to Nigeria’s 36 states until previous ones are accounted for. The group hinged its stance on what it termed recurring allegations of mismanagement of public funds by state governors, including loans which […]
To reaffirm its commitment to collaborate with its 54 regional member-countries to support and implement projects and programmes for inclusive development in Africa, the African Development Bank (AfDB) last week hosted a ‘High-level Member-States Engagement Framework Workshop’ in Abidjan, Cote D’Ivoire. The event featured nearly 100 ministry of Foreign Affairs’ directors of protocol and Bank […]
The Nigerian Senate on Wednesday formally commenced the process of amending the Cybercrime Act 2015 as part of ongoing collective efforts to improve the security of the nation’s cyber space for information sharing across the broad spectrum of the nation fast-evolving digital economy. Speaking at the one-day public hearing on the Cybercrime (Prohibition and Prevention) […]
The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s statistical system, has reported that Nigeria’s real GDP at basic prices for the first and second quarters of this year decreased when compared to the growth rates recorded in the nation’s economy in the corresponding quarters of 2022. The Bureau, in the ‘Nigerian Gross […]
The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has restated the need for the Central Bank of Nigeria (CBN) and financial institutions in the country to collaborate with the agency to leverage emerging technologies such as Artificial intelligence (AI) and Data Analytics to deepen digital payment adoption in the country. Inuwa […]
The Nigerian Communications Commission (NCC), has expressed its total commitment to the implementation of the Ministerial Five Pillars of the Strategic Blueprint aimed at holistically transforming the nation’s economy with a view to achieving 70% digital literacy by 2027; and a capital increase raised by Nigerian tech startups by 50% year-on-year from $1 billion/year in […]
The Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has said that quality of service in the telecommunications sector remained non-negotiable and charged industry stakeholders to collaborate with the commission to make this a reality. Maida, who made this remark in Lagos at an interactive session with chief executive […]
In what has now become a recurring issue in the nation’s banking sector, the Association of Licensed Telecom Operators of Nigeria (ALTON), the umbrella body of telecommunications companies in Nigeria, has again threatened to withdraw unstructured supplementary service data (USSD) service from deposit money banks (DMBs) following their indebtedness now estimated at about N200 billion […]