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FG Targets $6Bn Yearly Revenue From Blockchain Technology

The National Information Technology Development Agency (NITDA) has projected that Nigeria could generate between six to ten billion dollars yearly as revenue by year 2030 if the blockchain technology potentials are fully explored for national development. The Director General of the agency, Mr. Kashifu Inuwa, gave the projection at a stakeholders’ engagement for the review […]

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Globacom Launches ‘Glo Social Bundles’ To Enhance Social Media Access

Globacom, Nigeria’s leading telecommunications services provider, has introduced affordable packages tagged ‘Glo Social Bundles’ as part of its efforts to facilitate access to popular social media platforms by millions of subscribers. The newly introduced Glo Social Bundles include a package each for WhatsApp, Twitter, and Facebook, under which subscribers can enjoy 100MB for N25 per […]

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NCC Assigns New 357.53Mn Lines To Telecom Operators

The Nigerian Communications Commission has announced the assignment of new 357.53 million telephone numbers to telecommunications operators for subscription by users nationwide. The commission, which made the disclosure in its Q3 2020 National Numbering Plan (NNP) released on Tuesday, indicated that the new telephones numbers and belonged to about 32 licensed telecom operators and were […]

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AfreximBank, ITFC, ARSO Partner On Harmonisation Of Health Devices Standards

The African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC), have partnered with the African Organisation for Standardisation (ARSO), to launch a new Arab-Africa Trade Bridges Program (AATB) initiative called the Harmonisation of Standards for Pharmaceutical and Medical Devices in Africa. A news report on the initiative sourced from Africa Press Organisation […]

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CBN, Bankers’ Committee Flag-Off Fraud Awareness Campaign

The Bankers’ Committee and the Central Bank of Nigeria (CBN) have flagged off a cyber-security and fraud awareness campaign, called ‘Moni Sense,’ as part of their efforts to enlighten customers on the benefits of protecting their bank and other related transaction details from criminals. With the initiative, the CBN and the Bankers’ Committee aim to […]

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UN identifies digital finance as key to attainment of SDGs

The United Nations today identified digital finance as key to providing relief for millions around the world, supporting businesses and protecting jobs and livelihoods in the face of unprecedented social and economic crisis caused by the COVID-19 pandemic to the world. Today a new report titled “People’s Money: Harnessing Digitalization to Finance a Sustainable Future”, […]

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Buhari unveils new focal policy agenda of his administration

President Muhammadu Buhari on Tuesday listed nine policy issues that will be the major focus of his administration in the next three years. Specifically, the President disclosed that between now and 2023 when his APC-led administration will complete its second term of four years, the government would commit its time, energy and other resources towards […]

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E-Payment Transactions Hit N42.76Trn In Q3, 2019

The National Bureau of Statistics (NBS) has reported that the value of e-payment transactions in the nation’s banking sector rose to N42.76 trillion in 800,201,498 transactions during the third quarter this year. The bureau, in its latest report titled ‘Selected Banking Sector Data Q3 2019’ stated that the figures were the available data on electronic […]

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AfDB, Microsoft Launch Digital Training Platform For African Youths

The African Development Bank (AfDB) and technology solutions giant, Microsoft, on Tuesday today launched the ‘Coding for Employment’ digital training platform, an online tool to provide digital skills to African youths across the continent. The platform, launched at the 2019 African Economic Conference in held in Egypt, aims to promote a continuous learning culture among […]

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World Bank Lists Challenges To Nigeria’s Entrepreneurial Ecosystem

The World Bank Group on Thursday reported that although Nigeria is the largest mobile market in Sub Saharan Africa (SSA) with a strong mobile broadband infrastructure and a vibrant digital entrepreneurial ecosystem, the lack of infrastructure and connectivity in the country’s rural areas is a key challenge. The Breton Woods institution disclosed this during the […]