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CBN Releases New Regulation On E-Payments, Collections For Private, Public Sectors

The Central Bank of Nigeria (CBN) has released a new regulatory template guiding all forms of electronic payments and collections for public and private sectors in the country. The apex bank stated that the monetary policy measure, which was taken furtherance of its powers under enabling Act 2007, was a revision of the Guidelines on […]

Foreign General News/Info Latest News Technology Telecomms

Tecno Mobile Launches Youth-Friendly CAMON 12 Air Smartphone

Tecno Mobile, a global leading mobile phone company, has launched new smartphones Camon 12 Air with upgraded camera to unlock a new image era of innovative shooting performances. Described as one of the most remarkable camera devices, the latest smartphone from the  company’s stable, is coming with the initiative Dot-in Display and 16MP+2MP+5MP AI Max […]

Economy News Extra Latest News Technology Telecomms

Airtel Boosts Internet Connectivity With Home Broadband Package

Nigeria’s leading telecommunications services provider, Airtel Nigeria, has announced the roll out of its pan-Nigeria Home Broadband value offering  as part of its strategic initiatives aimed deepening its broadband connectivity in homes and offices nationwide. The telecommunications operator stated that the launch of theHome Broadband offerings leverage on its expansive and modernized 4G network, which […]

Economy News Extra Latest News Oil & Gas Science 'n' Technology Technology

Technology adoption will improve forecasts, mitigate risks in oil industry- Seplat

As Nigeria continues to explore all options to improve her earnings from the hydrocarbon resources industry, the Executive Operations Director, Seplat Petroleum Development Company Plc, Mr. Effiong Okon, has identified the adoption of critical contemporary technologies as crucial to effective planning and forecast and mitigating the risks in the industry. Okon gave this hint while […]

Economy News Extra Latest News Technology Telecomms

Nigeria’s Internet Subscribers Hit 114.75Mn

The Nigerian Communications Commission (NCC) reported that Internet users in Nigeria increased to 114,752,357 million in February 2019. The latest data showed that overall internet users increased by 850,153 in February from the 113,875,204 users recorded in January. The commission gave these figures in its Monthly Internet Subscribers Data for February posted on its website. […]

Economy News Extra Foreign Latest News Technology Telecomms

Zuckerberg Seeks New Regulations For Internet Governance

The chief executive officer of Facebook, Mark Zuckerberg, has canvassed the need for new global regulations governing the internet. Specifically, he recommended tough rules on hateful and violent content, election integrity, privacy and data portability, among other regulatory imperatives. In a statement that was published as an op-ed in some newspapers, the Facebook chief said the […]

Economy News Extra Latest News Power/Electricity Technology

NERC Flaws Discos’ Stance On Meter Supply

Nigeria’s power sector regulator, the Nigerian Electricity Regulatory Commission (NERC) has flawed the position of the electricity distribution companies (Discos) on meter supply to consumers, saying the responsibility is that of the companies based on the provisions of the Meter Asset Provider (MAP) Regulations 2018. The commission, in a statement maintained that the DisCos’ role […]

Economy News Extra Investments/Capital Market Latest News Technology

NIMC Extends Diaspora Enrolment to UAE, United Kingdom

Barely three weeks after it successful launched its Diaspora enrolment initiative in South Africa, the National Identity Management Commission (NIMC)  on Monday stated that it had extended the programme to the United Arab Emirates (UAE) and the United Kingdom (UK). According to the commission, the NIN enrolment in UAE and the UK  is in collaboration […]

Investments/Capital Market Latest News Technology

CMC Mulls Dematerialization Of Unlisted Firms’ Shares

The Capital Market Committee (CMC) has recommended that the ongoing dematerialization of shares being traded on the Nigerian Stock Exchange (NSE) should be extended to unlisted companies to boost the market’s capitalization. The Acting Director General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk, gave this hint while briefing journalists on the decisions taken […]

Investments/Capital Market Latest News Taxation Technology

Tax Reform, Digitisation Key To Financing Africa’s Devt – ECA

The United Nations Economic Commission for Africa (ECA) has set a four-point agenda for African governments to implement in order to enable Africa achieve the UN 2030 global goals (SDGs), and the AU Agenda 2063. The ECA, in its Economic Report on Africa released on Sunday at the Conference of Ministers and distributed by the […]