MainOne, an Equinix Company and a leading West African data center and connectivity solutions provider, has announced the historic landing in Qua Iboe, Akwa Ibom State, of the first and only submarine cable system in Nigeria outside of Lagos. The initiative marks a milestone in the company’s drive towards enhancing broadband connectivity and driving economic […]
A new report by the Swiss Re Institute has indicated that climate change will have a larger impact on economic losses in the future, with the US and Philippines projected to be the hardest hit. The report listed four key weather perils, namely floods, tropical cyclones, winter storms in Europe, and severe thunderstorms, which are […]
The Central Bank of Nigeria (CBN) has recently released a Cyber Cyber-security Framework and Guidelines aimed at managing the technology platforms and infrastructure used in managing Deposit Money Banks, DMBs and Payment Service Banks, PSBs. According to the circular on the monetary policy guidelines to all Deposit Money Banks (DMBs) and Payment Services Banks (PSBs) […]
The House of Representatives has initiated moves to investigate the alleged N1.8 trillion tax owed the Federal Government by Multichoice group, the operator of DSTV and GoTV services. The Green Chamber’s decision to probe the TV entertainment and other services providing firm was sequel to the adoption of a motion by Rep. Saidu Abdullahi during […]
The Federal Government, through the Federal Ministry of Innovation, Science and Technology, has signed a Memorandum of Understanding (MOU) with Domineum/Edenbase UK for the development of Abuja Tech City. The Minister of Innovation, Science and Technology, Uche Nnaji, who signed the agreement on behalf of the government in Abuja, said the collaboration laid the foundation […]
The Nigerian Communications Commission, (NCC) has reiterated its commitment to promoting local content development across the value chains of the nation’s telecommunications industry with the attendant positive implications of increasing the sector’s contributions to the nation’s Gross Domestic Product growth rate in the years ahead. The telecom industry regulatory commission’s Executive Vice Chairman, Dr. Aminu […]
Kaspersky Security Network (KSN), a frontline cybersecurity firm, has reported that Nigerian businesses and organizations remain among the major targets of cybercriminals in 2023 with the country suffering 28.8% malware attacks in Q2, 2023. The firm gave this data at the 9th annual Cyber Security Weekend – META conference recently held in Kuala Lumpur, Malaysia, where […]
President Bola Tinubu on Tuesday in Abuja launched the Expatriate Employment Levy (EEL) to facilitate home-grown skill retention and technology domestication and to balance employment opportunities between Nigerians and expatriates. Speaking at the launch of the Expatriate Employment Levy handbook, the President also said the aim is to close wage gaps between expatriates and the […]
….Says $26Bn Transactions Through Binance Nigeria Difficult To Trace The Central Bank of Nigeria (CBN) Governor, Dr. Olayemi Cardoso, on Tuesday disclosed that the apex bank spent over N10 trillion in interventions to different sectors of the economy over the past six years without significant results to show for such humongous expenditure. He […]
The Executive Vice Chairman/CEO of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has harped on the increasing relevance of emerging technologies to the nation’s economic growth drive as the Commission continues to strengthen its collaboration with relevant stakeholders in telecom industry to review the current operating standards and introduce new measures in accordance with […]