Nigeria’s Gross Domestic Product (GDP) grew by 3.46% (year-on-year) in real terms in the fourth quarter of 2023, lower than the 3.52% recorded in the corresponding quarter of 2022, the National Bureau of Statistics (NBS) reported on Thursday. The Bureau, in its ‘Nigeria Gross Domestic Product Q4 2023’ report published on its website, however, stated […]
European insurance industry leaders are doubling their digitalisation drive to enhance customer experiences and streamline operations in the face of looming recession threats to their economies. According to a recent survey conducted by Information Services Group (ISG), titled ‘Pulse Check – State of the European Insurance Industry’ conducted in the fourth quarter of 2023, nearly […]
The Federal Government and the World Bank Group have partnered for improved fibre connectivity for telecoms consumers nationwide. The collaboration was disclosed at a stakeholders’ engagement with the catchphrase ‘Broadband for All’, which recently held in Abuja. The Minister for Communications, Innovation and Digital Economy, Dr. ’Bosun Tijani, whose ministry co-organised the forum, noted with […]
The Nigerian Communication Commission (NCC) has solicited the collaboration, innovation and of all stakeholders in the nation’s digital economy landscape as a proactive strategy to mitigate emerging risks ahead of planned 6G deployment in the country. The Executive Vice Chairman of the commission, Dr. Aminu Maida, made the call on Tuesday during a 2-Day Telecoms […]
The National Information Technology Development Agency (NITDA) has advocated the incorporation of Artificial Intelligence (AI) into Nigeria’s security framework in order to make the nation’s environment more conducive for socioeconomic activities. The Director-General of the agency, Dr.Kashifu Inuwa, made this call during a meeting he had with the Commandant of the National Institute for Security […]
….Lagos Attracts 65.35% Of Capital Inflows The National Bureau of Statistics (NBS) at the weekend reported that Nigeria’s total capital importation value in the fourth quarter of last year marginally increased to $1.088 billion, slightly higher than the $1.060 billion recorded in Q4 2022 and represented a 2.62% year-on-year increase. But then, the statistics agency […]
The Federal Government on Monday announced the launching of its ‘Project 774 LG Connectivity’ to foster inclusive development, promote access to digital public infrastructure, and create 300 direct jobs. The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, who made the disclosure via his X handle, said that the implementation of the project […]
The Board of Directors of the African Development Bank Group (AfDB) has approved the proposal to take an initial stake of up to $10 million in the “Alliance for Green Infrastructure in Africa – Project Development” (AGIA-PD)” Fund as part of its investment supports for successful green transition of African countries. A news report from […]
Yellow Card, the largest and only licensed stablecoin on/off ramp on the African continent, is set to introduce USDC, a digital stablecoin on the Stellar network, an open-source decentralised blockchain network, revolutionising cross-border payments, remittances, and treasury management globally. The initiative is coming as Africa slowly inches towards widespread adoption of digital assets, thereby becoming imperative […]
The Federal Government has announced its partnership with the World Bank Group to raise $3 billion for expansion of broadband infrastructure in the country. The project involves laying additional 120,000km of fibre optic cables across the country. The Minister of Communications, Innovations, and Digital Economy, Dr. Bosun Tijani, who made this disclosure at stakeholders meeting […]