The Nigerian Communications Commission (NCC) has reported that telecom subscribers in the country utilised 721,522 terabytes of data in January of this year, representing the highest volume of monthly data consumption since it commenced the publication of data statistics in the industry. The latest data released by the industry regulatory commission on data usage by […]
Despite some technical challenges associated with fibre optic cables deployment across the country, the Nigerian Communications Commission (NCC) has reported a surging trend in telecom subscribers’ migration to the 4G network, with the rate in January this year surging to 31.75% percent. The telecom industry regulatory commission in its latest report on network adoption rate […]
The Federal Government has initiated criminal proceedings against Binance, a cryptocurrency exchange platform, in a decisive move aimed at upholding fiscal responsibility and safeguarding the economic integrity of the country, The criminal proceeding charges, filed at the Federal High Court in Abuja, were announced by the Federal Inland Revenue Service (FIRS) in a statement issued […]
Following recent undersea cable cuts that challenged connectivities in many countries in the West African region, Nigeria has canvassed the need for a coordinated and multilateral approach by the regional authorities to protect shared telecommunications infrastructure, and diversify connectivity to ensure uninterruptible connections. The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu […]
The Economic and Financial Crimes Commission (EFCC) and the Nigeria Deposit Insurance Corporation (NDIC), have opened discussions on how to synergize their efforts for the purposes of ensuring that the nation’s banking industry is secured from fraudulent activities and by implication, stabilize the financial system. The Executive Chairman of the EFCC, Mr. Ola Olukoyede, made this […]
Nigeria’s Minister of Communications and Digital Economy, Dr. Bosun Tijani, has disclosed that in furtherance of the Federal Government’s ongoing efforts to enhance the quality of telecommunications services nationwide, the government and the International Telecommunication Union (ITU) have opened discussions targeted at protecting submarine cables and other digital infrastructure. Tijani, who made this disclosure on […]
With electronic waste (E-Waste) from the deployment, usage and disposal of computers, mobile phones, and TVs, among others, exponentially surging across the global landscape on daily basis, the International Telecommunications Union (ITU) has said there is a global concern over the rate at which the E-Waste is being generated. According to the global telecom body, […]
The Senate and House of Representatives Committee on Communications has approved the Nigerian Communications Commission’s (NCC’s) budget projection of N549.6 billion for financial year 2024. During a joint session of the Committee on Wednesday chaired by Sen. Ikra Bilbis, the telecom industry regulatory commission’s 2023 budget performance was reviewed in the presence of Dr. Aminu […]
The Central Bank of Nigeria (CBN) has restated the need for adequate financial literacy as a desirable step towards wealth creation, improved incomes, improved living standard for millions of Nigerians, particularly those in the grassroots. The apex bank’s Head, Consumer Education and Evaluation Division, Consumer Protection Department of the CBN, Lanre Gbadamosi, made this remark […]
Zone, one of the fast-growing Africa’s payment infrastructure companies, has raised $8.5 million in a seed funding round led by VC firms Flourish Ventures and TLcom Capital The fund raising marked a significant milestone in the company’s ongoing initiatives to build a Blockchain-based decentralized payment infrastructure for financial services providers in Africa and the other […]