Banking. Revenue. TechnoBiz
Key Federal Government agencies and top players in the nation’s telecommunications sector on Monday ended their meeting with a six-point measure to forestall future indebtedness and disruption of Unstructured Supplementary Service Data (USSD) services channel to bank customers nationwide. USSD is a critical channel for delivering financial services, particularly for the underserved and/or financially excluded. […]
The Federal Government at the weekend appealed to telecommunication operators in the country to discontinue their planned suspension of Unstructured Supplementary Service Data (USSD) services to banks over the lenders’ N42 billion indebtedness. The Minister of Communications and Digital Economy, Isa Pantami, who made the appeal on Saturday in statement issued by his Technical Assistant […]
The Federal Government has approved the opening of Subscriber Identification Module (SIM) swap centres in all the 774 Local Government Areas (LGAs) nationwide. A joint statement signed by the Director, Public Affairs at Nigerian Communications Commission, Dr. Ikechukwu Adinde, and the Head, Corporate Communications, Mr. Kayode Adegoke, indicated the approval was taken during the fourth […]
Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) on Monday issued a 14-day industrial action notice to Huawei Technology Nigeria Limited over alleged unfair labour practices. The PTECSSAN, which is an affiliate of Nigeria Labour Congress, NLC, gave the 14-day industrial action notice to the telco’s management at a media briefing in Lagos. […]
Manchester United (ManU), one of the one of the most popular and successful football teams globally, and Startimes, a leading digital TV operator in Africa, on Thursday announced a new strategic partnership that will enable millions of the football team’s fans in Africa gain access to MUTV. MUTV is the world’s leading football club TV […]
The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday stoutly justified its monetary’ policy forbidding crypocurrencies transactions in Nigeria, saying trading in the virtual assets is illegal and has no place in Nigeria’s monetary system. Emefiele, who re-affirmed the apex bank’s policy stance against the virtual currencies when he appeared before […]
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye has lent his voice against cryptocurrencies and virtual assets transactions in Nigeria, describing them as risky for the country. Owasanoye expressed this view before the Senate Committee on Banking, Insurance and Other Financial Institutions during its hearing on the […]
A new report jointly published by consultancy firm STL Partners and Vertiv has projected that the deployment of 5G technology in telecommunications would boost the global manufacturing and transport sectors about $1 trillion in benefits. The report titled ‘Why Energy Management Is Critical To 5G Success’ indicated that the projected amount would be saved by […]
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed to buy up to US$50 million of a bond issued by Liquid Telecommunications being launched today. A news report on the bond issuance distributed by African Press Orgnaisation (APO) Group on behalf of PIDG, indicated that the bond (“The New […]
Twitter has again confirmed that the ban on the immediate past US President, Donald Trump, will not be reversed even if he runs again for Presidency in 2024. The company’s chief financial officer, Ned Segal, told CNBC’s Squawk Box “if you are removed from the platform, you are removed from the platform.” Twitter had previously […]