The Federal Government has approved N5.1 billion for 185 Tertiary Education Trust Fund (TETFund) research grants in furtherance of its sustained drive to transform Nigeria into a technology-driven country through innovation and creativity. TETFund introduced the National Research Fund (NRF) grant to promote cutting-edge research, which experts consider as a critical tool for the nation’s […]
Telecomms
SIM-NIN Linkage: Telecom Subscribers Rue Phone Lines’ Disconnection Saga
With many of them confirming the linkage of their SIM-NIN several months ago, scores of telecommunications subscribers in the country are expressing frustration over their inability to make calls by Mobile Network Operators (MNOs) due to what one of them termed “the operators’ lack of concern for customers. Some subscribers spoken with in Lagos and […]
Tinubu Inaugurates Special Panel For Review Of SIPs’ Guidelines
Barely a few days after he ordered the suspension of the four programmes under the National Social Investment Programmes Agency (NSIPA), President Bola Tinubu at the weekend inaugurated a Special Presidential Panel to review and audit existing financial frameworks and policy guidelines of the social investment programme. A statement issued by the Special Adviser (Media […]
Artificial Intelligence Impact Poses 40% Risk To Global Jobs – IMF
The International Monetary Fund (IMF) has projected that nearly 40% of jobs globally will be influenced by artificial intelligence (AI), with advanced economies expected to experience a higher impact compared to emerging markets and low-income nations. The IMF Managing Director, Kristalina Georgieva, in a Bloomberg report on Monday, was quoted as expressing concern about the […]
Nigerian Customs Mulls E-Auction Platform To Enhance Transparency
The Nigerian Customs Service (NCS) has hinted of its plans to launch an electronic platform to streamline applications from importers, exporters and other stakeholders in the economy as part of its current moves to enhance transparency in its auctioning process. The Comptroller-General of NCS, Mr. Adewale Adeniyi, made this disclosure during a press conference on […]
Nigeria’s Per Capital Income To Hit Pre-Pandemic Level In 2025 – World Bank
….Estimates GDP To Grow By 3.7% The World Bank in its just published ‘Global Economic Prospects For January 2024’ has projected that Nigeria’s per capita income will return to its pre-pandemic level by 2025. The Bretton Woods institution hinged its latest forecasts on current reforms initiatives of the Nigerian government which, it also noted, would […]
Globacom Debunks Interconnect Charges Indebtedness To MTN
Globacom Limited, one of Nigeria’s mobile network operators (MNOs) has denied reports making round in the public space that it owes MTN Nigeria interconnect charges. A news report from the News Agency of Nigeria (NAN) on Tuesday indicated that a reliable source in telecoms company disclosed that the amount due for payment was N1.6 billion […]
NCC Issues Ultimatum On 5.4GHz Frequency Usage By Unauthorized TelCos
The Nigerian Communication Commission (NCC) on Monday issued a 14-day ultimatum to unauthorised telecom operators using the 5.4GHz Frequency spanning 5.430 – 5.725 GHz band to vacate the frequency band or face regulatory sanctions. The industry regulator, in a public notice signed by its Director of Public Affairs, Reuben Mouka, indicated that the 5.4 GHz […]
NCC Directs MTN To Disconnect Globacom Over Interconnect Debt
The Nigerian Communications Commission (NCC) has approved a partial disconnection of Globacom network operator by MTN over the former’s refusal to pay interconnect debt after several demands by the latter. The regulatory order implies that Globacom’s subscribers will not be able to make calls to any MTN number but can receive inbound calls from MTN […]
African Startups Raise $2.9Bn In 2023, As Funding Dips By 39%
A new report by ‘Africa: The Big Deal’ on startups across Africa has indicated that the entities raised a total of $2.9 billion in 2023, representing a 39% year-on-year decline when compared to the funds they raised in 2022. According to the report, which monitors deals announced by startups on the continent last year, in […]