The Central Bank of Nigeria (CBN) says mobile money operators including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint will resume the enrolment of new customers “in another couple of months”. CBN Governor, Olayemi Cardoso, stated this on Tuesday at the 295th Monetary Policy Committee (MPC) of the apex bank in Abuja when the […]
Read MoreThe Nigerian Communications Commission (NCC) said the suspension of issuance of the three telecoms licences namely: Interconnect Exchange Licence, Mobile Virtual Network Operator Licence and Value Added Service Aggregator Licence was in the interest of the telecoms industry. The Executive Vice Chairman of the NCC, Dr Aminu Maida told industry players today at a ‘Public Inquiry […]
Read MoreAMA PRESS RELEASE Technology and business leaders today met at the SAP Innovation Day in Johannesburg to discuss how businesses can shift away from stagnation and ignite a new wave of innovation and growth to drive their success. Speaking at the event, Hans-Peter Fuelle, Chief Business Officer for EMEA, SAP, said businesses today operate in […]
Read MoreThe Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points from 24.75 per cent to 26. 25 per cent. Following a two-day meeting, the bank’s Monetary Policy Committee (MPC) agreed to increase the Monetary Policy Rate(MPR) for the third straight time to rein in the country’s soaring inflation levels pegged […]
Read MoreThe Lagos State government has launched its cybersecurity project designed to safeguard the State’s digital infrastructure against potential attacks that are becoming rampant. The State is also pushing for a State Innovation Bill through which it could implement policies and laws that would improve the development of technology in the State. The Innovation Bill, if […]
Read MoreThe proliferation of edge computing use cases has shifted critical equipment and data from the protected confines of the data centre to more demanding environments where heat, humidity, air quality, and physical security are significant challenges. Recognising this new reality, Vertiv, a global provider of critical digital infrastructure and continuity solutions, today introduced the Vertiv […]
Read MoreMore than 200 schools have so far registered for the National Schools’ Team Chess Championship being organized by Ecobank Nigeria in collaboration with Nigeria Chess Federation (NCF). The competition is open to students from primary to tertiary education level with prizes of over N15 million to be won. Vice President, Nigeria Chess Federation, Prince Adeyinka […]
Read MoreThe Capital Inflow (Foreign Direct Investment) into the Nigerian Telecoms Industry in the Year 2022 dropped significantly to about USD399,905,531.38 as against USD753,044,446.35 recorded for the year 2021, similarly domestic investment dropped by 36.1% Meanwhile, Telecoms industry contribution to the Nigerian Gross Domestic Products went up from 12.61% in the Fourth Quarter, 2021 to 13.55% […]
Read MoreFifty percent of public service institutions − such as schools, clinics, hospitals, libraries and traditional offices − are anticipated to be connected to the internet by 31 March 2025. This, as part of the universal service obligations imposed on licensees by the telecoms regulator, following the licensing of high-demand spectrum in March 2022. So says the Independent […]
Read MoreVodacom Group Ltd. is talking with France’s Orange South Africa about a strategic partnership in Africa to explore infrastructure deals to help keep down costs in Africa. The telecommunications companies are reviewing agreements in overlapping markets, including Egypt and the Democratic Republic of Congo, and evaluating other opportunities to collaborate, said the people, who asked not to be […]
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