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Again, NITDA Harps on Quest for Safe & Inclusive Digital Ecosystem

The quest for a safe and inclusive digital ecosystem was a subject of when Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa hosted the Head of Government Regulation and Public Policy TikTok Nigeria and West Africa, Mrs Tokunbo Ibrahim In his chat with her, Inuwa that reiterated the need for a […]

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Business

Hassan-Odukale Exit FirstBank as Chairman After 12 Years as Board Appoints Olufowose

The Board of FirstBank has appointed Mr Ebenezer Olufowose, a Non-Executive Director, as the new Chairman of the Board of Directors of First Bank of Nigeria Limited to takeover from exiting Mr Tunde Hassan-Odukale. This follows the expiration of the tenure of the former Chairman, Mr Tunde Hassan-Odukale who has completed 12 years for a […]

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Business

NESG Faults Introduction of Cybersecurity Levy, Says Nigerians Can’t Feed

The Nigerian Economic Summit Group (NESG) has faulted the timing of the introduction of the 0.5% cybersecurity levy on electronic transactions recently introduced by the Central Bank of Nigeria (CBN). In a statement on Thursday, NESG asked the Federal Government to reconsider the levy as Nigerians are currently groaning under multiple taxation and inflationary pressures. In […]

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Business

NCC Signs MoU with Nokia to Setup 5G/4G Test Lab & Train Nigerian Youth on Radio, Transmission Technologies

The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijanni, the Executive Vice Chairman and Chief Executive of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, have signed a Memorandum of Understanding (MoU) with Nokia Solutions and Networks Nigeria, to train young Nigerians on latest 4G/ 5G radio and transmission technologies at the Nigerian […]

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Financial

JUST IN: Nigeria’s Currency Devaluation Hits Airtel Africa Losses Over $4m, Says Only $550m Left for Debt Repayment

Airtel Africa Plc, just like the MTN Group was badly hit by the currency devaluation of the Nigerian Government thereby resulting to losses of up to $4,979 million, which was a decline of  5.3%, and leaving the telecom operator with $550 million for debt payment in May 2024. The Group in its year ended 31 […]

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Business

UK  Government Recounts Impact on Nigeria’s Tech Space with Over $23m Investment, Support for Hubs &Startups  

The UK-Nigeria Tech Hub, launched in 2019, and which is part of the International Tech Hub Network delivered by the Department for Science, Innovation and Technology (DSIT) and the Foreign, Commonwealth and Development Office under the UK Government’s Digital Access Programme (DAP), has recorded massive impact on the Nigeria’s tech space. Besides supporting startups in […]

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Business

CBN Orders Banks to Suspend Charges on Deposits Till September

The Central Bank of Nigeria (CBN) has directed deposit money banks and financial institutions to suspend processing fee on deposits till September 30, 2024. In a circular, the apex bank ordered that financial institutions suspend processing charges imposed on cash deposits above N500,000 for individuals and N3,000,000 for corporates. The circular to deposit money banks […]

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Technology

NITDA Redefines AI Knowledge Acquisition for Beginners in Hausa

The National Information Technology Development Agency (NITDA) is redefining the acquisition of (AI) Artificial Intelligence knowledge in the Hausa language of northern Nigeria. The Director General of NITDA, Mr kashifu Inuwa was recently represented by Dr. Ahmed Tambuwal, Head of Digital Literacy Division, at the official unveiling of AI learning content in Hausa, held in […]

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Business

We Are Not Laying-off Staff or Leaving Nigeria, Says Bolt Nigeria

Bolt Nigeria has refuted multiple reports of laying off 22 of its 45 employees a few days ago. In an email to Techpoint Africa, Bolt clarified that terminating some employees was not a layoff but a strategy to automate and update many of its customer support and operational processes in Nigeria. Bolt emphasized that it has not laid off any staff […]

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Technology

Western Digital Launches SanDisk Desk Drive with Exciting Features

Western Digital has launched the SanDisk Desk Drive, the latest addition tonits portfolio of external desktop SSDs. This new storage device is designed to accommodate the expansive data needs of digital creators and professionals managing large volumes of content. The introduction of the SanDisk Desk Drive is a response to increasing demands for robust storage […]

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