Business

Roaming Subscribers to Reach 1.25 Billion Globally in 2024, Surpassing Pre-pandemic Levels

The number of active retail roaming subscribers will reach 1.25 billion globally by the end of 2024, and will rise to 1.6 billion by 2028. It identified the increasing number of roaming subscribers using 5G networks as a key challenge for operators to fully monetise roaming activities. A new study from Juniper Research, said that 5G […]

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Business

Telecoms Operators Restore Voice, Data Services After Major Undersea Cable Cut 

Following the disruption on March 14, 2024, which affected data and voice services due to cuts in undersea fibre optics along the coasts of Cote d’Ivoire and Senegal, we are pleased to announce that services have now been restored to approximately 90% of their peak utilization capacities.  A statement from the Nigerian Communications Commission, said […]

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Business

First Female GMD of Zenith Bank, Adaora Umeoji Holds 30 Years Banking Experience

The newly appointed first female Group Managing Director/Chief Executive, Zenith Bank, Dr Adaora Umeoji has about 30 years banking experience. However, her appointment, subject to the approval of the Central Bank of Nigeria, takes effect from June 1, 2024, according to the bank. “She takes over from Dr. Ebenezer Onyeagwu, whose five-year term expires on […]

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Business

NCC Boss Cautions AI Developers on Transparency About Data, Algorithms, and Models Used in AI Systems

While the country marks the World Consumer Day last week, the Nigerian Communication Commission (NCC), took time to warn AI Developers of the need to be transparent about the data, algorithms, and models used in AI systems stating that this ensures that decisions made by AI can be explained and mistakes can be fixed to […]

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Telecoms

NIMC, NCC Take Bold Steps to End Nigerian’s NIM-SIM Link Pains, Mull New Policy Framework

The National Identity Management Commission (NIMC) and the Nigerian Communications Commission (NCC) are rejigging National Identification Number (NIN) SIM linkage through a strategic collaboration aimed the enhancing processes. Under this collaboration, NIMC and NCC will work closely to explore synergies and leverage each other’s expertise and resources such as streamlining the NIN-SIM Linkage Process: NIMC […]

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Business

Moove Unveils ‘N500m Moove Cares Program’ for All Customers in Nigeria

AMA PRESS RELEASE Mobility fintech platform, Moove has launched its ‘Moove Cares’ program, introducing a substantial support package aimed at mitigating the adverse effects of ongoing inflationary prices in Nigeria. Recognising the challenges posed by rising fuel prices for its customers managing their businesses and the additional burden of inflationary food prices on household budgets, […]

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Business

National Privacy and Digital Awareness Campaign Design to Safeguard Personal Data & Create Jobs, Says NDPC

The planned introduction of the pre-inaugural National Privacy and Digital Awareness Campaign this week in Lagos, is designed to create awareness on the need to protect personal data and create jobs through the implementation of the Nigeria Data Protection Act (NDPA), 2023. Announcing the plans for the campaign, the Dr. Vincent Olatunji, the National Commissioner/CEO […]

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Business

Dangote Lauds Lagos Government on Consumer Rights Advocacy

The Group Executive Director, Commercial Operations of Dangote Industries Limited (DIL), Hajia Fatima Aliko Dangote, on Friday lauded and congratulated the Lagos State Consumer Protection Agency (LASCOPA) on the successful hosting of the 2024 World Consumer Rights Day, noting that consumers have the right to accurate, transparent, and easily understandable information about products and services. […]

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Economy

Nigeria’s Inflation Still Rising, Now 31.70%, Says NBS

The inflation rate has moved to 31.70 per cent in February, according to the latest data by the National Bureau of Statistics (NBS). The Bureau released the figure on Friday, with the latest data showing a rise from the 29.90 per cent recorded in January 2024. According to the ‘Consumer Price Index and Inflation Report’ […]

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Business

About Six Technology Development Zones to Open Soon Across Nigeria as NITDA, eVillage Finalise MoU

Several technology development zones are to spring up soon across the six geo-political zones of Nigeria. This is the central part of a partnership proposal between the National Information Technology Development Agency (NITDA) and the Entrepreneurship Village (eVillage), an initiative meant to foster technology innovations and inclusivity in the country. Speaking while playing host to […]

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