The Central Bank of Nigeria (CBN) said all valid foreign exchange backlogs of $7 billion have now been settled, fulfilling a key pledge of its Governor, Mr. Olayemi Cardosoo. This was disclosed by the bank’s Acting Director, Corporate Communications, Mrs. Hakama Sidi Ali, in Abuja on Wednesday, March 20, 2024, In a statement on Wednesday, […]
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If you are wondering how to get scarce foreign currency to start up a business that requires imported inputs, there is an idea on that popping up from the Chief Executive Officer of Information Connectivity Solutions Limited (ICSL), Mr Yemi Oshodi who spend 25 years of his business life on the Wall Street before returning […]
Read MoreFollowing 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 […]
Read MoreThe 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’ […]
Read MoreThe Swedish Government have hold talks with the Nigerian Communications Commission on areas of mutual benefit to both the NCC and the Swedish people. The talks took place when the Executive Vice Chairman of the NCC, Dr. Aminu Maida played host to the Swedish Ambassador, H. E. Annika Hahn-Englund who was on a courtesy visit […]
Read MoreChief executive officers, Top Government Executives as well as influential industry leaders from the ICT, Telecommunications and various sectors of the Nigerian economy are meeting this Friday, in Lagos Southwest Nigeria to brainstorm on ideas needed to leapfrog the nation’s digital economy. Meeting under the auspices of IDEA DINNER WITH THE CEOs, a brainchild of […]
Read MoreAfrica-focused fintech platform PalmPay has unveiled two new products in Nigeria, Unlimited Free Transfer and Target Savings, removing transfer fees to all banks and fintech platforms on its app. PalmPay announced the news today, saying with the Unlimited Free Transfer product, users of its app now have access to unlimited fund transfers to family and […]
Read MoreThe Nigeria Data Protection Commission (NDPC) signed two significant Memoranda of Understanding with the National Lottery Regulatory Commission (NLRC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), aimed at bolstering data protection initiatives across various sectors. The National Commissioner/CEO of NDPC, Dr Vincent Olatunji, represented NDPC, Director General, NLRC, Mr Lanre Gbajabiamila, […]
Read MoreSaudi Arabia (KSA) is leading in Artificial Intelligence (AI) readiness. According to Stocklytics.com, the country ranked first globally in the Government Strategy Index for Artificial Intelligence, boosting a score of 100. This significant achievement places Saudi Arabia at the forefront of global AI leadership, surpassing 60 other evaluated nations. Stocklytics Financial analyst Edith Reads shared her […]
Read MoreThe Nigeria Data Protection Commission (NDPC) given all entities, including businesses, educational institutions, healthcare providers, and other organisations that collect personal data of individuals an ultimatum to register with the NDPC. The Commission in a post on its verified FaceBook page said that the registration is ongoing and mandatory in accordance with Section 5(d) of […]
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