The Bank of Ghana has suspended the foreign exchange trading licences of two Nigerian-owned banks operating in the neighbouring West African nation-Guaranty Trust Bank and First Bank — over “fraudulent documentation” in their forex operations. In a statement, the Ghanaian regulator said the suspension will become effective from March 18, 2024, for one month. “Bank […]
Read MoreMaking a case for gas development in Nigeria, Seplat Energy Plc, a lNigerian independent energy company, said gas development is a clear solution to Nigeria’s immediate problems and remains a longer-term transition fuel. The Director New Energy at Seplat Energy, Mr. Effiong Okon, said this whilst delivering Keynote during the Gas Stakeholders Conversation panel session […]
Read MoreThe Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change Operators, accusing the affected institutions of failing to observe regulatory provisions. The apex in a statement on Friday by the bank’s Acting Director, Corporate Communications, Sidi Ali Hakama, said . the move is part of efforts to restore confidence in […]
Read MoreThe National Commissioner/CEO, Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji, has expressed concern over the poor level of data protection compliance in Nigeria’s oil and gas sector. Olatunji who was on a courtesy visit to the Director General/CEO, National Oil Spill Detection and Response Agency (NOSDRA), Mr Idris Musa with some members of the […]
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The Office of the National Security Adviser, is expected to invite and quiz executives from other cryptocurrency platforms in the country, Channels TV has gathered, a day after two executives of Binance were held and questioned by the NSA’s office. On Wednesday, the Financial Times reported that two senior executives of Binance had been detained […]
Read MoreThe National Information Technology Development Agency (NITDA), needs relevant stakeholders to collaborate in leveraging this game-changing legislation to diversify the economy and create opportunities for indigenous tech innovation enterprises. According to the Director General of NITDA, Kashifu Inuwa, the Agency is in search for local partners for its Founder Institute (FI) 2023 Startup Accelerator Programme, […]
Read MoreITU Secretary-General Doreen Bogdan-Martin said over $9 billion in investment commitments was received mobile operator groups to extend global connectivity. The announcement, made at Mobile World Congress (MWC), builds on the mobile industry’s strong support to ITU’s efforts to connect the world. Alongside the new commitments, the UN Digital Agency also announced that it now […]
Read MoreAfter a shocking number of job cuts in 2023, the worst year the tech industry has ever seen, the massive wave of layoffs continues this year. Although the tech giants have weathered the crises and come out the other side relatively unharmed, many have continued cutting their staff numbers in the last two months. According […]
Read MoreThe management of Dangote Cement Plc has stated that two of its trucks that were wrongly intercepted in Adamawa State have been released. The company stated the two trucks loaded with 900 bags of cement each from the Obajana Cement Plant were on their way to Jamtari, Maiha Local Government, Adamawa State, based on a […]
Read MoreThe overall target of one of the flagship programmes of the Ministry of Communication, Innovation and Digital Economy is to create jobs for the teeming Nigerian youths. The Minister, Dr Bosun Tijani, said that the programme which is geared towards training three million technical talents in four years, is to make Nigeria a net exporter […]
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