Business

NCC, Swedish Government Mulls Partnership on Capacity Building & Skills Development

The 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 […]

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Business

CEOs, Top Government Executives & Influential Industry Leaders Set to Leapfrog Nigeria’s Digital Economy

Chief 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 […]

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News

Nigeria’s Fintech PalmPay Launches Two New Products, Set to Revive Savings Culture

Africa-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 […]

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Business

NDPC Tightens Regulatory Policy, Signs MoU with NLRC and SMEDAN

The 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, […]

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AI & Computing

Saudi Arabia Emerges World’s Most AI-Ready Government with 100 % Score 

Saudi 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 […]

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Business

NDPC Gives Organisations Collecting Personal Data of  Nigerians Three Months to Register or Risk Stiff Penalties

The 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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Business

Why Ghana Apex Bank Revoked FX License of GTB & First Bank

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 […]

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Business

Gas is Nigeria’s Logical Transition Fuel, Says Seplat Energy

Making 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 […]

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Business

JUST IN: Nigeria’s Apex Bank Revokes Licenses of 4,173 Bureaux De Change Operators to Restore Confidence of Naira 

The 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 […]

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Technology

NDPC Laments Poor Data Protection Compliance Level in Nigeria’s Oil & Gas Sector

The 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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