National Commissioner, Dr. Vincent Olatunji,
 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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Economy

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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CBN Governor, Yemi Cardoso
 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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The graduate startups from Founders Institute.
 Business
  • February 27, 2024

Nigeria Needs Game-Changing Legislation to Diversify Economy, Says Inuwa

The 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, […]

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News
  • February 26, 2024

Mobile Industry Invest Over $9bn on ITU’s Universal Connectivity Programme

ITU 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 […]

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Business
  • February 26, 2024

SAP, Cisco, PayPal, and Farfetech Lead Massive Layoff in Tech Industry with Almost 41,800 Jobs Gone

After 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 […]

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Business
  • February 19, 2024

Dangote Cement Trucks Wrongfully Intercepted In Adamawa, Says Dangote Group

The 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 […]

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Dr Bosun Tijani
 News
  • February 19, 2024

We Want to Make Nigeria Exporter of Tech Talents, Says Minister

The 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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