E-Commerce

eTranzact Secures License to Operate in Uganda

Nigerian-based payment technology solutions provider eTranzact has officially expanded into Uganda. The company’s expansion comes after receiving operational licenses from the Central Bank of Uganda in April 2024.  eTranzact Uganda’s license The licenses, granted under the National Payment Systems Operator Act, allow the company to operate as eTranzact Platform Limited, Uganda. They permit eTranzact to offer various payment solutions and services, […]

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Technology

Africa Tech Summit to Showcase Six Nigerian Tech Ventures at London Stock Exchange to Mark 8th Anniversary

AMA Press Release The Africa Tech Summit (ATS) London will showcasing six Nigeria startups at the London Stock Exchange when it celebrates its eighth edition, together with other tech ventures in its ATS Investment Showcase 2024. The ATS London Investment Showcase provides ventures with the opportunity to present their businesses to leading African tech investors, […]

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Mrs Tokunbo Ibrahim and Kashifu Inuwa
 Business

Again, NITDA Harps on Quest for Safe & Inclusive Digital Ecosystem

The quest for a safe and inclusive digital ecosystem was a subject of when Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa hosted the Head of Government Regulation and Public Policy TikTok Nigeria and West Africa, Mrs Tokunbo Ibrahim In his chat with her, Inuwa that reiterated the need for a […]

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Ebenezer Olufowose
 News

Hassan-Odukale Exit FirstBank as Chairman After 12 Years as Board Appoints Olufowose

The Board of FirstBank has appointed Mr Ebenezer Olufowose, a Non-Executive Director, as the new Chairman of the Board of Directors of First Bank of Nigeria Limited to takeover from exiting Mr Tunde Hassan-Odukale. This follows the expiration of the tenure of the former Chairman, Mr Tunde Hassan-Odukale who has completed 12 years for a […]

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Business

NESG Faults Introduction of Cybersecurity Levy, Says Nigerians Can’t Feed

The Nigerian Economic Summit Group (NESG) has faulted the timing of the introduction of the 0.5% cybersecurity levy on electronic transactions recently introduced by the Central Bank of Nigeria (CBN). In a statement on Thursday, NESG asked the Federal Government to reconsider the levy as Nigerians are currently groaning under multiple taxation and inflationary pressures. In […]

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Executive Vice Chairman, NCC, Dr. Aminu Maida
 Business

NCC Signs MoU with Nokia to Setup 5G/4G Test Lab & Train Nigerian Youth on Radio, Transmission Technologies

The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijanni, the Executive Vice Chairman and Chief Executive of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, have signed a Memorandum of Understanding (MoU) with Nokia Solutions and Networks Nigeria, to train young Nigerians on latest 4G/ 5G radio and transmission technologies at the Nigerian […]

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News

JUST IN: Nigeria’s Currency Devaluation Hits Airtel Africa Losses Over $4m, Says Only $550m Left for Debt Repayment

Airtel Africa Plc, just like the MTN Group was badly hit by the currency devaluation of the Nigerian Government thereby resulting to losses of up to $4,979 million, which was a decline of  5.3%, and leaving the telecom operator with $550 million for debt payment in May 2024. The Group in its year ended 31 […]

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Business

UK  Government Recounts Impact on Nigeria’s Tech Space with Over $23m Investment, Support for Hubs &Startups  

The UK-Nigeria Tech Hub, launched in 2019, and which is part of the International Tech Hub Network delivered by the Department for Science, Innovation and Technology (DSIT) and the Foreign, Commonwealth and Development Office under the UK Government’s Digital Access Programme (DAP), has recorded massive impact on the Nigeria’s tech space. Besides supporting startups in […]

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Business

CBN Orders Banks to Suspend Charges on Deposits Till September

The Central Bank of Nigeria (CBN) has directed deposit money banks and financial institutions to suspend processing fee on deposits till September 30, 2024. In a circular, the apex bank ordered that financial institutions suspend processing charges imposed on cash deposits above N500,000 for individuals and N3,000,000 for corporates. The circular to deposit money banks […]

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News

NITDA Redefines AI Knowledge Acquisition for Beginners in Hausa

The National Information Technology Development Agency (NITDA) is redefining the acquisition of (AI) Artificial Intelligence knowledge in the Hausa language of northern Nigeria. The Director General of NITDA, Mr kashifu Inuwa was recently represented by Dr. Ahmed Tambuwal, Head of Digital Literacy Division, at the official unveiling of AI learning content in Hausa, held in […]

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