Identification solutions startup Seamfix, which provides identity creation, verification, and transaction accreditation solutions for large organisations and government agencies, operates primarily, has raised $4.5 million from its first institutional investor, Alitheia IDF, in order to grow its operations outside of Nigeria. This was made known by Chimezie Emewulu, the company’s […]
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The Central Bank of Nigeria (CBN) has instructed banks to cease charging customers for cash deposits until September 30, 2024. Concerns were raised by customers of some Deposit Money Banks regarding the imposition of processing fees for cash deposits starting May 1. These banks had planned to levy two percent […]
The Nigeria Data Protection Commission (NDPC), in collaboration with the Bill & Melinda Gates Foundation and KPMG, is spearheading the development of open banking frameworks to enhance financial inclusion in the country. Read Also: Nigeria Data Protection Commission (NDPC) Examines Alleged Data Breach by GTB and Zenith Bank Dr. Vincent Olatunji, […]
The Nigeria Labour Congress (NLC) strongly denounces the recent directive issued by the Central Bank of Nigeria (CBN) to impose a 0.005 percent Cybersecurity Levy on electronic transfers. This levy, set to be deducted at transaction origination, adds yet another burden to the already strained finances of hardworking Nigerians. The […]
The Central Bank of Nigeria (CBN) has instructed banks operating in the country to commence charging a cybersecurity levy on transactions, according to a circular issued on Monday. The implementation of this levy is set to begin two weeks from the date of the circular. The directive, applicable to all […]
Cloud Network Foundation (CNF) and the Lagos State Government (LASG) are soon to hold a strategic capacity-building workshop for the operators in the media industry. The initiative, the first in a series of other noble plans is designed to engender massive engagements and collaboration with the stakeholders in the media […]
The International Police Organisation (INTERPOL) has appointed Nigerian Police Commissioner Ifeanyi Uche as the Chairman of the African Heads of Cybercrime Units, comprising leaders from 54 nations. Uche, currently serving as the Commissioner of Police overseeing the NPF National Cyber Crime Centre, succeeds Ratjindua Tjivikua of Namibia in this role. […]
Oriki Energy, a social impact startup based in Paris, France, has announced its commitment to supporting the federal government’s efforts to create job opportunities and stimulate economic activities at the grassroots level through a network of profitable solar stations across Nigeria. The company revealed its plan to empower 100 entrepreneurs, […]
In a bid to empower women in Northern Nigeria, a new initiative was launched today, introducing the AI for Beginners Learning Video Series in collaboration with Google, the Kaduna State Government, and Data Science Nigeria. This series, presented in Hausa, aims to make Artificial Intelligence concepts more accessible and culturally […]
In March 2024, Nigeria witnessed a surge in 5G subscriptions, totaling 2.7 million, marking a 1.24% penetration rate, as reported by the Nigerian Communications Commission (NCC). Despite this growth, 2G remains dominant, representing over half (56.97%) of all connections, while 3G holds a 9.04% share, and 4G subscriptions have risen […]