The Central Bank of Nigeria (CBN) has rescinded its directive to banks and other financial institutions to impose a cybersecurity levy on electronic transfers. Initially issued on May 6, the directive required commercial, merchant, non-interest, and payment service banks, as well as mobile money operators and payment service providers, […]
press statement
The Tinubu-led administration has inaugurated the Nigerian Academy for Cultural Studies (NACUS), a specialized institution aimed at fostering innovative studies and the development of Nigeria’s culture and history. A statement released by Caleb Nor, Media Assistant to Executive Secretary/CEO NICO says the academy, accredited by the National Board for Technical […]
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 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 Federal Government has announced a significant increase in electricity tariffs, approved by the Nigeria Electricity Regulatory Commission (NERC). The new tariff, set at ₦225 per kilowatt-hour, marks a threefold increase from the previous rate of ₦66 for customers under the Band A category. Read Also: Federal Government Girls’ College (FGGC) […]
The Association of Licensed Telecoms Operators of Nigeria (ALTON) has announced that some subscribers of the network will be experiencing challenges accessing data services as well as low Internet speed as a result of multiple damage to the international undersea cable across east and west africa coastline. In a statement […]
In response to recent revelations uncovered during a comprehensive investigation into the financial activities of the Rural Electrification Agency (REA), President Bola Tinubu has taken decisive action by approving the indefinite suspension of the Managing Director/CEO of the Rural Electrification Agency (REA), Ahmad Salihijo Ahmad, along with three Executive Directors […]
Organisers of the DISC Forum 2024 say the breakfast programme, holding in Lagos, will spotlight key elements, such as data centres, digital and core infrastructure, investments, cybersecurity, cloud computing, content, satellite technology and Big Data As Nigeria drives towards a robust digital economy, the DISC Forum 2024 has become a pivotal platform […]
GDM Group, a leading marketing and media technology company, and Eko Innovation Centre, a renowned startup accelerator, proudly announce the launch of MarkHack 3.0, themed “BEYOND LIMITS – Unleashing Creativity with Emerging Tech”. This exciting initiative invites innovators, entrepreneurs, and marketing professionals to collaborate and develop groundbreaking solutions for real-time […]
President Bola Tinubu has given his approval for the appointment of new management teams for the Asset Management Corporation of Nigeria (AMCON) and several agencies under the Federal Ministry of Communications and Digital Economy. For AMCON, the newly appointed management team includes Gbenga Alade as Managing Director/CEO, Aminu Ismail as […]