As part of an initiative and efforts to promote sustainable energy solutions and reduce carbon emissions in the country, Oando, a leading energy company in Nigeria, has announced plans to deploy 5,000 electric buses for public transportation in Lagos. During an interview with CNBC Africa, at the just concluded World […]
Telecoms
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has expressed deep concerns over the recent amendments to the Financial Reporting Council of Nigeria (FRCN) Act, stating that the new payment structure for annual returns is detrimental to businesses and could discourage investment in the country. In a formal letter […]
Nigeria is set to launch its first artificial intelligence-focused university in Epe, Lagos, a significant milestone in the Africa’s tech landscape. The university, named Wini University, aims to equip Nigerian youths with cutting-edge AI skills, positioning the country as a major player in the global AI market, projected to reach […]
The Federal Government of Nigeria through the National Orientation Agency (NOA) has announced key details of Nigeria’s new General Multipurpose National Identity Card (GMPC) an innovative card designed to consolidate identification documents, improve financial accessibility, and streamline government and private sector services for Nigerian citizens. This was revealed in a […]
The United States, home to many of the world’s most advanced artificial intelligence (AI) models, is now without formal guidelines for AI development after President Donald Trump rescinded the AI safety framework introduced by former President Joe Biden. The framework, which was enacted in October 2023, sought to protect consumer […]
Mark Zuckerberg, CEO of Meta, has made a bold statement about the future of software engineering, stating that artificial intelligence (AI) will replace mid-level software engineers at his company this year, 2025. In a recent interview on the Joe Rogan Experience podcast, Zuckerberg revealed that Meta is developing an AI […]
Ahmad Farroukh, CEO of Nigeria’s indigenous telecom giant Globacom, has resigned just one month into his tenure, due to what insiders describe as challenges within the company’s organizational structure. Farroukh, a seasoned executive with experience at MTN and Smile Communications, was appointed in October 2024 to lead Globacom’s overhaul efforts […]
Ahmad Farroukh, appointed CEO of Nigerian telecom giant Globacom in October 2024, has resigned after only one month in the role, sources familiar with the situation confirmed. While Globacom has yet to release an official statement or notify employees internally, insiders attribute the sudden departure to unresolved challenges within the […]
The Nigerian Communications Commission (NCC) has approved a tariff increase of up to 50% for telecommunications operators in Nigeria. The adjustment comes in response to rising operational costs and evolving market conditions, marking the first tariff review since 2013. The decision, made under the powers granted to the NCC by […]
The Central Bank of Nigeria (CBN) has imposed fines totaling N1.35 billion on nine commercial banks, including First Bank, Union Bank, and seven others, for failing to ensure cash availability via Automated Teller Machines (ATMs) during the festive season. Each of the affected banks which includes: Fidelity Bank Plc, First […]
