The Central Bank of Nigeria (CBN) is set to investigate and impose sanctions on Deposit Money Banks (DMBs) suspected of undermining efforts to stabilize the Naira and bolster the national currency. Recent reports have revealed that some banks are engaging in speculative activities, purchasing foreign currency from the Investors […]
The Nigerian federal government has announced a significant change in its approach to issuing visas to foreign travelers. The principle of reciprocity will now be applied, ensuring that countries with strict visa requirements for Nigerians will receive similar treatment when their citizens apply for visas to Nigeria. Olubunmi Tunji-Ojo, […]
As the industry media body, the Nigeria Information Technology Reporters Association (NITRA), prepares for its stakeholders engagement event, the NITRA FINANCIAL TECHNOLOGY (FINTECH) FORUM 2023, Nigeria’s telecommunications regulator, the Nigerian Communications Commission (NCC) has thrown its weight behind the event. The event, which is slated to hold on October 26, […]
Outsized, an independent talent marketplace for firms, has announced the successful completion of its Series A fundraising round. This round was spearheaded by the reputable South African venture capital firm Knife Capital, with additional contributions from several individual investors, including Adrian Durham, the founder of the renowned wealth management […]
In a significant development, the National Agency for Science and Engineering Infrastructure (NASENI) has signed three Memorandum of Understandings (MoUs) with Chinese companies during a ceremony attended by Vice President Kashim Shettima (GCON) at the third Belt and Road Initiative (BRI) Forum in Beijing, China. These projects represent a […]
Endeavor and FMO, the Dutch entrepreneurial development bank, have announced the continuation of the African Agritech Accelerator initiative. This program aims to provide support for a second cohort of early-stage African agritech firms, building upon the successes and insights gained from the first cohort, which ran from February 2022 to […]
The Federal Government has urged the National Broadcasting Commission (NBC) to shift the prevailing perception of the organization solely being associated with penalties and fines. During a recent visit to the commission, Mohammed Idris, the Minister of Information and National Orientation, emphasized the need for the NBC to prioritize […]
The newly appointed Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, recently articulated his dedication to advancing President Bola Ahmed Tinubu’s vision for the digital economy. In an address to the Commission’s Senior Management team, Maida emphasized the necessity of focusing on ensuring affordable and […]
Start-Up Arewa, the pioneering non-profit organization dedicated to empowering and promoting Northern Nigerian tech startups, has announced the Start-Up Arewa Innovation Summit 2023. This much-anticipated event will take place on Friday, October 27th, from 9:00 AM to 5:00 PM at the prestigious NAF Conference Center, Abuja. With the aim […]
Medallion Data Centres Limited, Nigeria’s leading carrier-neutral data center operator, made a significant announcement on Monday, revealing the launch of their second data center, known as “LOS2,” in Lagos, Nigeria’s largest city. This state-of-the-art facility is set to commence its services on October 24th, offering an additional one-megawatt […]
