The Central Bank of Nigeria (CBN) has revoked its cybersecurity levy order, three days before its implementation. On May 6, 2024, the CBN issued a circular directing all commercial banks and payment service providers to implement a compulsory withdrawal of 0.05% cybersecurity levy on all electronic transactions. This was in accordance with the Cybercrime Prevention and Prohibition Amendment Act of …
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Long-term financial planning goes beyond mere budgeting; it’s a strategic roadmap that helps companies like MTN Nigeria prepare for unforeseen challenges and capitalize on opportunities. By establishing a solid financial foundation, the company can enhance its ability to weather economic uncertainties and maintain financial health over the long run. A crucial aspect of long-term financial planning is the integration of …
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Two senior executives at Binance, the world’s largest exchange have been detained in Nigeria, per a Financial Times report. Citing people familiar with the matter, the report says the executives flew to Nigeria following the country’s decision to ban several cryptocurrency trading websites last week. However, they have been detained by the office of Nigeria’s national security adviser and their …
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iPhone X 10 (iPhone 10) Specifications and Price in Nigeria iPhone X Apple launched the iPhone X (iPhone 10) to celebrate its 10th anniversary. The phone isn’t pronounced as “iPhone X” actually but “iPhone Ten“. It’s a special edition from the top mobile phone brand to complement the release of iPhone 8 and 8 Plus. The iPhone 10 is made from surgical-grade stainless steel, …
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Itel Power Pro P41 Specifications and Price in Nigeria Itel Mobile is known for making pocket friendly smartphones that any person can afford hence the specs are most times not up to date with the trends and what people are looking for at the moment. This time around, the company launched the iTel Power Pro P41, a cheap 4G LTE phone running on Android 7.0 …
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Every telecommunication network in Nigeria has become a norm to remind its customers about linking their National Identification Number (NIN) to their phone number to avoid disconnection by the network provider. This has made people rush to do this due diligence to avoid being disconnected. But as new mobile users join the communication landscape in Nigeria, you may need to …
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The House of Representatives is planning to enact laws that would regulate use of Artificial Intelligence (AI) in the Nigeria. Speaker, Tajudeen Abbas disclosed on Monday. that this move was to guide against abuse such as identity theft. Abbas, who made the disclosure at the 7th Convocation Ceremony organised by the National Institute For Legislative And Democratic Studies in collaboration …
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Lagos and Kano have been listed as the top two states from which the highest number of beneficiaries will be selected in the ongoing applications for the Federal Government’s 3 Million Technical Talent (3MTT) program. According to the implementation plan released by the Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, in phase one of the program targeting …
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Nigeria has been admitted as a member of the Global Privacy Assembly (GPA) in recognition of its efforts in data privacy and protection. The key consideration for the membership was the enactment of a data protection law, that is the Nigeria Data Protection Act (NDPA), which was signed into law by President Bola Tinubu in June this year. Similarly, the …
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Nigeria has a history of online censorship and according to Freedom House, the country’s digital surveillance apparatus has repeatedly has been used to locate and arrest journalists. Of course, there are plenty of other reasons to use a Virtual Private Network (VPN) in Nigeria: you might just want to stay safe on public wi-fi networks or access streaming platforms from …
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Nigeria’s financial regulator, thе SEC, banned thе wrong Binance lаѕt week. Hоw wаѕ thе entity registered withоut аnу connection with thе global crypto company? Lаѕt week, Nigeria’s Securities аnd Exchange Commission (SEC) directed Binance Nigeria Limited (BNL) tо immediately stop soliciting Nigerian investors in аnу fоrm whatsoever. Aссоrding tо itѕ circular, thе financial regulator ѕаid thе entity “is nеithеr registered …
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Alat, Nigeria’s firѕt digital bank, hаѕ leveraged thе country’s recently unified exchange rate tо reverse a policy оn Naira cards thаt limited international spending. On Friday, Alat, thе first-of-its-kind digital bank in Nigeria, announced tо itѕ customers thаt thеу соuld nоw uѕе thеir naira cards tо spend uр tо $500 monthly оn international transactions. Thiѕ nеw development соmеѕ еxасtlу a …
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Nigerian startup, Korfaw Industries, hаѕ announced launching аn emergency арр called NauNau SOS. Thе startup made thе announcement in a press release signed bу CEO Kaosarat Fawehinmi, аѕ ѕееn bу Ripples Nigeria оn Wednesday, Mау 24, 2023. Ripples Nigeria gathered thаt thе Startup аllоwѕ users tо send аn SOS tо fivе pre-selected contacts аlоng with a 15-second video, GPS location …
Read More »The European Union on Tuesday released a list of 19 companies that will be placed under stricter regulatory control through its Digital Service Act (DSA). The companies, including Facebook, Twitter, and 17 others, are classified as very large online platforms (VLOPs) or very large online search engines (VLOSEs) and will now be placed under closer monitoring by EU regulators. Other …
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The Nigerian telecommunications sector has become an area of priority to the government of Nigeria as it is a key driver of digital economic growth. The sector accounted for 15% of Nigeria’s real GDP in the second quarter of 2022. For the full year of 2021, the sector accounted for 12.6% of the economy Just like every other sector, the …
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