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Category: Technology

TUC to FG — Fix moribund refineries before removing subsidy on petrol

The Trade Union Congress (TUC) has called on the federal government to fix the country’s moribund refineries before ending petrol subsidy payments.     The...

Nigeria loses N630.57bn to Twitter ban – Netblocks

Nigeria lost a whopping N630.57 billion in seven months of ban on Twitter operations in the country just as US, UK, EU welcome its return to Nigeria.     This...

One bidder drops out as 5G spectrum price crosses $275m at round 11

One of the three bidders has dropped out of the bidding processes as the 5G spectrum reached $275,904,886.25 at round 11. The process, which has entered the next stage,...

Telecommunications To Operate Payment Service Bank As Airtel, MTN Get Approval

MTN Nigeria and Airtel Africa Plc have received approval in principle to operate a payment service bank (PSB) in the country.     The two leading telcos...

CBN: We expect minor challenges — but eNaira is secure, dependable, and restored

The Central Bank of Nigeria (CBN) has assured Nigerians that its newly launched digital currency, eNaira, is secure and dependable despite challenges.    ...

Meta: Facebook changes its company name

The Facebook boss, Mark Zuckerberg on Thursday announced the parent company’s name is being changed to “Meta” to represent a future beyond just its troubled social...

World Bank disagrees with CBN on multiple exchange rates, others

The World Bank has said it disagrees with the Central Bank of Nigeria on how it is going about to achieve its price stabilisation objective.     The Country...

What exactly will eNaira achieve, question addressed

Months after the Nigerian digital currency, the eNaira, was announced, they still have not told us what exactly it can achieve that is not already possible. From...

Cryptocurrency: Luno resumes naira deposit, withdrawal for Nigerians

  Nigerians trading cryptocurrency on Luno will be able to deposit and withdraw in local currency from November, the trading platform said on Monday.  ...

Nigeria makes history in Africa as eNaira kicks off

Nigeria makes history today as it becomes the first African country to digitise its currency, an exercise the Central Bank of Nigeria (CBN) has described as “one of...