The WORLD BANK has sanctioned SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions company, and its Managing Director, Mr Isah Kantigi, for alleged corrupt practices. The…
Category: Technology
CBN Minimizes ATM Charges, Inter-bank Transfer Fees
ATM withdrawal charges and inter-bank transfer fees have been reduced by The Central Bank of Nigeria (CBN). This was announced after the Central Bank of Nigeria (CBN) issued a downward…
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 union also accused the government of wasting…
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 is according…
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, is taking place…
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 disclosed in regulatory filings on…
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. Osita Nwanisobi, spokesperson of the apex bank, gave…
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 network. The new handle comes as…
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 Director for Nigeria,…
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 everything they have said so…