Commercial, merchant, and non-interest banks operating across Nigeria shut down a net total of 476 physical branches and cash centers between 2022 and 2025, shrinking their physical operational footprints by 8.8% over the three-year evaluation period. This significant structural contraction occurred despite a net increase in the overall number of […]
The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have officially endorsed the Initial Public Offering (IPO) of the Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise. The two apex capital market bodies have described the multi-trillion naira public share sale as a […]
Nigeria is positioning its rapidly expanding digital economy as a major investment opportunity by moving beyond traditional regulation to actively create the conditions for private capital to flow into cloud computing, data centres, connectivity and other critical digital infrastructure. The Director-General of the National Information Technology Development Agency (NITDA), Kashifu […]
Nigeria is seeking to transform its rapidly expanding digital economy into a major investment opportunity for data centres, cloud computing and other critical digital infrastructure, as the Federal Government moves to create the policy and security environment needed to attract the next generation of technology capital. The Director-General of the […]
Nigeria is positioning itself to become a major cloud computing and digital infrastructure hub in Africa by leveraging billions of naira in public-sector technology spending to stimulate domestic investment and build a stronger home-grown cloud ecosystem. The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, disclosed […]
The Nigerian Communications Commission (NCC) is strengthening its oversight of communications devices in Nigeria through a technology-enabled framework designed to improve compliance with its Type Approval requirements for SIM-enabled devices. The initiative is aimed at ensuring that communications devices imported, distributed, sold and used in Nigeria meet applicable technical and […]
8,526 Network Sites Deployed as NCC Moves to Boost Connectivity, Digital Trust and Consumer Protection The Board of the Nigerian Communications Commission (NCC) has reaffirmed its commitment to strengthening Nigeria’s telecommunications sector, improving network resilience, expanding digital inclusion and protecting the integrity of the country’s rapidly evolving digital ecosystem. The […]
The Nigeria Data Protection Commission (NDPC) has started a full investigation into the University of Lagos (UNILAG), Lotus Bank, and Hackerbella Ltd. This action follows serious complaints from the public claiming that students’ personal information was used to open bank accounts without their consent or any legal approval. […]
Operatives of the Nigerian Navy assigned to the Onitsha Naval Outpost have apprehended two male suspects, including an individual attempting to impersonate a naval officer and an alleged armed robber, during targeted security operations conducted along the Awkuzu security axis in Oyi Local Government Area of Anambra State. The official […]
The National Drug Law Enforcement Agency (NDLEA) has apprehended a convicted cocaine dealer who attempted to evade law enforcement by operating under a false identity and running a legitimate business cover. Simultaneously, agency officers across multiple state commands intercepted several large-scale illicit drug consignments, including a 20,000-liter fuel tanker outfitted […]
