The Central Bank of Nigeria’s (CBN) directive limiting cash disbursement is causing ripples among Point of Sale (POS) agents in Lagos, many of whom are raising withdrawal fees to cope with the changes. The directive, issued on Tuesday, imposes a daily transaction limit of ₦1.2 million for each POS agent […]
Year: 2024
The Nigerian Electricity Regulatory Commission (NERC) has announced the transfer of regulatory oversight for the electricity market in Lagos State to the newly established Lagos State Electricity Regulatory Commission (LASERC). The announcement was made in a statement released on Thursday via X, formerly known as Twitter. This move aligns with […]
The Federal Government has launched a free Artificial Intelligence (AI) Academy aimed at equipping Nigerians with the skills necessary to thrive as digitalisation increasingly shapes industries and economies. This ambitious initiative, spearheaded by the Federal Ministry of Innovation, Science and Technology in collaboration with the Commonwealth Secretariat and Intel Corporation, […]
Karl Toriola, the Chief Executive Officer of MTN Nigeria, has been conferred an honorary doctorate by Obafemi Awolowo University (OAU), Ile-Ife, during its 48th Convocation Ceremony. The university honoured him alongside four distinguished individuals for their exceptional contributions to humanity and society. The other honorees included Senator Oluremi Tinubu, the […]
MTN Nigeria Communications Plc has announced the appointment of three new directors to its Board, effective January 2, 2025. The appointments, disclosed in a regulatory filing to the Nigerian Exchange Limited (NGX), aim to enhance the company’s governance and strategic leadership. The new directors, Mrs. Eyitope Kola-Oyeneyin, Mr. Odumezuo Nwuneli, […]
The Central Bank of Nigeria (CBN) has reaffirmed that the old and redesigned N1000, N500, and N200 banknotes will remain in circulation indefinitely and continue to serve as legal tender alongside the newer versions. In a statement issued by Mrs. Sidi Hakama, Acting Director of Corporate Communications, the CBN emphasized […]
Meta Platforms Ireland Limited (MPIL), a subsidiary of global tech giant Meta, has been fined €251 million by the Irish Data Protection Commission (DPC) for a data breach that exposed sensitive personal information of 29 million Facebook users in 2018. The breach, which Meta reported in September 2018, exploited vulnerabilities […]
The Lagos Waste Management Authority (LAWMA) has commenced a three-day intensive training program for staff members of the Ekiti State Waste Management Authority (EKSWAMA), focusing on professional approaches to modern waste management. The EKSWAMA delegation, led by its Director-General, Mr. Olasunkanmi Onipede, was welcomed by LAWMA’s Managing Director/CEO, Dr. Muyiwa […]
L-R Chief Product Officer, Frank Atashili; Managing Director, Dennis Ajalie and Chief Technology Officer, Emeka Awagu all, from TeamApt Ltd, at the Committee of e-Banking Industry Heads (CeBIH) Conference 2024 which held in Lagos recently TeamApt Ltd’s Managing Director, Dennis Ajalie, has emphasized the complementary roles of fintech companies and banks […]
Sandisk Corporation has unveiled a preview of its reimagined corporate branding and creative direction, setting the stage for its comeback as a standalone leader in Flash and memory technology. The new identity, defined by a “Mindset of Motion,” highlights the company’s forward-looking philosophy as it gears up for a relaunch […]