The Central Bank of Nigeria (CBN) has announced the imminent resumption of new customer enrollment for mobile money operators, including prominent fintech firms such as OPay, Palmpay, Kuda Bank, and Moniepoint. CBN Governor Olayemi Cardoso disclosed this during the 295th Monetary Policy Committee (MPC) meeting held in Abuja on Tuesday. […]
Month: May 2024
Nollywood actor Yul Edochie recently addressed his absence at the burial of his late colleague, Junior Pope, breaking his silence on the matter. Edochie cited betrayal by the late movie producer as the reason behind his decision. Taking to his social media platform on Tuesday, Edochie, who also identifies as […]
The Association of Telecommunication Companies of Nigeria (ATCON) has underscored the issue of fibre cuts as a significant impediment to the growth of Nigeria’s telecom sector. This concern is compounded by the disruption of submarine fibre cables, prompting ATCON to express its commitment to implementing strategic measures to address these […]
The Monetary Policy Committee decided to increase interest rates by 150 basis points, raising them from 24.75% to 26.25%. This move, albeit moderate, contrasts with the more aggressive rate hikes witnessed in February and March. The decision reflects a consensus that additional time is required for the earlier rate adjustments […]
Copilot+ PCs are the fastest and most secure Windows PCs ever built, featuring powerful new silicon, all-day battery life, and access to cutting-edge AI models. Benchmark tests reveal Copilot+ PCs outperform previous Windows machines, delivering up to 20x faster performance for AI workloads and up to 100x greater efficiency in […]
A Federal High Court in Lagos has placed blogger Chizorom Harrison Ofoegbu under detention due to accusations of cyberstalking and defaming Zion Movement Outreach Ministry spiritual director Evangelist Ebuka Obi. The presiding judge, Justice Akintayo Aluko, ordered the remand of the blogger, after he pleaded not guilty to the three […]
In a testament to the ever-growing allure of cryptocurrency ventures, funding for crypto startups has skyrocketed for the second consecutive quarter, reaching an impressive $2.4 billion in the initial three months of 2024, according to data from Pitchbook. This surge comes amidst heightened investor optimism buoyed by anticipated decreases in […]
Nigeria’s central bank has reversed its decision to implement a contentious 0.5% cybersecurity levy on electronic transfers just three days prior to its scheduled enforcement. The revision comes following an amendment to the Cybersecurity Act in 2024, which expanded the levy’s coverage to include fintechs, payment service providers, and other […]
NDLEA spokesman Femi Babafemi announced in a statement released on Sunday in Abuja, that the agency has declared a couple wanted following the arrest of four syndicate members in Lagos. Babafemi also reported the seizure of a Sports Utility Vehicle and the sealing of two houses traced to the couple, […]
Former Speaker of the Edo State House of Assembly, Hon. Francis Okiye, former governorship aspirant Hon. Felix Akhabue, and former Deputy Chief of Staff, Office of the Deputy Governor, Hon. Kingsley Ehigiamusoe, along with thousands of their supporters, rejoined the All Progressives Congress (APC) at a rally in Uromi, Esan […]