The Central Bank of Nigeria (CBN) has levied significant fines on nine Deposit Money Banks (DMBs) for failing to provide Naira notes through automated teller machines (ATMs) during the holiday season. In a statement, the apex bank underscored that this enforcement action aims to uphold its strict policy against cash […]
Month: January 2025
The National Assembly has established a new revenue collection target of ₦25 trillion for the Federal Inland Revenue Service (FIRS) in 2025. This decision follows revelations by FIRS Chairman Zacch Adedeji that the agency exceeded its ₦19.4 trillion target for 2024, as set in the Appropriation Act. During a presentation […]
Nigeria’s inflation rate climbed to 34.80% in December 2024, marking a slight increase of 0.20 percentage points from November’s 34.60%, according to the latest National Bureau of Statistics (NBS) report. The rise, attributed to heightened festive season demand, highlights ongoing economic challenges, including currency depreciation, high energy costs, and supply […]
The Nigerian Communications Commission (NCC) and the Federal Competition and Consumer Protection Commission (FCCPC) have signed a Memorandum of Understanding (MoU) aimed at bolstering consumer protection and ensuring fair competition within Nigeria’s telecommunications sector. The agreement was formalized on January 14, 2025, during a ceremony held in Abuja. Dr. Aminu […]
The Nigerian Communications Commission (NCC) has announced its approval for Mobile Network Operators (MNOs) to disconnect Unstructured Supplementary Service Data (USSD) codes assigned to financial institutions with outstanding debts. The disconnection will take effect if the institutions fail to settle their overdue invoices by Monday, January 27, 2025. The Commission […]
The Distance Learning Institute (DLI) at the University of Lagos recently marked the achievements of its students during the convocation ceremony for the 2023/2024 academic session, held at the university’s campus. A key highlight of the event was the recognition of Ms. Innocent Faith Edewede from the Department of Management […]
The Federal Government has inaugurated a digital literacy training programme aimed at equipping federal civil servants with the skills to leverage digital technologies for enhanced productivity and efficiency. The initiative, a joint effort between the National Information Technology Development Agency (NITDA) and the Office of the Head of Civil Service […]
MTN Nigeria has set a groundbreaking record as the first Nigerian organization, the first telecommunications company, and the first entity within the MTN Group to achieve the prestigious Compliance Management System (CMS) certification from the International Accreditation Service (IAS). This internationally recognized certification underscores MTN Nigeria’s dedication to upholding world-class […]
Sub-Saharan African countries incurred a loss of $1.56 billion due to government-imposed internet shutdowns in 2024, according to a report by Top10VPN, an international VPN review website. This accounts for 19% of the global $7.69 billion lost to internet disruptions and marks a 10% decrease from the $1.74 billion recorded […]
Members of the Lagos State House of Assembly have impeached Speaker Mudashiru Obasa over allegations of abuse of office and gross misconduct. The impeachment, which took place during a plenary session, marks a significant shake-up in the leadership of the legislative arm of the Lagos State government. Following Obasa’s removal, […]