The Managing Director of PalmPay, Chika Nwosu, has highlighted smartphone penetration, improved internet connectivity, and technological innovation as pivotal factors for expanding mobile money access in Nigeria. Speaking during a media engagement at the company’s Lagos headquarters on Friday, January 2025, Nwosu noted that Nigeria’s smartphone penetration is projected to […]
The Nigerian Communications Commission (NCC) has approved the disconnection of nine banks from the Unstructured Supplementary Service Data (USSD) platform over unresolved debts owed to Mobile Network Operators (MNOs). In a statement released by the NCC’s Director of Public Affairs, Mr. Reuben Mouka, the affected banks were given until Monday, […]
The federal government is set to introduce a landmark legislation aimed at safeguarding the telecommunications industry and accelerating the growth of Nigeria’s digital economy. Bosun Tijani, the Minister of Communications and Digital Economy, disclosed this during an interview on Prime Time with Arise Television on Thursday night. He revealed that […]
The Glo Festival of Joy promo continues to thrill subscribers across Nigeria, with another successful draw held in Abuja on Friday, January 17, 2025. The event, which took place at the Gloworld store on Aminu Kano Crescent, Wuse, is part of Globacom’s annual tradition of rewarding and exciting its customers […]
The Nigerian government, in collaboration with the National Information Technology Development Agency (NITDA) and the Nigerian Financial Intelligence Unit (NFIU), has launched a groundbreaking initiative aimed at ensuring the country’s removal from the Financial Action Task Force (FATF) Grey List by May 2025. This move follows a directive from President […]
The United States Supreme Court has ruled unanimously (9-0) to enforce a ban on TikTok starting Sunday unless its Chinese parent company, ByteDance, sells the platform. The ruling comes amidst national security concerns raised by US officials over data privacy and potential access by the Chinese government. However, President Joe […]
MTN Nigeria has achieved a historic milestone by becoming the first Nigerian organisation, the first company in the telecommunications industry, and the first within the MTN Group to earn the Compliance Management System (CMS) certification from the International Accreditation Service (IAS). This globally recognised certification affirms MTN Nigeria’s commitment to […]
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 […]
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 […]