The Nigerian Naira took a significant hit on Monday, losing ₦70.65 in value according to data from the FMDQ Exchange, which regulates the Nigerian Autonomous Foreign Exchange Market (NAFEM). This 4.41% decrease brought the Naira down to ₦1,600 per dollar, from the rate recorded on Friday, October 25. In addition […]
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The Nigerian National Petroleum Company Limited (NNPC) on Tuesday raised the retail price of Premium Motor Spirit (PMS), commonly known as petrol, just weeks after a previous increase. This latest price adjustment has fueled concerns over potential inflation spikes and economic hardship. In Abuja, NNPC outlets raised the price per […]
AfriTECH 4.0, Africa’s leading technology and innovation conference, has unveiled its official sponsors for this year’s event, including QNET as the prestigious Gold Sponsor. Set to take place on November 7, 2024, at Oriental Hotel in Lekki, Lagos, AfriTECH 4.0 will gather top tech leaders, innovators, policymakers, and enthusiasts from […]
PalmPay, Nigeria’s leading fintech platform, was awarded the Most Outstanding Fintech Driving Financial Inclusion at the prestigious BrandCom Awards 2024, held on October 26th. The award, presented by Brand Communicator, celebrates Palmpay’s remarkable contribution to expanding financial inclusion across Nigeria. The recognition from Brand Communicator reflects PalmPay’s commitment to bridging […]
The Nigerian Communications Commission (NCC) has raised serious concerns about the increasing challenges faced by telecom operators due to widespread fibre cuts, equipment theft, and vandalism. These issues are leading to massive financial losses, costing the telecom industry billions of Naira annually. During the launch of the Critical National Information […]
The National Information Technology Development Agency (NITDA) has alerted the public to a new malware threat called CovertCatch, which cybercriminals are using to target LinkedIn users in fields such as defense, media, technology, and academia. These cyber attackers pose as recruiters, enticing LinkedIn job seekers with fake employment offers that […]
The National Agency for Science and Engineering Infrastructure (NASENI) has teamed up with Imose Technologies Ltd, a Nigerian technology company, to produce locally manufactured laptops and tablets aimed at boosting access to affordable technology within the country. These products—14-inch laptops and 10.5-inch tablets under the NASENI brand—align with the agency’s […]
Despite a nationwide strike called by their national bodies, members of the Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union of Educational and Associated Institutions (NASU) at the University of Abuja reported for duty on Monday. The strike, announced to begin on October 28, 2024, is […]
MoMo PSB has announced the launch of its new outbound and inbound remittance service, enabling customers in Nigeria to send money to 13 African countries seamlessly. The service covers destinations such as Benin Republic, Cameroon, Congo Brazzaville, Côte d’Ivoire, Democratic Republic of Congo, Gambia, Liberia, Malawi, Rwanda, Sierra Leone, Togo, […]
The International Finance Corporation (IFC), an affiliate of the World Bank Group, has entered into a strategic partnership with the Central Bank of Nigeria (CBN) to expand access to local currency financing for Nigeria’s private sector. This agreement aims to meet a pressing demand for naira-based funding in sectors pivotal […]