The Lagos Chamber of Commerce and Industry (LCCI) yesterday warned that the proposed rebasing of the country’s Gross Domestic Product (GDP) should not be an excuse to take more loans. LCCI President, Mr. Gabriel Idahosa spoke in Lagos at the 2025 Economic Review and Outlook Conference organised by the chamber. …

The Nigerian Communications Satellite (NigComSat) Ltd, has begun collaboration with a global satellite communications firm, Eutelsat, to deliver Low Earth Orbit (LEO) Satellite services in Nigeria.   The authorities of NigComSat described the partnership as a multi-year and multi-million- dollar collaboration capable of providing wide range services to various sectors of the economy. …

Mexican telecoms regulator, the Federal Telecommunications Institute (FTI), has cancelled the auction for 5G spectrum that was scheduled for this month. In a translated statement, the regulator revealed that on January 2, it received a request from the Digital Transformation and Telecommunications Agency, the federal branch responsible for developing the …

ALX Africa is arguably one of the world’s biggest accelerators for high-quality tech and entrepreneurial skill programs at a low cost and immense scale. Present physically in 8 markets, including Nigeria, the country team’s performance this 2024 has brought a fresh example to the concept ‘Naija no dey carry last.’ …

…Says Broadband Expansion and Digital Pakistan Vision Threatened   Pakistan’s broadband expansion efforts are facing a new challenge: a 300 percent price hike for fiber broadband routers. The Telecom Operators Association (TOA) has kicked against this move, saying the increase threatens and could jeopardise the country’s Digital Pakistan Vision. In …

The Federal Government has signaled its intention to approve a tariff adjustment for telecommunications services, but has firmly rejected the 100% increase sought by telecom operators. The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, revealed that the government is considering a more moderate increase, ranging between 30% and …

…Key to Boost Investor Confidence, Drive Economic Growth   Nigeria’s economic landscape is poised for a significant transformation in 2025, driven by the planned rebasing of the nation’s Gross Domestic Product (GDP), according to Dr. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms. Speaking at …

The Nigerian Communications Commission (NCC) has announced its decision to disconnect Unstructured Supplementary Service Data (USSD) services from nine financial institutions due to outstanding debts owed to Mobile Network Operators (MNOs). This action follows the failure of these institutions to settle their outstanding invoices by the deadline of Monday, January …

First Bank of Nigeria Limited (FirstBank) has issued a statement clarifying recent media reports concerning a commercial transaction with General Hydrocarbons Limited (GHL), which is currently the subject of litigation. The bank aims to correct what it describes as “false narratives” and reassure customers of its commitment to sound banking …

A new global survey from Ipsos and Google reveals that attitudes towards artificial intelligence (AI) are trending positive as its use becomes more widespread. The study, “Our Life with AI: From innovation to application,” surveyed 21,000 people across 21 countries, finding that global AI usage has jumped to 48% and …