The National Identity Management Commission (NIMC) has closed its headquarters in Abuja against all National Identity Number (NIN) enrolment activities. The move is not unconnected to discouraging large gatherings at the centre amid the second wave of the coronavirus pandemic. According to NIMC Spokesman, Kayode Adegoke, the Minister of Communications …

Dubbed Nigeria’s most innovative and customer-centric telecommunications company, 9mobile, has announced a new Chief Technical Officer (CTO), Deputy Chief Technical Officer, and Director of Strategy within its Senior Management team. Juergen Peschel has been appointed as the New CTO, Baqi Salihu, Deputy CTO, and Karn Gulati as Director of Strategy. …

The Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami has approved the setting up of a National Identity Number (NIN) enrolment centre at the Federal Ministry of Foreign Affairs. The desk will be set up by Tuesday, 19th of January, 2021. This enrolment centre will provide support …

Fitch Ratings has predicted that Nigeria’s external reserves would rise to $42 billion in 2021, higher than the $35.374 billion it stood at the end of 2020. This is according to figures obtained from the website of the Central Bank of Nigeria (CBN). In a report titled, “Depreciatory Pressures on …

Investors in the Nigerian capital market have raked in N552 billion in profit at the end of the second trading week of the year ended Friday 15 January, 2021 which closed in the green territory. The gain recorded after the weekly five trading sessions was driven by improved transactions at …

Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings …

Samsung Electronics Vice Chairman Lee Jae-yong on Monday appeared for a verdict over a bribery scandal. According to a news agency, Samsung heir Lee Jae-yong was jailed for 2.5 years over his bribery corruption scandal. Lee was earlier sentenced to five years in jail in the bribery case; however, an …

Ecobank Nigeria says it is partnering Ultima Studios on the Lions’ Den TV reality show to further its aspiration to support entrepreneurs who have good business ideas but need to raise funds for advancement. Ecobank Nigeria Managing Director, Patrick Akinwuntan who stated this in Lagos reiterated Ecobank’s commitment to be …

Microsoft is joining forces with tech companies and health organizations to begin development of a digital COVID-19 vaccination passport. The digital vaccination passport will be made available worldwide and could become a new standard for international travel in the post-pandemic world. The Vaccination Credential Initiative (VCI) is a coalition of leading tech …

The International Monetary Fund has said close to 80 per cent of the world’s central banks are either not allowed to issue a digital currency under their existing laws, or the legal framework is not clear. A recent survey conducted by the organisation reviewing the central bank laws of 174 …