A recent report has revealed that TikTok removed over 2.1 million videos from its platform in Nigeria during the second quarter of 2024. This move is part of the company’s ongoing efforts to maintain a safe and positive user experience, as outlined in its Q2 2024 Community Guidelines Enforcement Report. …
Read More »Telecom Operators Oppose Proposed 5% Excise Duty
The Association of Licensed Telecom Operators of Nigeria (ALTON) has strongly opposed the government’s proposal to reintroduce a 5% excise duty on telecommunications services. The operators argue that the levy would place an undue burden on subscribers and could disrupt services. In a statement released by ALTON Chairman, Gbenga …
Read More »9PSB CEO, Branka Mracajac Hinges Fintech Success in Nigeria on 3 Pillars
At the 2024 Nigeria Fintech Week held in Lagos, Branka Mracajac, CEO of 9 Payment Service Bank (9PSB), Nigeria’s digital payment service bank, focused on financial inclusion, emphasized the critical importance of innovation, increased investment, regulatory support, and collaboration among stakeholders in driving the growth of Nigeria’s fintech ecosystem. …
Read More »ALX Nigeria Storms Ibadan Tech Expo Ibadan, Oyo State
Africa’s leading tech career accelerator, ALX Africa, successfully engaged with thousands of young and tech enthusiasts at the second edition of the Ibadan Tech Summit. As one of the key sponsors of the event, ALX used the opportunity to connect with the young vibrant audience, sharing insights into their unique …
Read More »NASENI Trains Procurement Officers, Others on Global Best Practices
The National Agency for Science and Engineering Infrastructure (NASENI) is organizing a 3-day procurement in-house training for all procurement and other relevant officers in NASENI system -wide to acquaint them with best procurement operations and in line with global practices. The training will take place at the NASENI Headquarters, beginning …
Read More »Financial Sector Calls for Clarity on ESG, AI Regulatory Guidelines
Businesses say the lack of clarity around ESG and AI regulation is a key challenge to realising the benefits of technology and innovation; Despite recognising the business opportunity with AI, as firms opt to bring in suppliers rather than recruiting in-house specialists, they may be left without the internal talent …
Read More »TD Africa Slashes Price on Ring Security Solutions to Combacts Insecurity
In a bid to help address the rising insecurity in Nigeria, particularly in homes and offices, TD Africa, the authorized distributor of Amazon Ring in Africa, has announced discounted prices on all Ring security products across the country. By this price slash, Nigerians can now have a better control over …
Read More »JAMB to Remit N3.6 Billiom to FG’s to Consolidated Revenue Funds – Reps Orders
The House of Representatives Public Accounts Committee has ordered JAMB to remit N3,602,605,277 to the federal government Consolidated Revenue Fund (CRF). The Committee, chaired by Rep. Bamidele Salam, gave the order during its opening hearing on Monday. The Fiscal Responsibility Commission had dragged JAMB before the Committee over its operating …
Read More »Unity Bank Projects N27 Billion in Q4 Earnings, Targets N4 Billion Profit
Unity Bank Plc has projected gross earnings of N27 billion and a Profit After Tax of N4 billion in Q4, 2024, in its latest earnings forecast released to the Nigerian Exchange Group. Although the projected gross earnings represent a marginal increase from the N26 billion projected for Q3 2024, the …
Read More »Africa’s Data Center Growth Hinges on Collaboration, Says Industry Leader
Dr. Krishnan Ranganath, Regional Executive for West Africa at Africa Data Centres, has issued a call for greater collaboration among industry stakeholders to accelerate the growth of the data center sector in Africa. Speaking at the Hyperscalers Convergence Africa conference, Dr. Ranganath emphasized that a unified approach is crucial to …
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