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ICT Tech

Robust FinTech critical for deepening financial inclusion in Nigeria – Maida 

Abuja, Nov. 2, 2023 – Dr Aminu Maida, the Executive Vice Chairman and Chief Executive officer (EVC/CEO) of the Nigeria Communications Commission (NCC), has described the Financial Technology (FinTech) industry as a critical driver of financial inclusion of Nigerian citizens living in the underserved and unserved communities across the country. Maida made this known in his keynote address at the 2023 edition of the annual Nigeria Information Technology Reporters Association (NITRA) FinTech Forum which focused on, “Harnessing Nigeria’s Fintech Potential: Challenges and Opportunities” and took place in Lagos recently. The …

ICT Tech

NCC implementing strategies to achieve 70% broadband penetration  

Lagos, Nov. 2, 2023 – The Nigerian Communication Commission (NCC) has started implementing new strategies to meet the new target of 70 per cent broadband penetration in Nigeria by the year 2025. Aminu Maida, the Chief Executive of the NCC, said this at the just concluded 2023 Annual Conference of Nigeria Information Technology Reporters Association (NITRA) in Lagos. He said the new target was contained in the Nigerian National Broadband Plan 2020-2025 and the blueprint just released to facilitate the growth of the digital economy sector through technology. Maida said …

ICT Tech

NCC picks 3 winners in its 2023 Talent Hunt Research competition

Abuja, Oct. 27, 2023 – The Nigeria Communications Commission (NCC) has picked the three winners in its 2023 NCC 2023 Talent Hunt Research Through Hackathon competition. The three winners emerged from the three thematic focus in Blockchain Solution, Renewable Solution and Assistive Solution. In the Blockchain Solution category, Know-Now Limited, emerged winner with N10 million prize. In the Renwable Energy Solutions category, Solaris GreenTech Hub, emerged the winner with N10 million prize. In the Assistive Technology Solutions category, Spex Care Limited, emerged the with N10 million prize. The remaining nine …

ICT Internet Tech

ISSAN Roundtable: Stakeholders make case for “Nigerian Identity System”

Lagos, Oct. 26, 2023 – As the world marks Cybersecurity Awareness Month, stakeholders in the Nigerian cyber space have made a strong case for an Integrated Identity Management System to be called ‘’The Nigerian Identity System”. They said the system should be a platform whereby international passport, phone number, BVN belonging to one individual are grafted onto one composite interconnected file to easily detect and track perpetrators of cybercrime. They also called for regular update of regulatory guidelines and improved collaboration between the financial sector regulators, industry operators and Nigeria …

General News Tech

Electricity: System collapse experienced Thursday – minister

Lagos, Sept. 14, 2023 – Nigeria’s electricity distribution companies reported a total system collapse on Thursday after a fire on a major transmission line, causing widespread blackouts across Africa’s biggest economy, before power slowly started to return. Adebayo Adelabu, the Minister for Power, confirmed that fire had caused an explosion on a transmission line connecting the Kainji and Jebba power plants in north central Niger state, tripping the grid. “The fire has been fully arrested and over half of the connections are now up and the rest will be fully …

ICT Internet

Facebook owner Meta breaks privacy rules, Norway regulator tells court

Oslo, Aug. 23, 2023 – Meta Platforms is breaking European data privacy rules in Norway, the country’s data regulator told a court on Wednesday, in a case that could have wider European implications. Meta has been fined one million crowns ($94,145) per day since Aug. 14 for breaching users’ privacy by harvesting user data and using it to target advertising at them. So-called behavioural advertising is a business model common to Big Tech. The owner of Facebook and Instagram is seeking a temporary injunction against the order which imposes a daily fine for …

ICT Internet Tech

FG is thinking outside the box to create jobs for Nigerians – Shettima

Abuja, Aug. 15, 2023 – The Federal Government is thinking outside the box to create more job openings for Nigerians. Vice President Kashim Shettima said this on Tuesday when he received some executives of Google, a global information company, at the Presidential Villa in Abuja.  He said there was the need to think outside the box to get more job opportunities for Nigerians.  “Let’s think outside the box and create more job opportunities. We need to walk the talk. “It is easy to pontificate, but very difficult to bring all …

Tech

TETfund to assist Jigawa tackle flood menace at state university

Abuja, July 7, 2023 – The Tertiary Education Trust Fund (TETFund) says it will assist the Jigawa State Government in tackling the flood menace ravaging its University of Science and Technology. Mr Sunday Echono, the Executive Secretary of TETFund, made the pledge when Gov. Umar Namadi of Jigawa visited him in Abuja. According to Echono, Jigawa is one of the major frontier states in terms of emerging technology. “In spite of the challenges, Jigawa is resilient in the area of innovation and technology and I think that was why the Federal …

General News ICT Internet Investment

Threads, new Meta app, will attract over 1 billion users – Zuckerberg

Lagos, July 6, 2023 – Musk Zuckerberg, the CEO of Meta, has projected Instagram’s rival app to Twitter, Threads, to hit over one billion users. This came after a Twitter user stressed the need to have a public conversation app with one billion people on it, stating that Twitter has had the opportunity to meet the target. “There should be a public conversation app with 1B+ people on it. Twitter has had the opportunity to do this, but hasn’t nailed it,” the user identified as Seyitaylor tweeted. Responding to the …

Internet Investment

Mobile phone users increase to 233.8m – NCC

Lagos, June 9, 2023 -The number of mobile phone users in Nigeria has increased to 223.8 million as at April 2023, according to the Nigerian Communication Commission (NCC). The NCC also said the number of internet subscribers had risen to 157 million, while broadband subscription stood at 92 million in the same period The NCC gave these statistics in a statement, adding that the telecommunications services sector contributed N2.508 trillion to Nigeria’s Gross Domestic Product (GDP) in the first quarter of 2023. “Telecoms contribution to GDP was calculated from 46 …