BY CHARLES ABUEDE Experts in the Nigerian debt capital market have harped on the role corporate trustees play in investors’ protection without jeopardising the interest of a bond issuer in capital market debt issuance. Akin Oni, head of trust services at STL Trustees, shared this view in his presentation at a recent webinar organised by […]
CBN invites FinTechs, telcos, tech firms to test sandbox for payment system in Nigeria
By Charles Abuede Says aim is to encourage financial inclusion and improve customer experience The Central Bank of Nigeria (CBN), with a view to increasing the potential for innovative business models that move forward financial inclusion in Nigeria, has outlined the regulatory framework for the operation of the Regulatory Sandbox for the Nigerian payments […]
Telco subscribers’ audit begins with suspension of new SIM card registration
By Charles Abuede Another round of audit of telecommunication companies’ subscribers’ database is about to get into gear with the suspension of registration of new SIM cards by the telcos. The Nigerian Communications Commission (NCC) said that the directive to suspend the registration of new SIM cards by network operators is to embark on […]
Rising ICT tools usage spurs more cybercrime incidence – Abdullahi
By Omobayo Azeez Increasing incidences of cybercrimes being perpetrated in Nigeria is being driven by the rising number of people adopting information and communication technology (ICT) tools on a daily basis. Kashifu Inuwa Abdullahi, the director general of Nigerian Information Technology Development Agency (NITDA), has attributed the two opposite scenarios to lockdown and restrictions caused by Coronavirus […]
NITDA has aided growth of Nigeria’s tech ecosystem — DG, Kashifu Abdullahi
AfCFTA will offer net software export gains KASHIFU INUWA ABDULLAHI is young, and a passionate technology enthusiast, by practice and certifications. He was appointed on August 20, 2019 to head the Nigerian Information Technology Development Agency (NITDA). All of nearly 12 months have passed like a flash. As Director-General of NITDA, ABDULLAHI gives what can […]
ISPs, VAS operators, others bear COVID-19 brunt as telcos flourish
Experts rally support for ailing IT players By Omobayo Azeez In the wake of the Coronavirus pandemic, the Nigerian telecoms industry has produced both gainers and losers among operators, Business A.M. has gathered. However, the loud cheering noise from the gainers’ camp has overwhelmed the groans of those belonging to the other side of the […]
Nigeria Oil and Gas: Impact of Oil Price Volatility and COVID-19
By Tina Blazquez-Lopez, BCLP Counsel in Dubai Nigeria is the largest oil producer in Africa and the sixth-largest oil-producing country in the world. Although the oil and gas sector accounts for a modest 10% (approx.) of GDP, the upstream oil industry accounts for more than 90% of the country’s exports and 80% of the government’s revenue. […]
Lagos distributes free phones to pupils to bridge digital divide
Closure of Nigeria’s schools during lockdown has hit access to learning for poorer children Like millions of other children in the sprawling Nigerian city of Lagos, 15-year-old Sharifa Umar switched from classroom learning to lessons over radio, TV and the internet when schools were closed in March because of the coronavirus outbreak. Programmes set up […]
Nigeria’s mobile phone market dips 12.5% in Q1 on Covid-19 concerns
By Omobayo Azeez Nigeria’s feature phone shipment market suffered a 12.5 per cent quarter-on-quarter decline in the first quarter of 2020 owing to the impact of the coronavirus pandemic, latest data from the International Data Corporation (IDC), global technology and consulting services firm, have shown. IDC’s Worldwide Mobile Phone Tracker also shows that smartphone shipments […]
COVID: A4AI asks Nigeria, others to relax telecoms taxes
By Omobayo Azeez Alliance for Affordable Internet (A4AI), a global coalition for the internet, has urged the Nigerian government and those of other developing countries to remove all taxes associated with telecommunications services. The body described this as imperative for the people to afford the services during this COVID- 19 crisis period and beyond. It […]