Sterling Bank unveils free banking services for NGOs
Sterling Bank Plc. has unveiled Sterling CARES, a free banking service for non-governmental organisations (NGOs), to empower non-profit organisations across the country. This was disclosed in a statement issued by the Chief Executive Officer of Sterling One Foundation, Mrs. Olapeju Ibekwe, in Lagos on Friday. Ibekwe said the unveiling was in partnership between Sterling One Foundation and the Nigeria Network of...
MTN to offer 14% shares to Nigerian investors
Telecommunications giant, MTN Nigeria, will soon offer 14 per cent of its shares to over two million Nigerian retail investors. The communications giant will also invest more than N600 billion in network infrastructure over the next three years to improve telecommunications services across the country. The Chairman of MTN Nigeria Communications, Dr. Ernest Ndukwe, and Chief Executive Officer of the company,...
NCC frets over telcos’ finances, mulls new capital structure
The Nigerian Communications Commission (NCC) has expressed worry over the financial state of telecommunications companies in the country. According to the Commission, an audit of the financial status of the telcos revealed that some of them are not in good health financially. The audit, which was propelled by the lingering interconnect debt, which the regulator said had risen to N70 billion...
Pantami: Nigeria earned N1.05trn from ICT in 2 years
The Minister of Communications and Digital Economy, Dr. Isa Pantami has said that the Information and Communication Technology sector contributed over N1.05 trillion to the Federal Government’s purse in the last two years. The Minister, who disclosed this while commissioning the 12th batch of the Digital Economy Projects for a Digital Nigeria, said the revenue was generated by the parastatals...
Ericsson: 5G subscriptions near 580m
Subscriptions for the fifth generation (5G) technology have been forecast to exceed 580 million globally by the end of this year. This is according to the latest Ericsson Mobility Report, which revealed that one million 5G subscriptions are being added daily. However, Nigeria, which is considered one of the fastest-growing telecoms markets in the world, may not have a share in...
Nigeria’s indigenous telcos seek 5-year tax holiday
Indigenous telecommunications companies in Nigeria have appealed to the Federal Government to give them tax holidays of up to five years. This, they said, would allow them to compete favourably with bigger players who had enjoyed the same benefits in the past. The operators, who made the appeal at a virtual forum on the National Policy for Promotion of Indigenous Content...
FG moves to tackle cybercrimes in Nigeria
The Federal Government is set to tackle the menace of cybercrimes in Nigeria with the development of a comprehensive National Cybersecurity Policy and Strategy. Implementation of this policy is expected to curb or reduce to the barest minimum the country’s annual loss to cybercrimes, which is estimated to be N127 billion. According to the policy document, Nigerian cyberspace is faced...
Kakao founder becomes richest man in Korea
The founder of South Korean internet giant, Kakao, Kim Beom-su, has become the richest person in the country. His emergence was bolstered by a surge in the company’s shares; it has more than doubled its price this year as people continue to live, work and play online. As of Wednesday, Kakao shares are up about 110% in 2021, adding $5.6 billion to Kim’s net worth since...
FG approves 5G internet connectivity spectrum for Nigeria
The Federal Government has approved the National Policy on Fifth Generation (5G) Network for Nigeria. Dr. Femi Adeluyi, Technical Assistant on Information Technology to the Minister of Communications and Digital Economy, Isa Pantami, made the disclosure on Wednesday in Abuja. Adeluyi said in a statement that the 5G policy implementation would take immediate effect. He explained that the national policy took a...
NITDA trains 178 young Nigerians on robotics, emerging technologies
Nigeria’s Digital literacy has received a boost with the training of 178 young Nigerians in the just concluded 10-Days Stem Bootcamp for Kids (SB4Kids) initiative. The camp which closed on Friday was organised by the National Information Technology Development Agency (NITDA) with the Director-General, Malam Kashifu Inuwa, giving an appraisal in his remarks during the closing ceremony in Abuja. He said...
