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Card payment fastest growing transaction system since 2010—CBN

CBN Godwin-Emefiele

The Director, Banking and Payments System Department of the Central Bank of Nigeria (CBN), Mr. Dipo Fatokun has opened up, revealing that transactions and payments conducted on cards have become the fastest growing payments instrument since 2010. Speaking at forum recently on the scorecard of e-payment system in the country and efforts of his department to deepen e-payment culture, he ...

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MTN Ghana injects $144.5m to expand network, operations

MTN Nigeria 44

Ghanaian arm of the leading continental telecoms conglomerate, MTN Ghana, has hinted that it is investing a total of US$144.5 million to expand its operations in the country, to improve the quality of its services. This was made public by the Corporate Services Executive of the Company, Ms. Cynthia Lumor, saying the aim is to increase network availability and modernization, ...

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NITDA absolves self from Omatek collapse, says it never contacted agency

NITDA Boss Pantami

The Director General of the Nigerian Information Technology Development Agency (NITDA), Dr. Isah Pantami on Monday, swiftly reacted to Business Hilights lead story on ICT Category captioned: ‘NITDA would have done to Omatek, what NCC did to Etisalat—-Analysts’, saying “ “This is the first time, I heard the condition of Omatek Computers. It has never been communicated to us, formally ...

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Nigerian made over-speed alert device to save lives, N1.2tn yearly—Minister

Ogbonnaya Onu

Figures from the Federal Road Safety Corps (FRSC) on accidents on Nigerian roads in the last 10 years have shown that over speeding is linked to not less than 85 per cent of road crashes. But the narrative is set to change as the Federal Government is investing in a new over-speeding alert device to not only save about N1.2 ...

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NITDA would have done to Omatek, what NCC did to Etisalat—-Analysts

NITDA pantami

Omatek Computers Plc., was once a leading computer and other device brand of note in Nigeria, but was serially silenced and technically subdued by debt pileup from the Bank of Industry (BoI) some months ago. The bank had in July secured a court ruling to take over the company’s operational premises due to nonperforming loans (NPLs)  and that effectively marked ...

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Ministers to grace Indo-Africa ICT Expo & Summit 2017 in Lagos

Smart CS Abuja

A two-day summit to shape up the future of Africa’s Information and Communications Technology (ICT) industry will begin in Lagos on Wednesday. African communications ministers led by Nigeria’s Communications Minister, Barrister Adebayo Shittu, and his Ghanaian counter, Mrs. Ursula Owusu-Ekuful, will raise and review industry development issues as they affect Africa with their Indian counterpart, Shri Manoj Sinha. Coming under ...

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NCC opens up, warns fake phones responsible for some cancer ailments

NCC Danbatta

Considering the observed proliferation of substandard phones, the Nigerian Communications Commission (NCC), on Thursday warned against use of fake digital products including phones. Speaking during a stakeholders workshop organised by the Ibadan Zonal office of NCC at the popular Fayose GSM Market in Ado Ekiti, an official of the commission, Mr. Kunle Olorundare said use of substandard phones was responsible ...

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In Tanzania, Nigerian unveils software chip capable of detecting explosives

Smart CS Abuja

A Nigerian techprenuer, Agabi has invented and presented a modem-sized technology at the TEDGlobal conference in Tanzania that can detect smells of explosives from a distance. He said the system is made from a mixture of living neurons and silicon, with sensors that can detect and recognise smells. Agabi’s start-up company- Koniku- was launched over a year ago and has ...

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NIGCOMSAT to generate N5bn in 5 years of commercialisation

NigComSat Limited

After observing that Nigerian Communications Satellite known as NigComSat-1R, has failed to meet the target value of its launch by way of being beneficial, the Ministry of Communications has started working out how to redeem its image. The ministry is now planning to sink another N2bn with the aim of raising N5bn from the commercialisation in a period of five ...

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NITDA, computer producers resolve to open service centers nationwide

NITDA pantami

More details have emerged on why local computer manufacturers; Certified Computer Manufacturers Association of Nigeria (CCMAN) agreed to seal a nationwide service rollout deal with the National Information Technology Development Agency (NITDA). The scheme is set to begin soon. The idea stemmed as a key resolution reached at a meeting between NITDA and Original Equipment Manufacturers. According to a statement ...

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