Lagos set to host Catholic Communications Assembly for Africa
All is set for Lagos, the commercial centre of Nigeria to host Catholic Bishops and communication experts across Africa, as they gather to celebrate the 50th anniversary of the Pan African Episcopal Committee for Social Communications (CEPACS). According to the…
Foreign currency transfer designed to ease cross-border businesses—Ecobank
Major Pan African financial group, Ecobank has reiterated that the introduction of Foreign Currency transfer on Ecobank Mobile and Omnilite app is to promote and facilitate ease of cross-border business and financial transactions, stressing that it would be of immense…
Inflation still in uptrend spree, hits 24.08% y/y in July
Nigeria’s headline inflation maintained its uptrend, rising by 129bps to 24.08% y/y in July (June: 22.79% y/y). The outturn is 59bps and 48bps higher than Cordros’ estimate (23.49% y/y) and Bloomberg’s median consensus estimate (23.60% y/y). Similarly, on a month-on-month…
Paddy Rice scarcity halts Kano millers operations
There are speculations that the price of rice might increase after rice millers under the aegis of Northern Chamber of Commerce Industry, Mines, and Agriculture (NACCIMA) announced that they are shutting down operations in the commercial city of Kano due…
NCC Promotes Indigenous Telecom Achievements at NTICE 2023 Expo
The Nigerian Communications Commission (NCC) is set to showcase achievements so far recorded in the promotion of indigenous content in the telecommunications sector at the second edition of the Nigerian Telecommunications Indigenous Content Expo (NTICE 2023), which holds in Lagos…
Imminent Surge of Cyber Security in the Energy Sector, Says SecurityHQ
With a rapid transition towards renewable energy, the Energy sector has an increased reliance on technology. This makes it particularly vulnerable with regards to cyber security, as it depend on interconnected systems and digital technologies that make interactions a breeding…
Corruption Concerns Drive 650% Increase for Regtech AI checks in banks
A new study from Juniper Research, the foremost experts in fintech, has found that the total number of KYC checks for banking, conducted using AI, will reach almost 175 million globally by 2028; up from just over 23 million in…
Tech Giants Laid Off 226,000 Employees YTD more than in 2022
Although the tech industry has seen a shocking number of job cuts last year, 2023 has been much worse. The massive wave of layoffs has shut down hundreds of thousands of workplaces, turning 2023 into the worst year the tech…
FG agrees with CBN’s plans to address FOREX market volatility
Deeply concerned about recent developments in the foreign exchange market, President Bola Tinubu has approved measures to stabilise and enhance liquidity in the market, including the parallel market. The Acting Governor of the Central Bank of Nigeria (CBN), Mr. Folashodun…
NGX, CIS, ASHON to work with MOFI on market development, listings
Nigerian Exchange Limited (NGX), along with the Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria (ASHON), have demonstrated their willingness to collaborate with the Federal Government through the Ministry of Finance Incorporated (MOFI) in facilitating…
