Tech

Binance, Others Face Billion-Dollar Fines in Nigeria Over Alleged Currency Manipulation

Per THISDAY, Nigeria’s Securities and Exchange Commission (SEC) may impose massive fines amounting to billions of dollars on big crypto giant, Binance, and other cryptocurrency firms operating in the country. Along with other security agencies, SEC is presently looking into claims that cryptocurrency companies manipulated the value of the Naira …

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Akwa Ibom Government Restates Commitment to Tech Development, Receives Two Africa Submarine Fibre Optic Cable

Akwa Ibom State Government has received African Submarine Optical Cable with a commitment to develop the technology sector. Governor Umo Eno, who received the Submarine Cable from MainOne Company on Tuesday at Qua Iboe Beach, Ibeno Local Government Area, stated that the 45,000kilometre submarine cable will connect Akwa Ibom, Nigeria’s …

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Senator Akpabio Seeks Saudi Arabia, Nigeria Collaboration on Security, through Intelligence Sharing

President of the Senate, Senator Godswill Akpabio has appealed to the Saudi Arabian Government to collaborate with Nigeria in the fight against insurgency and trans-border terrorism, through sharing of intelligence. Senator Akpabio made the call while receiving, in courtesy, members of the Saudi Arabia-Nigeria Parliamentary Friendship Group, led by Dr …

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Access Holdings Names Bolaji Agbede as Acting CEO

Access Holdings Plc has announced the appointment of Ms. Bolaji Agbede as its Acting Group Chief Executive Officer following the unfortunate demise of Herbert Wigwe on Friday. In a statement by the Company’s Board of Directors, dated February 12, 2024, the Board stated that the appointment was subject to the …

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WORLD RADIO DAY: Federal Government Pledges Support for Community Radio Stations

The federal government has described community radio as a tool to strengthen the nation’s democracy even as it pledged its commitment to expand the initiative. The Minister of Information and National Orientation, Mohammed Idris, in a statement on Tuesday, disclosed this in commemoration of World Radio Day. Idris stated that …

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NAIRA STABILITY: Senate Summons CBN Governor Over State Of Economy

The Central Bank of Nigeria Governor, Olayemi Cardoso is to appear before the Senate Committee on Banking, Insurance, and Other Financial Institutions on Tuesday next week following the free flow of naira at the Forex Market and State of Economy. The Committee Chairman, Senator Adetokunbo Abiru extended the invitation on …

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CBN Appoints New Executives For Union, Keystone, and Polaris Banks

The Central Bank of Nigeria (CBN) has announced a new appointment of executive officers for Union Bank, Keystone Bank, and Polaris Banks a few hours after dissolving the board of Directors and Management. The apex bank, in a statement by its spokesperson, Sidi Hakama, announced Yetunde Oni as the Managing …

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It’ll Cost $2bn To Lay Fibre Cables Across Nigeria — Minister

Minister of Communications, Innovations and Digital Economy, Bosun Tijani, says laying fibre optics cables across Nigeria will cost about $2bn. The minister, who was a guest on a Television programme on Tuesday, also said advanced technology, the Fifth-Generation (5G) network, exists in Nigeria. He, however, said the infrastructure that supports …

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India Restricts Import of Laptops, Tablets, and Other PCs

The Indian government on Thursday announced immediate restrictions on the import of laptops, tablets, and personal computers for sale, in an attempt to boost the purchase and local manufacturing of electronic products. “Import of laptops, tablets, all-in-one personal computers, and ultra small-form-factor computers (…) shall be ‘restricted’,” the directorate general …

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