Nigeria, known as the giant of Africa is ranked 9th among top African investment destinations with Seychelles and Mauritius leading the list. According to Bloomberg, the report evaluated 31 nations on the continent, assessing economic performance, market accessibility, investment climate, and social and human development. Nigeria, along with Ghana and[Read More…]
News
NCC Mandates Telcos to Open Up on Tariff Plans
The Nigerian Communications Commission (NCC) has instructed telecom operators to streamline their tariff plans, packages, and promotional offers after many Nigerians voiced dissatisfaction with the rapid depletion of their airtime and data plans, which used to last much longer. NCC spokesperson Reuben Muoka stated on Monday that the regulator has[Read More…]
FG and ICAC targets creation of over 1.4million jobs Annually
The Federal Government of Nigeria is collaborating with the International Cotton Advisory Committee (ICAC) to revitalize the country’s cotton and textile sector, with a target of creating over 1.4 million jobs Textile industry. annually. Vice President Kashim Shettima highlighted the initiative’s focus on developing the entire cotton value chain, which[Read More…]
NCC Mandates Telcos to Open Up on Tariff Plans
The Nigerian Communications Commission (NCC) has instructed telecom operators to streamline their tariff plans, packages, and promotional offers after many Nigerians voiced dissatisfaction with the rapid depletion of their airtime and data plans, which used to last much longer. NCC spokesperson Reuben Muoka stated on Monday that the regulator has[Read More…]
ITU Urges FG to Address Multiple Regulations in Digital Space
International Telecommunications Union (ITU) has advised the Nigerian government to simplify the National Information Technology Development Agency (NITDA) and Nigerian Communications Commission (NCC) regulatory responsibilities in the digital space. his is part of the recommendations stated in its report on Nigeria titled, ‘Collaborative Regulation: Accelerating Nigeria’s Digital Transformation’. The report[Read More…]
Nigerian Football Icon Obafemi Martins Supports Lagos State’s Grassroots Football Camp with Generous Donation
In a significant move to bolster grassroots football development in Lagos State, Nigerian international football star Obafemi Martins (popularly known as Obagoal) has donated 40 pairs of footballs to the Lagos State Government’s Football Grassroots Camping Program. This altruistic gesture aims to support the discovery of young talent and promote[Read More…]
OPay Gets Court Order to Restrict Customer Accounts over ₦714m System Glitch
OPay, Chinese-backed fintech giant has received approval from a Federal High Court in Lagos to freeze customer bank accounts in thirty listed banks as part of a process to recover ₦714 million received by customers during a system glitch. A TechCabal exclusive has that the system glitch occurred from December[Read More…]
Hope PSB hit by ₦6.5 billion cyberattack, seeks legal recourse for recovery
Hope Payment Service Bank, the self-described “premier digital-first bank in Nigeria,” has begun a legal process to recover ₦6.5 billion fraudulently obtained from its banking platform by unknown persons. “On about July 15, 2024, there was unauthorised access to the Plaintiff’s banking platform, following which huge sums of money were[Read More…]
Court rejects Ortom’s request to stop probe
A Makurdi High Court recently, presided by Justice Tertsea Asue, on Monday declined to grant an application by former governor of Benue, Samuel Ortom seeking to appeal against its ruling. In the ruling, the court had dismissed his ex parte motion seeking to stop Gov. Hyacinth Alia from investigating him.[Read More…]
Nigerian Communications Commission directs telcos in Nigeria to conduct billing audits
The Nigerian Communications Commission (NCC) has directed telecommunication companies in Nigeria to conduct a comprehensive audit of their billing systems. A source within the Commission, who requested anonymity, revealed this development to our correspondent. The source confirmed that KPMG, one of the leading global audit firms, has been appointed to[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]