News Highlights: Abia State Government signs MoU with WIOCC for fibre optic deployment Socio-economic and technological impact of the investment is highlighted The Abia State Government (ABSG) has signed a Memorandum of Understanding (MoU) with the West Indian Ocean Cable Company (WIOCC), an ICT and broadband technology company, to deploy fibre optic and internet connectivity across all 17 LGAs in the state. Digital TimesNG reports that Governor Otti said at the MoU signing ceremony that the agreement would see the deployment of metropolitan optic fibre infrastructure in the 3 major cities of Aba, Umuahia and Ohafia. He also noted that…
Author: Our REPORTER
News Highlights: Ahmad Farroukh’s Abrupt Exit Regulatory Challenges and Market Share Decline Ahmad Farroukh, who assumed the role of CEO at Nigerian telecom giant Globacom last year, has reportedly resigned after just a month in office. Digital TimesNG reports that while the company has yet to release an official statement, sources close to the matter told TechCabal that his abrupt departure stemmed from challenges adapting to Glo’s rigid corporate structure. Once a dominant force in Nigeria’s telecom sector, Globacom has faced significant struggles in recent years. In 2024, it suffered a massive blow, losing over 40 million subscribers due to…
News Highlights: Nigeria launches initiative to exit FATF Grey list FG adopting technology-driven approach to strengthen financial security The Nigerian government, through the National Information Technology Development Agency (NITDA) and the Nigerian Financial Intelligence Unit (NFIU), has launched an initiative aimed at removing the country from the Financial Action Task Force (FATF) Grey List by May 2025. Digital TimesNG reports that this initiative was launched under the President’s directive following the NFIU’s request to develop and implement a Data Management Framework and Platform for Anti-Money Laundering, Counter-Terrorism Financing, and Counter-Proliferation of Firearms, in collaboration with NITDA. At the inaugural technical…
The World Bank has banned two Nigerian companies, Viva Atlantic Limited and Technology House Limited, along with their CEO, Norman Didam, for 30 months due to corruption linked to the National Social Safety Nets Project, reports Digital TimesNG. The World Bank disclosed in a statement on Monday, that the project aimed to provide targeted financial assistance to poor and vulnerable households was compromised due to several unethical practices during a 2018 procurement and subsequent contract process. According to the bank, the companies misrepresented conflicts of interest, accessed confidential tender information, and submitted falsified documents during a 2018 procurement process. They…
News Highlights: Patricia’s Recovery and Repayment Efforts Customer Communication and Reassurance Patricia Technologies, a Lagos-based financial technology company, has begun reimbursing customers affected by a 2022 security breach, marking the culmination of a two-year effort to recover funds and restore trust. In 2022, Patricia experienced a major cyberattack that led to the loss of over 600 million Naira from customer accounts, prompting the company to temporarily restrict withdrawals and work with law enforcement agencies, resulting in the arrest of several suspects, including a prominent politician. Patricia, having previously requested a two-to-five-year repayment window, has begun implementing its plan by disbursing…
Ikeja came alive on Friday, November 15, as the TECNO SPARK 30 city Tour brought an electrifying mix of excitement, discounts, and rewards to the heart of the city. The atmosphere buzzed with energy, fueled by pulsating music, engaging games, and an irresistible N20,000 discount on the fun-filled TECNO SPARK 30 Pro. The stakes got even higher as lucky buyers stepped into the Games Grotto, where they played for a chance to win up to 100% cashback, igniting cheers and anticipation all around. The excitement peaked with the grand arrival of tech and lifestyle creator Kagan, alongside Big Brother Naija…
The Minister of Defence, Mohammed Badaru Abubakar, has called for robust support for the Nigerian Military in its ongoing efforts to combat insecurity, emphasizing that peace is a cornerstone of national development. Speaking at the opening ceremony of the 45th International Trade Fair organized by the Kano Chamber of Commerce, Industry, Mines, and Agriculture (KACCIMA), the Minister highlighted that an improving security situation in the country will pave the way for enhanced economic prosperity. He reaffirmed President Bola Ahmed Tinubu’s commitment to restoring peace and stability and urged Nigerians to continue supporting the government with prayers while maintaining confidence in…
The Minister of Defence, Mohammed Badaru Abubakar, is currently in Enugu on operational tour of 82 Division of the Nigerian Army and other military platforms in Enugu State. He was received on arrival by the General officer Commanding 82 Division of the Nigerian Army / Commander JTF SE of Operation Udoka, Major-General H.T Dada and other senior military officers. The Minister is expected to meet with South East stakeholders on the way forward. Details later…….
News Highlights: Hermplify is empowering women entrepreneurs Driving Economic Inclusion Hermplify, a ground-breaking AI-powered platform, has officially launched to help women entrepreneurs and young girls in Africa grow their businesses and learn valuable tech skills. The platform is designed to make it easier for women to succeed by providing tools for managing their businesses, accessing financial support, and learning in-demand digital skills. Digital TimesNG reports that Hermplify aims to empower millions of women in Africa, where over 100 million female entrepreneurs currently face barriers like lack of access to technology and funding. By offering user-friendly, AI-driven business and education tools,…
The Minister of State for Defence, Dr. Bello Matawalle is in the Kingdom of Saudi Arabia to begin talks with the Secretary General of the Islamic Military Counter Terrorism Coalition (IMCTC), Major Gen. Mohammed Bin Saeed Al-Moghedi. The talks which began at the IMCTC Headquarters in Riyadh, Saudi Arabia on Monday November 18, 2024 is expected to yield positive results and ideas on how best to approach counter-terrorism in Nigeria. During the meeting, Dr. Matawalle is expected to talk with other high ranking experts in counter-terrorism fight and logistics management.