The Central Bank of Nigeria (CBN) has threatened to shut down the operations of Aboki FX, a website providing currency exchange information, described by the apex bank as an illegal and criminal platform. CBN Governor, Godwin Emefiele, who disclosed this while fielding questions after the Monetary policy committee’s two-day meeting in Abuja on Friday, stated that the bank also plans to prosecute the owner of the platform, Olusegun Oniwinde. According to Emefiele, “I have given instructions to our experts to go after his website and let it be clear that we will go after him because we can’t allow this…
Author: DigitalTimesNG
Interswitch Group (Interswitch), Africa’s technology-driven company focused on the digitization of payments in Africa, has formed a new strategic partnership with Codebase Technologies (CBT), a global open API banking solution provider. The partnership aims to accelerate the digital banking transformation across the African continent. With a shared vision of helping Africa’s financial institutions and customers make the transition to digital banking, Codebase Technologies’ award-winning Digibanc™ SaaS platform is the perfect complement to Interswitch’s existing payments and digital banking offering. The partnership will help broaden access to financial services for Africans, driving greater financial inclusion across the continent. Digibanc™ SaaS, hosted…
Workz Group, a mobile IoT solutions provider, has launched Multi-eSIM Hub (MeSH), the first multi-tenant eSIM management platform that enables mobile network operators (MNOs) to manage the eSIM lifecycle across any mix of vendors, clients, entities, or locations, through a single platform. Before now, eSIM platforms operated as closed systems, otherwise known as walled gardens, making a multi-partner or multi-system approach difficult to implement without considerable investment. With MeSH, MNOs can enjoy enhanced capabilities from their existing eSIM management platform creating the opportunity to fluidly add multiple tenants, platforms, sites, or sales channels without the extra time and cost of…
Releaf, a Nigerian agritech startup that develops proprietary hardware and software solutions to industrialize food processing has raised $2.7 million in seed funding and grants. The round was led by Samurai Incubate Africa, Future Africa and Consonance Investment Managers with participation from Stephen Pagliuca, Chairman of Bain Capital and Justin Kan (Twitch). Releaf also secured $1.5 million in grants from The Challenge Fund for Youth Employment (CFYE) and USAID. The seed funding will enable the startup to develop an industrial food processing technology in Nigeria’s smallholder-driven Oil Palm sector while the grant will enable Releaf to provide working capital and…
Konga, Nigeria’s leading composite e-commerce giant, has been hailed by the Minister of Youths and Sports Development, Hon. Sunday Dare as a digital platform with immense capacity to help re-write Nigeria’s unemployment narrative. Dare made this known during the signing of a landmark partnership between Konga and the Ministry aimed at generating creative employment for millions of Nigerian youths. A Memorandum of Understanding (MoU) to seal the partnership was signed on Monday, September 13, 2021, in Abuja, the Federal Capital Territory (FCT). The initiative was unveiled under Konga Jobs (KJ), a youth empowerment and job creation scheme of the Konga…
Kaspersky has unveiled updates to two of its applications in the Kaspersky Hybrid Cloud Security protection solution for virtualisation and cloud environments – Kaspersky Endpoint Security for Linux and Kaspersky Security Center management console. The new version of Kaspersky Endpoint Security for Linux hardens defences from exploits and ransomware attacks and also extends protection for DevOps with support for new containerisation environments and more native delivery of protection mechanisms for Docker containers. The Kaspersky Security Center Cloud Console now works with public cloud platforms to enable more convenient management of cloud workload protection. As Kaspersky research shows, dedicated protection for…
MultiChoice has announced the admission of the third set of passionate young film creatives comprising the Class of 2022 to the MTF West Africa Academy. After a 6-week selection process, 20 aspiring filmmakers representing Nigeria and Ghana will begin their 12-month training programme in October at the MTF Academy in Lagos. The final candidates were selected after a rigorous interview process by the judging panel, which consisted of film and television experts including representatives of the Directors’ Guild of Nigeria (DGN). On the judging panel were pioneer MTF Academy Director – Mr Femi Odugbemi, Film Director and representative of the…
Mitel, a business communication technology leader has partnered with Mart Network, a value-added distributor, to launch remote working and mobility solutions in the region. The two announced the new partnership during the Mitel Symposium 2021 held on Friday last week in Nairobi, Kenya. Following disruptions caused by the Covid-19 pandemic, the company is investing in demand generation using various tools such as tele- calling, social media, and webinars to align more with the latest market trends. Whereas the pandemic has affected virtually all sectors of the economy, notable changes have taken place in the area of IT spending. According to…
As organizations across the globe navigate the challenges and opportunities of hybrid work, Microsoft and LinkedIn have announced several new features and product innovations to help companies transition to hybrid work. The two organizations have come together to help their employees and their customers as they transform for hybrid work and reimagine everything from meetings that transcend space and time to a digital employee experience that everyone can access from anywhere – right in the flow of their work. “Right now, every leader is grappling with how to have effective hybrid meetings, often with limited equipment and resources. “Hybrid meetings…
The Federal Government has approved the deployment of the Fifth Generation Network, otherwise called 5G in Nigeria. Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami) announced the approval after the Federal Executive Council (FEC) meeting in Abuja on Wednesday, September 8, 2021. Consequently, the Minister has directed the Nigerian Communications Commission (NCC) to commence immediate implementation of the 5G plan for the country. The roll-out of the 5G will be carried out in phases beginning with major cities in the country “where there is need for high-quality broadband,” the Honourable Minister has said. Towards this end, the…