The National Information Technology Development Agency (NITDA) has recognised Cellulant Nigeria among the 2020-2021 Nigeria Data Protection Regulation (NDPR) Audit Compliant Organisations. The Nigeria Data Protection Regulation (NDPR), issued in January 2019 under Section 6 (a,c) of the NITDA Act 2007, is the current national law on data protection in Nigeria. It applies to public and private sector processing of personal data within and outside Nigeria. Cellulant said the recognition demonstrates its commitment to protecting its customers’ personal information and availing them of the opportunity to exercise their rights as data subjects. This commitment extends to Cellulant’s continued efforts to…
Author: DigitalTimesNG
-Appoints Olatunji Pioneer National Commissioner
Nigeria’s leading cutting-edge technology hub, the Tech Experience Centre in collaboration with official media partner, Plat4om, is set to host a maiden Amapiano event to usher in the love season, as part of this year’s Valentine’s Day celebration. Tagged Amapiano & Vibes, the classic, love and fun event take centre stage on Friday, February 11, 2022, at the Tech Experience Centre located at 13 Idowu Martins, Victoria Island, Lagos from 6 pm. Amapiano is a hybrid of deep house, jazz and lounge music characterized by synths, airy pads and wide percussive basslines, distinguished by high-pitched piano melodies which emerged…
Nigerian Startup to provide blockchain, Crypto infrastructure for businesses
Binance, the world’s largest cryptocurrency exchange, has restricted the accounts of 281 Nigerian customers. Changpeng Zhao, Binance’s CEO, cited the necessity to comply with international money laundering regulations in order to safeguard the security of the platform for traders. In a letter to Nigerian customers dated January 29, Changpeng Zhao stated that the decision to block some personal accounts was made to ensure user safety, with more than a third of the accounts impacted being restricted at the request of international law enforcement. “To guarantee our community is secured, protection methods such as know your customer, anti-money laundering measures,…
Jamaica plans to roll out its digital currency across the country in the first quarter of this year, in an effort to cut transaction costs and give financial services to residents who do not use banks. The Bank of Jamaica had in December, announced that a pilot program to issue 230 million Jamaican dollars (US$1.5 million) of the new currency had been completed. “The majority of Jamaicans are financially excluded,” said Natalie Haynes, deputy governor for banking and currency operations and financial markets infrastructure at the Bank of Jamaica. Each year, the bank intends to replace 5% of Jamaican…
-Allocation of an additional 86.25 million shares was activated
-Retail shareholders receive full allotment despite over-subscription
-Institutional shareholders under the Bookbuild were pro-rated as a result of the over-subscription
-114,938 new CSCS accounts were created representing new market participants
-Approximately 76% of successful applicants via the digital platforms are women, and 85% are under age 40
Ceragon Networks, a global innovator and solutions provider of 5G wireless transport, has announced that it has signed a deal with Globacom, Nigeria’s second-largest telecom operator, to further expand its network and enable it to maintain its cutting-edge technology. Telecom watchers say Globacom aspires to build Africa’s biggest and best telecommunications network, and, as such, believe the deal with Ceragon will significantly increase its network capacity and enhance service delivery to customers. Ceragon will as part of this multimillion-dollar deal, be providing Globacom with a customized solution that covers long-haul rural areas, high-capacity metro as well as the access network…
Bamboo, a Nigerian startup and a brokerage app that lets Africans buy and trade US stocks in real-time, has raised a US$15 million Series A funding round to accelerate its growth, move into new markets and launch more products. Unveiled in January 2020, Bamboo is an investment platform that unlocks global markets for Africans by providing real-time access to dollar-denominated assets via its platform. Users can fund with their dollar or local currency balance almost instantly and start investing in stocks. Bamboo has so far gained over 300,000 accounts in Nigeria. In the meantime, an API solution allows asset managers,…
Six more African startups have been confirmed as participants in the W22 batch of the renowned Silicon Valley-based Y Combinator accelerator, taking the total to 10 so far, according to a report in Disrupt Africa. The W22 batch of the Y Combinator programme, which played a role in the early days of companies like Airbnb, Coinbase and Dropbox among others, takes place between now and March. Participants receive seed funding as well as further investment opportunities at a demo day. The S21 edition of the accelerator had 15 African participants, the most yet, and Disrupt Africa reported earlier this month…