The Agency for Air Navigation Safety in Africa and Madagascar (ASECNA), the Nigerian Communications Satellite Ltd (NIGCOMSAT) and Thales Alenia Space are in a joint venture to accelerate SBAS development for aviation in Africa. Following the broadcast of a SBAS (Satellite-Based Augmentation System) signal over Africa & Indian Ocean (AFI) region since September 2020, providing the first SBAS open service in this part of the world via NIGCOMSAT-1R Satellite, the 3 partners have successfully conducted on 27 January 2021 a series of 5 flight demos at Lomé International Airport. The goal was to show in real configuration the efficiency of…
Author: DigitalTimesNG
Visa CEO Alfred Kelly says the card scheme is preparing its payments network to handle a full range of cryptocurrency assets, according to a report in finextra. In an earnings call with analysts, Kelly says the company will treat the cryptocurrency market as two distinct segments: traditional cryptocurrencies, such as bitcoin and Ether; and fiat-backed digital currencies including stablecoins and central bank digital currencies. “In this space, we see ways that we can add differentiated value to the ecosystem. And we believe that we are uniquely positioned to help make cryptocurrencies more safe, useful, and applicable for payments through our…
Mastercard has launched its Global Cyber Forward program in partnership with Dubai International Financial Centre (DIFC), the leading global financial centre and largest fintech hub in the Middle East, Africa and South Asia (MEASA) region. Governments, financial institutions and businesses around the world have been facing an increase in cyber threats as people and businesses become more digitally connected. According to an industry study, the threat of direct and indirect cyberattacks on global businesses is significant, with up to $5.2 trillion in economic impact being at risk over the next 5 years. Another study reported that 50 per cent of…
MultiChoice Nigeria has announced the headline sponsor for the highly anticipated 6th season of The Nigerian Idol. The leading Pay-TV entertainment company stated that Rite Foods Limited, manufacturers of Bigi Soft Drinks is the headline sponsor of the music reality show. Recall that in December 2020, MultiChoice Nigeria made known to the public that it was bringing back the highly-rated music reality show, and a bigger winner’s prize that includes a recording contract and 50 million Naira worth of prizes. It has now announced Bigi Soft Drinks as the headline sponsor of the show. Channel Director M-Net, Wangi Mba-Uzoukwu, said,…
The Access Bank W Initiative program is partnering with the Lagos State Employee Trust Fund (LSETF) to provide low-interest loans for female businesses to flourish in the state. With this development, female entrepreneurs now have more reasons to smile and succeed with a discounted financing solution known as the “LSETF-W Initiative Loan.” The “LSETF- W Initiative loan” is a financing scheme for female traders/MSME’s operating in Lagos state regardless of their state of origin. This means applications from non-indigenes who are resident in Lagos and own at least 50% ownership in either start-ups, micro-enterprises, or small and medium enterprises will…
Africa’s foremost new-age financial solutions powerhouse, Zedcrest Group has announced the appointment of Olumide Odewole as its new Chief Financial Officer (CFO) and member of the executive management. In a statement issued by Zedcrest, the GMD of the company, Adedayo Amzat stated that Olumide will play a key role in the scaling of the Group’s operations; driving cultural change and strong sustainable performance. “I am pleased to welcome Olumide to Zedcrest Group and our leadership team. His deep and extensive experience in leading financial operations and value integration, as well as driving performance, operations, control and shared services results, will…
Samsung, a global Original Equipment Manufacturer (OEM), has partnered with Africa’s foremost technology and lifestyle hub, Tech Experience Centre to offer Nigerians a six-month interest-free payment option on its latest devices – the Galaxy S21 series. The smartphones – the S21, S21+ and S21 Ultra – were recently unveiled to the public at the Tech Experience Centre on Yudala Heights, Idowu Martins Street, Victoria Island. Interested Nigerians who desire to get their hands on the amazing devices without burning a hole in their pockets have been offered a flexible way of acquiring them and paying later within six months, with…
A couple of telcos are claiming to offer unlimited data plans and subscribers are giving them kudos. Often, the claim is a focus of intense campaign blitz targeted at winning customer loyalty. The question to ask is – are these telcos really offering unlimited data plans? If they are, what are the definite benefits to the subscriber? This is important because subscribers must get value for their money and seen as such. In the early days of telecom revolution in early 2000, some telcos brazenly exploited Nigerians in a manner that made informed observers cringe. A particular telco was said…
Airtel Nigeria, on Thursday, said it has commenced the National Identity Number (NIN) registration exercise in its retail outlets across the country. Airtel said in a statement made available to journalists in Lagos that it was following approval from the Federal Government which granted them a verification and enrolment license, according to a report by the News Agency of Nigeria (NAN). The telco said that while selected retail outlets in Lagos and Abuja were now fully operational to register Nigerians for the NIN exercise, work was currently ongoing to expand its NIN footprints to cover more areas and states. It…
The Nigerian Communications Commission (NCC) said it has tightened the noose against cases of data depletion and wrong deductions of consumers’ credit through an ongoing forensic audit instituted by the Commission to ensure maximum protection for consumers. Prof. Umar Danbatta, Executive Vice Chairman of the NCC, stated this when he received the ‘Man of the Year 2020’ Award from MoneyReport magazine recently in Abuja. The EVC who said that while consumer protection remains a key focus area of the Commission’s regulatory activities, also added that it has accomplished significant improvements in this direction through various initiatives aimed at putting mobile operators on…