tech news nigeria
Nigeria’s Central Bank Launches eNaira Website
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A Fifth of Nigeria’s Workforce Now Jobless Due to COVID-19
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5 Top Instant Loan Apps in Nigeria
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New Guidelines for Mobile Money Operators Issued by CBN
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Nigeria Has Yet to Renew MTN’s Licence in the Country
Sourced from Business Tech Nigeria’s Communication Commission (NCC) said on Tuesday that MTN Nigeria’s application to renew its operating licence for the next 10 years was still undergoing regulatory processing. In March, MTN Nigeria said that it was at an “advanced stage” in renewing its operating spectrum and licence from September. This spectrum encompasses the company’s data network and telecom coverage in Africa most populous country and largest economy. The NCC has said that recent online media reports stating that the telco’s application for its licence renewal had already been granted are false, according to Reuters. “The Commission wishes to state that while MTN Nigeria has applied for the renewal of the Unified Access Service Licence (UASL) granted to it by the Commission, the ap...
MTN Nigeria Reports Increased Earnings Despite Losing 7.6M Subscribers
Sourced from TheTechieGuy (https://thetechieguy.com/) MTN Nigeria has released its unaudited results for the half-year ended June as the telco celebrates its 20th anniversary. The results show that its mobile subscriptions had declined by 7.6-million to 68.9-million. Subscriptions had been significantly impacted by regulatory restrictions on new SIM sales and activations. Active data users also saw a decline by 52,000 to 32.5-million. However, Independent Media reports that MTN Nigeria saw voice revenue grow by 13.1%, benefiting from an 11.8% increase in traffic and its new customer value management initiatives. The impact of the industry-wide suspension of new SIM registrations was partially mitigated by higher usage in the company’s active SIM base, as well as the firm’s migration to “hi...
Why the Central Bank of Nigeria is Cracking Down on Forex Sales
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Nigerian Lawmakers Seek to Slash DStv Prices in Favour of Pay-As-You-Go Model
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Cybercrime is a Pressing Threat to Economic Growth in West Africa
Sourced from the Guardian Nigeria. While organisations across West Africa work to recover from the economic impact of the pandemic, the global cybercrime industry is going into overdrive. An increasingly sophisticated cybercrime industry is launching a range of attacks aimed at organisations and critical infrastructure. Such attacks are growing in volume and sophistication, putting our collective economic recovery at risk at a time when organisations invest more heavily in digital technologies. Global attacks on Internet of Things (IoT) devices, for example, have risen 300% in 2019 alone, and cost organisations untold amounts of revenue and disruption to their business operations. One study found that the average cost of cybercrime is $13-million per successful attack, a huge 72% increase ...
Nigeria Still Waiting on Federal Government’s Approval for 5G Deployment
Image sourced from the Verge. Nigeria’s final journey into the deployment of 5G technology is expected to begin sometime relatively soon, barring any unforeseen circumstances. The Guardian reports that the only obstacle to the deployment of the technology in Nigeria is approval by the country’s Federal Government. A previously existing obstacle, a supposed loose end, has recently been tightened by the Nigerian Communications Commission (NCC). Approval from the Federal Government is expected within the next few months. Nigeria’s Senate Approves 5G After two trials conducted by MTN and Ericsson in 2019, with the supervision of the NCC, Nigeria’s Upper Legislative Chamber, the Senate approved the deployment of 5G networks in the country. The Senate had agreed that the technological impact tha...
