The federal government has increased its projected savings for this year after the recent rise in electricity tariffs for Band A customers to N1.5 trillion. Around 2.5 million meters will also be installed this year to address the metering gap nationwide and ensure accurate billing. On April 2, 2024, Bayo Onanuga, the special adviser to […]
The federal government of Nigeria, via the National Identity Management Commission (NIMC), has unveiled plans for a new national identity solution featuring payment functionality. This identity card serves various social and financial purposes. Confirming this development roughly a week ago, Mr. Kayode Adegoke, head of Corporate Communications at NIMC, stated that the collaboration with the […]
On Friday, Officer Cadet Owowoh Princess Oluchukwu made history as the first-ever Nigerian female officer to graduate from the Royal Military Academy Sandhurst (RMAS) in the UK. Princess, aged 24, was among 135 Officer Cadets who graduated during RMAS’ Sovereign’s Parade on Friday, April 12, 2024, in London. The parade commemorated the conclusion of 44 […]
In Nigeria’s ever-evolving financial technology (fintech) arena, the potency of collaboration via partnerships and ecosystems emerges as a driving force for revolutionary transformation. Based on Statista’s data, Nigeria housed 217 fintech startups in 2023, marking a noticeable surge compared to previous years, solidifying its position with one of the highest counts of fintech startups in […]
amidst the ongoing economic challenges in Nigeria, Olubunmi Abegunde, a prominent technology expert and CEO of Thamani Consulting, has advised Nigerian companies to embrace digital transformation in order to build resilience and succeed. He emphasizes that only those who embrace technology and digitalization will be able to navigate the economic difficulties effectively. Abegunde stresses that […]
The Nigerian Electricity Regulatory Commission (NERC) has taken punitive measures against Abuja Electricity Distribution Plc (AEDC) due to its failure to adhere to the Supplementary Order linked to the April 2024 Multi-Year Tariff Order 2024 for AEDC. AEDC has incurred a fine of ₦200,000,000 (Two Hundred Million Naira) for disregarding the prescribed customer band classifications […]
The federal government of Nigeria has revealed intentions to introduce a new national identity solution with payment capabilities. According to Techeconomy, this national identity solution is intended to support various social and financial services through AfriGO, a domestic card scheme. Confirming this development, Mr. Kayode Adegoke, the head of Corporate Communications at the National Identity […]
Coderina Education and Technology Foundation, a vibrant non-profit entity, has recently inked a Memorandum of Understanding (MOU) with the FCT Department of Science, Technology, and Innovation, marking a significant milestone in its pursuit of leveraging technology to promote inclusivity and empowerment. As a prominent advocate for technological progress, Coderina is deeply committed to democratizing access […]
The federal government of Nigeria (FGN) has established a technical committee to oversee the launch of Investment in Digital and Creative Enterprises (iDICE) Programme. Techeconomy gathered that Kashim Shettima, vice president of Nigeria, was full of praises as he said it is the start of a new era in Nigeria. The iDICE Programme is a […]
Nigerian government’s case against Binance and its executives is being heard by Justice Emeka Nwite of a Federal High Court, Abuja. When the matter was called on Thursday, only Tigran Gambaryan, a Binance executive, was represented by a lawyer. According to Eagleonline, neither the company nor Anjarwalla, who recently escaped from lawful custody, was represented […]