SEC to engage fintech players

SEC to engage fintech players

To sanction operators frustrating e-dividend     The Securities and Exchange Commission has stated that it will continue to engage players in the Fintech space and support them to operate lawfully in a bid to ensure the delivery of safe products and services without stifling innovation. Mr. Lamido Yuguda who stated this at a post-Capital Market Committee Meeting press briefing webinar held Thursday, said the recent Circular was issued by the Commission in its desire to ensure that only fit and proper persons continue to operate in the capital market. According…

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NCC sets new rules for collocation and infrastructure sharing

NCC sets new rules for collocation and infrastructure sharing

NCC sets new rules for collocation and infrastructure sharing     The Nigerian Communications Commission (NCC) has released fresh guidelines bounding on access provider for rejecting any request for telecoms infrastructure sharing and collocation. According to a 31-page document containing the guidelines obtained by Business Metrics from the commission, the NCC sounds tough against practices capable of jeorpardising essence of the collocation and infrastructure sharing. The NCC stated that while an access provider has the right to refuse an application for infrastructure sharing by another player, the refusal can only…

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Recapitalisation drive pushes Microfinance banks’ assets to N856.3bn

Recapitalisation drive pushes Microfinance banks’ assets to N856.3bn

Recapitalisation drive pushes Microfinance banks’ assets to N856.3bn     The total assets of the microfinance banks rose by N97.32bn from N758.98 billion as of the end of July 2020 to N856.3 billion as of the end of September 2020 as the firms move to achieve their recapitalisation requirements. This was contained in a report by the Central Bank of Nigeria (CBN) on ‘Microfinance banks’ account (2SR) Assets’ quarterly bulletin obtained by our correspondent on Wednesday. According to the report, the figure stood at N819.77 billion as of the end…

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NCC sensitises telecom consumers at 2021 Enugu International Trade Fair

Enugu International Trade Fair

NCC sensitises telecom consumers at 2021 Enugu International Trade Fair     The Nigerian Communications Commission (NCC), in line with its tradition of exploring avenues to engage with telecom consumers, has taken advantage of the opportunity of this year’s edition of the Enugu International Trade Fair to enlighten telecom consumers on their rights and privileges within the telecommunications sector. Addressing a large audience of telecom consumers during the NCC Special Day held at recently-concluded 32nd Enugu International Trade Fair organised by the Enugu Chamber of Commerce, Industry Mines and Agriculture (ECCIMA), the Executive…

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International flight resumes with Ethiopian Airlines in Kano

International flight resumes with Ethiopian Airlines in Kano

International flight resumes with Ethiopian Airlines in Kano     The first international flight has arrived at the Aminu Kano International Airport on Tuesday since it was closed last year due to the covid-19 pandemic. The international flight commenced with Ethiopia Airlines which landed at the airport on Tuesday at 1.30 pm and departed with over 100 passengers at exactly 3.00 pm. Report showed on Tuesday that arrangements were on top gears for the resumption which was scheduled for Monday 5th April and rescheduled to Tuesday 6th due to the…

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FG floats 2-3 Yrs savings bonds at 5.5%, 6.5% yield

FG floats 2-3 Yrs savings bonds

FG floats 2-3 Yrs savings bonds at 5.5%, 6.5% rates   The Debt Management Office (DMO) has called on application for subscription into the federal government’s Savings Bond. In a statement on its website, DMO said the bond will be held by subscribers for two and three years and would yield 5.522 per cent and 6.522 per cent per annum respectively. It stated that the opening date is on April 6, 2021 which opened today. The offer will close on April 9, 2021, while the settlement date is April 14,…

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Reaping ICT benefits dependent on infrastructure, literacy, says Danbatta

Danbatta

L-R: Prof. Umar Garba Danbatta, Executive Vice Chairman, Nigerian Communications Commission, being presented with an appreciation award by Prof. Abdulrahman Sheshe, Chief Medical Director, Aminu Kano Teaching Hospital (AKTH), Kano, during the courtesy visit Reaping ICT benefits dependent on infrastructure, literacy, says Danbatta   Umar Danbatta, the executive vice chairman of the Nigerian Communications Commission (NCC), has said that robust digital infrastructure and literacy are key to reaping the transformational benefits of Information and Communication Technology (ICT) across public and private institutions in the country. Danbatta stated this when he…

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NIN database exceeds 51m records, as FG extends NIN-SIM linkage by one month

NIN Dababase

NIN database exceeds 51m records, as FG extends NIN-SIM linkage by one month     The ongoing National Identification Number (NIN) exercise has so far recorded issuance of the unique number to over 51 million people. This fact emerged after a meeting of the Ministerial Task Force on the NIN-SIM data linkage chaired by Isa Pantami, the Honourable Minister of Communications and Digital Economy. At the meeting which took place on Thursday,  an approval was given to extend the period of the NIN-SIM linkage to the 6th of May, 2021. The request…

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Nigerians without NIN risk imprisonment – Pantami

NIN

Nigerians without NIN risk imprisonment – Pantami   Nigerians who fail to enroll for the National Identity Number (NIN) risk imprisonment, the Minister of Communication and Digital Economy, Dr Isa Pantami, has said. Pantami reportedly made the comment at the sixth edition of the ministerial briefing organised by the Presidential media team at the State House in Abuja. He explained that the decision to imprison those without a NIN was in line with the Nigerian Constitution, saying no one should enjoy government services without the number. Pantami made the emphasis…

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FG has localised 90% data assets hosted abroad – NITDA

FG has localised 90% data assets hosted abroad – NITDA

FG has localised 90% data assets hosted abroad – NITDA     More than 90 per cent of Federal Government’s data hosted externally have now been repatriated to Nigeria. This disclosure was made by Kashifu Abdullahi, the director general of National Information Technology Development Agency (NITDA) while delivering his paper on ‘Data localisation and its benefits to the Nigerian Economy’ at Laurr3cloud webinar series themed ‘The Future of African Cloud’. Represented by Aminu Lawal, his special assistant on digital transformation, Abdullahi said substantial data assets belonging to major Ministries, Departments…

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