TheMorning Star

NCC chair promises incentives to tech firms with local manufacturing hubs

The Federal Government has opened a high-stakes window of opportunity for international tech investors, offering direct presidential intervention and sweeping economic waivers for hardware companies that anchor their manufacturing hubs in Nigeria by November 2026, the Board Chairman, Nigerian Communications Commission (NCC), Chief Idris Ibikunle Olorunnimbe, has said. Highlighting the government’s total dedication to backing…

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NCC earns top spot in BPSR 2026 MDA rankings

The Nigerian Communications Commission (NCC) has been ranked among the top three best-performing Ministries, Departments, and Agencies (MDAs) of the Federal Government in the 2026 Public Service Reforms Performance Assessment conducted by the Bureau of Public Service Reforms (BPSR). In the latest Public Service Reforms Performance Assessment, the Commission was ranked third overall, following a…

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Cyber crooks shift to AI enabled social engineering, says Visa

Scams perpetrated by cyber crooks have become the fastest growing source of consumer harm as criminals have shifted their focus of the use artificial intelligence (AI) and social engineering to manipulate people into authorizing payments themselves, according to the latest mid-year 2026 Biannual Threats Report prepared by Visa. The report draws on intelligence from Visa’s…

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Stabyl emerges from Stealth with $2.7m to build Africa’s forex infrastructure

Every transformative company begins with a simple idea. For Stabyl, that idea was born not in a boardroom, but during conversations between classmates at the University of Oxford, where discussions about the future of digital finance evolved into a bold vision for solving one of Africa’s biggest financial challenges. Between 2021 and 2022, Prince Nnamdi…

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Terrorism financing: ABCON urges vigilance in forex market operations

The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for increased vigilance in the operation and regulation of the Nigeria financial system to protect it against terrorism financing and illicit financial flows. In a statement, ABCON condemned any form of terrorism financing in the country, and reiterated its support for all legitimate…

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Weak financial state of sub-nationals may derail Nigeria’s SDG targets

The Nigerian government has warned that the weak revenue generation and institutional capacity at the sub-national level pose a major threat to development outcomes, especially the achievement of the Sustainable Development Goals (SDGs). The warning was issued at the opening of a High-Level Workshop on Strengthening Fiscal Capacity at the Sub-National Level in Nigeria, held…

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Nigeria needs $100b yearly to close infrastructure gap

Nigeria will require about $100 billion in yearly investments over the next 17 years to bridge existing infrastructure gap in the country estimated to be about $2.3 trillion, the Infrastructure Concession Regulatory Commission (ICRC) has said. Its Director-General and Chief Executive Officer, Dr. Jobson Oseodion Ewalefoh, who spoke in Abuja during a one-day stakeholders’ engagement…

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