PalmPay deepens financial inclusion with 35m users

Emerging markets-focused fintech, PalmPay, yesterday said it has contributed to deepening Nigeria’s financial inclusion policy of the Central Bank of Nigeria (CBN) with a total of 35 million users over the last five years. Managing Director at PalmPay Nigeria, Chika Nwosu, who spoke in Lagos during a brief ceremony to commemorate the fifth anniversary of…

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Why Nigeria may not issue physical ID card, by UrbanID Global CEO

Inadequate infrastructure to sustainably support physical card will make the idea of issuing physical ID card to Nigeria’s citizens, a digital identity and technology solutions company, , UrbanID Global, has said. The company which acknowledged current efforts by the President Bola Tinubu’s administration to improve enrolment of citizens and legal residents of the country and…

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Investment migration secures long term stability, says Henley & Partners

Managing Director, Private Clients, Henley & Partners, Troy Hanley,  has said contrary to believe that investment migration is just about relocating out of the country, it is indeed about securing the future in the long term. Henley & Partners is a global leader in residence and citizenship planning. Speaking at a webinar ahead the company’s…

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Royal father urges NDIC on vigilance as banking sector reforms heats up

As Nigeria’s banking sector undergoes significant reforms, officials of the Nigeria Deposit Insurance Corporation (NDIC) have been cautioned to be vigilant, especially in their dealings with bank shareholders. His Royal Highness Luka Ayedo Nizasaan (III), the Etsu Kwali, gave the advice during the NDIC’s Special Day at the 19th Abuja International Trade Fair on Monday,…

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‘84.9% MDAs withheld request for information under FOI’

The Nigerian Investment Promotion Commission (NIPC) came first in the 2024 National Freedom of Information (FOI) ranking compliance among 245 ministries, departments and agencies (MDAs). Other MDAs in the top 10 ranking include Revenue Mobilisation, Allocation and Fiscal Commission (2nd); Development Bank of Nigeria (3rd); Nigerian Export Processing Zone Authority (4th); Bureau of Public Service…

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Transparency, accountability remain challenge in ICT sector, says ITU

TRANSPARENCY and accountability in the digital technology space remained a challenge as the carbon footprint and energy consumption of the sector is growing with global demand for hardware, network services, data storage and emerging technologies. This is according to a report co-authored by the International Telecommunication Union (ITU) and the World Benchmarking Alliance (WBA). ITU…

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Mega station owners seek stronger partnership with NNPC

THE Association of Mega Filling Station Owners of Nigeria (AMFSON) has called for a stronger partnership between the association and the management of the Nigerian National Petroleum Company (NNPC) Limited. The Association said it can transport fuel to the 774 local government headquarters in the country at a cheaper rate in order to make the…

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Rack Centre promises sustainable digitization, jobs

CLOUD-NEUTRAL data centre, Rack Centre, has reaffirmed its commitment to contributing to Nigeria’s digital economy by expanding its state-of-the-art data centre facilities and creating more digital jobs. This development, according to the company, is aimed at enabling sustainable digitization and fostering job creation. Speaking on the expansion and the company’s strategic focus of driving efficiency…

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