Author: ITPulse

By Martin Ekpeke The Founder, GoLegit Africa, Mr. Remi Afon has given some insight into the 0.5 percent cybersecurity levy on all electronic transactions, which many citizens especially on social media argue is coming at the wrong time, following the hardship being faced by the average Nigerian presently. The Central Bank of Nigeria (CBN) had in a circular jointly signed by Chibuzor Efobi, Director of Payments Systems Management and Haruna Mustafa, Director of Financial Policy and Regulation, yesterday announced a 0.5 percent cybersecurity levy on all electronic transactions effective May 20, 2024. The announcement directed all financial institutions to initiate…

By Martin Ekpeke Yesterday, the Central Bank of Nigeria (CBN) announced a 0.5 percent cybersecurity levy on all electronic transactions effective May 20, 2024. The announcement was greeted with uproar with many citizens citing hardship in the country owing to the removal of fuel subsidies, which has led to inflation on the prices of goods and services. The announcement directed all financial institutions to initiate the deductions for onward remittance, and was contained in a circular jointly signed by Chibuzor Efobi, Director of Payments Systems Management and Haruna Mustafa, Director of Financial Policy and Regulation, both at the CBN. What…

As an effort to accommodate more entrepreneurs eager to participate in this year’s Africa’s Business Heroes (ABH) Prize Competition, the organizer has decided to extend its deadline for 2024 entries from May 19 to June 9. Candidates selected for the top 50 will gain access to a host of resources, including training, mentorship and networking opportunities, as well as a supportive network of fellow African business leaders. US$1.5 million in grant funding will be distributed among the top 10 finalists; the first prize winner will receive an award of US$300,000. This year, ABH has also hosted information sessions and community…

Konga has announced a same-day delivery initiative nationwide for Starlink, Apple and Samsung products on its platform. Coming a few weeks after it splashes prices of Starlink Internet kits by 50%, Konga is delivering this additional value so that both homes and businesses in urban and remote places can enjoy infinite possibilities with their internet on both their standard and enterprise installations. This offer which is available both online and in its retail stores nationwide is exclusive to new and existing customers this month. With the improvement in prices on both original standard and enterprise Starlink kits, customers can now…

Boxes have a multitude of uses, and the word “box”, lends itself to diverse contexts. For “Ajala Travelers,” the box is a necessity for keeping goods for their endless journeys. In literature, idiomatically, it can be said that “one has been boxed into a corner;” another might say to deal with a conundrum: “think outside the box;” then there is the “Pandora’s box” that no one wants to be opened. To “box one’s ears” refers to a hit on the head, especially around one’s ears. For those who celebrate Christmas, “Boxing Day,” which is the 26th of December, the second…

The organizer of the annual Nigeria Innovation Summit (NIS) has announced that this year’s edition will take place on Wednesday, October 2, 2024, at Muson Centre, Lagos with the theme: Building a Culture of Innovation.  Announcing this in a statement, the organizer explained that the Summit is an annual event that brings together critical stakeholders from different sectors of the economy to discuss ground-breaking ideas, trends, opportunities, and numerous verticals to accelerate innovation and solutions that solve unique challenges within Nigeria and the African continent at large. “Each year the summit provides a platform that fosters collaborations among startups, innovators, entrepreneurs,…

QNET has won three distinguished categories at the 11th annual PR  Awards, demonstrating its prowess in crisis management, corporate strategy and technological innovation. Apart from setting new standards for excellence in Direct Selling, the awards are a remarkable acknowledgment of its excellence in public relations and communications for the leading lifestyle and wellness direct selling company. The three awards are: Silver Award for Best Corporate Strategy – An endorsement for QNET’s Fingreen financial literacy programme that has been rolled out in three countries over the last 18 months and has helped over 7000 people, including college students, homemakers, street vendors,…

By Diana Tenebe Nigeria’s agricultural sector has long been a significant contributor to national growth, with the potential to further reduce poverty. This sector, encompassing crop production, livestock, forestry, and fishing, has the potential to hold export opportunities and can strategically become the engine for economic prosperity, given Nigeria’s large population. Undoubtedly, agriculture remains a top contributor to Nigeria’s GDP. Statistics show it contributed around 23.69% in 2022, ranking behind the industry (30.78%) and services (22.04%) sectors. However, the sector’s contribution has declined. In the first quarter of 2023, it fell to 19.63%, compared to 21.09% in the same period…

How does a startup, founded far from the advantages and resources of the world’s tech hubs, go on to reach unicorn status? And more deeply, just how far can the drive for meaning and purpose ultimately take you? The inDrive documentary sets out to answer these questions. In an exclusive premiere today in Lagos, Nigeria, the inDrive documentary offered audiences a rare glimpse into the heart and soul of the company, with never-before-seen footage and candid stories from the individuals at inDrive’s roots, including founder and CEO Arsen Tomsky. This special content dives deep into their initial vision and the…

Two instructors from Warri’s Rolof Computer Academy distinguished themselves in a recent Artificial Intelligence (AI) training program. The 13-week program, designed to equip educators with AI skills for teaching, research, and community engagement, was a collaborative effort between the National Universities Commission (NUC), the National Open University of Nigeria (NOUN), and the West Africa Office of the Association of African Universities (AAU). It attracted over 900 participants from Nigerian universities, polytechnics and colleges of education. Mr. Lucky Ofuafor, founder of Rolof Computer Academy and a member of the Nigeria Association of Artificial Intelligence Practitioners (NAIP), was among the top performers,…