Author: ITPulse

By Dr. Harrison Eromosele The current economic and sociopolitical environment in which the Central Bank of Nigeria (CBN) possesses certain monopolistic, statutory powers in the creation and management of national currency and foreign reserves is characteristically pained, complicated and stressed. For instance, on the macroeconomic front, there is the unprecedented presence of virulent stagflation (the concurrent existence of unemployment and inflation) following import restrictions side by side with undue applications of ways and means which conspired with a series of external and internal debts that both aggravated the multiplier effect of money supply and crowded out private sector investment respectively.…

The Nigerian government through the National Information Technology Development Agency (NITDA) has met with various stakeholders in Ilorin, Kwara State to get their inputs, views and opinions on matters related to the Agency’s implementation of its mandate. Tagged ‘ICT Stakeholders’ Engagement programme’, the engagement is part of NITDA’s continuous approach to creating fair and inclusive societies that provide equal opportunities through various programmes, projects and policies. Participants in the programme include ICT experts, Government Representatives, Academia, Startup ecosystems, ICT Associations, Technology Solution Providers, Non-Governmental Organisations (NGOs), and relevant stakeholders in the Digital Economy Sector. They shared ideas on how the…

The Director General of the National Information Technology Development Agency (NITDA), Mal. Kashifu Inuwa has said that there is a need for continuous advocacy of Fintech for the sustainability of Nigeria’s digital economy. Mal. Inuwa’s statement is hinged on the fact that Financial Technology (FinTech) has proved to be a critical element in the advancement of digital economies globally through its enormous contribution to Gross Domestic Product (GDP) as well as the alleviation of poverty. Delivering a keynote address at the 2nd Africa Cashless Payment Systems Conference themed “Building Cashless Africa” in Abuja, Mal. Inuwa described FinTech as an important…

By Bolaji Israel In Nigeria, the first day of December ushers in the advent of the festive season which runs through the month progressively till early January when businesses and official duties resume fully again. December, in the world’s most populous black nation, is characterised, by fascinating scenery, by shops, streets, offices and homes getting decorated with twinkling lights and dazzling ornaments. The month also welcomes the religious festivities of Christmas, the biggest celebration for christians globally which takes place just a week before the New Year rolls in amidst a celebration unmatched by any other from the rest of…

Sarah Moseley, head of vertical solutions and business development, retail and consumer goods at BT, shares her insights on how retail and consumer goods businesses can strategically leverage their digital transformation ambitions to retain consumer loyalty, and empower consumer purchasing decisions and repeat business. By supporting real-time decision-making, combining edge computing with digital signage improves the customer experience and boosts sales. Although in-store purchases continue to make up the bulk of retail sales, a tightening economic situation means it’s essential to maximise every opportunity to make a sale once a customer reaches your door. We also know that brick-and-mortar stores…

Airtel Networks Limited (Airtel) has emerged as the sole bidder for the 3.5GHz Spectrum band, having paid the Intention to Bid Deposit (IBD) as stipulated in the Information Memorandum (IM), the Nigerian Communications Commission (NCC) has announced. A statement by the Commission explained that Airtel Networks Limited (Airtel) and  Standard Network & Connections Limited (Standard Network) were the only companies that expressed interest in the auction of the 3.5GHz Spectrum band. “Having met all the provisions in the IM, Airtel has, therefore, emerged as the sole Bidder,” the statement signed by NCC’s Director of Public Affairs, Reuben Mouka stated. However,…

Google has released the results of its 2022 Year In Search, revealing the most searched terms, people, actors, musicians, topics, questions and more that captured the interest of Nigerians the most throughout this year. Among the top trending searches for the year are Peter Obi, Buga and Asake. Google’s Year in Search is an annual analysis that reveals the top trending lists and also spotlights what the world searches to see, learn and do. In Nigeria, the result for this year’s Year in Search shows a heightened interest in politics, entertainment, sports, lifestyle and notable personalities.  The 2022 Year in…

The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has flagged XENOMORPH, a malware that installs Trojan in banking apps on the Android platform to steal login details, raid bank accounts and read the users’ SMS. Accordingly, the Computer Security Incident Response Team suggests that owners of compromised devices take the extreme measure of doing factory resetting of infected devices. “The malware hijacks your login info from banking apps, and can even read your SMS messages. It installs a banking trojan malware called Xenomorph that allows the app to intercept your two-factor verification codes (typically delivered over text) to…

The Made of Africa Awards, yesterday in Lagos recognised MTN Nigeria Communications Plc as the Most Compliant Listed Company at the Nigerian Exchange Limited (NGX). At the award ceremony, MTN was seen to have the highest levels of compliance with the Rules of The Exchange and other applicable laws and regulations. Accepting the award, Chief Financial Officer, MTN Nigeria, Modupe Kadri said: “Since MTN Nigeria’s listing on the NGX in 2019, we have been very deliberate in the way we have approached our compliance with the rules and regulations of The Exchange, which are designed to ensure that the market…

The Central Bank of Nigeria (CBN) has released the country’s currency redesign policy revised cash withdrawal limits, saying the new policy is further to the launch of the redesigned Naira notes by the President of the Federal Republic of Nigeria last month. In a letter sent to Deposit Money Banks (DMBS) and Other Financial institutions (Payment Service Banks (PSBs) Primary Mortgage Banks (PMBs) and Microfinance Banks (MFBs), the apex bank explained that the new policy is in line with its Cashless policy. The regulatory directives take effect nationwide from January 9, 2023, with the CBN mandating all deposit money banks…