Author: ITPulse

The move by the federal government through the Ministry of Finance to impose a 5 percent excise duty on telecommunications services has been suspended, a statement issued and signed by Mr. Reuben Mouka, Director of Public Affairs at the Nigerian Communications Commission has disclosed. The statement quoted the Minister of Communications and Digital Economy to have announced the suspension of the 5 percent excise duty, which many industry watchers and analysts described as an attempt to erase the gain of the telecom sector, which is already being depressed as a result of multiple taxations. “The Federal Government has announced the…

The Director General of the National Information Technology Development Agency (NITDA), Mal. Kashifu Inuwa has promised that the Federal Government will partner with Africa Creative Market to train them on how to use emerging technologies. Mal. Inuwa, who gave the promise while giving a Keynote Address on “The Importance of Tech in the Creative Industry”, at the Africa Creative Market (ACM) event in Lagos, noted that this is necessary in order to identify and build the teeming talents in Nigeria’s creative industry, create talents and boost the region’s creative capabilities as well as strategically place it at the forefront of…

Notion Technology Limited (NTL), the representatives of American #1 Technology Company – Comway and Hsv Products in Nigeria, has explained why it opened a new office in Abuja. According to the multiple-award-winning IT services company, the new office which located at the Ground Floor, Ekiti House, Plot 1042, Kur Mohammed Street, Central Business District, Abuja, is to to be the one-stop enterprise for resolving information and telecommunication technology across Nigeria. “Our vision is simply to be the one-stop enterprise for resolving information and telecommunication technology connections problem through intelligent, consistent, innovative, high-skill technical efforts bringing about products and services that…

The management of the National Office for Technology Acquisition and Promotion (NOTAP) has denied a media report that its Director General, Dr. DanAzumi Mohammed Ibrahim is being investigated by the Federal House of Representatives over the fraudulent purchase of vehicles worth N46 billion naira and stationeries worth N23 million naira. In a statement issued and signed by Solomon Danjuma Nshem, Deputy Director, Public Relations & Protocol at NOTAP, the agency under the purview of the Federal Ministry of Science, Technology and Innovation(FMSTI), explained that it purchased the vehicles for N46 million naira in 2021 for the smooth operation of the…

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has disclosed that Nigeria recorded over 50,000 cases of major destruction to telecom infrastructure and facilities in the past five years. Danbatta, who disclosed this at the 2022 edition of the Youth Civil Society and Stakeholders Summit (YCSSS) in Abuja, also raised alarm over the implication of these incidents to the quality of telecommunications services in Nigeria. He expressed worry over how the incidents have continued to affect the Quality of Experience, (QoE), of consumers, and called for concerted efforts by the members of the public, and…

A business-to-business payment platform, Duplo has raised $4.3 million in seed funding from seven venture capitals to launch new products and expand into new business verticals in Nigeria. The seven venture capital include Liquid2 Ventures, Soma Capital, Tribe Capital, Commerce Ventures, Basecamp Fund, Y Combinator and Oui Capital, who also re-invested after participating in the previous round. Disclosing this in a statement, Yele Oyekola, CEO and co-founder of Duplo said securing the seed funding becomes very important as business-to-business payments have largely stayed the same, even though Nigeria has seen a lot of innovation in consumer payments in recent years.…

The Internet Society Nigeria Chapter (ISOC), as part of efforts to build additional Internet Governance capacity within Nigeria, recently held a virtual meeting as the opening ceremony of the 3rd edition of the Nigerian School on Internet Governance (NSIG). At the meeting, Engr. Kunle Olorundare, Co-Coordinator of 2022 NSIG urged the fellows to be global ambassadors, noting that the Schools on Internet Governance has helped many notable countries groom citizens that have risen to take up key positions and influence the global Internet ecosystem. The Executive Council of Internet Society, Nigeria Chapter in collaboration with Policy and Regulation Initiative for…

Despite progress in recent years, formal financial services remain beyond the reach of many people in Africa. And, even when these services become available, the rate of usage is low because of a range of factors, including the costs and the security of transacting. It has been shown that mobile money and other non-traditional forms of financial services are key enablers for financial inclusion in Africa – they have disrupted traditional financial services by providing better ways to transfer funds than using cash. With mobile and other digital payment systems, customers in Sub-Saharan Africa are gaining access to business loans,…

Galaxy Backbone Limited, Nigeria’s owned Digital Infrastructure and shared services platform for public and private organizations has explained the role it is playing in the digital transformation journey of Nigeria being championed by the Minister of Communications & Digital Economy, Prof. Isa Pantami. The Managing Director/CEO of Galaxy Backbone, Prof. Muhammed Bello Abubakar, who highlighted the role being played by the company at the ICTEL Expo and Exhibition being organized by the Lagos Chamber of Commerce and Industry (LCCI), noted that Galaxy backbone is proud of the investment and the work it has done in ensuring that the backbone and…

As part of the activities to herald its 20th-anniversary commemoration, Interswitch has launched a new brand campaign to project its positioning as a pioneering and integral enabler that has not only actively supported the growth and development of fintech and payments across Africa over the last 20 years. Apart from leveraging the campaign to show its class, Interswitch also will use it to amplify the brand’s progressive outlook as a frontier-driving company that keeps pushing boundaries and facilitating the creation of new ecosystems that help businesses and individuals scale and thrive, in line with its purpose of inspiring Africa to…