Africa Data Centres Deploys DCIM Software across its Facilities
The solution will measure, monitor and manage all IT equipment and supporting infrastructure housed within its facilities; TechAccess will act as the solutions integrator for the project and will work with software…
Foreign Airlines’ Trapped Funds in Nigeria now $743m
The amount of revenue blocked by the Nigerian government from repatriation by foreign airlines has increased to $743 million, up from $662 million in January 2023, the International Air Transport…
In Second Round of Layoff, Meta Dismisses 10,000 Staff, Withdraws 5,000 Open Roles
The tech giant says it expects to announce restructurings and layoffs in its tech groups in late April, and then the business groups in late May
INEC, other Public Websites Attacked Six Million times on 2023 Presidential Election Day – Pantami
Cyber threats to public websites and portals averaged around 1,550,000 daily, run-up to Nigeria’s Presidential elections on February 25, 2023, TechEconomy.ng can report. Professor Isa Ali Ibrahim (Pantami), Nigeria’s Minister…
About 280 Blockchains Vulnerable to Online Threats
Around 280 blockchains are plagued by serious vulnerabilities known as “Rab13s,” according to a report issued Monday by the blockchain security firm Halborn. According to Halborn, it was recruited to…
FairMoney Acquires PayForce at N20 Million Valuation
FairMoney is striving to become the leading retail and merchant bank in Nigeria with the aim of gaining more market share
Ecobank and IITA to Train, Support 16,000 Youths Agriculture Value Chain
Ecobank Nigeria Limited said it is partnering with the International Institute of Tropical Agriculture (IITA), to train and also provide support services to 16,000 Nigerian youths on wealth creation through agriculture.…
MENA VC Flat6Labs Launches Fund to include East, West Africa Startups in Portfolio
The focus countries include Kenya and its neighboring markets in East Africa, as well as the Anglophone and francophone sides of West Africa, including Nigeria, Senegal, Côte d’Ivoire, Ghana and…
CBN’s Naira Redesign Policy did not Improve Electronic Payments
ePayment recorded a series of failed transactions in February – it nosedived by 4.83 percent to N37.67 trillion, down from N39.58 trillion recorded in January 2023. Data obtained from the…
Y Combinator Cutoff 17 Staff as it Takes Out Late-Stage Investment
This comes due to the fact that Y Combinator included late-stage investing in its focus, and this led to a distraction in its core mission
List of Harmonized Short Codes Approved by NCC
directs implementation In line with its consumer-centric approach to telecoms regulation, the Nigerian Communications Commission (NCC) has directed mobile network operators (MNOs) to commence implementation of approved harmonised short codes…
Development Banks Back Funding Scheme for Nigeria’s Digital, Creative Sectors
The Nigerian creative industry has lots of potentials, but it has been largely affected by inadequate support, especially finance. With proper funding, it will begin to attract more global appeal.…
Upperlink to Launch ‘Upperlink Paygate’ Collection Platform
An indigenous software development company Upperlink, licensed by the Central Bank of Nigeria (CBN) as a Payment Solution Service Provider (PSSP) announced it has signed a partnership agreement with a…
Finally, CBN Orders Banks to Receive, Dispense Old Naira Notes
A few hours after the Presidency said it did not inform the Central Bank of Nigeria not to comply with the Supreme Court judgment, the apex bank directed commercial banks…
CBN Denies Gov. Soludo, says “no Order has been Given to Banks”
In light of the growing currency crisis, the Central Bank of Nigeria has clarified its position on ordering commercial banks to accept and dispense outdated Naira notes. According to DAILY…