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Telecom

NCC, NSCDC to Prosecute Contractors over Fibre Optic Cable Damage

The Nigerian Communications Commission (NCC) and the Nigeria Security and Civil Defence Corps (NSCDC) have warned that contractors and construction firms responsible for damaging fibre optic cables during civil works will now be prosecuted. This was announced in a joint statement issued in Abuja where the two agencies said the increasing cases of fibre cuts […]

Fintech

New Study Reveals How Moniepoint Powers Nigeria’s Downstream Oil Sector with Same-Day Settlements and Working Capital Boost

In a move to strengthen Nigeria’s downstream oil and gas sector, Africa’s all-in-one financial platform for businesses and their customers, Moniepoint Inc. says it is transforming how petrol stations across the country manage payments, access credit, and track inventory through innovative financial solutions. As the largest distribution network for financial services in Nigeria, the leading […]

Business news

SEC Warns of Potential Ponzi-style Risks in AURUM BOT, ModMount

Securities and Exchange Commission (SEC) has issued warnings regarding the activities of AURUM BOT and ModMount Services Limited. The apex regulator of the capital market flagged both entities for operating without the necessary legal licenses and for exhibiting high-risk characteristics typically associated with fraudulent Ponzi schemes. This SEC’s newest move in 2026 is part of […]

Telecom

FG to Acquire Two Communications Satellite to Boost Digital Access

Federal government is preparing for the acquisition of two new communication satellites as it advances a nationwide fibre-optic rollout. Dr. Bosun Tijani, minister of communications, innovation, and digital economy, made the announcement during a press briefing in Abuja commemorating Global Privacy Day 2026, which was hosted by the Nigerian Data Protection Commission. The minister said […]

Telecom

NCC Unveils Spectrum Roadmap to Power Nigeria’s $1tr Digital Economy

As part of efforts to strengthen Nigeria’s digital infrastructure and accelerate the country’s push towards a $1 trillion digital economy, the Nigerian Communications Commission (NCC) has unveiled a new Spectrum Roadmap for 2026–2030, alongside draft guidelines for opening the lower 6GHz and 60GHz bands. Stakeholders in the telecommunications sector on Monday converged in Abuja for […]

News

Nigeria Recorded 4,622 Cyber-attacks Per Week in December 2025

In December 2025, organisations globally faced sustained cyber pressure, as the average number of cyber-attacks per organisation per week reached 2 027, a 1% increase from the previous month and a 9% increase from December 2024. This is according to December 2025 Global Cyber Attack Statistics by Check Point Research, the threat intelligence arm of […]

Tech

Half of Global Companies Build SOCs to Enhance Cybersecurity, with a Focus on Human Expertise

Among the primary reasons for establishing a Security Operations Center (SOC) are strengthening cybersecurity posture, enabling faster detection and response and gaining a competitive edge. Interestingly, despite the increasing demand for automated cybersecurity solutions, businesses rely on skilled security professionals to make key decisions, as human expertise remains essential for effective security management. A Security […]

Telecom

FG Plans to Invest $460m World Bank Loan in Fibre Infrastructure

Federal Government plans to channel $460m World bank loan, representing about 92 per cent of a $500m, into the proposed fibre infrastructure company set up to deploy 90,000 kilometres of climate-resilient broadband fibre across the country. This is contained in the Financing Agreement for the Building Resilient Digital Infrastructure for Growth project between the Federal […]

Business news

SEC Urges IST to Freeze all CBEX Bank Accounts in Nigeria

The Securities and Exchange Commission (SEC) has asked the Investments and Securities Tribunal (IST) to order the freezing of all bank accounts belonging to Crypto Bridge Exchange (CBEX) and other defendants held in commercial banks and financial institutions across Nigeria. The request was made in Suit No. IST/OA/02/2025: Securities and Exchange Commission & Anor v. […]

Tech

NiDCOM Launches Diaspora Startup Challenge to Boost Nigerian Talent

The Nigerians in Diaspora Commission (NiDCOM) has sought to harness the innovation and expertise of Nigerians across the globe with the launch of the Connected Diaspora x DOWA Start-Up Challenge and the Connected Diaspora Flagship Event 2025. Speaking at a news conference in Lagos, Abike Dabiri-Erewa, Chairman/CEO of NiDCOM, described the initiatives as timely and […]

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