The Retailers Unlocking Africa’s Luxury Market The African continent has long been a target for global luxury brands looking to expand their reach and tap into the growing consumer market. Traditionally, these brands have focused on establishing a presence in key markets such as South Africa, Nigeria, and Morocco through multi-brand stores. However, a shift […]
Nigeria demands $81.5 billion from Binance over taxes and currency impact
Nigeria’s Lawsuit Against Binance: Unpacking the $81.5 Billion Demand Nigeria, a country at the forefront of cryptocurrency adoption in Africa, has recently made headlines by filing a lawsuit against the global cryptocurrency exchange, Binance. The lawsuit, brought by Nigeria’s Federal Inland Revenue Service (FIRS), demands a staggering $79.5 billion in damages for alleged economic losses, […]
Nigeria’s new proposal to tax crypto transactions
Nigeria’s National Assembly Considers Taxing Crypto Transactions Nigeria, known for its bustling cryptocurrency market, is making waves once again with a new proposal that could potentially reshape the landscape of digital asset transactions. A bill currently under review in the National Assembly aims to introduce a formalized system for taxing transactions conducted on regulated exchanges. […]
Nigeria partners with WIOCC on $10 million fibre-to-home internet project for economic growth
Nigeria Partners with WIOCC on $10 Million Fibre-to-Home Internet Project for Economic Growth Nigeria, a country with a burgeoning economy and a rapidly expanding digital landscape, has taken a significant step towards enhancing its technological infrastructure. By partnering with WIOCC on a $10 million fibre-to-home internet project, Nigeria aims to not only bridge the digital […]
ProFuturo and American Tower Expand Digital Education Initiatives to Nigeria
In a significant move towards enhancing digital education in Nigeria, ProFuturo and American Tower have announced the expansion of their digital learning initiatives. This collaboration is poised to provide nearly 30,000 students in vulnerable communities across Africa and Latin America with access to vital digital learning tools and opportunities. The foundations of this initiative are […]
Ericsson Partners with Nigeria for 5G Development
In an exciting advancement for Nigeria, telecommunications giant Ericsson has signed a memorandum of understanding (MoU) with the Nigerian government to collaborate on the development and deployment of 5G technology. This partnership aims to significantly bolster Nigeria’s digital transformation efforts, thereby driving economic growth and enhancing public services across the nation. The primary objectives of […]
Strategic Initiatives to Protect Nigeria's Telecom Infrastructure
In an era where cyber threats loom large and infrastructure vulnerabilities are exposed, Nigeria faces a critical challenge within its telecommunications sector. Recent proposals from IHS Towers, the Association of Licensed Telecoms Operators of Nigeria (ALTON), and the Nigerian Communications Commission (NCC) have outlined strategic initiatives aimed at safeguarding the nation’s telecom infrastructure from cyber […]
Nigeria to Offer Free Internet in Public Places
In a groundbreaking move aimed at enhancing digital access, Nigeria is set to provide free internet services in various public locations across the nation. This initiative, recently introduced by the House of Representatives, is designed to bolster the role of information and communication technology (ICT) in nation-building while addressing the persistent digital divide that affects […]
Nigerian Authorities Freeze Crypto Traders' Bank Accounts Amid Currency Crisis
In a decisive action taken by Nigeria’s Economic and Financial Crimes Commission (EFCC), over $330,000 in bank accounts linked to cryptocurrency traders have been frozen. These traders are accused of manipulating the Nigerian naira through unauthorized foreign exchange trading on platforms such as Kucoin and Bybit. The EFCC’s move underscores a growing concern regarding the […]
NITDA and NBS Join Forces to Transform Nigeria's Digital Landscape
The National Information Technology Development Agency (NITDA) and the National Bureau of Statistics (NBS) of Nigeria are embarking on a significant collaboration aimed at enhancing the country’s digital landscape. This partnership aligns closely with President Bola Tinubu’s ‘Renewed Hope Agenda,’ which seeks to drive sustainable economic growth and improve public service delivery through innovation and […]