Technology

Minister of Communications Pantami Meet with officials from SpaceX.

Isa Ali Pantami, Minister of Communications and Digital Economy of Nigeria held meetings at Space Exploration Technologies Corporation (Space X) headquarters in Hawthorne, California to discuss the expansion of the company’s presence in Nigeria, following their entry into the Nigerian market via the Starlink broadband service. The minister was received on arrival by Samuel ‘Chad’ Gibbs IV…
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Banking

How Interswitch is leading Africa's new digital payment age

Africa’s payments scene has been defined by a constant influx of technologically advanced new solutions. While businesses changed the way they operated to keep up with trends around the world, some failed to adapt and lost market share due to a lack of innovation.
Banking

CBN cash limit claim to fix inflation counterfactual, says Bismarck Rewane

The cash withdrawal cap and new currency policies, which seek to lower inflation, increase the value of the naira, and minimize vote buying, have been criticized by Bismarck Rewane, managing director and CEO of Financial Directives, as being contrary to economic theory. The economist said in an interview on Arise TV on Friday that the ability of a currency to facilitate the exchange of goods and…
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EventsMarkets

Uyi Godson, CEO of Still Broke, shared a checklist for event promoters before booking artists.

Serial entrepreneur Uyi Godson, co-founder of Still Broke Limited, and associate of Wizkid recently used social media to offer a checklist of the most crucial actions a promoter should take in order to create a successful music event and book musicians. It is straightforward but worth mentioning to prevent event cancellation and reduce return on investment (ROI), as occurred to Wizkid in Ghana…
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Banking

In just 11 months, PoS transactions in Nigeria climbed by 20.5%.

The Nigerian Inter-Bank Settlement Scheme (NIBSS) data for the past eleven months reveals that the amount of Point of Sale (PoS) transactions climbed by 20.5 percent to 1.06 trillion from 883 million in the same time of 2021. However, its worth increased by 32% from N5.73 trillion in the same period of 2021 to N7.56 trillion as of November 2022. The new N20,000 daily cash withdrawal cap through…
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