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Nigeria digital economy

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Nigeria warns agency heads of sanctions over inflated contracts

Nigeria's federal government says heads of state-owned enterprises who award inflated contracts outside procurement law will face sanctions, in a new directive from George Akume.
News

Lagos police rescue three girls from suspected trafficking in Badagry, hunt for traffickers

A routine patrol in Badagry stopped a motorcycle carrying three girls who police say are trafficking victims, and officers are now hunting the suspected traffickers.
News

Nigeria Allocates ₦822 Billion to Digital Economy Over Six Years

Nigeria spent more than ₦822 billion on its digital economy ministry over six years, with sharp swings in funding and capital projects dominating allocations.
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Rising Naira Costs Push Starlink Out of Reach for Many Nigerians

The weakening naira has caused Starlink prices to surge by 115%, leaving many Nigerians struggling to afford the satellite internet service that was once accessible.
Business

CBN Introduces New Rules to Monitor PoS Transactions

The Central Bank of Nigeria introduces new PoS transaction rules, requiring payments to go through licensed platforms for improved security and transparency
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Telcos Face Shrinking Investments as Return on Capital Turns Negative

Telecom companies in Nigeria are seeing investments shrink as their return on capital turns negative, raising concerns about the sector's sustainability and growth.

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News

Nigeria warns agency heads of sanctions over inflated contracts

Nigeria's federal government says heads of state-owned enterprises who award inflated contracts outside procurement law will face sanctions, in a new directive from George Akume.
News

Lagos police rescue three girls from suspected trafficking in Badagry, hunt for traffickers

A routine patrol in Badagry stopped a motorcycle carrying three girls who police say are trafficking victims, and officers are now hunting the suspected traffickers.
News

Nasarawa polio drive: state partners UNICEF, WHO ahead of Nov. 7 campaign

Nasarawa has called for intensified awareness ahead of a Nov. 7 to 10 polio vaccination campaign after reports of suspected cases, with UNICEF backing.
News

FG’s N70,000 transport allowance for workers could cost N465.7 billion as TUC rejects the deal

Nigeria’s 70,000 naira transport allowance could cost 465.7 billion naira over six months, and the Trade Union Congress says workers need a permanent raise instead.