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Friday, March 24, 2023
Confirmed! Nigerian banks must open @weekends, says CBN, evacuates notes to ease circulation - ITREALMS
As part of a coordinated effort to ease the circulation of banknotes of various denominations, the Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country, reports ITREALMS.
UK-Nigeria Tech Hub, Google collabo for women start ups, dangles N1.3bn - ITREALMS
The UK-Nigeria Tech Hub, a pillar of the UK government's broader Digital Access Program (DAP), has collaborated with Google for Startups in Africa, especially women funders, dangling the sum of $3million, about N1,381,440,000.00 billion, reports ITREALMS.The two entities, ITREALMS gathered will award $3 million in Google Cloud credits to women founders in Nigeria, thereby subsidising cloud technology-related costs for startups, and allowing them to focus on innovation, customer acquisition, and growth.
5G offering: Samsung unveils Galaxy A54, A34 devices in Nigeria - ITREALMS
Samsung Electronics has unveiled a suite of its Fifth Generation (5G) series, namely the Galaxy A54 5G and Galaxy A34 5G, into the Nigerian telecom markets, reports ITREALMS.The two innovative smartphones, ITREALMS gathered tend to advance Samsung Galaxy’s commitment to designing awesome mobile experiences, and promises Samsung's brighter display, more advanced cameras and longer battery life than previous models, even as the new Galaxy A series delivers outstanding mobile technology for all.
Thursday, March 23, 2023
IWD 2023: Emefiele harps on gender parity - ITREALMS
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has felicitated Nigerian women and called for more engaging conversations on how women could leverage technology and innovation to bridge the digital gender gap, reports ITREALMS.In a keynote address at the CBN IWD webinar in commemoration of the International Women’s Day Celebration on March 23, 2023, Emefiele noted that digital financial services had become a critical dependency in the economy, providing vast opportunities to bridge the digital gender gap, drive financial inclusion and increase employment and economic opportunities for women.
Nigeria records 3.8m cyber attacks over governorship elections - ITREALMS
Nigeria has recorded a total of 3,834,244 attacks originating from both within and outside the country during the governorship and state assembly elections at the weekend, reports ITREALMS.The Minister of Communications and Digital Economy, Isa Ali Pantami, gave the break down as that on Friday 17th March, 2023 recorded 1,046,896; Saturday 18th March, 2023 had 1,481,847; Sunday 19th March, 2023 witnessed 327,718 and Monday 20th March, 2023 saw to 977,783.
NLNG joins OGMP 2.0 to reduce methane emissions - ITREALMS
Nigeria LNG Limited (NLNG) has joined the Oil and Gas Methane Partnership (OGMP 2.0), a partnership coordinated by the United Nations Environment Programme (UNEP) to reduce methane emissions and improve the accuracy and transparency of methane emissions reporting.
FirstBank's FMAP 3rd application round closes today - ITREALMS
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has confirmed that its call for participation in the third season of its FirstBank Management Associate Programme (FMAP) would close today, Thursday, March 23, 2023, reports ITREALMS.
Interested participants, ITREALMS gathered, are required to submit their application.
Chinedu Lagos: Connecting the dots – ITREALMS
Features, TelecomsClinic@ITREALMS ... making leadership
SENSE with digital news!
Despite threats to lives and properties in Lagos during the 2023 general elections, ITREALMS' REMMY NWEKE highlights the missing links worthy of leveraging by peace-loving Nigerians, arguing that we are deeply connected than could be imagined.
How Tayo connected the dots:
Just before the commencement of the 2023 general elections in Nigeria, the apex
regulator of banks in the country, the Central Bank of Nigeria (CBN) began
another phase of its cashless policy and introduction of the redesigned new
Naira note.
That weekend, I had a few things to fix in one of the vehicles, and the best
bet was a reference at the popular Ladipo Spareparts Market in Mushin. The
reference was a young man named Tayo, who specialises in using scanner to detect
certain faults and fixing same.
Courtesy of Iya POS:
After Tayo finished, efforts to pay him via the USSD could not work out as my
bank kept returning with an error message that the transaction could not be
processed. I switched to the mobile application of the bank, aka 'mobile app'
basically for online banking and was told the transaction could not be
completed that I should contact my bank.
Relying on using the various wallets to sort out
any transaction with obvious scarcity of cash, I inquired about any Point of
Sale (POS) agent around the park, as I collected Tayo’s bank details of which
he promptly pointed at one POS outlet. So, both of us approached the shop. The
operator, Iya Kola who had stepped out to give POS service to some folks in a
nearby 'refined' restaurant known as Iya Amala for their assorted Nigerian
local dishes.
USSD is the Unstructured Supplementary Service
Data introduced as the Global System for Mobile Communications (GSM) protocol
that is used to send text messages and could also be used to make mobile
transfers.
On the other hand, POS is Point-of-Sale handy device that affords a customer to
execute given payment for goods or services and where sales taxes, bills may be
paid through.
On inquiry, I was told that Iya Amala, now a landlady in a Lagos suburb, has
grown her business, that she has been cooking for both Yoruba and Igbo clients
as well as other ethnic groups in the market for over five years. So, Iya Kola
managed to know why her attention was being called, just a stone throw from her
shop by her son, and there, we were, standing to be attended to.
Few minutes later, she joined us and the transaction was done. And because I
would not like to just pay for parking space of N1000 for a day, I inquired
where to get a good mechanic to change my car oil since I was inside the market
and could easily locate kind of motor oil for servicing. A young man in his
late 40s was called. "Doctor, doctor" were the shouts that followed.
Informed that he was a ‘Motor Doctor,’ while his real name was Adekunle, I was relaxed to ask for his mobile number and by putting a call across, was directed to a nearby workshop to meet him.
Wednesday, March 22, 2023
ITU goes to New Delhi with Innovation Centre - ITREALMS
The International Telecommunication Union (ITU) has opened the ITU Area Office and Innovation Centre today in New Delhi, India, reports ITREALMS.
ISOC decries Canadian News Act, says 'It'll restrict innovation & growth in digital space' - ITREALMS
The Internet Society (ISOC) has decried the Canadian News Act, describing it as instrument to stifle freedom of expression, restrict innovation and growth of digital economy, reports ITREALMS.
Tinubu heads to Saudi Arabia for lesser hajj - ITREALMS
The All Progressive Congress (APC) presidential candidate in the 2023 controversial election, Asiwaju Bola Ahmed Tinubu has headed out to Saudi Arabia for Umrah, which is the lesser hajj, reports ITREALMS.A press statement from his media office by Tunde Rahman, and made available to
ITREALMS, he said that after a very exhaustive campaign and election season, that Tinubu, has travelled abroad to rest and plan his transition programme ahead of May 29, 2023 inauguration.
Ramadan: Konga bullish for nourishment, personal care needs - ITREALMS
Alex Otti of LP emerges winner of Abia State governorship election - ITREALMS
After days of undecided, the Independent National Electoral Commission (INEC) on Wednesday afternoon declared the governorship election results for Abia State, with the Labour Party (LP) candidate, Dr. Alex Otti, emerging as a winner, reports ITREALMS.According to INEC State Returning Officer, Prof. (Mrs) Nnenna Oti, said that the Labour Party candidate scored a total of 175,467 votes to beat his closest rival, Okey Ahiwe of PDP, who got a total of 88,529 votes.
FGN removes 5% excise duty for telecoms services - ITREALMS
The Federal Government of Nigeria (FGN) has removed the five per cent excise duty for telecom sub-sector in the country, reports ITREALMS.
This, FG said is in line with the recommendations of the Committee it constituted to review the applicability of the duty to the telecom sector which is considered already overburdened with taxation and sundry levies.
Disclosing this, the Minister of Communications and Digital Economy, Isa Ali Ibrahim Pantami, said in Abuja at a press briefing organised to provide updates on the status of the 5 per cent excise duty, whose applicability to the telecom sector was objected by the Minister in August 2022.
ITREALMS recalled that following the objection, the President, General Muhammadu Buhari, retired, suspended its application to the telecom sector and set up a Presidential Review Committee on excise duty in the digital economy sector.
Pantami, who is the Chairman of the Committee, specifically set up for the purpose of reviewing the proposed excise duty in the telecom sector, said the Committee had carried out its national assignment and accordingly submitted report to the President, justifying why the sector should be exempted.
As said by Pantami, the Committee’s submissions could be summed up in three arguments put forward to justify why additional burden in form of taxes or any levy should not be imposed on the telecom sector to prevent a reversal of the important contribution the sector is making to the growth of the Nigerian economy.
“Our justifications are based on three premises: First, is the fact that operators in the telecoms sub-sector of the digital economy industry currently pay no fewer than 41 different categories of taxes, levies and charges; secondly, that telecoms has continued to be a major contributor to Nigerian economy in terms of Gross Domestic Product Contribution (GDP).
“The third ground for contesting the Excise Duty in telecom sector is the fact that, despite increase in the cost of all factors of production across sector, and naturally leading to increase in costs of products and services, telecom sector is the only sector where cost of service has been stable and in many cases continued to go down over the past years and therefore, adding more burden will destroy the sector,” the Minister said.
Also, the Minister said, that the President, having looked into the arguments put forward by the Committee and relying on the provision of the Section 5 of the Nigerian 1999 Constitution, as amended, has therefore, exempted telecom sector from the list of sectors to pay the excise duty as stated in Finance Act of 2021 and other subsidiary legislations, all of which are not as superior as the Constitution which permits the President to grant such waiver.
“I am happy to report to you that President Muhammadu Buhari, has approved the exemption of the digital economy sector from the five percent excise duty to be paid and this is because of the strength of the argument presented to him by the Committee that additional burden on telecom sector will increase the sufferings of Nigerians and that other sectors that are not making as much contribution to the economy should be challenged to do more and pay the 5 per cent excise duty,” Pantami said in a press statement available to ITREALMS by Director, Public Affairs, Nigerian Communications Commission (NCC), Mr Reuben Muoka.
The minister equally assured Nigerians, who are telecom consumers, that the presidential exemption given to the telecom sector shall be sustained by the incoming administration as “the decision by the President is not about any political party or any administration but about Nigeria and welfare of Nigerian citizens."
Further, he noted that the digital economy sector has continued to contribute significantly to the growth of the Nigerian economy, having contributed 14.07 per cent to the GDP in the first quarter of 2020; 17.79 per cent in the second quarter of 2021; and 18.44 per cent in the second quarter of 2022.
He said the sector has also increased its quarterly revenue generation for government from N51 billion to over N480 billion, representing a growth of 594 per cent; while the cost of buying data has also reduced from N1,200 in 2019 to N350 presently, despite the increase in the cost of operations, including the energy challenge that has caused mobile network operators to power base stations with over 32,000 power generating to provide seamless services to their teeming consumers.
Tuesday, March 21, 2023
Energy security: Mbasogo, Biya in a bilateral treaty - ITREALMS
Akande unveils NCC's TELCARE centre @Terminal C Abuja Airport - ITREALMS
The Chairman, Board of Commissioners of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, at the weekend, lead guests to unveil the Telecom Consumer Assistance, Resolution and Enquires (TELCARE) Centre at the Terminal C of the Nnamdi Azikwe International Airport, Abuja, reports ITREALMS.
TELCARE, ITREALMS gathered, is the beginning of the helpdesk project expected to adorn some airports and other similar public locations across the country.
Monday, March 20, 2023
Niger Delta people: Lagos election, declaration of war against our people - ITREALMS
The Indigenous People of Niger Delta (IPND) has declared that the level of harassment and intimidation, and threat to lives of Ndigbo in Lagos is a declaration of war against their people, warning Yoruba warmongers that their peaceful nature and hospitality should not be taken for cowardice, reports ITREALMS.President General, Indigenous People of Niger Delta (IPND), Tiemo Pumokumo made this known and warned the definition of the Ndigbo in those attacks were targeted at non-indigenes of both South-East and South South among citizens from other parts of the country outside Yoruba land.
Wanted! Accurate education statistics in Nigeria - ITREALMS
Education data typically involves data compiled from schools on graduation rates, drop-out rates, test score averages, and the most vital – external examination performances.
Sunday, March 19, 2023
Lagos ACOMIN holds dissemination meeting, reiterates focus on GC7 - ITREALMS
The Civil Society for Malaria Control, Immunization and Nutrition (ACOMIN) has held its state dissemination meeting in Lagos with focus on the Grant Cycle 7 (GC7), reports ITREALMS.ACOMIN is the national network of civil society organizations working on the prevention, treatment and mitigation of the impact of malaria, and the promotion of immunization and better nutrition in Nigeria.

















