Nigeria’s NITDA partners Cisco to boost to AI, agritech

Economist lists changes in policy, licensing requirements and taxation as among several issues thwarting investment.

The Ounje Eko food discount initiative is designed to counter surging inflation in Nigeria and uses PalmPay’s QRcode-based payment systems.

With the aim to improve relations between Nigerian start-ups and US-based venture capitalists, the Nigeria Start-up House will also receive support and funding from Nigerian tech firms.

The new fibre backbone will increase Internet penetration in Nigeria to over 70% and reduce the cost of Internet access by over 60%, according to the country’s comms minister.

According to non-governmental organisations, warring factions are destroying telecom infrastructure and blocking the usage of satellite internet services.

Airtel expressed concern about the Nigerian naira devaluation in June 2023 and earlier this year, as well as the Malawian kwacha devaluation in November 2023.

The Nigerian Ministry of Information and National Orientation dismissed bribery allegations as Binance's well-coordinated public relations operation to repair its tarnished reputation.

According to the research, Kenya, Nigeria, and Ghana, are leading the way in cybersecurity preparation.

The Central Bank of Nigeria instructed banks and other financial institutions this week to apply a 0.5 percent cyber security fee on all electronic transfers.

The government has since declared measures to crack down on cryptocurrency activity by delisting the naira from all peer-to-peer platforms.

Out of the US$1,6 million required this year, only 28 percent of the funds have been secured.