Telecoms and IT

Nigeria Should Simplify Taxes, Cut Fees to Boost Tech Sector –Google

Nigeria's government should simplify taxes and reduce fees involved in laying fibre optic cables to encourage development of infrastructure for the technology industry, Google's manager in the West African country said on Tuesday.

Juliet Ehimuan-Chiazor told Reuters boosting the technology industry would help diversify Nigeria's oil-dependent economy, the largest in Africa and which is now in its second year of a recession caused mainly by low crude prices.

Towards Affordable Internet in Nigeria

The Minister of Communications, Adebayo Shittu, on Tuesday signed the renewal of Memorandum of Understanding (MOU) with the Alliance for Affordable Internet (A4AI), to ensure affordable internet in Nigeria.

Shittu signed the three-year MOU during the A4AI Nigerian Coalition meeting in Lagos.

He said that the Federal Government recognised the urgent need to increase access to and usage of internet and broadband in Nigeria.

GSM subscriptions in Nigeria hit 154 million

No fewer than 154 million Nigerians are now active subscribers of the General System on Mobile Communications (GSM), the Executive Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has said.

Speaking on Friday during the NCC day at the ongoing Enugu International Trade Fair, Danbatta said that the country’s social media space had continued to thrive.

Customs adopts electronic auction of seized goods

Nigeria Customs Service (NCS) has decided to adopt electronic platform to conduct the auction of seized goods to ensure transparency.

Mr Joseph Attah, NCS spokesman, told the News Agency of Nigeria at the weekend in Abuja that the platform was presently undergoing user acceptability test.

“What that means is that in the very near future in a matter of weeks, the NCS will officially deploy its trade portal.

Smart Machines versus Hackers

There is a gaping hole in the digital defences that companies use to keep out cyber thieves.

The hole is the global shortage of skilled staff that keeps security hardware running, analyses threats and kicks out intruders.

Currently, the global security industry is lacking about one million trained workers, suggests research by ISC2 - the industry body for security professionals. The deficit looks set to grow to 1.8 million within five years, it believes.

How the invention of paper changed the world

The Gutenberg printing press - invented in the 1440s by Johannes Gutenberg, a goldsmith from Mainz in Germany - is widely considered to be one of humanity's defining inventions.

Gutenberg figured out how to make large quantities of durable metal type and how to fix that type firmly enough to print hundreds of copies of a page, yet flexibly enough that the type could be reused to print an entirely different page.

Etisalat Gets Reprieve Over ₦541b Debt

The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have secured a reprieve for Etisalat which is facing a N541.8 billion debt crisis.

The company is threatened to be taken over by its creditors because of it has defaulted in repaying the loan.

Mr Tony Ojobo, the Director of Public Affairs of NCC, said in a statement on Saturday in Lagos, that the reprieve came following a meeting convened by CBN and NCC to find a quick resolution to the crisis.

Regulators Push for Deal in Etisalat Debt Talks

Nigeria's telecoms regulator and central bank governor intervened on Thursday to try to help Etisalat Nigeria resolve debt restructuring talks with its lenders, after the company missed a payment on a $1.2 billion loan.

A banking source told Reuters on Wednesday that the Nigerian affiliate of Abu Dhabi-listed telecoms company Etisalat had given notice to its Nigerian lenders that it would miss a payment in February. Debt talks were triggered 10 days ago but the two sides have not been able to agree on terms.

Peugeot Manufacturer Buys Vauxhall-Opel

PSA Group, makers of Peugeot and Citroen cars has agreed to buy Opel from General Motors (GM) for 2.2 billion euros ($2.3 billion).

With the buy up of Opel, PSA will become a new regional car giant to challenge market leader Volkswagen.

PSA Chief Executive Carlos Tavares vows to make Opel and its British Vauxhall brand to profit, with an operating margin of 2 percent within three years and 6 percent by 2026.

“We’re confident that the Opel-Vauxhall turnaround will significantly accelerate with our support,” Tavares said in a statement.

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