Category: Information Technology

Delisting of Naira from P2P Trading Platforms Underway

17May

By adminNo Comments

Economy, Finance, Information Technology, Nigeria

Delisting of Naira from P2P Trading Platforms Underway

In a supposed move to stabilize the Nigerian currency, the Securities and Exchange Commission (SEC) announced yesterday that several cryptocurrency exchanges have begun the process of delisting the Naira from Peer-to-Peer (P2P) trading platforms. This action follows a directive issued last week by the SEC in collaboration with the Office of the National Security Adviser (ONSA). The directive mandates digital currency operators to remove the Naira as a fiat currency option on their platforms. This measure aims to protect the Nigerian currency from potential manipulations that could undermine its value. The SEC's recent checks confirmed that the KuCoin platform has already started implementing this change, adjusting its technology to accommodate the delisting of the Naira. See Also: C...

14May

By adminNo Comments

Information Technology, Uncategorized

OpenAI Makes ChatGPT- 40 Free for All

OpenAI has just launched a new version of ChatGPT-4o. It describes this as its most powerful language model to date, during a livestreamed event on Monday. Unlike previous iterations, ChatGPT-4o is now available to everyone for free. This revolutionary model boasts enhanced text and audio handling capabilities and supports over 50 languages. While text and image input are already accessible through the API and ChatGPT, the company plans to roll out voice and video features in the coming weeks. OpenAI CEO Sam Altman emphasized the company's commitment to providing AI tools to everyone, stating on his personal blog, "Our initial conception when we started OpenAI was that we’d create AI and use it to create all sorts of benefits for the world. Instead, it now looks like we’ll create AI...

Trust TV Fined N5 Million by NBC Over Documentary on Bandits

4Aug

By Osaretin BalogbanNo Comments

Information Technology, Nigeria

Trust TV Fined N5 Million by NBC Over Documentary on Bandits

Television broadcasting network, Trust TV, has been fined N5 million by the National Broadcasting Commission (NBC) over its broadcast of a documentary titled “Nigeria’s Banditry”. The television network has been fined for broadcasting a documentary showcasing the activities of bandits, the documentary titled “Nigeria’s banditry - the inside story” which aired on the 5th of March, 2022. The fine came after the Minister of Information and Culture, Lai Mohammed, vowed to sanction both Trust TV and British Broadcasting Corporation, BBC Africa, for airing documentaries showing the activities of bandits and terrorists in Nigeria. See Also: BBC and Trust TV to Face Sanctions By Federal Government The Minister condemned the documentaries saying NBC would sanction each media house ...

BBC and Trust TV to Face Sanctions By Federal Government

29Jul

By Osaretin BalogbanNo Comments

Communication, Information Technology, News, Nigeria, Power, Terrorism

BBC and Trust TV to Face Sanctions By Federal Government

The Federal Government has vouched to sanction the British Broadcasting Corporation (BBC) and Trust TV for propagandising terrorism and banditry. The Minister of Information and Culture Lai Mohammed made the announcement on Thursday. This announcement came after media houses, Trust TV and BBC Africa Eye aired documentaries showcasing the activities of bandits and terrorists. Lai Mohammed reacted to the documentaries, calling the media houses unprofessional as they intended on promoting activities of terror and violence. See Also: Bandits Abduct Motorists On Abuja – Kaduna Highway He criticized the media house, Trust TV for interviewing bandit kingpin, Shehu Rekeb, saying the media outlet is promoting the acts of terrorists. The Minister also condemned the BBC, saying...

SIM-NIN: Deactivated Subscribers Storm Telecom Outlets, Queues Mount

6Apr

By Chinedu IbeakanmaNo Comments

Communication, Information Technology, News, Nigeria

SIM-NIN: Deactivated Subscribers Storm Telecom Outlets, Queues Mount

SIM Cards Some telecommunication subscribers were left stranded on Tuesday after telecom companies barred their lines from making calls following a directive from the Federal Government. The Federal Government had on Monday directed telecom companies to enforce compliance with its National Identification Number-Subscriber Identity Module policy by blocking outgoing calls on all unlinked lines after the deadline for the SIM-NIN verification expired on March 31. While giving the directive, the government revealed that 125 million SIMs had submitted their NINs for linkage. The Nigerian Communications Commission stated that there were 197.77 million active telecom subscribers as of February 2022. This means that over 72.77 million active telecom subscribers will be affected...

Telecom Operators Block Unlinked NIN-SIM Calls

5Apr

By Chinedu IbeakanmaNo Comments

Communication, Information Technology, News, Nigeria

Telecom Operators Block Unlinked NIN-SIM Calls

SIM Cards The Association of Licensed Telecommunication Operators of Nigeria (ALTON) has complied with the Federal Government’s order to block certain lines. ALTON says subscribers affected are those yet to link their National Identification Number (NIN) with their SIM. The Chairman, Gbenga Adebayo, and Head of Operations, Gbolahan Awonuga, made an announcement on Tuesday via a statement. They confirmed that operators received a formal directive from the Nigerian Communications Commission (NCC). Read Also: MTN, GLO, Other Telecoms Companies In Nigeria Threaten To Increase Tariffs The body said lines that are not in compliance with the NIN-SIM Linkage Policy requirement would remain shut out. The policy requires that all Subscriber Identification Modules (SIMs) must be...

NIN-SIM Linkage: FG Orders Telcos To Bar Outgoing Calls On All Unregistered SIMs

4Apr

By Obiajulu Joel NwoluNo Comments

Communication, Information Technology, News, Nigeria

NIN-SIM Linkage: FG Orders Telcos To Bar Outgoing Calls On All Unregistered SIMs

Isa Pantami The federal government has directed telecommunication companies to bar outgoing calls on all unlinked lines. Unlinked lines are subscriber identity module (SIM) cards not yet linked with the National Identification Number (NIN). In December 2020, Isa Pantami, minister of communications and digital economy, announced the integration policy of SIM cards into the national identification number (NIN) database. Ikechukwu Adinde, director, public affairs, Nigerian Communications Commission (NCC) and Kayode Adegoke, head, corporate communications, National Identity Management Commission (NIMC), disclosed this in a joint statement on Monday. According to the statement, President Muhammadu Buhari approved the implementation of the NIN-SIM policy with effect from the...

23Mar

By Chinedu IbeakanmaNo Comments

Corruption, Crime, Information Technology, News, Nigeria

EFCC Arrests 33 Internet Fraud Suspects

Operatives of the Lagos and Enugu Zonal Commands of the Economic and Financial Crimes Commission on Tuesday arrested 33 internet fraud suspects in separate sting operation. Seventeen of the suspects were arrested in Lagos while 16 others were nabbed at Enugu. The 17 suspects arrested in Lagos are Adefila Ayobami Ezekiel, Anamene Somtochukwu, Nzeako Kosisochukwu Anthony, Afolabi Ayomide Henry, Olatona Ayodeji Ebenezer, Obioho Ikenna Raphael, Famolayo Femi Hammed, Mintah-Joshua Oluwafemi, Martins Victor Onuoha, Babatunde Haruna Oluwaseyi, Taiwo Bolaji Kehinde, Ibeakolam Goodluck, Onaolapo Iyanu Samuel, Jamiu Damilola Lawal, Adeyanju Fawaz, AdejideSamuel and Obioho Obinna. They were arrested in an Estate around the Ikota axis of Lagos following credible intelligence received by ...

NIN-SIM Linkage: Security Agencies Get Buhari’s Nod To Access Subscriber Details

4Feb

By Chinedu IbeakanmaNo Comments

Communication, Information Technology, News, Nigeria, Security

NIN-SIM Linkage: Security Agencies Get Buhari’s Nod To Access Subscriber Details

Some security agencies have got approval from President Muhammadu Buhari, to access the database of the National Identity Management Commission in the course of carrying out their duties. As a result, the Minister of Communications and Digital Economy, Isa Pantami, said his office through the Nigerian Communications Commission, has conveyed the approval to the relevant security agencies. He did not give the names of the security agencies. He, however, said the development would enhance security as it would help security operatives to go after kidnappers and other criminals. Pantami disclosed this while speaking to Nigerian journalists on the sidelines of LEAP 22, a technology event, currently holding Riyadh, Saudi Arabia. He said, “Some of the security institutio...

Nigeria Lost N10.72trillion To Twitter Ban — LCCI

15Jan

By Obiajulu Joel NwoluNo Comments

Communication, Finance, Information Technology, News, Nigeria

Nigeria Lost N10.72trillion To Twitter Ban — LCCI

The Nigerian economy lost N10.72trillion to the suspension of microblogging platform, Twitter, the Lagos Chamber of Commerce and Industry said. The figures were disclosed in a statement issued on Friday by Chinyere Almona, Director-General, LCCI. “In business terms, the cost of the seven-month shutdown of Twitter operations in Nigeria is estimated to be N10.72trillion ($26.1billion) according to Netblock’s Cost of Shutdown Tool,” Almona said. This is a huge loss to Nigeria as it represents about 63% of Nigeria's N17.1trillion budgeted for 2022. Recall that on June 4, the Nigeriag Government announced the suspension of Twitter after the social media platform deleted a tweet by President Muhammadu Buhari. Read Also: Twitter Reacts To Lifting Of Ban In Nigeria After Over 200 Da...