Chike Onwuegbuchi

Nigeria

Deputy Editor-in-Chief at Nigeria CommunicationsWeek

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Articles

CSCS Reports Strong 2024 Results as PBT Rises by 24%

1 week ago | nigeriacommunicationsweek.com.ng | Chike Onwuegbuchi

Central Securities Clearing System (CSCS) Plc has released its audited consolidated and separate financial statements for the year ended December 31, 2024, delivering a robust performance marked by double-digit growth in revenue and profitability. Total revenue surged by 37 percent to N26.1 billion in 2024, up from N19 billion the previous year. Profit before tax also rose significantly, climbing 24 percent to N13.8 billion, compared to N11.2 billion in 2023.
Internet Society Announces Peering Fellowship

1 week ago | nigeriacommunicationsweek.com.ng | Chike Onwuegbuchi

The Internet Society’s six-month Fellowship Peering program continues to help make internet access affordable, dependable, and resilient. The program, according to the global charitable organisation, is targeted for fifteen professionals in the peering and interconnection sector. “It offers a unique opportunity to build the skills, knowledge, and networks necessary to improve local Internet infrastructure and policy,” according to the site’s description.
SEC, SMEDAN To Launch Campaign on SME Financing

1 week ago | nigeriacommunicationsweek.com.ng | Chike Onwuegbuchi

The Securities and Exchange Commission (SEC) is set to collaborate with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to implement joint nationwide sensitization campaigns on “Financing SMEs through the Capital Market.”Director-General of the SEC, Emomotimi Agama, said this during a meeting with SMEDAN in Abuja on Tuesday. He said both agencies would co-brand financial literacy content and SME investment-readiness toolkits.
NITDA Calls for Comments, Inputs on the Draft Technical Standards For Digital Public Infrastructure

1 week ago | nigeriacommunicationsweek.com.ng | Chike Onwuegbuchi

Association of Power Generation Companies (APGC) has warned of an imminent shutdown of power generation plants due to unpaid invoices totalling over ₦4 trillion. This debt comprises ₦2 trillion for 2024 and ₦1.9 trillion in legacy debts, severely impacting the companies’ ability to meet financial obligations. According to a statement signed by Col.
FG Unveils e-Visa, Digital Entry Cards to Strengthen Border Security

2 weeks ago | nigeriacommunicationsweek.com.ng | Chike Onwuegbuchi

In a major step toward strengthening border security and modernising travel protocols, the Federal Government has announced the introduction of automated landing and exit cards as part of its wider e-Visa solution. The new system, set to take effect on May 1, 2025, aims to eliminate travel bottlenecks while enhancing national security.
Kaspersky Presents Insight on 14% Increase in Spyware Attacks on Businesses in Africa @ GITEX Africa

2 weeks ago | nigeriacommunicationsweek.com.ng | Chike Onwuegbuchi

A $60 billion Africa AI Fund is set to be established, leveraging public, private, and philanthropic capital. The goal is to build a secure, inclusive, and competitive African AI economy through foundational and catalytic investment, according to a declaration made at the recent Global AI Summit on Africa in Kigali, Rwanda. The declaration seeks to leverage the potential of AI to drive innovation and competitiveness to advance Africa’s economies, industries, and societies.
AFD Commits €3 million to Africa’s Financial Inclusion

2 weeks ago | nigeriacommunicationsweek.com.ng | Chike Onwuegbuchi

The Agence française de développement (AFD) is contributing an additional €3 million to the African Development Bank (AfDB)-managed Africa Digital Financial Inclusion Facility (ADFI) to help accelerate financial inclusion in Africa.
FG Inaugurates Board of Galaxy Backbone

2 weeks ago | nigeriacommunicationsweek.com.ng | Chike Onwuegbuchi

Smart Treasure (ST Team) has honored the Deji of Akure, His Royal Highness Ọbá Aladetoyinbo Ogunlade Aladelusi, Odundun II, CFR, with a plaque of recognition for his dedication to the welfare of his subjects. The presentation was made at the monarch’s palace in Akure by a delegation led by Instructor Luke Mbadugha from the Lagos Operations Center. The visit was part of ongoing discussions on a partnership aimed at boosting agriculture in Akure, Ondo State.
Verve Expands Payment Frontiers with Global Partnerships, Contactless Innovation

2 weeks ago | nigeriacommunicationsweek.com.ng | Chike Onwuegbuchi

Verve, Africa’s domestic payment and token brand, has fortified its digital payments through a series of strategic partnerships and technological advancements. The brand remains committed to providing seamless and secure transactions across a growing network of acceptance points. As part of its global expansion, Verve has recently partnered with leading international and regional payment platforms, including Temu, AliExpress, PalmPay, and FortisPay.
Africa Plans to Establish a $60 billion AI Fund

2 weeks ago | nigeriacommunicationsweek.com.ng | Chike Onwuegbuchi

A $60 billion Africa AI Fund is set to be established, leveraging public, private, and philanthropic capital. The goal is to build a secure, inclusive, and competitive African AI economy through foundational and catalytic investment, according to a declaration made at the recent Global AI Summit on Africa in Kigali, Rwanda. The declaration seeks to leverage the potential of AI to drive innovation and competitiveness to advance Africa’s economies, industries, and societies.