Nigeria CommunicationsWeek

Nigeria CommunicationsWeek is a media outlet based in Lagos State, Nigeria, dedicated to covering news and developments in information technology through both online and print formats. The publication has been in operation since 2007 and is led by editor-in-chief Ken Nwogbo. CommunicationsWeek Media Limited, the company behind Nigeria CommunicationsWeek, is also known for initiating the Beacon of ICT awards (BoICT). These awards celebrate exceptional achievements in the advancement of information and communication technology in Nigeria, according to The Guardian.

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EU Fines Apple and Meta €700m in Landmark Digital Markets Act Enforcement

1 day ago | nigeriacommunicationsweek.com.ng | Ugo Onwuaso

The European Commission has imposed landmark fines on tech giants Apple and Meta in the first enforcement actions under the Digital Markets Act (DMA), a new regulatory framework designed to enhance consumer choice and ensure fair competition in the digital economy.
MTN Go Make A Difference Campaign Heads to Kano, Celebrating Culture and Community Impact

1 day ago | nigeriacommunicationsweek.com.ng | Ugo Onwuaso

As part of Nigeria’s ongoing tax reform efforts, the federal government is proposing a new investment-driven incentive framework aimed at addressing long-standing inefficiencies in the current Pioneer Status Incentive (PSI). The new scheme, known as the Economic Development Incentive (EDI), is designed to stimulate real economic activity by tying tax relief directly to verifiable investments.
Union Bank’s Edu360 Initiative Scores Big for Nigerian Football Development

1 day ago | nigeriacommunicationsweek.com.ng | Ugo Onwuaso

Union Bank has again demonstrated its commitment to youth development and quality education by sponsoring the 11th edition of the Greensprings Football Academy. The five-day training camp, held from April 13 to April 17, 2025, at the School’s Lekki campus, catered to children aged 5 to 17.
DMO Opens N350bn Bond Auction: Get Your Slice of the Pie

1 day ago | nigeriacommunicationsweek.com.ng | Ugo Onwuaso

Debt Management Office (DMO) has announced the reopening of two Federal Government of Nigeria (FGN) bonds for public auction, with a total value of N350 billion, offering units at a subscription price of N1,000 each. The savings bonds are designed for retail investors and come with guaranteed quarterly interest payments and full repayment of the principal at maturity. According to a statement released on Wednesday, April 23, the auction is scheduled for April 28, with settlement on April 30.
QNET Reaffirms Integrity: Dissociates from Mighty Infinity Millionaire Ltd in Nigeria

1 day ago | nigeriacommunicationsweek.com.ng | Ugo Onwuaso

QNET, a global leader in direct selling focused on wellness and lifestyle products, firmly disassociates itself from any unlawful activities being conducted by unauthorized individuals or entities fraudulently using the QNET name to mislead and exploit members of the Nigerian public. These concerns have resurfaced following the arrests of several suspects in Niger State and the Federal Capital Territory, Abuja.
FCMB Capital Markets Leads ₦11.85bn GLNG Bond for LNG Plant Expansion

2 days ago | nigeriacommunicationsweek.com.ng | Ugo Onwuaso

FCMB Capital Markets Ltd. successfully led the issuance of GLNG Funding SPV Plc’s ₦11.85 billion 10-Year Series 2 Senior Guaranteed Fixed Rate Infrastructure Bond, which closed in February. This milestone underscores investor confidence in Nigeria’s clean energy transition.
IMF Downgrades Nigeria’s Economic Growth Forecast Amid Oil Price Decline

2 days ago | nigeriacommunicationsweek.com.ng | Ugo Onwuaso

International Monetary Fund (IMF) has revised downward its economic growth forecast for Nigeria in 2025 to 3.0%, a 0.2 percentage point cut from its earlier projection of 3.2%. The downgrade is attributed to a decline in global crude oil prices, which remain a significant driver of Nigeria’s economy. The updated figures were published in the IMF’s April 2025 World Economic Outlook (WEO) report, released in Washington, DC, during the ongoing Spring Meetings of the IMF and the World Bank.
Digital consumers are driving a new era of online shopping, transforming how Nigerian youth buy

2 days ago | nigeriacommunicationsweek.com.ng | Ugo Onwuaso

The digital revolution is hitting Nigeria’s retail scene fast, and it’s being powered by the country’s youth. Armed with smartphones and a demand for affordability, they’re shaping the e-commerce industry where convenience reigns supreme. Nigeria’s internet users, reaching more than half its population, creates a strong foundation for e-commerce growth.
MTN Nigeria Faces Class Action Lawsuit Over Alleged Data Mismanagement

2 days ago | nigeriacommunicationsweek.com.ng | Ugo Onwuaso

As part of Nigeria’s ongoing tax reform efforts, the federal government is proposing a new investment-driven incentive framework aimed at addressing long-standing inefficiencies in the current Pioneer Status Incentive (PSI). The new scheme, known as the Economic Development Incentive (EDI), is designed to stimulate real economic activity by tying tax relief directly to verifiable investments.
Mart Networks Unveils Invinsense 6.0: AI-Powered Cybersecurity Revolution in Africa

2 days ago | nigeriacommunicationsweek.com.ng | Ugo Onwuaso

Mart Networks, a leading cybersecurity distributor in Africa and Middle East, today announced the launch of Invinsense 6.0, the latest version of its flagship cybersecurity platform. With this release, Infopercept integrates Agentic AI across its offensive, defensive, and compliance modules, creating autonomous and intelligent systems capable of dynamically building and executing workflows for critical cybersecurity decisions.