Index to Nigerian Newspapers

According to the Nigerian Communication Commission, the fifth-generation network would close the country's fibre connectivity deficit and increase Internet penetration thanks to its widespread wireless connectivity. Nigeria needs three times as much fibre infrastructure as it presently has to achieve around 90% broadband penetration, among other goals, by 2025, according to the World Bank. As the number of 5G devices is anticipated to exceed one billion in the next two years, the cost of 5G devices and related equipment will shortly decline.

In order to encourage colleges to advance digitalization over the next two years, the Central Bank of Nigeria has publicly announced that it is prepared to establish a N100 million award programme. This was stated by Mr. Adebisi Shonubi, Deputy Governor of the Central Bank of Nigeria, at the opening summit of the CIO Club Africa, with the topic "The Role of Digitalization in Transforming the Economy."

In order to encourage colleges to advance digitalization over the next two years, the Central Bank of Nigeria has publicly announced that it is prepared to establish a N100 million award programme. This was stated by Mr. Adebisi Shonubi, Deputy Governor of the Central Bank of Nigeria, at the opening summit of the CIO Club Africa, with the topic "The Role of Digitalization in Transforming the Economy."

Aguele stated that "Open Finance, backed by a strong digital identity infrastructure, was key to bridging the gap between identification and financial inclusion to achieve result at scale for the over 500 million people living in Africa without a recognised form of ID" during the Decentralised Finance (DeFi) session of the 5th edition of the Africa Tech summit held in Nairobi, Kenya.

In Ikun-Ekiti, the governor of the state of Ekiti, Mr. Kayode Fayemi, opened a centre for tech and business skills. JM Tech Centre is a non-profit technology centre that was established to provide the people of Ekiti, Nigeria, and Africa with the necessary entrepreneurship and 21st-century technology skills to become nation-builders.

OnePipe, a fintech company, has launched a press writing challenge on finance-focused journalism to promote and inspire educational reporting and writing with particular emphasis on enhancing the awareness and understanding of embedded finance. The challenge is open to all forms of media and will run for a duration of eight weeks. The founder and Chief Executive Officer, Ope Adeoye, said that the world needs a new type of financial services ecosystem, one where everyone has a role to play and everyone has some value to capture. The most important details in this text are that Nigerians can now earn up to $14,000- $17,000 (12 million+) profiting from premium domain names, and that Mama Dada set herself ablaze over her inability to pay back a loan of N70,000 she reportedly took from a microfinance bank, LAPO. The text also explains that the mix-up in the name of the microfinance bank is not deliberate.

OPPO Nigeria has launched the OPPO A96 smartphone with a 5000mAh battery, 33W SUPERVOOCTM flash charging, and a 6.59-inch 90Hz colour-rich punch-hole display. It also features Optimized Night Charging, RAM expansion, 16MP front camera, AI natural retouching, and 360° Fill Light feature. Mama Dada set herself ablaze over her inability to pay back a loan from LAPO Microfinance Bank Limited. President Muhammadu Buhari's unforgivable sins include the Nigerian-naira cash scarcity, Betara and Tinubu's House leadership meeting, Senator Aishatu Dahiru Adamawa's suit against INEC, Multichoice's price hike, and President Muhammadu Buhari swearing in six new permanent secretaries.

For the benefit of USAID, GRICD, a provider of cold chain technology that leverages the Internet of Things to enable last-mile delivery of temperature-sensitive goods, has partnered with logistics provider Haultrac to enhance the delivery of vital healthcare supplies to all 36 states as well as the Federal Capital Territory of Abuja.Medicines, fast diagnostic test kits, laboratory reagents, and consumables are among the healthcare items, the company confirmed.

The opening of its Innovation Challenge in the Middle East, Turkey, and Africa has been announced by the Google News Initiative (GNI). The financing for the chosen innovation initiatives might total up to $150,000 per project. The Innovation Challenge has been active in the area since 2019, and 43 ideas from 18 countries were chosen for the first two rounds, according to GNI.

The Federal Government intends to provide incentives such as grants, tax and fiscal motivations, startup labels, seed investment, and tax holidays in the nation, according to Isa Pantami, Minister of Communications and Digital Economy. This programme aims to find young people with ideas who are talented startups, place them in developed hubs for training, and provide them with financial support as they develop their goods and services. Government commitment to enacting and implementing laws that support the ecosystem is demonstrated, among other things, by the National Startup Bill and the National Council for Digital Innovation and Entrepreneurship.

Deposit Money Banks in Nigeria are selling excess dollar stocks ahead of the Central Bank of Nigeria's deadline of February 1, 2024. The CBN has issued a circular ordering banks to sell their excess dollar stocks and warning lenders against hoarding excess foreign currencies for profit. The circular aims to reduce risks associated with banks holding large foreign currency positions. Bureau De Change operators in Lagos, Kano, and Abuja have pushed to sell their dollar holdings amid fear the local unit might sustain the gain in coming days. The CBN has also removed the previous cap on exchange rates quoted by international money transfer operators.

Google reports that in 2021, the number of professional developers in Nigeria greatly increased. It climbed by 6% to 84,000, whereas the increase on the African continent as a whole increased by 3.8% to 716,000 during the same time period. According to Google's research, "Average salary and pay for software developers rose, and more employees found full-time employment. The epidemic boosted the need for remote digital talent globally and opened up additional remote job options for African engineers.

The National Bureau of Statistics reported that investment into the telecommunications sector has dropped to a nine-year low, with investments in the form of foreign direct investment and foreign portfolio investments dropping from $114.43m in 2018 to $107.46m in 2021. Capital importation data for 2021 showed that the sector did not attract any investment in the last quarter of the year. The annual outflow of capital is estimated at $22.1bn. A source in the Association of Licensed Telecommunication Operators of Nigeria said the fall in capital inflows was due to the scarcity of foreign exchange and inconsistent government policy. The lack of forex, end-user certificates, and unstable macroeconomic conditions are threatening the success of the telecoms industry in Nigeria.