AI Fraud Detection: A Game-Changer for Nigeria’s Financial Sector, Experts Say
As financial fraud continues to rise in Nigeria, experts are advocating for the adoption of artificial intelligence (AI) to enhance fraud detection and prevention. Tope Dare, former executive director of e-business and infrastructure at Inlaks Computers Limited, highlights the transformative potential of AI in the banking sector, emphasising its ability to analyse transaction patterns and flag suspicious activities in...
Fife Famurewa Champions Global Assistive Technology Advancements for Nigeria’s Medical Community
Fife Famurewa, founder and president of the Sports for Special Needs Club at Kinkaid, is spearheading efforts to bridge the gap between Nigeria’s medical community and global advancements in assistive technology. With a passion for engineering devices that aid individuals with disabilities, Famurewa is working to introduce life-changing technologies to Nigeria, starting with 3D-printed tactile symbols and communication boards...
Nigeria Grapples with Rising Data Privacy Breaches Despite Regulatory Efforts
Nigeria is facing a sharp increase in data privacy breaches, with the Nigeria Data Protection Commission (NDPC) reporting a surge in investigations into unauthorised data access, identity theft, and non-transparent mobile app practices. Despite heightened regulatory oversight and the enforcement of the Nigeria Data Protection Act 2023, the country’s digital privacy landscape remains fragile, exposing millions to risks. This...
Federal High Court Upholds FCCPC’s Regulatory Authority Over Telecom Sector in Landmark MTN Nigeria Ruling
In a landmark ruling, the Federal High Court in Lagos has affirmed the Federal Competition and Consumer Protection Commission’s (FCCPC) regulatory authority over competition and consumer protection in Nigeria’s telecommunications sector. The court dismissed a lawsuit filed by MTN Nigeria shareholder Emeka Nnubia, reinforcing FCCPC’s mandate to investigate anti-competitive practices and protect consumer rights across all sectors, including telecoms. The...
Stakeholders Urge Federal Government to Ease Challenges for Local Pharmaceutical Manufacturers Amid Foreign Investment Push
As the Federal Government seeks to attract foreign investment into Nigeria’s pharmaceutical sector, industry stakeholders are calling for urgent measures to address the challenges faced by local pharmaceutical manufacturers. High tariffs, regulatory bottlenecks, and operational costs are stifling the growth of domestic producers, prompting experts to emphasize the need for an enabling business environment to ensure the sector’s sustainability...
AU-AFRIMA Pact Ignites African Music Renaissance to Boost Global Cultural Influence
The African Union (AU) and the All-Africa Music Awards (AFRIMA) have reignited their collaboration through a landmark agreement aimed at propelling an African music renaissance and amplifying the continent’s creative industries worldwide. A newly signed Memorandum of Understanding (MoU), finalized in January 2024, formalizes a decade-long partnership that began with AFRIMA’s launch in 2014, uniting efforts to elevate Africa’s cultural footprint...
Dangote Refinery Milestone: Aviation Fuel Exports to Saudi Aramco Signal Nigeria’s Global Energy Rise
The Dangote Refinery has achieved a groundbreaking Dangote Refinery milestone by exporting two cargoes of aviation fuel to Saudi Aramco, the world’s largest oil producer. This landmark deal underscores Nigeria’s growing influence in the global energy market and marks a significant step in the refinery’s ambitious production goals. During a visit by the Nigerian Economic Summit Group (NESG) to the Dangote Petroleum...
Global Services Trade Soars 10% in 2024 Fueled by Digital-Driven Services Surge, WTO Reports
The global services trade surged by 10% year-on-year in the third quarter of 2024, driven by explosive growth in transport, travel, and a digital-driven services surge, according to the latest World Trade Organisation (WTO) report. Asia spearheaded the expansion with a 16% jump in services exports, outpacing Europe (8%) and the Americas (7%), as demand for innovative digital solutions and...
NERC Unveils New Guidelines for Electricity Tariff Review to Ensure Fair Pricing and Industry Efficiency
Amid growing controversies over the proposed electricity tariff hike, the Nigerian Electricity Regulatory Commission (NERC) has introduced a comprehensive set of regulations to govern the process of tariff reviews. The new guidelines, signed by NERC Chairman Sanusi Garba, aim to ensure fair pricing, cost recovery, and a reasonable return on investment for electricity providers while maintaining transparency and stakeholder...
Nigerian Professors Adelekan and Barau Selected as Lead Authors for IPCC’s Special Report on Climate Change and Cities
Two prominent Nigerian professors, Ibidun Adelekan and Aliyu Barau, have been selected as lead authors for the Intergovernmental Panel on Climate Change (IPCC) Special Report on Climate Change and Cities. This significant achievement recognizes their expertise and positions them at the forefront of global climate research. The report, scheduled for release in March 2027, will be the first in...
