Tag: Nigeria
Nigeria launches $672 million tech start-up support fund
Six months after passing the Nigerian Startup Act, the Nigerian government has reportedly launched a $672 million fund for tech for young people in...
Bolt lays off workers in Nigeria
Days after pledging to invest $350 million to create over 300,000 jobs in Africa, ride-hailing platform Bolt has laid off 17 of its 70...
Investors bet next Nigerian leader can’t fix economic crisis
Nigeria’s bond market is already betting that the nation’s next leader — whoever it is — won’t be able to repair the shambles left...
Nigeria regulates online adverts on skits, comedy, influencer posts
Nigerian skit creators, comedians, influencers, bloggers, and other advertising stakeholders in Nigerian digital and online media must now obtain permission from the Advertising Regulatory...
Nigeria to start taxing crypto
The Nigerian government has announced that if its proposed Finance Bill 2022 is approved, it will start taxing cryptocurrencies and other digital assets in 2023.
According...
Nigeria to completely avoid cryptocurrencies
The Nigerian government is continuing to look away from crypto with a new policy.
Bloomberg reports that the country’s Securities and Exchange Commission (SEC) announced...
Nigeria cuts 90% off telecoms infrastructure installation fees
Nigeria’s capital, Abuja, is shaving 90% off the right-of-way fee. Now, telecommunications companies that wish to install broadband infrastructure in green areas would only have to...
Amazon Web opens second Africa office in Nigeria
Amazon Web Service (AWS), Amazon's data centre, has opened its second African-based office in Lagos, Nigeria.
This comes seven years after it opened the first...
Nigeria to introduce new Naira notes by end of year
Nigerian Central Bank governor Godwin Emefiele in a press briefing on Wednesday stated that the apex bank would redesign the country’s currency.
The redesign will...
Nigeria passes Start-up Law
Nigeria’s minister for communications and digital economy, Isa Pantami, has announced that the Nigeria Startup Bill had been signed into law.
Since October 2021, stakeholders...