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The Limits of Accelerating Digital-Only Financial Inclusion

Telcos lost 12.06 million subscribers in three months – NCC

Nigerians suffer ransomware attack, global recovery cost hits $2m

Punch Newspapers Sections Temiloluwa O’Peters Published 4 May 2021 About 22 per cent of Nigerians have experienced a ransomware attack in 2021, as the average total cost of recovery jumps to $1.85m from $761,106 in 2020. This was disclosed by Sophia in its State of Ransomware 2021 survey, which polled 5,400 IT decision-makers in mid-sized organisations in 30 countries across Europe, the Americas, Asia-Pacific and Central Asia, the Middle East, and Africa. Though the number of ransomware attacks reduced from 53 per cent in 2020, 39 per cent of Nigerian respondents that weren’t hit by ransomware in 2021 expect to be hit in the future, with the sophistication of the attacks making it increasingly hard to stop.

MTN records N385.2bn revenue, loses five million users in Q1

Punch Newspapers Sections ’Femi Asu and Temiloluwa O’Peters Published 4 May 2021 Published 4 May 2021 MTN Nigeria Communications Plc has reported a profit after tax of N73.75bn for the first quarter of 2021, up 42.35 percent from N51.74bn in the same quarter of last year. The telecommunications company said its profit before tax rose to N102.99bn in Q1 2021 from N76.91bn in the same period last year. Its revenue increased by 17.06 per cent to N385.32bn from N329.17bn, according to its unaudited financial statements. The telco said its mobile subscribers declined by five million to 71.5 million in the first quarter of 2021 due to the effects of customer churn and the regulatory restrictions on new SIM sales and activations.

Okonjo-Iweala delivers address at NIM's 60th-year celebration

Okonjo-Iweala delivers address at NIM’s 60th-year celebration Temiloluwa O’Peters Kindly share this story: (FILES) In this file photo taken on July 15, 2020 Nigerian former Foreign and Finance Minister Ngozi Okonjo-Iweala smiles during a press conference in Geneva, following her hearing before World Trade Organization 164 member states representatives, as part of the application process to head the WTO as Director General. - European Union members states agreed on October 26, 2020 to back the candidacy of former Nigerian finance ministrer Ngozi Okonjo-Iweala to lead the WTO. The World Trade Organization will announce its new director general next month, but sources said the 66-year-old economist would get EU support on October 27. (Photo by Fabrice COFFRINI / AFP)