Digital Economy

eNaira adoption surges as value in circulation rises 302% to N10bn

February 13, 2024. Azonuchechi Chukwu. The value of eNaira in circulation rose by 302 per cent in nine months to N10.26 billion at the end of September reflecting...

Nigeria’s Cashless Transactions Surge by 54.6% in 2023

Surpassing N611.06 Trillion in 2023 In a notable shift towards digital financial solutions, cashless transactions in Nigeria witnessed a substantial uptick, soaring to N611.06 trillion...

Association backs enforcement against digital lending violation

February 9, 2024. Azonuchechi Chukwu. The Money Lenders Association (MLA) has backed the recent enforcement by the Federal Competition and Consumer Protection Commission (FCCPC) aimed at...

Nigerian mobile network subscriptions increased by 0.5% monthly to reach 223.3 million in November 2023.

According to recent data from the Nigerian Communications Commission (NCC), active mobile lines and internet connections experienced a 0.5% month-on-month increase to reach 223.2...

Why Igbo states is low on telecom infrastructure

South Eastern part of Nigeria continues to lag behind in telecom development. At least, recent data statistics from the National Bureau of Statistics confirmed so. The...

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