The global hardware security modules (HSM) market is set for steady expansion, with projections indicating it will reach $3.51bn by 2031, driven by rising cybersecurity investments and increasing demand for robust encryption key management solutions, according to a new report released by Mordor Intelligence. The market, valued […]
Category: Tech News
Tech News
‘Future of Financial Journalism Lies In Human, AI Collaboration’ — Datapro
The management of Datapro has emphasised that the future of financial journalism will depend on a careful balance between artificial intelligence and human judgment, warning that while AI is transforming reporting, trust and credibility must remain paramount. This position was made known during a specialised training for journalists […]
Vertiv Partners Airtel Africa to Build 42MW Data Centre in Nigeria
Vertiv, a provider of critical digital infrastructure and continuity solutions, has announced an extended collaboration with Airtel Africa through its data centre division, Nxtra, to build a 42-megawatt (MW) high-capacity data centre in Nigeria, a project that marks the first phase of Nxtra’s broader expansion across Africa. […]
Airtel Africa Extends $55m Share Buy-Back Programme, Returns $34.7m to Investors
Airtel Africa Plc has announced an extension of its ongoing $55m share buy-back programme, after returning $34.7m to shareholders through the purchase of 14.2 million shares. The telecommunications and mobile money services provider disclosed that revised arrangements with Barclays Capital Securities Limited (Barclays) will facilitate the completion of […]
FG Plans Online Harm Bill, AI Ethics Rules to Balance Innovation, Regulation
The Federal Government has announced plans to introduce an Online Harm Protection Bill and an AI Ethics Framework as part of a broader strategy to balance innovation with regulation in Nigeria’s digital ecosystem. Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, disclosed […]
Nigeria Immigration Launches Digital Platform for Expatriate Permits
The Nigeria Immigration Service (NIS) has unveiled a new digital platform for the application and processing of the Combined Expatriate Residence Permit and Aliens Card (CERPAC), marking a significant step toward the modernization of Nigeria’s immigration framework. According to a statement signed by the NIS Public Relations […]
TikTok Deletes 3.6 Million Nigerian Videos in Q1
Short video platform TikTok said it removed more than 3.6 million videos uploaded by Nigerian users in the first quarter of 2025 for violating its community guidelines, marking a 50 per cent surge from the 2.4 million videos taken down in the previous quarter. The figure was disclosed in […]
Airtel Sets ₦1,589/$ for Final Dividend Conversion
Airtel Africa Plc has announced the currency arrangements for its final dividend payment for the financial year. The Board has recommended a final dividend of 3.9 cents per ordinary share, payable on 25 July 2025, to shareholders whose names appear on the register as at the close of business […]
MTN Nigeria Gets AAA Rating From GCR, Outlook Upgraded To Stable
MTN Nigeria Communications Plc has received an affirmation of its national scale long-term and short-term issuer ratings of AAA and A1+, respectively, from Global Credit Rating Co. Limited (GCR) with the rating outlook revised upward from Negative to Stable. GCR also reaffirmed the AAA long-term issue ratings on all […]
Legend Meets 20% Free Float Requirement Post-NGX Listing
Legend Internet Plc has confirmed compliance with the Nigerian Exchange Limited’s (NGX) minimum free float requirement, following its listing on the Main Board of the Exchange on 24 April 2025. The company in a notice to the Nigerian Exchange Limited, disclosed that it has made a sufficient quantity […]