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Opinion

Starlink

“Did Starlink Bow to NCC Pressure? Behind the Suspended Price Hike in Nigeria”

In early October, Starlink announced a nearly 100% price increase for its Nigerian subscribers, raising its standard subscription from ₦38,000 ($24) to ₦75,000 ($48) and regional roaming fees to ₦167,000 per month. Starlink attributed this change to Nigeria's high inflation rates, aiming to sustain operations while maintaining quality service for its users. This price adjustment…

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CBN Building

Understanding the CBN’s New Forex Circular: What It Means for Nigerians

On October 2, 2024, the Central Bank of Nigeria (CBN) announced a major shake-up in the way foreign exchange (forex) transactions will be conducted in the Nigerian market. If you’ve ever wondered why forex seems so confusing—or why it sometimes feels like it works against the everyday person—this new system, called the Electronic Foreign Exchange…

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AI Skills Will Define the Future of Work, Says Lanre Basamta of Optimus AI Labs

In a rapidly changing job market, Lanre Basamta, co-founder and CEO of Optimus AI Labs, has offered a fresh perspective on the impact of Artificial Intelligence (AI) on employment. Speaking at the FirstBank Nigerian Fintech Festival, Basamta emphasized that while AI is transforming industries, it is not the technology itself that threatens jobs, but the…

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