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IHS Plans Renovating Vandalized NCC Park in Kano -Bosun Tijani 

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The telecommunications infrastructure company, IHS Towers, has offered to renovate the Nigerian Communications Commission (NCC) Innovation Park in Kano, which was looted and vandalized during the August 1, 2024 ‘Endbadgovernance’ protest.

The Minister of Communication, Innovation, and Digital Economy, Dr. Bosun Tijani, announced this on Tuesday.

The Minister noted that the Park is more than just a building but a symbol of Kano’s, and Nigeria’s, aspirations to be at the forefront of the global digital economy.

According to him, the facility will serve over 300 Kano youths who are currently benefiting from the government’s 3 Million Technical Talent (3MTT) program. The initiative, he noted, is training three million Nigerians in digital and technical skills to ensure the country is not just a participant but a leader in the global technology space.

Announcing the development via a post on his X handle, the Minister noted that he had in August promised to quickly restore the facility for the benefit of Nigerian citizens, including the 3MTT Nigeria fellows who were meant to use the Park for their applied and hands-on learning.

“I am pleased, therefore, to announce that we have received the support of HIS Towers has committed to the full renovation of the location so we can finally put it to good use. 

“To all our 3MTT fellows in Kano, as I said yesterday, you, together with many young people across Nigeria, represent the future of the global digital workforce, and your dreams and aspirations are valid,” he said.

In August, some youths hiding under the “Endbadgovernance” protest had broken into the Digital Park built by the NCC, vandalized the building and carted away equipment including computers and furniture.

According to the Miniter, about 150 desktop personal computers (PCs) and laptops were stolen from the facility which was meant to be commissioned two weeks after the incident.

Tijani also admitted that the Park was built under the immediate past administration of Muhammadu Buhari, but not completed.

“The property is one of the properties that the last administration actually worked on, but they didn’t deliver it. A number of things were incomplete. It was only just two months ago that the last set of equipment was put in there. And we just agreed two weeks ago to launch the facility next week,” the Minister had said at the time.

He estimated the value of the building and the equipment carted away to be in millions of Naira, adding that the only reason it had not been put to use before the attack was that the generator to power the place was being worked upon.

 

 

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Business

CBN Restores BDC Access to FX Market, Caps Weekly Purchases at $150,000

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By Huldah Shado

The Central Bank of Nigeria (CBN), has approved the participation of licensed Bureau De Change (BDC), operators in the Nigerian Foreign Exchange Market (NFEM), allowing each BDC to purchase up to $150,000 weekly.

The approval was contained in a circular dated February 10, 2026, signed by the Director of the Trade and Exchange Department, Dr. Musa Nakorji, and addressed to authorised dealer banks and the general public.

The CBN said the move is aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users, amid a widening gap between the official and parallel market exchange rates.

Under the new arrangement, licensed BDCs can access foreign exchange from the NFEM through any authorised dealer bank of their choice at the prevailing exchange rate.

The apex bank directed banks to carry out full Know-Your-Customer (KYC), and due diligence checks on BDC clients before selling foreign exchange to them.

It also imposed reporting and transparency requirements, mandating BDCs to submit returns electronically to the CBN.

In addition, the bank prohibited third-party transactions and limited cash settlement to a maximum of 25 per cent of each transaction.

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Abuja Reports

Ultraviolet MFB MD Visits Equity Circle, Eyes Strategic Partnership

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By Samson Adeyanju 

The Managing Director and Chief Executive Officer of Ultraviolet Microfinance Bank, Bayonle Omoyele, has paid a working visit to Equity Circle, one of Abuja’s fast-growing real estate companies, as part of efforts to strengthen strategic partnerships within Nigeria’s real estate sector.

During the visit, Equity Circle’s Co-Founder and Chief Marketing Officer, Fabian George, conducted Omoyele on a tour of the company’s facilities and outlined its growth trajectory.

He disclosed that the firm recorded significant milestones over the past four years, culminating in an ₦8 billion revenue in the 2025 financial year.

Discussions between both parties focused on establishing a strategic credit relationship, with proposed areas of collaboration including invoice discounting, structured credit solutions, and cash-flow management support to help Equity Circle sustain and scale its operations.

Addressing Equity Circle staff during an interactive session, Omoyele emphasised the importance of strong marketing fundamentals, highlighting the 4Ps of marketing-Product, Price, Place, and Promotion, as key drivers of long-term competitiveness and brand leadership.

He also urged the team to adopt a long-term growth mindset, remain focused, and ensure that every unit contributes meaningfully to the organisation’s strategic goals, noting that disciplined execution is critical in Nigeria’s evolving real estate market.

The visit underscores Ultraviolet Microfinance Bank’s commitment to supporting high-growth enterprises through tailored financial solutions and partnerships that promote sustainable economic development.

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Business

Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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