200 jobs at risk as Microsoft shuts down innovation centre in Lagos

There are indications that Microsoft African Development Centre may shut down its West Africa operation, located in Lagos, Nigeria. Industry sources in the know revealed this to The Guardian on Tuesday, though no official statement from Microsoft yet. It was gathered that the management of Microsoft had on Monday informed the staff of the…There are indications that Microsoft African Development Centre may shut down its West Africa operation, located in Lagos, Nigeria.

A source within Microsoft Lagos office neither confirmed nor denied the development when reached out to yesterday.While the immediate cause of the shutting down of the ADC remains sketchy, industry sources claimed it might be due to the current economic situation in the country. The ADC was commissioned by former Minister of Communications and Digital Economy, Prof. Isah Pantami and Lagos State Governor, Babajide Sanwo-Olu.

The Central Bank of Nigeria has listed 16 banking transactions exempted from the cybersecurity levy. CBN in a circular on Monday, May 6, 2024, directed banks to implement a 0.5% cybersecurity levy on transactions after two weeks. According to the circular signed by the Director, Payments System Management Department, Chibuzo Efobi and the Director,…

Source: Tech Daily Report (techdailyreport.net)

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