Mobile-first car insurance launched in Nigeria
Airtel and Leadway Assurance said the entire process from selection of plan to payment and issuance of a digital policy document can be completed in less than three minutes.
1:30
Nigeria promotes domestic telecom infrastructure production
Central Bank Governor, Olayemi Cardoso, has recommended mobile operators to start producing SIM cards, cables, and towers locally.
1:10
PalmPay launches USSD service for Nigerian consumers
The USSD service will allow PalmPay customers to conduct transactions without connecting to the internet.
1:00
MTN Nigeria takes full control of MoMo bank for $4.6m
The telecom provider said this deal will simplify and strengthen MoMo PSB operations.
1:30
NGO threatens to sue Nigeria over cyber security levy
The Central Bank of Nigeria instructed banks and other financial institutions this week to apply a 0.5 percent cyber security fee on all electronic transfers.
2:20
Nigeria tightens laws to tackle yearly cyber-crime losses of $500m
According to the Nigerian Communications Commission, cyber-crime costs the country $500 million per year, and includes hacking, identity theft, cyber terrorism, harassment, and internet fraud.
1:50
Nigeria approves blockchain policy to shore up economy
The Nigerian government has since directed relevant regulatory bodies to start work on developing regulatory instruments for deployment of the technology.
3:50
MTN Group reports 2022 runaway success, bumps dividends
The mobile operator reported an expansion in return on equity to 23.4% and a 10% increase in the dividend to 330 cents per share in full year results 2022.
2:00
Fintech use surges in Nigeria as volatility hits local currency
Between October and December 2022, the value of mobile-money transactions jumped by 25% to 2.5-trillion Naira.
1:40
Nigeria: Stakeholders settle differences over USSD-based banking regulation
MNOs, banks in Nigeria have reached an agreement with the NCC.
1:50
WorldRemit Leads the Way Offering a USD Payout Option in Nigeria
New CBN rules allow beneficiaries to withdraw funds in USD to boost formal remittances to Nigeria
2:00
Nigerian central bank expands SWIFT payments adoption
Nation has become the twentieth in Africa to adopt the system for both local and global use.