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Nigeria snatches Kenya’s crown in FDI for Fintech
The pandemic has put the emphasis on banks cutting costs and digitization, with customers handling transactions on their phones and computers instead of queues at crowded bank branches. This puts the emphasis squarely on mobile money, fintech, and digital currencies. Banks and fintech companies are jostling for positions, sometimes working together, sometimes poaching business, and competing intensely to recruit top IT staff.
Facebook, Others Launch #NoFalseNewsZone Against Fake News
Facebook, in a statement, said #NoFalseNewsZone is an educational campaign focused on helping people identify false news and educate them on the actions to take to help minimize its spread in Nigeria.
BudgIT at 10: Reflections on our Milestone
An indelible and beautiful memory of BudgIT was sleeping on the couch of my co-founder, Joseph Agunbiade, watching him seek that elusive tweak that fixes our broken website again. Something needed an improvement on our website and with a three-person team huddled on the table in Co-Creation Hub, we dreamt of putting budgets in the hands of the people and working to ensure service delivery for the underserved.
Tecno makes Pro move in SA
Last week saw the South African release of another low-cost, high-spec smartphone from a brand that has worked its way into the hearts of the rest of the continent.
UK-based fintech partners AXA Mansard to boost insurance in Nigeria
SympliFi, a United Kingdom-based Fintech company, and AXA Mansard, a member of the global leader in insurance and asset management – AXA, have entered into a partnership to offer loan services whilst also providing access to insurance and health care through SympliFi’s digital platform.
Zamfara residents kick as NCC considers an extension of telecoms service suspension
Residents of Zamfara state have expressed worry over the extension of the suspension of communication services in the state. Zamfara state and the federal government through the Nigerian Communications Commission NCC suspended telecommunication services in the state between third to seventeenth September 2021.
MTN Nigeria set to issue N89.99bn bond
MTN Nigeria Communications Plc is set to launch a Series 2 Bond of about N89.99bn. A mail sent from Chapel Hill Denham Advisory Limited to MTN investors and reported by Nairametrics, said, it is a “Series 2 Bonds of up to N89.99bn under its N200bn Bond Issuance Programme.”
Service Blackout: NCC may shut down 3 Sokoto LGA’s telecommunication services
The house of representatives has asked the Nigeria Communications Commission (NCC) to shut down telecommunication services in three LGAs of Sokoto state. This development comes days after NCC instructed all telecommunication companies to shut down their services in Zamfara over lingering insecurity in the state.
CBN to own a major stake in E-Naira’s Bitt Inc
The Central Bank of Nigeria has announced that it will own a majority stake in Bitt Inc. after its registration in Nigeria. The Caribbean fintech company is the technical partner of the CBN is the launch of Nigeria’s digital currency on October 1.