Nigeria
Nigeria: Reason Behind Increasing 2024 Data Protection Licence Fee to N2 Million -NDPC
The Nigeria Data Protection Commission (NDPC) has announced an increase in the licence fee for Data Protection Compliance Organizations (DPCOs) from N50,000 to ...
Nigeria
Nigeria: Wema Bank Targets Tier-1 Status Amid Recapitalization Drive
Wema Bank’s Managing Director and Chief Executive Officer, Moruf Oseni, has announced the bank’s strategic plans to retain its national license and aim ...
Nigeria
Nigeria: NCC Targets 50% Improvement in Telecom Services by End of 2024
The Nigerian Communications Commission (NCC) has set an ambitious goal to achieve a 50% improvement in the quality of telecommunications services by the ...
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Nigeria Confirms Partnership to Host World’s Largest Tech Expo
In a landmark development for Nigeria’s tech sector, the country is set to host the world’s largest technology fair, GITEX, for the first ...
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Nigeria: A Digital Catalyst for Nigeria’s Renewed Hope Agenda
Nigeria is witnessing a digital transformation driven by its young, tech-savvy population, expanding internet access, and a broadband penetration rate of approximately 43%. ...
Nigeria
Nigeria: MPC Raises Interest Rate to 26.25%
Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), announced that the Monetary Policy Committee (MPC) has increased the benchmark interest ...
Nigeria
Nigeria: BDC Operators Urge CBN to Reverse New Recapitalisation Guidelines
The Association of Bureau De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to reverse its recently ...
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Nigerian Fintech Startup Brass Acquired by Paystack-Led Consortium
Nigerian fintech startup Brass has been acquired by an investment consortium led by Paystack, with participation from PiggyVest, Ventures Platform, P1 Ventures, and ...
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Nigeria: MTN Group Fintech CEO Reaffirms Unwavering Commitment to Enhance Financial Inclusion Across Africa
Serigne Dioum, CEO of MTN Group Fintech, has reaffirmed the company’s unwavering commitment to enhancing financial inclusion throughout Africa. By harnessing innovative solutions, ...
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Nigeria: Banks Generate N438bn from Digital Transactions in 2023
In 2023, ten Nigerian financial institutions collectively earned approximately N438 billion from digital banking channels, marking a 37.54% increase from the N318.64 billion ...
