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The Federal Government of Nigeria (FG) has commenced moves to carry out a fresh audit of the N2.7tn subsidy debt said to have been owed to the Nigeria National Petroleum Company Limited (NNPC). This fresh move to audit the ₦2.7tn…
The Federal Government of Nigeria has issued a directive mandate which insists that POS agents will register under CAC. This applies to all Point-of-Sale (POS) terminal operators, also known as POS agents. The move comes amidst growing concerns over fraudulent…
In an escalatory effort towards controlling naira volatility, the Nigerian government is taking a significant measure: FG is to ban naira from all peer-to-peer (P2P) crypto trading platforms. According to Securities and Exchange Commission (SEC) Director General Emomotimi Agama, the…
In what comes as a major shock to Nigeria’s fast-rising cryptocurrency sector, two of the country’s popular financial technology companies, Moniepoint and Paga, have revealed plans to restrict access to the accounts of customers found to be guilty of carrying…
Renda, a venture-backed Nigerian logistics startup disrupting the freight and logistics sector, has raised a major pre-seed investment round of $1.9 million to build its presence across Nigeria and Kenya. The new investment would allow Renda to bolster its service…
Zenith Bank Plc ’s fully-owned fintech subsidiary, Zenpay Limited, has entered into a landmark agreement with the African Continental Free Trade Area Secretariat, in a move expected to greatly expand intra-African trade. The parties have executed a collaboration agreement that…
Good news for customers: MultiChoice Nigeria, the company behind the known DStv and GOtv pay TV services, had to postpone its scheduled price hike thanks to the intervention of the Competition and Consumer Protection (CCP) Tribunal. This happened a day…
A partnership between ThinkYoung, a profit organization and Boeing, a prominent aerospace company, has been established to empower 62 Tanzanian youth with the essential skills needed to excel in today’s dynamic digital world. The collaborative project, known as “ThinkYoung@Boeing Tanzania”…
Nigeria’s Chowdeck, an on-demand delivery service, recently received an investment of $2.5 million in seed funding to strengthen its position and boost growth in the country’s thriving delivery market. The announcement of this funding round on April 30, 2024 marks…
South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA) has made strides in shaping the framework for digital assets in the nation. In a statement, the FSCA detailed a series of strengthened transaction guidelines targeted at providers offering asset…
