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Over 70 million bank accounts in Nigeria face the possibility of being restricted due to the Central Bank of Nigeria’s (CBN) directive linking the National Identification Number (NIN) to Bank Verification Numbers (BVNs). This policy, aimed at enhancing financial security…
MTN Nigeria, the leading telecommunications provider in the country, announced the disconnection of 4.2 million lines from its network on March 1, 2024. This action comes after the expiration of the National Identity Number (NIN) linking deadline set by the…
MTN Nigeria Plc, the country’s leading mobile network operator, has been hit by a financial bombshell, incurring a staggering N740 billion loss before tax. This news, which broke today, March 1, 2024, has sent shockwaves through the Nigerian financial sector…
In partnership with Airtel, Equitel, the mobile virtual network provider of Finserve—a fully-owned subsidiary of Equity Group Holdings, formerly Equity Bank Group—the largest retail bank in Kenya—has introduced its fifth-generation connectivity service. Although it is the first 5G service supported…
Property tech startup Spleet, which raised $2.6 million in 2022 from investors including MaC Ventures and HoaQ Fund, plans to fire an unspecified number of staff members due to pressure from rising costs from landlords it works with and inflation.…
$3 million in funding has been given to the Nigerian tech startup Bfree, which was established to automate and present processes for improving ethical debt. The founders of BFREE were extremely dissatisfied with the credit collection options that were available,…
Binance is an online exchange where users can trade cryptocurrencies. The news that at least two senior executives of this online exchange platform have reportedly been detained by the Federal Government has taken the country by surprise. The Financial Times…
Millions of MTN Nigeria subscribers heaved a sigh of relief yesterday after the telecommunications giant finally shed light on the cause of the network outage that plagued the country for several hours on Wednesday, February 28th, 2024. The outage, which…
The Kenyan government can now resume printing national ID cards as the High Court of Kenya has lifted the injunction against the new Maisha Namba digital ID system. The Maisha Card’s issuance was suspended in December of last year due…
In a move aimed at bolstering support for vulnerable communities, the South African Social Security Agency (SASSA) has announced a significant increase in several SASSA Social Relief of Distress (SRD) grant categories, effective from April 2024. This decision comes amidst…
