FinTech
Nigerian president: How we will tackle insecurity this year
Insecurity, one of the vexed issues in Nigeria currently was one of what President Muhammadu Buhari spoke on today in his national broadcast. He vowed to reorganize the security apparatus in order to be able to tackle insurgency, banditry, kidnappings, piracy and other crimes.
Nigerian president promises to secure youths’ future
President Muhammadu Buhari used his New Year speech on Friday to once again make promises to Nigerian youths to bequeath to them a nation in which their future is secured.
President Buhari’s New Year broadcast — full text
President Muhammadu Buhari in a speech on New Year’s Day recommits himself to serve the nation, promises to develop Nigerian youths and re-organise the police and the armed Forces to make them proactive.
Fidelity boss named banking sector CEO of the decade
Nnamdi Okonkwo, the managing director of Fidelity Bank, has been named the banking sector CEO of the decade at the recently held BusinessDay Banks and Other Financial Institutions (BAFI) Awards.
Nigerian government seeks new Eurobond
On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021.
Firm restates commitment to enhance financial inclusion
Nigeria-based fintech solution, NowNow, has said that it will continue to upgrade its services to attune to current realities, such that will drive economic and social growth.
Why Nigerian government is repackaging social intervention programmes – minister
The Federal Government says it will repackage its social intervention programmes to ensure it reached more people at the grassroots.
CBN, NCC urged on Fintech talent survey
Fintech specialists and other stakeholders have tasked the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) to conduct a talent needs survey to bridge the skills gap.
Lagos commodities exchange targets 10 million youth for empowerment
Barring unforeseen circumstances, the newly licenced Lagos Commodities and Futures Exchange (LCFE) is targeting no fewer than 10 million Nigerian youths for empowerment as commodities traders under its proposed seamless capacity building.
MasterCard: SMEs terribly hit by pandemic
The Senior Vice President, Product Management, Digital Payments and Labs, Middle East and Africa, Gaurang Shah, Mastercard, has said the Small and medium enterprises (SMEs) segment of the economy has been terribly hit by Covid-19 pandemic.
SEC: Digital assets classification to protect investors
The Securities and Exchange Commission (SEC) has said that the recently released SEC Statement on Digital Assets and their Classification and Treatmen is aimed at boosting investors’ protection in the capital market.
Visa, Paga partner on innovative payment solutions
Nigerian fintech company, Paga, and global payments technology company, Visa, have announced a strategic partnership in accelerating secure and convenient mobile payments for merchants and consumers.
Aliko Dangote remains Africa’s wealthiest person, Mike Adenuga, Abdulsamad Rabiu among top 20
For the ninth year in a row, Aliko Dangote of Nigeria has been declared as the wealthiest person in Africa, with an estimated net worth of $10.1 billion.
SEC: Market regulation now more efficient with technology
The Securities and Exchange Commission, SEC, has said that regulation of the market in a technology-driven era is now more efficient and that is why it is stepping up its use in regulation to ensure that investors in the capital market are adequately protected.
NDIC warns operators against disclosing customers’ financial data, status
The Nigeria Deposit Insurance Corporation (NDIC) has warned financial technology (Fintech) operators against disclosing their customers’ financial details without appropriate permission.
Konga founder Sim Shagaya raises $3.1 million for new venture
Sim Shagaya, Nigerian founder of e-commerce platform Konga, is back with a new startup — uLesson — that has raised a $3.1 million seed round led by TLcom Capital.
NAICOM: Insurance firms’ total assets hit N1.3 trillion
The total asset of 58 insurance companies as at 2018 stands at N1.3 trillion, Acting Commissioner, National Insurance Commission (NAICOM), Mr Olorundare Sunday Thomas has said.
Nigeria’s Lidya plans $1.1 billion SMEs loans for Czech, Poland
Nigerian fintech lending platform, Lidya, is targeting Poland and the Czech Republic for expansion after providing thousands of loans in Nigeria, seeing an opportunity in the funding gaps facing small enterprises in fast-growing European economies.
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Coronavirus: PTAD postpones resumption of walk-in verification for pensioners
“Pensioners under the civil service pension department (CSPD); the police pensions department (PPD); the customs, immigration prisons pension department (CIPPD); and parastatal pension department (PaPD) will be affected by this suspension,” it said.
Arsenal midfielder Mesut Ozil set to join Fenerbahce
Ozil was not registered in Arsenal's Premier League and Europa League squads this season and has been free to talk to other clubs since the beginning of January with his Gunners deal expiring in the summer.
Parents canvass two shifts system in schools to forestall coronavirus spread
A cross-section of Enugu parents, on Saturday, advocated two shifts for academic activities in primary and secondary schools, reduce overcrowding and thus wide-scale transmission of COVID-19 within schools.
Governor Inuwa: Gombe’ll resume payment of N30,000 minimum wage end of January
Gombe State Governor, Muhammadu Inuwa Yahaya has assured that payment of the N30,000 minimum wage will be resumed this January having been suspended due to the negative effect of the covid-19 pandemic.
9ice, Jide Kosoko join Akin Lewis, Ibidun Allison, others in ‘The Village Headmaster’
Months after it was announced that the Nigerian Television Authority and Wale Adenuga Productions had embarked on a ground-breaking partnership to revive the iconic TV drama series, ‘The Village Headmaster’, it was recently announced that the recording stage of the first season had been successfully-concluded, and the promotional trailer had started airing across Nigeria.
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243 arrested at Lagos nightclubs for violating coronavirus protocols
The violators were said to have been arrested during a raid on Lounge 38, Bode Thomas, Surulere, where 85 suspects were arrested and the Club Victoria’s in Victoria Island, where 152 suspects were also arrested.
PTF: No plans for another nationwide lockdown
Federal authorities say it does not intend to put the nation through another lockdown even as the second wave of Coronavirus persists, the Presidential Task Force (PTF) on COVID-19 assured on Thursday in a statement it issued in Abuja.
Arnold Schwarzenegger blasts fellow Republicans after US Capitol riot
Arnold Schwarzenegger shared words of hope on Sunday in the aftermath of the deadly mob at the U.S. Capitol, while also denouncing President Donald Trump and the "spinelessness" of his fellow Republicans.
Swiss court rejects FIFA appeal to obtain Gianni Infantino’s criminal investigation files
Swiss Federal Criminal Court has denied FIFA access to case files associated with the investigation into its President Gianni Infantino and former attorney general Michael Lauber.
Fulham’s Ola Aina ready to prove point vs Chelsea
Saturday's clash at Craven Cottage reunites Aina with his former club where he spent over 11 years before he joined Torino permanently in June 2019 and he is hoping to prove a point against Chelsea.