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MTN Uganda eliminates mobile money charges amid virus outbreak

MTN Uganda, the country’s largest telecoms firm, has eliminated some charges on its mobile money platform to help spur greater use of digital transactions and discourage the use of cash as a way to potentially slow the spread of the coronavirus outbreak.

CBN: Completed e-payment transactions hit N203 trillion

Electronic payment (e-payment) transactions worth N203.35 trillion were carried out by banks between January and June 2019, Central Bank of Nigeria (CBN) half-year e-payment figures have shown.

NCC: Why we crashed USSD price cap

Today’s global economy is increasingly dependent on mobile technology. This is not just for telecommunications services but also for a number of other services offered by adjacent industries.

Airtel Africa posts $796m revenue

As the corporate earnings continue to hold sway in the Nigerian market, Airtel Africa has announced that its revenue increased to $795.9 million from $744.5 million recorded in the corresponding period of 2018.
Phone SMS is used for more than just text messaging in Africa

Experts: Mobile phone triggers fundamental shift in financial services

Mines Nigeria Ltd., a telecom, media and tech business company, on Tuesday, said that mobile phones had triggered a fundamental shift in financial services.

Official: First Bank’s mobile money 22,000 agents process over $490 million transactions monthly

First Bank of Nigeria has said that its efforts to deepen financial inclusion in Nigeria has grown its network of mobile money agents to over 22,000 agents.
e-Payment - iStock

Nigeria’s e-payment transactions hit N56.85 trillion

Latest report from the Nigerian Interbank Settlement System (NIBSS), has shown that Nigeria’s electronic payment (e-payment) services, recorded transactions worth N56.85 trillion between January and end of September, 2018.
Dr Herbert Wigwe, Managing Director of Access Bank Plc

Herbert Wigwe: Fintech will transform financial services

Dr Herbert Wigwe, the Managing Director of Access Bank Plc., says Fintech in a few years, will change the face of financial services as the next big thing in Africa.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN targets mobile banking licence in Nigeria

Nigeria announced last month that it would allow telecom companies to provide banking services, aiming to give millions of Nigerians without bank accounts access to so-called mobile money services, a policy that has been very successful in Kenya.
Ghana

Ghanaian traders accuse Nigerians of destroying shops, threaten to retaliate

Ghanaian traders at Tiptoe lane, Circle, Accra on Tuesday threatened to carry out reprisal attacks on Nigerians at the market, after they found about 30 of their shops destroyed.

Ugandans raise volume on social media tax protests

Campaigners against Uganda's tax on social media have been broadcasting calls on loudspeakers urging users not to pay the levy, playing a game of cat-and-mouse with police, witnesses said on Tuesday.
A protester is arrested by police during a demonstration in Kampala to protest a controversial tax on the use of social media on July 11 2018 . Isaac Kasamani - AFP

Uganda protest over new social media tax turns violent

Ugandan police on Wednesday used tear gas and bullets to break up a street protest against a new tax targeting social media users.

Ugandan lawmakers to review social media tax

Ugandan lawmakers will on Wednesday review the recently imposed controversial government tax on the use of social media and mobile money transactions, a spokesperson said on Tuesday.

Ugandan citizens unite against social media tax

Politicians, clerics, feminists and others have formed a broad coalition of Ugandans calling on Tuesday for an end to a social media tax the government hopes will raise revenue and silence "gossip".

Financial inclusion: Central bank inaugurates 14-member steering committee in Jigawa

Jigawa Government and Central Bank of Nigeria (CBN) on Friday announced a financial inclusion partnership scheme to encourage and promote economic independence for people of the state, especially the poor.

Internet bank fraudsters now in recession, will never recover – CBN

Internet fraudsters in the banking sector who have deprived unsuspecting bank customers of billions of their hard-earn money over the years are now in recession and would never recover again because the Central Bank of Nigeria will continue to strengthen the fight against e-fraud in Nigeria.

NCC collaborates with central bank to checkmate mobile banking fraud

The Nigerian Communications Commission, (NCC) on Thursday said it was partnering with the Central Bank of Nigeria (CBN) to sensitise customers on mobile money banking fraudsters.

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