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CBN: No position on crypto technology yet

The Central Bank of Nigeria (CBN) has said it acknowledged the existence and usefulness of crypto technology but hasn’t taken any official position on it.

Court jails former banker for online fraud

Justice Afamu Nwobodo of the Enugu State High Court on Thursday convicted and sentenced one Kenechukwu Abaroh, a former employee of one of the new generational banks, to three months imprisonment with hard labour for internet fraud.
Phone SMS is used for more than just text messaging in Africa

Insurers urge vehicle owners to verify policy on USSD code

The Nigerian Insurers Association (NIA) has called on Nigerians to confirm the authenticity of their motor insurance policy on the Nigerian Insurance Industry Database Portal through the association’s Unstructured Supplementary Service Data (USSD) code *565*11# on their phone.

Central bank mulls extension of payment system vision to 2030

With just one year to the Payment System Vision (PSV) 2020, the Central Bank of Nigeria (CBN) has disclosed that it has commenced a review of the project, just as it hinted of plan to set new targets under a refreshed version tagged PSV 2030.

NIMC: Payment for National e-ID Card begins in 2022

The National Identity Management Commission (NIMC), says payment for issuance of National Identity Card would begin in 2022.

NAICOM restructures Goldlink Insurance’s board

The National Insurance Commission has effected changes in the interim board and management of the Goldlink Insurance Plc.

NHF mobile app introduction excites civil servants, TUC

The Trade Union Congress (TUC) has lauded the Federal Mortgage Bank of Nigeria (FMBN) for introducing the National Housing Fund (NHF) mobile application.

Zenith Bank pioneers POS collections without payment cards

Zenith Bank becomes the first Nigerian bank to successfully integrate and launch Unstructured Supplementary Service Data (USSD) payments on Point of Sales (POS), enabling customers to pay for goods and services via POS terminals without the use of cards
(FILES) This file photo taken on February 9, 2017 shows Chinese 100 yuan notes in Beijing. The Chinese currency continued its sharp decline on July 20, 2018 despite US President Donald Trump's bid to rein in the dollar, as analysts pointed out that a weaker yuan aids Beijing in its trade tussle with Washington. / AFP PHOTO / FRED DUFOUR

Kenya partners SimbaPay on money transfer to China

Family Bank, a leading bank in Kenya, has partnered with London-based financial technology firm, SimbaPay, to launch an instant money transfer service from Kenya to China.
Central Bank of Nigeria - CBN

Central bank directs banks to resolve USSD disputes in three days

The Central Bank of Nigeria (CBN), on Saturday directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days.

Zimbabwe slashes mobile data costs significantly as election nears

Mobile data tariffs in Zimbabwe have fallen from 12.5 cents to 5 cents per MB, with the internet expected to play a key role ahead of harmonised elections slated for July 30 this year.

Lagos eliminates cash transactions on tax

In the bid to boost Internally Generated Revenue (IGR) and block all financial leakages, Governor Akinwunmi Ambode of Lagos on Monday said the state government payment had decided to commence e-payment of taxes being paid in the state.

Lagos abolishes cash payment in revenue collection

Lagos State Governor, Mr. Akinwunmi Ambode, on Monday paid his Land Use Charge, with an announcement that the State Government will no longer accept cash payment in revenue collection effective from March 1, 2018.

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Jigawa government releases N192m for improvement of Dutse water supply

The Managing Director of Jigawa Water Board, Zayyan Rabiu, on Monday said that the state government has released N192 million for the improvement of water supply in Dutse metropolis.
national assembly abuja

SERAP fumes over ‘repressive’ National Assembly media accreditation guidelines

Socio-Economic Rights and Accountability Project (SERAP) has urged the “leadership and management of the National Assembly to immediately withdraw the repressive media accreditation guidelines or face legal action.”
David Samson Unuanel

Ex-Enyimba coach drags club over alleged N3.45 million debt

Former Coach of Enyimba International F.C., Samson Unuanel, on Tuesday dragged the club before the National Industrial Court, Abuja, over alleged unpaid N3.450 million, being the balance of his sign-on-fee
A pedestrian walks past a Huawei product stand at an EE telecommunications shop in central London on April 29, 2019. – British Foreign Secretary Jeremy Hunt has urged caution over the role of China’s Huawei in the UK, saying the government should think carefully before opening its doors to the technology giant to develop next-generation 5G mobile networks. His comments come after Prime Minister Theresa May conditionally allowed China’s Huawei to build the UK 5G network, information that was leaked to a newspaper from top secret discussions between senior ministers and security officials, a leak that has caused a scandal that has rocked Britain’s splintered government. (Photo by Tolga Akmen / various sources / AFP)

Huawei accuses US of bullying

Chinese telecoms equipment maker Huawei called itself the victim of U.S. “bullying” on Tuesday and said it was working with Google to counter trade restrictions imposed by Washington last week, a senior Huawei executive said.

Man docked for cultism, possession of firearm

The Police in Lagos on Tuesday docked a man, Toheeb Olapade, 26, at an Ogudu Magistrates’ Court, with charges of unlawful possession of a firearm and being a member of a secret cult.