The First Bank of Nigeria Limited has announced the opening of the FirstBank Digital Experience Centre, a completely automated branch. ‘FirstBank launches a completely automated self-service branch, strengthening digital transformation in Nigeria,’ the bank said in a statement. The branch was developed, according to the financial institution, to provide consumers […]
FinTech
Payhippo, a Nigerian loan startup, has secured $3 million in a seed round, which it expects to use to hire the expertise it needs to improve its technology as it expands its efforts to provide quick finance to more small and medium-sized businesses (SMEs) in the West African country. Ham […]
E-Settlement (E-SL), a Nigerian fintech firm, has acquired QuickCash, a Côte d’Ivoire-based e-payment and money transfer startup. E-Settlement hopes to expand across West African countries such as Côte d’Ivoire, Burkina Faso, Niger, Togo, and other Francophone West African markets with this initiative. The agreement would broaden E-payment SL’s […]
According to various sources, the Federal Government of Nigeria has extended the deadline for citizens to incorporate their subscriber identity module (SIM) into the National Identification Number (NIN) database. The Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami), has received consent from the Federal Government to extend […]
Adewolu added that all main policy instruments emphasized the need for Nigerians to play larger roles in the ownership and management of major spheres in the sector. The Nigerian Communications Commission (NCC) has detailed some of the important steps it is taking to guarantee that businesses and individual telecoms consumers […]
In honor of the 20th anniversary of Nigeria’s infamous telecommunications revolution, Dr. Bayero Agabi, President of Digivation Networks, has been honoured for his contributions to the industry’s growth over the last two decades. The award was presented to Dr. Bayero in Lagos yesterday at the Nigeria’s Telecommunications Revolution At 20 […]
PRIMARY CONCEPTS •Facebook announced on Thursday that it has changed its name to Meta. •The company’s burgeoning goals beyond social media are reflected in the name change, which was unveiled during the Facebook Connect augmented and virtual reality conference. •The rebranding comes as the corporation has faced a bombardment of […]
Under the auspices of the West African Telecoms Regulators Assembly (WATRA), the Nigerian Communications Commission (NCC) and other telecoms regulators will develop technical and regulatory modalities aimed at combating the rising wave of electronic frauds and standardizing regional roaming tariffs in the sub-region. This was the focus of a two-day […]
Major General Muhammadu Buhari (retd.) stated Tuesday in Riyadh, Saudi Arabia, that attempts to boost the country’s digital economy and combat corruption should provide investors with “a lot of conveniences.” e-Naira, Treasury Single Account, Bank Verification Number, and National Identification Number are among the proposals highlighted by the president. Buhari […]
Prospa, a YC-backed Nigerian startup offering software and financial services to entrepreneurs and micro-businesses, has announced it closed a $3.8 million pre-seed investment, which was oversubscribed by 380%. The round was backed by venture funds Global Founders Capital and Liquid 2 Ventures. Leading entrepreneurs also participated in the round including […]