Dayo Oyewo
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CBN Grants Approval to MTN, Airtel to Operate PSB Services

The Central Bank of Nigeria (CBN) has granted approval for Payment Service Bank (PSB) licenses to leading telecommunication companies, MTN Nigeria and Airtel Africa.The was made known through the respective memos released by the two telecom giants on Friday.PSB is…

eNaira App Disappears from Google Playstore

The eNaira speed wallet had been removed from the Google Play Store on Wednesday barely 48 hours after it was launched by President Muhammadu Buhari at the State House, Abuja. No fewer than 100,000 users had also downloaded the app…

eNaira the New Medium of Exchange in Nigeria

The Central Bank of Nigeria is set to launch its digital currency called eNaira, at the State House, Abuja. The digital currency was earlier scheduled to be unveiled on October 1, 2021, in commemoration of the nation’s independence, but was…

MTN Apologizes to Subscribers after Restoring Services

MTN Nigeria Communications Plc has apologised to its subscribers following its network disruption which last for hours on Saturday.  The mobile network operator made in a Facebook post early Sunday said efforts are ongoing to restore all connection. “We are…

Banks begin integration with the eNaira Platform

In a sheer alignment with the e-naira dispensation, banks have begun to integrate the digital currency feature into their applications. This could now be found as a new feature in the latest update of the Guaranty Trust World app. The…

Service returns to Facebook and its Subsidiaries

In just a handful of hours since his tech empire’s websites (including Facebook, Instagram, and WhatsApp) all crashed on Monday, October 4, 2021, tech billionaire Mark Zuckerberg has lost more than $6 billion. As much as this isn’t a massive…

High expectations as CBN firms up plans on eNaira

Expectations are high as to when the Central Bank of Nigeria will finally put finishing touches to the Digital Currency dubbed eNaira. This was after checks revealed that the decision to halt the launch of the eNaira was not unconnected…

Nigeria Fintech Start-up, Infibranches gets Shell $2M Funding Injection

 Infibranches Technologies Limited, a fintech startup based in Nigeria has secured a $2M Series A funding from All On – an impact investment company backed by oil and gas giant, Shell. The fund seeks to provide energy solutions to communities…

Arise B.V invests $75m in Ecobank

A leading equity investor in Africa, Arise B.V, has made an Additional Tier 1 (AT1) investment of about $75 million in Ecobank Transnational Incorporated (ETI), the Togo-based parent company of Ecobank Group. ETI made this known in a statement revealing…

Stanbic IBTC Holdings Set to Enable Single Sign-on Capability on their Mobile Super App

To unify customer experience while using its Mobile App, Stanbic IBTC Holdings PLC, is set to introduce the Single Sign-on authentication feature that will allow customers access all their active profiles across the Group. The Single Sign-on is an innovative…

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