The CBN has given banks and fintechs 30 days to route all PoS transactions via NIBSS and UPSL, aiming to cut failures and ensure reliable, dual-channel payment processing nationwide.
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Lack of diesel in MTN and Airtel base stations has caused network outages in Abuja. The NCC blames activities of National Oil and Gas Suppliers Association.
CBN mandates dual connectivity for all PoS transactions, forcing banks and PSPs to link with NIBSS and UPSL within 30 days.
Fintech startup NALA has secured approval from the Bank of Ghana to launch remittance services in the country, partnering with BigPay to deliver cross-border payments to individuals and businesses.
An employment tribunal has dismissed all claims of discrimination and wrongful dismissal filed by a former Kuda executive.
Interswitch’s revenue jumped 50% to ₦137.5b in 2024 as Verve crossed 100m cards and the group saw a significant boost in profitability.
Kenya sets strict conditions for Vodacom’s 55% Safaricom takeover, insisting on Kenyan leadership, local suppliers, job security, and continued focus on domestic social initiatives.
Google has released its annual Year in Search list for 2025. Here’s a look at what topped the search list for Nigerians in 2025.
Moniepoint has launched Moniebook, a unified inventory and POS system that gives businesses visibility into sales, customers, and payments as the fintech expands beyond agency banking.
Spotify’s 2025 Wrapped report shows a surge in Nigerian music consumption, with listeners spending over 1.3 billion hours on the platform. Local music streams grew by an impressive 82% year-on-year, while global Afrobeats listenership increased by 22% globally.
CBN has revised its cash-related policies, scrapping deposit limits and setting new weekly withdrawal caps of ₦500k for individuals and ₦5m for companies. The new rules take effect Jan 1, 2026 as Nigeria continues its push toward a cash-lean, digital economy.
The CBN has issued draft guidelines tightening reporting, investigation and reimbursement rules for push payment fraud, requiring faster customer reporting and stricter timelines for banks.
NITDA has trained 3,600 teachers nationwide to boost digital literacy, equipping them as master-trainers for schools. The initiative expands Nigeria’s push to build a tech-ready workforce amid rising AI and digital-skills programmes across the country.
Google has announced a ₦3bn fund to support AI upskilling and digital safety programmes in Nigeria, backing groups like FATE Foundation and CyberSafe Foundation as the country pushes to operationalise its National AI Strategy.
Paystack has revealed that it fired co-founder and former CTO, Ezra Olubi, following the resurfaced X posts. The company said it had to act fast as a company regulated in multiple markets.
Paystack has fired co-founder Ezra Olubi following allegations of misconduct, a move that came before the company concluded its investigation.
ChatGPT, X, and other platforms now have limited accessibility following a Cloudflare outage. The company says it is till investigating the issue.
Paystack has suspended its co-founder Ezra Olubi after old X posts resurfaced alleging sexual misconduct. The case adds to a string of scandals involving Nigerian tech founders, raising fresh questions about accountability in the ecosystem
Jumia has cut staff by 7% despite posting a revenue jump. The eCommerce platform said AI-driven operations is more efficient.
Y Combinator-backed Moni has rebranded to Rank after acquiring AjoMoney and Zazzau MFB, expanding its mission to digitise Africa’s community savings culture and offer broader financial services.
Nigeria will launch two new startup funds via iDICE, boosting innovation amid economic challenges and growing competition.