West Africa

MoMo PBS Limited Formally Commmences Operations in Nigeria

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Nigerian Unicorn OPay Signs Deal with Mastercard

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New Warnings Show How Hackers in Nigeria Can Remotely Steal Cars

Image sourced from Car Throttle.com. Nigeria’s Communications Commission (NCC) published a warning yesterday advising drivers in the West African country to beware of a new cybercrime method being used by hackers where car doors can be opened and vehicles can be started without keys, all done remotely while the criminals hide nearby. According to the NCC, owners of Honda and Acura-model vehicles are the most susceptible to these kinds of new attacks. The NCC discovered these new grand theft auto methods via investigations made by the Computer Security Incident Response Team (CSIRT), a cybersecurity body established to protect the country’s telecom sector by the NCC. According to CSIRT’s report, released to the media by Dr Ikechukwu Adinde, Director Public Affairs at the NCC, there is an ex...

The 5 Best Forex Trading Apps for Nigerians

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ICYMI: Google’s Undersea Cable Finally Lands in Nigeria

Image sourced from Medium. Late last week, Google announced that its Equiano undersea cable, which successfully landed in Togo last month, has arrived in Lagos, Nigeria, marking the cable’s second stop along Africa’s Atlantic coast. Back in 2019, when Google introduced Equiano, the company said that the subsea cable upon completion, will start in western Europe and run along the West Coast of Africa, between Portugal and South Africa, with branching units along the way that can be used to extend connectivity to additional African countries. The technology giant says it is partnering with multiple key telecom players, including its landing party, the West Indian Ocean Cable Company (WIOCC), where Equiano lands to ensure that the cable can reach more businesses and end-users across Nigeria a...

Construction Begins on New $250-Million Hyperscale Data Centre in Lagos

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Nigerian Insurtech Startup Secures $1.5-Million Pre-Seed Funding

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MTN Cameroon to Support Camtel to Expand its 4G Coverage

MTN Cameroon and Cameroon Telecommunications (Camtel) have signed a national network roaming agreement on Wednesday which will see Camtel expand 2G/3G and 4G coverage in areas of Cameroon which are not already covered by its network. This is in line with the Cameroonian telecommunication ministry’s transformation objective, which includes initiatives to accelerate citizens’ participation in the digital economy in a cost-effective way. It is also aligned with MTN Group’s Ambition 2025 strategic intent of leading digital solutions for Africa’s progress. “One of MTN Group’s strategic priorities is to build the largest and most valuable platforms, including network as a service,” said MTN Group President and CEO Ralph Mupita. “The roaming agreement with the state-owned Camtel is a significant ...

Kenya to Double Tax Big Tech

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MTN Nigeria Attains Approval to Operate Mobile Money Bank (MoMo)

MTN Nigeria received approval from the Central Bank of Nigeria on Monday to operate Mobile Money (MoMo). MTN Nigeria’s Mobile Money (MoMo) service has more than 9-million users since it launched in 2019. According to TechCabal, the approval means that MTN Nigeria will be able to provide all the services offered by conventional commercial banks virtually, with the exception of granting credit and processing foreign exchange transactions. “We are grateful to the CBN for granting the final approval to commence the operations of MoMo PSB, which is an important milestone for our Ambition 2025 strategy. We are excited about the opportunity for MTN Nigeria to support the CBN and the Federal Republic of Nigeria in fulfilling the agenda of driving financial inclusion in Nigeria,” MTN Group CEO Ralp...

Paysend Partners with Afrimoney to Enable Transfers to West Africa

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MTN Nigeria Says it Supports New Government SIM Registration Rules

MTN, the multinational mobile telecommunications company, reassured its Nigerian investors on Wednesday that the country’s SIM registration rules will not have a huge impact on its finances. This comes after the Federal Government ordered all telecommunication operators to bar all SIMs that are not registered with National Identification Number (NIN). The government made this call in 2020 after the country saw an increase in abduction incidents. According to Tech Central, MTN shares tumbled 7.8% in Johannesburg on Tuesday as investors took fright at the decision by the Nigerian Communications Commission (NCC) to order mobile operators in Nigeria to bar outgoing calls from phone numbers not linked to the NIN system. MTN said that its Nigerian subsidiary has made good progress in registering...