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Around 850 million people globally lack any form of digital identification. A large percentage of this population comes from Sub-Saharan Africa and South Asia. This creates challenges, especially in accessing critical services, building robust systems…
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It’s regulatory season in Nigeria. Early in December, the central bank governor, Yemi Cardoso, fired a warning shot during a speech at a bankers’ dinner in Lagos. “Recent developments in the payment services landscape have…
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Olu Akanmu, OPay’s former president and co-CEO, exit underscores the potential tensions between financial goals and brand perception in fintech companies. On July 31, 2023, Olu Akanmu, former co-CEO of Opay, stepped down after almost…
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In December 2023, the purchasing power of Nigerian households was squeezed even more as consumer prices rose throughout 2023, increasing the possibility that the country’s central bank would raise interest rates. Official data from the…
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Woven Finance, the Coronation Group-backed fintech startup, has denied shutting down, claiming that an email sent to customers on Wednesday morning informing them of a shutdown was sent in error. “The email was unauthorised and…
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Africa’s venture funding boom between 2020 and 2022 gave birth to a bustling market for secondary sales of startup shares. It made early investors, founders and employees wealthy as one VC firm was able to…
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Motorcycle taxis, a dominant transportation force in Africa, have substantial potential for electrification as electric two- and three-wheelers gain traction across the continent. These insights stem from a recently launched UNEP report focusing on the…
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This week, MultiChoice-owned streaming platform Showmax unveiled the content slate for the revamped version of “Showmax 2.0”. Due to launch in February, Showmax will feature 1,300 hours of original African content and the continent’s first…
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The Ministry of Interior’s recent overhaul of the passport application portal brings significant changes to the Nigerian passport application process. The system now offers a seamless, almost fully automated experience from backend processing to frontend…
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Scheduled for the 7th of March 2024, the forthcoming Joint Admissions and Matriculation Board (JAMB) mock Computer-Based Test (CBT) exam holds significant importance in aiding candidates’ preparedness for the main examination. Here are essential aspects…
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Nigeria’s Central Bank (CBN) has appointed new board members for Union Bank, Keystone Bank, and Polaris Banks following the dissolution of previous board members yesterday. The Central Bank of Nigeria (CBN) dissolved the board of…
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The Central Bank of Nigeria (CBN) has sacked the board of directors of three banks, Keystone Bank, Polaris Bank, and Union Bank, in a meeting at Abuja, the nation’s capital. A high-ranking CBN official confirmed…
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