Telcos may sue banks, discontinue USSD services over N120 billion debt

Telecommunication companies are considering the possibility of withdrawing Unstructured Supplementary Service Data (USSD) services to Deposit Money Banks (DMBs). This is a last-gasp effort to recover a longstanding debt of N120 billion related to Unstructured Supplementary Service Data (USSD) services. The telcos are also threatening to take legal action against […]

CBN, Partners Host Second International Financial Inclusion Conference in October

The second edition of the International Financial Inclusion Conference (#IFIC2023) Nigeria’s flagship Financial Inclusion event is scheduled to hold on October 5th and 6th, 2023, at the    Landmark Event Center, Lagos. The theme of the conference is: “Financial Inclusion for All: Global Insights for Local Impact.”Hosted by the Central […]

FCCPC delists three Digital Money Lenders, asks Google to permanently delete Apps

Federal Competition & Consumer Protection Commission, FCCPC has permanently delisted Sycamore Integrated, Orange Loan and Purple Credit as approved Digital Mobile Lenders. Babatunde Irukera, the Executive Vice Chairman of FCCPC, disclosed this in a statement on Thursday. DAILY POST recalls that FCCPC vowed to delist and remove from Google DMLs […]

Payday secures $3m seed round to drive expansion

Payday, a leading pan-African neobank issuing global accounts to Africans, has announced a US$3 million seed round to power its expansion into Europe and North America. Launched in June 2021 by Favour Ori, Payday was developed to support African remote workers, freelancers and digital professionals with frictionless, borderless payments, enabling global payment […]

IFIC’22: NIBSS to join industry stakeholders to discuss financial inclusion

The Nigeria Inter-Bank Settlement System (NIBSS) is set to join other industry stakeholders to examine the opportunities, identify concrete solutions, and interventions that would ensure the achievement of the nation’s financial inclusion objectives at the International Financial Inclusion Conference  on the 24th and 25th of November 2022 in Abuja, Nigeria. […]