Category: IT & Telecoms News

Ecobank to rewards USD$10,000, USD$7,000, and USD$5,000 respectively in the Fintech Challenge Competition

Pan-African banking conglomerate, Ecobank has on Monday launched its 2nd annual fintech challenge competition for African startups. The initiative gives African startups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling-out their solutions across Ecobank’s 33 markets. “The maiden 2017 edition of the Challenge proved that Africa has an impressive…

Telecoms VAS market hits $200m in Nigeria

The Value Added Services (VAS), segment of the telecom market in Nigeria has recorded the sum of $200 million revenue as at first quarter this year, Prof. Umar Danbatta, Executive Vice-Chairman of Nigerian Communications Commission (NCC) has said. Speaking during an interactive session with media executives in Lagos yesterday, Danbatta said the telecom industry has…

Nigeria’s emerging ICT industry is ripe for recognition and investment

By Frank Tomori The upcoming US-Nigeria Investment Summit offers an opportunity for Nigerian politicians, business leaders and diplomats to highlight the investment potentials in the country’s emerging Information and Communication Technology (ICT) industry. In recent years, ICT has become one of the most vibrant industries in Nigeria, and the reason is not farfetched. According to Statista,…

EFCC charges Globacom with $6.7m fraud

The Economic and Financial Crimes Commission has charged telecommunications company, Globacom Limited, before the Lagos State Special Offences Court in Ikeja for an alleged fraud of $6,786,674.61. The firm was charged alongside its Indian Chief Marketing Officer, Ashok Israni, who was listed as the first defendant in the case. The one count filed before Justice…

Access Bank Introduces PayDay Loan on USSD code *901*11#

With the intent to provide quicker and instant access to loans for employees, Access Bank Plc has launched PayDay Loan,Nigeria’s first fully digital lending service. PayDay Loan can be accessed on USSD code *901*11# and across over 2,000 Access Bank ATMs pan Nigeria.   PayDay Loan requires no collateral or guarantor, enabling Nigerian employees obtain loans instantly…

Oversight Functions: Telcos Drags NASS To Court, Seek Judicial Interpretation

In what seem as disturbing of the frequent summons of the Chief Executive Officers (CEOs) of telecoms operators (Telcos) by different committees of the National Assembly (NASS), which they claimed to have negatively impact on the ability to focus on their operations, the Telcos, under the aegis of the Association of Licensed Telecommunications Operators of…