Financial Services Innovators (FSI), with sponsorship from the Nigerian Communications Commission (NCC), has selected 15 female students from Northern Nigeria for industry internships after completing an eight-week software testing training programme that attracted 590 applications. The programme, which ran from August 8 to September 26, 2026, reached female students across Kano, Nasarawa, Bauchi, Sokoto and …
The Federal Government has launched a National Digital Alphanumeric Postcode System aimed at improving how businesses and public services reach communities across the country. The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, announced the launch on X on Thursday. He said the system would provide a foundation for integrating postcodes into commerce, transport, …
MTN Group is exploring banking licences in some of its African markets as the telecommunications giant seeks to expand its lending business and use its balance sheet to provide loans directly to customers. MTN Group chief executive officer, Ralph Mupita, disclosed this on Tuesday while speaking with journalists. He said the proposed banking model would …
Nigeria’s Securities and Exchange Commission (SEC) is moving to bring more of the country’s rapidly expanding digital asset market under formal regulatory oversight. But the growing scale of crypto activity means the regulator now faces a bigger challenge, that is, turning a largely market-driven ecosystem into a compliant and investor-protected financial market. The SEC recently …
Financial Services Innovators (FSI), in partnership with Mentors Without Borders (MWB), has expanded its one-year Tech Mentorship Programme to Aliko Dangote University of Science and Technology (ADUSTECH), Wudil, Kano State. The initiative is designed to equip university students with practical technology skills, industry knowledge and professional mentorship to improve their employability and career prospects in …
The International Monetary Fund (IMF) has said artificial intelligence (AI) could increase Sub-Saharan Africa's gross domestic product by about four per cent over the next decade if countries, including Nigeria, address long-standing constraints such as unreliable electricity, weak digital infrastructure and skills shortages. In its 2026 departmental paper, 'Unlocking the Potential: AI in Sub-Saharan Africa', …
A Federal High Court judgment has affirmed the validity of the rules for the Federal Competition and Consumer Protection Commission (FCCPC) to resume the implementation and enforcement of the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations). The FCCPC disclosed this in a statement on Monday, July 20. It said the decision …
President Bola Tinubu has signed a new Executive Order establishing a coordinated regulatory framework for virtual assets, creating a CBN-led council to strengthen oversight of the digital economy, curb fraud and close regulatory gaps exploited by unregistered operators. The Presidential Executive Order on Virtual Assets Coordination, 2026, which takes immediate effect, is designed to harmonise …
The Federal Government has directed regulatory agencies under the Ministry of Communications, Innovation and Digital Economy to adopt a unified approach on policies affecting internet platforms, online intermediaries and other cross-cutting digital economy issues, as it moves to eliminate regulatory overlap and strengthen investor confidence. The directive was issued by the Minister of Communications, Innovation …
The Securities and Exchange Commission (SEC) has granted Approval-in-Principle (AIP) to seven fintech and digital asset firms under its Accelerated Regulatory Incubation Programme (ARIP). The admission allows the firms to operate within the SEC regulatory sandbox as the Commission steps up efforts to support innovation while protecting investors. The approval, announced in a public notice …
