Nigeria processed close to 11 billion electronic payment transactions in 2024, more than double the 5 billion transactions recorded in 2022, according to the Central Bank of Nigeria (CBN). The apex bank disclosed this in its report titled 'Shaping the Future of Fintech in Nigeria: Innovation, Inclusion and Integrity', released on Monday. The report shows …
DataPro, a leading Data Protection Compliance Organisation (DPCO) in Nigeria, has projected that 2026 will be a defining year in the country’s data protection evolution. The organisation made this projection in a statement issued on Wednesday to announce its upcoming week-long programme themed ‘Privacy in the Age of Emerging Technologies: Trust, Ethics, and Innovation’. According …
The Nigerian Communications Commission (NCC) has announced that it will begin implementing a new consumer refund framework on March 1, 2026. It said this is aimed at resolving delays in refunds for failed airtime and data transactions. It made this known in a statement released on Thursday, January 8. According to NCC, the policy was …
Nigeria leads Africa’s fast-growing digital payments space as instant payment transactions climbed close to $2 trillion in 2024. This is according to the new report, "State of Inclusive Instant Payment Systems (SIIPS) 2025," released by the AfricaNenda Foundation in partnership with the World Bank and the United Nations Economic Commission for Africa (UNECA). The report …
A new study has raised warnings of an alarming surge of Technology-Facilitated Gender-Based Violence (TFGBV). The study conducted by the pan-African organisation, Paradigm Initiative (PIN), shows 67 per cent of respondents being victims of at least one or multiple forms of digital violence. It was released on Wednesday, December 10, as the world marked International …
Africa’s biometric systems are blocking millions of citizens from access to fundamental rights and services, a report has shown. The report, titled ‘Biometric Digital-ID in Africa: Progress and Challenges to Date – Ten Country Case Studies’, was published on Thursday, December 4, by the Institute of Development Studies (IDS). It provides the most comprehensive and …
Former Vice President Atiku Abubakar has expressed concern over the appointment of Xpress Payment Solutions Limited as a new Treasury Single Account (TSA) collecting agent. He raised the concern in a statement on Sunday, November 23, urging the federal government to come clean with Nigerians. He likened the appointment to a dangerous resurrection of the …
Telecommunications (Telecom) companies in Nigeria grew revenue to ₦7.67 trillion in 2024, boosted by increased demand for data services, higher subscription rates, and expanded enterprise solutions. The Nigerian Communications Commission (NCC) disclosed this in its 2024 Subscribers/Network Performance Report, released on Wednesday, November 12. It shows that the telecom companies' revenue increased by 44.7 per …
In a bid to expand its digital infrastructure and strengthen its competitiveness under the African Continental Free Trade Area (AfCFTA), the Federal Government of Nigeria has unveiled the largest fibre optic cable factory and first fibre-reinforced plastic manufacturing facility as a strategic asset for national development. The plant, built by Coleman Technical Industries Limited in …
The Federal Government said it is targeting $75 million in two new investment funds under its Investment in Digital and Creative Enterprises (iDICE) programme to boost the Nigerian technology and creative sectors in 2026. It was said in a statement on Monday, November 10, by the Senior Special Assistant to the President on Media and …
