EFCC Files ₦4.3 Billion Forex Fraud Case Against UBA, Two Firms and Executives
Nigeria’s anti-graft agency EFCC has filed a ₦4.3 billion forex fraud case against UBA, two companies, and two individuals over alleged illegal FX transactions and money laundering.
CBN Upgrades Opay, Moniepoint, Kuda and Other Fintechs to National Operating Licences
Nigeria’s central bank has upgraded the licences of leading fintechs and microfinance banks, including Opay, Moniepoint and Kuda, granting them nationwide operating status and stricter regulatory oversight.
CZ Ends Binance Return Speculation, Shifts Focus to Education, Investing and Government Advisory
Binance founder Changpeng Zhao (CZ) has confirmed he will not return to lead Binance, signalling a permanent shift toward education, long-term investing, and advising governments on asset tokenisation.
MTN and Airtel Lose Estimated $7 Million After Uganda Internet Shutdown
MTN and Airtel reportedly lost about $7 million in data revenue after a four-day internet shutdown in Uganda, highlighting the economic cost of election-related blackouts.
NCC Sets N250,000 Fee for Interim Service Authorisation to Boost Telecom Innovation
The Nigerian Communications Commission (NCC) announces a N250,000 administrative fee for Interim Service Authorisation applicants, enabling startups and innovators to test telecom services in a controlled environment.
Only 5 Companies Captured 43% of African Fintech Funding in 2025 — Briter Report
African fintechs raised $1.4B in 2025, but just 5 companies captured 43% of the funding, highlighting extreme concentration and a struggling early-stage funding ecosystem.
ChatGPT, Uber, Temu and Netflix Lead Global App Downloads in 2025 — Sensor Tower Report
ChatGPT, Uber, Temu and Netflix emerged as the most downloaded apps globally in 2025, according to Sensor Tower’s State of Mobile 2026 report.
MTN Appoints Shoyinka Shodunke as Head of IT Core Design and Delivery
MTN Group has appointed Shoyinka Shodunke as Executive: IT Core Design and Delivery, effective March 1, 2026, to drive AI-enabled IT transformation across Africa.
Google Search Trends Show Nigerians Prioritising Entrepreneurship, Self-Improvement and Health in Early 2026
Google Search trends from early January 2026 show Nigerians focusing on entrepreneurship, self-improvement, health, and skills development as they plan income growth and personal well-being.
NIBSS Explores Offline Payment Solutions to Include Nigerians Without Internet Access
NIBSS says it is exploring offline payment solutions to include Nigerians with limited data access, stressing the need for cash and digital payments to coexist.
