CAC Warns Fintechs, Threatens CBN Sanctions Over Unregistered PoS Operators in Nigeria
The Corporate Affairs Commission (CAC) has issued a stern warning to fintech companies enabling unregistered PoS agents, threatening blacklisting and CBN sanctions as Nigeria moves to enforce mandatory registration by January 1, 2026.
FairMoney Microfinance Bank Drives Next Phase of Digital Financial Inclusion in Nigeria
FairMoney Microfinance Bank is evolving from a digital lender into a full financial ecosystem—expanding retail, SME, and merchant banking while championing digital financial identity and inclusion for millions of Nigerians.
Microsoft to Increase Microsoft 365 Subscription Prices Worldwide by July 2026, Citing AI and Security Enhancements
Microsoft will raise global prices for Microsoft 365 starting July 21, 2026. The update affects business, enterprise, and government customers, driven by over 1,100 new features including AI-powered Copilot tools and advanced security upgrades.
OpenAI to Acquire Neptune.ai to Strengthen Frontier AI Research and Model Training Infrastructure
OpenAI to Acquire Neptune.ai to Strengthen Frontier AI Research and Model Training Infrastructure
Vodacom to Acquire Additional 15% Safaricom Stake in $1.6 Billion Deal, Raising Ownership to 55%
Vodacom, through Vodafone Kenya, will acquire a 15% stake in Safaricom from the Kenyan government in a $1.6 billion deal, increasing its ownership to 55% while the government reduces its stake to 20%.
Moniepoint Launches Moniebook POS to Help Nigerian SMEs Streamline Operations and Boost Growth
Moniepoint Launches Moniebook POS to Help Nigerian SMEs Streamline Operations and Boost Growth
South Africa Launches Investigation Into Temu and Shein Over Consumer Protection Act Compliance
South Africa’s National Consumer Commission (NCC) has opened a formal investigation into Temu and Shein over concerns around product safety, marketing practices, algorithm use, and compliance with the Consumer Protection Act.
AFC Secures $524 Million Dual-Currency Samurai Loan to Strengthen Infrastructure Investment Across Africa
Africa Finance Corporation raises a record $524 million dual-currency Samurai term loan, expanding its footprint in Japan’s capital markets and boosting funding for critical infrastructure projects across Africa.
GCR Upgrades FairMoney’s Credit Rating as Fintech Posts Strong 2024 Revenue Growth
FairMoney has earned upgraded long- and short-term ratings from Global Credit Ratings (GCR), supported by strong cash flow, improved portfolio quality, and rising dominance in Nigeria’s microlending industry.
Temu Partners with Dellyman to Boost Delivery Speed and Customer Trust in Nigeria
Temu partners with Lagos-based logistics startup Dellyman to enhance delivery times and strengthen customer trust in Nigeria’s growing e-commerce market, leveraging Dellyman’s tech-driven logistics network.
