News Highlights: AI and smartphones are driving financial inclusion in Nigeria Stakeholders at PAFON 2.0 call for stronger collaboration, consumer education, and security As Nigeria intensifies efforts to bridge the financial gap for millions of unbanked citizens, experts and industry leaders have pointed to strategic collaboration, tech innovation, especially Artificial Intelligence (AI), and increased consumer education as the cornerstones for meaningful financial inclusion. This consensus emerged at the second edition of the Payments Forum Nigeria (PAFON 2.0) held recently in Lagos, where industry stakeholders, policymakers, and innovators gathered to deliberate on the theme: “Bridging the Customer Experience Gap for Financial…
Author: Our REPORTER
News Highlights: EFCC says investors in CBEX will recover their funds, as recovery efforts and international collaborations are underway. The commission confirmed it had been tracking CBEX before the crisis and had earlier warned Nigerians about Ponzi schemes. The Economic and Financial Crimes Commission (EFCC) has reassured Nigerians who invested in the embattled CBEX digital trading platform that their funds will be recovered, as it revealed it had been monitoring the platform long before the recent investor uproar. The assurance came after a chaotic weekend saw CBEX investors unable to withdraw funds, triggering panic and outrage on social media. The…
In a significant move to improve the user experience, MTN Group, Africa’s leading telecommunications service provider, has partnered with Meta to enhance the quality and reliability of voice and video calls on real-time calling applications such as WhatsApp across 12 MTN markets. By optimising application-aware networks and network-aware applications, the initiative aims to deliver a more seamless, stable, and high-quality user experience. The collaboration aims to improve real-time calling experiences across 12 markets by pinpointing areas for enhancement and executing specific interventions. Since MWC 2024, MTN and Meta teams have been collaborating to identify key areas for improvement and implement…
News Highlights: Dr. Leo Stan Ekeh unveiled the “Last Mile Takeover” as a vital strategy for brand success in Nigeria’s competitive market. KongaFM 103.7 is redefining brand-consumer engagement by blending music, commerce, and cutting-edge technology. At a recent industry event hosted by Konga 103.7FM, Nigeria’s leading hit music and commerce station, celebrated tech entrepreneur and Zinox Group Chairman, Dr. Leo Stan Ekeh, made a strong call for a shift in how brands engage consumers in today’s competitive market. Speaking on the theme, “Consumer Last Mile Takeover: The New Key,” Dr. Ekeh introduced the concept of the “Last Mile Takeover” as…
News Highlights: NIMC has warned Nigerians against giving out their NINs for money, calling it illegal and punishable by law. Several individuals involved in the unauthorised NIN collection in Anambra have been arrested and are under investigation. The National Identity Management Commission (NIMC) has cautioned Nigerians against disclosing their National Identification Numbers (NINs) to unauthorised individuals or organisations in exchange for money. This warning follows reports from Anambra State where some residents were allegedly enticed to submit their NINs for financial compensation—an act NIMC describes as illegal under the NIMC Act No. 23 of 2007, the Data Protection Act, and…
News Highlights: Zinox Technologies and TETFUND agreed to a strategic partnership to deliver renewable energy solutions to tertiary institutions across Nigeria. Zinox showcased its advanced ICT capabilities, emphasizing the importance of supporting indigenous tech for sustainable national development. Zinox Technologies Limited, West Africa’s foremost ICT solutions provider, recently paid a courtesy visit to the headquarters of the Tertiary Education Trust Fund (TETFUND) in Abuja, reports Digital TimesNG. The engagement, held under the theme “Advancing Innovation for a Sustainable Future,” brought together senior executives from both organizations to explore strategic collaborations that would drive technological advancement and promote sustainable energy solutions…
News Highlights: PalmPay unveiled its new Debit Card and outlined bold steps to make digital payments easier and more rewarding across Africa. CMO Sofia Zab revealed how PalmPay tackled reliability and cost challenges to boost cashless adoption in Nigeria. At the recent Tech Unite Africa 2025 conference held in Lagos, PalmPay unveiled its newest innovation—the PalmPay Debit Card. During the event, Chief Marketing Officer Sofia Zab offered valuable insights on how to accelerate Africa’s transition from cash to digital payments. Speaking during a panel discussion, Sofia Zab highlighted two major challenges PalmPay faced when entering the Nigerian market: reliability and…
News Highlights: Nigeria to Host GITEX for the First Time GITEX Nigeria to Boost Innovation and Investment The Federal Government, through the National Information Technology Development Agency (NITDA), has partnered with KAOUN International to bring the prestigious Gulf Information Technology Exhibition (GITEX) to Nigeria for the first time, in a bold move to spotlight Nigeria’s fast-growing startup ecosystem and digital economy. The announcement, made at NITDA’s corporate headquarters in Abuja during the inauguration of the Local Organising Committee (LOC), reflects a national push to attract global tech investors and innovators. Digital TimesNG reports that the LOC, comprising key players from…
In a glowing testimonial that reveals the rising influence of KongaFM 103.7 beyond Lagos, a business merchant from Kano, Mr. Ishaku Mohammed, shared how the station’s late-night programming helped him overcome insomnia and reconnect with hope. Mr. Mohammed, who was in Lagos to attend a wedding, stumbled on KongaFM by chance, but the impact, he says, was life-changing. “KongaFM solved my insomnia. It was like a miracle. I tuned in around 9 pm and left the radio on. The inspirational songs and messages gave me peace and helped me sleep properly again, for the first time in a long while,”…
…Uche Uzoebo, MD/CEO SANEF As Special Guest News Highlights: Ebehijie Momoh, MD/CEO of AfriGOPay Financial Services Limited, will deliver the keynote address at PAFON 2.0, focusing on AI-driven financial inclusion and security. PAFON 2.0, scheduled for April 10, 2025, in Lagos, will gather top industry leaders to discuss enhancing digital transaction security and customer experience. Ebehijie Momoh (Mrs), the Managing Director and Chief Executive Officer of AfriGOPay Financial Services Limited (AFSL), a subsidiary of NIBSS, has been announced as the keynote speaker for the second edition of Payments Forum Nigeria (PAFON 2.0). PAFON 2.0 will be held on Thursday, April…