FintechTransportation

Fintech introduces contactless payments in public transport.

Touch and Pay Technologies, a fintech company, has announced that passengers can now pay for interstate travel from Lagos using a mobile app. According to the firm, using its Cowry app, passengers can now pay formal and informal interstate travel operators within the city. It explained that the interstate booking function on its app automates the payment and allocation of seats for passengers. It…
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Banking

Nigeria's debt to the World Bank is currently N6trillion.

Nigeria’s borrowing from the World Bank has risen by 121.46 per cent under the regime of the President, Major General Muhammadu Buhari (retd.) The total debt owed to the World Bank Group by Nigeria rose by $7.64bn (N3.52tn, using the exchange rate of the Central Bank of…
Market

FG Places N1bn April Savings Bonds on NGX

The Federal Government has listed its April 2023 Savings Bonds worth ₦1.08bn on the Nigerian Exchange Limited. This was disclosed by the NGX in its weekly report on activities on the exchange. The bonds include 436,012 units of ₦436,012,000.00 at 10.032 per cent interest…
Agriculture

FG is planning Internet access on farms.

The Minister of State for Budget and National Planning, Clem Agba, has disclosed the Federal Government commenced some priority actions in 2022 in order to make food systems more sustainable. He disclosed this in Abuja during the inauguration of a 20-man steering committee…
Technology

9mobile invests N70billion to upgrade network

A telecommunications company, 9mobile, on Tuesday, said it has invested N70 billion in its ongoing network modernisation. The Chief Executive Officer of 9mobile, Juergen Peschel, in a statement, during its annual Channel Partners Conference held recently in Lagos said additional 600 new sites, equipped with 4G LTE facilities would be deployed alongside the new broadband services to enlarge its…
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Fintech

Fintech brand to start their operations in Nigeria.

Global fintech brand, Unlimint, is set to launch its operations in Nigeria, after receiving its Payment Solution Service Provider (PSSP) License from the Central Bank of Nigeria. The PSSP authorises Unlimint to operate as a recognised payment service provider in the…
Agriculture

Poultry farmers turn to FG for help to save the industry.

The South-West chairman, Rev. Oluleye Gideon, made the plea at a joint news conference in Ibadan, saying that the recent new naira redesign and other government programmes had adversely affected his members. Gideon said that the CBN’s policy had also brought about untold hardship to the farmers and their investments, as a result of which he said they had lost several billions of naira The…
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