FintechTechnology

Nigerian financial startup TeamApt is changing its name to Moniepoint. What Next?

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January 15, 2023
Nigerian financial startup TeamApt is changing its name to Moniepoint, the name of its flagship product, seven years after it first opened for business. The startup, which develops digital financial solutions for local businesses, stated that the rebrand allows it to connect with an identity that its current clients are already familiar with and confident in. Speaking to Business Insider Africa…
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Technology

Airtel spends $316.7 million for a 5G license and additional 4G spectrum.

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January 11, 2023
Airtel, a telecommunications company, has finished paying for the license for its Fifth Generation (5G) network in Nigeria. Through the Nigerian Communications Commission, the company paid the Federal Government $316.7 million for the 5G license and 4G spectrum (NCC). This was revealed yesterday by Airtel Africa Plc, the parent company of the Nigerian subsidiary and trader of shares on the…
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BankingBrands & People

Working with experts is the secret of my success, says FCMB founder Otunba Subomi Balogun.

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January 11, 2023
Otunba Subomi Balogun, the founder of the First City Monument Bank (FCMB) Group, claims that by prioritizing God and surrounding himself with thoroughbred experts, he was able to successfully navigate the Central Bank of Nigeria’s (CBN) N25 billion recapitalization policy. He continued by saying that the two elements had greatly influenced his achievements. He said that there had been…
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Markets

The federal government's goal of N2.43 trillion in non-oil revenue worries the private sector.

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January 11, 2023
The federal government’s controversial Finance Bill 2022, which intends to tax businesses even more, has caused concern in the private sector. The bill was swiftly approved by the National Assembly along with the 2023 Appropriation Bill without a public hearing, a decision that the organized business sector is currently contesting (OPS). The 2023 Appropriations Act states that N10.49…
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