EntertainmentEntertainment

D'banj Takes Music Business to the Streets with N250 Million Support for Creatives

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April 24, 2025
Nigerian music icon D’banj is making waves beyond the stage by investing in the next generation of creatives and entrepreneurs. Through his C.R.E.A.M (Creative, Reality, Entertainment, Arts, and Music) platform, he has announced a massive N250 million fund to support emerging talents with distribution deals, helping them access industry opportunities. This initiative comes as part of…
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FintechTechnology

Telcos are phasing out old USSD codes

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May 31, 2023
Telecommunication firms have begun to phase out old Unstructured Supplementary Service Data shortcodes for new harmonised ones as directed by the Nigerian Communications Commission. With this move, famous USSD codes such as *556# are now outdated. Customers of MTN Nigeria…
Technology

MTN investors will buy dividend shares at N232.68.

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April 7, 2023
MTN Nigeria has announced the price for its shares per unit under the scrip dividend plan for interested shareholders. In a corporate notice filed with the Nigerian Exchange Limited on Thursday, the firm said that reference share price would be N232.68, which was lower than…
Fintech

MTN merges two financial subsidiaries

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March 17, 2023
Telecommunications company, MTN Nigeria, has proposed a merger of its two finance subsidiaries; Momo Payment Service Bank Limited and Yello Digital Financial Services Limited. This was revealed in its proposed resolutions for its 2023 Annual General Meeting scheduled to hold in April. The company said that the proposed merger would “hold the Payment Service Bank licence granted by the Central…
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FintechTechnology

MTN Momo Payment Service lost N22.3 billion following a security breach

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June 30, 2022
MTN Nigeria subsidiary, Momo Payment Service Bank Limited lost N22.3 billion following a security breach on the fintech’s system, which forced the company to shutdown operation temporarily. The incident occurred on May 24, 2022, after Momo PSB processed 700,000 transactions, sending proceeds into about 8,000 third party accounts domiciled in 18 banks. Efforts to retrieve the fund has now…
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