The Moniepoint valuation receives a huge surge in 2024 with the latest funding round led by Development Partners International (DPI). Moniepoint now worth $1 billion dollars in valuation. According to a report by TechCabal, “the new financing round will almost triple the company’s valuation, which was around $400 million in a 2022 funding round in … Read more
Starlink speed in Nigeria is estimated to 50Mbps to 200Mbps in Nigeria by Elon Musk’s space company – SpaceX. This internet speed coverage covers all area of Nigeria. The Speeds of 50-200 Mbps could be a game-changer for Nigerians who have long endured unreliable internet service from local internet service providers (ISPs). Starlink Speed in … Read more
In Nigeria, Failure to repay loan and fraudulent financial activities are the major cause of BVN Blacklist. If lender report you to credit bureaus, your Bank Verification Code (BVN) will be blacklisted and when people report your to bank and CBN for fraudulent activities or money laundering, your BVN will also be blacklisted. Another reason … Read more
Than just an e-wallet, OPAY is providing more comprehensive financial services similar to those offere by a bank. In fact, many Nigerians have replaced OPay with their banks because the finance app is offering swift inter-bank transfers. OPAY is more than an E-wallet When OPay got into Nigeria, it was a mobile money operator (MMO) … Read more
IHS Towers is the largest telecommunication tower company in Africa. In the world, IHS Towers is one of the largest independent owners, operators, and developers of shared telecommunications infrastructure. The tower company has just secured a sum of $439 million for managing fiat risks and enhancing it operations in multiple countries across Africa. As per … Read more
The Binance’s crypto infrastructure which the company integrated into mobile money in west and central Africa is allowing crypto investors and traders in the regions to buy digital assets directly through their mobile money wallets or platforms. Supported countries includes Benin, Togo, Cameroon, Democratic Republic of Congo (DRC), Senegal, and Ivory Coast. Meanwhile, we can … Read more
Yes, many fintech companies and startups in Nigeria are leveraging the advantages of artificial intelligence (AI) for more efficient financial operations because the innovative technology is transforming the finance industry by enhancing personalized banking services, improving fraud detection and prevention, automating customer service, scoring creditworthiness and loan approvals and more. 1. AI helps in fraud … Read more
Although, the reason behind the layoffs wasn’t disclosed and the amount of employees affected wasn’t also disclosed. Mets refused to reply to comment at press time. However, another report that surfaced shows that Meta cut another 24 jobs in it Los Angeles office due to staffs using their US$25 credits, meant for daily meal, for … Read more
Why is TIN Important in 2024 in Nigeria? Having a Tax Identification Number (TIN) is important for individuals and businesses looking to involve in any financial activities in Nigeria. A new bill in Nigeria is proposing a rule that would require both individuals and businesses to provide a Tax Identification Number (TIN) before they can … Read more
Moniepoint Sort Code is a six digit unique bank identifier code (BIC) that helps in facilitating inter-bank funds transfer to/fro other banks in Nigeria. Moniepoint is the fastest growing financial technology institution in Nigeria. With sort code, inter-bank funds transfer from other bank to Moniepoint account is possible. Sending money from Moniepoint to other bank … Read more