Technology

GLOVO SUMMIT: LCCI, Others Advoacte for Collaboration to Promote Inclusive SMBs Growth and Innovation Across Nigeria

Glovo, a technology platform, and other stakeholders in the e-commerce ecosystem have called for stronger collaboration to promote inclusive growth for small and medium-sized businesses (SMBs) and drive innovation across Nigeria’s e-commerce landscape. President/Chairman of Council, Lagos Chamber of Commerce and Industry, Engr. Leye Kupoluyi, the Nigerian economy is at a defining moment, with commerce […]

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Technology

Glovo Flagship Industry Event, ‘Future of Commerce Summit’ Set to Host Second Edition

Glovo, a technology platform, is set to host the second edition of its flagship industry event, the Future of Commerce Summit 2.0. The summit will convene key stakeholders across Nigeria’s technology, digital, and commerce ecosystems, providing a platform for meaningful dialogue on the future of commerce and innovation in the country. Expected attendees include government […]

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Olusegun Alebiosu, MD/CEO First Bank Plc
 Business

FirstBank & Partners to Issue Free Verve Debit Cards Across Nigeria

First Bank of Nigeria Limited (FirstBank), Nigeria’s premier and financial inclusion services provider, has launched Verve Flash Promo, a special initiative rewarding customers with free Verve cards. The campaign, which commenced on 6 October 2025, and will run until 30 January 2026, is exclusively targeted at FirstBank customers whose ATM cards have expired. The free […]

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L-R:Selin Bahadirli Executive Vice President Services Mastercard EEMEA Mark Straub Co-Founder-CEO Smile ID Dennis Gamiello Executive Vice President Global Head of Identity at Mastercard.
 FinTech

Mastercard and Smile ID Signs Partnership Deal to Scale Digital Identity Across Africa 

Mastercard has extended its strategic commercial partnership with Smile ID, an identity verification provider in Africa, to accelerate the rollout of secure digital identity solutions across the continent. This partnership will enable banks, fintechs, mobile money operators and other enterprises to onboard new customers faster, reducing identity fraud and expanding access to the financial system. […]

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FinTech
  • September 30, 2025

European Regulation & FedNow Impact to Push Global nstant Payments Over $110trl  by 2029

Instant payments will surpass the $100 trillion mark in 2029; up from $60 trillion in 2025. This represents substantial growth of 84% over just four years. The Juniper Research said this rapid rise will be driven by two major trends: the increasing adoption of instant payments in Europe, driven by regulation, and the rising usage […]

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Business
  • September 8, 2025

eCommerce Market to Surpass $13 Trillion by 2030 Globally as Leading Brands Battle

eCommerce payments will exceed $13 trillion globally in 2030; up from $8.3 trillion in 2025. This substantial 57% growth will be driven by emerging markets, with Latin America and the Indian Subcontinent experiencing the fastest growth rates. In these developing regions, access to local payment methods is transforming access to eCommerce, particularly in markets where […]

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Business

Nigerians to Pay Federal Govt $80 for Every Package Leaving for USA

Nigerians will now pay $80 or its naira equivalent for every package sent to the US, the Nigerian Postal Service (NIPOST) said on Friday. NIPOST, in a circular, said the move would take effect from August 29, 2025 but disclosed that letters and documents would be exempted from the mandatory prepaid customs fee. It explained […]

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Technology

Digital Literacy, Cybersecurity & Internet Access Remain Biggest Challenges of Digital banking in Africa, Says Report

The biggest challenges confronting retail bank in Africa remain digital literacy gaps (77%), cybersecurity concerns (55%), and limited internet access (52%), though all are expected to decrease with rising digital adoption and investment. According to a report by Backbase, the global leader in Engagement Banking, in partnership with the African Banker magazine, retail banking also […]

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Business

Smartcash PSB Partners Leadway Assurance to Provide lnstant Motor Insurance

SmartCash Payment Service Bank, a subsidiary of Airtel Nigeria, has made a strategic partnership with Leadway Assurance to offer Smartcash users an effortless access to Leadway’s mobile-friendly motor insurance service. The new offering provides a convenient and affordable way for motorists to stay protected and compliant with national insurance requirements. With this collaboration, new and […]

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Dr. Fatima Abdulkadir, a qualified Sudanese doctor who fled to Chad.Credit: UNHCR
 Business

Mastercard Foundation Unveils $300m Strategic Partnership with UNHCR for Education of Youth Refugee

AMA PRESS RELEASE The Mastercard Foundation has unveiled a $300 million strategic partnership with UNHCR, the UN Refugee Agency, that will enable more than half a million refugees and displaced youth across Africa to complete their education and 200,000 young people to transition into dignified work by 2030. “This extraordinary commitment comes at a time […]

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