NGX Group Chairman, Umaru Kwairanga, Visits Dubai Financial Market for Industry Partnership

L-R: Idorenyin Jacob, winner of the Grand Mentor Award...

The inability of banks and telecom operators to agree on modalities for mobile money operations is hindering the potential of such transactions in Nigeria, compared to the acclaimed success of M-pesa in Kenya. Mobile money transactions need legislations and approvals from both the Central Bank of Nigeria (CBN) which regulates the banking sector and the Nigerian Communications Commission (NCC) that oversees telecom services in the country. Giving an insight into the success of M-Pesa in Kenya at the Commonwealth Broadband Forum 2015 in Abuja, Mr. Joseph Tiampati Musuni, Principal Secretary, Ministry of Information, Communications and Technology, Kenya, said their country experienced a similar Banks-Telcos disagreement at the outset of mobile money services in Kenya. But he added that the government was able to facilitate an amicable and working arrangement between them to pave way for roll-out of the service.

Following the continuous worsening power outages the privatised Generating Power Companies (GENCOs), the Transmission Company of Nigeria (TCN) and the Distribution Power Companies (DISCOs) are now on each other’s neck over who bears the cost of power losses from evacuation points through the national grid to the distribution network. This is due to dilapidated facilities at both the transmission level and distribution network.

Eugene Adogla Director of Operations, MicroEnsure Ghana Mr. Eugene Adogla, Director...

L-R: Vincent Okereke, Portfolio Manager, Blue Segment, Stanbic IBTC...

Global airline share prices increased, and outperformed the global...

  Yinka Sanni CEO Stanbic IBTC Holdings Plc Stanbic IBTC Bank PLC, a...

While market saturation and U.S.–China tensions are placing the...