In the fiscal year 2024, only 11 out of Nigeria’s 36 states are projected to generate sufficient income to cover the salaries of their workers, according to a recent analysis conducted by the Foundation for Investigative Journalism (FIJ). The analysis, which compared the 2024 personnel costs and revenue estimates across all states, revealed that Kaduna,…
In a recent development, Safaricom, Kenya’s leading telecommunications provider, has introduced a significant policy change impacting its widely used mobile money service, M-PESA. The company has decided to restrict customers from sending money to unregistered individuals on the M-PESA platform, thereby extending this restriction to unregistered users on Airtel Money and T-Kash as well. T-Kash,…
In a groundbreaking move, the Central Bank of Nigeria (CBN) recently lifted the ban on transactions between banks and crypto exchanges, signaling a new era of possibilities for the country’s crypto enthusiasts. After nearly three years of regulatory uncertainties, Nigerians can now seamlessly buy and sell crypto using their bank accounts. This development has sparked…
Starlink, Elon Musk’s ambitious low-orbit satellite service, has hit a roadblock in its quest to extend its reach to every corner of the globe. The Botswana Communication Authority recently rejected Starlink’s application to operate in the African nation, casting uncertainty over its planned launch in Q4 2024. Starlink submitted its application in May 2023, but…
Airtel Africa, a prominent telecommunications firm operating in 14 African countries, has reported a staggering 99% decline in profits for the last fiscal year. The primary factors contributing to this financial setback are significant currency devaluations in key markets, including Nigeria, Malawi, Zambia, and Kenya. The company’s profits plummeted to $2 million, a stark contrast…
In recent weeks, the high cost of cloud computing has been a thorn in the side of African startups, prompting heated discussions about the need for homegrown solutions. The discontent among founders and operators reached a crescendo last week, with social media flooded by complaints about the financial burden posed by international cloud services. This…
MoneyBay loan app emerges as a convenient alternative to traditional Nigerian banking. Offering quick access to credit with minimal paperwork, MoneyBay has garnered over 11,500 downloads on Google Play, signaling its growing popularity. Interest Rates and Repayment: A Closer Look MoneyBay’s competitive edge lies in its interest rate structure. Ranging from 6 percent to 24…
In the ever-evolving landscape of financial technology, XtraCash, accessible through Quickteller, stands out as a swift and convenient solution for individuals in Nigeria, Ghana, and Zambia seeking a quick cash advance. This comprehensive guide covers everything you need to know about XtraCash, from application procedures to repayment methods and interest rates. About XtraCash XtraCash, facilitated…
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In an era where digital apps offer both unprecedented convenience and unforeseen threats, securing our digital assets becomes paramount. Cyber threats are on the rise daily, making it essential to fortify our defenses. One effective way to enhance online banking security is by using a Zenith Bank Token Code. This small electronic device generates unique,…
Fairkash Loan App emerges as a reliable and flexible solution for obtaining quick credit in Kenya, Tanzania, Nigeria, South Africa, and the Philippines. This article serves as your ultimate guide, covering everything from interest rates to the application process, ensuring you make informed decisions. Fairkash Interest Rates: Competitive and Country-Specific Fairkash stands out with its…