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Nigerian fintech Paga may be Africa s next unicorn
techcentral.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcentral.co.za Daily Mail and Mail on Sunday newspapers.
Late to fintech boom, Nigerian banks turn to regulators for help
techcentral.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcentral.co.za Daily Mail and Mail on Sunday newspapers.
Nigeria orders MTN, Airtel to suspend Sim card sales
MTN Group elected not to pay a dividend
Nigeria has ordered telecommunications companies, including MTN Group and Airtel Africa, to suspend the sale of Sim cards while authorities check their compliance with registration guidelines. It didn’t say how long the review would take.
“Mobile network operators are hereby directed to immediately suspend the sale, registration and activation of new Sim cards until the audit exercise is concluded,” the Nigerian Communications Commission said in a statement on its website.
The NCC fined MTN in 2015 for failing to disconnect undocumented Sim cards as part of a security crackdown. The matter was resolved a year later when the company paid N330-billion (US$839-million) after extensive negotiations.