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Telcos disagree with CBN, push to lead mobile money

Telcos disagree with CBN, push to lead mobile money The Punch Published 22 July 2021 Stakeholders in the telecommunication sector have said mobile money services should be driven by telecoms companies, a position that runs contrary to that of the Central Bank of Nigeria. In its recently released ‘Regulatory Framework for Mobile Money Services in Nigeria’, the CBN said there shall be only two models for the implementation of mobile money services in Nigeria. They are the bank-led, where a bank and/or its consortium will serve as the lead initiator; and the non-bank-led, where a corporate organisation duly licensed by the CBN will serve as the lead initiator.

#Twitterban: Nigerian leaders do not believe in Nigeria

Punch Newspapers Sections Published 10 June 2021 Until recently, I had believed that the biggest threat to Nigeria’s corporate existence was hunger. Following the shenanigans of the past week when the regime of Major General Muhammadu Buhari (retd.) banned Twitter because he got his feathers ruffled, I concluded that the trouble with Nigeria is that our leaders are a collective of anti-social elites who have zero faith in the country’s prospects. They do not expect that Nigeria can ever thrive, so they do not put effort into building up the nation. Even worse, this unimaginative leadership class frequently and mindlessly pulls down the organic initiatives Nigerians pull together to expand their chances of survival.

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