West Africa
MTN Nigeria Posts Latest Results, Sees Massive Fintech Boom
MTN Nigeria has today announced its unaudited results for the half-year ended 30 June 2022. The company, an arm of MTN Group, considered Africa’s largest telecom in terms of subscribers and revenue, continues to report positive growth, particularly in its fintech wing. The half year saw MTN Nigeria’s active fintech subscribers grow by 87.3% to 11.5-million, including the registration of 4.2-million MoMo wallets since the launch of the fintech PSB on 19 May of this year. A massive gain for the business that was affected by a series of shady bank transfers in the country in June. Across the board, MTN Nigeria reported positive results with a 7.6% increase in mobile subscribers to an enormous 74.1-million, adding 5.7-million in the quarter alone. Active data users also increased by 13.2% to 3...
Is Nigeria Facing a Phishing Epidemic?
Sourced from Pure Cloud Solutions According to a new Digital Payment survey from Russia-based cybersecurity group Kaspersky, a staggering 61% of respondents from Nigeria said they faced phishing scams when using online banking or mobile wallet services. 67% have personally encountered fake websites, and a massive 82% experienced scams (via texts or calls) using social engineering. When asked about awareness of threats against digital payment methods, the majority of respondents from Nigeria report that they are aware of both the financial phishing attacks (95%) and online scams (97%). 78% also stated that they are informed about banking malware on PCs and on mobile. This type of malicious software steals money from users’ bank accounts. However, 98% think that banks and payment companies s...
ID Cards, Home Addresses of Nigerians Exposed in Huge Alleged Government Security Failure
An ID card allegedly exposed as part of PLASCHEMA’s unsecure data buckets. A new report from the cyber-security team of online resource supplier Website Planet indicates that a huge alleged security fault at Nigerian government healthcare organisation PLASCHEMA (Plateau State Contributory Health Care Management Agency) has exposed over 45GBs of personal data, over 75,000 files, from an estimated 37,000 people. The massive oversight, according to Website Planet’s team, has left information such as ID cards – including full names, dates of birth, occupations, blood groups and even personal addresses, parents’ full names and registration details – birth certificates, personal photographs, identification for government officials and more, in the open online with no protection. An applica...
United Bank for Africa Launches New Branch in Dubai
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Nigeria Twitter Ban Was Unlawful, ECOWAS Rules
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Bboxx & Orange Connect 150,000 People in DRC to Clean Energy
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Healthtech Company Launches Data-driven Insights Platform for Pharmacies in Ghana
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UK-based Company Invests $20-Million in Mobility Fintech in Nigeria
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MTN Nigeria Bleeds $54-Million to Shady Bank Transfers
Sourced from TheTechieGuy (https://thetechieguy.com/) Nigeria’s largest telecom firm, MTN Nigeria and MTN’s leading subsidiary in terms of sheer number of subscribers, has taken 18 banks in Nigeria to court over an alleged series of unauthorised transfers to the tune of $53.7-million. The shady transfers were from an account reportedly owned by its mobile payment service bank (PSB) MoMo, which was only recently licensed in the West African country. According to several Nigerian publications covering the story, MTN Nigeria alleges that the 18 banks, which are partners of the telecom, have wrongly transferred billions of Naira to 8000 accounts maintained by customers of the banks. MTN through MoMo is currently seeking a court declaration that states that the fund deposits belong to MoMo and ...
AfDB Approves $2-Million Technical Grant to Boost Electricity Reforms
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Uber Celebrates Six Years of Operating in Ghana
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Nigeria Announces New Regulations for Facebook, Twitter & Other Platforms
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