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eNaira Transactions Rise To N4bn, CBN Rolls Out USSD
The brand equity of eNaira has received a remarkable boost as the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has said that the value of transactions on the app has risen to N4bn.
eNaira was launched by President…
Snapchat Hits 1 Million Premium Subscribers
Snap, the parent company of the social media app Snapchat, has announced that Snapchat+ has reached one million premium subscribers in a very short period.
The social media company had in June this year announced the launching of…
Mobile Transactions Rise By N8.9tn In Three Years
Mobile transactions have risen by N8.981 trillion between the first seven months of 2019 and the corresponding period of 2022.
According to the data released from the Nigeria Interbank Settlement System, mobile transactions have…
Aviation: Emirates Suspends Flights To Nigeria
Emirates Airlines has announced the suspension of all its flights from Nigeria effective September 1.
This was issued in a statement on Thursday. It stated that the move became necessary owing to its inability to repatriate its…
Bank Customers To Earn More As CBN Increases Interest On Savings To 4.2%
Bank customers in Nigeria will now be paid more interest on their savings as the Central Bank of Nigeria (CBN) has reviewed upward minimum interest payable from 10 per cent to 30 per cent of the Monetary Policy Rate (MPR).
By the…
SA Market: Despite Growth Of e-Commerce, Shopping Malls Remain Consumer’s favourite
Shopping malls in South Africa have remained one of the best consumers’ main shopping choices despite the boom in e-commerce during and after the Covid-19 pandemic.
This was made known by the CEO of Cash Connect, Steven Heilbron,…
Insurance Sector Records 6.2% Growth, 15% Market Size Expansion In Q1 2022
Despite the economic challenges, the insurance sector in Nigeria has recorded a year-on-year growth rate of 6.2 per cent at the end of March 2022.
According to the National Insurance Commission, NAICOM, the market size of the sector…
Mobile Apps Rake In $214.9bn Revenue Globally From Advert Earnings
Advertising has made major revenue by earning $214.9bn for mobile apps accounting for 51% of total revenue in 2022.
While the size of the app market grew tremendously in the past two years, partly due to the pandemic, the global…
Currency Market: CBN, AFF To Boost eNaira Adoption With Supports For 10 Startups
The Central Bank of Nigeria (CBN) alongside Africa Fintech Foundry, (AFF) has announced its collaboration to support 10 startups, to increase the adoption of eNaira across the country.
This was revealed by the Head of AFF, Daniel…
Monster, Lipton, And Gatorade Emerge As Three Fastest-Growing Brands
Monster, Lipton, and Gatorade have emerged as the world's fastest-growing brands in the non-alcoholic drinks sector.
This is according to the Non-Alcoholic Drinks ranking from brand valuation consultancy, Brand Finance.
Every…