As Voice Revenue Drops, Telcos Turn To Data, Mobile Money   Nigeria’s network operators are turning to other products and services to boost their revenue profile as increasing competition in voice and messaging services continue to affect their revenue. The telcos are investing massively in data services,...

CBN Targets N5bn Investment From Telcos For Mobile Money   The Central Bank of Nigeria has asked telecommunications companies that intend to deepen financial inclusion in the country through mobile money services to make a minimum capital deposit of N5bn. It was gathered that the apex bank...

CBN, NCC Sign MoU To Drive Financial Inclusion   As part of moves to strengthen mobile money segment of Nigeria’s information and communications technology (ICT) sector, the Nigerian Communications Commission (NCC), and the Central Bank of Nigeria (CBN), have signed a Memorandum of Understanding (MoU). Inked by...