Author: ITPulse

As Nigerians continue to seek smarter ways to manage household and business expenses, Konga has taken another significant step towards making premium products more accessible by partnering with Klump, one of Nigeria’s leading Buy Now, Pay Later (BNPL) platforms. The partnership gives customers greater payment flexibility by allowing them to spread the cost of eligible purchases over convenient monthly installments through Klump’s network of lending partners. Depending on the selected lender and the customer’s eligibility, repayment terms, upfront payment requirements, and loan tenure may vary. The integration reflects Konga’s continued commitment to delivering innovative, customer-focused shopping solutions that remove financial…

By Epiphanus Obia  The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks, including fintech-linked lenders NOW NOW Digital Microfinance Bank, Sycamore Microfinance Bank, Creditville Microfinance Bank, OurPass Microfinance Bank and Casha Microfinance Bank, over regulatory breaches. The revocation, which took effect on July 1, 2026, was approved by CBN Governor Olayemi Cardoso under Sections 12 and 13 of the Banks and Other Financial Institutions Act (BOFIA), 2020. In a statement signed by Acting Director of Corporate Communications, Hakama Sidi-Ali, the apex bank said the affected institutions failed to meet one or more regulatory requirements…

By Epiphanus Obia  Google has partnered with British-Sierra Leonean actor Idris Elba to launch a $1 million initiative that will provide Nigerian creators and others across Africa with free access to artificial intelligence tools aimed at improving content production and boosting their competitiveness in the global digital economy. The initiative, funded by Google and the Elba Hope Foundation, targets 100,000 creators in Nigeria, South Africa, Ghana, Kenya and Sierra Leone. Participants will receive free access to Google’s Gemini AI assistant and other digital tools that support writing, research, image generation, translation and video production. Google said the programme is intended…

The Nigerian ruling political party, the All Progressives Congress (APC) has articulated five core ambitions for its technological roadmap heading into 2031. The national Chairman of the party, Professor Nentawe Yilwatda, who disclosed this in Lagos last week at the West Africa Convergence Conference (WACC 2026), organised by KnowHow Media, noted that the comprehensive strategy aims to reposition Nigeria as a dominant digital economy over the next several years. The five core pillars for a New Digital Economy Compact, structured according to him, should be built on Predictability, Innovation, Investment, Talent, and Inclusion. “The great nations of the twenty-first century…

WhatsApp has announced that it is rolling out an early reservation system for customizable usernames, marking one of the most significant privacy overhauls in the messaging app’s history. With this announcement, sharing your personal cell phone number with a new acquaintance or a massive group chat might soon be a thing of the past. For over a decade, the Meta-owned platform has required users to swap digits to connect. However, recognizing that a phone number is deeply tied to personal identity, security, and external accounts, WhatsApp is shifting toward a handle-based system similar to Discord, Telegram, or its sister app,…

Every transformative company begins with a simple idea. For Stabyl, that idea was born not in a boardroom, but during conversations between classmates at the University of Oxford, where discussions about the future of digital finance evolved into a bold vision for solving one of Africa’s biggest financial challenges. Between 2021 and 2022, Prince Nnamdi Ekeh, then Co-CEO of Konga Group, and fellow Oxford MBA student Zachary Schwartzman repeatedly exchanged ideas on how stablecoin technology could address the persistent inefficiencies surrounding foreign exchange across African markets. Their shared conviction later attracted software engineer Michael Anyi, whose decade-long experience building financial…

By Martin Ekpeke The National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, has outlined that technology is no longer just a standalone sector but the foundational platform upon which modern global economies compete. This was central submission during his keynote address at the 15th West Africa Convergence Conference (WACC 2026) and the 50 Most Influential Figures in Nigeria’s Digital Economy Recognition Ceremony, organized by Knowhow Media in Lagos last week. Speaking to an audience of tech innovators, investors, regulators, and policymakers, Prof. Yilwatda outlined a strategic vision titled “Leveraging Technology for Development: Building Africa’s Digital Powerhouse and…

The Federal Competition and Consumer Protection Commission (FCCPC) has denied reports claiming it approved 48 additional digital loan applications, saying no new licences have been issued under the country’s digital lending framework. In a statement posted on its official X account on Sunday, the commission described reports alleging that the number of licensed digital lenders had increased to 505 as false and misleading. The FCCPC said it remains bound by an interim order of the Federal High Court restraining the implementation of the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations (DEON Regulations) 2025, adding that it cannot approve new…

By Martin Ekpeke The Ministry of Finance Incorporated (MOFI) has unveiled a strategic blueprint to convert idle federal assets into productive digital infrastructure, aiming to directly create jobs, lower internet costs, and bring millions of unserved Nigerians into the formal economy. Dr. Armstrong Takang, the Managing Director and Chief Executive Officer of MOFI, presented the plan at the West Africa Convergence Conference (WACC) 2026. Titled “Mobilising Federal Assets, Capital and Partnerships for Nigeria’s Digital Economy,” the presentation outlined how state-owned commercial assets are being repositioned to support President Bola Ahmed Tinubu’s Renewed Hope Agenda. By separating the state’s regulatory functions…

Tech leaders and chief executives converged on Lagos on Friday, June 19, 2026, for an exclusive industry gathering hosted by global tech giant Samsung and Sub-Saharan technology distributor, TD Africa. The high-profile event was organized to officially unveil the new Samsung Experience Centre, located within the TD Africa Tec Experience Centre in Lagos. It provided a premium networking platform for key industry stakeholders, sparking engaging conversations around digital transformation while offering CEOs firsthand interaction with Samsung’s latest portfolio of consumer electronics, home appliances, and smart technology solutions. Addressing the gathering of executives, Jingak Chung, Head of Product Management, Digital Appliances…