CBN sets N2b benchmark for Mobile Money Operators (MMOs)

Mobile Money Operators (MMOs) are to maintain a minimum of N2 billion capital base, the Central Bank of Nigeria (CBN) has directed in a circular signed by its Director, Payments System Management Department, Musa Jimoh. They have also been authorised by the apex bank to hold customers’ funds under its new licencing framework. According to … Continue reading CBN sets N2b benchmark for Mobile Money Operators (MMOs)

UK telecom companies won’t sell locked phones anymore

Mobile phone companies are to be banned from selling devices which are “locked” into specific networks, the UK communications regulator has ruled. Ofcom said the likes of BT/EE, Tesco Mobile and Vodafone will be told to follow their other big name rivals in only supplying phones which allow customers to switch from one network to another … Continue reading UK telecom companies won’t sell locked phones anymore