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KongaPay at House of Lords, London, Signs Historic Partnership with Bibimoney

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L-R - Chairman, Bibimoney, Lord Anthony St. John of Bletso; Chairman, Konga Group, Leo Stan Ekeh and CEO, Bibimoney, Mr. Shiraz Jassa at the partnership signing event between KongaPay and Bibimoney at the House of Lords, the second chamber of the UK Parliament last week.
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KongaPay, a frontline mobile money platform and a member of the Konga Group, Nigeria’s leading composite e-commerce giant, has signed a landmark deal with Bibimoney, a UK-based industry leader to expand access to financial inclusion for many in Nigeria, while also raising standards in the Fintech ecosystem in Nigeria and beyond.

L-R – Chairman, Bibimoney, Lord Anthony St. John of Bletso; Chairman, Konga Group, Leo Stan Ekeh and CEO, Bibimoney, Mr. Shiraz Jassa at the partnership signing event between KongaPay and Bibimoney at the House of Lords, the second chamber of the UK Parliament last week.

The iconic partnership was signed at the prestigious House of Lords, London last week by Mr. Shiraz Jassa, Founder & CEO of Bibimoney and Dr. Leo Stan Ekeh, Chairman of Konga Group witnessed by Lord Anthony St. John of Bletso, Chairman of Bibimoney, and many other distinguished guests.

In his pre-signing speech, Lord Anthony, as he is popularly known, said the world has so much confidence in Africa and the Middle East because of infinite possibilities that could emerge with companies like Konga with great credentials.

‘‘We believe in the pedigree of ownership of such home-grown companies out of Africa and shall do our best to support KongaPay become a globally respected financial services company with the way technology is simplifying transactions borderlessly. Dr. Ekeh, we have many reasons to trust Konga,’’ he stated.

Also speaking, Mr. Jessa, a highly respected Fintech genius and Founder & CEO of Bibimoney, congratulated the Chairman and management of the Konga Group for elevating governance and trust in the mobile money business.

‘‘I must tell you that a lot of companies had approached us for partnership, but your history and the profile of your investors distinguished you from the rest and that is why we are signing an exclusive partnership with KongaPay.

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“I can assure you that a in few months, you will become a very exemplary company out of Africa in the Fintech world after we have implemented the tech backbone that shall drive your different platforms seamlessly,’’ he said.

On his part, Chairman, Konga Group, Leo Stan Ekeh while appreciating Lord Anthony, the management of Bibimoney and other distinguished guests present, assured them that the vision of KongaPay remains very clear and that is to lead in Africa.

‘‘Our target is to onboard a minimum of 65m active Nigerians and Africans by the year 2025. As you are aware, we have complimentary benefits to extend to our customers unlike our competitors and that is, leveraging on our many verticals – Konga Marketplace, Konga Travel, Konga Health, Konga Food, Konga retail stores and many more to come. Most importantly, you can trust us. Thank you for the partnership,’’ he affirmed.

The partnership between both trusted platforms will promote person to person transfers, bill payments with quality and trusted payment solutions to mobile money agents, merchants, businesses, donor agencies, government and individual consumers, among others. More to the point, KongaPay will leverage Bibimoney’s status as the world’s first interoperable mobile wallet on any phone, any mobile network, to roll out an exciting solution for Nigerian users.

‘‘This strategic alliance is coming at a time that technology is changing the way financial services are performed. In the next few months, users will be thrilled with a unique simple solution that is network agnostic, interoperable and accommodates any type of phone in the world,’’ disclosed Isa Aliyushata, Vice President, KongaPay.

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Continuing, he stated: ‘‘KongaPay will also be rolling out lots of payment solutions that will facilitate cross-border payments, promote branchless and borderless trading across the world, whilst aiming not to leave a single person behind.  This, of course, keys in with the Federal Government’s bid to promote the benefits of the African Continental Free Trade Area (AFCFTA). As we grow our customer base which currently stands at 2 million, we would be expanding the range of services we provide in the next few months with lots of product offerings and benefits that are too great to ignore. KongaPay will continue to promote payment with trust,’’ he concluded.

The epoch-making partnership places KongaPay in a stronger position to grow its market share, while offering its growing customer base more exciting options and changing the narrative of financial inclusivity in Nigeria.

Licensed by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC), KongaPay has, since inception, played a key role as a leading provider of digital payment services for e-commerce transactions and other mobile money services in Nigeria. Likewise, Bibimoney is an award-winning mobile money platform, with global recognition and partnerships in Botswana, Zambia, Egypt, Uganda, India and the Solomon Islands, among others.

 

 

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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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ESUT Workers Get N82,000 Minimum Wage as Enugu Approves Fresh Salary Increase

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Enugu State Government has approved an increase in the minimum wage for workers of the Enugu State University of Science and Technology (ESUT) from N32,000 to N82,000 monthly, effective Sept. 1, 2026.

ESUT Workers Get N82,000 Minimum Wage as Enugu Approves Fresh Salary Increase

The approval was contained in a letter dated Aug. 11, 2026, signed by the Secretary to the Enugu State Government, Prof. Chidiebere Onyia, and addressed to the Accountant-General of the state.

According to the letter, the decision followed a report submitted by the Joint Action Committee on Trade Union (JACTU) at ESUT on issues surrounding a one-month strike ultimatum issued by the university’s unions.

The state government also approved an across-the-board salary increase of N50,000 for all other categories of staff at the university.

Onyia directed the Accountant-General to fully implement the approval of Gov. Peter Ndubuisi Mbah.

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The directive referenced an earlier Government House letter dated Aug. 7, 2026.

A copy of the approval was also forwarded to the Vice-Chancellor of ESUT, Prof. Aloysius-Michaels Okolie, for information and necessary action.

Speaking on the development at the 278th Regular Meeting of the University Senate on Wednesday, Okolie said the university was continuing discussions with the state government to secure improved welfare for its workforce.

He disclosed that governors in the South-East had agreed to provide at least a 20 per cent salary increase for workers in state-owned universities across the region.

The vice-chancellor, however, noted that individual governors could approve salary increases above the regional benchmark.

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Okolie thanked Gov. Mbah for implementing the N80,000 minimum wage and for his interventions in infrastructure and academic development at the university.

He also appealed to union leaders to allow the university management to conclude its ongoing negotiations with the state government on staff welfare.

The vice-chancellor said continued engagement between the university management, government and labour unions remained important to resolving outstanding welfare issues and sustaining industrial harmony at ESUT.

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Davido Bets $1m in Hit-for-Hit Battle with Colleagues

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David Adeleke, popularly known as Davido, has declared that no Nigerian artiste has more hit songs than him, challenging his peers to a hit-for-hit contest with $1 million at stake.

Davido Bets $1m in Hit-for-Hit Battle with  Colleagues

The Afrobeats superstar, made the declaration during a recent online interaction with streamer Davrel, where he expressed confidence in the strength of his music catalogue.

Key Highlights:

  1. Davido says he is ready to stake $1 million in a hit-for-hit battle.
  2. The singer claims no Nigerian artiste has more hit songs than him.
  3. His challenge could reignite comparisons with Wizkid, Burna Boy and Olamide.
  4. No major artiste mentioned in the debate had accepted the challenge as of the time of filing.

“I will put up a $1M on the table. I will do it versus anybody. A million dollars cash, nobody has more hits than me,” Davido said.

The declaration is likely to renew the long-running debate among Afrobeats fans over which Nigerian artiste has the strongest catalogue of commercially successful songs.

Davido, whose career spans more than a decade, has recorded several commercially successful songs, including Fall, If, FIA, Risky, Blow My Mind, Unavailable, Assurance and Feel.

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His claim could set up a potential catalogue battle with some of Nigeria’s biggest music stars, including Wizkid, Burna Boy, Olamide, Runtown and Tekno.

The statement also recalls the hit-for-hit debate involving Burna Boy during the COVID-19 lockdown in 2020.

Burna Boy had called for a competitive song battle, while former Mavin Records artiste Reekado Banks reportedly expressed interest. Burna Boy, however, rejected him as an opponent.

Six years later, Davido’s $1 million challenge has brought the idea back into the spotlight.

As of the time of filing, none of the major artistes indirectly referenced by Davido had publicly accepted the challenge.

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Whether the proposed contest becomes reality remains uncertain.

For now, Davido has made his position clear and is willing to attach $1 million to his claim that no contemporary Nigerian artiste has a stronger catalogue of hit songs.

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Affordable, Flexible Streaming Platforms May Kill PAYtv – Report

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Nigeria’s pay-TV industry is facing one of its toughest periods in years  as consumers increasingly migrate from conventional antenna and decoder-based television services to cheaper, more flexible and on-demand streaming platforms

Affordable, Flexible Streaming Platforms May Kill PAYtv - Report

The shift is putting pressure on established operators, such as MultiChoice, owners of DStv and GOtv; StarTimes and other traditional pay-TV providers, whose business models have long depended on recurring monthly subscriptions as per report by Business Hallmark.

According to Business Hallmark, the changing consumer behaviour is being driven by a combination of factors, including demographic transition, rising subscription costs, declining household purchasing power, improved internet access and the growing popularity of streaming services that allow viewers to pay for specific content or watch programmes at their convenience.

Streaming platforms are steadily expanding their appeal, offering consumers access to movies, sports (especially football matches and wrestling bouts), local content and international programs through smartphones, smart televisions and other internet-enabled devices.

Also, the proliferation of affordable data packages and connected devices has lowered the barrier to entry, allowing consumers to bypass traditional decoders altogether and consume content directly online.

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Three of the major factors behind the changing behaviour of Nigerian television consumers are growing internet access, economic squeeze and changing demography.

Pay-TV subscriptions, once regarded by many households as a relatively affordable source of entertainment, are now competing with several other demands on disposable income.

For instance, entertainment spending are increasingly being subjected to tougher scrutiny with household budgets under pressure from food, tuition, transportation, electricity, housing and other essential costs.

Business Hallmark checks revealed that frequent price reviews by MultiChoice Nigeria’s have pushed the firm’s products beyond the reach of many Nigerians.

One of its products, GOtv, initially designed for average Nigerians, has six packages, namely GOtv Supa Plus, GOtv Supa, Gotv Max, GOtv Jolli, GOtv Jinja and GOtv Smallie.

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GOtv Supa Plus with over 85+ channels currently goes for a monthly subscription fee of N16,800; GOtv Supa N11,400; Gotv Max N8,500; GOtv Jolli N5,800; GOtv Jinja N3,900, while GOtv Smallie subscribers choose between the N1,900/monthly, N5,100/quarterly and N15,000/annually options.

Similarly, following multiple tariff reviews, DStv Premium currently goes for N44,500 monthly; DStv Compact Plus N30,000; DStv Compact N19,000; DStv Confam N11,000; DStv Yanga N6,000 and DStv Padi N4,400.

On the other hand, StarTimes, which serves its customers through antenna signal transmission and satellite transmission, has only three bouquets, Nova, Basic, and Classic.

While Classic, the most expensive bouquet on the StarTimes’ shelf currently cost N6,000 monthly, Basic costs N4,000, while Nova costs N2,100.

While speaking to our correspondent on the major shift, some consumers explained that the choice is no longer between different pay-TV providers but between maintaining a television subscription and cancelling it altogether.

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Eighty-two Nigerians, representing 68% of the 120 Pay-TV subscribers, who participated in an online survey conducted by Business Hallmark, said they opted for less expensive and more flexible alternatives, including YouTube and a growing range of streaming platforms, using smartphones, laptops, smart televisions and other internet-enabled devices to access entertainment.Geographic Reference

According to the respondents, the shift towards streaming lies partly in its flexibility. Instead of waiting for a program to be broadcast at a scheduled time, viewers now search for specific films, series, sporting events or other contents, which can be watched immediately, or downloaded to be watched or listened to later.

“I now watch contents when I want, across multiple devices, without necessarily being tied to the traditional channel and time-based television experience”, said Tolu Olamiti, an accountant in an audit firm in Lagos.

Another factor that is fueling the exodus from pay-TV model is the growing youth population. Checks revealed that online streaming is particularly attractive to phone-savvy younger viewers, whose television consumption habits are markedly different from those of previous generations.

While underage children watch cartoons and educational programs mostly from their parents or older siblings internet-enabled gadgets, teenagers and adults now watch news, sports programs and films through live streaming or download preferred  programs to be watched later.

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“With N200 data, I can download several new films to be watched at my convenience, instead of the old films, which providers always repeat on their channels. I also listen to music through out the day without worrying about electricity as my phone can go 2 days after full charge”, said Chukwuemeka Ibe, a student of Lagos State University (LASU).

In the same vein, access to fast and cheap internet plans is helping to drive the streaming surge. For instance, a subscriber can get a daily 1G data plan on the MTN Nigeria platform for just N200. This data plan can be used to download up to 1,000MB movies, or for streaming several hours of music online.

According to official statistics from the Nigerian Communications Commission (NCC), internet consumption in Nigeria reached 13.2 million terabytes in 2025, representing a 35 per cent increase from 2024, while average monthly data usage per active subscriber increased from 3.3 gigabytes in January 2023 to 7.4 gigabytes by May 2025.Geographic Reference

The NCC data indicates growing reliance on mobile internet services and digital platforms across the country with active internet subscriptions rising from 169.3 million in January 2025 to 182.2 million by January 2026.

Also, active internet subscriptions also surpassed 142 million.

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Before the advent of internet, traditional pay-TV operators had ruled the television viewing industry largely through channel packages, exclusive content and decoder penetration. However, the rise of streaming has fundamentally altered the competitive landscape of Nigeria’s entertainment industry.

Fueled by the spread of smart devices and improved internet connectivity, streaming companies have been able to compete with traditional TV and radio providers through original programming, on-demand access, convenient timing and increased personalized viewing experiences.

A subscriber, who previously needed a satellite dish or digital terrestrial television decoder to access premium entertainment, can now use a smartphone or smart television and an internet connection.

The proliferation of affordable smartphones has further accelerated the process. Mobile phones have become entertainment devices for millions of Nigerians, particularly younger consumers, who spend more time watching short-form videos, movies and online programs than conventional television.

Also, social media platforms have become important competitors for consumers’ limited attention. YouTube, Facebook, Instagram, TikTok and other digital platforms provide enormous volumes of free or relatively inexpensive video content, forcing traditional broadcasters to compete not only for subscribers but also for viewers’ time.

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Several pay-TV subscribers, who spoke to our correspondent on the matter, said providers can no longer justify the traditional model of paying a fixed monthly fee for hundreds of channels they rarely watch.

 

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