E-Business
NowNow Says ‘Ditch Traditional Leather Wallet’ as Mobile App Goes Live

NowNow, has launched an innovative consumer mobile wallet (M-Wallet) to boost financial inclusion in the country.
NowNow, a mobile wallet offering from Contec Global InfoTech Limited is a PCI DSS compliance platform which ensures all transactions are secure and certified by Commodo SSL.
Mr. Sahir Berry, the managing director of NowNow told Nigeria CommunicationsWeek that the m-wallet has been unleashed as an app for doing payments recharges and transfer money electronically.
The wallet, Nigeria CommunicationsWeek learnt, can be opened against a mobile number, First Name and Last Name. You can use the service if you have a smartphone and internet access to the phone. The NowNow Wallet is easy to use, safe and having faster payment process.
The NowNow wallet aims to eradicate the habit of keeping traditional leather wallets.
“The NowNow wallet, “allows user to perform mobile recharge, bill payments, money transfer to bank accounts, Peer to Peer transfer very quickly directly from the pre-funded wallet without entering the card details every time before performing the transaction.
“You don’t have to carry your leather wallet full of debit cards. Every time you don’t have to put your card details for every payment which is actually minimizing the risk of exposing your full bank account, unlike using a Bank app or USSD code especially at smaller merchants you may not be comfortable exposing your card or bank account details or for performing simple transactions like Mobile Recharge, Pay TV, Money Transfers”.
He said that over a period of few months’ consumers will be able to use NowNow wallets for payments at offline and online merchants.
“Moreover, when you pay using our wallet you will get cash back for every transactions or you may get a free discounted coupons usable at eatery, shoe shop, saloon, boutique redemption of the coupon may end up making your transaction absolutely free,”
Mahesh Nair, chief operating officer of the company, further explains he is optimistic about the future of mobile wallets in Nigeria in the coming years. As more people go mobile and embrace the newer and faster ways of making payments from mobile wallet.
Speaking further, the MD said that by using NowNow Wallet (App) customers stand to get “Hassle free fast, secure transaction procedure; cash back or discount coupon on every transaction; limiting your exposure to your direct full bank account to all merchants, especially for smaller transactions and monitor and keep a control on your daily expenses.
Other Specialities:
The NowNow app allows the unbanked easy access to financial services. Users gain access to a wide variety of financial and value added services which include but is not limited to being able to;
Receive Money Using Only a Phone Number
Send a request for money that allows people to pay you with a simple tap. Whether you’re collecting money for a group dinner or contributing to a friend’s upcoming nuptials, we make it easy for everyone to send and receive money.
Generate a QR Code and request for money is a very easy functionality available on the app.
Send Money Within Seconds
Send money to anywhere in Nigeria in just seconds. Send Money to NowNow wallet holders in the country using their mobile number.
Transfer Money and Cash Out at NowNow Agent point without an account number.
Transfer Funds to Bank Accounts
With your NowNow wallet you are able to transfer money to any bank account in the country and the money will be delivered to recipient’s account in minutes any day, anytime 24x7x365.
Pay Utility Bills with No Delays
Renew your subscription with your favourite pay TV and internet service provider. You can also take care of your electricity bill using your NowNow wallet. Merchants you can make payment using your NowNow wallet include but is not limited to GOtv, DStv, StarTimes, Consat, Smile Networks, Spectranet, Swift Internet, IkejaElectric.We can even buy itune credits, good play, xbox, skype credits and much more.
NowNow, Nair said, is constantly working to add more merchants and billers on the platform.
Purchase Airtime/Data
Recharge: Now stop scratching heads on scratch cards and USSD for recharging your airtime and data packs. You can easily recharge from anywhere and anytime and happily continue with our phone calls with our loved ones using NowNow Wallet.
Creating A NowNow Wallet
So now you don’t have to take the stress of carrying and paying by cash for any transactions the mobile wallet can be used for all types of transactions.
Over a period of time the wallet will be accepted at all online and offline merchants the idea is to promote wallet transactions.
Funding Your NowNow Wallet
You can fund your mobile wallet through any of the following ways: at any NowNow agent outlet; using the internet banking platform. At Bank branch, using your debit/credit card.
How It Works: Select phone number from your contact list; create a beneficiary list for recipients of your most frequent transactions; send and request money from using QR code; earn rewards for every transaction performed.
E-Business
Jumia Tech Week 2026 Begins with Tech Deals on Smartphones, Electronics, and Everyday Technology

Jumia Nigeria has announced the launch of Jumia Tech Week 2026, a two-week campaign offering customers access to discounted technology products across key categories, including smartphones, computing, home entertainment, and wearable devices.

Starting from March 2 to March 15, Jumia Nigeria’s Tech Week 2026 is themed ‘Tech Products for Less’ – a deliberate commitment by the e-commerce giant to drive down the cost of technology products for Nigerian consumers. The campaign offers significant price reductions across key product categories, enabling more Nigerians to access the devices they need at prices that reflect the company’s dedication to affordability and consumer value.
Jumia Tech Week will feature deals across a wide range of product categories, including mobile phones, computer systems and accessories, televisions and audio equipment, gaming products, home appliances, portable power solutions, health technology,, and wearable devices.
Customers will also have access to curated recommendations, including top smartphone deals, must-have accessories, gaming essentials, and home technology upgrades.
According to Temidayo Ojo, CEO of Jumia Nigeria, the campaign reflects Jumia’s broader commitment to making everyday technology more accessible to Nigerians.
“Technology has become an essential part of everyday life, and access to the right devices enables more people to participate fully in the digital economy,” said Ojo. “At Jumia, we remain focused on expanding access and improving the shopping experience as we continue to build Nigeria’s everyday retail destination.”
The campaign will include a range of customer engagement initiatives such as flash sales, brand days, anchor deals and interactive activities designed to enhance the online shopping experience.
Special highlight periods, described as Explosion Days, will take place on March 6 and March 13, featuring limited-time offers across selected technology categories. Customers will also be able to participate in interactive activities, including product-based games, treasure hunts,, and live shopping sessions during the campaign period.
The campaign will feature participation from leading brands including Oraimo, Silver Crest, Samsung, Ecoflow, Nivea and Aeon, offering customers a wide selection of technology, household and lifestyle products. Early access promotions already begun during the teaser period from February 16 to March 1, allowing customers to preview selected deals ahead of the official launch.
Jumia Tech Week forms part of the company’s broader strategy to expand e-commerce adoption by improving access to essential products and enhancing the customer experience across its platform. As Nigeria’s e-commerce market continues to grow, Jumia remains focused on strengthening its product assortment, logistics capabilities, and digital experience to serve customers better nationwide.
Customers can participate in the campaign by using the Jumia mobile app or visiting the Jumia website and following the conversation online using #JumiaTechWeek.
E-Business
House Queries NDIC: ₦5m Max Payout for Failed Bank Depositors

Nigeria Deposit Insurance Corporation (NDIC) pays between ₦2 million and ₦5 million as deposit insurance to customers of liquidated banks, Managing Director Thompson Oludare Sunday told the House Committee on Insurance and Actuarial Matters during 2026 budget defence.

NDIC
House Spokesperson Akin Rotimi Jr sought details on depositor entitlements, citing Heritage Bank’s June 2024 collapse and public concerns over financial confidence.
Sunday explained NDIC’s mandate: banks pay risk-based premiums (now under 1%, down from 15/16 of 1%) to guarantee deposits. Coverage is ₦5 million for deposit money banks, primary mortgage banks (PMBs), and microfinance banks (MMOs); ₦2 million for other financial institutions.
Using BVN, NDIC auto-pays guaranteed sums without visits for amounts up to the limit. For Heritage, post-revocation, NDIC liquidated assets—selling buildings, recovering loans, realizing investments—and paid a second ₦24.63 billion dividend on January 6.
“Anything above ₦5 million or ₦2 million depends on recoveries,” Sunday said, noting ongoing asset sales and debt chases.
Committee Chairman Ahmed Jaha Babawo commended the clarity, noting the limit rose from ₦500,000 to ₦5 million recently. Over 90% of Heritage depositors got insured sums in under four days, meeting International Resolution Deposit (IRD) standards.
Babawo added liquidation dividends would be discussed in executive session.
E-Business
Kaspersky Discovers New Phishing Campaign Exploiting Google Tasks Notifications to Steal Corporate Credentials

Kaspersky has uncovered a new phishing scheme that abuses legitimate Google Tasks notifications to trick corporate users into revealing corporate login credentials.

By leveraging Google’s trusted @google.com email domain and notification system, attackers bypass traditional email security filters and exploit users’ trust in familiar services.
In this campaign, victims receive an authentic-looking notification from Google Tasks with the subject line “You have a new task.” The message creates the illusion that the recipient’s company has adopted Google’s task management tool, pressuring them to act quickly. The notification often includes elements of urgency, such as a high-priority flag and a tight deadline, to prompt the victim’s immediate response.
Upon clicking the embedded link, users are directed to a fraudulent form disguised as an “employee verification” page, where they are asked to enter their corporate credentials under the pretense of confirming their status. These stolen credentials can then be used for unauthorised access to company systems, data theft, or further attacks.
“Google’s vast ecosystem of services gets exploited by scammers. The scheme with Google Tasks is part of a broader trend observed before and continuing into 2026, where cybercriminals misuse legitimate platforms to distribute scams and phishing.
Notifications originating from legitimate domains naturally evade many spam and phishing filters, while the social engineering aspect – making it seem like an internal company process – lowers the victim’s guard,” comments Roman Dedenok, Anti-Spam Expert at Kaspersky.
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