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
Access Holdings, Coronation Partner Tate Modern to Spotlight Nigerian Modernism

Access Holdings Plc and Coronation Group have partnered with Tate Modern to commemorate World Art Day with a virtual session highlighting the global significance of Nigerian modernism.

Access Holdings
The event, titled “In Conversation with Osei Bonsu: Inside Nigerian Modernism,” featured a virtual tour of the Nigerian Modernism exhibition and discussions on the evolution of modern art in Nigeria.
The session brought together staff members across both organisations, reflecting growing institutional engagement with arts and culture as a driver of societal development.
Speaking at the event, Chief Communications and Marketing Officer of Coronation Group, Ngozi Akinyele, emphasised the role of art in shaping identity and national development.
She said that beyond financial capital, cultural and intellectual capital are essential in defining a nation’s prosperity and inspiring dialogue.
Akinyele noted that both organisations were committed to democratising access to art, ensuring it is accessible to a wider audience rather than a select few.
The discussion also featured insights from Tate Modern Curator, Osei Bonsu, and art expert Daniel Wallis, who examined the development of Nigerian modernism and its global relevance.
Bonsu said Nigerian modernism represents an independent reimagining of global art, rooted in the country’s diverse cultural heritage and expressed through unique visual languages.
According to him, the movement challenges narrow, Eurocentric definitions of modernism and highlights the richness of African artistic expression.
The session further underscored the growing international recognition of Nigerian art, particularly through exhibitions at Tate Modern.
Participants also reflected on the visit of Bola Ahmed Tinubu to the exhibition, described as a milestone in promoting Nigeria’s cultural heritage globally.
In his closing remarks, Chief Communications Officer of Access Holdings, Amaechi Okobi, reaffirmed the organisation’s commitment to advancing African narratives on the global stage.
He said the collaboration with Tate Modern aligns with broader efforts to promote dialogue, preserve cultural identity and support the creative sector.
The event reinforced a shared commitment by Access Holdings, Coronation Group and Tate Modern to elevate African art globally and ensure Nigerian cultural narratives continue to shape international conversations.
E-Business
NDPC Issues Critical Advisory as Hackers Target Nigeria’s Key Digital Systems

Nigeria Data Protection Commission (NDPC) has issued a regulatory advisory to data controllers and processors across the country following what it described as escalating threats to Nigeria’s data security architecture.

NDPC
In a statement signed by Babatunde Bamigboye, lead of Legal, Enforcement and Regulations, the commission said its technical assessment revealed that some shadowy threat actors were engaged in coordinated operations targeting financial systems and critical digital infrastructure in Nigeria.
The commission urged public institutions to comply with the presidential directive of Bola Ahmed Tinubu, which emphasises the strategic importance of data in national development.
According to the NDPC, the President had declared that “data is the new oil,” stressing the need for Ministries, Departments and Agencies (MDAs) to rigorously capture and safeguard information in line with the Nigeria Data Protection Act, 2023.
The commission therefore advised all data controllers and processors to urgently strengthen their technical and organisational measures to protect personal data and ensure compliance with the law.
It listed key measures to include the appointment of trained and certified Data Protection Officers, implementation of comprehensive privacy policies and information security standards, as well as conducting Data Privacy Impact Assessments.
Other measures recommended by the NDPC include deployment of robust identity and access controls such as Multi-Factor Authentication, adoption of zero-trust security architecture, prompt remediation of system vulnerabilities, and continuous patch management.
The commission also emphasised the need to secure cloud infrastructure, application programming interfaces (APIs), databases and access credentials, alongside real-time monitoring, logging and threat detection systems.
Further recommendations include encryption and secure credential handling, regular vulnerability assessment and penetration testing of critical systems, as well as routine backup and resilience testing.
The NDPC warned that organisations that fail to implement appropriate data protection measures in accordance with the Nigeria Data Protection Act, 2023 risk legal liabilities.
It reiterated its commitment to providing regulatory support to organisations while ensuring the protection of personal data and strengthening institutional resilience across all sectors.
E-Business
Africa’s Forex Market in 2026: Key Trends Every Trader Should Watch

The forex market across Africa is witnessing more participants and more regulatory attention than it did just a few years ago. This growth is part of a bigger picture: Sub-Saharan Africa is expected to expand by 4.3% in 2026, while global forex turnover already hit an estimated $9.6 trillion daily in April 2025. However, there’s more to it than macroeconomic figures.

The trends reshaping the market are happening from within. Here are six worth paying close attention to.
1. Trading Has Moved to the Phone
The number of people accessing the market via mobile phones exceeds those accessing it via traditional bank systems. GSMA states that in Sub-Saharan Africa alone, there are more than 1.1 billion registered mobile money accounts.
The International Monetary Fund states that digitalisation and increased usage of the internet are changing payment systems in the Sub-Saharan Africa region.
Mobile access changes traders’ behavior. It lowers the barrier to entry and speeds up deposits and withdrawals. Therefore, brokers who can provide a quality mobile trading experience will have a huge advantage.
2. Regulators Are Watching
The market is becoming more structured and more transparent. In South Africa, the FSCA regulates market conduct for financial institutions. In Kenya, the Capital Markets Authority regulates capital markets and maintains a licensing system that includes online forex brokers.
Nigeria’s SEC has publicly warned that online retail forex trading can be subject to abuse when unregulated. It also provides tools for investors to check operators’ registrations.
As a result, in 2026, more traders are likely to favour brokers that can show clear licensing, transparent operations, and stronger investor safeguards.
3. Volatility Varies by Country
A common mistake is perceiving the African market as one entity. In reality, according to RegTech Afrika, there are 21 countries out of a total of 54 that have a chance of seeing their currencies depreciate in 2025, with some of them losing value by as much as 6% or more.
A trader watching the rand, naira, shilling, or cedi, regional headlines needs more than regional headlines. Country-level macro data, central bank moves, and the US dollar will still play a major role.
4. Cross-Border Payment Infrastructure Is Quietly Improving
Platforms like PAPSS are helping make payments across African countries faster and easier to complete in local currencies. According to official announcements of PAPSS, it has become operational in 18 countries across Africa, with its latest launch in Algeria in 2025. It has also become operational in Kenya through a partnership with KCB Group, as well as in Rwanda through a partnership with Bank of Kigali.
Step by step, Africa is becoming a more financially connected continent.
5. Execution Quality Is the New Standard
Data from the BIS shows that in April 2025, three-quarters of FX trades were intermediated by the global centers of the United Kingdom, the United States, Singapore, and Hong Kong. Therefore, the best liquidity and best prices are still linked to global conditions.
For local markets, this raises the bar. Forex traders are becoming increasingly aware that tight spreads, while important, mean little without reliable prices and execution. Brokers like JustMarkets that can bring all of these elements together are in a much stronger position than competitors.
6. Education as a Necessity
Regulatory disclosures from major global brokers illustrate how tough it is to trade without proper knowledge. According to publicly available disclosures, between 70% and 80% of retail investor accounts lose money when trading CFDs.
Forex traders who understand risk management and which financial news to follow have a better chance of surviving the market. Brokers who invest in education are more likely to be seen by traders as valuable partners rather than mere facilitators.
The Market Rewards the Prepared
Africa’s forex market in 2026 is shaped by volatility, stricter rules, and mobile-first trading. The traders who combine market knowledge with the right tools and the right broker will find real opportunity here, while those who don’t adapt will find the market increasingly unforgiving.
Telecom3 days agoMTN Suspends Data, Airtime Borrowing Service over New FCCPC Lending Rules
General News3 days agoNiRA Unveils DNSSEC to Tackle Rising Cyber Threats, Strengthen Digital Trust
E-Business3 days agoNDPC Issues Critical Advisory as Hackers Target Nigeria’s Key Digital Systems
General News3 days agoNiRA Charges Media to Drive Nationwide Adoption of .ng Domain
News3 days agoNigeria Customs Deploys AI to Cover Revenue Leaks
Telecom3 days agoNokia, Orange Partner on AI-native 6G Networks
General News3 days agoTop 7 Reliable Virtual Cards for Running Ads in Nigeria
Telecom2 days agoAirtel Nigeria Suspends Airtime and Data Credit Services












