Tuesday, March 5, 2024

App in Nigeria is saving lives by connecting people to pro bono legal services

In October 2021, Shola Usman was arrested and held without charge for eight months in a prison cell in Mabushi Police Station in Abuja, Nigeria. Four months later, a court ordered that assets worth millions of naira (1USD= 908 Naira) belonging to the 44-year-old mother of six be confiscated while she was in arbitrary detention. She had not appeared before a judge.

It was not until June 2022 that she was released from custody on bail, after Nigeria’s Inspector General of Police was made to intervene through an official petition by her lawyer.

Usman, an agricultural entrepreneur who farms staples like rice and maize and sells them to wholesalers and retailers, was accused of defrauding the wife of a powerful politician. She denied all accusations, but still paid the price.

“The politician,” Usman told Quartz, “had the money to drag me from court to court, and used his influence to obtain a court order to freeze my bank accounts, claiming that I committed fraud.” She did not wish to reveal the identity of the politician for fear of further reprisal.

Nigeria, which ranked 150 out of 180 countries surveyed in Transparency International’s 2022 corruption perception index, see graft as resulting in the “perversion of justice, wrongful convictions, and acquittals of guilty parties,” according to the International Bar Association, a 75-year-old organization that aims to protect and advance the rule of law globally. In a recent report, the association said that corruption “weakens the judiciary and other law enforcement agencies, as corrupt officials can be easily manipulated or bribed,” compromising the delivery of justice.

Furthermore, official statistics by the Nigerian Correctional Service indicate another fault with the rule of law in Africa’s most populous country: In 2023, 69% of the 77,849 inmates in Nigeria were pre-trial detainees, including Usman, who was held in a police station for eight months. Based on this fact, Nigeria’s Inspector General of Police intervened to order her release.

In 2017, human rights lawyer Nelson Olanipekun set out to fix this. He established Citizens Gavel Foundation for Social Justice (Gavel), a civic tech organization aimed at improving the pace of justice delivery through the use of technology. Gavel focuses on indigent victims of injustice and uses an online platform to connect inmates trapped in a judicial limbo with lawyers willing to help.

“The initiative was born from a personal experience a long time ago when my father desperately needed legal aid but was only able to get it through a lawyer who had volunteered to stand in for him,” Olanipekun told Quartz.

At her arrest, Usman alleges that policemen raided her home and took two vehicles, then stormed her mobile shop and warehouse, and carted away merchandise and thousands of sacks of produce.


Stranded in a legal purgatory, Usman told Quartz she “endured inhumane treatment while in detention,” including getting hit on the head, and was left to bleed for days, and being “blackmailed” and “hounded by the politician’s loyal policemen.”

Quartz reached out for comment to officers at the Mabushi Police station where Usman was held. The reporter was told that officers are not at liberty to speak to the media and advised to file an official request for comment, which could take months to respond to.

In comments made last year, Nigeria’s Inspector-General of Police vowed to punish erring police officers who fail to abide by the law enforcement mandate and uphold the constitution. But the country’s war on terror has often led to a culture where excessive use of force is rampant.

These slow processes and limited access to justice are what inspired Gavel, says Olanipekun.

After resigning from a career as a corporate lawyer, Olanipekun started spending his days visiting prisons and police stations, where he spoke to people who were unjustly detained in an effort to help secure their release by representing them in court, he recalls.

But even before he started Gavel, which operates in Nigeria and the United Kingdom, Olanipekun dabbled in pro bono work.

He remembers the case of three orphaned young boys in a remote village in Anambra State in southwest Nigeria, who vandalized the roof of the house they inherited from their parents to prevent their uncles from taking the building.

“This was between 2011 and 2012. They were underage and didn’t know what to do when their uncles had them arrested,” says Olanipekun, who attended every court hearing in the boys’ case until he managed to get them out.

A 2023 field study by The Hague Institute for Innovation of Law (HiiL), an international non-government organization committed to people-centered justice, found that 81% of Nigerians experienced at least one legal problem in the past year, with many facing multiple problems mostly related to disputes with neighbors, domestic violence, land disputes, crime, and housing issues.

“The difficulty in gaining timely justice in Nigeria was what inspired Gavel and later [the] Podus application which launched in 2021,” says Olanipekun.

“Podus connects any person in need of legal aid with an available pro bono lawyer near them so that in the shortest possible time, they can get justice,” he explained.

The simple interface, which started as a mobile application before shifting online as a web app, requires complainants to sign up, then fill out an online form where they select one of nine categories including rape, extortion, domestic abuse or defamation, select the region, then describe details of their case and add their name and contact information.

Clients are then connected to one of Gavel’s network of 200 volunteer lawyers in their vicinity all over Nigeria, who take on their case in return for appearance fees and stipends to cover basic costs, which Gavel pays through funds donated by sponsors, partners, and agencies like Osiwa, Luminate, Civic Hive, Trust Africa and BudgIT. Partnering lawyers are thoroughly vetted through an extensive examination of their record as human rights advocates and their contribution to their local bar associations.

According to Adewole Ibukun, Head of Procurement at Gavel, the organization has helped release over 5,000 pretrial detainees.

“Many of them were remanded in custody because they didn’t have a lawyer,” Ibukun told Quartz. “Others are summarily locked up by police for crimes they did not commit, in which case Gavel facilitates their bail.”

A 2021 Centre for Democracy and Development (CDD) report about Nigeria’s human rights record over the last two decades supports Ibukun’s statements.

The report highlights unlawful detention as a persistent human rights violation, whereby “citizens continue to be unlawfully detained under harrowing pre-trial detention for years without formal charges being brought against them,” noting that Nigerian police routinely charge suspects with grave offenses to detain them while making little effort to investigate or prosecute the cases.
 

A tech-assisted lifeline at a critical human moment

Gavel’s services were a lifeline for Shola Usman, who,, had lost access to her bank accounts and was forced to borrow to stay out of prison. Usman herself — a wealthy business owner — doesn’t technically fit the traditional profile of Gavel’s pro bono clients. But the company made an exception, as she had been left with no access to her own funds.

“A friend sent me the link on WhatsApp and as soon as I created my case I was assigned to Barrister Oluwaseyi Arowosebe. Gavel has been supporting me since August 2022,” said Usman.

Despite its complexity, Usman’s case appears simple compared to that of Daniel Jagaba, a 51-year-old father of three who was falsely accused of rape in 2017.

Jagaba, who was precariously employed in menial work like house-painting and carpentry, was released soon after his arrest for lack of sufficient evidence.

“But the police officer who was investigating the case rearrested me and demanded a bribe of 50,000 naira [equivalent of $137 at the time] to grant me bail,” Jagaba told Quartz. “When I failed to raise the money, I was kept in pre-trial detention pending the transfer of my case to an appropriate court.”

When the case was filed at a High Court, the trial lingered between 2018 and 2019. Then, the covid pandemic broke out, delaying proceedings another two years, Jagaba said, at which point the case was moved to another high court presided over by a new judge who restarted the trial.

“I was in prison when the Gavel team visited to offer their pro bono services. My lawyer had abandoned me after stripping me of what little money I had, so I asked for their help and told them my story,” he said.

“When Gavel eventually started to follow up on my case, the corrupt prosecutor, who I found out while in detention had conspired with the policeman, stopped attending the court hearings,” Jagaba said.

Jagaba’s Gavel-appointed lawyer made several attempts to strike down the case for want of diligent prosecution, until Jagaba was finally acquitted and discharged in October 2022.
 

A path to change

Lawyer and Gavel’s legal representative in Abuja, Abioye Mosunmola, cites procedural bottlenecks as a reason behind the slow legal processes.

“Judges still write in longhand during court proceedings, and there are many other outdated practices,” Mosunmola told Quartz.

“Gavel’s tech initiatives propose the infusion of tech into court processes to make it easier for lawyers to carry out their legal tasks, and for judges to dispense justice,” Oluwaseyi Arowosebe, a lawyer and consultant with Gavel, told Quartz.

“The police arbitrarily arrest innocent citizens and detain them for weeks and months without a remand warrant and without charging them to court,” said Arowosebe. “Corrupt judges sell justice to the highest bidders, and innocent people are robbed of their fundamental human rights by state actors who have no respect for the rule of law.”

In a collaboration between Gavel and the National Judicial Council (NJC) in 2022, the Oyo State Judiciary deployed the Nigeria Case Management System, a web platform that seeks to automate case flow management in the courts to facilitate the safe electronic exchange of documents between the different court levels.

In Lagos, Gavel partnered with the Lagos State Ministry of Justice to deploy the Justice Clock, which gives complainants access to their case files and legal advice online.

But these initiatives are no panacea for the country’s systemic challenges to the rule of law.

The corruption and dysfunction that plagues Nigeria’s legal system has been thoroughly documented, in particular the human rights violations committed by the now defunct Special Anti-Robbery Squad (SARS), a unit of the Nigerian police tasked with fighting violent crimes.

In October 2020 the #EndSARS campaign in which Gavel took part, saw at least 56 people killed by excessive use of force by the police and military, leading to the disbandment of the unit by presidential decree within days.

But other pro-democracy actions were met with resistance, according to Nelson Olanipekun, Gavel’s founder, citing his organization’s recent bid to report what it calls“compromised” Court of Appeal judges to the National Judicial Council (NJC), the constitutional body responsible for disciplining errant judges.

Quartz received a copy of the NJC’s acknowledgement that it had received Gavel’s Nov. 28 petition regarding the “recklessness and gross abuse of the revised judicial code of conduct for judicial officers” in Nigeria, informing Gavel that “action is being taken.”

“Yet despite the assurances, the NJC still promoted the accused judges to the Supreme Court,” said Olanipekun.

“The repressive nature of state actors is one hell of a problem to contend with,” said Olanipekun.

This story is published in collaboration with Egab.

By Chidi M. Nwachukwu, Quartz

Related story: Set them free! The judge who liberates Nigerians forgotten in jail

Dangote wants to set up trading arm for Lagos mega refinery

Africa's richest man Aliko Dangote is planning to set up an oil trading arm, likely based in London, to help run crude and products supply for his new refinery in Nigeria, six sources familiar with the matter said.

The move would reduce the role of the world's biggest trading firms, which have been negotiating for months to provide the refinery with financing and crude oil in exchange for products exports. The giant 650,000 barrel-per-day refinery is set to redraw global oil and fuel flows and the trading community is closely watching the way it will operate.

Dangote, whose wealth is estimated by Forbes at $12.7 billion, did not reply to several comment requests.
BP, Trafigura and Vitol among others have met Dangote in Lagos and London in recent weeks to offer loans for the some $3 billion in working capital the refinery needs to buy large amounts of crude, trading sources told Reuters.

The traders asked the refinery to repay loans with fuel exports but so far they have signed no deals as Dangote worries they would reduce his control of the project – and potentially his profit, the sources said. Dangote has also met state-backed firms in his search for cash and crude.

"He is going to try and do it himself," an industry source told Reuters. Sources told Reuters the new trading team will be led by ex-Essar trader Radha Mohan. He joined Dangote in 2021 as director of international supply and trading, according to his Linkedin profile. Two sources said the team was in the process of hiring two new traders.

The refinery took nearly a decade to complete -- and came in at a cost of $20 billion, some $6 billion over budget.

The plant has refined around 8 million barrels of oil between January and February and will take months to get to full capacity. So far, Vitol has prepaid for some product cargoes to help the refinery buy crude, while Trafigura has swapped some crude oil in exchange for future fuel cargoes, sources with knowledge said. Geneva-based Vitol and Trafigura declined to comment. 

By Julia Payne and Libby George, Reuters 

Related story: Anti-graft body of Nigeria visits Dangote Group in forex probe

Dangote oil refinery to help solve fuel shortage in Nigeria

Binance to halt naira services amid ongoing regulatory probe in Nigeria

Binance will discontinue its naira (NGN) services in response to heightened regulatory scrutiny in Nigeria, it said in a blog post today. The cryptocurrency exchange will begin delisting any existing NGN spot trading pairs by Thursday, March 7. It advised users to withdraw, trade, or convert their NGN assets into crypto before the service discontinuation. Any remaining NGN balances in users' spot and funding wallets will be converted to USDT on Friday, March 8, it noted.

By Wednesday, March 6, Binance will also delist NGN services on its auto-invest tool and remove the currency from the list of supported payment options on Binance Pay.

This development follows recent regulatory actions by the Nigerian government, which imposed restrictions on both local and foreign cryptocurrency exchanges, including Binance. As a result, users have encountered accessibility challenges on the Binance website.

Last week, the Central Bank of Nigeria, the country's apex bank, said Nigeria was losing out on taxes from unregistered crypto exchanges and accused Binance of facilitating "illicit flows from sources and users who we cannot adequately identify" to the tune of $26 billion.

What followed was the reported detention of two Binance officials after they were invited to Nigeria to discuss the regulatory restrictions. According to Bloomberg, the officials were held because Binance was operating illegally in Nigeria. The detained officials may allegedly face charges related to currency manipulation, tax evasion, and illegal operations, although formal charges have not yet been filed.

Several reports indicate that the Nigerian government, alleging Binance's involvement in manipulating foreign exchange rates through currency speculation and rate fixing, intensified its scrutiny of the platform by requesting nearly $10 billion in compensation. However, both Nigeria and Binance have refuted these claims regarding the fine.

The ongoing legal dispute between the world's largest crypto platform and Africa's top crypto market is still unresolved. Recently, Nigeria's parliament exacerbated the situation by threatening to issue a warrant of arrest for the company’s executives. Furthermore, they summoned Binance CEO Richard Teng to provide explanations regarding investigations into alleged involvement in money laundering and terror financing, as reported by local sources.

By Tage Kene-Okafor, TechCrunch

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Video - Nigeria detains Binance executives

Education policy leads to increased girls enrollment, reduced child marriage in north-west Nigeria

Despite security challenges, the education sector plans in six north-west Nigerian states led to a significant increase in girls’ enrollment in secondary schools and a reduction in the percentage of girls married before the age of 18, a new report has shown.

The report said before the introduction of state education plans, the average girls’ secondary school enrollment declined and rates of early marriage increased.

The study – Gender Review and Advocacy For Gender Responsive Education Sector Planning (GRESP) – was authored by the development Research and Projects Centre (dRPC) with the support of the Malala Fund.

The report covers a gender review of 11 years (2011 to 2023) of State Education Sector Plans (SESPs) in Jigawa, Kaduna, Kano, Katsina, Sokoto, and Zamfara States.

SESPs is the only official education policy in Nigeria that mainstreams girls’ education goals within the education system and establishes performance indicators for government outcomes within the basic education system.

There was a five per cent increase in secondary school enrollment rates across the six states during the period of the education sector plans and the rate of child marriage fell by an average of 6.9 per cent across the states during the period of the plan, the report said.

It further pointed to an intersectionality between the two outcome indicators – enrollment and early marriage. Jigawa State, with the highest increase in enrollment for girls at the basic education level, was also the state with the second most significant reduction in the age of marriage.

Conversely, Kaduna State, which experienced the lowest change in enrollment rates for girls within the same period, also experienced the least change in the age of marriage for girls among the six states.

In terms of positive change in girls’ education outcomes, Jigawa State also takes the lead, followed by Kano, Zamfara, Sokoto, Katsina and Kaduna.
 

Methodology

The dRPC researchers aimed to generate empirical evidence to show how the components of education sector plans and operational plans deliver a gender-responsive education system that keeps girls in school and supports their learning outcomes.

Applying a mixed method research methodology, the gender review first conducted a trend analysis of two girls’ education outcomes to establish patterns in the period before sector plans were introduced in Nigeria and the period during education sector planning in Nigeria.

At the launch of the report last Tuesday, experts said the review is timely and significant, coming against the background of the exogenous shocks to the school system in Nigeria. The shocks include COVID-19 and its impacts and the incessant attacks on schools and abductions of schoolchildren in the region

The researchers also conducted a Focus Group Discussion with a total of 180 school-age children.
 

Factors threatening school enrollment

The insecurity in north-west Nigeria has led to the compulsory closure of many schools. This is a major factor that would likely stop students, especially girls, from achieving their education plans for the future, the report states.

“Compulsory school closures had a significant impact on students’ psychological, social, and mental well-being, causing a large number of students to forget nearly everything they had learned at school prior to the start of the lockdown and school closure,” it added.

The attacks on some schools may have also deterred some students from going to school. About 14 per cent of female and male participants from educational schools and 7 per cent of girls in all-girls schools mentioned that insecurity and school attacks were factors that could stop them from achieving their educational plans.

The researchers also found that while insecurity was a factor, poverty and lack of financial support are also a threat to future education while COVID-19 also played an impact.

When asked about the impact of COVID-19 on their education, 13 per cent of students from girls’ schools responded indicating a loss of interest in continuing education as a result of COVID-19.

No boys gave such a response, the report said.

Other factors mentioned by participants included drug abuse and peer pressure, bribery and corruption, fear of not succeeding in school, fear of not getting employment after graduation, and discouragement by the community members.

The report noted that gender responsiveness in education sector planning calls for flexibility to adjust to these unpredictable challenges emerging from the environment impacting negatively on the education of all children, especially girls.
 

Second stage of analysis

The second stage of the gender review sought to explore relationships between the trend in girls’ education outcomes established in the first step in the analysis and the structures and functions of bureaucracy prescribed by the Global Partnership for Education (GPE) model of gender-responsive education.

The GPE model of Gender Responsive Education Sector Strategic Planning (GRESP) argues that during the formation phase of planning, the application of three specific process factors can contribute towards positive girls’ education outcomes.

The factors include: gender equality and girls’ education policies and strategies integrated into education sector plans; Stakeholders, including CSOs and local communities as well as government departments that are consulted during the design; and the GRESP has adequate financial resources allocated to gender equality and girls education strategies.

Here, the analysis found clear and consistent correlations, thus confirming the prescriptive powers of the GPE model of gender-responsive education planning.

Findings show that Jigawa, Kano, and Katsina states budgeted for activities derived from State Education Sector Plans (SESP). While in Kaduna, Sokoto, and Zamfara states, there was less alignment between the activities of the state education sector plans and annual budgets.

In terms of SESP activities in the annual budget, Jigawa State emerged as the state that allocated the most funds to SESP activities. On the contrary, Zamfara, Katsina, and Sokoto performed poorly in terms of allocating funds for SESP activities.
 

Call for Action

The report noted that with new administrations at the federal and state levels, this is the time for a definitive understanding of what works for girls’ education and what has not worked for girls in the education system of states implementing education sector plans over the 11 years of 2011 to 2023 in Nigeria.

Experts said the findings of the report provide an opportunity to strengthen the gender transformative plans through the advocacy of civil society stakeholders. They said evidence-informed advocacy is critical in Nigeria in 2023 given the recent findings of the 2022 UNESCO Global Education Monitoring (GEM) report, which showed that the out-of-school population of Nigeria virtually doubled between 2016 and 2022 to 20 million.

Trailing behind India and Pakistan, Nigeria now stands as the third country with the largest out-of-school population. The majority of these children are recognised by the Nigerian government to be girls, many of whom are in the northwestern states with education plans.

In its 2018 data on out-of-school children, the Universal Basic Education Commission (UBEC) reported the estimated number in Nigeria as 10.1 million out of which there were approximately 3.2 million out-of-school children cumulatively in the six northwestern states covered in the dRPC report.

The 3.2 million is about 31.84 per cent of the total estimated number of out-of-school children in Nigeria. Out of this number, 1.9 million were boys and 1.2 million were girls.
 

Why the six north-west states?

In terms of criteria for selecting the states studied, the researchers said the review of the gender responsiveness of education sector plans of Jigawa, Kaduna, Kano, Katsina, Sokoto, and Zamfara was “strategic and important for generating evidence of what works for girls’ education.”

The six states are accessing the Global Partnership for Education (GPE) funding.

The GPE is an independently governed partnership that includes national governments, multilateral organisations, civil society, the private sector, and foundations.

Established in 2002 as the Education for All Fast Track Initiative, the GPE has evolved and now designs evidence-informed and gender-responsive education sector plans.

GPE contends that gender responsiveness in education sector plans offers the most comprehensive and systematic approach to delivering change in girls’ education.

For a country such as Nigeria, GPE serves as a mobilisation point for donor coordination of multiple development impact investors, including the World Bank and the United Nations International Children’s Emergency Fund (UNICEF) to fund the country-led basic education interventions very often with a specific focus on girls’ education.

Between 2012 and 2020 when Nigeria became a GPE partner, a total of $101 million has been awarded in grants to the West African country, of which $81 million has been disbursed as of January 2020.
 

States’ performance

In 2020, dRPC organised a gender workshop for the recipients of the grants to assess their education sector plans in terms of gender transformative, gender-responsive, integrated, or gender-blind characterisation.

The result shows that delegates from Kano and Jigawa states assessed their respective education sector plans as gender blind. Delegates from Sokoto and Katsina assessed their education sector plans as gender-responsive.

Meanwhile, delegates from Kaduna State assessed their plan as ranging between gender responsive and gender transformative. This was highlighted by the fact that the state has done much to mainstream gender into the education sector plan.

“We have rated Kaduna to be between transformative and responsive (high on the responsive and just going into the transformative scale),” the researchers said.

By Kabir Yusuf, Premium Times

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Video - Nigeria cracks down on electoral fraud with trials for 2023 polls



The government, with assistance from the Nigerian Bar Association, started trials against members of the country's election commission and other political figures indicted for various offenses during the 2023 general election.

CGTN

Related story: Nigerian military speaks on reports of alert over coup plot

 

Monday, March 4, 2024

Businesses in Nigeria turn to Moniepoint instead of traditional banks

Chidi Ebule keeps at least 10 payment machines on the check-out counter of his grocery store in Lagos, so his customers can use cards from any bank or fintech company they prefer. But in recent months, he has needed to use only one machine for most transactions: the one provided by local fintech major Moniepoint.

“I try to use another POS [point of sales] machine, [but customers] will say, ‘Please don’t put my card in that. Use Moniepoint,’” Ebule told Rest of World. “The customer knows there could be an issue when you use the other [terminals], and he does not have power over the bank.”

Moniepoint’s light-blue payment machines have become ubiquitous across Nigeria — from megastores in Lagos to roadside shops in Kano. Shoppers prefer it to other options because Moniepoint offers a lower-than-average transaction decline rate and instantly reverses transactions in case of failed payments. The Lagos-headquartered company, founded in 2015, has expanded its footprint across the length and breadth of Nigeria, and is now available across all 774 local governments in the country, according to its website.

“Merchants don’t care about lofty claims about financial inclusion. All they want is to see their transactions have gone through and get the instant payment alert,” Nchedolisa Akuma, senior fintech analyst at market intelligence firm Stears, told Rest of World. “Moniepoint appears to be quite intentional about market intelligence and gathering real-time market intel, which made them quite nimble.”

In 2023, Moniepoint reportedly recorded 5.2 billion transactions, worth over $150 billion. The same year, it ranked second in the Financial Times’ list of Africa’s fastest-growing companies. By January 2024, around 2.3 million businesses were using Moniepoint’s payment machines, a company representative told Rest of World. The bulk of Moniepoint’s earnings come from the transaction charges on its point-of-sales machines and its online payment gateway. It also has a microfinance bank license and offers business loans.

When it first launched, Moniepoint was named TeamApt, and built software for traditional banks. In 2019, it obtained a government license for agency banking — a model that allows companies to act as intermediaries between banks and their customers.

“We just felt that banks are not executing these things the right way, and can we get into this space and execute it right?” Tunde Olofin, managing director of Moniepoint’s banking arm, told Rest of World.

So far, Moniepoint has raised over $57 million from investors such as QED Investors, Quantum Capital Partners, and Global Ventures. The company’s growth is aided by its network of more than 600,000 on-the-ground “business managers,” who earn commissions for onboarding business owners to the platform and distributing the POS terminals, Olofin said.

In early 2023, when Nigeria experienced an acute cash crisis after the government changed the currency’s design, Moniepoint came to the rescue of many small businesses.

Oberry Agamah, who owns a phone accessories shop in Lagos, told Rest of World she started using Moniepoint’s payment machines during that time. The ones provided by other banks could not process transactions smoothly, she said, due to the pressure on the country’s banking infrastructure.

Before she began using the Moniepoint machines, Agamah’s business suffered: She struggled to process customers’ transactions, and had to deal with shoppers who bought goods and disappeared after making unsuccessful digital transfers.

“Before, receiving transfers in our normal accounts was hell — they wouldn’t go in time, and customers were going away with our money,” Agamah said. “The experience with Moniepoint is very nice, and it has made my business very easy in the aspect of receiving transfers, and I receive [them] very fast.”

Moniepoint’s systems are designed to expand based on the volume of transactions, Solomon Amadi, the company’s vice president of payment infrastructure, told Rest of World. “Many of the other players in the industry don’t have a lot of control over their core banking, [but] we do … and we have optimized that process well enough that the customer is priority,” he said.

In June 2023, Moniepoint’s closest rival in Nigeria was Chinese-owned fintech OPay — backed by SoftBank Vision Fund and Sequoia Capital China. OPay had a 37% share of the Nigerian point-of-sales agents network, according to the Nigerian Financial Services Report. Moniepoint came in second with a 20% share.

But Moniepoint is better placed than its rivals because of the bouquet of financial services it offers, Olaoluwa Oyedele, vice president of growth and product at Lagos-based fintech startup Earnipay, told Rest of World.

“Moniepoint has a couple of license categories that allow them to do different things,” Oyedele said. “They have a microfinance bank license which allows them to collect deposits, and a payment terminal service provider license which allows them to issue POS terminals. With these two license categories working hand-in-hand, they can target offline payment businesses or industries. That is where they have built a very impressive distribution network. The offline payment, for context, is the biggest payment opportunity in Nigeria.”

Moniepoint’s business managers — well-known members of local communities who serve as liaisons between the company and its users — are central to its growth, Edidiong Uwemakpan, vice president of communications, told Rest of World.

To build this network, “we studied a number of informal networks in the country … [including] the National Union of Road Transport Workers, churches, and people with branches everywhere,” Uwemakpan said. “How are these people able to collect money from everyone and balance their books? Because at the end of the day, what we were building were human branches across the country.”

The business managers don’t get a salary but receive a sign-up fee of 8,500 naira ($5.44), and monthly commissions on the transactions made through each POS terminal they manage.

“If you work hard and make enough people sign up for POS, you are in business, you are in money,” Fabusoye Tolu, a Moniepoint business manager, told Rest of World. “You earn commissions, and that is even far better than earning a salary because if you earn a salary, it will be capped at a particular figure. With commissions, your earnings do not have a limit.”

Tolu declined to disclose how much he earns from commissions, but said he often targets big businesses that generate high cash flow so that he can earn more at the end of the month.

By Ope Adetayo, rest of world

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Nollywood actor John Okafor has passed

Nigerians are mourning popular Nollywood actor John Okafor, better known as Mr Ibu, who has died at the age of 62.


"I announce with [a] deep sense of grief that Mr Ibu didn't make it," said Actors Guild of Nigeria President Emeka Rollas on Saturday.

He said the actor had a cardiac arrest.

Okafor rose to fame two decades ago in the film Mr Ibu - which became his career-long nickname.

It is still regarded as one of the best Nigerian performances in a comic role.

He went on to star in more than 200 Nollywood films - including Keziah, 9 Wives and several Mr Ibu sequels.

"Rest well, sir," said actress Mercy Johnson-Okojie in her tribute. Law professor and former UN rapporteur Joy Ezeilo said the actor was a "beloved" figure who "brought laughter to many".

Nigeria's Culture Minister Hannatu Musawa described him as a household name who had made families smile throughout his career.

According to local reports, Okafor died at an undisclosed hospital in Lagos state.

The actor's health issues first came to public attention last year. One of his legs was amputated in November after fans donated to a crowd-funding scheme for his medical bills.

Since then, his son Daniel Okafor and adopted daughter Jasmine Chioma have been arrested on suspicion of hacking into his phone and taking $60,700 (£47,800) for themselves.

The pair have not commented since their arrest in January and are expected to appear in court on 11 March for the next hearing.

Okafor's last years were "tumultuous", Nigeria's Punch newspaper said, with the actor claiming to have survived several attempts to poison him.

Local media say he is survived by his 13 children.

By Natasha Booty & Mansur Abubakar, BBC

Nigeria Tracks Down Bunker Vessel and Holds it on Oil Theft Charges

The Nigerian Navy reports it tracked and subsequently arrested a Panama-registered bunker vessel which it is accusing of oil theft. They tracked the vessel offshore before apprehending it with 13 crewmembers aboard and brought it back to Lagos over the weekend as part of a wider operation to crackdown on oil thieves.

The vessel the Sweet Miri (1,800 dwt) is reported to be owned by a Ghanaian according to the Nigerians but according to databases is managed out of the UAE. The vessel is 34 years old and operates in the Gulf of Guinea region.

Flag Officer Commanding the Western Naval Command, rear Admiral MB Hassan, told reporters on Saturday that the navy had been observing the bunker vessel and its activity for some time. He said the vessel had turned off its AIS signal on February 25 which raised suspicions. The Navy dispatched a gunboat to investigate and they had suspicion the vessel was smuggling oil.

The Navy dispatched a second vessel in the search for the Sweet Miri before they finally located the vessel approximately 174 nautical miles from Nigeria. It was traveling to Benin when it was apprehended. The command reported a search turned up nearly two million liters of oil and the vessel was ordered to return to Nigeria.

The vessel and its crew of 13 have now been placed under arrest while the commander said other departments of the government were also free to search the ship. The crew consists of one Ghanaian and 12 Nigerians.

The seizure was part of a wider crackdown across the region on alleged oil thefts. Over the past few months, there have been several reports of smaller vessels being held on allegations of oil theft.

The Nigerians in August 2022 chased a large tanker, the Heroic Idum, which they also charged with loading stolen crude. The vessel took refuge in Equatorial Guinea but was later handed back to Nigeria which used antipiracy laws to charge the crew. A settlement was finally reached in April 2023 when the vessel’s operators agreed to a public apology and a fine but it took till June 2023 for the crew to be released.

The Maritime Executive

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12 dead, 28 injured in Zaria-Kano expressway auto-crash

Kabir Nadabo, Federal Road Safety Corps (FRSC), Kaduna State sector commander, says no fewer than 12 persons died and 28 sustained injuries in a road crash along the Zaria-Kano expressway.

Mr Nadabo told the News Agency of Nigeria (NAN) on Monday in Kaduna that the fatal road traffic crash occurred at Tashar Yari village at 7:36 a.m. on Monday.

“The trailer with a registration number KTG 454 ZZ was travelling to Kano when the unfortunate incident occurred,” Mr Nadabo said.

He said the cause of the crash was wrongful overtaking, speeding and overloading, which sadly resulted in the high number of fatalities.

Mr Nadabo said the Chairman of Makarfi Local Government and the Unit Commander, Tashar Yari, were on the ground to assess the incident.

He said that an investigation of the incident has revealed that 40 people were involved in the crash, 28 got injured and 12 were deceased.

“The injured were conveyed to the Makarfi General Hospital for further treatment.

“The owner of the vehicle, who is in Azare, Bauchi State has been informed and directed to report to the Kaduna Sector Command, while the driver of the trailer was reportedly among the deceased, “he said.

Mr Nadabo said the accident was avoidable, adding, ” Hence our resolve to continue to reach out to the stakeholders, particularly transport unions.

”This is to preach and sensitize their drivers on the dangers of speeding, overloading, dangerous driving and the use of cellphones while driving, among others.

“The Corps in Kaduna will strive to continue to work hard and liaise with transport Stakeholders and the media in preaching the word of safety.”

Mr Nadabo appealed to motorists to imbibe the culture of safe driving, particularly on the highways.

Premium Times

Related story: At least 20 feared dead in Nigeria boat accident

Residents break into Abuja govt warehouse, steal food

Some residents of the Nigerian capital, Abuja, broke into a government warehouse in the city to loot food items.

The incident happened on Sunday morning, Daily Trust reports. It started around 7 a.m. and continued till about 9 a.m., residents told the newspaper.

Sunday’s incident happened amid the current economic crisis in the country which has seen the prices of goods and services increase by over 200 per cent without a corresponding increase in income.


The cost of living crisis was caused by the removal of subsidies on petrol and the floating of naira; policies justified by the government as necessary for the economy.

PREMIUM TIMES reported that the cost of living crisis has led to protests in several parts of Nigeria.

The warehouse looted by the Abuja residents on Sunday was also reportedly looted during the COVID-19 crisis in 2020.

The police, however, told Daily Trust that police officers had arrived at the scene and normalcy had been returned.

PREMIUM TIMES will provide more details of Sunday’s incident in subsequent reports.

By Popoola Ademola, Premium Times

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Video - Nigeria aims to return millions of children to school by 2027



Millions of Children across Nigeria have been forced out of school due to violence and insecurity, with some ending up homeless or being forced into child labor. The government there now wants to reverse the trend and return the children to school, a move that has been welcomed by activists.

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Video - Nigeria considers creation of state police departments



Nigeria is considering the creation of police departments for each state as part of measures to address security concerns in the country. The bill put forward by the ruling party is being debated in parliament.

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Nigeria Summons Binance CEO Over Alleged Terror Financing

Binance troubles in Nigeria take yet another turn. After authorities blocked the exchange’s website, shut down its P2P marketplace, and detained two of its executives, the government is now looking to summon Binance’s CEO, Richard Teng, over allegations of terror financing and money laundering.

Nigeria Issues Ultimatum to Binance

Local news outlet Punch reported that Nigeria’s House of Representatives Committee on Financial Crimes has issued a seven-day ultimatum to Binance’s CEO to appear before the committee on or before Monday, March 4.

The regulator’s summoning follows recent allegations of suspicious funds flowing through the exchange’s Nigerian arm in 2023. Central Bank of Nigeria Governor Olayemi Cardoso highlighted that $26 billion had passed through Nigeria via Binance in 2023 from unidentified sources and users.

Chairman of the Committee on Financial Crimes, Ginger Onwusibe, warned that the committee will invoke its constitutional powers if Binance’s CEO, Richard Teng, refuses to appear before the court. Despite repeated invitations, Teng has been unwilling to address the Nigerian government’s concerns regarding compliance with its business and financial laws.

Onwusibe emphasized the committee’s commitment to fighting financial crimes, citing the constitutional mandate to protect Nigerians and the country’s finances.

The allegations of terrorism financing, money laundering, and tax evasion, amongst others, leveled against Binance are damning enough. At this material time, we need all the tax dollars to block the leaks and channels to financing terror.” he added.

Onwusibe concluded by urging Binance to fulfill its obligations, including paying taxes and establishing a physical office for citizen complaints.

Why This Matters

Binance has been under intense scrutiny over the last year from regulators worldwide. Its regulatory woes in Nigeria could further complicate its operations and raise questions about its compliance.

By Insha Zia, DAILYCOIN

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Nigeria tightens security as food theft continues amid soaring inflation

Nigeria's National Emergency Management Agency (NEMA) announced Sunday (Mar. 3rd) it was increasing security at its facilities, Amid increased cases of attacks on warehouses.

The Director General of NEMA has instructed Zonal Directors and Heads of Operations to strengthen security in and around the Agency’s offices and warehouses nationwide “to forestall any breaches”.

Africa's largest economy is also the continent's most populous country.

Nigerians are living through one of the west African nation's worst economic crises in years with inflation rising to nearly 30% and the consequences of monetary policies that have pushed the Naira to an all-time low against the dollar.

One of the nation's most powerful trade unions launched protests last week demanding immediate measures to quell hunger.

In a letter to the president, it notably called for the “Opening of all food storage silos across the country,” to ensure equitable distribution.

The decision by the National Management Agency comes after residents broke into a facility in the capital Abuja to steal food items including bags of maize.

The incident reportedly went on for hours.

Africa News 

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Friday, March 1, 2024

Heineken sells stake in Nigeria's Champion Breweries

Heineken has agreed a deal to sell its interest in Champion Breweries, the Nigeria-based beer business.

The Dutch giant is to offload its majority interest in the Champion Lager owner to EnjoyCorp, a local holding that says it is “building a portfolio of food, beverage and hospitality brands”.

Heineken is selling The Raysun Nigeria Company Limited, which owned an 86.5% stake in publicly-listed Champion Breweries, a business centred around one brewery and based in Uyo.

The financial terms of the deal were not disclosed by Heineken, Champion Breweries nor EnjoyCorp.

A Heineken spokesperson said: “The decision will allow greater focus on our core business in Nigeria, while finding a local investor with the ability to allow Champion to continue its development in the best way to suit local market conditions.”

In 2023, Heineken saw its sales volumes in Nigeria decline at a rate “in the high teens”, the Amstel owner said last month when it reported its annual results.

The group, which owns a 56.7% stake in the also publicly-listed Nigerian Breweries, said the devaluation of the Nigerian naira had fuelled inflation and hit consumers’ spending power.

Heineken’s group beer volumes dropped 4.7% in 2023 and the Amstel owner said two markets “represented more than 60% of the decline” – Vietnam and Nigeria.

In December, Champion Breweries promoted general manager Dr Inalegwu Adoga – a former Coca-Cola HBC and Heineken executive – to the positions of MD and CEO.

The most recently published set of financial accounts for the brewer covers the nine months to the end of September last year.

Revenue during the period fell 6.7% at N8.36bn. Champion Breweries made a loss from operating activities over the nine months of N46.7m ($28,881) – versus a profit of N1.76bn a year earlier – due to the lower sales and higher selling, distribution and admin costs.

It ran up a nine-month net loss of N77.7m, against a profit of N1.26bn in the first nine months of 2022.

The Heineken spokesperson added: “Champion has strong brands and talented people and we believe that the transaction will help secure a sustainable future for the business.”

In a brief statement on the Nigerian Exchange, EnjoyCorp said it expects the deal to be closed in the second quarter.

“The proposed acquisition will mark EnjoyCorp’s strategic entry into the beverage category underpinning the company’s long-term commitment to the African consumer,” it said.

Global Data

Portuguese Peseiro quits as Nigeria coach

The 63-year-old Portuguese coach met the target of guiding the Super Eagles to the semifinal of the tournament set for him by the Nigeria Football Federation (NFF), but opted to move on.


Peseiro said it was a great privilege to work with Nigeria and he and his staff will miss both the officials and players they have worked with over the past two years.

"It has been 22 months of immense dedication, sacrifice, emotion, and enormous enthusiasm. We feel a sense of fulfillment," Peseiro posted on X, formerly Twitter, after his contract with the NFF ran out Thursday.

"Guys, we are thankful; it has been a privilege to be part of this family.

"We will miss you, but we will always be there for you, no matter where you are. A big hug to all of you."

Peseiro was appointed Nigeria coach in May 2022 amid concerns he would not make a success of the job going by his past record.

He helped the country qualify for the delayed 2023 Africa Cup of Nations, which was staged in Ivory Coast last month, when the Super Eagles went all the way to the championship game.

His critics knocked his defensive tactics even though the team reached the final against most expectations.

His extended contract covered only the Africa Cup of Nations after which officials said he was offered a new deal with the same monthly salary of $50,000, which he earned when he took a pay cut last year to keep his post.

Widely travelled Peseiro has said he has received several offers after Nigeria were beaten in the final by hosts Ivory Coast.

His departure will signal what could possibly be a long-drawn search for a replacement with growing calls for the often cash-strapped NFF to hire a local coach, who they can afford, in his place.

Peseiro, a former Real Madrid assistant coach, previously managed Saudi Arabia and Venezuela and clubs including Sporting Lisbon, FC Porto, Panathinaikos, Rapid Bucharest, Al-Hilal, Al-Wahda, Al-Ahly Cairo and Sharjah FC.

AFP 

Central Bank of Nigeria revokes licences of 4,173 exchange bureaus

Nigeria's central bank said on Friday it had revoked the licences of 4,173 exchange bureaus that failed to comply with its guidelines and directives, including rendering returns of transactions and payment of required renewal fees within the due period.

The central bank, which resumed dollar sales to exchange bureaus this week, outlawed street-trading of foreign exchange and raised minimum capital levels for exchange bureaus to at least 2 billion naira ($1.3 million) under new guidelines released on Feb. 23.

The moves are part of broader reforms to Nigeria's forex market which has been grappling with chronic foreign exchange shortages.

Central Bank of Nigeria (CBN) spokesperson Hakama Sidi Ali said the licences of the affected exchange bureaus were also revoked due to non-compliance with anti-money laundering and terrorism finance regulations.

"The CBN is revising the regulatory and supervisory guidelines for Bureau de Change operators. Compliance with the new requirements will be mandatory for all stakeholders in the sector when the revised guidelines become effective," Sidi Ali said in a central bank statement. 

By Elisha Bala-Gbogbo, Reuters

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Advocacy Groups Call for Halt to Shell's Planned Exit from Nigeria

Advocacy groups are calling on the Dutch oil giant Shell to halt its plans to divest assets from Nigeria's Niger Delta region unless proper cleanup and decommissioning of its infrastructure is complete.

This week, a Netherlands-based nonprofit released a report accusing Shell of trying to avoid responsibility for oil spills. The Center for Research on Multinational Corporations' report, entitled "Selling Out Nigeria — Shell's Irresponsible Divestment," said the Dutch oil giant's divestment in Nigeria must be suspended until clean-up and decommissioning of assets are complete.

The group accused Shell of trying to avoid responsibility for decades of oil spills in Nigeria's Niger Delta region that have polluted bodies of water and farmlands. It said Shell's assertion that it cleaned up polluted oil spill sites is flawed and cannot be trusted.

Faith Nwadishi, founder of Center for Transparency Advocacy, agrees with the report.

"The contract that they have signed that talks about the issue of remediation, protection of the environment and all of those things have not been done," said Nwadishi. "We should be looking at the contract and interpreting it accordingly — this is international best practice. This is what happens everywhere."

Shell operations grew controversial

Shell pioneered Nigeria's oil and gas explorations in 1937, but its operations have been subject to controversy and lawsuits from local communities.

Shell often blamed sabotage and vandalism by locals for busted pipelines, oil spills and environmental pollution.

In January, the company announced plans to sell its onshore operations to a local consortium of five companies for $2.4 billion.

Shell said the move would allow it to focus on more lucrative offshore businesses and that it was also proof that local companies are able to take on a larger share of Nigeria's oil and gas industry.

But Nwadishi said if the pollution issue is not addressed, Shell's exit could set a bad example for other multinationals operating in Nigeria.

"Once one person sets a precedent — especially the bad precedences — once they're set, you see other people following up," said Nwadishi. "When they do that, what it will mean is that they set a wrong template for other multinationals to do the same thing. And unfortunately, we have this judicial system that takes forever to take care of issues like that."

Law mandates funding for cleanup

Under Nigerian law, Shell is expected to provide funding for cleanup and decommissioning of its infrastructure before exiting.

But the report says the implementation of the law is flawed and said there is no sign that Shell is trying to comply with the law.

The company has not commented on the report but recently released a list of eight cleanup operations it plans to carry out in Nigeria this year, all for spills of less than 100 barrels of oil.

Emmanuel Afimia, founder of Enermics Consulting, said Nigerian authorities must take the Shell divestment plan seriously.

"Nigeria should implement the following measures: establish a robust regulatory framework that holds multinational corporations accountable for the environmental damage caused by their operations; ensure that affected communities are consulted and involved in the cleanup process and that their concerns and needs are addressed," said Afimia. "We need to monitor and evaluate the cleanup process regularly to ensure that it is being done properly and transparently."

VOA asked Nigeria's National Oil Spill Detection and Response Agency for comment on the Shell issue but has not received a response.

Before Shell can sell the assets in question, it must get approval from the Nigerian government. The government has not said whether it will authorize the sale.

By Timothy Obiezu, VOA

Related story: Activists urge Nigeria to delay Shell’s $2.4 billion sale of assets in deeply polluted Niger Delta

Video - Nigeria detains Binance executives



Two senior executives of Binance flew to Nigeria following the country's decision to ban several cryptocurrency trading websites. But they were detained by the office of the country's national security adviser and their passports were seized following their arrival in the country.

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Kano Conjoined Twins to Return to Nigeria After Successful Surgery in Saudi Arabia

In a landmark medical achievement, the Saudi Arabian medical and surgical team, has completed the separation surgery of Nigerian conjoined twins, Hassana and Husaina, at the King Abdullah Specialist Children’s Hospital in King Abdulaziz Medical City in Riyadh.


In a press statement by the Saudi Press Attache in Nigeria, Mohammed Alsahabi said the operation was sponsored by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al-Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince and Prime Minister.

“The Saudi Arabian Medical and Surgical team has completed the separation surgery of Nigerian conjoined twins, Hassana and Husaina, at the King Abdullah Specialist Children’s Hospital in King Abdulaziz Medical City in Riyadh.”

He said the procedure, which began on Thursday morning, marked the culmination of meticulous planning and execution by a dedicated team of medical professionals at Children’s Hospital in Saudi’s capital Riyadh.

Alsahabi further explained that the surgical intervention unfolded in nine planned stages, lasting approximately 14 hours.

“A team comprising 38 consultants, specialists, technicians, and nursing staff specializing in anesthesia, pediatric surgery, urology, orthopedics, plastic surgery, and pediatric neurosurgery collaborated seamlessly to ensure the success of this complex operation.”

“This surgical milestone marked the 60th operation undertaken by the Saudi program for separating Siamese twins, a program that has provided care for 135 conjoined twins from 25 countries over the past 34 years,” Alsahabi stated

“Before the commencement of the procedure, Dr. Abdullah Al Rabeeah, Advisor at the Royal Court, Supervisor General of the King Salman Humanitarian Aid and Relief Center (KSrelief), and head of the medical team, expressed confidence in the success of the procedure, noting a 70% success rate.”

Al Rabeeah commended the Saudi leadership for its unwavering support of the program.” The successful separation of Hassana and Husaina exemplifies the Kingdom’s commitment to advancing medical science and extending compassionate healthcare on a global scale.”

It could be recalled, that the Kano twins, who arrived in Riyadh on October 31, 2023, underwent comprehensive examinations that revealed shared areas in the lower abdomen, pelvis, lower spine, and lower spinal nerves.”

Arise News

Nigeria demands $10 billion from Binance in damages

The Nigerian government has reportedly demanded a minimum of $10 billion from Binance amid the country's crackdown on the crypto exchange and a devaluation of the country's local currency.

The news comes from Bayo Onanuga, special adviser on information and strategy to the country's president, Bola Tinubu, in an interview with the BBC. Onanuga claims Binance profited from "illegal transactions" at the country's expense.

Binance is already under investigation in Nigeria, per multiple reports. “I am confirming that the office of the national security adviser, as part of ongoing operations in the foreign exchange market with the CBN and other law enforcement and security agencies, is coordinating an interagency investigation into the operations of Binance,” Zakari Mijinyawa, head of Strategic Communication at the Office of the National Security Adviser, reportedly told Premium Times.

Binance executives were also reportedly detained by Nigeria earlier this week.

The exchange reportedly removed Nigeria's currency, the naira, from its peer-to-peer service.

The Block reached out to Binance and will update this report.

By Adam James, The Block

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MTN Nigeria posts ₦137 billion loss amidst naira devaluation

MTN Nigeria faced a challenging year in 2023, as the telecoms giant reported a loss after tax of ₦137.0 billion, a huge contrast to the ₦348.7 billion profits recorded in 2022.

The net foreign exchange loss for 2023 compared to 2022 was N740.434 billion, showing a YoY increase of +804.93%, as opposed to N81.822 billion in the previous year. However, revenue grew by 22.7% from N2.01trn to N2.47trn.

This is contained in the company's audited financial results for the year ended 31 December 2023.

According to Karl Toriola, MTN Nigeria CEO the telecom giant witnessed a very challenging operating environment characterised by rising inflation, currency devaluation and foreign exchange shortages, complicated by geopolitical disruptions and cash shortages in Q1.

The financial statement revealed that MTN's services revenue grew by 22.4%, driven primarily by data revenue growth of 39.8%. Voice revenue was up by 9.7%.

The company sustained robust commercial momentum in its connectivity business and platforms, fueled by the expansion of its user base, reaching over 4 million subscribers in 2023 and elevating the total base to 79.7 million. Data subscribers for the company increased by over 5 million to 44.6 million, which helped to drive total data traffic growth of 44.9%.

Dividend payment:

On 27 July 2023, the company's Board of Directors approved interim dividends of N117.48 billion for the year ended 31 December 2023 (Interim 2022: N113.99 billion). The interim dividend were paid out of interim profit made during the same period and represents N5.60 kobo per ordinary share on the issued share capital of 21 billion ordinary shares of 2 kobo each for the period ended 30 June 2023.

Given the significant currency devaluation and its impact on the retained earnings, the Directors will not be recommending a final dividend payment, in view of the resulting loss for the year ended 31 December 2023.

Fintech revenue

This increased by 2.4%, led by Xtratime (our airtime lending product), which rose by 2%. However, despite the challenges from the NIN requirement for KYC introduced in Q4 by the CBN, we added 3.3 million active wallets in the year to 5.3 million. This helped to drive MoMo PSB revenue, which rose by 8.1%.

Active mobile money (MoMo PSB) wallets increased by 163% to 5.3 million, powered by 326,000 MoMo agents, and 324,000 merchants in its ecosystem.

Outlook

MTN says it expects 2024 to be a challenging year due to the rising inflation and devaluation of the naira. In January 2024, the inflation rate reached 29.9%, while the exchange rate has further devalued to N1582/$ as of 26 February 2024. "This is anticipated to put additional pressure on consumers, the cost of doing business and further potential forex losses," it said.

By Adekunle Agbetiloye, Business Insider Africa

Related story: Video - MTN CEO resigns due to $5.2 billion fine imposed by Nigeria

Video - Why Are Multinationals Like P&G, GSK and Sanofi Leaving Nigeria?



Nigeria's currency crisis has triggered an exodus of businesses from the country. At least four multinationals, including GSK, Bayer and Sanofi, have announced they're ending production, as a scarcity of dollars, a naira in freefall and rampant inflation slashes profits. Bloomberg's Jennifer Zabasajja reports.

Bloomberg 

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Thursday, February 29, 2024

Nigerian designer seeks to challenge norms with gender-fluid fashion

A Nigerian designer is making waves in fashion with a gender-fluid clothing line, which he says is intended to challenge the notion that non-binary dressing is a Western concept and to defy societal norms in a country where LGBT rights are restricted.

Adeju Thompson, founder of the Lagos Space Programme brand, designs clothing that transcends traditional gender boundaries, drawing inspiration from his African heritage and personal experiences.

One of Thompson's collections was partly informed by Gelede masquerades, a Yoruba custom where men don traditional female attire in an homage to matriarchy. Thompson hopes incorporating such elements into his work can help highlight gender fluidity in Nigeria's history.

His brand has found success abroad, with pieces stocked in stores across North America, Europe and Asia.
"In Nigeria being queer isn't something that is accepted," Thompson said in an interview. "I am just expressing myself as a designer, and through my work highlight that these ideas aren't Western constructs."

Thompson joins a growing number of Nigerian designers who are seeking to create new spaces for non-binary self-expression.

Thompson said he hopes his designs will spark an "alternate African narrative" that celebrates diversity and challenges traditional views on gender and identity.

(This story has been corrected to remove the reference to Thompson's work struggling in Nigeria in paragraph 4, and to clarify context in paragraphs 3 and 6) 

By Sanni Kazeem and Vining Ogu, Reuters 

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Video - Bakers in Nigeria threaten shutdown amidst rising production costs



Master bakers across the country contemplate shutting down operations due to escalating prices and excessive taxes. They want the government to bring down the cost of bread production and reduce import duties on baking materials and equipment.

CGTN

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