The Big 5 Daily: $8.1bn Fine: MTN Nigeria in Talks with CBN, FG Officials, Seven African Start-ups Among Fastest Growing Fintech Startups in the World and More

mtn nigeria

Hey Africa!

We begin with the latest development regarding the fine against MTN Nigeria.

MTN Nigeria is currently in talks with officials Central Bank of Nigeria (CBN) to find a “mutually acceptable solution” to a dispute over the alleged transfer of 8.1 billion dollars. The telecom company made this known in a statement, maintaining that further announcement on the issue would be made soon.


CB Insights has released its second annual Fintech 250 – a list of the most promising private companies applying a mix of software and technology to transform the financial services industry. The fintech companies were selected by an Intelligence Unit from a pool of nearly 4,000 applicants and nominees based on several factors.


Furthermore, GreenTec Capital has invested an undisclosed amount in PEBL, Namibian based custom computer maker. PEBL is a start-up that builds customised computers with the highest quality hardware and software components.


More opportunity for African developers as Google partners with Pluralsight and Andela to support 10,000 aspiring and professional developers in Africa with a 4-month access to Android and Mobile web courses. The 4-month web course is open to successful graduates of the Google Africa Scholarship Challenge, Developer student clubs, GDGs and other aspiring and professional developers across Africa.


On the foreign scene, TechCrunch has reported that Yahoo has agreed to pay $50 million to victims of a security breach, which affected more than three billion email accounts worldwide. The company planned to pay this as compensation to 200 million users in Israel and the US.


And that is all for the day, till tomorrow!

 

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