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Kayi KMC Launches Micro Finance Headquarters in Kano, Aims for Global Reach

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Emir of Bichi,Kano and Saadina Dantata during the launch

Kano, Nigeria – The launch of the Kayi KMC Micro Finance application in Kano has marked a significant milestone in the financial technology sector. The innovative technology, designed to safeguard people’s deposits, is gaining momentum both locally and globally.

Speaking at the launch event, Saadina Dantata, the driving force behind Kayi KMC Micro Finance, emphasized the application’s core mission of protecting individuals’ savings. The wallet boasts robust security features, functioning as a second layer of protection. It seamlessly integrates with financial institutions worldwide, ensuring users’ financial security.

Dantata highlighted the versatility of the application, enabling users to purchase items such as recharge cards, data plans, and pay electricity bills. Additionally, it provides a platform for trading in various financial assets, including silver and commodities. Notably, Kayi KMC has acquired a significant stake, owning 50 percent of the company.

The impact of the Kayi KMC Micro Finance application extends far beyond Nigeria, with users worldwide numbering a staggering 33 million and counting. The global community’s interest reflects the growing demand for secure and efficient financial technology solutions.

Emir of Bichi, Nasiru Ado Bayero, spoke at the launch, expressing his belief that Kayi KMC would contribute to reducing crime rates. He recognized the necessity of such financial innovations, particularly in the context of current economic challenges.

Meanwhile, Emir of Kano, Aminu Ado Bayero, acknowledged the application’s potential to counteract financial decline and highlighted the remarkable successes achieved by the global economy. He emphasized the urgency of introducing such innovations in Kano and its surrounding regions, underscoring the significance of Kayi KMC’s efforts.

Abdulganiyu Rufai Yakubu, the product lead for Kayi KMC, shared insights into the application’s capabilities. He stated that Kayi KMC transcends conventional internet services, offering a broader spectrum of services, including insurance and healthcare. Furthermore, the application’s adaptability enables its operation in remote and underserved communities. The company’s ambitious goal is to extend its reach across the entire African continent, starting from Kano and expanding to four Northern states. Their vision includes making financial inclusion accessible to all Nigerians.

The launch of Kayi KMC Micro Finance has set a course for financial empowerment, security, and accessibility, not only for Kano but also for the broader Nigerian and African population.

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A New Era in Financial Innovation Begins”
KMC-KAYI Bank stands as a trailblazing financial institution headquartered in Kano, Nigeria,
with a resolute mission to reshape the financial landscape through innovative and secure digital
banking solutions. This visionary digital bank is deeply committed to augmenting financial
accessibility, fortifying security, and embracing a customer-centric ethos.
During his inaugural address, the Managing Director of KMC-KAYI Bank articulated that the
bank signifies more than just a financial entity; it embodies a catalyst for change, a gateway to
empowerment, and an emblem of security, agility, and customer contentment.
Addressing the unique features of KMC-KAYI Bank, Abdulganiyu Rufai, the Product Lead,
expounded, “At KMC-KAYI Bank, we harness the formidable potentials of web3 technologies to
fashion a seamlessly secure financial ecosystem. Our integration with top-tier cybersecurity
solutions guarantees the safeguarding of financial transactions against potential threats.”
“In the contemporary world, characterized by relentless swiftness, speed is of paramount
importance. Our cutting-edge ML server architecture empowers us to facilitate lightning-fast
transactions, enabling you to send and receive money with unmatched speed and unwavering
reliability,” emphasized Dr. Rufai.
Furthermore, Alhaji Saadina Dantata, Chairman of KMC-KAYI Bank, elaborated, “KMC-KAYI
Bank is poised to redefine modern banking by offering a comprehensive array of services.
Ranging from stock investments and insurance to loan facilities and a savings structure with an
exceptional return on investment, we cater to all your financial requisites under one roof.”
Dantata further expounded, “Our journey commences with inclusivity, targeting the unbanked
and underbanked segments of society, thereby ensuring access to financial services that were
hitherto out of reach. We also extend our services to the diaspora community, proffering cuttingedge cross-border payment solutions and supplying contemporary banking solutions for urban
professionals.”
The official opening of KMC-KAYI Bank was graced by the presence of esteemed dignitaries,
including His Royal Highness, The Emir of Kano, Alhaji Aminu Bayero, OFR, SP, who delivered
a heartfelt address said that He wished KMC KAYI well and assurred them of his full support
and that of the Emirate .
His Royal Highness also said “I am very optimists it will contribute immensely to the economic
and social well being of our people” before officially inaugurating KMC-KAYI Bank.
Also in attendance was His Royal Highness Mai Martaba Sarkin Bichi, Alhaji Nasiru Ado Bayero,
and he showed his excitement about the KMC-KAYI Bank , he explained that this platform will
help the people in terms of running their business, receiving payments and also an avenue for
creating job opportunities to the Kano population.
Kano State Elder Statesman and legendary Businessman, Maigirma Alhaji Aminu Alhassan
Dantata who was represented by Alhaji Tajudeen Dantata mentioned that “This a great.development for the people of kano and Nigeria at large, he called on his fellow business ment o accept KMC KAYI”

Recall that last week in Abuja, the Minister of Communications, Innovation and Digital Economy,
Dr. Bosun Tijani unveiled the Kayi App, promoted by KMC-KAYI Bank, which envisions a future where finance is not just accessible but also transformational.
The Kayi App is committed to enhancing financial inclusion through a customer-centric approach. Local agents are onboarding customers, promoting transactions, and boosting financial literacy. Next up: the launch of our efficient web app, followed by the mobile app release for an enhanced customer experience.

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Special Report:Fuel Hike and the Weight of Distant Wars

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By Yusuf Danjuma Yunusa

The faint hum of generators, once the relentless backdrop of life in the heart of its place, a heavier quiet has settled—born of grim resignation as the ripple effects of a distant geopolitical storm crash onto the wallets of ordinary Nigerians.

Here in Mararaba, the complaint is not just about the new numbers on the fuel pump. It is about the arithmetic of survival that no longer adds up. The latest hike in the price of Premium Motor Spirit (PMS), which dealers attribute to the escalating crisis in the Middle East—a conflict many here note involves the United States, Israel, and Iran—has plunged residents into familiar but increasingly unbearable hardship.

To understand the human weight of this policy, I took to the streets and queues of Mararaba, annex to the Federal Capital Territory, to speak with those who feel they are paying the price for a war thousands of miles away.

At a crowded NNPC filling station in Nyanya, where the queue of vehicles stretched nearly a kilometer under the harsh sun, I met Nasir, a commercial bus driver. He leaned against his battered Korope bus, wiping sweat from his brow, watching the attendant update the price board.

“Look at this,” Nasir said, his voice a mix of anger and exhaustion. “Just last week, I was managing. Now they tell us because there is war between Israel and Iran, and because America supports Israel, the price must go up again. What does that have to do with us in Abuja?”

Nasir’s math is simple but devastating. “I used to buy fuel here for around N700. Now we are pushing N1,000 and above, and they say it might go to N1,500 if the crisis continues. My transport fare? If I double it, my passengers—civil servants, traders, students—cannot pay. If I don’t, I go home with nothing. The politicians in America and Israel are fighting a war with our stomachs.”

His lament echoes the reality of transport inflation, which has spiked dramatically since the removal of subsidies, now worsened by global tensions.

Across town on Abacha Road, at a modern but nearly empty restaurant, I found Yakubu, a small business owner who runs a catering service. For him, the fuel hike is a “tax” on everything he buys.

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“It is a chain. I cook with gas, but the price of gas goes up because the dollar is high and the market fears the war. I transport food to clients, but fuel for my van is now this much,” he said, snapping his fingers. “The government tells us it is ‘market forces’ and the war in the Middle East. I am not a fool. I know the Middle East is unstable because of the US and its allies. But why is Nigeria’s economy tied so tightly to their conflicts? Why are we still importing fuel when we have refineries? We are suffering for their wars and our leaders’ incompetence.”

At Mararaba market, the complaints are less about geopolitics and more about the immediate struggle to fill a pot. Anwar, a tailor, sat idle at his sewing machine. The shop beside him, a provisions store, was dark.

“My neighbor cannot afford to run his generator today,” Anwar said, gesturing to the dark shop. “He sells cold drinks and water. If he has no light, he has no business. If he uses a generator, his profit is gone because diesel is over N1,000 in some places. This is the reality. America, Israel, and Iran are fighting, and my neighbor loses his livelihood.”

The sentiment is backed by data. According to a recent NOIPolls report, 85% of Nigerians disapprove of the fuel subsidy removal, and 93% believe the country is heading in the wrong direction. For people like Anwar, the official explanations ring hollow.

“They say it is deregulation, that it is global politics,” he continued, shaking his head. “I say it is abandonment. We are being buried alive by policies made in Washington and Tel Aviv, carried out by Abuja.”

The geopolitical angle is a particularly bitter pill to swallow. In a country already grappling with high living costs, the idea that a conflict far removed from Africa’s Sahel could dictate the price of commuting to work or powering a small clinic breeds deep resentment.

Ibrahim, a retiree and civil servant, sat on his veranda in Angwa Katsinawa listening to the rare silence where generators once roared.

“Since 2023, when President Tinubu said ‘subsidy is gone,’ we have been on a rollercoaster to poverty. Now this war gives them the perfect excuse to finish us off. The government says the NNPC made this decision based on ‘market realities.’ What reality? The reality that America supports Israel, and Iran threatens retaliation? Why must my pension suffer for that?”

His frustration touches on a key point raised by experts: the escalating conflict threatens to push the subsidy burden—or the cost passed to consumers—past a staggering N644 billion monthly if oil prices spike.

As the sun set over Mararaba, taxis and buses were fewer on the roads. Many drivers, like Sadiq, a university graduate who drives for a ride-hailing app, simply parked for the day.

“I cannot make money if I spend all day in a fuel queue or if 70% of what I earn goes into the tank,” Sadiq said, scrolling through his phone, which showed a fraction of his usual earnings. “They talk about the crisis in the Middle East. But we have a crisis here. It is a crisis of hunger. Until the US, Israel, and Iran stop fighting, we suffer. Until our government decides to fix our refineries, we suffer. We are just pawns.”

As I left him, Sadiq called out, “Tell them we are tired. We are tired of paying for wars we did not start.”

It is a sentiment that hangs heavy in Nigeria’s air—a feeling of being trapped between the anvil of global politics and the hammer of local economic policy.

 

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CNG Expansion: Tinubu Orders 100,000 Kits to Ease Fuel Pain

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By Yusuf Danjuma Yunusa

President Bola Tinubu has ordered the urgent deployment of 100,000 Compressed Natural Gas (CNG) conversion kits within the next two to three weeks, aiming to mitigate the burden of soaring petrol and diesel prices on the Nigerian public.

Ismaeel Ahmed, the Executive Chairman of the Presidential Initiative on Compressed Natural Gas (Pi-CNG), disclosed this to State House correspondents on Tuesday following a briefing with the President in Abuja.

According to Ahmed, the directive was prompted by escalating global petroleum prices linked to the ongoing conflict in the Middle East, which has led to a sharp increase in domestic transportation costs.

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“The President is keenly monitoring global developments, particularly the situation in the Middle East and its direct impact on the rising cost of petrol and diesel here at home,” Ahmed stated. “He summoned this meeting to assess our progress at Pi-CNG and determine how we can rapidly scale up the availability of gas across the country to ensure Nigerians benefit from lower transportation costs.”

Ahmed revealed that Tinubu issued a firm mandate to accelerate the distribution of conversion kits, facilitating a widespread shift from traditional fuels to natural gas.

“Mr. President has given a clear directive for the immediate deployment of approximately 100,000 kits,” Ahmed said. “We are collaborating with a broad coalition of stakeholders to incentivize this process and push these kits into the market without delay. The goal is to convert a significant number of vehicles and tricycles, enabling more citizens to access and utilize gas.”

The Pi-CNG boss confirmed that the rollout is scheduled to begin within the next two to three weeks. He added that conversion centres across the country are expected to become highly active as the programme gains momentum.

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Just In:Governor Yusuf  Sacks Head of Service 

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Governor of Kano State, Alhaji Abba Kabir Yusuf, has relieved the State Head of Service, Alhaji Abdullahi Musa, of his appointment with immediate effect.

This was contained in a statement issued by the governor’s spokesperson, Sunusi Bature Dawakin Tofa, on Tuesday evening.

The decision is part of the ongoing efforts by the present administration to reposition the state civil service for greater efficiency, discipline, and improved service delivery across all government institutions.

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Governor Yusuf expressed appreciation to the outgoing Head of Service for his contributions and dedication to the service of Kano State during his tenure.

“We wish him the best in his future endeavours and pray for his continued success in all aspects of life.”

The Governor also directed that Hajiya Bilkisu Shehu Maimota, the Permanent Secretary, Admin and General Services at the Cabinet Office, to serve in acting capacity pending the appointment of a substantive Head of Service.

By this announcement, the outgoing Head of Service is directed to handover the affairs of the office to the Ag. Head of Service latest tomorrow, Wednesday 11th March, 2026

 

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