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Lagos, September 16, 2019 – Ecobank Nigeria says over 100,000 merchants have been onboarded on the EcobankPay platform with transaction value reaching N2billion. EcobankPay offers customers a multi-channel payment experience that includes Mobile QR Payment at merchant stores (mCash, Masterpass and mVisa), ​ Merchant QR is set up via Facebook Messenger as well as USSD​ payment for low-income phone users. ... Read More »

    LR-Patrik Mgbenwelu, Non-executive Director, FBNQuest Trustees; Adekunle Awojobi, MD, FBNQuest Trustees; Dr. Oba Otudeko, Group Chairman, FBN Holdings Plc., Dr. Omobola Johnson, Senior Partner, TLcom Capital LLP; Kayode Akinkugbe, MD/CEO, FBNQuest Merchant Bank and Taiwo Okeowo, DMD, FBNQuest Merchant Bank at the 40th Anniversary event of FBNQuest Trustees which took place in Lagos recently. FBNQuest Trustees Limited, an ... Read More »

Fidelity Bank Plc, top Nigerian lender has handed over a well-equipped, state-of-the-art Kitchen/Catering Laboratory for the use of students at the Girls Correctional Home, Idi-Araba, Lagos. The project, according to the bank, is a clear demonstration of its unwavering support towards enhancing the lives and wellbeing of less privileged members of the society. Speaking at the commissioning ceremony in Lagos ... Read More »

Tony Elumelu, Founder of Tony Elumelu Foundation and ICRC President, Peter Maurer Calls for a new Private Sector Led approach to humanitarian development in Africa Collaboration between humanitarian and the private sector is critical for impact-driven intervention At the just concluded Forum organised by the International Committee of the Red Cross (ICRC), key speakers Tony O. Elumelu, Founder of the Tony ... Read More »

Stanbic IBTC Bank, a member of the Standard Bank Group, launches an integrated marketing campaign on its Unstructured Supplementary Service Data (USSD) application, with the dedicated code, *909#. The *909# USSD string affords customers the opportunity to access wallet and banking services such as (inter and intra bank transfers, airtime purchase, check balance, account opening and loans) while offering purchase ... Read More »

  Many developing countries, cash has been the most prevalent mode of payment in Nigeria until 2012 when the Central Bank of Nigeria (CBN) introduced the cashless policy with the aim of promoting the use of electronic payment channels instead of cash. Since then, banking services in Nigeria have shifted from physical and tangible distribution to technology-enabled, such as internet, ... Read More »

Polaris Bank has unveiled its new Polaris Mobile Banking App and is offering customers, a 50% discount on all transfer fees for 30 days after registration on the app. The Bank disclosed that the new Polaris Mobile Banking App “is now available to users on both Google Play for Android devices and the Apple App Store for iOS devices”. To ... Read More »

H1 2019: Fidelity Bank Posts Double Digit Growth In Earnings, Profitability, Deposits & Loans …Profits Soars By 16% To Hit N15.1bn …Gross Earnings Soars To N103.7bn Despite the country’s challenging and fiercely competitive business environment, Fidelity Bank Plc delivered a solid financial performance in the first half of 2019, recording double-digit growth in key revenue lines whilst achieving significant traction ... Read More »

  The Chief Executive Officer, First Bank of Nigeria Limited (FirstBank), Dr. Adesola Adeduntan has been adjudged the ‘Best Chief Executive Officer’ of the year at the Digital Innovation and Excellence awards, held recently in Accra, Ghana. The awards, which climaxed the Digital Banking Summit was aimed at rewarding individuals and groups whose contribution and efforts have spurred growth in ... Read More »

…Access Bank unveils scheme for smartphone purchase ACCESS Bank Plc and Bloom Initiative for Empowering Youth (BloomFEY) have partnered to hold the the Bloom Week where children from secondary schools are selected to learn leadership skills, financial literacy and entrepreneurship. The Bloom 2019 graduation programme was concluded on August 30, with students drawn from different secondary schools across the country ... Read More »