Terra Launches Pulse to Improve Quality of Remittance Reporting

Posted on by Staff Writer | 10142 Views | 10 min read

Terra, a mobile-first international payment network, incubated by Mahindra Comviva, announced the launch of Terra Pulse to help financial authorities and regulators accurately measure mobile-powered international remittances. Terra provides the rails for international transfers by interconnecting digital wallet service providers, foreign exchange houses and remittance companies. As a regulated entity, Terra maintains an audit trail

12 Facts and Figures About E-commerce in Nigeria in 2015

Posted on by Staff Writer | 7586 Views | 3 min read

Jumia has just released a new Infographic with the objective of shining a light on the key facts and figures of the year that has passed as well as the promise of 2016. In 12 points, it goes back on its most memorable sales of the year, the records it broke, its engagement towards its customers

Jumia Nigeria Announces Juliet Anammah as New CEO

Posted on by Staff Writer | 10292 Views | 7 min read

Jumia Nigeria, Africa Internet Group’s (AIG) biggest company on the continent. Juliet is taking over from former Co-CEOs Jeremy Doutte and Nicolas Martin, who are taking the reins of Jumia Global across the 11 African countries in which the group operates. “Juliet brings strong leadership capacity and a consumer driven mindset honed from her experience

GTBank Introduces Innovative Payment Solution

Posted on by Staff Writer | 9164 Views | 8 min read

Foremost African financial institution, Guaranty Trust Bank plc has reaffirmed its position as a leading provider of e-payment solutions with the introduction of a new service that allows customers receive Western Union funds directly into their GTBank account via any of the Bank’s Automated Teller Machines (“ATMs”) in Nigeria. The service is also available on

Ecobank Transnational Incorporated Announces Leadership Change in Largest Subsidiary

Posted on by Staff Writer | 8434 Views | 7 min read

Ecobank Transnational Incorporated (ETI) announced a leadership change in its largest subsidiary, Ecobank Nigeria Limited. By the Bank’s internal policy, Mr. Jibril Aku, the current Managing Director of the subsidiary, having concluded his five-year tenure as managing director, will step down from his current role at the end of this year. Mr Aku will take

UBA Introduces Card Payments with Contactless Cards

Posted on by Staff Writer | 7108 Views | 11 min read

United Bank for Africa (UBA) is changing the payments landscape in Nigeria with the introduction of contactless payment cards. The contactless payment cards offer UBA customers an easier and more convenient hassle-free way to pay for goods and services. It is the latest innovation from the digital banking division of pan-African financial services UBA, which has built

Ecobank Nigeria LTD Selects Deutsche Bank’s Export Credit Guarantee Program for Trade Financing

Posted on by Staff Writer | 6531 Views | 7 min read

Deutsche Bank and Ecobank Nigeria LTD announced the signing of a Memorandum of Understanding (‘MOU’) to expand their trade finance relationship. Under the terms of this MOU, Deutsche Bank will provide export credit guarantee program GSM-102 to Ecobank Nigeria. The Bank’s offering of a GSM-102 program will guarantee credit to encourage financing of commercial exports

UBA’s Oduoza Wins CEO of the Year Award at Investment Summit in New York

Posted on by Staff Writer | 10400 Views | 11 min read

Group Managing Director and CEO, UBA Plc, Mr. Phillips Oduoza has emerged the 2015 Ai Socially Responsible Investment (SRI) 30 CEO of the year at this year’s 8th annual Ai CEO Investment Summit. This is the second time he is winning the award after winning it first in 2013. He was named the winner from