Computer Warehouse Group Plc (CWG), the leading Pan-African ICT Company has been issued the license to perform the activities of Payment Terminal Service Provider (PTSP) to Point-of-Sale terminals (PoS) in Nigeria by the Central Bank of Nigeria (CBN). This followed a visit by a delegation of the Apex bank to CWG late last year to
The Central Bank of Nigeria (CBN) has ramped up its anti-electronic-fraud campaign with the implementation of a two-factor authentication requirement for deposit money banks. The initiative has been implemented in an effort to reduce the level of electronic fraud, a major component of which has been traced to increased insider abuse. The apex bank, in
SecureID Limited, an industry leader in smart card supply and personalization business, announces the launch of its new and first polycarbonate plant in Africa called SecureCard Manufacturing. This ultra modern plant focuses on the polycarbonate card body production and high security designs which confirms a successful fulfillment of another milestone in the backward integration of
Access Bank Plc has secured approval of the Securities and Exchange Commission (SEC) to proceed with plans to raise N52.6 billion in a share sale as it pursues expansion and a stronger cash reserve. Access Bank Plc, with operations in eight other countries, will be selling shares to existing shareholders by way of Rights Issue
United Bank for Africa (UBA) Plc has again proven its leadership position in e-Banking with the introduction of mobile Point of Sale (mPOS) terminals. UBA has gone live with this initiative in partnership mPOS partners across Africa. A mobile POS terminal is about the size of Blackberry Curve phone, but works just like the traditional
The Commercial Court of Abidjan ruled that Dr Daniel Matjila a director of Ecobank Transnational Corporation (ETI) and Chief Executive Officer of Public Investment Corporation of South Africa (PIC)), along with PIC and ETI are jointly liable for defamation against Mr Thierry Tanoh, a former Group CEO of ETI. The court ordered that the three
Guaranty Trust Bank Plc, has been awarded ‘Best Corporate Governance, Africa’, for the Financial services category by the Ethical Boardroom Magazine UK. The ‘Corporate Governance Award’ organized by Ethical Boardroom magazine recognizes outstanding companies who have exhibited exceptional leadership in the area of governance and professional ethics to ensure protection and long-term value for all
goSwiff, a global mobile commerce and marketing services provider, announced that their mPOS platform has been certified for the Nigerian market, to support Nigerian government’s “Cashless Nigeria” initiative. The Central Bank of Nigeria aims to reduce the amount of physical cash circulating in the economy, and encourage more electronic-based transactions. goSwiff mPOS will enable merchants
Vodafone announced Nigeria’s commercial bank United Bank for Africa (UBA) has become the first multinational Nigerian company to join its Global Enterprise which is simplifying the management of global communications for the world’s largest multinational companies. Vodafone in a statement revealed there are presently more than 1,700 enterprises on the Vodafone Global Enterprise which it
SimplePay users can now send money instantly to any PocketMoni account by logging into their SimplePay account. This is as a result of the company’s partnership with mobile banking and payments services eTranzact. In a statement, SimplePay said it has simplified the lives of thousands of connected Nigerians by eliminating physical cash from financial transactions.
