Guaranty Trust Bank plc (GTBank) has now concluded the acquisition of a 70% stake in Fina Bank Group, after securing the required regulatory approvals in the 3 East African countries – Kenya, Rwanda, Uganda as well as in Nigeria. GTBank acquired a 70% stake in Fina Bank Group through a combination of capital injection as
E-commerce platform Jumia Nigeria has announced Nicolas Martin and Jérémy Doutté as chief executive officers (CEOs), replacing former managing directors Tunde Kehinde and Raphael Afaedor who have decided to leave to start their own business. “To prepare for his new tasks, Nicolas Martin joined Jumia Nigeria a few months ago. Prior to this, he worked
Computer Warehouse Group (CWG) understands the need to have a robust platform that will support the Mobile financial services initiative and is proud to present their M- Commerce platform in conjunction with MTN Nigeria called MTN XaaS platform. In a bid to make financial services accessible to all Nigerians in a cost effective manner and
Kenya, South Africa and Nigeria, and the African continent as a whole, lead the world in the uptake of mobile banking, according to a new report by mobile trade association MEF. The first report in MEF’s Global Consumer Insights Series on Mobile Money said 82 per cent of consumers in Africa engaged in mobile banking,
The state of Akwa Ibom in southern Nigeria has introduced online payment for all legal fees, becoming the first Nigerian state to introduce e-payments in its judiciary arm. The state has also acquired an e-Judiciary enterprise resources planner (ERP), an electronic application that handles court processes. According to the chief judge of the state Justice
Verve International, Africa’s leading indigenous payment card brand, has announced a competition in partnership with Nokia and Microsoft aimed at supporting Nigeria’s indigenous application development community by providing payments in mobile apps. The theme of the competition is “Build with Verve: Lumia Edition”, with Verve saying the partnership is aligned with its drive towards effective
According to a report in the Nigerian Tribune The Central Bank of Nigeria has improved the Nigerian payment system with the introduction of a new Real time Gross Settlement System (RTGS) and integrated with a Scripless Securities Settlement System ( SSSS). The new systems were produced by CMA, a Swedish company which has implemented similar
The Managing Director/CEO of Guaranty Trust Bank plc, Segun Agbaje has been announced as the 2013 Pan Africa- CEO of the Year award winner by EMEA Finance, United Kingdom. Hosted by EMEA Finance; the leading bimonthly global industry publication that reports on major financial events influenced by the international financial industry active in Europe, Middle
Guaranty Trust Bank plc has announced the upgrade of its internet banking platform for all customers. The upgrade incorporates a new look and additional technical functionalities. The upgraded Internet Banking platform provides customers with a more user friendly way to carry out their online transactions and manage their services. It also offers customers an account
Towards achieving a more inclusive financial services industry, Guaranty Trust Bank plc has launched its “GTExpress” service; a comprehensive agent banking service that allows customers access financial services at convenient locations. The GTExpress service is banking via agent locations such as Supermarkets, Schools, Cinemas, Markets and Restaurants. It is an initiative to reach out to
