FirstBank Hits N1 Trillion in Transactions Processed through its Firstmonie Network; Spearheads the Financial Inclusion Drive

Posted on by Staff Writer | 3224 Views | 6 min read

Nigeria’s premier financial services provider and Bank of first choice, First Bank of Nigeria Limited has announced that its Firstmonie network has processed a cumulative transaction value of N1 trillion from its relaunch in January 2018. The network also achieved nationwide coverage in record time, enabling access to financial services for many locations that never

SWIFT’s 2019 African Regional Conference in Ghana with President Nana Akufo-Addo Delivering Keynote

Posted on by Staff Writer | 3416 Views | 12 min read

SWIFT will hold the 26th edition of the African Regional Conference (ARC) on 18-20 June 2019 in Accra, Ghana. The President of the Republic of Ghana, His Excellency Nana Akufo-Addo, will open the event. ARC is an annual event which brings together more than 500 senior financial professionals from across the continent to discuss the

GCB Bank Records GH¢323 Million Profit

Posted on by Staff Writer | 3331 Views | 2 min read

GCB Bank Limited posted a significantly improved bottom line with net profit of GH¢323.13 million for the year ended 2018. This translates into growth of GH¢110.42 million over the GH¢212.72 million recorded in the 2017 financial year. Top line growth was appreciable despite instability in the banking industry with 2018 recording GH¢1,260 million as total

Shoprite Nigeria Lauded for Promoting Cashless Transactions

Posted on by Staff Writer | 3531 Views | 3 min read

In a first for the retailer, Shoprite Nigeria was among the winners at this year’s Electronic Payment Incentive Scheme (EPIS) Efficiency Awards. The retailer won in the category Merchants (Point of Sale) for recording the highest volume of cashless transactions in 2018. The EPIS Efficiency Awards celebrate, among others, financial institutions and merchants driving electronic

SWIFT to Host African Regional Conference in Accra, Ghana on 18-20 June 2019

Posted on by Staff Writer | 3435 Views | 8 min read

Annual conference supported by the Bank of Ghana to gather more than 500 financial services professionals from across Africa. SWIFT will hold the 26th edition of the African Regional Conference (ARC) on 18-20 June 2019 in Accra, Ghana. Supported by the Bank of Ghana, ARC 2019 will bring together more than 500 leading financial services

Vista Bank Selects Temenos to Power its Digital Transformation and Growth across Africa

Posted on by Staff Writer | 13816 Views | 18 min read

Vista Bank chooses cloud-native, cloud-agnostic Temenos Infinity and Temenos T24 Transact to provide innovative, customer-centered banking services. Vista Group, a challenger bank building itself into a world class pan-African financial institution specifically designed to meet the needs of retail and commercial customers, has partnered with Temenos, the banking software company, to power its digital transformation

Standard Chartered Maintains its Momentum as it Introduces More Digitally-Led Retail Banks in Africa

Posted on by Staff Writer | 11495 Views | 10 min read

The Bank has launched its digital services in Tanzania and Ghana following successful roll-outs in Côte d’Ivoire and Uganda. Standard Chartered has announced it has completed a simultaneous multi-market launch of its digitally-led retail banks in Tanzania and Ghana, with Kenya’s roll out scheduled to occur shortly. This follows the launches of the Bank’s digital offering

FCMB Female Staff Launches Zero-Interest Loan for SMEs

Posted on by Staff Writer | 3334 Views | 20 min read

Women entrepreneurs in Nigeria who desire affordable and convenient funding to boost their respective businesses, can now do so. This is because Women in Business at First City Monument Bank Limited (FCMB) are set to launch a proposition that offers zero-interest rate on loans to small and medium scale enterprises (SMEs). The development is in

GTBank Reaffirms Commitment to Digital Banking

Posted on by Staff Writer | 3378 Views | 9 min read

The Group Chief Executive Officer of the Guaranty Trust Bank (GTBank) Plc, Mr. Segun Agbaje has said the bank is committed to building a strong robust banking platform to drive financial services and accommodate the effects of disruptive technology in Nigeria. Agbaje said this at the 2019 edition of the Social Media Week in Lagos

Access, Diamond Bank Says Not Worried About Telco Led Financial Inclusion

Posted on by Staff Writer | 10927 Views | 33 min read

Kenya’s Safaricom, the telecommunication company that is driving the country’s financial inclusion through mobile money is bigger than most of the country’s banks. Investigation by Businessday revealed that some Nigerian banks worry that Africa’s largest economy may take after Kenya if Telcos are given the same opportunity but Access and Diamond bank, due to be