At the Annual General Meeting (“AGM”) of Ecobank Transnational Incorporated, held at the Group headquarters in Lomé, all the ordinary resolutions were duly passed. This included the appointment of Mr. Emmanuel Ikazoboh as the Group’s new Chairman. An accountant by training, Mr. Emmanuel Ikazoboh has over 35 years’ experience of international business management and corporate
United Bank for Africa (UBA) Plc last week announced the introduction of a new product “U-Advance Card,” a payment card that allows workers who operate a salary account with UBA to get a credit advance ahead of pay-day. “The U-Advance Card is an internationally accepted card payment solution designed to address the salary account holders’
Nigerian payments company eTranzact has expressed its openness to deeper collaborations with local developers to produce better integrated payment systems that will operate at the standard of global payment systems such as PayPal. “Collaboration is key to the growth and development of better integrated payment systems for Nigeria,” the company said in a statement. “We
Jumia Nigeria is set to launch its cash on delivery service, which accounts for two-thirds of the companies total sales, nationwide this month, according to co-chief executive officer (CEO) Nicola Martin. “We will offer cash on delivery nationwide this month – between the middle and end of July we will offer cash on delivery everywhere
United Bank for Africa (UBA) has become the first Nigerian bank to offer transaction notifications on Twitter for its customers. UBA said the solution is based on a secure custom application it had built and enables its customers to receive bank transaction alerts directly on Twitter. “Dear Customer, we are happy to inform you that
Leading global microinsurance specialist MicroEnsure announces that it now serves more than 10 million enrolled clients. In the past six months, the company has more than doubled the number of clients reached through key partnerships with mobile network operators, microfinance providers and banks in Africa and Asia. Critical to the growth has been its partnerships
Guaranty Trust Bank plc has launched “The SME MarketHub”; Nigeria’s 1st e-commerce portal for Small and Medium Scale Enterprises (SMEs). The e-commerce and business directory portal is part of GTBank’s strategy to empower and support Nigerian SMEs and also contribute to the growth and development of the Nigerian economy. The portal is designed to enable
Having successfully completed phase 1 and 2 of the cash-less policy in six pilot states and the Federal Capital Territory, the Management of the Central Bank of Nigeria has announced that phase 3 of the policy’s implementation will commence as scheduled on July 1 2014, in the remaining 30 states. As was the case in
The Central Bank of Nigeria (CBN) has announced that last year alone banks in Nigeria lost about US$246 million to cybercrime. Taiwo Longe, the CBN’s chief information security officer, said this while speaking at the National Cyber Security Forum (NCSF 2014) organised by the Office of the National Security Adviser (ONSA) in Lagos. Longe said
Nigerian online merchants have welcomed the launch of PayPal in the West African country, saying it will lead to a growth in internet transactions, though warning it needs to integrate with local platforms. HumanIPO reported earlier this week PayPal had become available in ten new markets, including Nigeria, Cameroon, Ivory Coast and Zimbabwe. Adeoye Ojo,
