In line with his vision of entrenching a more professional and people-focused central bank, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has approved the redeployment of Deputy Governors in the Bank. With the new changes, Alhaji Suleiman Barau, Deputy Governor, Corporate Services Directorate is now the Deputy Governor, Operations Directorate.
IFC, a member of the World Bank Group, has announced it signed an advisory services agreement with Firstmonie, a subsidiary of First Bank Nigeria Limited, to advance mobile financial services and agent banking in order to strengthen the supply of affordable financial services to low-income individuals and small-scale entrepreneurs in Nigeria. IFC will provide Firstmonie
Vodafone has announced a partnership with eTranzact Ghana to allow the network’s subscribers to make voice and data payments electronically via eTranzact’s e-payment platform. Subscribers can pay for postpaid and broadband subscriptions at branches of banks nationwide, online and via mobile – all in real-time. “We provide the technology platform in partnership with Vodafone to
United Bank of Africa (UBA) Plc is set to build a new generation of loyal customers with its new suit of products tailored to meet the unique needs of teenagers and young adults. The product “Next-Gen” account, which was launched at Intercontinental Hotel on Monday, is basically a suit of personal current accounts designed to
The new Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has formally assumed office at the Headquarters of the Bank in Abuja, making him the 10th indigenous Governor in the history of the apex bank. Mr. Emerfele, who was cleared by the Senate on Wednesday, March 26, 2014 arrived at the CBN
Casino Guichard-Perrachon SA (CO) has announced it is partnering with Bollore SA to extend its Cdiscount e-commerce platform to Africa starting with Ivory Coast this summer. “The partnership draws on the expertise of the leaders of e-commerce in France and the skills of the logistics leader in Africa,” they said in a statement. In e-commerce,
Tigo has signed a US$2 million agreement with the International Finance Corporation (IFC) and the MasterCard Foundation as part of efforts to expand mobile financial services in Ghana. The partners said the agreement will focus on customer education and acquisition, with the IFC to provide advisory services on business development, customer profiling and agent network
Nigeria’s Guaranty Trust Bank (GTBank) has launched SME MarketHub, an e-commerce portal for small and medium enterprises (SMEs) in Nigeria, which seeks to enable entrepreneurs to bring their businesses online and take advantage of the vast sales opportunities within the space. The bank said the portal allows it to contribute to the growth and development
Stanbic Bank Ghana has introduced the Stanbic MoneyWallet Multi-Currency Card, the first of its kind in Ghana. The new MasterCard-branded card offers a safer and more convenient alternative to foreign currency notes and allows both customers and non-customers of the Stanbic Bank to load and have access to up to four foreign currencies on a
A petition has been launched on Change.org asking PayPal to bring its online payment service to Nigeria by Lagos-based design company CreativityKills. The petition, which at the time of going to press had 88 supporters, said, though being citizens of the country with the largest economy in Africa, Nigerians that want to take part in
