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,
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
