One of Africa’s largest banking groups, Access Bank Plc, has announced its audited result for the financial year ended December, 2013. An analysis of the results released on the floor of the Nigerian Stock Exchange today validated the Bank’s capacity for sustainable growth. The results showed an increase in the Bank’s deposit base from N1.201
Unified Payment Services Limited, the leading Payments Industry Service Provider announces the introduction of a new service platform, Payarena. Payarena offers customers access to Value Added Services which include purchase of Airtime (Virtual Top Up, Prepaid PINs, Blackberry subscriptions, Data bundle plans etc.) for all Telcos in Nigeria; payment of bills to major service providers
MTN Group and Bharti Airtel has announced a cross-border remittance partnership that seeks to remove the hassles of transferring money between Ivory Coast and Burkina Faso for the operators’ Mobile Money customers on either side of the border. The landmark partnership will enable Mobile Money customers of MTN Ivory Coast and Airtel in Burkina Faso
Nigeria has become the largest economy in Africa and 26th largest in the world following the rebasing of its Gross Domestic Product from 1990 to 2010 constant prices. Following the recalculation, the Statistician General of the Federation announced on Friday, April 4 that the country’s GDP emerged at $590.9 billion in 2013 up from $285.56
Freshfons Nigeria and Aten have announced the launch of ATM remote management technology in Nigeria, an all-in-one hardware-based control unit that provides KVM over IP, remote power, aerial console management and virtual media functionality. Aten KN1000 KVM Over the NET offers remote ATM management and support by enabling administrators to access, monitor and repair ATMs
Transferbee, a company that enables Nigerians living in UK to send money to their family and friends in Nigeria has announced that there will be no transfer charge until May 1st. The company is normally charging only 4.5 pounds for the transaction. “After our initial launch we continued to build the product and offered the
Interswitch, recently finalised a deal with Western Union to introduce an account-based money transfer service into the Nigerian market. This deal allows customers to receive money transfers from Western Union directly into their bank accounts. The service eliminates the need to visit a physical bank branch and there is no additional charge to the receiver
As part of efforts to promote inclusive banking and the cashless policy, Access Bank Plc has opened a self-service electronic branch in Ikota, Lagos State. The bank said the self-service banking service is its innovative response to smart-banking revolution craved by customers. The banking channel is expected to bridge the service gap and improve overall
Guaranty Trust Bank plc has announced its audited financial results for the year ended December 31, 2013 to the Nigerian and London Stock Exchanges. A review of the results shows a strong and positive performance across all financial indices and also affirms the Bank’s position as one of the most profitable financial services provider in
The Central Bank of Nigeria (CBN) is developing an electronic referencing system designed to quicken the process of opening bank accounts in Nigeria. The current laborious process of opening bank accounts in Nigeria, the apex bank said, is one of the reasons why only few Nigerians have accounts. “Besides the high illiteracy level and low
