Risks associated with the management of cash transaction are declining, thanks to the introduction of online banking system in the economy. This was said in Dar es Salaam on Tuesday by the NBC Bank, Head of Alternative Channels, Mr Raymond Mutagahywa, at the launch of the online banking services to users of smartphones and tablets.
With Nigeria having recently eclipsed South Africa as the continent’s biggest economy, it is worth taking a look the nation’s progress from the perspective of a service which is indispensable to the modern way of life – electronic payments. And electronic payments, in turn, depend on suitable telecommunications and banking infrastructure. The pace of change
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
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