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Stanbic IBTC Bank, a member of the Standard Bank Group, launches an integrated marketing campaign on its Unstructured Supplementary Service Data (USSD) application, with the dedicated code, *909#. The *909# USSD string affords customers the opportunity to access wallet and banking services such as (inter and intra bank transfers, airtime purchase, check balance, account opening and loans) while offering purchase ... Read More »

  Many developing countries, cash has been the most prevalent mode of payment in Nigeria until 2012 when the Central Bank of Nigeria (CBN) introduced the cashless policy with the aim of promoting the use of electronic payment channels instead of cash. Since then, banking services in Nigeria have shifted from physical and tangible distribution to technology-enabled, such as internet, ... Read More »

Polaris Bank has unveiled its new Polaris Mobile Banking App and is offering customers, a 50% discount on all transfer fees for 30 days after registration on the app. The Bank disclosed that the new Polaris Mobile Banking App “is now available to users on both Google Play for Android devices and the Apple App Store for iOS devices”. To ... Read More »

H1 2019: Fidelity Bank Posts Double Digit Growth In Earnings, Profitability, Deposits & Loans …Profits Soars By 16% To Hit N15.1bn …Gross Earnings Soars To N103.7bn Despite the country’s challenging and fiercely competitive business environment, Fidelity Bank Plc delivered a solid financial performance in the first half of 2019, recording double-digit growth in key revenue lines whilst achieving significant traction ... Read More »

  The Chief Executive Officer, First Bank of Nigeria Limited (FirstBank), Dr. Adesola Adeduntan has been adjudged the ‘Best Chief Executive Officer’ of the year at the Digital Innovation and Excellence awards, held recently in Accra, Ghana. The awards, which climaxed the Digital Banking Summit was aimed at rewarding individuals and groups whose contribution and efforts have spurred growth in ... Read More »

…Access Bank unveils scheme for smartphone purchase ACCESS Bank Plc and Bloom Initiative for Empowering Youth (BloomFEY) have partnered to hold the the Bloom Week where children from secondary schools are selected to learn leadership skills, financial literacy and entrepreneurship. The Bloom 2019 graduation programme was concluded on August 30, with students drawn from different secondary schools across the country ... Read More »

Wema Bank Plc, the pioneer of Nigerias first fully digital bank ALAT, has empowered over 100 women in the Micro, Small and Medium Enterprises (MSME) sub-sector. The business advisory seminar, tagged Running A Profitable Business brought women entrepreneurs together from the bank’s Lagos Region. Speaking at the event, Mrs Aramide Awosanya, Regional Manager, Lagos Mainland, Wema Bank, said the initiative ... Read More »

  ​ The need​ for West African countries to come together to ​ showcase the rich agricultural heritage of their sub-continent ​ and contribute to ​ its Gross Domestic Product (GDP) are the focus of the West African Agribusiness Show scheduled for Nigeria in 2020, Mr. Idowu Asenuga, an agric expert and top agric equipment consultant in Nigeria has posited. ... Read More »

Nigeria’s biggest telecoms firm MTN has launched a mobile money transfer service, targeting those without bank accounts, and said on Thursday it plans to become a payment services bank once it obtains approval from the central bank. .com/proxy/ A woman walks past an advertising posters for MTN telecommunication company along a street in Lagos The success in east Africa of ... Read More »

In its quest to deepen financial inclusion, FirstBank is channelling its resources to reach those at the bottom of the pyramid through its agency banking. The tie-one bank has over 31,000 agents spread across Nigeria with 9,000 assigned to provide financial services to the highly excluded Northern region. According to Adesola Adeduntan, the MD/CEO, First Bank of Nigeria Limited, the ... Read More »