MoMo goes continental, enables Inbound/Outbound transactions in Africa
MoMo Payment Service Bank (MoMo PSB) and Saana Capital LLC (“Brij”), a Central Bank of Nigeria (CBN) licensed International Money Transfer Operator (IMTO), are pleased to announce their strategic partnership to facilitate seamless inbound and outbound transfers across Africa, as…
20 customers win in Access Bank Diamond Extra Season 15 in Enugu
Leading continental financial giant, Access bank plc has rewarded loyal customers under it’s Season 15 Diamond Extra with many customers smiling home with great awards. The event which held at the Access bank Ogui Road branch drew a lot of…
Minister of Information calls for media partnership for societal progress
The Minister of Information, Alhaji Mohammed Idris Malagi has called on Media practitioners to collaborate with his Ministry and the government for the betterment of society. Malagi made the call while receiving Executive Committee (Exco) members of the Guild of …
Just in: EFCC alerts Nigerians on trending 4G to 5G update scam by cyber criminals
The Economic and Financial Crimes Commission (EFCC), following multiple complaints received from the public has warned Nigerians not fall for scammers’ on the trending pattern of duping people of their hard earned money. In a terse statement, EFCC said “This…
e-Fraud: Banks loss N9.7bn in 7 months vindicates NDPC statistics
The recent revelation by the Nigeria Inter-Bank Settlement System (NIBSS) that banks in the country had lost N9.7 billion to e-fraud in first seven months of 2023 has further vindicated the position of the National Data Protection Commission (NDPC) during…
Just in: CBN’s Price Verification System portal goes live August 31st
Following the successful conduct of the pilot run and various trainings held with all the banks, the Central Bank of Nigeria (CBN) hereby announces the GoLive of the Price Verification System (PVS). Consequently, with effect from August 31, 2023, all…
NNPCL’s Afrexim deal an upfront cash loan on crude oil proceeds, but…
The recent announcement by the Nigerian National Petroleum Company Limited (NNPCL) that it had secured a USD3.00 billion emergency crude repayment loan from the African Export-Import (AFREXIM) bank has continued to elicit reactions. According to the NNPCL, this loan agreement…
Global stocks drop on China jitters as BOE hike further on hot wage data
By Edward Moya US stocks remained heavy after a robust retail sales report sent yields higher and raised the odds that the Fed might not be done raising rates. A healthy consumer was supposed to drive soft landing calls,…
Foreign currency transfer designed to ease cross-border businesses—Ecobank
Major Pan African financial group, Ecobank has reiterated that the introduction of Foreign Currency transfer on Ecobank Mobile and Omnilite app is to promote and facilitate ease of cross-border business and financial transactions, stressing that it would be of immense…
Corruption Concerns Drive 650% Increase for Regtech AI checks in banks
A new study from Juniper Research, the foremost experts in fintech, has found that the total number of KYC checks for banking, conducted using AI, will reach almost 175 million globally by 2028; up from just over 23 million in…