Business Hilights

Tracking Nigeria's Headline Business News Online



MTN Group deepens financial inclusion

Driven to secure financial inclusion across its markets, MTN Group continues to grow the number of MTN Mobile Money (MoMo) users on its network, a trend that has accelerated during the COVID-19 pandemic. By the end of September 2020, nearly…

FinTechNGR boss, Access Bank’s Bajomo sees post COVID 19 banking sector stronger

Access Bank’s Executive Director of Technology and Operations, Mr Ade Bajomo, has been appointed the new President of the FinTech Association of Nigeria (FintechNGR). This was first announced during FinTechNGR’s virtual Annual General Meeting held recently. Prior to his appointment…

FinTech disrupting conventional banking models—CBN

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has warned operators in the nation’s banking system that Financial Technology (Fintech) in the industry has come to stay He said the rapid growth in FinTech is not only…

Banks’ frustrating inflow to Africa with throat-cutting charges—W’Bank

The World Bank’s Remittance Prices Worldwide (RPW) database report has revealed that commercial banks remained the most frustrating and draining link in the Africa Diaspora remittance process. The report said even though reducing remittance costs to three per cent by…

Banking revolution: Are banks’ really coming up with innovations to match Fintechs?

By Bismark Elorm Addo Financial Technology, Fintech for short, is the application of technology and digitization in financial services delivery. Fintech is rapidly changing the face of banking across the world – reducing time taken to access financial services, making…

Paylater logo

Paylater Mobile App hits 1m downloads in aiding Nigerian consumers with credit access

Just as Nigeria population is nearing 200 million people, 61% of the adult population is either unbanked or underbanked. But Fintech companies like Paylater represent a tremendous opportunity to get formal banking services in the hands of Nigerian consumers to…

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How mobile money interoperability, GIP in Ghana push up financial inclusion

Barely three months after the launch of Mobile Money Interoperability (MMI) in Ghana, there has been surge in financial inclusion across all strata of the Ghanaian economy and society. This is further pushed up by the GhIPSS Instant Pay (GIP)…

Okere A ALA

Blockchain, Fintech fast becoming future of banking, says Austin Okere

Pioneer Information Technology (IT) entrepreneur, founder CWG Plc and most recently, Ausso Leadership Academy (ALA), Mr. Austin Okere was the keynote speaker at 2018 Bankers Nite held weekend in Lagos. Hereunder is his thought-provoking presentation; Excerpts:     Even though…

NIS Muhammed Babandede

Wrong systems integration, cause of NIS biometric visa-on-arrival crisis—Expert

As the recent payment crisis that rocked the Online Integrated Services (OIS) of the Nigerian Immigration Service (NIS) has continued to elicit reactions, a leading payment systems integration professional, Mr. Chuks Etebo has linked the development to wrong systems integration….


Channel VAS raises security of intellectual property against illegal access

Leading global fintech and data analytics company, Channel VAS Group, has stepped up access security for its exclusive Patents and Intellectual Property rights on its airtime credit and data credit products and services. The company services are live through mobile…