Cards, PoS are good, but not nearly as embedded finance
OPE ADEOYE
6 hrs
Cash as a mode of payment is inefficient. Most people like it because it is what is available and quite frankly, even the card industry has limitations, and especially in developing economies like Nigeria. How many times did you complete a purchase, hand over your card for payment and it returns that dreaded response; ‘Declined’? […]
African implication of US Federal Financial Data Privacy Bill
Michael IreneJuly 4, 2022
On the 23rd day of June 2022, a US representative in the House Financial Services Committee released a discussion of a financial data privacy bill. If this bill is passed, it will ensure that consumers have total control over how their personal information is used, and empowers them to terminate collection of data, or request […]
Rethinking Nigeria’s mortgage model to tackle a housing crisis
OLUFEMI ADEDAMOLA OYEDELEJuly 4, 2022
A mortgage is an agreement (contract) between a mortgagor (borrower) and a mortgagee (lender) that gives the lender the right to take the property of the borrower (mortgaged property) if he or she fails to repay the money he or she has borrowed plus interest. Mortgage loan is used to buy or build a house. […]
African airports and aviation headwinds during recovery
Ekelem AirhihenJuly 4, 2022
BY EKELEM AIRHIHEN The aviation industry, no doubt, remains on track to recovering from the effect of the pandemic. The Airports Council International in its statement of June, 2022, expects the global passenger traffic to improve significantly in 2022. It is expected to reach 77 percent of what it was in 2019. Traffic for […]
CBN’s Open Banking regime: The outlook for FINTECH
Chuma AkanaJuly 4, 2022
BY CHUMA AKANA Open banking is simply defined as a system where data is shared among banks, investment companies, fintechs, or other third-party apps, through the use of application programme interface (APIs). It is widely accepted that traditional banking models can be harnessed to provide more tailored services and options to the customers, and […]
Understanding threat factors in information governance
Michael IreneJune 20, 2022
MICHAEL IRENE, PhD There is no doubt that in the modern information-flow era, where information informs a lot of what we do, and how we make concrete decisions, there must be threat factors that come with their own business implications. However, a lot of stakeholders in small, medium and large enterprises yet fail to consider […]
Personalisation not at expense of data privacy
Hyther NizamJune 20, 2022
BY HYTHER NIZAM Personalisation is becoming more critical for fulfilling customer expectations. But a changing consumer mindset about privacy makes the necessary data acquisition a difficult and expensive process. It has been proven that personalisation increases sales, customer loyalty, and client lifetime value. Amazon’s quarterly sales increased by 29 percent after implementing targeted recommendations, and […]
The Nigerian economy at its lowest ebb ever?
Marcel OkekeJune 20, 2022
MARCEL OKEKE The title of this piece retooled from something similar in one of Nigeria’s national newspapers the other day, and it deepened my worry and worsened the pains and anguish that I have been going through in my periodic panoramic analyses of the nation’s economy. The alarm—‘Nigeria’s economy hits lowest ebb ever’—was raised by […]
A consuming nation or a productive economy (2)
Sunny NwachukwuJune 20, 2022
SUNNY CHUBA NWACHUKWU Nigeria, rated the largest economy in Africa, needs to maintain the status if it aspires to be a global champion within Africa. It will have to do this by applying innovative strategies economically, which have to be pursued by applying all efforts and economic tools in developing the energy sector under the […]
The significance of customer experience in aviation recovery
Ekelem AirhihenJune 20, 2022
The Economist reports that passengers queued for hours at airports in Europe from Mallorca to Manchester as flights were delayed or cancelled. Also, in America, nearly 3000 flights were scrapped in the four days around the Memorial Day weekend in late May. This large number of unsatisfied customers, the paper suggests, are a sign that […]