UBA’s LEO launches in Cameroon, Zambia, CDI, Senegal, Congo
Adesola Afolabi
June 11, 2018
United Bank for Africa (UBA) Plc’s flagship Chat Banking personality, Leo, is set to further facilitate Africa’s banking services by changing the face of e-banking across Key African markets following its launch in Cameroon, Zambia, Cote D’Ivoire, Senegal, and Congo. Already Leo which has been very active in Africa’s biggest market, Nigeria, has brought ease […]
Stanbic IBTC Bank introduces bundled-benefits product for SMEs
Businessam StaffMay 14, 2018
Stanbic IBTC Bank, a member of Stanbic IBTC Holdings PLC, has introduced a new banking product that will help small and medium scale enterprises save on cost and optimize their business margins/revenues. The product, Biz-Smart Account, enables enterprises open and operate the account without paying maintenance fees and other related charges. Biz-Smart Account is a […]
Microfinance bank to disburse N300m new credit as it embarks on expansion drive
Ajose SehindemiApril 15, 2018
BaoBab Microfinance Bank has unveiled an expansion strategy and plans to disburse N300 million new credit to traders and small businesses. Olanrewaju Kazeem, its chief executive officer, said the new credit lines are aside the N32bn loans it had successfully disbursed through over 112,000 deals. Kazeem disclosed this at the weekend while opening a new […]
First Bank partners Nigeria govt on security against incessant armed robbery attack
Businessam StaffApril 9, 2018
First Bank Holdings has expressed its readiness to collaborate with the government in providing security in Offa Local Government Area of Kwara to curb incessant armed robbery. This is coming after the recent robbery attack in branches of the Union Bank, ECOBANK, Guarantee Trust Bank, First Bank, Zenith Bank and Ibolo Micro Finance Bank in […]
CIBN subsidiaries post profit to help see revenues rise 41% in 2017
Ajose SehindemiApril 7, 2018
The Chartered Institute of Bankers of Nigeria (CIBN) grew its internally generated revenue from N646.24 million in 2016 to N910.75 million in 2017, representing a growth of 40.93 percent, in spite of the challenging economic environment In the country,, according to the institute’s outgoing president, Segun Ajibola. He said the year closed with a Net […]
Access Bank leverages phone numbers to pioneer payment solution
Businessam StaffApril 3, 2018
Access Bank Nigeria has partnered Pay Attitude and Unified Payments to leverage the ubiquity of customers phone numbers and handheld devices to provide a novel payment solution called “PayAttitude Digital’’. PayAttitude Digital is a smart and convenient mobile app that would enable Access Bank account holders to use their phone numbers for transactions at ATMs,Web […]
Ecobank mobile app users hit 4m across Africa
Businessam StaffApril 3, 2018
The upgraded version of Ecobank’s mobile app has attracted 3 million new customers in just 6 months, taking the total number of users to 4 million. “The app builds on the core functionality that saw the original version applauded as a game changer for African banking by using digital technology to combat many of the […]
Nigeria’s mortgage refinancing coy announces retirement of pioneer CEO
Businessam StaffMarch 26, 2018
The Nigeria Mortgage Refinance Company (NMRC) has announced the retirement of Charles Inyangete, a professor and its pioneer managing director/chief executive officer, after three and a half years of meritorious service on attaining the statutory retirement age of 60. Inyangete joined the company in November 2014, following the incorporation of NMRC as a key component […]
Heritage Bank extends campaign for agri-business, commerce to Lagos-Kano summit
Businessam StaffMarch 5, 2018
Heritage Bank Plc has taken its campaign for concerted efforts for the growth of agribusiness and commerce in Nigeria to another level as it wants the bilateral agreement signed by Lagos and Kano States to provide for a Commodity Exchange. The two states signed the Memorandum of Understanding (MoU) at the recently held Lagos-Kano Economic […]
FCMB woos tech savvy customers with *329# mobile banking code
Businessam StaffFebruary 25, 2018
By Temitayo Ayetoto First City Monument Bank (FCMB) said it has introduced a mobile banking solution coded *329#, in its renewed commitment to attune its financial service delivery to the growing needs of tech-savvy customers. The self-service under the Unstructured Supplementary Service Data (USSD) technology platform will avail customers with basic services such as funds […]