Mobile money companies in Ghana to be merged by November 2017

Mobile money companies in Ghana to be merged by November 2017

The Ghana Interbank Payment and Settlement Systems (GhIPSS), a wholly owned subsidiary of the Bank of Ghana, has been tasked by government to interoperate all mobile money companies by November this year. When done, mobile money users could send and receive money across networks. “So we will fully interoperate the four mobile money companies by November so that we can […]

CIBN received N27.6bn claims from bank customers in 2016

*Rakes in N439.6m from corporate subscriptions, levies The Ethics and Professionalism Division, of the Chartered Institute of Bankers of Nigeria (CIBN) says its received 136 petitions with claims that amounted to N27.6 billion from bank customers in 2016. The institute disclosed this in its 2016 Annual Reports and Accounts released on Saturday in Lagos. It […]

Softbank-Saudi tech fund becomes world’s biggest with $93 billion of capital

The world’s largest private equity fund, backed by Japan’s Softbank Group and Saudi Arabia’s main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics. “The next stage of the Information Revolution is under way, and building the businesses that will make […]

Nigerian banks see stability returning

* Target manufacturing, agriculture, infrastructure… Nigerian banks are uptick that the economy is past the worst of what most described as “the most severe downturn in 25 years”, according to Renaissance Capital’s findings from its 8th annual Pan-Africa Investors conference, which held in Lagos recently. According to the research firm, the return of stability in […]