Nigeria’s Banking Industry: Union Bank
Union Bank is one of Nigeria’s oldest financial institutions. It’s also among the country’s biggest, with its total assets worth over $4 billion as of 2018, and several million customers located within and beyond Nigeria. Like the other traditional players in the banking industry, it presents itself to its customers as a reliable partner, one […]
How Nigeria’s Banks Are Responding To The Fintech Revolution
Nigeria’s fintech bosses aren’t making any bold statements about disrupting the existing banking system. They often speak of being alternatives to the big financial service providers or collaborating with these established institutions. When they’re on conference panels together, commercial bank CEOs and fintech startup founders talk of joining forces to usher in a new age […]
App Of The Week: Union Mobile
Union Mobile is an attempt to enable seamless banking and still have access to all the cool features that make an app worth opening every single day. This app claims stands out among other top-tier banking apps because it is a multi-purpose app which spans some features found on a banking app and other apps. Here are some […]
NIBSS Hackathon 2018: ₦3 Million Prize on Offer for Software Developers
The Nigerian Inter bank Settlement System (NIBSS) is inviting software developers to pitch their ideas at its maiden Hackathon, for a chance to win ₦3 million. If you’ve devised a personal identification system that could work as part of a fintech infrastructure, you might consider entering for it. The NIBSS Hackathon is being organized with […]
Paystack Gets $8 Million In Series A Funding Round
Digital payments startup Paystack has lapped up $8 million in its series A funding round. Reports say the Nigerian fintech venture secured its latest round of financing from a group of investors led by payments company Stripe and Visa. There’s also been support from Tencent and Y Combinator, both of which had contributed to an […]
Top 5 Nigerian Fintech Apps
Fintech is a term used to classify all computer programs and technology that support and facilitate banking and financial services. Because of the ease and comfort they provide, as opposed to the traditional methods of banking, fintech services have become more endearing to Nigerians in recent times. The demand for fintech services can only grow at this point, as […]
Numbers To Call If You Need To Block Your Debit Card
One of the worst things that could happen is having your debit card stolen and needing to block it ASAP. A list of banks, their customer care numbers and contact detail: Access Bank Plc 07002255222377 +234 1- 2712005-7 +234 1-2802500 [email protected] Ecobank Nigerian Plc 08003262265 [email protected] First Bank of Nigeria Ltd 234 1 9052326 +234 1 […]
Make Your Low-Cost Payments with MCash
The idea of a totally cashless economy is becoming more of a reality, with a couple of payment platforms offering alternatives to using cash. But when it comes to low-cost items, most people still use cash. Well, there is an alternative. Introducing mCash, an innovative payment solution designed to facilitate low-value retail payments, grow e-payments […]
Nigeria Today: Top 5 News Stories, Friday, Nov 4th 2016
1. The Lagos International Trade Fair kicks off today at the Tafawa Balewa Square and will run until the 13th of November, 2016. 2. The Federal Government has called for partnerships between farmers and stakeholders in the rubber industry in order to boost production of the commodity. 3. In conjunction with the Nigeria Inter-Bank Settlement System […]
Here Comes Lidya, The Digital Bank
Access to finance and financial services in Africa is still not as hitch-free as it should be, considering the technological advancements made thus far. There are still plenty of complaints by customers about their inability to access the basic financial services. Meet Lidya, Nigeria’s first purely digital bank. Lidya is seeking to tackle the pressing […]
European Investment Bank and UBA Partner to Provide €60 Million Facility to Private Enterprises
The European Investment Bank will be working in conjunction with the United Bank for Africa to provide about €60 million worth of financial facilities to small and medium enterprises in Nigeria. This agreement comes under the EIB’s Nigeria Private Enterprise Investment Facility, an initiative of the European public finance institution to support the growth of […]
Bridgeway Microfinance Bank Launches in Ikoyi, Lagos
BRIDGEWAY Microfinance Bank, set on a mission to bridge financial gaps in small and medium enterprises and create economic empowerment for individuals, was launched on the 29th of August 2016 in the heart of Ikoyi, Lagos. At the event, the Bank revealed products targeted at giving her clients the best banking experience at individual and […]
Nigeria To Benefit From Afrexim Bank’s $1 Billion Investment Programme
Nigeria will be benefiting from a massive injection of development funding from the Africa Export-Import Bank (Afrexim Bank), which, it is hoped, will help in the creation of agricultural and industrial processing parks. About $1 billion is set to be pumped into the continent’s manufacturing and agricultural sectors to help exploit the recognised potential of […]
Three Reasons Why You Should Read the Fine Print On Your Bank Documents before Signing Them
Fine prints are, for most people, just a decorative addendum to the main piece of information conveyed in such things as food and pharmaceutical product labels, or contract documents. We prefer to concentrate on the more visible large prints which we think reveal all we need to know about the product to which they refer. […]
Banks Bleed Thousands of Jobs, As Federal Government Tries To Halt Mass Retrenchment
Nigeria’s financial sector has in recent times been hit by a tsunami of job losses, with banks and other financial institutions seeking to respond to losses they made in 2015. Nigeria’s economy has hit a rocky patch, and the banks have suffered as a result. Because of the fall in profits, financial institutions have opted […]
Nigerian in Diaspora? Where to Get Your BVN Today
Are you a Nigerian living abroad? You can also get your BVN without hassle. Get your BVN by visiting any of the addresses in the table below with the following documents: · A valid means of identification e.g. Current International Passport, Driver’s License/National ID Card. · Account Name and Account Number · One recent passport photograph · Enrollment […]