Union Bank Develops ‘Bank-of -the-Future’ Prototype

Union Bank of Nigeria Plc has entered into a collaborative initiative with Samsung Electronics West Africa, to develop a ‘Bank-of -the-Future’ prototype aimed at

FIBA’s Banking Upgrade Rides on Path Solutions' iMAL

Financial Investment Bank (FIBA), the first bank in Sudan specialized in dealing with all types of financial products with the private and public institutions and

Cases of Banks’ Frauds on the Rise-NDIC

Nigeria Deposit Insurance Corporation (NDIC) yesterday released its 2012 report and statement of accounts, which showed that banks in the country reported a total of 3,

Ecobank Nigeria Gets Department to Finance Small Businesses

Ecobank Nigeria has set up a Microfinance department to support small business owners in Nigeria. These groups of people constitute the unstructured market and are

D-8 Commends CBN Governor

The Developing Eight countries (D8) has commended the efforts of  Mallam Sanusi Lamido Sanusi, CBN governor for his unrelenting efforts in promoting D8 activities by

CBN asks Banks to List Dud Cheque Issuers

The Central Bank of Nigeria (CBN) has directed all banks to compile names of customers who have issued dud cheques at least three times since July 5 to be forwarded to

Mobile Money Transactions Hit N8m Daily

Some N8 million are exchanged daily by mobile money schemes in the country, underscoring the growing acceptance of the scheme after a lethargic take off, according to

AGF Asks MDAs to Furnish it with NUBAN Accounts

Joseph O. Otunla, accountant-general of the Federation (AGF), has directed all Federal Ministries, Departments and Agencies (MDAs) to update their bank details with his

Mobile Money Shunned by Unbanked Nigerians

The NOI polls recently has found that mobile money scheme has not been embraced by the unbanked Nigerians. Mobile money service is targeted at a particular group of

Facebook Testing Mobile Payment Feature

Facebook, world's leading social networking company, is planning to test a new mobile payment feature. Ostensibly, facebook is breaking the jinks as various companies