30 results
- 8 Jan 2014
Nigeria Ripe For Agency Banking- Bickersteth
One Network, an industry-focused organisation, recognised by the Central Bank of Nigeria (CBN) as agent manager, has said that Nigeria is overdue for Agent Bank scheme. The Company providing agent…
- 9 Apr 2016
CBN Approves 2 Super Agents to Distribute Banking Services
Mrs Tokunbo Martins, director, Banking Supervision Department of the Central Bank of Nigeria (CBN), says the bank has approved two super agents to distribute banking services at cheaper prices.…
- 21 Jul 2014
CBN Commends Sterling Bank, Osun’s Support for FI Scheme
The Central Bank of Nigeria (CBN) has commended Sterling Bank Plc and the Osun State Government, for their roles in deepening agent banking and Financial Inclusion (FI) initiatives. This commendation…
- 22 Oct 2014
Glo Xchange Agents Hail Empowerment Scheme
The number of mobile money agents around the country has continued to swell as the Glo Xchange train moved to Imo, Benue, Niger, Plateau and Kogi over the weekend. In the new locations, participants…
- 19 Dec 2014
Skye Bank Partners MoneyGram on Outbound Service Scheme
Skye Bank Plc, one of MoneyGram’s top agents in Nigeria, has extended the relationship with the launch of an outbound remittance service in the country. With the launch, customers and other Nigerians…
- 4 Feb 2019
FirstBank, Nigerian Army Partner to Deepen Financial Inclusion
Nigeria Army in conjunction with First Bank of Nigeria Limited has launched “Agent Banking Scheme” for army personnel at the 20 Battalion Serti in Taraba. Lt. Gen. Tukur Buratai, chief of Army…
- 9 Aug 2021
FirstBank Lifts its Firstmonie Agents with N100Bn Loan
First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider, has announced that it has economically empowered its Firstmonie Agents with the sum of N100 billion. This is…
- 12 May 2018
AMMAN Picks Holes in Shared Network Initiative of Banks
Association of Mobile Money Agents in Nigeria (AMMAN) has pick holes in the Central bank of Nigeria (CBN) and money deposit banks’ recently launched Shared Agent Network initiative, saying that…
- 14 Oct 2020
Ecobank Rewards Xpress Point Agents
Ecobank Nigeria has rewarded its Agency Banking partners, also known as Xpress Point Agents across the six geo-political zones of the country with mouthwatering gifts for their performances from…
- 18 May 2020
Ecobank Reaffirms Commitment to Build Entrepreneurs, Support Financial Inclusion through Xpress Point Agents
Ecobank has reiterated that its agency banking scheme, also known as Xpress Points, is building entrepreneurs and pushing financial inclusion to the large unbanked and under-banked population in…
- 15 Nov 2018
AMMAN Seeks Role in SANEF for Growth
Worried by the identified challenge of recruitment of agents without transactions in the Central Bank of Nigeria and Bankers’ committee shared agents network expansion initiative(SANEF), Association…
- 23 Nov 2014
CBN to Release Guideline on Shared Agent Network
Central Bank of Nigeria (CBN) will next year release a new guideline for Agent Banking (AB) relationships in Nigeria to spark real mobile money business in the country and curb abuses. This is…
- 14 Jan 2019
Stakeholders Seek Review of SANEF Strategy
Stakeholders in the agent banking ecosystem have urged Central Bank of Nigeria (CBN) and Bankers’ committee to review current strategy of shared agents’ network expansion initiative (SANEF) to…
- 1 Aug 2024
How PalmPay Empowers MSME Business Growth with Innovative Business Offering
The banking sector is experiencing a significant and positive shift, with PalmPay leading the charge. As a prominent fintech innovator, PalmPay is making waves in business banking solutions and agent…
- 20 Feb 2020
EFCC Arraigns Couple for Allegedly Stealing N2.7m from Sterling Bank
Economic and Financial Crimes Commission (EFCC) Ibadan zonal office, has arraigned Akinwole Dosunmu, an ex-banker, alongside Motunrayo, his wife, before an Oyo State High Court sitting in Ibadan for…
- 12 May 2014
FMCT Unlocks NIPOST, Targets 300,000 Jobs
Ministry of Communication Technology (FMCT) has perfected plans to unlock the Nigeria Postal Service (NIPOST) in order to create 300,000 agents who will drive financial inclusion, amongst…
- 2 Mar 2016
Financial inclusion: CBN Licenses Innovectives as Super-Agent
Central Bank of Nigeria (CBN) has granted an approval-in-principle to Innovectives, a leading provider of secure and affordable transaction channels for the unbanked and underbanked members of the…
- 15 May 2020
Ecobank Xpress Points Building Entrepreneurs, Supporting Financial Inclusion
Ecobank Nigeria has reiterated that its agency banking scheme, also known as Xpress Points, is building entrepreneurs and pushing financial inclusion to the large unbanked and under-banked population…
- 5 Jul 2021
Fidelity Bank Distances Self from ‘E-Universe Promo’
The management of Fidelity Bank Plc has distanced the financial institution from a purported online promo called “E-Universe Promo”. In a statement, the bank said neither itself nor any of its agents…
- 7 Mar 2021
Ecobank Sets to Pay Customers N5 for Every Dollar Received
Ecobank is implementing the Central Bank of Nigeria (CBN)’s scheme which offers N5 for every Dollar received into domiciliary accounts or as cash over the counter. Korede Demola-Adeniyi; Head,…
- 16 Dec 2017
CBN Licenses Inlaks as Super-agent for Financial Inclusion
The Central Bank of Nigeria, CBN, has granted an approval-in-principle to Inlaks, a financial technology company, to drive its financial inclusion and the cashless initiative agenda. Inlaks will…
- 21 Jun 2016
Key Reasons Africa Must Enforce SIM Cards Registration- Nadeem Juma
The increasing level of fraud, terrorism and other illicit uses, are part of major reasons regulators across Africa must not soft-pedal on the clampdown on unregistered SIM cards, in addition to the…
- 11 Sept 2012
Risks of Mobile Payment and Agency Banking
Nigeria is experiencing phenomenal growth in its banking and e-banking sectors with new policies and regulations that is driving cashlite, branchless Banking and agency banking services…
- 29 Apr 2019
Reps Probe CBN, Others for Stamp Duties Non-Remittance
House of Representatives is to constitute an ad hoc investigative panel over to probe the non-remittance of stamp duty by the Central Bank of Nigeria (CBN), money deposit banks and other collection…
- 15 Aug 2013
NOI Polls Blames MM Agents for Slow Uptake of Mobile Money
Mobile Money Agents (MMA) have been rated low in the awareness creation index for the all important mobile money service scheme, as respondents to NOI Polls believed banks outperform the MMA in that…
- 29 Aug 2014
MATS Signs 10 MM Agreements for Agency Rollout in Nigeria
Merchant and Agent Transactions Services (MATS) has signed ten landmark agreements and actively integrating them for agency transactions in Nigeria. The firm is deploying own proprietary software,…
- 22 Sept 2013
CBN May Allow Telcos to Drive MM Adoption
Central Bank of Nigeria (CBN) may rescind its decision and allow telecoms operators drive the mobile money payment scheme to give fresh impetus to the initiative which has crawled since introduction…
- 19 Oct 2015
Transactions in Mobile Money Transfer Scheme Hits N815.47Bn
Mr Dipo Fatokun, director of Banking and Payment System in the Central Bank of Nigeria (CBN) says about N815.47 billion has been transferred though the Nigerian mobile money system since its…
- 18 Mar 2016
Financial Inclusion: Innovecrives Appoints FIWON as Agent
Innovectives has appointed the Federation of Informal Workers of Nigeria (FIWON) as an agent for the purposes of rendering approved services to the customers of financial institutions within their…
- 19 Nov 2020
Stakeholders Seek Establishment of Cashless Lagos Scheme
The Lagos State Governor Babajide Sanwo-Olu has been urged by the Fintech professionals who spoke at the annual Lagos Fintech Week to inaugurate the Cashless Lagos scheme as part of his…