30 results
- 4 Jan 2019
First Bank Extends Agent Banking In Bayelsa, Cross River, Delta
As a part of efforts to deepen Financial Inclusion in Nigeria, First Bank of Nigeria Limited extended the Agent Banking campaign to 14 major markets and business points across Bayelsa, Cross River…
- 20 Jun 2017
Heritage Bank Agent Outlets Now 400, Moves to Badagry
Heritage Bank Plc., said that with the alarming number of market women, artisans and underserved population who are unbanked, it has deepen the retail banking structure by growing agent banking base…
- 11 Feb 2013
CBN Releases Guidelines for Agent Banking
Central Bank of Nigeria (CBN) has released guidelines for agent banking relationships in the country to ensure adequate financial services to the public. Agent banking is the provision of financial…
- 30 Mar 2014
Bickersteth, One Network Boss Says Broadband Is Critical in Agent Banking
Sola Bickersteth, chief executive officer, One Network, has described broadband as critical infrastructure in achieving the proposed agent banking of the Central Bank of Nigeria (CBN). Bickersteth,…
- 16 Aug 2020
Mobile Money & Banking Agents Decry Poor Providers’ Strategy, Agents Turnover
Stakeholders in the mobile money and banking agency network ecosystem have decried what they described as poor providers strategy and high rate of agents turnover which according to them are working…
- 29 Sept 2013
Agent Banks Will Tackle Issues on Financial Inclusion - Bickersteth
Sola Bickersteth is the president , Society for Agent Banking Network Practitioners and Chief Executive, One Network. He is PLD Graduate of the Harvard Business School, USA and an Electronics…
- 4 Nov 2019
SANEF, CBN Achieve Interoperability at Agents Banking Units This November
Financial inclusion initiative of central bank of Nigeria, CBN, will receive a boost next month as agent banking units under the initiative will begin to enjoy interoperability, Nigeria…
- 10 Sept 2013
CBN, One Network Target 170,000 Agent Banks
One Network is an industry-focused organisation, providing agent locations for mobile money operators across the country said it is building technical infrastructure that will be used to manage a…
- 26 Jun 2019
FirstBank Hits 27,000 Banking Agents, Deepens Financial Inclusion
First Bank of Nigeria Limited has announced that it now has over 27,000 agents on its Firstmonie network. This feat, according to a statement from the bank yesterday, reinforces its steering role at…
- 27 Apr 2019
First Bank’s Mobile Money Agents Process over $490m Transactions Monthly
First Bank of Nigeria has said that its efforts to deepen financial inclusion in Nigeria has grown its network of mobile money agents to over 22,000 agents. The bank also said the agents had…
- 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.…
- 30 Jul 2017
Agents, Logistics Hobble Banks’ Mobile Money Operations
Managing mobile money agents’ networks and logistic issues have conspired to frustrate money deposit banks from making progree in the mobile money operations in the country, according to experts who…
- 29 Apr 2024
9PSB Empowering Women Entrepreneurs, SMEs Owners With Agent Banking Opportunities
9 Payment Service Bank (9PSB), Nigeria’s digital payment service bank, focused on financial inclusion has reiterated its support to Nigerian women entrepreneurs and Small and Medium Scale Enterprises…
- 28 Jul 2020
AMMBAN Decries Illegal Taxes on Mobile Money & Bank Agents by Local Govt. Councils
Association of Mobile Money and Bank Agents of Nigeria (AMMBAN) has frowned at intimidation, disruptions and molestation of its members across the country by local government councils/LCDAs officials…
- 20 Sept 2021
SOLAD Partners Quickteller, Paypoint to Expand its Digital Power Offering to Agent Banking Providers
Solad Power Group has joined the Interswitch Financial Inclusion Services Limited agent banking network, known as Quickteller Paypoint as a sub-agent. The move enables Solad to digitise collections…
- 12 Oct 2023
CIBN Unveils Agency Banking Certification Program to Strengthen Financial Inclusion System
Chartered Institute of Bankers (CIBN) has unveiled Agency banking certification for point of sales (POS) agents, NIN /BVN agents, Agent network managers, customer service officers, agent banking…
- 17 Sept 2018
Stakeholders Rue Poor IT Services at MM, Banking Agents’ Locations
Stakeholders in the financial inclusion ecosystem have expressed worries over poor information technology services deployed by operators at mobile money and banking agents’ locations in the country.…
- 6 Oct 2025
CBN Releases New Guidelines, Caps POS Agent Daily Transactions at N1.2m
The Central Bank of Nigeria has introduced new operational guidelines for agent banking across the country, capping daily cumulative transactions per agent at N1.2 million. The revised framework,…
- 6 Jul 2023
AMMBAN Explains Increase in Service Charge by Mobile and Bank Agents
The recent announcements of an increase in service charge fees by a few of our state chapters have elicited various responses. The Association had acknowledged the role of the CBN as the market…
- 3 Jul 2018
Agent Banking Will Assist in Achieving Financial Inclusion - Yuan
David Yuan is the general manger, International Business Operations, Nexgo - a Point of Sale (PoS) terminal manufacturer and Global Accelerex partner was in Nigeria for DigitalPay conference…
- 28 Apr 2017
Agent Banking in Nigeria Sees Spike as Paypoint Grows
Launched in 2016, Quickteller Paypoint was designed to take financial services to the nooks and crannies of Nigerian communities, providing access to underserved markets. Revealed at the maiden…
- 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…
- 6 Aug 2021
Access Bank Drives Financial Inclusion with 74,000 Closa Agents – Official
Access Bank Plc has equipped 74,000 Access Closa agents to provide financial services to customers across the country, to drive financial inclusion. Mr Robert Giles, Senior Banking Advisor, Retail,…
- 18 Jul 2021
AMMBAN Decries Agency Banking Abuse in the Financial Inclusion Policy
Association of Mobile Money and Bank Agents in Nigeria (AMMBAN ) has frowned at none compliance and monitoring of activities of agents deployed on the financial inclusion programme of Central Bank of…
- 24 Nov 2022
Access Bank Targets 200,000 Closa Agents in 2023
In a bid to satisfy its customers and make banking easier, Access bank Nigeria Ltd has disclosed its intention to increase its Closa agents from 160,000 to 200,000 nationwide in 2023. Regional Sales…
- 17 Dec 2024
CBN Pegs Daily Transaction Limit on PoS Agents @ N1.2m
The Central Bank of Nigeria (CBN) has restricted Point of Sales (PoS) agents to a daily transaction limit of N1.2 million. The apex bank revealed this in its ‘Circular on Cash-Out Limits for Agent…
- 22 Jul 2024
CIBN Commences Tutorial Session for Agency Banking Certification Examination
Tutorial sessions for the students registered for the October 2024 diet examinations for Agency Banking Certification of the Chartered Institute of Bankers of Nigeria (CIBN) have begun. The first in…
- 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…
- 2 Apr 2018
FinTech Stakeholders Urge Banks to Improve PoS Capacity
Stakeholders in financial technology have urged banks to enlighten their customers on the enormous capabilities of Point of Sale (PoS) terminal in the quest to make agent banking network viable.…
- 26 Jan 2020
Financial Inclusion Agents Groan as SANEF Fails To Achieve Interoperability
Two months after, financial inclusion agents under the network of Shared Agent Network Expansion Facility, SANEF are yet to enjoy interoperability promised them, Nigeria CommunicationsWeek checks…