E-Financial
Signal Alliance Fetes Customers

ignal Alliance, a frontline systems integration company in Nigeria, has rounded up the company’s first Customer Week. The week-long customer recognition and reward activity, which is an initiative aimed at identifying with and rewarding the customers of the company, included management visits to client’s sites and a gala dinner.
The exercise brought together representatives from about 20 corporate customers of Signal Alliance.
Collins Onuegbu, Chief Executive of Signal Alliance reiterated the commitment of the company in providing world-class solutions and systems. “Even though we pride ourselves as IT solutions experts of repute, we are aware that if you (customers) did not give us the opportunity to prove it, no one would have recognized our expertise.”
A cross-section of the customers, satisfied with the quality of service and customer relationship of the IT specialist firm, used the opportunity to request the organization to expand its products chain to cover other challenging areas of the business.
The customers, who are drawn from various sectors of the economy, expressed their attraction to the company’s speed of response and professionalism, saying that the company should replicate its quality service and strong customer relations in emerging areas of the IT industry.
Jide Ogunbanjo head regional operations, Lagos and South West for Galaxy Backbone Plc stated that as a customer, his company has enjoyed good relationship with Signal Alliance. “I would say they should keep up the good work; there is always room for improvement. I have seen their capability in many areas and i think they should just continue to be the company we have known them to be. Consistency is very important in this industry,” said Ogunbanjo.
Okey Njemanze, head, IT operations, Enterprise Bank Limited, said: “Having related with Signal Alliance, I can say without mincing words that they are proactive; before you think about it, Signal Alliance is ready there.”
He however tasked Signal Alliance to continuously spread their business focus. “They are good at it right now, and if they can put in the same effort and the same experience we’ve always known them for, and the same relationship to other parts of IT, they will still excel and you know everybody is looking for those who can help build their business.”
Njemanze explained that their business, being a service business, depends a lot on technology to render services to customers. “Those who are banking with us want a 24/7 access and if you see someone who will help you to ensure that service is on for 24/7, you will always want to have a relationship with them. So if they tell me today that they are moving to another area and I know they will excel there, I’ll follow them,” Njenanze enthused.
Onuegbu, noted that the most important thing for the company is to understand the mandate of its customers. “Every business has their mandate or what they want to achieve. So long as we align with them and help them achieve that, it will always be in business.”
Signal Alliance, which is a multi-award winning IT solutions provider for the financial, manufacturing and public sectors of the economy, has been around for more than a decade.
E-Financial
Nigerian Banks End Years of Embargo, Resume Intl Transactions on Naira Cards

Nigerian banks have resumed international transactions on naira-denominated debit cards, marking a significant shift in banking operations for customers who rely on foreign payments.
This is coming nearly three years of suspension.
United Bank for Africa (UBA) and Wema Bank, in separate communications to their customers, announced the restoration of international payment services on their naira cards.
In a notice to its customers, UBA said the reactivation of international transactions on its premium naira cards aligns with its commitment to delivering improved and seamless banking experiences.
“We are pleased to inform you that all UBA Premium Naira Cards, including Gold, Platinum, and World variants, are now enabled for international transactions,” the bank stated.
“This means you can now use your Premium Naira Card for global payments — including online shopping, POS, and ATM transactions — with ease and flexibility. If you haven’t used your card recently, now is a great time to rediscover the convenience and prestige that comes with being a UBA premium cardholder.”
Similarly, Wema Bank announced that its customers can now make dollar payments on international platforms using their naira Mastercards.
“Your Wema Naira Mastercard just went global!” the bank said. “Now you can pay in dollars on all your favourite international platforms — Amazon, eBay, AliExpress, Netflix, Spotify, YouTube.”
The development marks a major relief for Nigerian customers who have had to rely on dollar cards or alternative payment methods since most banks suspended international usage of naira cards in 2021 due to foreign exchange scarcity.
E-Financial
Flutterwave Secures 20 more US Money Transmitter Licences

Flutterwave, Africa’s leading payments technology company, today announced the relaunch of its flagship remittance solution, Send App, across U.S. states following its newly acquired Money Transmitter Licences (MTLs).
This comes after Flutterwave secured 20 additional MTLs in the U.S., adding to the 14 licenses the brand has held since 2023.
Altogether, this achievement raises Flutterwave’s total number of direct licenses to 34, allowing the company to operate across many U.S. states and territories without partners or intermediaries.
Users in the U.S. can now send money to Nigeria, Ghana and Egypt, unlocking new remittance corridors that were previously unavailable.
Alongside this expansion, the onboarding process has been streamlined with a quick ID check, making it faster and easier for new users to get started.
Additional improvements include optimised payment support for US-issued Visa and Discover cards, enhanced security measures to safeguard transactions and maintain compliance, and improved in-app flows for a simpler, more efficient sending experience.
This return also highlights Flutterwave’s commitment to delivering a seamless, secure, and regulatory-compliant user experience for all Send App customers in the U.S. Users can now send money from DC, Georgia, Maryland, North Carolina, Michigan, South Carolina, Tennessee.
Other U.S. states and territories where Send App by Flutterwave supports outward remittances include Alaska, Arizona, Arkansas, Delaware, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Minnesota, Mississippi, and Missouri, Nebraska, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Puerto Rico, Rhode Island, South Dakota, Utah, Washington, West Virginia, Wisconsin, and Wyoming.
Commenting on the relaunch, Olugbenga “GB” Agboola, Flutterwave Founder and CEO, said, “By expanding our reach and enhancing our services, we are empowering millions of Africans in the U.S. to maintain strong financial ties with their home countries, support their families, and contribute to economic development across the continent. Additionally, we are staying true to our core mission of bridging Africa with the global economy and vice versa.”
Earlier this year, Flutterwave integrated Swap into Send App for seamless FX transactions and strengthened its services in Ghana by securing approval for inward remittance from the Bank of Ghana.
E-Financial
Court Affirms NIBSS Authority to Manage BVN

Federal High Court in Abuja on Friday affirmed the authority of the Nigeria Inter-Bank Settlement System (NIBSS), to manage the Bank Verification Number (BVN), database across the country, in line with the Central Bank of Nigeria (CBN), Act and other relevant banking laws.
This is according to a judgment delivered by Justice James Omotosho on Friday.
Wolemi Esan, senior advocate of Nigeria, NIBSS’s counsel, and Kofo Abdulsalam-Alada, lead counsel for the CBN, among others, had sought a restraining order to prevent any institution in Nigeria from challenging the agency’s statutory authority to maintain and manage the BVN database.
This comes as NIBSS had alleged that Digital Rights Lawyers Initiative filed multiple suits, either directly or through proxies, challenging its authority to manage the BVN database and claiming that such management violates constitutional privacy rights.
However, Justice Omotosho, delivering his judgment, said the BVN does not infringe on the constitutional right to privacy.
“The initiative does not infringe on the constitutional right to privacy but rather serves as a necessary tool for safeguarding public interest and enhancing financial security.
“NIBSS has the power to manage the BVN,” the judge said, citing relevant CBN laws.
“The court grants the reliefs of NIBSS as prayed,” he stated.
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