Author: admin
-
‘Baxi Hero campaigns to deepen financial services across Nigeria’
One of Nigeria’s foremost agent banking platforms, ‘The BaxiBox’, has kicked off a rave of campaign with the aim of creating national awareness for its multiple financial services across the country. BaxiBox is the financial platform arm of Capricorn Digital Limited. Speaking during the formal launch of the campaign, the Managing Director of Capricorn Digital Limited, Degbola…
-
Agency Banking: Breaking Barriers To Financial Inclusion
The Central Bank of Nigeria’s plan to create 500,000 agency banking networks nationwide, and to bring in 40 million Nigerians into the formal financial service by year 2020 is gaining momentum. CHIMA AKWAJA looks at this development. Nigeria’s journey towards financial inclusion started after the federal government through the Central Bank of Nigeria (CBN) adopted…
-
Digital economy is Nigeria’s alternative to oil – Obaseki
The Edo State Governor, Mr. Godwin Obaseki has called for adoption of smart Information and Communication Technology (ICT) tools and solutions as an alternative to oil in diversifying the Nigerian economy, warning that the country will not develop if the bulk of the country’s savings is still tied to buying foreign exchange for importation. The…
-
THE POST: A VERITABLE PARTNER FOR FINANCIAL INCLUSION AND REGIONAL INTEGRATION
Recently, Nigeria joined 54 other member-states of the Pan African Postal Union (PAPU) to celebrate the pan African Post Day which also marked the 40th Anniversary of the Union established on 18th January, 1980 with its Headquarters at Arusha, in the United Republic of Tanzania. Pan African Post Day is used by authorities of the…
-
Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion
Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The Lagos based startup will also launch its payment products in Mexico this year and in Ethiopia imminently, CEO Tayo Oviosu told TechCrunch The moves come a little over a year after Paga raised a $10 million Series…
-
Digital Bridges: The game changer for Nigeria’s most marginalised citizens
John Obaro There are parts of Nigeria so disconnected from the reality that we have come to know and live, that one could be forgiven for believing those places existed in a different century. In the Atlantika Hills of Adamawa State, it is said that the Koma people still rub sticks together to generate fire…
-
Open Banking, CeBIH’s role and Nigeria’s e-payment growth
Open Banking is an initiative that is aimed at addressing the challenge confronting many bank customers, especially those with multiple bank accounts. For these customers, they would have to visit the branches of each bank, or use their different mobile apps before they can access or use their money in any of the different bank…
-
FIVE NIGERIAN STARTUPS TO PITCH AT THE DISRUPT AFRICA TECH SUMMIT IN KIGALI
ccording to a 2019 Annual Investment Report on Africa’s tech startup ecosystem by WeeTracker, Nigerian tech startups got 50 percent of Africa’s venture fund in 2019. That translates to as much as $663.24 million out of the overall $1.34 billion raised in funding in the whole of Africa. It was also projected that in 2020, the country may possibly retain…
-
FirstBank enhances educational sector, supports schools with over N10 billion loan
Nigeria’s premier and leading financial services provider, First Bank of Nigeria Limited, has announced that within the last year, it has supported educational institutions in the country with loans in the sum of over N10 billion. The Bank’s support is carried out through its FirstEdu product, an educational solution created to enhance the educational facilities in…
-
Much Ado About the Challenges & Prospects of E-commerce Growth in Africa
Key Players Championing Digital Skills in the E-commerce Industry Austin Ayaosi Since the advent of electronic commerce (otherwise referred to as e-commerce) in Nigeria in 2012, one can safely say that there has been a steady growth trajectory in that sector overtime. Nigeria’s Experience For a sector largely driven by innovation within the financial system…