By Oladipupo Akinwunmi The Central Bank of Nigeria (CBN), and the telecoms regulator, the Nigerian Communications Commission, NCC have been challenged to ensure the security of mobile money (MM) when the country finally embrace it. This challenge was given by the stakeholders in the information and communication technology industry in Lagos during the maiden edition
Category Archives: Nigeria
Nigeria: Customers count losses in bank thrift fraud
COMFORT OSEGHALE PUNCH NEWSPAPER The last few months have been rough for many traders and owners of small businesses in the Onipanu, Okesuna and Somolu areas of Lagos. Most of these traders were involved in a thrift society, which allegedly existed in a branch of Stanbic IBTC in Okesuna. But the scheme went awry half
MTN Partners Stanbic IBTC on Mobile Money
MTN and Stanbic IBTC Bank- a member of Standard Bank Group- have signed an agreement on the provision of mobile money services to Nigerians. Speaking at the signing ceremony, which took place at MTN’s Lagos office recently, Chief Executive Officers of the two organisations said the partnership represented a major step in Nigeria’s e-payment segment
Nigeria: Cashless Policy – CBN Buckles, Shifts Kick-Off Date
BABAJIDE KOMOLAFE AND FAVOUR NNABUGWU VANGUARD The Central Bank of Nigeria (CBN) said yesterday that it has postponed nationwide implementation of the cashless policy till January 1, 2013 and also granted partial exemption to ministries, parastatals and agencies (MDAs) only for the purposes of revenue collection. This was part of the amendments to the cashless
Nigeria:AERO Unveils New E-Payment Option for Customers with MobileMoney
AERO has introduced an entirely new, fast and convenient mobile money payment on the platform of U-MO. This is the first of its kind in the Nigerian aviation industry as Aero tickets can now be purchased from an electronic wallet through mobile phones. The new product enables customers to pay for their flight tickets using
Eskimi’s CEO to present at MobileMoney West Africa summit.
The CEO of Eskimi.com, a Lithuania-based mobile social network that has grown from zero to 5 with more than 2.5 million users in Nigeria,will be speaking at the MobileMoney West Africa summit on March 5th and 6th. Eskimi is currently the largest mobile social network in Nigeria and growing exponentially in some parts of Africa
G2P has great potential in Nigeria – Killian Clifford – Director, MobileMoney Consulting
Killian Clifford – Director, Mobile Money Consulting. He will be speaking at the upcoming Mobile Money West Africa Summit 5-6 March in Lagos.If you wish to set up a meeting please get in touch. Share your African experiences in the mobile money space with us? I have worked on numerous mobile projects in the African
Mobile banking: Why we did not licence MTN, others – CBN
Babatunde Oso Moment Newspaper NOTWITHSTANDING the fact that telecom companies have notched about 100 million subscribers, financial sector regulator, the Central Bank of Nigeria (CBN), has refused to license them to operate mobile money services in the country. NOTWITHSTANDING the fact that telecom companies have notched about 100 million subscribers, financial sector regulator, the Central
AIRTEL AND FIRSTBANK SIGN MOU ON MOBILE MONEY SERVICE
The landscape of e-banking services in Nigeria is set to witness a major shift as two leading companies in banking and telecom sectors of the economy, FirstBank of Nigeria Plc (FirstBank) and Airtel Networks Limited have agreed to combine their strengths to provide seamless mobile money services to millions of Nigerians. Speaking at the signing
Unity Bank launches QikQik mobile payments
BiztechAfrica Nigeria’s Unity Bank has launched a mobile payment service that is expected to create hundreds of jobs. The new UnityBank QikQik mobile-based payments will include QikQik kiosks in all the 774 local government councils in the country to deliver financial services to previously excluded segments of the population, the bank’s Group Managing Director, Alhaji
