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Manufacturers List Challenges to Economic Growth

The Organised Private Sector (OPS) has listed 12 factors retarding the growth of the nation’s economy, isolating the prevailing huge scarcity of foreign exchange as the major impediment to economic recovery. They also called for a review of the list of 41 items banned by the Central Bank of Nigeria (CBN) from accessing forex in the interbank forex market with …

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Samsung’s Q4 profit rises 50% despite Note7 recall

Samsung Electronics’ profits leaped in the fourth quarter, it said Tuesday, despite the humiliating Galaxy Note 7 recall that hammered the reputation of the world’s largest smartphone maker. The South Korean tech giant took another blow when prosecutors began investigating its involvement in a corruption scandal, which has seen the country’s president impeached, and sought the arrest of the firm’s …

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Microsoft and Ecobank Agree to Drive Digital Transformation in Africa

Microsoft, the leading platform and productivity company for the mobile”first, cloud”first world and Ecobank Transnational Incorporated, parent company of pan”African banking group Ecobank today signed a memorandum of understanding (MOU) to complement African governments’ efforts to modernise and raise the standards of the continent’s major cities through state of the art digital solutions. The MOU will see the modernisation of …

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FirstBank provides secure, convenient money transfer services

As the most valuable banking brand in Nigeria, First Bank of Nigeria Limited has been on a journey of strength and dynamism committed to providing the best financial solutions to promote convenience and support the lifestyles of its customers. The Bank through the years has demonstrated an understanding of its customers’ modern lives, wants, and needs as part of its …

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Ecobank Masterpass QR Records High Patronage

The Deputy Managing Director, Ecobank Nigeria, Tony Okpanachi has expressed delight over the level of acceptability and wide patronage of Ecobank MasterPass QR, an innovative global digital payment solution recently introduced into the nation’s financial landscape by the Bank. It would be recalled that Ecobank was the first financial institution in the country to introduce Masterpass QR. According to Mr …

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NIBSS CEO advocates digital media for news dissemination .Says mobile money feedback disappointing

NIBBS MD/CEO Ade Shonubi The Managing Director/CEO, Nigeria Interbank Settlement System (NIBSS), Ade Shonubi has reiterated the rising significance of digital or online media in financial news reporting, saying it is where the future lies. Speaking yesterday at the launch of Ficannews.com, an online news website published by Finance Correspondents Association of Nigeria (FICAN), the NIBSS boss said the group …

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InfoWARE & TVC Collaborate To Enhance Business Programs

InfoWARE Limited, an indigenous business software and technology company has extended its drive towards making sure that Nigerians home and abroad have access to accurate information’s from the financial market, by collaborating with Television Continental for enhanced business programming. With this partnership, TVC will broadcast live market data with an extensive coverage of the Nigerian Stock Exchange (NSE), National Association …

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Ecobank commissions Agency Banking Outlet at Mowe

Ecobank Nigeria has commissioned an agency banking outlet at Airtel express shop in Mowe Ofada, Ogun state. This is in line with the Bank’s determination to convert Airtel franchise locations to Agent banking locations. Members of the public can now carry out their financial transactions such as Cash-in; Cash-out; Transfers to Ecobank and other banks, bill payments and Rapid transfer …

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Glo makes access to calls, data easier with Flexi Recharge

  Data grandmasters, Globacom, has launched a new initiative, Glo Flexi Recharge, which allows customers to use data and voice without having the compulsion of buying a fixed data and voice bundle. Globacom said Flexi Recharge gives subscribers credit for calls and internet-related services, which means that its subscribers will no longer need to purchase separate data bundles for internet connectivity and calls. Subscribers …

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World Economic Forum: DANGOTE Calls For Genuine Effort At Tackling Power Deficit To Improve Economy

  President of Dangote Group, Aliko Dangote on Tuesday told the audience at the World Economic Forum (WEF) holding in Davos Switzerland that a joint effort between government and private sector to tackle the power deficit remained a key element in boosting the economy of Africa. Dangote, who also spoke about his efforts at contributing to lightening up Africa starting …

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