Wema Bank Introduces Agent Banking in Bauchi, Targets Informal Retail Sector

Posted by - April 17, 2018

Wema Bank Plc, Nigeria’s longest serving indigenous Bank and pioneer of Africa’s first fully digital bank ALAT, has introduced its agent banking service in Bauchi as it seeks to deepen its retail footprint across informal economic sectors of the country. Agent Bank is a cost-effective medium employed by Banks to provide financial access to unbanked,

CBN Introduces Two New Non-interest Banking Instruments

Posted by - August 25, 2017

In a bid to aid liquidity management and deepen the financial system, the Central Bank of Nigeria (CBN) has introduced two new financial instruments known as – Funding for Liquidity Facility (FfLF) and Intra-day Facility (IDF), at its window, for access by non-interest financial institutions (NIFIs) under its regulation. The central bank stated this in

uniBank Ghana Named Platinum Sponsor of 3rd Banking & Insurance Fair

Posted by - August 9, 2017

Indigenous Ghanaian bank, uniBank Ghana Limited, has thrown its weight behind the upcoming 3rd Banking and Insurance Fair as a platinum sponsor in line with its quest to enhance financial literacy and inclusion in the country. The bank is also urging sister players in the financial sector to help push the initiative which seeks to

Nigeria: Banking Industry Losses to Frauds Drop By 24.29% in 2016 – NDIC

Posted by - August 4, 2017

Nigeria Deposit Insurance Corporation has said that the reported cases of frauds, forgeries and outright theft involving bank staff declined by 48.12 percent from N18.02 billion in 2015 to N8.68 billion in 2016, while the actual losses to the nation’s banking industry dropped by 24.29 percent from N3.17 billion in 2015 to N2.40 billion in

Keystone Bank Launches Mobile Banking Solution

Posted by - August 1, 2017

Keystone Bank Limited has officially launched a new mobile banking solution to make banking simpler and interesting for its customers. The bank’s *553# Unstructured Supplementary Service Data (USSD) banking solution would enable its customers to perform financial transactions on all known mobile phones (Feature, Smartlite or Smart), without having to go on the net or