Paga Records $4.6bn Transactions in 10 years

Posted by - April 3, 2019

One of the leading mobile money operators in Nigeria, Paga recently marked its 10th anniversary, just as it revealed it has processed over $4.6billion transactions since it commenced operation. The mobile money company is also planning to expand to other countries. The founder and CEO, Paga, Tayo Oviosu, said this at a media parley to

NASD OTC registers N25 billion transactions in 2018

Posted by - February 11, 2019

NASD OTC Plc has calculated its total value of transactions in 2018 at about N25 billion, as the promoter of a trading network that eases secondary market trading of all securities of unquoted public companies in Nigeria. The Managing Director/Chief Executive Officer, NASD Plc, Bola Ajomale, in his address to market participants at the recent

Transactions on CBN’s I&E Window Hits $48bn

Posted by - February 6, 2019

The cumulative transactions on the Investors and Exporters’ (I&E) foreign exchange window of the Central Bank of Nigeria’s (CBN) have risen to $48 billion since the apex bank created the market 21 months ago, investigation has revealed. The Director, Corporate Communications at the CBN, Mr. Isaac Okorafor, who confirmed this development in an interview with

Nigeria’s e-payment Transactions Hit N56.85tn

Posted by - January 7, 2019

Report from the Nigerian Interbank Settlement System (NIBSS) has indicated that Nigeria’s electronic payment (e-payment) services recorded transactions worth N56.85 trillion from January to September 2018. The report, obtained by the News Agency of Nigeria (NAN), showed an increase of N16.4 trillion when compared to the N40.45 trillion that was recorded in the corresponding period

Indigenous Banks Must Handle Gov’t Transactions

Posted by - July 28, 2017

Indigenous financial institutions must be made to handle big-ticket government transactions to build their capacity and to truly transform them as enablers of growth, John Awuah, Chief Executive Officer of UMB has advocated. “I think there must be a deliberate national policy [to build the capacity of Ghanaian banks]. Just as we talk about buying