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Posts Tagged ‘banks’

  • 9mobile

    Nigeria: 9Mobile to escape full repayment of $1.2 billion debt

    August 16, 2017 • Mobile and Telecoms, Top Stories, West AfricaComments (0)

    In the latest development of the ever changing story of 9Mobile, formerly Etisalat Nigeria, the consortium of 12 banks involved in the $1.2 billion 9Mobile loan – a loan the firm took out four years ago; however, failed to repay due to a currency...

  • Brian Richardson CEO of WIZZIT International.

    Why USSD won’t replace apps

    July 18, 2017 • Finance, Opinion, Southern AfricaComments Off on Why USSD won’t replace apps

    The complex acronym USSD (Unstructured Supplementary Service Data) does nothing to represent its simplicity. It’s the most basic of mobile phone-based service offerings – but its potential to make strides for financial inclusion is significant. Despite...

  • Nigerian_Naira[1]

    Nigerians fork out N138 billion to 10 banks

    May 22, 2017 • Finance, Top Stories, West AfricaComments Off on Nigerians fork out N138 billion to 10 banks

    According to a report by the Vanguard, Nigerian bank customers paid N138 billion ($437 million) in electronic payment charges to the top 10 banks in the country last year. The fee represents an eye-opening 26% increase on the N109.1 billion paid by...

  • Skills gap in IT Security is widening and this is presenting a real danger to local businesses.  (Image source: Tashatuvango/ Shutterstock.com)

    Cybercrime rising across Africa’s financial sector

    January 28, 2014 • SecurityComments Off on Cybercrime rising across Africa’s financial sector

      Incidents of cybercrime continue to plague Africa’s banking sector. Regional media claim that several banking institutions are being investigated in cybercrime cases. These investigations are said to include inquiries about illegal online transfer of...

  • How do banks monetise mobile channels?

    September 15, 2011 • OpinionComments Off on How do banks monetise mobile channels?

    The era of mobile banking and mobile payments is dawning. Around the world and across the banking value chain, everyone is waking up to the huge potential of a market that is changing the way customers interact with financial institutions. Banks are...

  • Namibian telecoms unit sold

    June 8, 2011 • Mobile and TelecomsComments Off on Namibian telecoms unit sold

    ORASCOM Telecom, one of Egypt’s leading telecommunications company subsidiary, Telecel Globe has announced the sale of its Namibian business component, Powercom to Investec and Nedbank. The move, analysts here in Cairo say, was expected in order to give the...

  • African Banking Corporation selects BankWorld

    October 22, 2008 • EnterpriseComments Off on African Banking Corporation selects BankWorld

    CR2, a global provider of self service banking software solutions and African Banking Corporation have today announced that the bank has selected BankWorld, CR2’s industry leading integrated self service platform...

  • Hackers stealing $200billion per year worldwide

    September 12, 2008 • Top StoriesComments Off on Hackers stealing $200billion per year worldwide

    Hackers are having it big worldwide, the global economy is losing almost $200 billion per year to the cyber thieves; this is according to Nigerian based Global Network for Cyber Solutions (GNCS)...