Tag: banking
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Benin residents experience miserable Christmas
Benin residents experienced a miserable 2018 Christmas as long queues surfaced at bank cash points known as the Automated Teller Machines (ATM) and Points of Sale (PoS) in Benin City, Edo capital, according to checks. Most of the machines had failed to dispense cash during the Yuletide with scores of residents returning home disappointed. Some…
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Banking sector records N32.90trn transactions in Q2 – NBS
The National Bureau of Statistics (NBS) says a total of 509,668,433 transactions valued at N32.90 trillion was recorded in the banking sector during the second quarter. The NBS stated this in its “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength (Q2 2018)’’ report released in Abuja. According to the report,…
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![Southern Nigeria ancient community celebrates ATM advent [Photos]](https://thenewsguru.ng/wp-content/uploads/2018/05/ImageFile-69.jpg)
Southern Nigeria ancient community celebrates ATM advent [Photos]
A Delta State community, Orerokpe, hub of ancient civilization in Southern Nigeria and headquarters of the Okpe local government area on Monday marked and celebrated the inception of automated teller machine (ATM) services. The advent of ATM in the community, championed by immediate past chairman of the local government, Godwin Ejinyere, marked a new era…
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Stanbic IBTC Bank offers bundled-benefit banking services to enterprises
Stanbic IBTC Bank, a member of Stanbic IBTC Holdings PLC, has introduced a new banking product that will help small and medium scale enterprises save on cost and optimize their Business margins/revenues. The product, Biz-Smart Account, enables Enterprises open and operate the account without paying maintenance fees and other related charges. Biz-Smart Account is a…
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Access Bank customers set for ‘Omnichannel experience’
Nigeria’s foremost bank, Access Bank Plc has said it is set to provide an Omnichannel experience for its teeming customers. Access Bank made this known in a press release made available to TheNewsGuru in which the bank stated it has upgraded its mobile and Internet banking platforms, and introduced alongside, a range of new and…
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Upgrade or go moribund – PayPal cofounder tells banks
Given the rates at which banks embark on abusive practices, especially unexplainable deductions, PayPal co-founder, Max Levchin has said people don’t trust traditional banks any more, especially millennials; stressing that banks need to upgrade their products to survive. “Not all banks, not all financial institutions are created equal. I speak with a lot of them…
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Financial inclusion : First Bank takes banking to campuses, markets
First Bank Nigeria Ltd., is organising “Campus Storms” to provide students and ivory tower communities the opportunity to experience accessible banking offerings at their doorsteps, to strengthen the financial inclusion initiative. A statement by the bank on Tuesday in Lagos said that it would be at the University of Benin (UniBen) and the New Benin…
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CashlessAfrica Expo 2017 holds March in Lagos
CashlessAfrica Expo 2017 event as part of the MobileMoneyAfrica conference series has been announced to hold in March 2017 in Lagos by the event organizers. According to a press release by the Event Director, West Ekhator, the CashlessAfrica conference, which is a platform for financial services supply side actors to share their innovation, will hold…