Alibaba’s Ant Financial buys MoneyGram for $880m

Ant Financial, the digital payments arm of e-commerce giant Alibaba, is buying US-based MoneyGram for $880 million (£700 million). MoneyGram has about 350,000 outlets in...

Favourable conditions will aid Naira value – ABCON

The President of the Association of Bureau de Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, believes the naira has the potential to improve...

LCCI thrashes CBN for inflation fixation

The Lagos Chamber of Commerce and Industry (LCCI) has trashed the outcome of last week’s Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC)...

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...

CIBN, economists x-ray Nigeria’s outlook in 2017 tomorrow

The Chartered Institute of Bankers of Nigeria Centre for Financial Studies (CIBNCFS) in collaboration with B. Adedipe Associates Ltd (BAA)...

Mobile money feedback disappointing says NIBSS CEO

… Advocates digital media for news dissemination The Managing Director/CEO, Nigeria Interbank Settlement System (NIBSS), Ade Shonubi, has said mobile money service was yet to...

Interbank rate closes at 11.5%, as securities payment drain liquidity

Interbank lending rate at the end of market operations last week closed at 11.5 percent from 7 percent the previous week. The rate spike...

MasterCard announces new payment app

MasterCard has announced the roll out of the Identity Check Mobile, a new payment technology application that uses biometrics, including fingerprint and facial recognition,...

ACCA boosts finance professionals with Synergy Professionals approval

In an effort to enhance finance professionals, the Association of Chartered Certified Accountants (ACCA) has given Synergy Professionals the Platinum ALP certificate to...

Separated staff were adequately compensated – Heritage Bank

Heritage Bank has said that it is restructuring its workforce, but it is also “adequately compensating” affected members of staff. The bank, which sacked...

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