The Wharton School launched the opening of the Stevens Center for Innovation in Finance Wednesday evening with a panel discussion featuring global financial technology leaders. The featured panelists, many of whom lead fintech companies, highlighted the central role of technology…
Android banking and finance apps’ security found wanting
Many mobile finance apps are littered with bugs that could allow attackers to access users’ sensitive data, a report revealed this week. The smallest providers of mobile financial apps had the best security practices, while the larger players produced the…
Shell signs $200m with UBA to help local contractors access project finance
Royal Dutch Shell Plc’s Nigerian unit agreed a $200 million deal with United Bank for Africa Plc to help its local vendors and suppliers access project finance. According to Bloomberg, the latest deal brought Shell’s Nigerian contractor support fund to $2.4…
Five Fintech Payment Start-Ups to Watch in 2019…FinTech companies have cut a swathe across the market, eating up chunks of the traditional banking domain
Volatility is an all too common feature of the financial services sector. Mainstream banking services have suffered a loss of market share to blockchain tech in the form of cryptocurrency services, and disruptive FinTech operations. While crypto was an impact…
These 4 Nigerian banks are among the most valuable financial institutions in the world
Nigeria’s First Bank, Zenith Bank, UBA and GTBank are among the 500 most valuable and strongest banking brands in the world. An outdoor advertisement displaying UBA in Lagos (Invent Media) The Brand Finance has released its Banking 500 ranking in…
Stocks fall further, investors lose N365bn in three days
Investors in the nation’s stock market lost a total of N365bn in the last three days of trading in February. The equities market opened the month with a market value of N11.424tn, which rose to N12.200tn on February 15. The…
Payment Service Banks will complement banks on financial inclusion – Sekibo
Managing Director/Chief Executive, Heritage Bank Limited, Ifie Sekibo in this interview on the sidelines of the Vanguard Economic Summit, sponsored by the bank, spoke about the expected entrance of Payment Services Banks in the industry, listing of Heritage Bank on…
EU blacklists Nigeria for money laundering, terror financing risks
The European Commission has added Nigeria, Saudi Arabia, Panama and other jurisdictions to a blacklist of nations seen as posing a threat because of lax controls on terrorism financing and money laundering, the EU executive said on Wednesday. The list…
Deputy finance minister sacked over hidden debt scandal
Mozambique President Filipe Nyusi has sacked the country’s deputy finance minister, who has been implicated in a widening scandal over alleged fraudulent government loans totalling $2 billion. A statement from the presidency on Wednesday did not give a reason for…
CBN finances 568 agric projects with N577bn
A total of 568 agricultural projects valued at N577.3bn have been financed by the Central Bank of Nigeria under the Commercial Agriculture Credit Scheme. The CACS commenced in 2009 as part of the developmental role of the CBN to the…