MoneyGram International has announced its partnership with Etranzact to enable PocketMoni Customers in Nigeria to receive MoneyGram Money transfers from all over the world. PocketMoni is an independent mobile wallet solution offered by Etranzact, with more than 3,000 agent locations across the country providing cash-in, cash-out service to customers. A […]
World News
Fitch: Nigerian banks are unlikely to repeat 2012 profit highs
(The following statement was released by the rating agency) Nigerian banks are unlikely to see a repeat of their robust 2012 profits because of increasing pressure on earnings, Fitch Ratings says. Tougher regulations together with higher funding costs are likely to constrain profitability over the next 18 months. The central […]
UBA’s H1 Performance Driven by 20.1% Interest Income Growth
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The recent performance of the United Bank for Africa Plc (UBA) recently released Half Year (H1) 2013 unaudited result is mainly driven by 20.1 percent (20.1%) growth in interest income to N88.6 billion compared to N73.8 billion it recorded in H1 2012. Afrinvest […]
