October 20. 2016/UBA Plc MEC, Inc.  announced today it has entered into agreements with pan-African financial services group, United Bank for Africa (“UBA”) Plc to provide a revolutionary email-based billing, payment and banking software system called “EmailMoni.” EmailMoni represents the world’s latest fin-tech for cloud banking and social payments, and is expected […]

October 19, 2016/CBN In strengthening the electronic payments system landscape in Nigeria, the Central Bank of Nigeria took cognizance of the need for a competitive environment while promoting shared services and innovation. The Bank, in ensuring that the Guidelines on Transaction Switching Services in Nigeria support the objective for payments […]

October 18, 2016/Reuters Nigeria’s overnight interbank rate was quoted at a record high of 150 percent on Tuesday, two days after lenders placed funds with the central bank to participate in last Friday’s currency forward auction, traders said. They said few deals were done on Tuesday due to a shortage […]