Sept 9, 2016/Ecobank Nigeria Ecobank Nigeria has launched Ecobank MasterPass QR, a Mastercard global digital system that allows people to pay for services using mobile phones. The innovative new platform will also enable micro, small and medium enterprises (MSMEs) in Nigeria to receive digital payments from millions of customers. Ecobank […]
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Nokia-Alacatel’s Nigerian offices closed by watchdog for lack of licence
Sept 9, 2016/Reuters Nigeria’s telecoms regulator has shut the offices of Nokia-Alcatel for operating in Africa’s largest economy without the necessary permit, the watchdog said on Friday. The Nigerian Communications Commission’s (NCC) spokesman Tony Ojobo said that the mobile telecoms equipment manufacturer had failed to obtain the 2 million naira […]
Nigerian interbank rate falls as matured treasury bills are paid off
Sept 9, 2016/Reuters Nigeria’s overnight naira interbank lending rate fell to around 15 percent on Friday from a peak of 35 percent on Wednesday, after the central bank injected cash from matured treasury bills into the banking system, traders said. The central bank repaid around 293 billion naira in matured […]
