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Meet Olanrewaju Bamisebi, Access Bank’s new Executive Director of Technology
Mercy MokahNov 2, 20265 min read
Technology Coverage
Digital Banking
Neobanks, mobile money, embedded finance, and the transformation of Africa's financial services sector.
11 articles
GTCO earns ₦55 billion from customers’ account maintenance, transfer charges in nine months
Maintaining bank accounts and transferring money generated ₦55 billion for GTCO in nine months, even as its earnings from transfer charges declined.
Chinaturum Iheoma3 min
First HoldCo spends ₦82.6 billion on IT maintenance as electronic banking revenue grows 6%
Technology maintenance costs rose by ₦14.6 billion at First HoldCo, compared with a ₦4.4 billion increase in electronic banking fee income during the same period.
TechMedia Africa3 min
CBN approves JPMorgan’s plan to establish merchant bank in Nigeria
After depositing ₦50 billion with the CBN, JPMorgan has cleared an early licensing hurdle as it prepares to enter Nigeria’s merchant banking market.
Mercy Mokah3 min
Cash outside Nigerian banks rises 10.3% to N4.92 trillion in one year
Nigerians held N458 billion more cash outside banks in September 2026 than a year earlier, highlighting continued reliance on physical currency despite expanding digital payments and tighter withdrawal limits.
Chinaturum Iheoma3 min
JP Morgan deposits ₦50 billion with CBN as it moves closer to Nigerian merchant banking licence
US banking giant JP Morgan has deposited ₦50 billion with the CBN, marking a significant step towards securing a merchant banking licence in the country.
Mercy MokahOct 20, 2026
Fintechs and telecoms could challenge banks as South Africa opens payments system
For years, banks have controlled the main route into South Africa’s payment infrastructure. A planned rule change could give fintechs, mobile operators and retailers a way in of their own, reshaping who gets to offer payment services and who gets left out.
Mercy Mokah5 min
PAPSS eyes scale after transaction volumes rise 1,000% across Africa
PAPSS is targeting mass adoption after transaction volumes rose 1,000% and its network expanded across all five African regions.
Chinaturum Iheoma3 min
Profit of South Africa’s state-owned bank jumps 47% to R7.8 billion
South Africa’s Development Bank of Southern Africa raised its profit 47% to R7.8 billion in 2026 despite weaker fixed investment.
Mercy Mokah3 min
ProvidusUnity Bank customers report failed transfers, app access issues after merger
The merger created a larger bank, but customers say digital banking problems are making it difficult to access and move their money.
Mercy Mokah3 min
MTN wants to lend directly to customers as it explores banking licences
“The big growth now, which will be the growth of the future, is actually lending,” MTN Group CEO Ralph Mupita says, as the telecom giant eyes banking licenses in furtherance of its fintech expansion.
Chinaturum Iheoma4 min
Absa wants a bigger role in Nigeria’s corporate banking market
By upgrading its existing representative office in Nigeria into a merchant bank, Absa is positioning itself to deepen its footprint in Africa’s largest economy while diversifying its earnings beyond South Africa, Kenya and Ghana, which generated more than 80% of the group’s profit in the first half of 2026.
Mercy Mokah3 min