Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Bank leaders explore e-commerce opportunities

11 November 2013, 15:54

Lagos - The Committee of Electronic Banking Industry Heads, (CeBIH) will later this week hold a conference aimed at exploring opportunities for growth in the country’s burgeoning electronic payment market.

Speaking ahead of the conference scheduled for Thursday, the chairman of the body, Chuks Iku, said that Nigeria was yet to fully explore such opportunities despite the e-payment market experiencing exponential growth in the last two years.

“More than half of the potential for growth has not been realized,” he said.The theme for Thursday’s conference, scheduled for Uyo, is “E-payment System: Harnessing Opportunities for Growth and Profitability.”

Iku said the main the purpose of the conference was to prompt e-payment operators to probe deeper with a view of identifying unutilised opportunities.

To achieve this purpose, Iku said the conference will feature presentations from top players in the industry, the World Bank and the regulatory bodies. These include Ade Shonubi – Managing Director of Nigeria Interbank Settlement System (NIBSS), Dipo Fatokun, Director of Banking and Payments System at the Central Bank of Nigeria (CBN), Duncan Otieno, the Managing Director of MobiComm, Kenya and Frederik Eijkman, Managing Director of PEP Intermedius Kenya.

Tunde Lemo, Deputy Governor of CBN will deliver the keynote address while top officials and state executives of Akwa Ibom State, led by Governor Godswill Akpabio, are scheduled to attend the event.

The presentations and discussions at the event will focus on such major issues as agent banking, mobile money, EMV standards and its potentials for card growth and profitability, which are in line with on- going efforts by the CBN to boost the attainment of the financial inclusion goals in the country.

Established July 2009, CeBIH comprises of all heads of e-business/e-channels and cards services of all the banks in Nigeria.

The primary objective of the Committee is to promote electronic banking services in line with global best practices and serve as a forum for sharing ideas and experiences by the E-banking industry Heads.

- CAJ News


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...