In an episode of the Flip Africa podcast, sponsored by MFS Africa, the discussion focused on the African labour market and tech companies’ efforts to address related issues. Our COO, Mxolisi Msutwana, was a guest on the show, providing insights into the acquisition of Baxi by MFS Africa and the opportunities it presents for Nigerians […]
Agent banking, also known as agency banking, is a form of financial service provision that allows banks to offer financial services through third-party agents. This model is rapidly gaining popularity in Nigeria, where it is being used to extend financial services to previously underserved communities. Agent banking has become an important tool for promoting financial […]
What is a POS or point of sale (POS) System? If you have ever purchased something at a store, chances are you have interacted with a point of sale (POS) system. A POS system is a computerized system that enables businesses to complete transactions with their customers. In this blog post, we will explain what […]
The launch of the new naira note was announced by the Central Bank of Nigeria on October 26, 2022, in an effort to boost the economy and combat the financing of terrorism and monetary fraud. All of the characteristics of the new NGN200, NGN500, and NGN1000 banknotes were kept, with the exception of their colors […]
The Benefits of Nigeria’s Redesigned 200, 500, and 1000 Naira Notes. The recent redesign of Nigeria’s 200, 500, and 1000 naira notes has caused a buzz in the country, and the deadline to exchange old notes for new ones has been extended to February. The new notes feature updated security features and a fresh look, […]