Banking

GTBank Creates Habari Mobile App to Meet Customers’ Needs

Published

6 years ago

24/11/2018

By Dipo Olowookere

Leading African financial institution, Guaranty Trust Bank (GTBank) Plc, has taken banking innovation to another level with the launch of a new mobile application called Habari.

Managing Director of GTBank, Mr Segun Agbaje, who unveiled the new product at an event in Lagos on Friday, said Habari was open and free for all to download, adding that it does not require mobile banking details, but offers a wide range of services, all of which were accessible to anyone regardless of where they choose to bank.

According to him, Habari is also very simple to use and is designed with a clean user interface as well as a seamless navigation experience that ensures everything, from the music to listen to, to the bills to pay, are just two clicks away.

“By reimagining the role of banking and driving innovation in how we serve customers, we have built a platform that is less about us as bank and more about our customers and everything they need to enable their lifestyle,” Mr Agbaje said.

He stated further that, “Habari is not a mobile banking application; it is the start of our journey towards building a platform that connects our customers to everything that they need, and which continues to evolve with their lifestyle. We are excited about this journey and we are confident that our customers will see in Habari a simple, smart and exciting digital experience that adds value to their lives, every day.”

GTBank has consistently played a leading role in Africa’s banking industry. The GTBank brand is regarded by industry watchers as one of the best run financial institutions across its subsidiary countries and serves as a role model within the financial service industry due to its bias for world class corporate governance standards, excellent service, quality and innovation.

Business Post reports that Habari is Nigeria’s largest platform for music, shopping, lifestyle content and more. It also offers users direct access to the largest catalogue of local and foreign music online, a seamless shopping experience and an exciting way to connect with friends, amongst other features.

Built around the everyday lives of customers, Habari is the first mobile platform in Nigeria created by a financial institution that focuses on enabling people’s needs and lifestyles rather than providing a limited bouquet of regular banking products.

Among the exciting services available on Habari are its catalogue of local and foreign music, the largest ever in Nigeria, carefully curated videos that range from short engaging self-help kits to captivating full-length movies, and books that cut across all literary genres.

The mobile app also offers an end-to-end shopping experience that allows users buy goods and services directly from over 10,000 small businesses. On Habari users can also shake their phones to find and connect with friends, split bills, transfer and receive funds as well as pay for utilities, subscriptions and other services.

Banking

Bankit MFB Engages Partners to Expand Loan, Gaming Services

Published

3 hours ago

23/01/2025

Dipo Olowookere

By Dipo Olowookere

Efforts are being made by the management of a rapidly growing financial technology (fintech) company,

Bankit Microfinance Bank (MFB), to grow its loan and gaming services.

The firm said this is one of its targets for 2025 to solidify its position as a leading platform for comprehensive, simplified banking activities after it recorded remarkable growth in 2024 with different milestones as a result of its competitive edge and cutting-edge technology.

The digital financial services provider said it was already talking to its various partners on how to ensure customers get more access to credit facilities for different needs.

It said nothing would be spared to revolutionise digital banking in Nigeria, especially with a focus on innovation, customer protection, and financial inclusion.

Last year, Bankit MFB, within its first few weeks of operations, successfully registered over 50,000 users on its platform, a testament to its innovative simple banking approach to digital banking.

This year, the small lender has an ambitious plan to increase this by 900 per cent to a record 500,000 businesses in 2025.

Business Post gathered that in 2024, the financial institution recorded impressive transaction values, exceeding N100 million, with an impressive 90 per cent transaction success rate.

Since joining the business, it has introduced web banking and other innovative banking products, with more in development.

With the financial services sector not immune to fraud, Bankit MFB said it prioritises the protection of customers’ funds, expressing its commitment to diversifying its digital services to enhance customer experience.

Bankit MFB is a financial institution licenced to operate in the country by the Central Bank of Nigeria (CBN), which is dedicated to providing innovative, customer-centric financial solutions to individuals and others.

Banking

CBN to Unveil FX Code January 28 to Boost Market Integrity

Published

21 hours ago

22/01/2025

Aduragbemi Omiyale

By Aduragbemi Omiyale

The Central Bank of Nigeria (CBN) will on Tuesday, January 28, 2025, launch a foreign exchange (FX) code designed to boost the integrity of the market.

A statement from the banking sector regulator on Wednesday said the FX code would be unveiled at its headquarters in Abuja next week.

It explained the forex code will serve as a guideline for the ethical conduct of FX dealers in the Nigerian forex landscape.

“The Central Bank of Nigeria has approved the release of the Nigerian Foreign Exchange (FX) Code as a guideline to the banking industry to promote the ethical conduct of Authorised Dealers in the Nigerian Foreign Exchange Market.

“The bank will formally launch the code at the CBN Head Office Auditorium, Abuja, on Tuesday, January 28, 2025,” the statement read.

Banking

Stanbic IBTC Sells N148.7bn Rights Issue on NGX Invest

Published

1 day ago

22/01/2025

Aduragbemi Omiyale

By Aduragbemi Omiyale

One of the leading financial services companies in Nigeria, Stanbic IBTC Holdings Plc, has taken its N148.7 billion rights issue to the e-offering platform of the Nigerian Exchange (NGX) Plc, NGX Invest.

Subscription for the rights issue of the organisation commenced on Wednesday, January 15 and will close on Friday, February 21, 2025.

The exercise allows existing shareholders to subscribe to 2,944,772,083 ordinary shares of 50 kobo each at N50.50 per share on the basis of five new shares for every 22 ordinary shares held as of October 29, 2024.

To streamline the rights issue and enhance investor participation, Stanbic IBTC has decided to join the others, who have used the NGX Invest for a similar transaction.

Business Post reports that qualified investors can seamlessly take up their rights via the platform at https://invest.ngxgroup.com.

The chief executive of the NGX Limited, Mr Jude Chiemeka, said, “The success of NGX Invest as a capital-raising platform reinforces our commitment to providing innovative solutions for issuers and investors alike. Stanbic IBTC’s confidence in our infrastructure reflects the opportunities we continue to create for sustainable growth in Nigeria’s financial markets.”

On his part, the acting chief executive of Stanbic IBTC, Mr Kunle Adedeji, noted that the platform would enable the company to distribute its rights issues efficiently while meeting regulatory requirements and delivering value to its shareholders.

He expressed deep appreciation for the confidence shown by shareholders, emphasizing the strategic importance of the rights issue.

Mr Adedeji emphasized that the funds raised would drive growth in critical sectors such as oil and gas, with a focus on Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), and gas infrastructure. The proceeds will also support power sector reforms, including divestments in distribution companies (Discos), and explore opportunities in the debt capital market and sustainable finance to foster economic transformation.

The chief executive of NGX Group, Mr Temi Popoola, stated, “At NGX Group, we are committed to fostering innovation that drives economic growth and empowers issuers to achieve their goals. NGX Invest exemplifies how we continue to position the Exchange as the preferred destination for capital formation in Africa.