Groundbreaking! 6 Nigerian Banks Now Have Female MDs
GTB, FCMB, Fidelity and other banks have appointed their first female CEO to run their banking business. Facebook will invest up to $1bn in creators while Netflix wants you to play games on its app.
MARKET: Nigeria Stock Exchange (NSE) top gainers and bottom losers.
*Stock data as of the market close, cryptocurrency data as of 5:00pm ET. Here's what these numbers mean.
Nigerian Stock Exchange
Top Gainers —-> Price (NGN) | Change
CAP —-> 20.80+ | 9.47%
UCAP —-> 6.50+ | 3.17%
OANDO —> 3.29+ | 2.81%
ACCESS —-> 9.20+ | 2.22%
JAPAULGOLD —-> 0.51+ | 2.00%
UBA —-> 7.75+ | 1.97%
Bottom Losers —-> Price (NGN) | Change
CHIPLC —- > 0.59- | 9.23%
FTNCOCOA —-> 0.41- | 8.89%
UNITYBNK —-> 0.54- | 8.47%
ABCTRANS —-> 0.33- | 8.33%
REGALINS —-> 0.45- | 8.16%
VERITASKAP —-> 0.25- | 7.41%
*Monetary values are quoted in Nigerian Naira (NGN) unless otherwise stated. [SOURCE]
** This numbers are for data sake and does not represent financial advice
Groundbreaking! 6 Nigerian Banks Now Have Female MDs
GTB has appointed Miriam Olusanya as its Managing Director/CEO, the first woman to occupy the position since the bank was established in 1990.
FCMB announced Yemisi Edun as its MD/CEO.
On the 1st of January 2021, Nneka Onyeali-Ikpe assumed office as the MD/CEO of Fidelity Bank Plc.
More women are being appointed to lead affairs at commercial banks in Nigeria. We have - Ireti Samuel-Ogbu (Citibank Nigeria), Halima Buba (SunTrust Bank), and Tomi Somefun (Unity Bank).
Source: Bella Naija
Facebook is Investing $1 Billion in Creators
At the end of 2022, Facebook would have invested over $1 billion in creators on its platform - a new way for creators to earn money for the content they create on Facebook and Instagram.
This investment will include new bonus programs that pay eligible creators for hitting certain milestones when they use Faceboks’s creative and monetization tools.
Also, Facebook intends to provide seed funding for creators to produce their content.
Source: Facebook
Netflix Plans to Offer Video Games in Push Beyond Films, TV
Netflix hired Mike Verdu to lead its expansion into video games. Mike was a former Electronic Arts Inc. and Facebook Inc. executive to lead the effort.
He will join Netflix as vice president of game development, reporting to Chief Operating Officer Greg Peters, the company said on Wednesday.
Verdu was previously Facebook’s vice president in charge of working with developers to bring games and other content to Oculus virtual-reality headsets.
The idea is to offer video games on Netflix’s streaming platform within the next year. The games will appear alongside current fare as a new programming genre -- similar to what Netflix did with documentaries or stand-up specials.
Source: Bloomberg
Tiktok Was The Most Downloaded And Highest Grossing Non-Game App Worldwide In H1 2021
TikTok’s ByteDance-owned app surpassed YouTube in both the US and the UK for average time spent per user, per month on Android as of May 2021.
According to a new report from analytics firm Sensor Tower, TikTok was also the most downloaded and highest-grossing non-game app worldwide in the first half of 2021.
The app reached nearly 383 million first-time installs globally and approximately $919.2 million in consumer spending in the first half of 2021.
Source: Music Business Worldwide
Nigeria’s GreenHouse Lab Launches Pan-African Fintech Accelerator
GreenHouse Capital is a leading African fintech investment fund and platform focused on supporting early-stage companies and world-class emerging market entrepreneurs building the next wave of innovative technology companies.
It has invested in leading companies like Flutterwave, MAX.ng and Wallets Africa, and believes in “founders backing founders” and is home to Africa’s leading accelerator programmes for women-led and fintech startups.
Source: Disrupt-Africa
A Deep Dive into The Activities of PoS Agents in Nigeria
Emmanuel travelled to Osun State from Lagos State on a busy Friday afternoon and made a stop at Ibadan, the capital city of Oyo State, where it was raining heavily.
With the cost of transportation sometimes increasing with torrential downpours, his situation worsened because he travelled cashless.
The irony is that despite the push for a cashless society by bank mobile apps, digital banks, and other industry players, Nigeria’s economy remains predominantly cash-based.
In need of cash to continue his journey and with no ATM in sight, a point of sale (POS) kiosk — from which he promptly withdrew money — caught his attention.
Recounting his experience on his WhatsApp status later in the day, he called POS agents “Super Agents who swoop in and save the day.”
Source: Techpoint
A bank at Every Corner Store: Agency Banking is Transforming Nigerian Business
Agency banking is one arm of mobile payments.
“Agency banking is really a distribution channel for last-mile delivery,” said Raliat Sunmonu, vice president of the Middle East and Africa Program Management at Accion, a global fintech impact investor.
According to data analyzed by Alliance for Financial Inclusion (AFI) in an August 2018 report, an estimated 140 million or 87% of Brazil’s adult population was banked at the time, up from 60.8% a decade ago, partly thanks to banking agents.
In 2007, Safaricom, the country’s biggest telecoms company, introduced M-Pesa, its mobile money service, a combination of mobile wallets that serve as bank accounts for customers and agent services.
Since 2009, the Central Bank of Nigeria (CBN) and some local fintech startups have been aiming to replicate the success of agent banking and mobile money models in Nigeria.
Source: Rest of the World
Netflix and Chill Just Got a Whole Lot Cheaper for Africa
Netflix has announced a mobile-only subscription starting at $3.99— that’s more than half the price of its basic subscription plan.
The new plan caters for the majority of its African audience who stream Netflix from their mobile.
The service is currently available to users in Nigeria, Kenya, South Africa and other SubSaharan countries.
Netflix also launched a Play Partial Download feature that allows users to play Netflix videos that haven’t been downloaded completely.
But this news isn’t exactly unexpected, given the fact that Netflix’s been in a streaming battle with two other African SVOD elephants, iRokoTV and Showmax.
Source: Techcabal