E-Financial
ALAT by Wema Returns With ALAT Talk Series 3.0 This October

ALAT by Wema, Nigeria’s first fully digital bank, will host the third session of its Talk Series on Thursday, October 28, 2021, via teleconferencing application, Zoom.

L-R: Akah Nnani, Actor; Claire Nnani, Artist; Hannah Jonathan (Soul Spice), Sex Therapist and Funmilayo Falola, Head of Marketing Communications and Investor Relations, Wema Bank will speak at the third edition of the ALAT Talk Series.
The Talk Series is a virtual session for young Nigerians to exchange ideas and insights about life, relationships, technology, and finance, offering them informed opinions from experts and other experienced young professionals who are knowledgeable in various areas.
This edition, themed ‘Relationship, Love and Work: How To Juggle It All‘, will provide young Nigerians with the skills and information that will assist with combining a hectic work lifestyle with a healthy sex/love life.
Akah and Claire Nnani, actor, and artist; Hannah Jonathan, Sex Therapist and Funmilayo Falola, Head, Marketing Communications and Investor Relations, Wema Bank, have been confirmed as speakers for this session. The event will also be moderated by multi-talented media personality and co-host of hit YouTube show, OffAir, Gbemi Olateru-Olagbegi.
The Nnanis will share more details about their partnership and speak about “Relationship and Work: Lines Not to Cross,” while Hannah Jonathan will discuss “Managing Sexual Depression and Embracing a Healthy Sexual Lifestyle.” Funmilayo Falola, will share insights from her personal and professional experience on “Juggling Finance and Relationship Decisions”.
Healthy work-life balance, especially during the pandemic, has been one of the biggest issues for young professionals across the world. The audience will have the opportunity to send in questions before the event using #ALATTalkSeries on social media or via the live chat option during the session.
According to a statement by Mrs Falola, “We are fully committed to encouraging young Nigerians to build meaningful partnerships while maintaining financial independence and developing their business skills. With the Talk Series, we are encouraging young professionals and other young Nigerians to discuss critical issues in a safe environment and find solutions with peers and other experienced minds.”
Akah Nnani, a Nollywood Actor and Youtube content creator, has starred in Nollywood favourites such as The Royal Hibiscus Hotel, Tinsel, Jenifa’s Diaries and Omo Ghetto The Saga. He is currently starring in a new ShowMax series, ‘Ghana Jollof’ alongside comedian, Basketmouth.
Claire Idera Nnani runs an independent design workshop in Lagos and teaches students. She has previously worked as a freelance fashion designer and illustrator and boasts of a robust portfolio with clients like Lisa Folawiyo, Zashadu, Refashion Africa, Grey Velvet, Hugo Boss amongst many others.
Hannah Jonathan is a certified life and sex coach whose goal is to help singles and couples find joy in sexuality and sensuality.
Funmilayo Falola currently heads the Marketing Communications and Investor Relations function in Wema Bank.
She has over 16 years of experience in the marketing and communications sector and has held various managerial positions in different companies within and outside the sector.
ALAT by Wema has continually shown support for young Nigerians across the country through various youth-friendly initiatives, including a partnership with SociaLiga and other initiatives tailored towards the youths.
The company has also won numerous awards, such as the Best Digital Bank and Best Mobile App in Nigeria at the 2017 World Finance Awards, Best Digital Bank in Africa at the 2018 Asian Banker Awards, amongst many others.
E-Financial
Nigerian Banks End Years of Embargo, Resume Intl Transactions on Naira Cards

Nigerian banks have resumed international transactions on naira-denominated debit cards, marking a significant shift in banking operations for customers who rely on foreign payments.
This is coming nearly three years of suspension.
United Bank for Africa (UBA) and Wema Bank, in separate communications to their customers, announced the restoration of international payment services on their naira cards.
In a notice to its customers, UBA said the reactivation of international transactions on its premium naira cards aligns with its commitment to delivering improved and seamless banking experiences.
“We are pleased to inform you that all UBA Premium Naira Cards, including Gold, Platinum, and World variants, are now enabled for international transactions,” the bank stated.
“This means you can now use your Premium Naira Card for global payments — including online shopping, POS, and ATM transactions — with ease and flexibility. If you haven’t used your card recently, now is a great time to rediscover the convenience and prestige that comes with being a UBA premium cardholder.”
Similarly, Wema Bank announced that its customers can now make dollar payments on international platforms using their naira Mastercards.
“Your Wema Naira Mastercard just went global!” the bank said. “Now you can pay in dollars on all your favourite international platforms — Amazon, eBay, AliExpress, Netflix, Spotify, YouTube.”
The development marks a major relief for Nigerian customers who have had to rely on dollar cards or alternative payment methods since most banks suspended international usage of naira cards in 2021 due to foreign exchange scarcity.
E-Financial
Flutterwave Secures 20 more US Money Transmitter Licences

Flutterwave, Africa’s leading payments technology company, today announced the relaunch of its flagship remittance solution, Send App, across U.S. states following its newly acquired Money Transmitter Licences (MTLs).
This comes after Flutterwave secured 20 additional MTLs in the U.S., adding to the 14 licenses the brand has held since 2023.
Altogether, this achievement raises Flutterwave’s total number of direct licenses to 34, allowing the company to operate across many U.S. states and territories without partners or intermediaries.
Users in the U.S. can now send money to Nigeria, Ghana and Egypt, unlocking new remittance corridors that were previously unavailable.
Alongside this expansion, the onboarding process has been streamlined with a quick ID check, making it faster and easier for new users to get started.
Additional improvements include optimised payment support for US-issued Visa and Discover cards, enhanced security measures to safeguard transactions and maintain compliance, and improved in-app flows for a simpler, more efficient sending experience.
This return also highlights Flutterwave’s commitment to delivering a seamless, secure, and regulatory-compliant user experience for all Send App customers in the U.S. Users can now send money from DC, Georgia, Maryland, North Carolina, Michigan, South Carolina, Tennessee.
Other U.S. states and territories where Send App by Flutterwave supports outward remittances include Alaska, Arizona, Arkansas, Delaware, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Minnesota, Mississippi, and Missouri, Nebraska, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Puerto Rico, Rhode Island, South Dakota, Utah, Washington, West Virginia, Wisconsin, and Wyoming.
Commenting on the relaunch, Olugbenga “GB” Agboola, Flutterwave Founder and CEO, said, “By expanding our reach and enhancing our services, we are empowering millions of Africans in the U.S. to maintain strong financial ties with their home countries, support their families, and contribute to economic development across the continent. Additionally, we are staying true to our core mission of bridging Africa with the global economy and vice versa.”
Earlier this year, Flutterwave integrated Swap into Send App for seamless FX transactions and strengthened its services in Ghana by securing approval for inward remittance from the Bank of Ghana.
E-Financial
Court Affirms NIBSS Authority to Manage BVN

Federal High Court in Abuja on Friday affirmed the authority of the Nigeria Inter-Bank Settlement System (NIBSS), to manage the Bank Verification Number (BVN), database across the country, in line with the Central Bank of Nigeria (CBN), Act and other relevant banking laws.
This is according to a judgment delivered by Justice James Omotosho on Friday.
Wolemi Esan, senior advocate of Nigeria, NIBSS’s counsel, and Kofo Abdulsalam-Alada, lead counsel for the CBN, among others, had sought a restraining order to prevent any institution in Nigeria from challenging the agency’s statutory authority to maintain and manage the BVN database.
This comes as NIBSS had alleged that Digital Rights Lawyers Initiative filed multiple suits, either directly or through proxies, challenging its authority to manage the BVN database and claiming that such management violates constitutional privacy rights.
However, Justice Omotosho, delivering his judgment, said the BVN does not infringe on the constitutional right to privacy.
“The initiative does not infringe on the constitutional right to privacy but rather serves as a necessary tool for safeguarding public interest and enhancing financial security.
“NIBSS has the power to manage the BVN,” the judge said, citing relevant CBN laws.
“The court grants the reliefs of NIBSS as prayed,” he stated.
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