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Stanbic IBTC Eases Banking Access with Stanbic Mobile App

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Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has unveiled its Stanbic IBTC MobileMoney App for smartphones running on BlackBerry, iOS and Android operating systems, as s part of its commitment to offer value-added products and services that suit their lifestyles, besides offering access to basic financial options via a secure mobile application.

a statement said that the MobileMoney App, operates on a user-friendly platform that offers users a convenient way to carry out transactions from the comfort of their mobile devices.

“With the smartphone app, customers can enjoy MobileMoney services such as airtime purchase, funds transfer to all bank accounts, bills payment, money transfer to mobile phone subscribers, and much more. The application is free and available for download to both customers and non-customers of the bank, including individuals who do not own a bank account,” the statement said.

The statement quoted Obinnia Abajue, Stanbic IBTC’s executive director, Personal and Business Banking, as saying the launch is another step towards leveraging evolving technologies to bring affordable financial services closer to Nigerians, in line with the bank’s financial inclusion initiative.

“When we launched Stanbic IBTC MobileMoney, we set out to deliver a service that can make a big difference in the lives of Nigerians by providing them with a fast and convenient means of sending and receiving money. Today, we are delighted that we have been able to deliver an app that supports the service by providing users with an instant suite of financial options on their mobile devices in a convenient and highly secure environment, and we plan to keep building on that,” he said.

He highlighted access to a means of secure financial management by individuals without bank accounts and lowered transaction costs of money transfer as key benefits of Stanbic IBTC Bank’s mobile app service.

“By enabling people to use their mobile phones as a tool for carrying out basic financial transactions, we hope to deliver long-term benefits for both our customers and the Nigerian economy,” he explained.

To benefit from the service, customers with mobile phones that operate on BlackBerry OS are required to download and install the Stanbic MobileMoney App from the BlackBerry App World platform. Users of iPhones can download the app, which is also compatible with iPad and iPod Touch, from Apple’s App Store, while users of Android-powered phones can get the app from Google’s Play Store.

Stanbic IBTC’s MobileMoney app has also been linked to its Internet Banking service, enabling customers to access a host of Internet Banking services through their smartphones. The channel supports a wide array of financial transactions such as funds’ transfer both within and outside the bank’s portal, bills payment and foreign exchange transfers to banks within and outside Nigeria, among others.

On his part, Stanbic IBTC Bank’s Head of Mobile Banking, Mr. Yinka Shorungbe said: “We are continuously looking for ways to bring new and innovative products and services to our customers. Our customers are increasingly desirous of having access to financial services when and where they want it. So we have now given them a new service that meets that demand. As their needs evolve, so will the services and products that we offer them,” he stated.

Stanbic IBTC Holdings PLC, is a member of Standard Bank Group, a 150 year old financial institution, and operates through three major business areas namely personal and business banking, corporate and investment banking as well as wealth. With a wide array of solutions to suit various segments in the private as well as public sectors, the organization’s access to the financial resources and expertise of Standard Bank, coupled with its local expertise and market understanding, put it in a unique position to offer excellent banking and financial services to a growing clientele.


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E-Business

NITDA Takes Over National Digital Architecture System

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Nigeria has taken a major step toward strengthening its digital governance framework as the National Information Technology Development Agency (NITDA) officially assumes control of the Nigeria Government Enterprise Architecture (NGEA) infrastructure.

NITDA Takes Over National Digital Architecture System

The handover ceremony held in Abuja, marks the culmination of a high-level partnership with the Korea International Cooperation Agency (KOICA).

This transition signals a shift from fragmented IT projects to a unified, disciplined approach to national digital investment.

The NGEA initiative forms a core part of the e-Government Masterplan 2.0 (Ne-GMP 2.0), aimed at establishing a unified and structured approach to managing government IT investments and digital resources.

The framework is designed to ensure that technology deployment across public institutions aligns with national priorities while improving efficiency and accountability.

With the system now operational, government agencies are expected to adopt more integrated digital processes, allowing seamless data sharing and interoperability.

This is anticipated to reduce duplication, strengthen risk management, and translate policy objectives into measurable digital outcomes.

Over the past two and a half years, Nigerian technical experts worked closely with their Korean counterparts to develop the architecture framework, create reference models, and execute pilot programmes in key institutions.

These include the National Identity Management Commission, Nigeria Customs Service, Nigeria Immigration Service, and NITDA.

Officials say the NGEA represents a shift from fragmented digital efforts to a more coordinated, citizen-focused system.

The infrastructure is hosted by Galaxy Backbone Limited, providing a secure and reliable platform for nationwide deployment.

Looking ahead, NITDA is expected to work with government stakeholders to expand and sustain the system, while the Federal Ministry of Communications, Innovation and Digital Economy will provide policy guidance to ensure its adoption across the country.

 

 


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FG Shifting Focus to “Meaningful Connectivity” to Drive Inclusion  – Minister

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Bosun Tijani, minister of Communications, Innovation and Digital Economy, has said the government is shifting focus from expanding access to ensuring “meaningful connectivity” that drives economic growth and inclusion.

FG Shifting Focus to “Meaningful Connectivity” to Drive Inclusion  - Minister

Bosun Tijani, minister of Communications, Innovation and Digital Economy

The minister made the statement on Friday while addressing stakeholders at the inauguration of board members of the Universal Service Provision Fund (USPF) in Abuja.

He said that although Nigeria had made significant progress since the introduction of GSM services, millions of people, particularly in rural and underserved communities, remain either unconnected or unable to fully benefit from digital services.

Dr Tijani highlighted ongoing investments in digital infrastructure, including plans to deploy 90,000 kilometres of fibre optic network and nearly 4,000 telecom towers nationwide.

He said initiatives under the USPF had improved access through projects such as rural connectivity and digital facilities in schools but stressed that the next phase must prioritise effective usage.

“It is not enough to connect a community. We must ensure that schools can teach with digital tools and that small businesses can access market opportunities,” he said, citing a pilot project in the Kura community where connectivity has enhanced access to communication, education and healthcare.

Aminu Maida, executive vice chairman, Nigerian Communications Commission (NCC) also called for a shift towards meaningful connectivity, noting that while data usage had grown significantly, it remained concentrated in urban areas.

According to him, recent data shows that telecom usage has increased by about 160% over the past two years, largely driven by urban demand.

“When we drill down, we see that a lot of that growth is actually in urban centres. So, the gap between those who are not connected or not meaningfully connected is growing,” he said.

Dr Maida added that the trend underscored the need for the USPF board to intensify efforts to bridge both access and usage gaps across the country.

Both officials emphasised the importance of collaboration, sustainable investment models and improved digital literacy to ensure that connectivity translates into real economic benefits for Nigerians.

 

 


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Jury Finds Meta, Google Liable for Woman’s Social Media Addiction

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A jury in Los Angeles has found technology companies, Meta and Google liable for contributing to a young woman’s social media addiction, in a case being described as a landmark ruling.

Jury Finds Meta, Google Liable for Woman’s Social Media Addiction

The 20-year-old woman, identified only as Kaley, argued that she became addicted to Google’s YouTube and Meta’s Instagram from an early age due to their attention-driven design features.

According to her testimony, she began using YouTube at the age of six after downloading the app on her iPod Touch to watch videos about lip gloss and online games.

Kaley told the court that she joined Instagram at nine, bypassing parental restrictions put in place by her mother, and spent extended periods on social media.

The trial, which lasted about a month, with arguments and evidence from both sides.

Jurors also heard testimony from Mark Zuckerberg, chief executive, Meta and Adam Mosseri, Instagram head.

However, Neal Mohan, YouTube chief executive, did not testify.

The jury found that the companies were negligent in the design of their platforms and failed to adequately warn users about potential harms. Meta and Google were ordered to pay the woman $3 million in damages.

Jurors also recommended additional punitive damages, including $900,000 against YouTube and $2.1 million against Meta, according to company spokespersons.

The jury apportioned 70 per cent of the responsibility to Meta and 30 per cent to YouTube.

Kaley was present in the courtroom when the verdict was delivered, alongside parents of other teenagers who say they were harmed by social media use. Both companies said they plan to appeal the decision.

“We respectfully disagree with the verdict and will appeal. Teen mental health is profoundly complex and cannot be linked to a single app. We will continue to defend ourselves vigorously as every case is different, and we remain confident in our record of protecting teens online”, a Meta spokesperson said.

José Castañeda, Google spokesperson, said the case misunderstands YouTube, which is a responsibly built streaming platform, not a social media site.


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