Weekly Roundup: Nigerian Commercial Banks Launch Banking Services on Whatsapp Business

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Whatsapp will Soon Start Charging Business Owners and Here is What that Means

Welcome to our weekly roundup, where we bring you a summary of all the tech reviews and events that took place during the week. These range from the newly-launched Zone Tech Park for tech startups in Lagos to Nigerian commercial banks launching Banking services on Whatsapp and many more.

GT Bank and UBA Set to Launch Banking Services on Whatsapp Business

Facebook, which owns Whatsapp, recently announced a new feature called Whatsapp Business API. The API provides a new way for people to quickly start a WhatsApp conversation from an ad on Facebook. It’s a pretty interesting feature.

GT Bank and UBA Set to Launch Banking Services on Whatsapp BusinessGT Bank and UBA Set to Launch Banking Services on Whatsapp Business

Nigerian banks are taking more leaps to make banking easier and accessible to people. Guaranty Trust Bank (GT Bank) and UBA Bank are pushing their banking services onto the Whats-app Business platform.

Originally, it was targeted at small businesses, such that businesses can create profiles, and quickly interact with customers easily by using tools to automate, sort, and quickly respond to messages.

Via this platform, GT Bank aims to avail its customers a new medium to make inquiries, service requests and access its other banking services. With this new frontier, the bank expects instant response and solutions to customer queries and issues.

Catching wind of the development, UBA is also determined to launch its own services on the Whatsapp Business platform. The bank announced that LEO, its banking chatbot, will soon be available on Whatsapp Business.

According to the bank, Leo is already operational on Whatsapp but will become fully commercially available by September 2018.

With Whatsapp boasting of over 1.4 billion users,  the feature could go a long way in improving business communication. And it could be important for getting users acquainted with new service offerings.

Apparently, both banks are prepping to take advantage of these new services.

Nigerian B2B Venture Builder, Zone Tech Park Launched in Lagos

Zone Tech Park, Nigeria’s largest tech hub and B2B venture builder for tech startups, was launched during the week, in Gbagada, Lagos. The media launch of the hub featured industry stakeholders, including thought leaders, business leaders, industry experts, and the media.

Speaking at the media launch was the hub’s CEO, Toro Orero, who said that Zone Tech Park is not just a co-working space but a platform for building great companies.

https://twitter.com/zonetechpark/status/1024638342149951494

Although tech founders would make use of Zone Tech Park co-working space for free, there would be a thorough screening of these startups and their ideas before they are admitted.

Zone Tech Park would also generate its revenues from minority equity or minority share in returns of the startups via successful fundraises or corporate deals when the startups succeed and scale.

Questions and answers segments were conducted by the CEO and Founder respectively.

https://twitter.com/zonetechpark/status/1024650939842482182

It is interesting to see innovations like this coming up to foster the budding Nigerian startup scene, but more interesting would be to see really innovative ideas and startups coming out of the hub.

Kudos to the Zone Tech Park team for putting this together.

Nigeria Lost 347,604 GSM Internet Subscribers in June 2018

Over the week, Nigeria lost about 347,604 GSM internet subscribers. What could have been the cause? Could it be lack of electricity, or the Internet itself?

Although a ready reason for this decline cannot be readily obtained, it is possible that a good number of users migrated to other services providers (especially the VOIP operators i.e. Smile, Swift, Ntel). This is because VOIP subscribers figure appreciated from 321,634 in May 2018 to 345,603 in June 2018.


The announcement by Google of the plan to roll out about 200 Google Stations across five cities ( Lagos, Kaduna, PortHarcourt, Ibadan, and Abuja) in the country by 2019 offers a huge respite in the nearest future. This will provide coverage for over 10 million Nigerians across these locations. In itself, these may result in more losses for the Telco service providers.

Three Nigerian Students Win Gold at 2018 World Adolescent Robotics Competition
A team of three Nigerian students: Tawakalitu Giwa, Oluwaseun Omotayo, and Ayomide Adetunji made Nigerians proud to have soared at the 2018 World adolescent Robotics Competition in Guiyang City, China after winning for themselves Gold medals for proper documentation of processes on engineering note, at the event.


The team was sponsored by Aramex and Doculand Nigeria Limited and was the only other Africa country, besides Gabon, invited for the competition.

This is really a great start for our Nigerian students. congratulations to them.

MTN Nigeria to Commence Commercial Deployment of 5G Technology before 2020

Telecommunications company, MTN Nigeria has announced that it will begin to commercially deploy 5G technology in Nigeria before 2020. This will enable the company to provide better data services at a more affordable cost to its subscribers.

It is also expected that with adequate spectrum allocated to the 5G standard, the increased capacity would result in lower data cost to Nigerians. The company claims that the technology is at least 100 times faster than 4G. And now, the plan is to deploy the technology in Nigeria where the company currently has a 4G license.

Thank you for going through the weekly roundup with us. Have a great weekend!


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