BankingTechnology

FCMB Recommends Nigerian Company for WEF Award

The First City Monument Bank has expressed its delight in Babban Gona, a Nigeria-based high-impact social enterprise, for winning the Schwab Award for Social Entrepreneurship at the World Economic Forum annual meeting which held in Davos, Switzerland. Babban Gona is an award-winning and high-impact agri-tech social enterprise that focuses on making farming more financially and environmentally…
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BankingReal Estate

Aid groups lift cash limits for mortgage lenders.

The Housing Development Advocacy Network has appealed to the Central Bank of Nigeria to give waivers to mortgage banks in the cash withdrawal limit policy. The report titled “How CBN is underdeveloping the Nigerian mortgage sector” noted that appeals made to the CBN for a waiver of the policy and the request that primary mortgage banks’ withdrawals be treated as bank-to-bank transfers had…
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Real Estate

Operators project over 60% rise in housing deficit.

Experts in Nigeria’s built industry have predicted an over 60 per cent rise in the housing deficit by 2050, on the back of rising population and urbanisation worsened by economic conditions. The Treasurer of the Nigerian Institute of Building, Lagos Chapter, Philips…
FintechPodcast

Flutterwave denies that N2.9B was stolen by hackers.

African fintech unicorn Flutterwave has denied losing the sum of  ₦2,949,557,867 to hackers. It was earlier reported on Sunday that hackers stole the sum of ₦2,949,557,867, from the accounts of the company and over 300 customers were affected by the fraudulent…
FintechPodcast

The hacker allegedly stole N2.9 billion from Flutterwave.

Reports have it that ₦2,949,557,867 has been illegally transferred from the accounts of African fintech unicorn, Flutterwave. The tech giant’s counsel, Albert Onimole, reported the case to the Deputy Commissioner of Police, State Criminal Intelligence Department, Panti, Yaba, Techcabal reported. According to Onimole’s letter, the hack on Flutterwave’s accounts occurred about some weeks ago…
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Technology

TECNO PHANTOM V Fold is a game changer.

PHANTOM V Fold offers a 120Hz flagship dual screen, and a powerful 5-lens photography system for an unparalleled crease-free large-screen experience. Yesterday, TECNO’s premium sub-brand, PHANTOM, launched a new flagship smartphone, the PHANTOM V Fold, marking the…
Banking

The Central Bank approves holdco status of Zenith Bank.

The Central Bank of Nigeria has approved in principle for Zenith Bank to operate as a financial holding company. In a statement signed by the Company Secretary, Michael Otu, on Friday, the bank revealed plans to change its organisational structure. With this change, the organisation will have a banking subsidiary along with other subsidiari Part of the statement read, “The CBN has granted…
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