The news about Bitnob sponsoring the league didn’t catch football fans unawares because the LMC had earlier announced last Friday that Tuesday will be the official unveiling of the deal.
The sponsorship deal, according to the LMC, was said to be a multi-year deal with an undisclosed fee.
According to Shehu Dikko, chairman of the LMC, the two parties met on Tuesday, May 17 at Radisson Blu Hotel…
Securities and Exchange Commission, banks’ agreement on crypto rules uncertain
May 24, 2022
The new regulations recently released by the Securities and Exchange Commission (SEC) for the cryptocurrency industry may soon put the commission on a collision course with deposit money banks in the country.
This is as operators in the cryptocurrency industry are working…
Cliqki is a social media marketplace for brands and influencers where content creators can create awareness for their products and services, and offer incentives to users and influencers to help promote their services.
Upon realisation that traditional social media make…
Mastercard has partnered with OPay, a seamless mobile money service provider, to grow a cashless ecosystem and advance digital financial inclusion for millions of people across middle East and Africa.
This partnership is the latest milestone in Mastercard’s emerging market strategy where the technology company is collaborating with growing Fintech’s such as OPay to expand access to digital…
Amid the decline in the prices of cryptocurrencies on the back of rising inflation rates and geopolitical unrest, analysts have outlined some of the ways investors can make returns on their investment.
In the last few days, a stablecoin, called TerraUSD (UST), and its sister…
Zenith Bank Plc and 10 others have posted a cumulative net profit of N261.991 billion for the first quarter (Q1) ended March 31, 2022.
The other banks are Guaranty Trust Holding Company (GTCO), Access Holdings, Ecobank Transnational Incorporated Plc (ETI), United Bank for…
Sterling Bank Plc has signed a memorandum of understanding (MoU) with the Nigerian Optometrist Association (NOA) to enhance capacity, reduce brain drain and increase funding for the health sector.
The funding component of the deal is expected to see the bank increasing its funding through the Central Bank of Nigeria (CBN)’s support for the health sector and extending part of its conventional…
The Aggregator Platform (TAP), an initiative conceived and powered by the employees of Oando Plc has raised over N61 million with the support of 11 implementing partners to impact 36,375 individuals in 7,272 households across 30 communities in Lagos.
TAP, also known as the…
3.021 billion shares worth N31.8 billion was recorded in 29,153 deals by investors
May 24, 2022
A turnover of 3.021 billion shares worth N31.8 billion was recorded in 29,153 deals by investors on the floor of the Nigerian Exchange Limited last week.
The volume of shares traded was, however, higher than 1.8 billion units worth N27.2 billion that exchanged hands in…
Bank of Industry records 75% profit growth, pays shareholders N7.89bn dividend
May 24, 2022
The Bank of Industry (BOI) recorded a 75 per cent increase in its Profit Before Tax to N61.15 billion in the 2021 financial period.
The Chairman of BOI’s Board of Directors, Aliyu Dikko announced the results during the bank’s 62nd yearly general meeting in Abuja.
The bank also declared a dividend payment of N7.89 billion for the financial year ended December 2021 to its shareholders, the…