Airtel, Africa Plc has launched Banking service in Nigeria as its subsidiary, SmartCash Payment Service Bank Limited (SmartCash PSB), has been granted a license by the central bank of Nigeria (CBN) to commence its operation.
Airtel which made this known in a statement on May 19, 2022, noted that it now has its presence in almost 14 countries across Africa. SmartCash PSB will first be trialled at…
When Pascal Ntsama, Co-Founder and CEO of Canza Finance got admitted to Georgia Southern University to study advanced mathematics, he had vague plans of becoming a rocket scientist.
A year later, he transferred to Georgia Institute of Technology to study electrical and…
Nigerian actor Lateef Adedimeji has been officially unveiled as an FCMB brand ambassador.
This was made known to the public by the actor via his official Instagram page and FCMB official Social media page.
FCMB WROTE:
Yesterday, we unveiled Lateef Adedimeji as our brand…
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 towards compliance with the provisions of the regulations in order to become legitimate entities.
SEC had on May 13, 2022…
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…
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…