01/02/2024
The initial talks had seen SBM propose further payments after recovery of bad loans, but on November 16, SBM had changed its tune and claimed that Fidelity Bank was worth Sh1 billion.
01/02/2024
The group also demonstrated a commendable financial performance
12/28/2023
Taking our approach of 'share growth', we can create an enabling marketplace that benefits all participants within the payments ecosystem
12/27/2023
The firms claim that Kiwipay collected the Sh898 million from thousands of their clients, but has declined to transfer the funds to them.
12/22/2023
It’s a market that the traditional players in merchant acquiring viewed as too small, fragmented and complex to address in a cohesive and profitable manner.
12/20/2023
This is based on new revelations by the Director-General of the Debt Management Office, Patience Oniha.
12/20/2023
The funding is expected to serve an estimated 485 ministries, departments, and agencies, 240,000 registered firms, and 18 million citizens who use government e-services.
12/19/2023
The National Treasury has been running up its overdraft balance at the reserve bank in recent months with the facility representing a last-resort avenue to fund the budget deficit.
12/19/2023
The move signalled banks to increase their lending rates, with several institutions preferring to re-price the cost of new loans rather than existing credit facilities.
12/19/2023
The facility will be complemented with technical assistance from the Affirmative Action for Women in Africa initiative to boost access to finance and technical assistance to women SMEs.
12/12/2023
Co-Founder, Africa Sustainable Trade, Dr. AMA Onyerinma, revealed that the need to tackle the issues of gender inequality, noting that there is a challenge for women in entrepreneur.
12/12/2023
ZojaPay epitomizes the digitalization of payments, transcending boundaries to facilitate transactions seamlessly and securely, regardless of location.
12/12/2023
Respondents in the non-durable goods retail sector (e.g., food, beverages, groceries, cosmetics and pharmaceuticals) said that sales volumes were significantly lower compared to the 2022 holiday season.
12/06/2023
The recurring payments product, among others, is adapted to fit the financial requirements of not only each country, but also companies operating in each specific industry
12/05/2023
The sector’s decline in profit marks a rarity for the sector that has generally been growing profits.
12/04/2023
UBA is honoured to be named the Bank of the Year in these eight countries
12/01/2023
The event which, held recently at the LCCI office in Lagos, featured a panel session comprising several top functionaries across the Nigerian economy.
12/01/2023
LivingTrust Managing Director, Dr Adekunle Adewole, thanked DBN for recognising its unique efforts in supporting the growth and success of otherwise disadvantaged MSMEs.
11/30/2023
Home loans eased to 4.7% y/y – the lowest level since March 2021.
11/28/2023
This was due to continued strong net interest income and non-interest revenue growth.