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Finance
Access Bank Promotes 800 Staff, Transits To Holdco Structure
Access Bank Plc has promoted 800 employees after a transparent and robust performance management review in line with global best practices.
This announcement comes as the financial giant shores up its transition to a Holding…
Airtel Africa Gets Super Agent License To Boost Financial Inclusion
The Central Bank of Nigeria (CBN) has granted a super agent license status to one of the subsidiaries of Airtel Africa Plc, Airtel Mobile Commerce Nigeria Limited.
The super agent license which is different from the payment service…
Polaris Bank Begins Nationwide Roadshow For Non-oil Exporters
To realise Nigeria’s quest to earn the needed foreign exchange, diversify its economy and make locally-produced goods competitive, globally, Polaris Bank has commenced a nationwide business forum to sensitize exporters on inherent…
Why Fintechs Are Struggling By Ecobank Chief
The Group Head, Payments, Cash Management and Client Access, Ecobank Group, Isaac Kamuta has said that lack of corporate governance structure is a reason why most FinTechs are finding it difficult to scale up.
"A lot of FinTechs…
AfDB Okays €9.8m For Venture Capital Investments In Africa
The African Development Bank Group (AfDB) has approved €9.8 million support for venture capital investments in Africa.
The AfDB stated this in a statement on Tuesday, noting that the funding would serve as support for the…
Afreximbank’s Total Assets Grow 13.4% To $22bn in 2021
Afreximbank Group has grown its total assets to about $22 billion indicating a growth of 13.4 per cent from $19.3 billion recorded in 2020.
The development bank achieved this within a year at the end of 2021 operational year owing to…
CBN’s eNaira Speed Wallet App Records 756,000 Downloads In Six Months
The Central Bank of Nigeria (CBN)'s eNaira speed wallet app, Africa’s first digital currency, has recorded 756,000 downloads in six months.
The CBN had in October 2021 unveiled the eNaira apps- eNaira speed wallet and eNaira speed…
British PM Boris Johnson And Finance Minister To Be Fined Over Lockdown Parties
Britain's Prime Minister Boris Johnson and his finance minister Rishi Sunak are to receive fines for breaching strict coronavirus lockdown rules, the government said on Tuesday, prompting calls for them both to resign.
Police have been…
MTN Ready To Begin Banking Operations
MTN Nigeria Plc will soon begin to compete with traditional banks to pay customers following the final approval from the Central Bank of Nigeria (CBN) for it to operate as Momo Payment Service Bank Limited…
NDIC To Seek MFBs’ Inputs On Template For Customers’ Reimbursement
The Nigeria Deposit Insurance Corporation (NDIC) said it would seek the inputs of microfinance banks (MFBs) to a new platform designed for prompt payment of depositors of failed banks.
The Corporation has developed a Single Customer View…