The Managing Director, PalmPay Nigeria– one of Africa’s leading fintech platforms, Chika Nwosu has restated the commitment of the company towards the adoption of cashless payments across the country. Nwosu …
Banking
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BankingBusinessFinanceTech
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BankingFinanceNewsTech
Smartphone penetration, internet connectivity innovation pivotal to increased access to mobile money services -M D, PalmPay, Chika Nwosu
by Reporterby ReporterThe Managing Director, PalmPay, Chika Nwosu has identified smartphone penetration, internet connectivity and innovative technologies as key factors that are crucial to increased access to mobile money services in Nigeria. …
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BankingBusiness
Dangote Cement, FBNHoldings, others lift equity market by N53bn
by Reporterby ReporterThe equity market rebounded on Thursday from its previous session’s loss, gaining N53 billion. Investor interest in key stocks such as Dangote Cement, FBN Holdings, Guaranty Trust Holding Company, GTCO, …
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AppointmentBanking
Fidelity Bank strengthens leadership with new board appointments
by Reporterby ReporterIn a strategic move to sustain its impressive performance, leading financial institution Fidelity Bank Plc has announced significant changes to its Board of Directors, effective January 14, 2025. …
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BankingFraudInvestigationNews
EFCC arraigns Otudeko, Ex-First Bank MD Onasanya Monday over alleged N12.3bn fraud
by Reporterby ReporterThe Federal High Court sitting in Ikoyi, Lagos has fixed Monday, January 20, 2025, for the Economic and Financial Crimes Commission (EFCC) to arraign the Chairman of Honeywell Group, Chief …
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BankingNewsTech
PalmPay restates commitment to safeguarding finance of app users from Fraudsters
by Reporterby Reporter…identifies ways to Stay Safe from Fraudsters  PalmPay, a leading fintech company has restated its commitment to safeguarding the finances of over 35 million users of the app from fraudsters …
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Banking
Firstbank clarifies misleading reports, reassures customers of gold standard banking services
by Reporterby ReporterOur attention has been drawn to recent media reports regarding a commercial transaction between First Bank of Nigeria Limited (FirstBank) and General Hydrocarbons Limited (GHL) that is currently a subject …
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The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation appreciated by 1.80 per cent each, to close the week at 105,451.06 and N64.303 trillion respectively. These are against 103,586.33 …
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Banking
Outraged First Bank shareholders seek to stop ‘strange’ N350bn private placement
by Reporterby ReporterOutraged shareholders of First Bank, Nigeria’s oldest financial institution are seeking to stop the shocking bid by Femi Otedola, chairman of the holding company of the bank to embark on …
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Banking
Expanding Footprint – Nigeria’s Firstbank sets sights on Ethiopia, Angola, Cameroon
by Reporterby ReporterBuilding on its long-standing presence in sub-Saharan Africa, First Bank of Nigeria Limited is gearing up for its next growth phase as financial systems across the continent open up to …