Access Bank opens applications for its 4th Womenpreneur Pitch-a-Ton Africa
Chisom NwatuJuly 25, 2022
BY Chisom Nwatu. Access Bank has called on women entrepreneurs globally to apply for the 4th edition of its Womenpreneur Pitch-a-Ton Africa in continuation of its effort to empower female entrepreneurs with financial and business skills. Abiodun Olubitan, group head, W Initiative, Access Bank Group, disclosed this at a media roundtable for the unveiling of […]
Zenith retains Nigeria’s number one bank position for 13th consecutive year
Onome AmugeJuly 25, 2022
BY Onome Amuge. Zenith Bank Plc has been ranked the number one bank in Nigeria by Tier-1 capital in the 2022 Top 1,000 World Banks ranking published by The Banker Magazine, an international affairs publication owned by the Financial Times Ltd. The Nigeria-based multinational financial service provider amassed a Tier-1 Capital of $2.75 billion to […]
Managing Your Funds at Online Casinos
Businessam StaffJuly 24, 2022
Online gambling is one of the most popular pastimes among adults worldwide. But let’s be honest, anyone playing online casino games also wants to win some money while doing so. But to win, you must also invest. Joining a trustworthy online casino that meets the right criteria is critical. Below we will discuss the […]
9PSB, Seerbit partner to promote seamless financial services in Nigeria
Onome AmugeJuly 22, 2022
BY Onome Amuge. Nigeria’s pioneer payment service bank, 9 Payment Service Bank (9PSB), has initiated a partnership with SeerBit, a pan-African enterprise payment platform, to deploy a home-grown solution and roadmap for the digitisation of payments across Nigeria. The partnership is expected to co-create a seamless payment and omnichannel banking ecosystem that aggregates and simplifies […]
Nigeria’s central bank raises benchmark lending rate to 14% to tame inflation
Chisom NwatuJuly 19, 2022
BY Chisom Nwatu. The Central Bank of Nigeria has increased the Monetary Policy Rate (MPR) by 100 basis points to 14 percent, a move it believes would promote stability in the midst of rising inflation. Godwin Emefiele, the CBN governor, announced the decision on Tuesday, 19 July, 2022 at the end of a two-day meeting […]
UBA Group eyes $7.7trn MEASA economy in DIFC, Dubai landing
PHILLIP ISAKPAJuly 18, 2022
A grouping of at least 72 countries, three billion people and a gross domestic product (GDP) size of $7.7 trillion appears to have strongly grabbed the attention of the board of Nigeria-headquartered Africa’s global bank, United Bank for Africa (UBA), enticing it to make a landing in Dubai, the United Arab Emirates (UAE) in its […]
At first anniversary, LOTUS forays into agency banking to deepen operation
Chisom NwatuJuly 14, 2022
BY Grace Airhule LOTUS Bank, a non-interest Nigerian bank, has expanded into agency banking with a new branch in the country’s commercial centre of Lagos in order to deepen its operation. The bank, as part of its first anniversary, commissioned its 20th branch in Idumota, Lagos Island, and launched its first agency banking, LOTUSMART, to […]
Kuda Bank commences N50 stamp duty charge on all deposits above N10,000
Chisom NwatuJuly 14, 2022
By Chisom Nwatu. Kuda Microfinance Bank has introduced N50 stamp duty on all deposits of N10,000 and above made into a customer’s Kuda account beginning from July 15, 2022. The bank, which rode into popularity with its slogan as “bank of the free”, announced this on Monday in a pop-up message to its customers via […]
AfDB comes out tops on global aid transparency index
Onome AmugeJuly 13, 2022
BY Onome Amuge. African Development Bank (AfDB) has been named the most transparent organisation in the world by Publish What You Fund, the global campaign for aid and development transparency. The multilateral development finance institution amassed a top score of 98.5 to emerge the highest ranked out of 50 global development institutions in the recently […]
Online payment fraud losses to surpass $343bn globally between 2023-2027, says report
Onome AmugeJuly 12, 2022
BY Onome Amuge. The cumulative merchant losses to online payment fraud globally has been projected to exceed $343 billion between 2023 and 2027, according to a new research report by Juniper. The report, titled “Online Payment Fraud: Emerging Threats, Segment Analysis & Market Forecasts 2022-2027″, explaining the extent of the losses, said the figure equates […]