The partnership with Sterling Bank is a unique and innovative arrangement which leverages the complementary strengths of both institutions to provide a comprehensive market-led solution to Nigerian corporates
African Export-Import Bank (Afreximbank) has partnered with Sterling Bank to introduce the innovative supply chain finance...
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has once again solidified its position as a leader in the banking sector by clinching two coveted awards at the 2024 Euromoney Global Private Banking Awards. The bank emerged as "Nigeria's Best International Private Bank" and "Nigeria's Best...
Moniepoint, a leading fintech company has said that beyond redefining payments and technology and the payment industry, it also ensures that it provides its businesses and partners with several flexible payment options so they can receive payments from their customers.
Moniepoint started with a...
Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time since 2019. The Bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its...
The Association of Corporate and Marketing Communication Professionals of Banks (ACAMB) has assured that banks in the country have the wherewithal to meet the recent directives of the Central Bank of Nigeria (CBN) on recapilitalisation of the sector.
In a...
The impact of currency weakness on the Nigerian private sector was evident again in March. Purchase costs rose at the sharpest rate on record, meaning companies increased their own selling prices at an unprecedented pace. The rate of expansion in business activity ticked higher, but steep price...
The Director of Banking Services, Central Bank of Nigeria (CBN), Hamisu Abdullahi, highlighted the merit-based selection of Remita to provide an electronic platform essential for facilitating payments from Ministries, Departments, and Agencies (MDAs) to beneficiary accounts across commercial banks.
He said this when officials...
The Alternative Bank and TK Tech Africa have forged a partnership through their $500m Digital Sukuk initiative.
According to a statement from the bank on Wednesday, the partnership is pioneering the use of blockchain technology for the issuance, trading, and settlement of Sukuk bonds,...
The Chemical and Allied Products Plc saw its finance costs ballooned by 362.97 per cent to N 155.35m in 2023 from N33.55m, driven by interest on borrowings, which rose by 377.27 per cent.
Interest on borrowings went up N153.92m from N32.25m in 2022.
The first cohort of the FGN-ALAT Digital Skillnovation Programme, an initiative spearheaded by Wema Bank in partnership with the Federal Government of Nigeria, to train and equip 2,000,000 youth and 1,000,000 MSMEs across Nigeria with digital skills for sustainable success, was launched in 2023.
