Banks grow e-payment income by 51% to N53bn | Accountmaintenance fees up 60% to N30.9bn Nigeria’s financial system has recorded further surge in the value of electronic payment (e-payment) transactions to N65.6 trillion in the first quarter of the year (Q1’21) indicating a whopping 82 percent Year-on-Year, YoY, increase from N36.02 trillion […]
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Tech-Start-ups: Why new entrepreneurs fail to get early funding
“A good way to get around this criticism is to limit the number of startups entering their portfolio, says olowe. In recent years, more investors and firms are harkening on to money as a major source of early funding for their budding enterprises. However, investment expert, Adedeji Olowe has a […]
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NAICOM chief tasks insurers, banks on collaboration, deeper penetration
The insurance commissioner supported deepened retail market, noting that it was the future of insurance sector. Mr Sunday Thomas, Commissioner for Insurance, National Insurance Commission (NAICOM), says the insurance and banking sectors can deepen their penetration in Nigeria by looking beyond the traditional distribution channels. Thomas spoke at a virtual […]
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Digital Switch Over: Lagos state goes digital
The Nigerian government has launched Digital Switch-Over (DSO), a switch from analog television to digital television, in Lagos State. The event, which held on Thursday, at Ikeja, Lagos, marked the beginning of the second phase of the rollout of DSO across the federation. The first phase of DSO rollout held […]
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Airtel Africa appoints Olusegun as Chief Executive Officer
Mr Olusegun Ogunsanya who was presently the Chief Executive Officer of Airtel Nigeria, would join the Board of Airtel Africa with effect from Oct. 1, 2021. Airtel Africa Plc, a provider of telecommunications and mobile money services in 14 countries, on Thursday announced the appointment of Mr Olusegun Ogunsanya, as […]
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TAJBank records highest industry EPS growth rate
TAJBank has recorded the highest earning per share (EPS) growth rate in the nation’s banking industry in the financial year 2020. TAJBank, Nigeria’s non-interest banking services provider, has recorded the highest earning per share (EPS) growth rate in the nation’s banking industry with its shareholders earning N11.82 per N1.00 share, […]
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Oyoyo fashion forward app launched in Nigeria
The Oyoyo app is available on Android and is currently offering a free subscription for designers, tailors and weavers as well as other professionals operating in the fashion industry. A recently launched game-changing app is set to revolutionise the Nigerian fashion industry. Developed by fashion tech business, Catwalk Creatives Limited, […]
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Nigerians Shun Naira for Foreign Currencies to Store Wealth
Nigerians have been accumulating foreign currencies to protect their wealth from naira volatility and surging inflation, according to a research paper in a journal published by the Central Bank of Nigeria. “Higher real-exchange rate volatility is associated with an increased level of currency substitution,” central bank economists including Isaiah Ajibola, […]
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Breaking: Billions of dollars lost in Crypto market, as over 500,000 investors get wrecked
The crypto market suffered heavy losses, as the flagship crypto dipped below the $50,000 price levels. The crypto market suffered heavy losses in the early hours of Friday with many traders liquidated as the flagship crypto dipped below the $50,000 price levels. In the cryptoverse hundreds of billions of dollars […]
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China builds world’s largest 5G mobile network
China has made initial achievements in building the world’s largest 5G mobile network. Liu Liehong, vice minister, Ministry of Industry and Information Technology (MIIT) on Monday said in a briefing that the country has built a total of 792,000 5G base stations at the end of February. Liehong said this […]