The senate has confirmed Mrs Aishah Ahmad, Deputy Governor, Financial System Stability, Central Bank of Nigeria and Edward Adamu, Deputy Governor, Corporate Services, Central Bank of Nigeria for second and final terms in office. The confirmation of second terms came a few days after they were screened by the senate […]
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SFS Capital launches fund mobile app to aid easy access to investment to every Nigerian with a smartphone
SFS Capital Nigeria Limited, an investment management firm with over N100 billion in assets under management, has launched the ‘SFS Fund Mobile App’ to make safe and high-yield investing accessible to every Nigerian with a smartphone. The SFS Fund Mobile App comes as Nigeria’s appetite for digital products grows with […]
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Bamboo reaches out to customers on CBN account freeze-#Techmoney
Bamboo, a Fintech investment platform, has reached out to its customers reassuring them of the safety of their funds in the wake of the court injunction obtained by the Central Bank of Nigeria (CBN), permitting the freezing of the company’s accounts pending investigations that the apex bank is launching into […]
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Farmforte subsidiary acquires microfinance bank
Forest Capital, the investment subsidiary of Farmforte Limited, has acquired Kayvee Microfinance Bank. The firm said in a statement that the acquisition was part of its strategic imperative to create greater synergy between socio-economic empowerment, agriculture, and the finance sector. Farmforte’s co-Chief Executive Officer, Osazuwa Osayi, said, “This strategic acquisition […]
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#TechMoney: Ecobank’s half-year profit jumps by 33%, revenue rises
Ecobank Transnational Incorporated recorded a 33.04 per cent rise in its profit before tax for the first half of the year ended June 30, 2021. In its unaudited financial statement for the first half of the year 2021, Ecobank said its operating income improved by 15.35 per cent year-on-year from […]
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IMF raises Nigeria’s economic growth forecast to 2.5%
Nigerian economy growth forecast increased in 2021 to 2.5 per cent. ECONOMY The International Monetary Fund (IMF) has raised its economic growth forecast for Nigeria in 2021 to 2.5 per cent. The IMF had earlier projected that the nation’s economy as measured by the Gross Domestic Product (GDP) will grow […]