Business

CBN denies, condemns peddlers of rumor on Domiciliary Account Holdings

CBN emerges with new policy to support 100 companies every 100 days

By Eyo Nsima The Central Bank of Nigeria (CBN) has emerged with a new policy to support 100 targeted private sector companies in the next 100 days. Godwin Emefiele, CBN governor, disclosed this on Monday in Abuja during the launching of the eNaira project. Specifically, he said: “The 100 for 100 PPP – Policy on […]

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H1’21: UBA Records 33% YoY Profit Growth, Declares 20k Per Share Interim Dividend

H1’21: UBA Records 33% YoY Profit Growth, Declares 20k Per Share Interim Dividend

By Eyo Nsima Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has announced its audited half year financial results for the half year ended June 30, 2021, showing impressive growth across all major income lines and performance indicators. The pan African financial institution delivered a 33.4 per cent appreciation in its profit before

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AfDB

Nigeria: African Development Bank Group, MTN sign $500,000 grant agreement to study women’s access to financial services

The research, which includes a feasibility study, women-focused design and testing, will focus on both agents and customers to provide insights into women’s use of mobile money services African Development Bank has signed a grant agreement for $500,000 with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN Nigeria, to be used for a

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AfDB

African Development Bank holds second virtual Business Opportunities Seminar for 2021, with a country special on Angola

The event took place over three days to accommodate participants in different time zones, and included a special session on business opportunities in Angola at the request of the Bank’s Angola country office The African Development Bank held its second virtual business opportunities (BOS) for 2021 from 12-14 October, to provide an overview of its

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Paradigm Initiative releases short film ‘FOCUS’ urging citizen vigilance to protect digital rights

The short film creatively explores in a cinematic form PIN’s 2020 annual digital rights and inclusion report Paradigm Initiative (PIN), a pan-African social enterprise working to advance digital rights and inclusion in Africa, will on Wednesday, October 20, release its second and latest short film entitled ‘FOCUS’ to the public on the YouTube platform where

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ecobank

Ecobank Group takes action on Mental Health as part of its commitment towards Better Health

Ecobank Day 2021’s focusing on Mental Health, and helping reduce stigma and discrimination The leading pan-African banking group, the Ecobank Group, is celebrating its ninth Ecobank Day, which is the Group’s flagship annual corporate and social responsibility event that ‘gives back’ to the local communities across its pan-African footprint. This year Ecobank Day will be

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Sudan: Dangote steps in, partners FG, Air Peace on re-settling evacuated Nigerians

2021: Dangote emerges Most Valuable brand in Nigeria for the fourth time

…MTN, Most Popular Brand For the fourth time in a row, Dangote Group, a fully integrated Conglomerate and proudly Nigeria brand has again emerged as the most Valuable brand in Nigeria while the MTN Nigeria trailed as the Most Popular brand in the new Top of the Mind (TOM) survey conducted among corporate executives in

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Dangote Refinery Will Boost Growth of Downstream Sector in 2022, CPPE, Others Affirm

Reform foreign exchange market, address forex liquidity issues, tackle insecurity, others to tame inflation — Economist

By Eyo Nsima An Economist, weekend, urged the federal government to reform the foreign exchange market, address forex liquidity issues, insecurity, high transportation cost, fiscal deficit monetization, climate change, restore normalcy and good order at the nation’s ports, reduce import duty on intermediate products and raw materials for industries, reduce high energy cost and create

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Standard Chartered Bank launches digital portal with Demica to accelerate supplier enrolment in supply chain finance programmes

By Eyo Nsima Standard Chartered is partnering with Demica, a leading fintech specialising in working capital solutions, to transform access to the Bank’s supplier finance programmes, allowing easier enrolment for thousands of suppliers through an online portal while delivering a world-class experience for the Bank’s customers. The partnership will commence with the roll out of

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How we partner with Atome Financial to deliver mobile-first financial services for consumers across Asia — Standard Chartered

By Eyo Nsima Standard Chartered and Atome Financial have concluded a 10-year multi-product strategic partnership, combining their strengths in finance and technology to deliver a wide range of financial services to consumers and merchants across key markets in Asia. Atome Financial is a business unit under Advance Intelligence Group, which recently closed a USD 400M+

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