Access Bank Closer to Being Africa’s Gateway to World—CEO

By Modupe Gbadeyanka Customers of Ecobank Nigeria have been urged to remain on the alert as some scammers are taking advantage of SIM swaps to dupe their unsuspecting victims. The financial institution issued this alert in an email message to customers, urging them not to lose guard. The bank said phone users, who attached their mobile numbers to their bank accounts, to take extra caution when swapping their SIM cards, so as not to be victims of fraudsters. The lender explained to customers that SIM swap fraud occurs when scammers use your phone number to access your accounts. “Scammers impersonate

By Dipo Olowookere The acquisition of the United Kingdom subsidiary of Union Bank of Nigeria Plc, Union Bank UK, by Fidelity Bank Plc, has been completed. Fidelity Bank is a tier-2 financial institution in Nigeria, intending to move to the tier-1 category. Over a year ago, the lender announced that it was planning to take total control of Union Bank UK as part of its growth strategy. The Central Bank of Nigeria (CBN), a body which regulates the country’s banking industry, authorised Fidelity Bank to go ahead with the deal. In a disclosure on Wednesday, the bank said it has

By Modupe Gbadeyanka Momentum is already gathering for the 2023 edition of Hackaholics Digital Summit organised by Wema Bank Plc, owners of the foremost digital lending firm, ALAT by Wema. The event is dubbed Africa’s largest gathering of innovators, disruptors, regulators, policymakers, investors & customers in the digital space. A statement from the bank disclosed that this year’s programme will take place in Lagos on Friday, October 6, with attendance by invitation only, though interested customers and technology enthusiasts can secure a spot by registering at https://hackaholics.wemabank.com/digital-summit. The theme, according to the organisers, is Re-Imagine: Disrupting the Ecosystem for Scale,

By Dipo Olowookere MainData Nigeria (MDXi) and the Internet Exchange Point of Nigeria (IXPN) have announced a partnership aimed at expanding the peering of Internet Transit traffic within Nigeria. The partnership seeks to take advantage of the numerous networks and content providers already connected to MainOne to grow traffic in the Nigerian Internet Exchange. With its open access submarine cable system, Tier III data centre and IP transit network already connected to the Lagos, Accra, London and Amsterdam Internet Exchanges, MDXi will bring to the Exchange the capacity to connect directly with the greatest number of IP transit and Content

Curious about knowing someone’s location? If so, then you are in the exact place to determine. We will present the best apps to track a cell phone’s location in 2021. It is not such a complicated task as it seems. Once you have a reliable application, half of your concern is off your shoulders. We are quite confident that by the end of this article, you will have the application you wish to spy with. Just stick to this article without skipping any part, and you will also know how these applications work. Spyier The application of ages is Spyier.

By Adedapo Adesanya The performance of the unlisted securities market in Nigeria could not extend its first appreciation of the month on Wednesday. During the trading session, the market depreciated by 1.12 per cent on the back of the losses accrued by bellwether stocks, FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing Systems (CSCS) Plc. Business Post reports that at the close of transactions at the NASD Over-the-Counter Securities Exchange yesterday, the NASD Unlisted Security Index (NSI) depreciated by 8.15 points to close at 721.38 points from 729.53 points while the market capitalisation reduced by N6.06 billion to settle at

By Adedapo Adesanya The total value of unlisted stocks in Nigeria rose by N2.7 billion on Wednesday to N636.66 billion from N633.96 billion it closed on Tuesday, Business Post reports. The increase at the midweek trading session was buoyed by the gains posted by three securities admitted on the NASD Over-the-Counter (OTC) Securities Exchange. They lifted the exchange higher by 0.43 per cent during the session. As a result, the NASD Unlisted Security Index (NSI) went up by 3.11 basis points to 732.49 basis points from the 729.38 basis points recorded at the previous session. Three companies that gained yesterday

By Modupe Gbadeyanka The Nigerian Senate led by Mr Ahmad Lawan has announced the decision of its 109 members to contribute 50 percent of their salaries to the efforts to respond to the spread and treatment of Coronavirus in the country. This disclosure was made in a statement signed on Monday by the Vice Chairman, Senate Committee on Media and Public Affairs, Mr Godiya Akwashiki. Mr Akwashiki said, “After due consultations following a keen review of the national efforts to contain the Coronavirus pandemic in Nigeria, the Senate wishes to announce that from March, 2020, Senators will be donating 50

By Dipo Olowookere The Nigerian Exchange (NGX) Limited had a mixture of lime and honey last week as a result of investors’ reactions to economic data, especially the unemployment rate, gross domestic product (GDP), and the foreign exchange (FX) market. Amid the roller coaster, the All-Share Index (ASI) and the market capitalisation managed to stand upright by 1.29 per cent on a week-on-week basis, closing at 65,558.91 points and N35.881 trillion apiece. Similarly, all other indices finished higher except NGX CG, NGX Premium, banking, NGX AFR. Bank Value, NGX MERI Value, energy, industrial goods and growth indices, which depreciated by

By Modupe Gbadeyanka The Debt Management Office (DMO) has introduced a 15-year bond, which it intends to sell to investors on Wednesday, March 25, 2020. On Tuesday, the agency saddled with the responsibility of managing Nigeria’s debt released a revised calendar for bond issuance for the first quarter of this year. In the circular obtained by Business Post, the DMO said it would auction from N10 to N20 billion worth of the new bond maturity in two weeks’ time but did not disclose the interest rate. This would be unveiled before the exercise takes place. In the calendar, the debt

By Investors Hub European stocks have fallen on Monday, as global growth worries linger and the dollar weakens slightly ahead of key central bank meetings this week, with the Fed widely expected to raise its benchmark interest rates Wednesday by 25 basis points. Traders are also digesting media reports suggesting that the Italian government has forged a deal with populist leaders to submit a revised budget proposal to the European Commission. Elsewhere, U.K. Prime Minister Theresa May faces parliament today and it is expected to urge Members of Parliament not to “break faith with the British people” by demanding a