Banking
Airopay Launches in Nigeria, Offers 16% Interest on Savings
By Adedapo Adesanya
Airopay has delved into the digital payments business in Nigeria to ensure that cashless payments are efficient since customers get frustrated and stranded at various pay points.
As a payment infrastructure solution, Airopay allows its users, both individuals and businesses in Africa and around the world, to transact locally and internationally from the comfort of their mobile devices.
It was designed as a one-stop app to enable payments for users when at home or abroad as it provides users the ability to directly pay bills in Nigeria, make transfers and also receive cash regardless of their geographical locations at super fast speed all from a mobile phone.
Speaking on the app, Airopay Chief Executive Officer, Mr CharlesJohn Oyakhilome, shared that the whole idea of the app is to digitize payments in Africa and beyond. “The ultimate goal of the brand is to make mobile payments across borders very easy’’, he said.
The Director of Strategy and Business Growth, Mr Kelechi Mbah, stated that Airopay has many unique services to offer in the Fintech space as we are set to ensure a life made easy. While it may look like the market is saturated, there are still many gaps which Airopay has carefully designed its services to fill.
Also, the Airopay App is set to give the general public a unique experience of ease and swiftness for both international and local fund transfers with zero per cent downtime!
Furthermore, the platform will provide economic empowerment for entrepreneurs, merchants and retailers.
Mr Adedayo Johnson, the Chief Financial Officer said, “Our users will enjoy an unbeatable interest rate of 16 per cent on savings, access to loans within 24 hours and bill payment transactions, different from what the general public has experienced.”
First crafted in 2014, Airopay systems have been developed to include several layers of transaction security for a users’ peace of mind.
Furthermore, the app is designed with Azure security centers which aid with detecting and blocking cyber security threats. The framework is secure from XML external entity injection also known as XXE as attackers cannot interfere with the application’s processing.
The Airopay brand officially launched into the Nigeria market on November 24, 2020, having recently signed Richard Mofe-Damijo (RMD) as the brand ambassador. The launch generated awareness and rightly positioned the Airopay app as a platform known for speed, ease, convenience and trust.
Users will be able to easily fund, withdraw, save, transfer money and pay for goods and services (locally or internationally) with their mobile devices.
Airopay Mobile Money accommodates deposits and withdrawals, including cardless ATM withdrawals, transfer between accounts, domestic remittances, third party or non-registered user deposits to accounts, payment of utility bills (including water, electricity, PayTV ), purchase of flight tickets for local and international flights, international and local airtime top up, payment of tuition for 100+ educational institutions, international and local fund transfers, bill payments for betting, lottery and games at zero per cent downtime.
Other services offered include termination of international remittances to wallet, QR code supported retail and merchant payments and registration of any payment card on the end-user application for recharge and QR code supported retail payment systems.
By Aduragbemi Omiyale
The N3.97 billion commercial paper issuance of AG Mortgage Bank Plc will close on Thursday, June 18, 2026.
The sale of the debt instrument by the real estate lender commenced on Wednesday, June 10, 2026.
It is under the N5 billion commercial paper issuance programme of the lending firm aimed to support its short-term working capital and funding requirements.
The company is selling the papers in two series, with Series 2 offered at a discounted rate of 19.2895 per cent for 270 days, and Series 3 at a discounted rate of 19.3651 per cent for 364 days.
The minimum subscription is N5 million, and subsequent additions of N1 million.
AG Mortgage Bank is a leading primary mortgage bank in Nigeria with over two decades of experience in providing affordable mortgage financing and housing finance solutions.
The bank has grown its asset base to over N33 billion and remains a key participant in major housing intervention programmes, including the National Housing Fund Scheme and other government-backed mortgage initiatives.
Supported by a diversified product offering, strong institutional credibility, and an experienced management team, AG Mortgage Bank continues to deliver solid financial performance.
For FY 2025, interest income increased by 28.1 per cent to N3.65 billion, while profit after tax rose by 130.0 per cent to N1.05 billion, reflecting strong earnings growth, operational efficiency, and prudent risk management.
By Aduragbemi Omiyale
The chairman of Access Holdings Plc, Mr Aigboje Aig-Imoukhuede, has reaffirmed the organisation’s long-term commitment to shareholders, expressing confidence in the company’s strategic positioning, which he said is underpinned by disciplined execution, a diversified business model, a strengthened capital base, and a clear focus on sustainable value creation.
Speaking at the 4th Annual General Meeting (AGM) of the firm on Wednesday, he explained that the temporary suspension of dividend distributions was a consequence of regulatory compliance requirements rather than any deterioration in the group’s financial performance.
Mr Aig-Imoukhuede reaffirmed that the financial institution’s earnings capacity remains strong and that the board’s position reflects adherence to supervisory expectations and prudent capital management principles.
He assured shareholders of the board’s commitment to resuming dividend payments as soon as the relevant regulatory conditions are satisfied, noting that, “Our approach is clear: capital retained today must translate into greater value tomorrow and sustainable returns for our shareholders.”
The Chairman reiterated the strategic imperative underpinning the company’s next phase of growth, saying, “Our strategy, From Scale to Value, reflects the natural evolution of our journey. Scale created opportunity; value creation is how we fully realise it.”
He noted that while the organisation continues to generate strong returns, ensuring that earnings per share consistently exceed the cost of capital remains central to unlocking sustainable shareholder value.
The retired banker also acknowledged the significant unrealised value embedded within the firm’s international subsidiaries and reiterated management’s focus on improving market recognition of that intrinsic value over time.
Commenting on the financial performance of the group in 2025, he said Access Holdings accelerated provisions on legacy and regulatory forbearance credit exposures, resulting in elevated impairment charges.
He explained that the group consciously prioritised balance sheet strength and long-term resilience over short-term earnings optimisation.
“Periods of economic uncertainty often reveal more about an institution than periods of uninterrupted growth. Our focus remains on building a business that is not only growing, but improving in the quality, resilience, and sustainability of its earnings,” he stated.
Last year, the financial services organisation delivered pre-tax profit of N1.007 trillion, underscoring the strength of its diversified platform and expanding earnings base across key markets. Total assets increased to N51.56 trillion, while customer deposits grew strongly, reflecting sustained franchise momentum and deepening customer trust.
By Modupe Gbadeyanka
A new report highlighting the transformation from a newly established fintech venture into one of Nigeria’s leading payment infrastructure providers has been launched by HabariPay Limited.
The report, known as the HabariPay Impact Report 2025, provides stakeholders with a comprehensive evolution, innovation journey, business performance, and impact of the fintech subsidiary of Guaranty Trust Holding Company (GTCO) Plc on the digital payments landscape.
The company’s contributions to enabling digital commerce, supporting businesses, strengthening payment infrastructure, and expanding financial access through technology-driven solutions were also captured in the piece.
The HabariPay Impact Report 2025 also highlights the organisation’s strong financial and operational performance, the growth of the Squad platform, and the development of infrastructure that powers payment acceptance, switching, transfers, merchant services, and value-added solutions.
The publication further explores the role of innovation, talent development, and ecosystem partnerships in driving the company’s success.
It showcases HabariPay’s investments in innovation through initiatives such as the Take on Squad Hackathon and the Squad Hackademy, both of which are helping to develop future technology talent and accelerate the creation of practical solutions to real-world challenges.
“As a technology-driven company, we believe that impact extends beyond financial performance. It is reflected in the businesses we enable, the merchants we support, the infrastructure we build, and the opportunities we create for the next generation of innovators.
“The HabariPay Impact Report 2025 captures this journey and demonstrates our commitment to creating sustainable value for customers, partners, and the broader economy,” the Managing Director of HabariPay, Ms Eduofon Japhet, said.
“The HabariPay Impact Report 2025 represents more than a reflection on our achievements; it is a testament to the deliberate investments we have made in building sustainable payment infrastructure, empowering businesses, fostering innovation, and creating long-term value for our stakeholders.
“As we look ahead, we remain committed to expanding our capabilities, deepening our impact, and shaping the future of digital payments through technology-driven solutions that are secure, scalable, and inclusive,” she added.
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