Atlas Mara Zambia Merger Will Boost Our Earnings—Access Bank

By Bliss Okperan A digital investment platform known as AltInvest has been introduced by a new kid in the banking industry in Nigeria, Alternative Bank. According to the non-interest lender, which commenced operations in October 2023, the new product empowers individuals to navigate seamlessly the investment world, blending ethical and digital features for increased accessibility. At the unveiling of the innovative financial solution at the 44th Kano International Trade Fair, the company also launched another produced AltBiz, which it said caters to the financial needs of businesses, offering a comprehensive suite of services to fuel growth, innovation, and sustainability. “These

By Adedapo Adesanya All bank accounts without Bank Verification Number (BVN) and National Identification Number (NIN) will from April 2024 have “Post No Debit (PND)” placed on them. This is the latest directive of the Central Bank of Nigeria (CBN) to financial institutions operating in the country. In a circular issued by the apex bank and sent to all deposit money banks (DMBs) on Friday evening, the CBN said all the BVN or NIN attached to and/or associated with AL accounts/wallets must be electronically revalidated by January 31, 2024. In the circular seen by Business Post, the central bank said

By Modupe Gbadeyanka For supporting Micro, Small and Medium-scale Enterprises (MSMEs) with credit facilities, Ecobank Nigeria Limited has won big at the 2023 Development Bank of Nigeria (DBN) Annual Service Ambassador Awards ceremony held in Lagos. The DBN Ambassadors Programme was designed to increase the sense of ownership among participating financial institutions, build capacity, increase on-lending small businesses and ultimately deepen financial inclusion in Nigeria. Ecobank is a participating financial institution in partnership with DBN to provide credit facilities, credit guarantees and technical support to MSMEs. It got an award for Platinum Service Ambassador; Bank with the Highest Impact on

By Modupe Gbadeyanka A call for a comprehensive policy action to dismantle the structures that enable gender-based violence in Nigeria has been made by the Managing Director of Unity Bank Plc, Mrs Tomi Somefun. “I urge policymakers to enact stringent laws against gender-based violence, ensuring swift and severe consequences for perpetrators. Our homes and various organisations must also be a catalyst for change, inspiring others to follow suit,” the banker said at the premiere of a new movie, BECKMA, in Lagos. Mrs Somefun, represented at the event by Unity Bank’s Group Head of Compliance, Mrs Patricia Ahunanya, citing a recent

By Adedapo Adesanya The Nigerian government has received the samples of Russia’s COVID-19 vaccine, a statement from the Ministry of Health in Abuja has confirmed. The Minister of Health, Mr Osagie Ehanire, received the sample of the vaccine from the Ambassador of Russia to Nigeria, Mr Alexey Shebarshin during a visit to the Ministry in Abuja on Friday. The Russian Ambassador also handed an aide-memoire which gives details about the vaccine to help the Nigerian government conduct further research on it. “We are exploring all knowledge in terms of therapeutics and vaccines,” Mr Ehanire was quoted as saying in a

By Adedapo Adesanya  Oil prices appreciated on Thursday, recovering from losses recorded on Wednesday as China and the U.S. agreed to lift existing tariffs if a partial trade deal is reached. Oil futures had suffered declines as a result of the trade war between both super countries and this had consistently had a toll on oil demand which then affects prices. As at 8 p.m. (Nigerian Time) on Thursday, Brent Crude was gaining 75 Cents or 1.21 percent to trade at $61.65 per barrel, while the US West Texas Intermediate (WTI) Crude was charting higher by $1.13 equivalent to 2.01

Since the inception of different football websites, staying updated with every single happening of the game has become much easier and quicker for football fans. There are a number of websites that will help you to get live scorecards, match statistics, league tables as well as upcoming fixtures just in a single click. However, the problem is that usually a single website offers a single feature only. You will hardly find a website that offers all these features in a single place. Isn’t it? Well, then there is a surprise for you because today we are going to talk about

By Dipo Olowookere The construction of a modular refinery is being planned in Edo State by Nigerian businessman based in the United States, Mr Charles Ihaza. The project is said to gulp about $2 billion and when completed, would produce about 80,000 barrels of refined petroleum products per day. To kick start this project, Mr Ihaza said he has acquired about 453.9 hectares of land in Eghudu, Ovia North East Local Government Area of Edo. Speaking at an open forum organised on Environmental Impact Assessment (EIA) in Benin City, the state capital, the businessman said the project would bring about

By Dipo Olowookere The Central Bank of Nigeria (CBN) has denied social media reports that its website has been hacked by some unknown persons. Some hackers under the name Anonymous have been targeting websites and social media accounts of agencies of the Nigerian government. They succeeded in breaking into the Twitter account of the National Broadcasting Commission (NBC), posting tweets in support of the #EndSARS movement using the agency’s handle. They promised to hack platforms operated by government agencies and later, there were reports that the website of the Independent National Electoral Commission (INEC), the Economic and Financial Crimes Commission

By Modupe Gbadeyanka Deadline for issuance of Bank Verification Number (BVN) to customers of micro-finance banks and other financial institutions early fixed July 31, 2017, has been extended to December 31, 2017. In a circular issued by the Central Bank of Nigeria (CBN), it explained that the process was given more time because “several OFIs” failed to meet up with the earlier deadline. In a letter dated April 21, 2017 with the reference number OFI/DIR/CIR/GEN/17/139, the apex bank had directed the financial organisations to “enrol their customers on or before July 31, 2017; and conspicuously display notices sensitizing customers on

By Aduragbemi Omiyale The services of Interswitch have been contracted by the Adamawa State government to enhance digital revenue collection, payment collections and processing through its Interswitch Collections Solution (Paydirect). It was gathered that the use of Paydirect by the state government will ensure transparency in revenue collection, and bills payment while checking revenue leakages. The Interswitch Collections Solution enables government agencies and corporate organisations to collect and monitor revenue across various channels such as banks, Point of Sales (PoS) terminals, Internet banking, and the Quickteller (web, mobile, ATM, and USSD) platform. With the deployment of Interswitch’s Paydirect, the state

By Dipo Olowookere A survey conducted by the Top 50 Brands Nigeria, a research organisation, has picked as Promasidor Nigeria Limited as one of the 2017 top 50 brands in the country. The organiser said the selection was a result of a year-long rigorous research, using Brand Strength Measurement (BSM) index, a model that tests a brand’s ability to deliver its promise to consumers. Chief Executive Officer of the research firm, Mr Taiwo Oluboyede, presented the certificate of award to Managing Director of Promasidor, Mr Anders Einarsson, at the company’s premises on Monday. A press release issued by the company’s