Banking
Sterling Bank Emerges Overall Best Workplace
By Adedapo Adesanya
Sterling Bank Plc, one of Nigeria’s leading commercial banks, has emerged the 2020 Overall Best Workplace in the country in the Large Corporates category of the Great Place to Work Institute, Nigeria (GPTW) awards held in Lagos recently.
The bank emerged the overall winner by scoring more points ahead of several reputable companies in six categories for large corporates.
The categories include Best in Quality of Life Practice, Fun and Friendly Workplace, Excellence in the Delivery of Inspiring People Practices, Excellence in Delivery of Leadership Practices, Excellence in the Delivery of Corporate Social Responsibility and the Best Workplace Ranking.
In a statement issued by the bank, Mrs Temi Dalley, Chief Human Resources Officer of Sterling Bank, expressed delight at the incredible half a dozen awards won, saying they are worthy recognition of the bank’s relentless commitment to creating an inspiring and friendly work environment where employees trust their colleagues and take pride in their work.
She said that the bank has nurtured a strong value system by aligning behavioural codes and organisational purpose in building trust so that employees can derive a sense of meaning from their work. adding that “communication, dialogue and co-creation are key factors on which we base our Human Capital Management approach.”
According to the Great Place to Work Institute, organiser of the awards ceremony, few companies were chosen among the hundreds of nominated companies in the category.
The GPTW Institute said nominations were received from a cross-section of listed entities on the stock exchange including blue chips, multinationals, government agencies, non-governmental agencies, and educational institutions in Nigeria.
The organiser explained that the Best in Quality of Life Practice awards is for organizations that have displayed excellence in the delivery of programmes that foster employee well-being, work-life integration and the creation of amiable work environment as a whole while the Fun and Friendly Workplace awards is for organisations that promote a culture of camaraderie, friendliness and fun in the workplace.
The Excellence in the Delivery of Inspiring People Practices awards is for organizations that assist employees in learning and understanding how their job has meaning beyond serving their personal and the company’s financial success and how it serves the higher purpose of the corporation and society.
Also, GPTW awards the Excellence in Delivery of Leadership Practices to organizations that have shown high level of competence in leading and managing people, displaying a great level of integrity and are committed to effectively communicating their values, vision and goals to their people.
The Excellence in the Delivery of Corporate Social Responsibility awards is for organizations that not only give back to society but also encourage their employees to do the same through different platforms while the Best Workplaces Ranking is the Great Place to Work Gold Standard recognition and is accorded to organizations which have made the required score in the Trust Index and Culture Audit surveys.
Besides the six awards won by the bank, Sterling Bank also received a platinum certification as a great place to work.
The Great Place to Work Institute is the organization responsible for Fortune’s annual “100 Best Companies to Work For” list, as well as a bunch of other best workplace lists published in that magazine every year.
By Modupe Gbadeyanka
Sewa Capital Investment, an investment banking and financial advisory firm focused on supporting high-growth businesses across Africa, has made a strategic investment in Mathesis Analytics, a Nigerian financial technology company providing Artificial Intelligence (AI)-powered credit decisioning infrastructure.
The investment is expected to support Mathesis Analytics’ expansion drive for its AI-powered credit infrastructure in Nigeria.
Currently, Nigerian lenders face a critical structural gap: the fragmentation of verifiable consumer data makes it difficult to accurately price risk at scale. Mathesis directly addresses this bottleneck by aggregating disparate transactional and behavioural data into a real-time measure of creditworthiness.
The investment will support product development, institutional integrations, expansion of Mathesis’ lender network, and the strengthening of its data and technology infrastructure, a statement from the fintech firm stated.
By embedding this infrastructure, financial institutions can expand underwriting capacity, support more accurate risk-based lending decisions, and reach new market segments without compromising established risk thresholds.
For Mathesis Analytics, this investment represents an important milestone in its strategy to build Africa’s next-generation credit infrastructure to drive true financial inclusion.
Mathesis has already supported more than 8 million loans for over 2 million unique borrowers in Nigeria, providing a substantial operating base from which to deepen institutional adoption and expand into additional markets.
The company will leverage Sewa Capital’s backing to accelerate the expansion of its institutional footprint.
“At Sewa Capital, we are interested in businesses building the infrastructure that enables African economies to allocate capital more efficiently and inclusively.
“Mathesis Analytics is addressing a fundamental constraint in credit markets: the information gap that limits lenders’ ability to assess risk confidently.
“Its technology has the potential to expand responsible access to credit in Nigeria and, over time, across Africa. We are pleased to support the team through its next phase of growth,” the Managing Director of Sewa Capital, Ms Angela Jide-Jones, commented.
The chief executive of Mathesis Analytics, Mr Winston Osuchukwu, in his reaction, said, “Credit inclusion begins with information visibility.
“Partnering with Sewa Capital accelerates the rollout of our infrastructure; equipping a wider network of lenders with the capabilities required to accurately evaluate risk and ultimately deliver credit services to previously excluded populations across the continent.”
By Aduragbemi Omiyale
Eligible innovators, financial institutions, Virtual Asset Service Providers (VASPs), financial technology (fintech) companies, and technology firms have been invited to apply for the second cohort of the Central Bank of Nigeria (CBN) Regulatory Sandbox Programme.
A statement signed by the acting Director of Corporate Communications and Investor Relations Department of the apex bank, Mrs Hakama Sidi-Ali, disclosed that entries opened on Wednesday, August 12, 2026, and will close on Monday, August 31, 2026.
Cohort 2 of the initiative introduces two dedicated testing tracks to support emerging technologies with the potential to strengthen Nigeria’s financial system while upholding high standards of consumer protection, financial stability, and market integrity.
According to the central bank, the two tracks are VASP and Data-Enabled Financial Services (Non-VASP).
VASP track is to support innovative virtual asset, stablecoin, payment, settlement, custody, wallet, and related financial infrastructure solutions that require supervised live testing, while the non-VASP track supports innovations that leverage secure digital infrastructure and permission-based data sharing to improve financial inclusion, payments, credit, risk management, operational efficiency, and consumer outcomes.
The CBN Regulatory Sandbox provides a controlled environment in which eligible participants may test innovative financial products, services, business models, and enabling technologies under the supervision of the CBN.
The programme enables the CBN and innovators to engage constructively throughout the testing process, supporting regulatory learning while encouraging responsible innovation that benefits consumers and the wider financial system.
Eligible organisations whose proposed innovations fall within the programme’s scope are encouraged to apply.
Applications will be assessed based on the level of innovation, readiness for controlled live testing, potential consumer or market benefit, governance arrangements, risk management capability, and the suitability of the proposed testing plan.
Successful participants will undertake supervised testing within clearly defined parameters agreed with the CBN, including appropriate safeguards for consumer protection, operational resilience, cybersecurity, and regulatory reporting.
The central bank emphasised that participation in the scheme does not constitute a licence, authorisation, or approval to operate outside the approved testing parameters.
It noted that the Sandbox is intended to facilitate responsible experimentation, strengthen regulatory engagement, and support evidence-based policy development in line with the CBN’s statutory mandate.
By Aduragbemi Omiyale
The international spending limit on the GTBank Naira card has been increased by the financial institution to $40,000.
This information was revealed by the lender in an email to customers on Tuesday, August 11, 2026.
The banking subsidiary of GTCO Plc disclosed that the new offshore spending limit is for a quarter.
This development comes as the Nigerian foreign exchange (FX) market is witnessing stability against the United States Dollar.
The forex volatility experienced a few years ago has eased, allowing companies and others to plan within a reasonable exchange rate band.
“The Dollar limit on your GTBank Naira Card is now $40,000 quarterly,” the tier-1 commercial bank said in the message sighted by Business Post.
Improvement in forex liquidity in the domestic FX ecosystem has allowed Nigerians to use their local cards to complete financial transactions on foreign platforms, which was not possible a few years ago because of Dollar scarcity and arbitrage.
At the official market on Tuesday, the exchange rate closed at N1,364/$1. It was exchanged at N1,367/$1 at the GTBank FX desk and N1,395/$1 at the parallel market.
