Instant Payment Transactions to Surpass 376bn Globally by 2027— Juniper Research
A new study from Juniper Research has found that the number of instant payment transactions will exceed 376 billion globally by 2027; increasing from 97 billion in 2022, a 289% growth. It predicts that an increased roll-out of instant cross-border…
Access Holdings Completes Acqusitrion of Indirect Stake in Sigma Pension
Access Holdings Plc (which trades as Access Corporation) has completed its acquisition of an indirect equity stake in Sigma Pension. A corporate disclosure made available to Business Hilights averred that following the acquisition, Access Holdings has merged its FGPL with…
Heritage Bank supports over 500 widows, bags UN Award
Leading financial institution, Heritage Bank received the 2022 United Nations Award for Humanitarian Service by the Widows & Orphans Support Society of Nigeria (WOSSA), as no fewer than 500 widows and orphans in Lagos State benefitted from the Bank’s supports….
Zenith Bank Bags Financial Times Group’s Bank of the Year
Leading Tier 1 financial giant, Zenith Bank Plc has emerged as The Bank of the Year in Nigeria in The Banker’s Bank of the Year Awards 2022. Business Hilights gathered that the award was announced by The Banker Magazine, Financial…
Clearing Agents Frown Customs Gang Up Fueling Demurrage
The 100% Compliance Team of the National Association of Government Approved Freight Forwarders (NAGAFF) has kicked against the Nigeria Customs Service and its informants, saying that importers lose a lot of money to demurrage through the activities of the latter….
Just in: Meet Ecobank’s new DMD, Carol Oyedeji
The Board of Ecobank Nigeria has announced the appointment of Carol Oyedeji as a Deputy Managing Director of the local unit of Ecobank Group. The appointment of Oyedeji, has since been approved by the Central Bank of Nigeria (CBN). She…
FG claims Nigeria Ready to Reap from AfCFTA Benefits
President Muhammadu Buhari has expressed Nigeria’s readiness to partner with African economic zones to benefit from the African Continental Free Trade Area (AfCFTA) agreement. Buhari gave the indication in Abuja, at the fifth African Union Symposium on Special Economic Zones…
Covid-19 Recovery Efforts Trigger New Energy Access Policies—World Bank
Two years of Covid 19 pandemic have highlighted the vulnerability and isolation of populations without electricity and have prompted countries to increase their focus on energy access and affordability, finds a new World Bank report on energy policies and regulations….
(Special Report) U.S. dollar’s ‘power era’ coming to an end?
Investors are now positioning themselves to capitalize on the U.S. dollar’s era of strength coming to an end, says the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations. The comments from deVere Group’s…
Stanbic IBTC Bank Nigeria PMI® – growth hits six-month high in November
Business conditions continued to improve markedly in the Nigerian private sector during November amid improving demand and higher customer numbers. In turn, firms expanded their purchasing activity and employment. That said, business confidence dropped to the lowest since the survey…
