Heritage Bank marks 2021 World Water Day with donation of boreholes
Heritage Bank Plc, last week joined the rest of the globe to celebrate the World Water Day (WWD) 2021 with plans to assist a community in dire need of clean water by installing a bore hole. The theme for this…
Nigerian-born Adeyemo becomes first black US deputy secretary of treasury
The US Senate has confirmed the nomination of Nigerian-born Adewale Adeyemo as the deputy secretary of the treasury department. The feat makes him the first African American to hold the position. Adewale Adeyemo’s appointment was confirmed on last Thursday on…
Ecobank Group posts N641.8bn revenue in 2020 financial year
Leading Pan African financial giant, Ecobank Group said it recorded a revenue of N641.8 billion for the year ended December 31, 2020. The feat represents nine per cent increase compared with N586.9 posted in the corresponding period of 2019. In…
Why CBN voted to hold all key parameters constant at MPC meeting
Faced with the dilemma of (1) maintaining an accommodative monetary stance to stimulate economic growth or (2) hiking interest rates to tame rising inflationary pressures, the Monetary Policy Committee (MPC) voted to hold all key parameters constant. However, unlike the…
NQR payment solution to grow contactless payments – Ecobank MD
Managing Director of Ecobank Nigeria, Patrick Akinwuntan, has said that the introduction of the Nigeria Quick Response (NQR), code payment solution by the Nigeria Inter-Bank Settlement System, NIBSS, is strategic and timely as it will encourage contactless payments while also…
Zenith Bank Shareholders agree on N2.70 per share Dividend for 2020
Shareholders of Zenith Bank Plc, on Tuesday, approved proposed final dividend of N2.70 per share, bringing total dividend for the 2020 financial year to N3 per share, amounting to N94.19 billion. According to the audited financial results, profit before tax…
UBA’s workshop for SMEs on Budgeting and Forecasting holds today
As part of its continuous effort to catalyse the growth and sustainability of Small and Medium-Scale businesses in Nigeria and Africa, Pan Africa Financial Institution, United Bank for Africa, (UBA) Plc will be hosting its next Business Series on Wednesday,…
CBN, NCC dodge N42bn dispute, hit subscribers with new USSD service rate of N6.98k
Many Nigerian financial services subscribers are yet to come to terms on why the meeting that is supposed to resolve the payment of hanging N42bn debt ended up adding hardship on them by jerking up USSD rate from N4.00k to…
TEF closes 2021 application window March 31
Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, will close applications for the Tony Elumelu Entrepreneurship Programme on its TEFConnect digital platform (www.tefconnect.com) on March 31. This year’s intervention prioritises the economic recovery of small and…
NQR unveils code payment system in Nigeria
Nigeria Inter-Bank Settlement System Plc (NIBSS) today announced the launch of the NQR payment solution; an innovative payment platform implemented on behalf of all financial service providers. The New Quick Response code solution offers a robust platform that delivers instant…
