Gbenga Adebayo, chairman of the Association of Licensed Telecommunication Operators in Nigeria (ALTON), has shared reasons why SIM cards without linked National Identification Numbers were barred before the July 31, 2024 deadline given by the Nigeria Communications Commission (NCC). In a recent interview with Arise TV, the ALTON chairman […]
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Trending News
Financial experts want Tinubu withhold assent to 70% forex windfall levy
Some financial experts have urged the Federal Government to reconsider the imposition of a 70% foreign exchange (forex) windfall levy on banks. They urged President Bola Tinubu to withhold assent to the Finance Act (Amendment) Bill 2024 as passed by the National Assembly, which increased the windfall levy on banks’ […]
Resolution of identity issues will reposition capital market – SEC
The Securities and Exchange Commission (SEC) says the resolution of identity management issues would help reposition the Nigerian capital market for greater potential. The Director General of the SEC Dr. Emomotimi Agama who stated this at a Workshop on Identity Management for the Capital Market held in Lagos, Wednesday, said […]
Kuda partners with SeerBit on cardless payments online
Kuda has partnered with SeerBit, a payment gateway, to give Kuda’s 7 million-plus customers a safe and easy option for making cardless payments online. The Nigerian fintech’s retail customers can now look out for the ‘Pay With SeerBit’ option on local websites and apps, then pay directly from their Kuda […]
Access Bank disburses N740 billion digital loans
L-R: Oladisun Dawodu, team lead, digital lending; Njideka Esomeju, group head, consumer banking; and Efe Obaigbena, unit head, digital leading, all of Access Bank plc, at the revamp of Quick Bucks Access Bank digital loan platform in Lagos, Tuesday. Access Bank has granted 18 million digital loans worth N740 […]
CBN raises interest rate by 50 basis points to 26.75%
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has announced a 50 basis point increase in the interest rate, raising it from 26.25% to 26.75%. This decision was disclosed by the Governor of the CBN, Mr. Olayemi Cardoso, at the conclusion of the bank’s 296th MPC meeting in […]
Green Economy will create greater prosperity for investors – Agama
Stakeholders, stakeholders, intermediaries, issuers, investors, and regulators have been enjoined to take advantage of the enormous resources and potential of sustainable finance to build a green climate and climate-resilient economy in Nigeria and create greater prosperity for investors and Nigerians. This was stated by the Director General of the Securities […]
How US presidential election may affect, global economy, Nigerian business landscape- Standard Chartered Bank
Steve Brice, Global Chief Investment Officer at Standard Chartered Bank’s Wealth Solutions unit has noted the likely impact the 2024 United States of America (US) presidential election will have on the global economy, including the Nigerian business landscape. In a press statement, Brice has in a report outlined the anticipated […]
Unity Bank customers win over N4 million in ‘Cashtoken Rewards Promo’
By Collins David Unity Bank customers have claimed over N4 million in cash rewards in its ongoing loyalty programme recently rolled out with Cashtoken, a Cash Reward-as-a-Service company. The winners included no fewer than 40 customers who adopted and transacted on the Bank’s digital banking platforms, including the UniFi mobile […]
Access Bank raises N442 billion through syndicated tier II facility
Access Bank has partnered with the Dutch Entrepreneurial Development Bank (FMO) to secure a syndicated Tier II Facility agreement valued at $295 million (approximately N442.5 billion). According to a statement from the bank provided to newsmen, this agreement underscores a longstanding and successful relationship that has spanned over two decades […]