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UBA Announces Appointment of Henrietta Ugboh as an Independent Non-Executive Director

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced the appointment of Henrietta Ugboh as an Independent Non-Executive Director. The appointment has been approved by the relevant regulatory…

NDIC to Begin Heritage Bank Asset Sale in December Following License Revocation by CBN

The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will commence the sale of assets belonging to Heritage Bank on December 4, 2024. Bashir Nuhu, NDIC’s Director of Communication…

Access Bank UK Acquires Majority Stake in Mauritius’ Afrasia Bank

Access Holdings Plc has announced that its UK subsidiary, Access Bank UK, has entered into a binding agreement to acquire a majority stake in Afrasia Bank Limited, a significant player…

First Bank Appoints Ebenezer Olufowose as New Chairman

Nigeria’s multinational and financial services company First Bank Nigeria, has appointed Ebenezer Olufowose as the new chairman,  following the retirement of Tunde Hassan-Odukale, after twelve years at the bank. Announcing Olufowose…

TymeBank appoints Karl Westvig as CEO

Digital bank TymeBank has appointed Karl Westvig as its new chief executive officer. In a statement, the bank says current CEO Coenraad Jonker will turn his full attention to his role as…

First Bank of Nigeria Appoints Olusegun Alebiosu as Managing Director and CEO

First Bank of Nigeria (FBN) Limited has officially announced the appointment of Olusegun Alebiosu as its new Managing Director (MD) and Chief Executive Officer (CEO). This significant leadership change was…

NIBSS Appoints Mastercard’s Former VP Ebehijie Juliet Momoh as MD/CEO of AfriGOPay

The Nigeria Inter-Bank Settlement System (NIBSS) has announced a pivotal leadership change with the appointment of Ebehijie Juliet Momoh, formerly a Senior Vice President at Mastercard, as the new Managing…

UBA’s Group Managing Director Alawuba, Appointed Chairman CIBN Body of Banks CEOs

The Group Managing Director/Chief Executive Officer, United Bank for Africa, (UBA) Plc, Oliver Alawuba has been appointed as the Chairman of the Chartered Institute of Bankers of Nigeria (CIBN) Body…

FCMB Welcomes Ademola Adebise to Its Board of Directors

First City Monument Bank (FCMB) has appointed Ademola Adebise, a well-respected figure in the Nigerian financial industry, to its board of directors. In addition to strengthening its leadership team with…

VertoFX Appoints Dr. Austin Okpagu as Nigeria Country Manager 

 VertoFX, the global financial technology firm delivering enterprise grade cross-border payments, FX and banking solutions across emerging markets, has announced the appointment of Dr. Austin Okpagu as its first Country…

Africa’s Leading Venture Capital Leader, Kola Aina Joins EFInA Board

Enhancing Financial Innovation & Access (EFInA) Limited has announced the appointment of Kola Aina, Founding Partner and General Partner of Ventures Platform, Africa’s leading seed-stage venture capital firm, to its board of directors.…

Flutterwave Appoints Former Citi CFO Mitesh Popat, as Chief Financial Officer to Drive Growth And Financial Sustainability

Africa’s leading payments technology company, Flutterwave, has announced the appointment of Mitesh Popat as its new Chief Financial Officer (CFO). With over 20 years of global financial services experience spanning…

Nigerian Financial Authorities Unite to Simplify Bank Recapitalisation

The Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), and the Nigeria Deposit Insurance Corporation (NDIC) have announced a strategic partnership aimed at streamlining the bank recapitalisation…

Bank of Industry Secures Historic €1.43bn in Global Loan Syndication, Marking Largest Transaction in its History

The Bank of Industry (BoI) has raised an unprecedented €1.43 billion in the senior phase of its global loan syndication, marking the largest funding round in the bank’s history. The…

Rand Merchant Bank Nigeria Appoints Bayo Ajayi as CEO

The Board of Directors of Rand Merchant Bank (RMB) Nigeria has announced the appointment of Bayo Ajayi as the new CEO, following the Central Bank of Nigeria’s (CBN) approval. RMB…

Zone Partners NIBSS to Revolutionize Nigeria’s PoS Payment Infrastructure With Blockchain Technology

Zone Payment Network Limited has partnered with Nigeria Inter-Bank Settlement System (NIBSS) Plc, the National Central Switch, to launch Nigeria’s first Payment Terminal Service Aggregator (PTSA).  This collaboration is set…

Tony Elumelu Urges UCEE Microfinance Bank to Drive Prosperity Through Digital Microfinance at Launch Event

At the official launch of UCEE Microfinance Bank in Lagos, Tony Elumelu, Chairman of Heirs Holdings, called on the bank’s management to focus on improving lives and creating prosperity in…

TymeBank to Expand Into Indonesia , Following Southeast Asia Growth Strategy

South African digital bank TymeBank is set to extend its operations to Indonesia by the end of 2024, as part of its broader strategy to solidify its presence in Southeast…

Nigeria’s Remittance Surge: CBN Reports Record $553m Inflows for July 2024

In a remarkable financial development, the Central Bank of Nigeria (CBN) has reported a historic surge in remittance inflows, reaching an unprecedented $553 million in July 2024. This figure marks…

Fidelity Bank and Mastercard Launch “Fidelity Send” to Revolutionize Cross-Border Payments in Nigeria

Fidelity Bank Plc, in partnership with Mastercard, has launched a groundbreaking payment service named “Fidelity Send,” designed to streamline cross-border payments and remittances in Nigeria. Speaking at the launch event…