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…

Zenith Bank Achieves Triple-Digit Growth in H1 2024 Amid Challenging Economic Conditions

One of Nigeria’s leading financial institutions, Zenith Bank Plc, has reported exceptional financial results for the half-year ending June 30, 2024, showcasing a remarkable 117% surge in gross earnings, reaching…

UCEE Microfinance Bank Kicks Off Operations With Mobile App to Drive Financial Inclusion in Nigeria

UCEE Microfinance Bank, a subsidiary of United Capital Plc, has officially launched its services, introducing a mobile app designed to enhance financial accessibility across Nigeria. The bank’s grand opening took…

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…