Access Bank and MasterCard have partnered to boost cross-border payments with a unified money movement solution, enabling businesses and consumers to send and receive international payments to and from over 150 countries. This was revealed to by Trust News Africa that the partners at the launch of the solution, which would run on the Access…
The International Monetary Fund (IMF), has recommended that Nigeria’s government mandate global crypto trading platforms to register or secure licenses before commencing operations in the country. This recommendation was outlined in the IMF’s most recent staff report, unveiled on Thursday, subsequent to the conclusion of its 2024 Article IV consultation with Nigeria The report suggested…
The Managing Director of United Bank for Africa, Oliver Alawuba, has said that sound governance, robust risk management, and financial strength spurred the banking group to triple-digit growth across key metrics in the first quarter of 2024. Alawuba said this in a statement issued by the bank on Tuesday following the release of its Q1…
Normalcy is gradually returning to the supply and distribution chain of Premium Motor Spirit (PMS) or petrol, following the scarcity of the product in the last three weeks.The Nigerian National Petroleum Company Limited (NNPCL) blamed the development on “logistics” issuesThe improved petrol supply across the country, The Nation gathered yesterday, was not unconnected with the…
Government’s desire to boost revenue generation in the aviation, maritime, oil and gas, logistics and allied value chain is birthing partnership with private sector players. The exclusive rights granted to an indigenous firm – NAEBI Dynamic Concepts Limited for the collection of helicopter landing levy at all aerodromes, helipads, oil rig platforms and other facilities…
The FCMB Group has revealed that it would be seeking shareholders’ approval to raise about N150bn in additional capital. This was disclosed in its notice of its Annual General Meeting filed with the Nigerian Exchange Limited on Wednesday. This came weeks after the Central Bank of Nigeria directed Deposit Money Banks to recapitalise with banks…
FCMB Group Plc has revealed that its digital revenue improved by 62.4 per cent in 2023 to N60.3bn from N37.1bn in the previous year. The lender disclosed in its 2023 audited financial, which was filed with the Nigerian Exchange Limited. FCMB Group in the year under review saw its adoption of technology improve reflecting an…
Access Bank Plc has partnered with 9ijakids and Kidpreneur Africa to empower over 90,000 African children with essential financial management skills in Nigeria and five other countries. According to the lender in a statement, African countries ranked the lowest globally in financial literacy rates among youth. “A survey conducted by the United Nations Educational, Scientific…
First City Monument Bank Group Plc, has announced an N104bn profit before tax for the period ending December 31, 2023, marking an increase of 186 per cent year-on-year from N36.6bn in 2022. The group said the growth was reflected across all business segments, with the Banking Group, Consumer Finance, Investment Management, and Investment Banking divisions…
