AN indigenous technology company, Optimus AI Labs, is strengthening its push into enterprise artificial intelligence (AI), with focus on improving customer support and service delivery across the country’s financial services industry. Speaking with a group of media execs in Lagos, its Chief Executive Officer and Co-Founder, Lanre Basamta, said Optimus AI Labs has spent the…
Access Bank has provided a naira debt facility to partly fund the aircraft acquisition of Nigeria’s Lagos-based value airline – Green Africa Airways. The facility by the financial institution, the Green Africa Airways’ spokesperson / Brand Marketing Specialist, Omolora Kehinde, said is a significant step in the mission of the carrier to provide safe, affordable…
Nigeria’s Securities and Exchange Commission (SEC) said over N2.7 trillion has been raised in the capital market by banks and other companies with approximately N1.7 trillion raised by banks in onging recapitalisation exercises. Director-General of SEC, Dr. Emomotimi Agama, disclosed this to reporters during the 2024 SEC Journalists Academy with: “Fintech: Leveraging Technology to Drive…
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…
In line with its commitment to support women and youth-owned businesses in Nigeria, Access Bank Plc, has partnered with the Federal Government of Nigeria to provide N30 billion in support for four million Micro, Small and Medium Enterprises (MSMEs).The Group Managing Director/Chief Executive Officer of Access Bank Plc, Roosevelt Ogbonna, made this known in an…
The Aig-Imoukhuede Foundation, with support from Access Bank Plc, has donated 11 laptops to the Office of the Head of the Civil Service of the Federation (OHCSF) to bolster its Enterprise Workspace Management Solutions (E-WMS) Project.The E-WMS utilises automation to optimise office space allocations within Federal Secretariat Complexes, enabling the OHCSF to monitor office spaces,…
Nigerian banks are faced with low growth and a punitive cash reserve ratio of 27.5% at home. They are betting on the African Free Trade Zone to expand elsewhere on the continent. However, the profitability of their subsidiaries outside Nigeria is relatively average. Are they falling into an expansionary trap? A pastoral setting, an elegantly…
