ABBEY MORTGAGE BOOSTS PROFITS WITH REDUCED NON-PERFORMING LOANS AFFIRMING SUCCESSFUL RISK MANAGEMENT TACTICS (Reporter: Tobi Adetunji)

Abbey Mortgage Plc continues to enhance its earnings, overcoming the impact of inflationary pressures, attributed to the Bank’s successful risk management strategies, particularly the reduction in Non-Performing Loans (NPLs). In December 2023, the mortgage firm observed an 11.79 percent surge in net profit, reaching N856.26 million compared to N766.19 million in December 2022. Notably, interest […]

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AMERICAN EXPRESS COLLABORATES WITH VISA AND MASTERCARD TO PROVIDE REAL-TIME STREAMS THROUGH FYLE.

A novel collaboration in B2B payments has expanded the options for Fyle users, who can now utilize American Express virtual Cards for various transactions. Fyle, a platform dedicated to expense management through existing credit cards, has introduced a fresh integration with American Express. This integration enables U.S. Business and Corporate Card Members to effortlessly issue […]

1 min read

EMPOWERING BUSINESSES WITH FINANCIAL EXCELLENCE: EMERGENCE CAPITAL’S INNOVATIVE APPROACH

In a time where the challenge of attracting and retaining lucrative clients is an ongoing struggle, Emergence Capital stands as a symbol of resilience. The financial services sector contends with increased competition, evolving standards, and heightened customer expectations. Thriving in the financial services industry requires a nuanced approach. The landscape is transforming with intensified competition, […]

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UNN ranks top in Nigeria’s varsity journal publications

The University of Nigeria, Nsukka (UNN) in Enugu State has been ranked ahead of other Nigerian tertiary institutions in the Scopus 2024 most scholarly output for higher education institutes. According to the data released by Scopus, the University of Nigeria, Nsukka amassed 7025 publications contributed by 5813 authors. This was confirmed in Elsevier’s abstract and […]

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FUELING INNOVATION, INDRIVE UNVEILS NEW VENTURES DIVISION WITH $100 MILLION FOR STARTUP INVESTMENTS

Mobility platform inDrive is embarking on a journey of innovation, unveiling a novel venture and merger and acquisition (M&A) division called New Ventures Investments. Backed by a dedicated fund of up to $100 million, this arm is poised to invest in promising startups. Heading the New Ventures unit is Andries Smit, an accomplished investment professional […]

1 min read

IN JANUARY 2024, AFRICAN STARTUPS SECURED FUNDING AMOUNTING TO $83 MILLION(News Reports: TIMI ODUESO)

In the initial month of 2024, African startups experienced a slow start, securing only $83 million across 31 disclosed deals, as reported by Africa: The Big Deal. This reflects a substantial decrease from the $545.1 million garnered in 20 deals during the corresponding month in 2023, indicating an 84.8% year-on-year decline. It’s worth noting that […]

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STRATEGIC VISION FOR HYDROGEN’S ROLE IN FACILITATING 33% OF PAYMENT TRANSACTIONS ACROSS AFRICA

Nigeria’s fintech landscape has been a hub of innovation for the past two decades. In 2000, automated teller machines were a rarity, and people endured long queues to withdraw money. Electronic payments were virtually non-existent. However, companies like Interswitch paved the way for improved access to cash and digital payments. Recent players like Paystack and […]

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LAGOS UNVEILS ELECTRONIC GEOGRAPHIC INFORMATION SYSTEM (E-GIS) PLATFORM FOR ONLINE LAND TITLE APPLICATION AND VERIFICATION

The introduction of the electronic Geographic Information System (e-GIS) platform by the Lagos state government allows residents to submit, explore, and authenticate land titles online throughout the state prior to any purchase. Governor Sanwo-Olu revealed this information on Friday through his verified X handle. The Governor emphasized that the e-GIS platform has digitized accessibility to […]

1 min read