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 […]

Standard chartered bank has revealed its global market outlook for 2024, featuring insights from Ayodeji Adelagun, the managing director/head of financial markets for Nigeria & rates & credit for West Africa at the bank. Adelagun suggested that to maintain a stable economy and prevent bankruptcy, Nigeria needs to borrow approximately N21 trillion in 2024. Despite […]

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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

The National Council on Climate Change (NCCC) and Climate Action Africa (CAA) have forged a strategic alliance to confront the urgent issue of climate change in Nigeria. The formalization of this collaboration occurred through the signing of a Memorandum of Understanding at the NCCC office in Abuja on the previous day. This partnership seeks to […]