30 results
- 10 Aug 2026
UBA, Mikano Motors Launch Auto Financing Scheme With 30% Down Payment
United Bank for Africa (UBA) Plc, africa’s global bank, has partnered Mikano Motors to launch an auto financing scheme, themed: ‘Drive Your Dream Today’, specifically designed to ease the purchase of…
- 14 Apr 2009
e-Dividend Cuts Courier Operators Profit by 30% ..Companies Eye Alternative Windows
Electronic payment of dividends (e-dividends) has dealt a harsh blow on the courier companies with profits nose-diving by as much as 30 per cent as the Nigerian stock market implements the technology…
- 2 May 2023
Nomba Raises $30M Pre-Series B to Deliver Bespoke Payment Solutions for African Businesses
Nomba, a payment service provider for African businesses, has raised a $30 million Pre-Series B funding round to support the delivery of bespoke payment solutions for African businesses. The…
- 29 Jun 2022
New Report Reveals Preference for Ease of Use, Reliability and Speed in B2B Payments by African Businesses
A new report that includes the surveyed opinions of more than 1,000 business owners from Kenya, Nigeria, South Africa and Egypt has revealed ease of use, reliability and speed as the preferred…
- 2 Sept 2022
Duplo Secures $4.3M Seed Funding to Transform Business-to-Business Payments in Nigeria
Duplo, a business-to-business payment platform that makes it easier for African businesses of all sizes to pay each other, has raised $4.3 million in seed funding to launch new products and expand…
- 28 May 2013
Families Sue Dana Airlines over Plane Crash
65 of the families both Nigerians and foreigners have instituted legal action against Dana airlines, the owners of the airlines that crashed at the Iju-Ishaga area of Lagos state killing all the…
- 5 Apr 2018
Consumers Using Mobile Wallet to Total 2.1B in 2019 - Report
Nearly 2.1 billion consumers worldwide will use a mobile wallet to make a payment or send money in 2019, up nearly 30 percent from 1.6 billion recorded at the end of 2017, according to a new study by…
- 30 Oct 2015
Verve Launches Services in East Africa
Verve International (‘Verve’), the leading African payment card brand, has announced its official entry into the Kenya market at a launch in Nairobi. The launch included the announcement of a…
- 20 Oct 2023
NDIC Refunds N1.2Bn to MFBs, PMIs, Victims of CBN Liquidation
Nigeria Deposit Insurance Corporation (NDIC) has said it has so far made refunds of N1.2 billion deposits to some of the 189 Microfinance Banks (MFBs) and the four Primary Mortgage Institutions…
- 11 Sept 2012
Local Equipment Suppliers Should be Encouraged - Okafor
Edwin Okafor is managing director of Adimo Electronics Limited - suppliers of telecommunication equipment. A consummate entrepreneur with skills in electrical and telecom installations and networking…
- 17 Feb 2016
CBN Eyes Exchange Rate of N500 to Dollar
Central Bank of Nigeria is reportedly pushing for exchange rate of N500 to a dollar at the parallel market to discourage importation of frivolous items into the country and in the process, conserve…
- 9 Jan 2015
NATCOM Makes Part Payment of N12.7Bn for NITEL/MTEL
Bureau of Public Enterprises (BPE) said that the preferred bidder at the recently held liquidation of NITEL/MTEL had paid $75.7 million (N12.7 billion) as part payment of its $252.5 million bid…
- 2 Oct 2023
NDIC Begins Payment of N16.18Bn to Liquidated Banks’ Depositors
Nigeria Deposit Insurance Corporation (NDIC) has declared N16.18 billion liquidation dividends to depositors, creditors and shareholders of 20 banks in-liquidation. This followed impressive…
- 25 Apr 2014
CBN Barks, Threatens to Sanction Banks over Card Security
Central Bank of Nigeria (CBN) has set November 30 deadline for banks in the country to meet specified payment card security specifications, in a move to combat card fraud in the financial system.…
- 19 Oct 2017
4 Great Apps for SME
By Damilola Ojo Starting and managing a business requires quite a lot of effort and as an entrepreneur, if you are looking to increase productivity and organization consider using these great apps…
- 15 Jun 2015
Carmudi Nigeria, Rosabon Offer Online Car Zero Collateral Loan
Carmudi.com.ng, Nigeria’s fastest growing online car classified and winner of the 2015 Beacon of ICT award “Automotive Portal of the Year” has partnered with leading Award-Winning financial firm,…
- 3 Feb 2023
ALAT by Wema Partners Samsung for Pre-orders of New Diamond Series Availability in Nigeria
In a deal announced early this week, ALAT by Wema has announced a partnership with South Korean manufacturer Samsung Electric Industries to sell Samsung Diamond Series phones. Olusegun Adeniyi, chief…
- 2 Dec 2015
Verve Launches ’Verve world’ Mobile app
Verve International has launched a revolutionary mobile app, ‘Verve World’, which enables cardholders to store all their payment options and to carry out everyday transactions without physically…
- 5 Aug 2016
MTN Reports $357m Loss, Slashes Dividend
MTN Group Ltd, Africa’s biggest mobile phone operator reported a $357 million half-year loss on Friday and cut dividend payouts, following regulatory fine in imposed on the operators by the Nigerian…
- 13 Apr 2015
NATCOM Consortium Pays Outstanding N29.6Bn for NITEL, MTel
NATCOM Consortium, the preferred bidder of Nigerian Telecommunications Limited (NITEL) and its mobile arm (MTEL), has paid $176,575,700 (N29,696,469,600) being the outstanding 70 per cent of…
- 30 Sept 2017
Court Orders MTN to Pay Ex-Nigerian Staff N4.8Bn
National Industrial Court of Nigeria (NICN), Akure Division, has ordered MTN Nigeria Communications Limited and MTN International, Mauritius, to pay its former Network Group Operations Manager, Mr…
- 17 Jul 2018
ALTON Fumes as Rivers Seals 9mobile Office
The Association of Licensed Telecommunication Operators of Nigeria (ALTON), has decried the unilateral closure of 9mobile Port Harcourt Regional Office by officials of Rivers State Internal Revenue…
- 20 Dec 2016
Paystack, Nigerian Startup Raises $1.3m
Paystack, one of Nigeria’s most hotly anticipated tech start-ups, has just secured $1.3m seed investment from both international and homegrown investors, according to Forbes. This is coming after…
- 7 Nov 2021
Sterling Bank, Coscharis Motors Partner on E-Commerce, Vehicle Finance
Coscharis Motors Plc has partnered Sterling Bank towards on-boarding its vehicles on the bank’s non-Interest Banking Division platform- AltDrive. The objective is to ease the road to ownership via…
- 14 Apr 2020
LCCI Asks FG to Suspend 7.5Per Cent VAT
Lagos Chamber of Commerce & Industry (LCCI) has called on the Federal Government to, among other things, suspend the implementation of the 50 per cent increase in Value Added Tax (VAT) till the…
- 5 Jan 2026
Flutterwave Acquires Nigeria’s Mono in $25m-$40m All-Stock Deal
Flutterwave, Africa’s leading fintech giant, has acquired Nigerian open banking pioneer Mono in an all-stock transaction valued at $25 million to $40 million, sources familiar with the matter said.…
- 9 Sept 2015
Yudala Oils Machine for Annual Neighbour- Neighbour Mega Sales
Yudala, Nigeria’s first true composite retail chain is set to launch the maiden edition of its annual initiative tagged Yudala Neighbour to Neighbour mega sales from September 21 to October 2. The…
- 1 Sept 2021
PwC Faults Tax Tribunal’s Order on N900Bn Payment in FIRS Tax Claims against MultiChoice
PwC, leading professional services firm, has questioned the recent ruling of the Tax Appeal Tribunal (TAT) ordering MultiChoice Nigeria to deposit N900bn, half of the N1.8 trillion the Federal Inland…
- 10 Jan 2018
CBN, Experts Say Bitcoin is Dangerous Scam
Central Bank of Nigeria (CBN) has warned Nigerians and financial institutions to stay away from bitcoin and other digital currencies. Experst also said that when bitcoin inevitably crashes,…
- 30 Jun 2016
MTN Pays First Instalment of Record Fine
MTN says it has already paid its first N30 billion instalment to the NCC, although it was only due next week. MTN has paid the first of six instalments to settle a $1.671 billion fine in Nigeria and…