30 results
- 14 Nov 2023
Interswitch System Glitch: Court Orders Freezing of Accounts in 54 Banks
Justice Peter Lifu (JP) of a Federal High Court sitting in Lagos has granted an order freezing some accounts in about 54 financial institutions in the country where alleged funds from Interswitch…
- 10 Apr 2022
CBN Approves DLM Capital Group’s Acquisition of Links Micro Finance Bank
Prominent Development Investment Bank, DLM Capital, has received the final approval of the Central Bank of Nigeria (CBN) for its acquisition of Links Microfinance Bank. This approval will further…
- 21 Aug 2016
Group Targets Microfinance Bank, Tasks Youths on Positive Mindset
A clergy, Pastor Emeka Okoye, has linked Nigeria’s desired greatness to how independent the young people are with positive mindset to represent the country in the contemporary society, even as the…
- 25 May 2026
NIBSS Blames System Glitch for Disappearance of N13.66Bn, Seeks Court Nod for Recovery
Nigeria Inter-Bank Settlement System Plc (NIBSS) has sued 19 commercial and microfinance banks, over N13.66 billion allegedly lost to unauthorized transfers following a major glitch on its payment…
- 6 Mar 2023
Sofri Rewards Customers with N1 Million
Sofri (powered by Links Microfinance Bank) has recently flagged off its weekly raffle draw “Sofri 10k awoof promo (Season 1)’. 100 winners will emerge in the weekly raffle draws with instant cash…
- 11 Nov 2022
DLM Capital Group, Sofri Win Big in BAFI 2022
Investment Bank in Nigeria, DLM Capital and its subsidiary – Sofri (Sofri, powered by Links Microfinance bank) have bagged award of recognition and excellence at the just concluded BusinessDay Banks’…
- 22 Jun 2025
Sofri Rejigs Digital Platforms for Better Customer Experience
Sofri, Powered by Links Microfinance Bank plans a massive rollout of Point of Sale, PoS terminals for merchants and agency banking in the third quarter of this year. This is coming against the…
- 25 Aug 2024
#EndBadGovernance Protest: Court freezes 32 individuals, coys’ bank accounts
A Federal High Court in Abuja has frozen the bank accounts of 32 individuals and companies’ linked to the 10-day #EndBadGovernance Protest organised across the country pending investigation and…
- 30 Sept 2022
Sofri Partners CarePay to Commemorate Independence Day with Discounted Healthcare Services
Sofri, a financial product of Links Microfinance Bank (member, DLM Capital Group), in partnership with CarePay, a healthcare fintech in commemoration of Nigeria’s 62nd. Independence celebration is…
- 7 Apr 2021
DLM Capital Group to Tap into Nigerias Fintech Opportunity, Acquires MFB License
Nigeria leading developmental investment bank, DLM Capital Group, has today announced its plans to expand into Nigerias million-dollar fintech sector following its acquisition of Links Microfinance…
- 1 Aug 2021
DLM Capital Group Announces Winner for its 2021 Pegasus Fintech Challenge
DLM Capital Group, Developmental Investment institution, through its digital banking subsidiary “SOFRI” has announced EazyChange as the winner of the first edition of its Fintech pitch competition…
- 23 Mar 2009
There’s a Line Between e-Payment and Mobile Payment-Moroney
Sean Moroney, is chairman of Aitec Africa, whose core business since 1987 has been focussed on ICT publishing, event management, professional development and training in Africa. Moroney’s…
- 23 Mar 2009
There’s a Line Between e-Payment and Mobile Payment-Moroney
Sean Moroney, is chairman of Aitec Africa, whose core business since 1987 has been focussed on ICT publishing, event management, professional development and training in Africa. Moroney’s…
- 19 Sept 2019
NCC Threatens Fine, Imprisonment over Illegal Use of 5.4GHz
Nigerian Communications Commission (NCC) has threatened to impose sanctions, including imprisonment, fine and confiscation of equipment being used by some companies and agencies of government to…
- 23 Feb 2026
Retiree Slams N50m Suit against over Alleged Privacy Breach, Unauthorized Accounts
Abiodun Olokunjuwon, a retired civil servant based in Ibadan has instituted a N50 million lawsuit against Moniepoint Microfinance Bank at the Oyo State High Court, alleging that the fintech company…
- 3 Dec 2025
NDIC @ Kano Trade Fair, Warns Nigerians against Ponzi Schemes
Nigeria Deposit Insurance Corporation (NDIC) has cautioned Nigerians to be wary of Ponzi schemes and fraudulent investment platforms, warning that such scams continue to endanger the hard-earned…
- 12 Feb 2026
NDIC Moves to Boost Customers’ Confidence in Nigerian Banks
The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to safeguarding the nation’s financial system, announcing that its recent upward review of the maximum deposit insurance…
- 15 Jul 2021
LAPO MFB’s Solid Support for Nigerian Women and Widows
By Bola G Ajayi It’s no exaggeration to say that gender equity is inscribed in the very DNA of LAPO Microfinance Bank and the other components of the LAPO Group. The first beneficiaries of this…
- 26 Mar 2012
Paga’s Financial Inclusion Project Gets $2M Boost
Enhancing Financial Innovation & Access (EFInA) has committed $2million to expand financial services to the un-banked and under-banked segments of the populace. EFInA, a financial sector development…
- 30 Mar 2014
Bickersteth, One Network Boss Says Broadband Is Critical in Agent Banking
Sola Bickersteth, chief executive officer, One Network, has described broadband as critical infrastructure in achieving the proposed agent banking of the Central Bank of Nigeria (CBN). Bickersteth,…
- 19 Mar 2025
Court Slams Zenith Bank with N30m Damages over Fraudulent Debits in Customer’s Account
Justice Alexander Owoeye of the Federal High Court in Lagos has ordered Zenith Bank Plc to pay Christomax Concept Limited the sum of N30 million as general and aggravated damages for fraudulently and…
- 1 Oct 2024
NDIC Partners Judiciary to Prosecute Failed Banks
Nigeria Deposit Insurance Corporation (NDIC), has strengthened its partnership with the judiciary aimed at enhancing the prosecution of failed banks, according to Bello Hassan, managing director of…
- 27 Feb 2026
Alerzo Liquidates Delivery Fleet as N4.38bn Moniepoint Loan Row Deepens
Nigerian B2B e‑commerce platform Alerzo is disposing of large parts of its delivery fleet, including buses, motorcycles, and operational vehicles, as it contends with a N4.38 billion debt owed to…
- 17 Jun 2025
Loan Defaulters Risk Denial of Passport Renewal, Others- CREDICORP
Uzoma Nwagba, managing director, Nigeria Consumer Credit Corporation (CREDICORP), has announced that failure to repay loans may soon affect citizens’ access to essential services such as passport…
- 29 Jul 2026
CBN Fines Banks N430m for Ignoring Customers' Complaints
Central Bank of Nigeria (CBN) imposed N430 million in penalties on financial institutions in 2025 over delays in resolving customer complaints and failure to comply with its directives, underscoring…
- 31 May 2010
CBN Decries Lack of Proper Understanding of Concept, Best Practice by MFBs
The Central Bank of Nigeria (CBN) has cited a complete lack of understanding of the ideal and methods for operating micro-finance banks, in the process of reviewing the licenses of some micro-finance…
- 14 Oct 2020
Ecobank Rewards Xpress Point Agents
Ecobank Nigeria has rewarded its Agency Banking partners, also known as Xpress Point Agents across the six geo-political zones of the country with mouthwatering gifts for their performances from…
- 18 May 2020
Ecobank Reaffirms Commitment to Build Entrepreneurs, Support Financial Inclusion through Xpress Point Agents
Ecobank has reiterated that its agency banking scheme, also known as Xpress Points, is building entrepreneurs and pushing financial inclusion to the large unbanked and under-banked population in…
- 21 Oct 2025
Banks' Funding Failure: The Shocking Rot In Nigeria's Intervention Programmes
By Blaise Udunze For over a decade, the Nigerian government and its financial institutions have launched a flurry of intervention funds, all with the promise to empower industries, revive the…
- 7 Dec 2021
IFIN Wins First Prize in EFICA Awards 2021
IFIN (“Islamic Finance Initiation Network”) the first of its kind fintech, stands out with its state-of-the-art solutions for the Islamic finance industry and wins the Ethical Finance Initiative…