Nigeria’s Kudi Metamorphosis into Nomba By Modupe Gbadeyanka An African financial technology (fintech) company based in Nigeria, Kudi, has transformed into Nomba, an omnichannel payment platform providing tools to enable businesses to grow. According to a statement issued by the firm, with Nomba, underserved and full-fledged businesses can self-onboard in five minutes and order a […]
Tag: XNSA_GUARANTY
Ecobank Leads as 10 Commercial Banks Spend Over N400bn on Staff Salaries, Wages In 12 Months
Working in the banking industry is a dream for many Nigerian graduates because they believe there is a lot of money to be made And indeed there is, as 10 commercial banks paid workers salaries and wages of over N400 billion in 2021 The amount captured in this report only covers salaries and wages and […]
Court orders AMCON take over Babatunde Folawiyo’s assets
Tijani Babatunde Folawiyo Akin Kuponiyi A Federal high court sitting in Lagos on Thursday granted an order for AMCON to take over the assets of a Lagos businessman Tijani Babatunde Folawiyo. The asset seizure was ordered based on Falawiyo’s unpaid debt of N727.9 million. The order of the court was sequel to an application filed […]
Nigeria: More Nigerian Banks Limit Foreign Currency Spending On Naira Cards
A person holds cash in different currencies. <i>Customers will not be able to spend above $20 or $50 a month on their naira cards.</sub> More Nigerian banks have reduced their monthly international spending limit on naira cards. The banks informed their customers they were reducing the limit from $100 to either $20 or $50 a […]
IWD: Can we celebrate these top female CEOs of listed companies
As the world celebrates international women’s day today, women around the world are seen striking an X pose to represent this year’s international women’s day theme. The 2022 international women’s day themed, “break the bias” marks this year’s special event which is usually celebrated every 8th of March by people around the world. According to […]
Nigeria: Trading in Fixed Income, Currency Markets Slumps to N14trn
Trading in the fixed income and currency (FIC) market has slumped back to declining trend after the December 2021 uptick. The January 2022 report just released by the FMDQ Exchange, Nigeria’s financial markets trading platform, has put transaction volume at N14.13 trillion, 31.21 percent down from N20.54 trillion recorded in December, 2021. This is even […]
GTCO to pay shareholders N88 billion total dividend
Guaranty Trust Bank (GTB) Guaranty Trust Holding Company PLC will pay shareholders a total dividend of N88.293 billion, translating to N3.0 for every share. of 50kobo, the firm said in a document published on the Nigerian Exchange Limited website and seen by PREMIUM TIMES on Friday. GTCO paid 30 kobo interim dividend for the first […]
Nigeria: Trading in Fixed Income, Currency Markets Slumps to N14trn
Trading in the fixed income and currency (FIC) market has slumped back to declining trend after the December 2021 uptick. The January 2022 report just released by the FMDQ Exchange, Nigeria’s financial markets trading platform, has put transaction volume at N14.13 trillion, 31.21 percent down from N20.54 trillion recorded in December, 2021. This is even […]
Ecobank, Sterling Bank, Stanbic IBTC, others in trouble
For the first time in 2022, the Central Bank of Nigeria (CBN) has wielded the big stick and debited Zenith Bank Plc, Providus Bank, First City Monument Bank (FCMB) Limited and 11 other banks N356.1billion for failing to meet its 27.5 per cent Cash Reserve Requirement (CRR) obligation. The fresh debit, it was reliably gathered […]
International Finance Corporation to extend $15m loan to GTBank
A GTBank branch in Nairobi, Kenya. PHOTO | FILE | NMG The International Finance Corporation (IFC) has announced it has extended a $15 million loan to Guaranty Trust Bank (Kenya) Ltd for lending to local businesses in the country, making it the third bank to secure such a facility in Kenya since the beginning of […]
