Biz Headlines

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced that its mobile banking application, FirstMobile, has been awarded the 2020 Best Mobile Banking App award 2020 in the Global Finance Best Digital Bank Awards 2020. The achievement of this feat is largely attributable to the Bank’s relative strength and […]

…says metering gas over 10 million   The Development Financing department of Central Bank of Nigeria on Monday released its framework for the National Mass Metering Programme.   The introduction of the Service-Based Tariff (SBT) in the Nigeria Electricity Supply Industry (NESI) effective Sept. 1, had put increased emphasis on the need to close the […]

Nigeria’s premier and leading financial inclusion services provider, First Bank of Nigeria Limited has announced that its CEO, Dr. Adesola Adeduntan has been honoured with membership of Bretton Woods Committee (BWC).  FirstBank has also joined Bretton Woods Committee as an Organisational Supporter in line with the commitment to demonstrate cooperation and foster global well-being.    […]

When Stripe announced earlier this year that it had picked up another $600 million in funding, it said one big reason for the funding was to expand its API-based payments services into more geographies. Today the company is coming good on that plan in the form of some M&A.   Stripe is acquiring Paystack, a […]

Veteran business growth executive, Stjepan Udovicic, has been appointed the Chief Commercial Officer of 9mobile (https://9mobile.com.ng/) by the Board of Directors of Emerging Markets Telecommunication Services Limited (EMTS), trading as 9mobile, the company said in an emailed statement Wednesday.   Udovicic possesses vast international experience working in the telecoms, technology and service sectors in Asia, […]

  Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has announced its audited financial results for the half year ended June 30, 2020, showing commendable growth across key performance indices as well as an increased contribution from its African subsidiaries.   Despite the challenging business and economic environment occasioned by the Covid-19 pandemic, […]

France’s largest hydrocarbons group Axens has won a contract to license key refinery technologies to one of Nigeria’s leading industrial conglomerates, the BUA Group, according to TheAfricaReport.   For Rabiu, the economics of the project are a ‘no-brainer’: “Nigeria imports 90% of it’s petroleum products. We spend 35% of our foreign exchange on importing petroleum […]