To deliver simpler, smarter banking solutions, Union Bank of Nigeria has partnered with the Pan-African Payment and Settlement System (PAPSS) network, a Financial Market Infrastructure that provides hassle-free and convenient cross-border money transfers to some selected African countries. This revolutionary payment solution for implementing the African Continental Free Trade Agreement (AfCFTA) is designed to transform how payments are made across Africa. With PAPSS, customers can send money instantly to Ghana, Kenya, Rwanda, Liberia, Sierra Leone, Gambia, Malawi, Zambia, Zimbabwe, Djibouti, Nigeria and more African countries in the future. Using PAPPS offers numerous benefits to customers, including, but not limited to,…
Author: Oluwatoyin Mathnuel
Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has been announced as the winner of the ‘Commercial Bank of the Year’ Award at the 2025 Nairametrics Capital Market Choice Awards (NCMC Awards). The announcement was made at the prestigious awards gala held on May 23rd at the Civic Center in Lagos, where standout performers across Nigeria’s capital markets were celebrated.The Nairametrics Capital Market Choice Awards is a data-driven platform that recognises excellence among publicly listed companies in Nigeria. Winners are selected based on key metrics such as revenue growth, profitability, return on equity,…
L-R: Victoria Uwadoka, Corporate Communications, Public Affairs and Sustainability Lead, Nestlé Nigeria, Wassim Elhusseini MD/CEO, Nestlé Nigeria, Idi Mukhtar Maiha, Honourable Minister, Federal Ministry of Livestock Development and Victor Egbon, Director, Ruminants and Monogastric Development, Federal Ministry of Livestock Development at the signing ceremony of the Letter of Intent between both organization’s to establish the Nestlé Dairy Training Center, in Abuja, today. Nestlé is pleased to announce an ongoing collaboration with the Federal Ministry of Livestock Development to launch a Dairy Technical Skills Development Program. This initiative, formalized through a Letter of Intent (LOI) signed today in commemoration of World…
By Oluwatoyin Mathnuel The CEO Nubia Africa Television, founder Heritage Humanitarian Foundation Princess Aladegoroye has registered her displeasure regarding her son’s ordeal over WASSCE, GCE year 2024. Aladegoroye said, I am actually stressed up and bitter because of the frustration and circumstances of my son who sat for the GCE, WASSCE examination in Nov/Dec 2024. The frustration started with the fact that a brilliant promising student is subjected to systemic failure by reasons of discrimination and withholding of his results by WAEC even when his NABTEB certificates should have gotten him direct entry to the university. The young man with…
The Command is aware of a viral video that captures a man who identified himself as “DJ young” and is being circulated on various social media platforms alleging misconduct by officers attached to Ebrumede Division, Warri Area Command. The Command, under the leadership of CP Abaniwonda Olufemi, views such allegations with utmost seriousness and unequivocally states that any form of abuse or unprofessional conduct by police officers will not be condoned under any circumstances. To this end, the CP has directed an immediate and thorough investigation into the incident. He encourages any individual or group particularly the victim “DJ young”…
By Tosin Ajayi Firstmonie Agent Credit Scheme is a FirstBank’s digital lending solution designed to empower a wide range of low-income individuals who face barriers in accessing traditional credit channels. This innovative program offers financial support to Firstmonie Point-Of- Sale agents by enabling them to overcome liquidity challenges and capitalize on new opportunities without disruption in business due to lack of funds in agents accounts. The Agent Credit scheme is aimed at bridging financial gaps and solving liquidity challenges, resulting from depleted account balances, even when the Agents have physical cash at hand. The scheme helps them to run business…
Global credit rating agency, Fitch Ratings, has affirmed Fidelity Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ and upgraded its National Long-Term Rating to ‘A+(nga)’ from ‘A(nga)’. The upgrade, announced on May 29, 2025, reflects the bank’s strengthened capital buffers and improved profitability, signaling continued positive momentum in its performance. According to Fitch, the rating upgrade is underpinned by Fidelity Bank’s successful capital raise through a rights issue and public offer, as well as a notable improvement in profitability—driven by higher interest income and a stable base of low-cost current and savings deposits. Commenting on the announcement, Managing Director/CEO…
As IGP Reaffirms Commitment to Public Safety, Crime Reduction. The Nigeria Police Force, through multiple coordinated efforts in Abia and Kogi State Commands, has recorded significant success in the fight against crime with the rescue of trafficked children and the interception of illegal arms. These developments underscore the Force’s renewed dedication to ensuring the safety and security of lives and property across the country. Recently, Officers of the Kogi State Police Command intercepted a green-colored Sharon vehicle that ran through a security checkpoint at high speed. The team engaged the bus in a hot pursuit, and the driver, upon realising…
Several mysteries have happened in the political space of Nigeria but if what happened on Saturday between Governor Sanwoolu and President Tinubu isn’t a mistake, then we are about to witness the biggest political fracas in the country. Governor Sanwoolu has been in the news since yesterday following the cold reaction he got from President Tinubu when he tried to greet him at the venue for the commissioning of Lagos-Calabar costal highway. The president, who got a standing ovation on arrival at the fully packed event centre, was seen in a video exchanging pleasantries with governors, senators and very important…
KCB Group PLC (KCB Group) and Access Bank PLC(Access Bank) have completed the sale of National Bank of Kenya Limited (NBK) toAccess Bank Plc, marking the conclusion of a transaction that began in March 2024.This follows the receipt of all regulatory approvals customary for a transaction of thisnature.As a result, NBK, where KCB Group had 100% ownership, is now a wholly ownedsubsidiary of Access Bank Plc. NBK and Access Bank Kenya will continue to operateindependently, pending the completion of all integration processes.The acquisition is a pivotal step in Access Bank’s expansion strategy in East Africa.The combined entity will significantly enhance…