Unity Bank, AfriGo Explore Collaboration to Deepen Access to Electronic Payments
Unity Bank, AfriGo Explore Collaboration to Deepen Access to Electronic Payments LAGOS.02.06.2025. Unity Bank Plc has reaffirmed its commitment to advancing electronic payment adoption and financial inclusion by partnering with domestic card scheme provider, AfriGo, to boost card usage across its retail customer segments. This pledge was made during a high-level strategic business engagement held at Unity Bank’s head office in Lagos on Friday, with AfriGo’s Executive Management team. L-R: Mr. Wale Ogunride, Zonal Head, Lagos and South West, …
Fitch Upgrades Fidelity Bank’s National Rating to ‘A+(nga)’, Affirms Long-Term IDR at ‘B’
Fitch Upgrades Fidelity Bank’s National Rating to ‘A+(nga)’, Affirms Long-Term IDR at ‘B’ 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…
ECOWAS leaders say Dangote Refinery Symbolises Hope for Africa
ECOWAS leaders say Dangote Refinery Symbolises Hope for Africa … We’ve capacity to meet ECOWAS’s petroleum needs - Dangote Towering over the Lekki Free Zone on the edge of the Atlantic, the Dangote Petroleum Refinery is more than just a feat of engineering; it has become a symbol of ambition, vision, and industrial self-reliance for an entire continent. Now, that promise has been affirmed by the region’s highest political and economic bloc, the Economic Community of West African States (ECOWAS). DSC 6737; L-R; President of the ECOWAS Commiss…
ANOTHER MILESTONE ACHIEVED: FIRSTBANK DISBURSES N1 BILLION IN ONE DAY, THROUGH AGENT CREDIT SCHEME
ANOTHER MILESTONE ACHIEVED: FIRSTBANK DISBURSES N1 BILLION IN ONE DAY, THROUGH AGENT CREDIT SCHEME 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. …
Stanbic IBTC Bank Nigeria PMI: Business activity continues to rise, but growth eases to four-month low
Stanbic IBTC Bank Nigeria PMI: Business activity continues to rise, but growth eases to four-month low Although the Nigerian private sector remained in growth territory midway through the second quarter of the year, there were signs of a slowdown in the latest survey period as inflationary pressures remained elevated. Rates of expansion in output and new orders eased in May, while employment dipped for the first time in six months. The headline figure derived from the survey is the Stanbic IBTC Bank Purchasing Managers’ Index™ (PMI®). Readings…
Zenith Bank Remains Nigeria's Largest Bank by Profit in Q1 2025
Zenith Bank Remains Nigeria's Largest Bank by Profit in Q1 2025 Group Managing Director/Chief Executive of Zenith Bank Plc, Dame (Dr.) Adaora Umeoji Despite the challenging macroeconomic environment, Zenith Bank has remained resilient as it remained Nigeria’s largest bank by profit in the first quarter (Q1) of 2025. Zenith Bank recorded profit after tax (PAT) of N311.83 billion as a diversified revenue base enabled consistent earnings growth, according to data gathered by MoneyCentral. That compares with the bottom lines of Guaranty Trust …
Ecobank and Qatar Airways Celebrate Top Exhibitors at ‘Oja Oge’ Fair
Ecobank and Qatar Airways Celebrate Top Exhibitors at ‘Oja Oge’ Fair Tomilola Fetuga (left), Head of Brand Management and Experiential Marketing, and Omoboye Odu (right), Head of SME Banking, both of Ecobank Nigeria, presenting a cash prize to a representative of Accessories by Morgan for recording the highest volume of transactions during the ‘Oja Oge by Ecobank’ fair held in Lagos. Lagos, Nigeria – June 1, 2025 – Ecobank Nigeria, in partnership with Qatar Airways, has recognized and rewarded outstanding exhibitors at the recently conclude…
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