Author: Rommy Imah

Reports were made at FBNQuest Merchant Bank’s 9th Annual General Meeting FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, successfully held its 9th Annual General Meeting recently. The gathering served as a platform to present the Bank’s Annual Report and Financial Statements for the financial year ended December 31, 2023. Amid the prevailing economic challenges, the Bank reported a robust financial performance and outlined strategic growth initiatives aimed at delivering sustainable value to its shareholders. Mallam Bello Maccido, Chairman of the Board of Directors, commended the Bank’s resilience in navigating through the complexities of…

The PalmPay And Lagos Partnership Will Bolster State Agric Initiative With Effortless Payment Solutions PalmPay, a leading fintech platform, has partnered with the Lagos State Government to bolster its agricultural initiative. The partnership will ensure the offering of robust payment solutions to empower residents and businesses with the financial tools for success through the Lagos Food Discount Market initiative – Ounje Eko. Ounje Eko which means ‘Lagos Food’, is a food intervention programme by Governor Babajide Sanwo-Olu of Lagos State, aimed at providing succour to residents and taking place across five (5) divisions of the State. The Ounje Eko markets…

Mastercard and Access Bank Group have launched a unified cross-border money movement solution across various African markets Leading multinational bank, Access Bank Group, on Wednesday launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances to and fro the continent, bringing Africa closer to the global economy. By leveraging the network and treasury capabilities of Mastercard Move, Access Bank, through its cutting-edge Access Africa platform, shall empower individuals and businesses to enjoy instant, traceable, seamless, and cost-effective international transactions. Digital TimesNG understands that effective Wednesday, the newly launched solution will be operational across Africa,…

-Workshop Highlights Hydrogen’s Resilient Business Models for Fintech Startups -Hydrogen Plans Webinar to Foster Sustainable Growth in African Businesses Leading payment solution company, Hydrogen Payment Services Company Limited (Hydrogen), recently partnered with the Co-Creation Hub (CcHub), to host the latest edition of the Catalyst workshop in Lagos. This is part of Hydrogen’s mission to empower African businesses with the tools needed to thrive, garner admiration, and foster global acclaim. The discourse addressed the potential risks and opportunities for startups and saw experts advise participants on the need to develop resilient business models that would scale across different economic climes. Moderated…

Shareholders Approve Access Holdings Capital Raising Programme Access Holdings final dividend stood at N1.80 kobo per every N0.50 kobo ordinary share for the 2023 financial year Access Holdings Plc has disclosed that plans are ongoing to implement a user-friendly digital platform to facilitate seamless participation in the rights issue. It said the proceeds of the Rights Issue would be used to support ongoing working capital needs, including organic growth funding for its banking and other non-banking subsidiaries. The disclosure is coming on the heels of the shareholders of Access Holdings Plc approving the Group’s plan to establish a capital raising…

First Bank of Nigeria Limited has announced the appointment of Mr. Olusegun Alebiosu as its Acting Chief Executive Officer, effective April 2024. The announcement was made official through a notification to the Nigerian Exchange Limited and the investing public, adhering to the Issuers’ Rules of The Exchange. Alebiosu’s appointment follows the sudden resignation of Dr. Adesola Adeduntan, who has served as the Managing Director/CEO of First Bank. The First Bank acting CEO is stepping into this pivotal role from his previous position as the Executive Director, Chief Risk Officer, and Executive Compliance Officer, a position he held at First Bank…

–5 lucky winners in the PalmPay Eid Bonanza have been emerging daily simply by performing tasks on the app -Lucky winners in the PalmPay Eid Bonanza have either been transferring funds, airtime and data purchases, bill payments, and savings in the App PalmPay has announced the first set of winners in its ongoing Eid campaign tagged PalmPay Eid Bonanza, which kicked off on April 10th and will run until April 30th, 2024. Digital TimesNG can report that since the start of the bonanza on April 10th, 5 lucky winners have been emerging daily simply by performing tasks on the App…

Leading Fintech Startup, Hydrogen Payment Services Limited (‘Hydrogen’), has teamed up with Co-creation Hub (‘CcHub’) to host an insightful event themed, ‘Adapting Fintech Business Models to Economic Climes’. This comes as the need for adaptive strategies in the fintech industry becomes paramount in the face of the country’s economic challenges. The event, set to take place on Thursday, April 18, 2024, from noon WAT at the CcHub office in Sabo, Lagos, will delve deep into the intricacies of Nigeria’s economic challenges and how these influence the fintech ecosystem. Digital TimesNG understands that participants will gain actionable insights on how to…

The Nigeria Startup Portal is now open for labeling, according to a statement by the National Information Technology Development Agency (NITDA). The portal will facilitate the labelling of Nigerian Startups and the registration of Venture Capitalists, Angel Investors, Accelerators, Incubators & Innovation Hubs (A.I.I.), and Civil Society Organisations involved in the advancement of Technology and Innovation in Nigeria. This is pursuant to the requirements of Section 10 of the Nigerian Startup Act, 2022. Launched by the Honourable Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, the Startup Support and Engagement Portal is part of the Nigeria Startup Act…

9mobile has spiced up its 9Konfam offerings as its customers are set to enjoy 9 times the value of recharge and more when they subscribe to this unique offering. This innovative plan, crafted with a focus on enhancing connectivity and value for its customers, promises to make connectivity with family and friends seamless and enjoyable. The 9Konfam plan boasts unique benefits aimed at bringing families and friends closer while providing unparalleled value for money. Among its standout features, customers stand to enjoy an extraordinary 9 times the value on all recharges of N100 and above. This significant bonus is applicable…