… Achieves 109.8% Subscription Sterling Financial Holdings Company Plc (“Sterling HoldCo” or “the Group”) has announced the commencement of the allotment process for its 2025 Public Offer of 12,581,000,000 ordinary shares of 50 kobo each at ₦7.00 per share. This follows the earlier receipt of final approval from the Central Bank of Nigeria (CBN) and the recent clearance by the Securities & Exchange Commission. The allotment process, which begins immediately, marks the continuation of a disciplined, multi-year capital-raising programme that has positioned the Group as one of the fastest-growing financial institutions in the region. The Public Offer, which opened on…
Author: DigitalTimesNG
Nigeria’s digital transformation drive is expanding beyond ministries and agencies to the home front, as the National Information Technology Development Agency (NITDA), in partnership with the House of Representatives Spouses Association (HORSA), convened a specialised two-day digital literacy and capacity building workshop for spouses of members of the House of Representatives. The initiative, themed “Empowering Women for a Digital Future: Leadership, Wellbeing, and Opportunity,” reflects a deliberate strategy to strengthen the broader governance ecosystem by equipping those who support lawmakers with relevant digital competencies. Rather than limiting the focus to basic computer literacy, the workshop delivered a robust curriculum spanning…
A pro-innovation advocacy group, Ideas Nigeria Movement (INM), has commended the Chairman of Zinox Group, Leo Stan Ekeh, for a landmark act of corporate philanthropy. It could be recalled that to mark his 70th birthday, Mr. Ekeh bypassed traditional celebrations to instead grant university scholarships to 1,000 indigent Nigerian “wiz-kids” to study Computer Science in domestic institutions. With an estimated investment exceeding N10 billion spread over several years, the initiative aims to build a sustainable pipeline of local tech talent. Describing the gesture as a debt of gratitude, Ekeh noted that the scholarship is a thank-you to God, the Nigerian…
GigaLayer has deepened its footprint in Nigeria’s digital infrastructure space with the acquisition of Registeram, signalling a strategic shift toward market consolidation in the country’s cloud and domain services ecosystem. The transaction positions GigaLayer to strengthen its portfolio in domain registration and web hosting, while expanding its customer base within Nigeria’s fast-growing digital economy and across the African continent. Industry analysts view the deal as part of a broader trend of vertical and horizontal integration among infrastructure providers seeking scale, resilience, and competitive leverage. Consolidating the Digital Backbone The acquisition of Registeram, which has been operational since 2008, is the…
By Uchenna Agbo In the bustling Balogun market, traders line the streets standing by their fruit stands, fashionable fabrics and sparkling jewellery. These entrepreneurs are masters of their trade, but ghosts in the digital economy. Even with phones in their pockets, they’re hesitant to take mobile money payments. They understand the technology, but they don’t always trust that their information won’t be exposed and abused. Stories of accounts being hacked, personal information leaks, and business owners being scammed have already rippled through these communities. To them, using digital systems means giving up privacy. In this world, digital tools are not…
Polaris Bank, through its digital lifestyle platform VULTe, has introduced a faster, smarter way for users to send love, appreciation, and rewards across borders with the launch of its new Gift Card feature, enabling customers to deliver global brand gift cards to family and friends anywhere in the world in seconds. Designed for speed, security, and everyday relevance, the feature allows users to choose from a wide range of international and local brands spanning groceries, beauty and wellness, fashion, electronics, entertainment, gaming, and lifestyle services, all seamlessly accessible on VULTe. Whether it is paying for a Netflix subscription in London,…
By Harikrishna Kundariya The financial landscape is transforming swiftly and is influenced by leading fintech innovations. These innovations reshape the way people, governments, and businesses interact with money. Trends range from digital payments to AI-driven financial services. Apart from improving convenience, they redefine accessibility, trust, and the structure of global financial systems. Banking and financial organizations are changing fast as digital tools combine with traditional methods. To stay ahead, it’s essential to understand the key fintech trends shaping the future. Before getting familiar with these trends, let’s first know the importance of considering them. Importance of Considering the Fintech Trends…
By Eunice Omokaro Africa’s foremost tech icon and Chairman of Zinox Group, Leo Stan Ekeh, who turns 70 on February 22, this year, has explained why he is not celebrating his 70th birthday with a mega party, preferring to offer University scholarships to additional 1000 Nigerian indigent wiz-kids to study Computer Science in Federal Universities so that the country’s private and public sectors could have a new generation of tech wiz-kids to support the growth of the economy. He anticipates that these students who will not be bonded, shall disrupt global wealth equation in favour of Nigeria and defend our…
The drive to deepen professionalism and entrench sound corporate governance in Nigeria’s financial services sector came into sharp focus on Wednesday, 4 February 2026, as the Governing Council of the Institute of Chartered Accountants of Nigeria (ICAN) paid a courtesy visit to the management of Mutual Benefits Assurance Plc. The visit underscored the shared commitment of both institutions to advancing the accounting profession, strengthening ethical standards, and promoting best practices in corporate governance across Nigeria’s corporate landscape. The ICAN delegation was led by the President of the Institute, Haruna Nma Yahaya, FCA. He was accompanied by key members of the…