Stanbic IBTC Capital Named Best Investment Bank in Nigeria at the EMEA Finance African Banking Awards 2022.

Stanbic IBTC Capital, the investment banking subsidiary of Stanbic IBTC Holdings PLC, won four awards at the recently concluded EMEA Finance African Banking Awards 2022. For the 8th consecutive year, Stanbic IBTC Capital was named Best Investment Bank in Nigeria. Stanbic IBTC Capital also won awards for Best Debt House, Best Loan House and Best

Adeduntan: Banks, Customers Must Approach 2023 with Partnership Mindset

The Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr. Adesola Adeduntan, in this interview with THISDAY reviewed the performance of the global economy in 2022 and advised businesses and their bankers to approach 2023 with a partnership mindset to ensure that a win-win outcome is achieved despite the anticipated macroeconomic challenges. Excerpts: What

Tingg by Cellulant Wins Merchants Payment Company of the Year at the 2022 Nigeria BusinessDay Banks and other Financial Institutions (BAFI) Awards

There are more than 400 businesses and outlets using Tingg by Cellulant’s solution across Nigeria  Tingg, Cellulant’s ( acclaimed payment platform has been recognized as the ‘Merchants Payment Company of the Year 2022’, award at the BAFI Awards. The recognition was bestowed at the 10th BusinessDay Banks and other Financial Institutions (BAFI) awards event, which

DPO Launches New DPO Pay Mobile Payments App

A new mobile payments application will allow businesses to securely transact in multiple currencies across Africa. Leading African digital payments company DPO Group launched DPO Pay Mobile, a new version of their payments app. With several new features, DPO listened to merchant feedback to redesign and redevelop the payment app. DPO Pay Mobile app, previously called DumaPay, now offers

Fintech Emerging as Africa’s Most Vibrant Sector, Finds Mastercard Study

White paper finds that fintech companies have tied up with banks, mobile network operators (MNOs), and other stakeholders to develop wide-ranging solutions for consumers, micro and small merchants Study further found that regulators across multiple African countries have adopted a collaborative approach to enable the introduction of new solutions by fintech companies Fintech startups in

African Markets Build Resilience in a Challenging Environment

Absa Africa Financial Markets Index shows improving market infrastructure in majority of countries in the region African countries have responded positively to the need to develop domestic financial markets to protect economies from external shocks, OMFIF’s 2022 Absa Africa Financial Markets Index reveals. Even as challenging market conditions weighed on performance in the index, 19

Dalu Ajene Appointed Chief Executive Officer (CEO) of Rand Merchant Bank (RMB) Nigeria; Aims to Facilitate Greater Foreign Capital Flows into Nigeria

Ajene holds an MBA in Finance and Strategy from Harvard Business School and a Bachelor’s degree in Economics from Dartmouth College  Dalu Ajene has been appointed Chief Executive Officer of Rand Merchant Bank (RMB) Nigeria ( from the 1st of November 2022 and aims to facilitate greater foreign capital flows, while working to deliver constructive solutions

Payhippo Acquires Nigeria’s Maritime Microfinance Bank to Expand its Customer Offerings

With direct access to Nigeria’s Inter-bank Settlement System, this acquisition will enable Payhippo to launch an array of products and services for its customers  Payhippo, Nigeria’s credit-led SME fintech, has acquired Maritime Microfinance Bank (MFB), a financial institution specializing in saving products, demand deposits, and investments as well as micro and SME loans. The acquisition

Six Fintech Companies From Africa Emerge as Finalists in the Ecobank Fintech Challenge 2022

 The six finalists were chosen following extremely strong competition from over 700 fintechs from 59 countries. Grand Finale to be held on 28 October at the Ecobank Group Pan African Centre in Lomé, Togo. Finalists will compete for the top price of $50,000 and admission to the ‘Ecobank Fintech Challenge Fellowship’ program Ecobank Group, the

Touch and Pay Wins $50,000 Ecobank Fintech Challenge 2022

Touch and Pay processes microtransactions across Africa, such as paying for bus journeys  Ecobank Group ( is proud to announce that Touch and Pay a Nigeria-based fintech has won the 2022 edition of the Ecobank Fintech Challenge. This announcement was made at the Grand Finale, today at Ecobank’s headquarters in Lomé,  presided by H.E. Cina