Oyo Diocese Gets Microfinance Bank Approval

The approval, coming coincidentally during the pastoral visit of the bishop Most Reverend Emmanuel Adetoyese Badejo to the Oke Ogun area is directly from the Central Bank of Nigeria The joy of the people of the Catholic Diocese of Oyo (https://CatholicDioceseOyo.org), especially those of Iwajowa Local Government and the entire Oke Ogun area, which population

Mama Money Accelerates Global Expansion and Appoints New CEO

Cape Town-based fintech Mama Money is growing fast as it expands globally. This year, its cross-border money transfer volumes have more than doubled compared to the previous quarter with the company aiming to double its market share by developing new services as it enters new regions. From 2018 to 2021, the company’s volume increased by

Firstbank wins Best Bank in Nigeria and Best Bank in Digital Transformation Nigeria 2022

Nigeria’s premier banking institution and leading financial services inclusion services provider, First Bank of Nigeria Limited has won two awards: Best Bank in Nigeria 2022 and Best Banking Digital Transformation Nigeria at the International Investor Awards 2022, a print and online publication that provides insights, news and visual informative pieces with topics ranging from world

DPO Group enables USSD Payment Option in Nigeria

Leading African digital payments company DPO Group has added a new form of payment that will allow merchants to get paid by their customers via a USSD code. This new feature allows merchants to receive payments from customers who don’t have access to mobile banking or a payment card. Paired with DPO’s robust and scalable

Stanbic IBTC Urges SMEs to Digitise Products and Services

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has urged small and medium size enterprises (SMEs) in Nigeria to digitise their products and services to drive business efficiency. The call was made during the 2022 Enterprise Banking webinar organised by Stanbic IBTC, Themed ‘Your Business, Our Business: Accelerating Business Growth’, the webinar featured

Abbey Mortgage Bank Appoints Mobolaji Adewumi as Acting Managing Director

In the wake of her 30th Anniversary, Abbey Mortgage Bank Plc announces the appointment of her MD/CEO Mr. Madu Hamman by President Muhammed Buhari, as the new MD of Federal Mortgage Bank, the apex Mortgage Bank in Nigeria. Mr. Madu Hamman has over 34 years of banking experience in Mortgage and Credit Analysis, Banking Operations,

Kippa Launches New Digital Payments Product for SMEs in Africa

Kippa has announced the launch of its second product, ‘Kippa Payments’, a digital payments solution enabling users to send and receive payments from customers and perform extended payments transactions automatically. Kippa Payments, which will be available to access within the existing Kippa app, is the second product launched by the firm since it was founded

Umba, a Digital Bank for Emerging Markets, Raises $2M Seed Funding to Expand Across Africa

Umba, a digital bank for emerging markets and aiming first at Africa, has secured a $2 million seed funding round from new investors including Lachy Groom, ex-Head of Issuing at Stripe; Ludlow Ventures; Frontline Ventures and Act Venture Capital. Currently operating in Kenya and Nigeria, Umba offers a digital financial service alternative to legacy African

Nigeria’s Kudi, Africa’s Financial Technology Company, Changes Name to Nomba

African Financial Technology Company, Kudi, changes name to Nomba as it transitions into an omni-channel payment platform providing tools to enable businesses grow. The company has expanded its range of services to provide easy-to-use business tools for all kinds of businesses to accept, process and manage payments online and offline. These tools will offer more

Winners of Inaugural Mastercard Women SME Leaders Awards 2022 announced

Virtual awards ceremony names entrepreneurs and women-led businesses across 22 diverse categories and industry sectors Awards are aligned with Mastercard’s global commitment to connect 25 million women entrepreneurs to the digital economy by 2025, as part of its goal to build a more inclusive world Winners includes women entrepreneurs from across the region including the