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United Bank for Africa (UBA) continues to prioritize a seamless and secure digital banking experience for its customers with recent upgrades in their mobile app. The bank recently upgraded its mobile app to include additional features to help users and…
CrusaderSterling Pensions Limited (CPL), a leading Pension Fund Administrators (PFA), has paid out N137 billion as benefits payments to its contributors and retirees. CPL said the benefits range from lump sum, death benefits, and other approved National Pension Commission (PenCom). …
Government under pressure to stop cybersecurity levy. CBN declared the cybersecurity levy, on May 6, to empower the cybersecurity unit in the country. The policy caused a major uproar in the country and citizens called for the suspension of the…
The Nigerian Bottling Company (NBC) Ltd has revealed it has trained 1,327 young Nigerians with entrepreneurial skills for self-sufficiency. NBC stated that the training was carried out at one of its editions of the #YouthEmpowered initiative. The initiative was held…
Access Pensions has declared an impressive 70 percent surge in revenue, with turnover boosting from N7 billion in 2022 to N12.3 billion in 2023. As a result, its Assets Under Management (AUM) expanded by 25 percent to reach a significant…
In what could change the face of the Southern African fintech industry, influential NASDAQ-listed fintech firm Lesaka Technologies has bought the Cape Town-based Adumo, the market-leader in the payment processing field, for $85 million. The deal, a cash-and-equity transaction, reflects…
The Federal Government of Nigeria (FG) has commenced moves to carry out a fresh audit of the N2.7tn subsidy debt said to have been owed to the Nigeria National Petroleum Company Limited (NNPC). This fresh move to audit the ₦2.7tn…
The Federal Government of Nigeria has issued a directive mandate which insists that POS agents will register under CAC. This applies to all Point-of-Sale (POS) terminal operators, also known as POS agents. The move comes amidst growing concerns over fraudulent…
In an escalatory effort towards controlling naira volatility, the Nigerian government is taking a significant measure: FG is to ban naira from all peer-to-peer (P2P) crypto trading platforms. According to Securities and Exchange Commission (SEC) Director General Emomotimi Agama, the…
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to enforce compulsory 0.5 percent cybersecurity charges on all electronic transactions. CBN Implements Cybersecurity Charges In Financial Institutions This directive in a circular, signed by Chibuzor Efobi,…