Zenith Bank, the largest bank in Nigeria based on market capitalization, has left millions of customers in a difficult situation as they are facing a complete infrastructure outage due to a fire that broke out in their main data center. The outage is affecting the bank’s services, and at a […]
FinTech
The African Development Bank has signed a $525,000 grant agreement with Africa Fintech Network (AFN) for the setup of the Africa Fintech Hub, an online portal and digital platform that will enable fintech associations across Africa to pool resources and knowledge, strengthen relationships and partnerships, as well as showcase the […]
The Director-General of the Small and Medium Enterprises Development Agency (SMEDAN), Olawale Fasanya, says that more than two million businesses in the Nano, Micro, Small, and Medium Enterprises (nMSMEs) category died between 2017 and 2021 alone forcing more than six million Nigerians into the labor market. He explains through […]
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has launched its @ease Savings Challenge which commenced 01 March 2023 and is set to run till 08 June 2023 where participants will have 100 days to save a minimum of N1,000 daily or N7,000 weekly in their Stanbic IBTC […]
Commodity Futures Trading Commission (CFTC) has sued the world’s biggest cryptocurrency exchange, Binance, for operating an “illegal” exchange and a “sham” compliance program. CFTC sued the firm for cultivating US business while failing to properly register with authorities according to reports. Binance said “This filing is unexpected and disappointing, as […]
The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations and further directed all commercial banks to open for operation on Saturdays and Sundays. […]
In a Bid to prevent the panic affecting the banking sector since the recent week’s crash of Silicon Valley Bank (SVB), US regulators shut down New York-based Signature Bank. However, the attention of the Signature Bank Limited, a Nigerian financial institution, has been drawn to recent news surrounding the closure […]
The Managing Editor & Publisher, The Ojo-Yoshida Report, Mr Bolaji Ojo at the Technology Times Digital Transformation Thought Leadership Series advises the Central Bank of Nigeria (CBN) to implement adequate national technology backbone and other fundamental measures to alleviate the adverse impact of the Naira redesign policy on Nigerians, […]
The World Bank in conjunction with the National Steering Committee of the Agro- Climatic Resilience in Semi-Arid Landscapes (ACRESAL) on behalf of the Federal Government of Nigeria has approved the appointment of Mr Abdulhamid Umar as ACRESAL National Project Coordinator with effect from February, 2023. In a press statement […]
Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC emerges as the top bank in the retail and corporate banking in Nigeria according to the KPMG 2022 Nigeria Banking Industry Customer Experience (CX) Survey with a 73.8 CX score out of 100 in the retail segment while holding […]
