FCMB Group Plc has continued to show strong growth in its digital business as it recorded a 69.2 per cent increase in digital revenue in the 2024 financial year. This …
digital banking
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Banking, Finance & InvestmentBusinessEconomyTechnology
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Business and EconomyFinance & ServicesINVESTMENTNigeriaWestern Africa
FCMB Records N73bn Profit After Tax, Raises N144.6bn in Public Offer
First City Monument Bank (FCMB) Group Plc has announced a profit after tax of N73.34 billion for the financial year ended December 31, 2024. This marks a drop from the …
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BusinessFintechNigeriaWestern Africa
eTranzact International Reports N5bn Pre-Tax Profit in 2024, Marks 53% Growth
Lagos – Nigerian fintech giant, eTranzact International Plc, has posted a robust N5 billion pre-tax profit for the year ended December 31, 2024, representing a 53.2% increase from the N3.1 …
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Banking, Finance & InvestmentDevelopmentEconomyEducationFinance & Services
FG seeks fresh $10.50m W’Bank loan
Nigeria has approached the World Bank for a fresh $10.50 million loan to strengthen the Central Bank of Nigeria’s technical capacity and modernise the country’s domestic payment system. The move …
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Banking, Finance & InvestmentBusinessDigital EconomyFintech
Raenest seals $11M funding to deepen operations in Nigeria and Kenya
Raenest, a global multi-currency accounts platform, has raised $11 million in Series A funding to expand its operations in Kenya and Nigeria, as well as to enter new markets in …
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Banking, Finance & InvestmentBusinessEconomy
Wema Bank to pay N1 final dividend, commences N150b rights issue
Wema Bank Nigeria has released its audited consolidated financial statements for the year ending December 31, 2024, to the Nigerian Exchange Group (NGX), proposing a final dividend of N1 per …
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AfricaBanking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesFintechTANZANIATechnology
Tanzania’s E-Payment Boom Sparks Shift Toward a Cashless Economy
Tanzania’s payment landscape is rapidly evolving, with a significant surge in electronic transactions inspiring a national shift towards a cashless economy, according to recent reports from financial authorities and tech …
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AfricaAFRICA NEWSBanking, Finance & Investment
NBS Bank to reward customers for embracing digital channels
by Editorby EditorNBS Bank plc says it is taking its digital transformation efforts to the next level with the recent upgrade of its mobile banking platform to ensure that customers are rewarded …
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Banking, Finance & InvestmentSouthern AfricaTechnology
Nedbank customers experience digital banking outage
Nedbank customers report that they are experiencing problems accessing the bank’s mobile app and digital channels on Friday morning. Reports of issues with the app surged on Downdetector from around 07:30, …