The Africa FinTech Foundry (AFF), an initiative of Access Bank Plc has commenced its accelerator programs The initiative is set to empower emerging startups, with mentorship programs, advisory and has committed N10 million in cash to the top three finalists. The accelerator program which opened its entries last month, received 306 registrations and after rigorous …read more →
Month: February 2021
Fidelity Bank Plc Successfully Issued the Largest Ticket Tier II Local Bonds in Nigeria
Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at a 8.5 percent coupon rate due in 2031. The bond issuance which was fully subscribed given that total investor interest and commitments in the bonds were N56.6 billion, adds to the impressive portfolio of landmark transactions structured by the bank, …read more →
CBN Directs Banks to Shut Down Cryptocurrency Accounts
The Central Bank of Nigeria has ordered all banks to close accounts of anyone who transacts in cryptocurrency. The order was contained in a circular to banks and other financial institutions, signed on Friday by the Director of Banking Supervision, Bello Hassan, and it is expected to take effect immediately. According to the CBN, dealing …read more →
Africa Fintech Foundry to Boost Innovation and ‘Techpreneurs’ With 2021 ‘Accelerator’ Programme
Africa’s foremost innovation hub, the Africa Fintech Foundry (AFF), has opened up its registration portal for the 2021 Accelerator program. The initiative, which is being executed in partnership with Access Bank Plc, seeks to fast-track the growth of the best start-ups operating within the African technology ecosystem. The ‘Accelerator’ programme will fast track and assist …read more →
Fidelity Restates Support To Small Business As Enugu First Lady, ABCON Commend Bank
Fidelity Bank Plc, top Nigerian lender has reaffirmed its commitment to enhancing the productivity and prosperity of Micro Small and Medium Enterprises (MSMEs) in the country by providing capacity building and advisory services, innovative funding options and other forms of relevant support that would significantly improve their overall contributions to national development. Fidelity CEO, Mrs. …read more →