Banking and Finance News & Reports Technology

Access Bank Commences Accelerator Program … To Empower Startups Throughs Africa Fintech Foundry (AFF)

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 →

Banking and Finance News & Reports

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 →

Banking and Finance Economy News & Reports

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 →

Banking and Finance News & Reports Technology

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 →

Banking and Finance News & Reports

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 →

Banking and Finance News & Reports

Moody’s Says Nigerian Banks Are More Equipped for Expansion Push

Nigerian banks expanding into the rest of the continent or diversifying into other financial services will be better insulated from shocks than they were during the global financial crisis, according to Moody’s Investors Service. Lenders including Access Bank Plc and Guaranty Trust Bank Plc are following peers FBN Holdings Plc and Stanbic IBTC Bank to transition to financial holding companies that …read more →

Banking and Finance News & Reports

Fidelity Bank Excites Stock Market with Smooth Transition and Sustained Financial Performance

The stock market was in excitement on Wednesday with the smooth transition at Fidelity Bank Plc, when MD/CEO, Mr. Nnamdi Okonkwo gave account of his 7-year stewardship and formerly introduced his successor, Mrs. Nneka Onyeali-Ikpe to stockbrokers.   Speaking during the closing gong ceremony, held virtually, to formally close trading activities on the stock market, …read more →

AFRICAReports Banking and Finance Infrastructure Financing News & Reports

Adesina wants Nigeria, Others to Unlock $1trn Pension Funds

The President of the African Development Bank (AfDB), Dr. Akinwunmi Adesina, has called on policymakers in Nigeria and other African countries to unlock over $1 trillion funds locked in pension and insurance assets to bridge the continent’s huge infrastructure deficit. Speaking at the Bloomberg Africa Media Initiative (ABMI) 20 Innovator Chat 2020 yesterday, Adesina said …read more →

Banking and Finance News & Reports

BAFI: Fidelity Bank Wins Commercial Bank of the Year as Nnamdi Okonkwo Bags CEO of the Decade Award.

Fidelity Bank Plc at the weekend clinched the award for Commercial Bank of the Year at the 2020 edition of BusinessDay Banks and Other Financial Institutions (BAFI) Awards held in Lagos. The bank won the award in recognition of its support for economic activities in the real sectors of the Nigerian economy, particularly for its consistency in enhancing …read more →

Banking and Finance News & Reports

Access Bank’s ‘W’ Initiative Creates Opportunity For Conversation On Gender-Based Violence

In response to the rising cases of gender-based violence in Nigeria and across the world, Access Bank’s ‘W’ Initiative in partnership with the Nigerian Governors Wives against Gender-Based Violence (NGWA-GBV), recently organised a virtual webinar themed ‘Tackling the menace of gender-based violence in our society’. The webinar featured notable guest speakers such as; Erelu Bisi …read more →