UBA expands digital footprint with new PoS solutions, MONI App upgrade for African entrepreneurs
Post AMUGE
19 hrs
Onome Amuge United Bank for Africa (UBA) Plc, renowned as Africa’s Global Bank, has unveiled upgrades to its digital payment infrastructure, launching a revamped Point of Sale (POS) terminal and an enhanced UBA MONI App. The move underscores the lender’s ambition to reshape the digital payments landscape across the continent and provide crucial support to […]
NLNG partners BOI to reintroduce N1bn micro-credit scheme to boost local economy
Post AMUGEApril 10, 2025
Ben Eguzozie, in Port Harcourt Sophia Horsfall (4th from right), NLNG’s GM, External Relations & Sustainable Development, and Omar Shekarau, Bank of Industry’s (BoI) Executive Director, Micro, Small and Medium Enterprises (MSMEs), launch N1bn NLNG/BOI MSME scheme for local vendors and community entrepreneurs in Port Harcourt Nigeria’s gas liquefaction company, NLNG, in partnership with the […]
Jim Ovia honoured with Freedom of the City of London
Post AMUGEApril 10, 2025
Joy Agwunobi Jim Ovia, the founder and chairman of Zenith Bank Plc has been formally admitted into the prestigious Freedom of the City of London. The historic ceremony , hailed by the Nigerian government amongst global and national dignitaries, took place recently at the Mansion House, marking a significant chapter in Jim Ovia’s journey of […]
Nigeria posts $6.83bn surplus in balance of payments for 2024 — CBN
Post AMUGEApril 10, 2025
Onome Amuge Nigeria’s external finances have recorded a significant improvement, with the Central Bank of Nigeria (CBN) announcing a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year. This marks a sharp reversal from deficits of $3.34 billion in 2023 and $3.32 billion in 2022, the apex bank said in a […]
Pascal Dozie, champion of Nigerian innovation, economic growth, dies at 85
Post AMUGEApril 8, 2025
Onome Amuge Pascal Gabriel Dozie, a renowned figure in Nigerian banking and a pioneering force in the country’s telecommunications revolution, has died at the age of 85, his family announced. Dozie, who would have turned 86 on Wednesday, April 9th, passed away on Monday, April 8th. In a statement released by his son, Uzoma Dozie, […]
Verdant Capital doubles down on MSME growth with $13.5m bet on LOLC Africa
Post AMUGEApril 8, 2025
Onome Amuge Verdant Capital, through its Verdant Capital Hybrid Fund, has injected an additional $4.5 million into LOLC Africa Singapore Limited, bringing its total investment in the pan-African microfinance operator to $13.5 million. This follow-on investment builds upon an initial $9 million commitment made in June 2023. Both funding tranches, structured as holding company loans, […]
NDDC kicks off chamber of commerce with N10bn
Post AMUGEApril 7, 2025
to stimulate entrepreneurship, economic growth in oil region But dev’t. experts doubt chamber to make any difference Ben Eguzozie, in Port Harcourt The Niger Delta Development Commission (NDDC) has released N10 billion to its newly created Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA), in a bid to stimulate entrepreneurship and economic growth […]
Wema Bank’s stock undervalued on NGX- Analysts
Post AMUGEApril 7, 2025
Bamidele Famoofo An independent Report on Wema Bank PLC’s equity by a Team of Analysts at Global Assets Management Nigeria Limited, has revealed that the Bank’s stock, which currently stands at N10.90 per unit (as at Friday, April 4) on the Nigerian Exchange Limited (NGX), is trading below intrinsic value. An intrinsic value of […]
CBN forex reserves hit 3-year peak at $23.11bn in 2024
Post AMUGEApril 2, 2025
The Central Bank of Nigeria (CBN) has recently announced a substantial improvement in its Net Foreign Exchange Reserve (NFER) position, reflecting a positive shift in the nation’s external liquidity, a reduction in short-term obligations, and an uptick in investor confidence. The apex bank, in its recent report, revealed that the country’s Net Foreign Exchange Reserve […]
NDIC to begin liquidation payouts for Heritage Bank’s uninsured depositors in April 2025
Post AMUGEApril 1, 2025
Joy Agwunobi The Nigeria Deposit Insurance Corporation (NDIC) has announced that the first tranche of liquidation dividends for uninsured depositors of the defunct Heritage Bank will be disbursed in April 2025. This follows the revocation of the bank’s license by the Central Bank of Nigeria (CBN) in 2024. In a recent statement, Hawau Gambo, acting […]