Business

United Bank for Africa Plc (UBA) has reinforced its commitment to deepening collaboration between banks and fintechs across Africa, following the successful hosting of its inaugural Fintech Conference themed “Navigating Regulatory Milestones: The Future of Bank–Fintech Partnerships.” The conference convened more than 20 leading fintechs and ecosystem stakeholders, including PalmPay, OPay, PayAza, Mastercard, Visa, Nigeria Inter-Bank Settlement System, and representatives…

China has begun implementing a zero-tariff policy on imports from Nigeria and 52 other African countries with which it maintains diplomatic relations, a move aimed at strengthening trade ties between the Asian nation and Africa. The policy, which took effect on Friday, is expected to remain in place until April 30, 2028, and is designed to expand market access for…

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has called on financial technology companies across Nigeria to strengthen their systems against fraudsters exploiting digital financial platforms. Olukoyede made the call on Thursday in Abuja while addressing chief executive officers of fintech firms at an industry engagement meeting held at the EFCC headquarters. He commended the…

By Adeola Ogunrinde The Lagos State Government on Thursday unveiled its Industrial Policy for 2025 to 2030, setting out an ambitious roadmap aimed at transforming the state into a leading industrial hub in Africa. The launch, held at the Intercontinental Hotel, Victoria Island, brought together government officials, industry leaders, and development partners to discuss the future of industrial growth in…

A staff member at the Murtala Muhammed International Airport (MMIA) in Lagos, Frank Omorojie, has been commended for returning a lost purse containing cash and important travel documents to its owner at the departure hall of Terminal 2. The incident occurred on Wednesday at the Rwanda Air check-in area, where Omorojie reportedly discovered the misplaced item. The purse contained $1,700,…

MTN Nigeria has announced that MTN Group, its parent company based in South Africa, will acquire a 60 per cent stake each in MoMo Payment Service Bank Limited (MoMo PSB) and Y’ello Digital Financial Services (YDFS) Limited. MoMo is a payment service bank business that provides financial services, including deposits, payments, transfers and digital wallets to individuals and small businesses…

Ecobank Transnational Incorporated Plc on the Nigerian Exchange Limited (NGX) has released its unaudited group financial results for the quarter (Q1) ended March 31, 2026 According to the released results, the Group’s profit before tax grew by 1.1 per cent YoY to N270.3 billion in Q1 2026, compared to N267.3 billion in Q1 2025. Profit after tax grew faster at…

United Bank for Africa (UBA) Plc on Monday provided clarity on its 2025 financial performance and the decision not to declare a final dividend, following comments by its Group Managing Director/Chief Executive Officer, Oliver Alawuba, during a television interview.  Addressing investor concerns, Alawuba emphasized that UBA’s dividend track record remains strong, underpinned by consistent double-digit yields in recent years. The…

The Central Bank of Nigeria (CBN) has said it is strengthening efforts to build a resilient economy capable of supporting the aspirations of Nigerians. The CBN Deputy Governor for Corporate Services, Ms Emem Usoro, made this known at the weekend in Ikot Akpadem, Mkpat Enin Local Government Area of Akwa Ibom State, following her conferment with an honorary Doctor of…

The Executive Chairman of the Lagos State Internal Revenue Service (LIRS), Dr Ayodele Subair, has said the remarkable growth of tax administration and internally generated revenue in Lagos State can be traced to the bold reforms initiated by President Bola Tinubu during his tenure as governor of the state. L-R: Folashade Omoniyi, Executive Chairman, Kwara State Internal Revenue Service (KW-IRS),…