Sterling Pioneers Africa’s First Indigenous Core Banking System

Nigeria’s leading commercial bank and Africa’s most agile company, Sterling Bank Limited, has made history by migrating to what is believed to be the continent’s first ever indigenous core banking solution called SeaBaaS. The implementation of SeaBaaS, developed by Peerless, marks the completion of a new banking system announced to customers in August 2024. This strategic move positions Nigeria as …

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NIPR appoints Rasheed Bolarinwa, Head FinanceHub Committee

Governing Council, Nigerian Institute of Public Relations, NIPR, has announced the appointment of Rasheed Bolarinwa, the President, Association of Communication and Marketing Professionals in Banks, ACAMB, as chairman of its newly created Management Committee of FinanceHub.   NAN reports that the committee, comprising of banking, insurance, and pensions, is meant to deepen sustainable Public Relations practice in the finance sector. …

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Stakeholders call for a re-awakening in the Nigerian non-oil export industry at the 2024 Zenith Bank International Trade Seminar

Stakeholders unanimously called for concerted efforts towards adding value to non-oil export products by processing them into semi-finished and finished goods in order to unlock significant economic benefits for the nation. This clarion call was made at the 9th Edition of the Annual Zenith Bank International Trade Seminar themed “Nigerian Non-Oil Export Industry: Awakening the Giant”, which was held on …

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Polaris Bank, NCF take tree planting initiative to Kano

Polaris Bank Limited has taken its tree planting initiative aimed at nationwide land restoration to Kano State working in partnership with the Nigeria Conservation Foundation (NCF). The commemorative tree planting activity was held at Ajingi Community Reserve, Kunkurawa, Kano on Friday, August 30, 2024. Recall that the Bank’s tree planting scheme commenced commemorating World Environment Day in June. The 2024 …

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How Unreliable Opay Leaves 40 Million Customers Stranded Over Failed Transactions

Popular financial technology company, Opay has once again rendered its over 40 Million customer base stranded due to an unexplained application glitch, barely a month after customers complained of their funds disappearing into thin air. Several customers were embarrassed on Monday when their attempt to perform transactions failed repeatedly without any form of solution and explanation from the fintech company …

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A Stellar half-year: Zenith Bank maintains leading position in profitability with impressive triple-digit growth in top line, bottom line H1 2024 result

Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2024, recording an impressive triple-digit growth of 117% in gross earnings from N967.3 billion reported in H1 2023 to N2.1 trillion in H1 2024. This superior performance has been achieved even as the Nigerian banking industry navigates a challenging macro environment. According to the bank’s audited …

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Ronchess Global Resources Denies Contract Irregularities In Kaduna, Accuses State Of Intimidation Tactics

On Friday, Ronchess Global Resources Plc issued a detailed response to allegations published by Sahara Reporters on August 28th regarding road construction contracts awarded by the Kaduna State Government. The online publication had alleged that Pastor Adeolu Adeboye, a board member of Ronchess, was awarded contracts by the state government and that some of the projects were abandoned. The company …

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Diversification: Nigeria rakes in $2.7bn from non-oil exports in the first half of 2024

Nonye Ayeni, executive director and chief executive officer of the Nigerian Export Promotion Council (NEPC) says Nigeria recorded total receipts of $2.7bn from non-oil exports in the first half of 2024. Ayeni made the disclosure in Abuja on Wednesday August 28, 2024 while addressing the media at the council’s presentation of its progress report on the non-oil sector performance for …

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Fidelity Bank Trains 1,276 Women in Digital and AI Skills

As part of its commitment to empower women with relevant entrepreneurship skills, leading financial institution, Fidelity Bank Plc, partnered with ImpactHER to host another round of free digital and Artificial Intelligence (AI) skills training for businesswomen. The training, organized by ImpactHER, was held from Monday, August 19 to Friday, August 23, 2024, and successfully trained 1,276 women entrepreneurs in digital …

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