Fragmentation in the Nigerian payment space has served more as a constraint than an enabler; Squad by GTCO positions to lead with innovation and efficiency. Without a doubt, digital payment is the next growth frontier for financial services. Amongst other extenuating factors, growing digitalisation, mobile penetration, and evolving consumer behaviour have accelerated the shift towards…
Gozem and IFC join forces to co-develop a $10 million project that will enable Moto-Taxi drivers in Togo and Benin to access affordable vehicle financing to purchase or rent bikes with the ultimate goal of increasing their take home income. The project will also validate that electric bikes are a suitable replacement for the current…
To celebrate this year’s Democracy Day, the Federal Government has declared Monday, June 13, 2022, as a public holiday. Dr Shuaib Belgore, Permanent Secretary in the Ministry of Interior, stated in a statement released on Thursday that the declaration was made on behalf of the Federal Government by the Minister of Interior, Ogbeni Rauf Aregbesola.…
The Ondo State Government has opened an account to receive further donations from well-meaning individuals and corporate bodies who may wish to assist the victims of the terrorist attack in Owo. Governor Akeredolu, in a statement by his Chief Press Secretary, Richard Olatunde, said: “Efforts are deepened to ensure that the survivors of the attack…
Travelers around the world have recognized Emirates for Best Wi-Fi and Best Food & Beverage in the Middle East, with the airline bagging these awards at the prestigious 2022 APEX Regional Passenger Choice Awards® ceremony held in Dublin, Ireland. For the awards this year, verified passengers flying on over one million flights on nearly 600…
In an increasingly challenging and volatile ecosystem, where more than 60% of carbon emissions within cities typically come from buildings, a real estate firm, The Address Homes, has emphasised the urgent need for property firms to embrace the global shift towards the reduction of carbon emissions into the environment. The Address Homes Limited, a leading…
The National Leader of the All Progressives Congress, Bola Tinubu, has been declared winner of the party’s presidential primary held at Eagles Square, Abuja on Wednesday. The former Lagos State governor who is now officially the flag bearer of the All Progressives Congress (APC) for the 2023 general election, will challenge Atiku Abubakar of the…
The United Bank for Africa (UBA) on Wednesday redeemed its debut $500 million 5-year Eurobond notes with the maturity date of June 8, 2022. Issued in 2017, the five-year bond was offered at a coupon rate of 7.75%, and raised to support the Bank’s business in key sectors of the economy. As part of UBA’s…
Following the success of the first tranche of Stanbic IBTC N100 billion Infrastructure Fund, the Series II which was released in early May, continues to generate interest among investors. With the N15 billion Series II offer scheduled to close on Friday, 10 June 2022, Stanbic IBTC Asset Management Limited, the Fund Manager and subsidiary of…
The Lagos State Government has announced traffic diversion plans as the Federal Government continues the rehabilitation of the Lagos/Sagamu axis of the Lagos-Ibadan dual carriageway from the 9th of June, 2022, for a period of six months. According to the Lagos State Commissioner for Transportation, Dr. Frederic Oladeinde, kilometre 0-5 of the Lagos/Sagamu Expressway will…