VFD Group Plc, a proprietary investor in financial services companies, is targeting a 2022 initial public offering on the Nigerian stock exchange, CEO Nonso Okpala tells The Africa Report. The Lagos-based company has appointed Kairos Capital to help it seek Nigerian and international investors, says Okpala, who holds about 24% of the company. He plans…
Heritage Bank plc, Nigeria’s most innovative banking service provider has upgraded its HB ‘Padie’ mobile application to HB ‘Padie’ 2.0, which comes with new improved features for convenient, quick, secure and affordable way for seamless 24/7 banking transaction. The HB ‘Padie’ 2.0 app has been redesigned and relaunched with new improved multi-functional feature and game-changing…
Nigeria’s leading end-to-end financial services provider, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has upgraded its mobile app by introducing exciting features to enable seamless transactions for its customers. The one-stop mobile app, tagged Super App, consists of the entire range of the Stanbic IBTC Group products such as My Bank, Mutual…
A new portal has been unveiled to increase access to insurance service, broaden coverage, ease brokerage and enhance interaction between the market and the insurers. The digital interface, according to the host, eTranzact International Plc, will make insurance business fun and convenient in the new normal. The platform, the Nigerian Insurance Supermarket (NISMART), unveiled in…
In light of prevalent economic realities of COVID-19 on businesses across the globe, Keystone Bank Limited, has advised Micro Small and Medium Enterprises in the country on the need to increase online presence and grow sales using digital tools. This was the takeaway of a 5-day capacity building training tagged: “Boost With Facebook Digital Marketing…
Nigeria’s most innovative Non-Interest Bank, TAJBank, has announced the highly anticipated launch of TAJMall, the nation’s first ethical online shopping mall. The highly anticipated launch of the e-commerce site, which held recently, is coming closely on the heels of the commencement of its Agency Banking Network which began in June across thirteen (13) states in…
United Bank for Africa Plc (UBA), the leading pan-African financial services group, is pleased to announce the appointments of Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors in charge of UBA’s Nigeria and Africa businesses, respectively. The creation of the new positions, reporting to Group CEO, Kennedy Uzoka, represents further strategic recognition of the…
Heritage Bank Plc said it has closed down an Experience Centre- EC (branch) at Allen Avenue; Ikeja over “unconfirmed case” of Coronavirus for deep hygiene clean up after an employee took ill last week. The bank in a statement made available to the press and customers, noted “in line with our emergency response plan and…
Zenith Bank Plc has again emerged as the Number One Bank in Nigeria by Tier-1 Capital in the 2020 Top 1000 World Banks Ranking published by The Banker Magazine. Climbing a whopping 29 spots from 415 in 2019 to 386 in the 2020 global ranking of banks, Zenith Bank retained its position as the number…
In adjusting to the new normal, business owners and operators of Small and Medium Scale businesses have been advised to invest massively in technology and find ways to source their raw materials or supplies locally, as this is expected to boost their activities and help them stay afloat especially in the wake of the Covid-19…