Infinity Mortgage Bank To Grow Total Assets To N26.22 By 2022 …Seek To Raise Fund To Boost Operations

With total asset standing currently at N11.23 billion and shareholders’ funds raising to N6billion as at July 31st 2019, the management of Infinity Trust Mortgage Bank Plc has projected that considering the bank’s management operational  proficiency, its total asset and earnings will rise to N26.22 billion and N4 billion by December 31st 2022 respectively.

EcobankPay Hits N2bn Transactions Value; 100,000 Merchants Onboarded

Ecobank Nigeria says over 100,000 merchants have been onboarded on the EcobankPay platform with transaction value reaching N2billion. EcobankPay offers customers a multi-channel payment experience that includes Mobile QR Payment at merchant stores (mCash, Masterpass and mVisa),  Merchant QR is set up via Facebook Messenger as well as USSD payment for low-income phone users. EcobankPay is used by all businesses from small, informal micro merchants to large corporates as well as governments. It enables them to offer easy and convenient payment options to their customers in-store or online.

FMDQ Commences Series II Of Derivatives Market Training For Stakeholders … Hosts Media Representatives, Treasurers And More To Training Sessions

FMDQ Securities Exchange Plc has activated the FMDQ Exchange Derivatives Market Development Project (the “Project”) in 2018 to set the tone for and facilitate the launch of a standardised derivatives market in Nigeria by the Exchange.

We’ll Investigate Suspicious Transactions – SEC

The Securities and Exchange Commission, SEC has assured investors that the Commission is committed to ensuring that suspicious transactions are not allowed in the capital market. To this end, the Acting Director General of the SEC, Ms. Mary Uduk, urged market operators to make use of the Commission’s whistle blowing policy and report any such infractions for immediate actions.

N731bn Fuel Subsidy’ll Collapse Economy –FSDH CEO

The Chief Executive Officer (CEO), of FSDH Merchant Bank Limited, Hamda Ambah, has warned that, the country risks economic suicide should it continue to subsidise fuel. The FSDH boss  at an interactive session with the media on initiatives to revamp the downstream oil and gas sector, warned further that, in the face of dwindling revenue, Government could no longer sustain the continued payment of fuel subsidy which skyrocketed from N225 billion in 2017 to N731 billion in 2018.