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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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ICT

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

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SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Sovereign Trust Insurance Celebrates 2025 Customer Service Week

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Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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FG Boosts MSME Financing with NCGC Initiative

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Capital Market

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Verve Expands to UAE, Activates 1st Transaction in Dubai

Verve, a leading payments technology and card business in Africa, held a first transaction event in Dubai, United Arab Emirates. Verve Global cardholders can now use their cards on Discover Global Network to transact in more than 185 countries and territories, including Dubai, United Arab Emirates.

The first transaction event took place at Emperor Retail outlet, City Walk by Meraas Al Safa Str. Dubai. Senior executive members of Verve International were joined at the event by key partners including Jerry Fosker, a senior Executive from Discover Global Network, Shamsudeen Fashola; Group Head Retail Banking FCMB, Margaret Okhoya; Product Manager Card Services FCMB, Lanre Oladimeji; Group Head Retail Banking Zenith Bank, Nneka Onwuegbuche; Product Manager, Card Services Zenith Bank, among others.

L-R: Mitchell Elegbe, GMD / Founder, Interswitch Group; Nneka Onwuegbuche, Product Manager, Card Services, Zenith Bank Plc; Shamsudeen Fashola, Group Head, Retail Banking, FCMB; Lanre Oladimeji, Group Head, Retail Banking, Zenith Bank Plc; Margaret Okhoya, Product Manager, Card Services, FCMB and Mike Ogbalu III, CEO, Verve International during the Verve Global Card launch and First Transaction at Emperor Retail Outlet in Dubai, UAE recently.

Speaking at the launch in Dubai, Mitchell Elegbe, Interswitch Group Managing Director expressed his excitement, stating that the decision to bring Verve Global to Dubai was a strategic one: “Dubai is an important destination of choice for business and leisure as well as being a popular destination for Nigerians.”

The transaction in Dubai comes following the successful launch of Verve Global in New York in August this year and marks Verve International’s first entrance into the UAE region.

Elegbe continued: “As we approach the Dubai Expo 2020, we believe this is the right time to expand into a region with a rapidly evolving payments market. The launch in Dubai will provide an efficient way for new and existing Verve Global cardholders to transact whenever they visit the region.”

Expressing his gratitude to stakeholders and partners present, Mike Ogbalu III, Chief Executive Officer, Verve International, reiterated the mission and vision of Verve, stating its core objective of making seamless payment solutions available to Nigerians and Africans in every part of the world.

“We are very delighted that a domestic card scheme of African origin can be used to make payments across the world. We express our gratitude to all our partners, particularly Zenith Bank and First City Monument Bank, who have joined us today. One of the biggest assets of Verve International is our partners (both those who are here in Dubai and all others). Thank you for joining us on this epic journey to plant our footprints all over the world. We are very confident that you will remain with us as we continue to take bold steps”, he said.

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Topics

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Unilever, Stallion Group Storm Lagos Shopping Festival 2015

Unilever Nigeria Plc, Stallion Group, STACO Insurance Plc and Accion Microfinance Bank Limited have joined a long list of other firms to confirm participation at the maiden Lagos Shopping Festival 2O15 set for December 17, 18 and 19 at Tafawa Balewa Square [TBS], Lagos. The theme of the Festival is: ‘Reinventing the Nigerian Economy via Non-oil Export.’ Other corporate firms set to join the train include Yudala, Skye Bank Plc, Ogun Property & Investment Corporation [OPIC], Wema Bank Plc, Chemical & Allied Products [CAP] Plc, Mr. Biggs amongst others. Prince Cookey, CEO, Lagos Shopping Festival 2O15, says the confirmation of participation by these leading firms is a clear indication that the Festival is on a positive path towards enduring legacy. He said Festival is a bargain opportunity for shoppers and business opportunity for corporate organisations to showcase their products and services in the December shopping season. “December is undoubtedly the NO 1 shopping season in Nigeria. The Festival would be a showcase of consumer goods, financial/insurance services, machinery, automobile and food etc. The essence is to provide consumers the unique opportunity of shopping for a wide range of goods and services at bargain prices while enjoying rare combination of music and entertainment at the venue.”

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Insurance Industry Reports N302bn Premium Income in 2014

The insurance industry in Nigeria has reported gross premium income of N302 billion in the financial year ended December 31, 2014, according to figures released by the National Insurance Commission (NAICOM). The industry also achieved premium income of N97 billion in the first quarter ended March 31, 2015. According to NAICOM, the industry’s total assets in 2014 was N711.4 billion, rising to N793.6 billion in the first quarter.
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