Honeywell AI Platform Launch Dangote Refinery Nigeria Technology Advancement 2026 In a landmark advancement for West Africa’s industrial technology landscape, Honeywell Technologies has officially launched an enterprise-grade artificial intelligence (AI) platform integrated directly into operations at the Dangote Petroleum Refinery. Announced today in partnership with refinery leadership, this deployment represents […]
FINANCE
Moniepoint Microfinance Bank (MFB) has been named SME Microfinance Bank of the Year for the third consecutive year at the 14th BusinessDay Banks and Other Financial Institutions (BAFI) Awards, further strengthening its reputation as a key financial services provider to small and medium-sized enterprises (SMEs) in Nigeria. The bank’s Co-founder […]
Startup equity is often described as “paper wealth,” meaning valuable on a cap table but hard to spend. On Thursday, Flutterwave announced a way to ease that problem for its workforce, and TechCabal’s Friday newsletter led with the story. Employees can now borrow against vested shares without selling them. Below […]
Alpha Morgan Bank Limited has relocated its Head Office from 44 Adetokunbo Ademola Crescent, Wuse II, Abuja, to 52 Adetokunbo Ademola Street, Victoria Island, Lagos, in a move the bank describes as a significant milestone in its growth and nationwide expansion strategy. The relocation comes on the back of the […]
The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) by 3.5 percentage points, bringing it down from 26.5 per cent to 23 per cent. The decision was announced after the Monetary Policy Committee (MPC) held its 307th meeting in Abuja. The rate cut is expected to […]
The Debt Management Office (DMO) has officially announced a massive ₦1 trillion Federal Government of Nigeria (FGN) bond offer for public subscription. The double-tranche debt issuance is structured with a face value of ₦1,000 per unit, providing institutional investors, high-net-worth individuals, and corporate entities a sovereign-backed avenue to […]
Commercial, merchant, and non-interest banks operating across Nigeria shut down a net total of 476 physical branches and cash centers between 2022 and 2025, shrinking their physical operational footprints by 8.8% over the three-year evaluation period. This significant structural contraction occurred despite a net increase in the overall number of […]
The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have officially endorsed the Initial Public Offering (IPO) of the Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise. The two apex capital market bodies have described the multi-trillion naira public share sale as a […]
The Dangote Refinery is preparing for a major plan to sell part of the company to the public. The share sale, known as an initial public offering (IPO), could bring in about $5 billion. The planned IPO is expected to take place in Nigeria in October 2026. If it […]
Africa’s financial services ecosystem is rapidly transitioning into a highly sophisticated, data-driven epoch. As digital adoption accelerates at an unprecedented pace and financial inclusion initiatives gain structural momentum, commercial banks, non-bank financial institutions, and specialized fintech enterprises are shifting their strategic focus toward connected operational models. Across the continent, financial […]