With the starting of the Holy month of Ramadan, the spirit of helping needy people in the society has been gearing up with the launch of different types of charity campaigns.
Goddy Egene
The DLM Capital Group has acquired Links Microfinance Bank as part of plans to expand into Nigeria’s million-dollar fintech sector.
The Corporate Communications Manager at DLM Capital Group, Chinwendu Ohakpougwu, who disclosed this in a statement, explained that the acquisition would give the group the mandate to operate small scale banking services in Nigeria.
According to Ohakpougwu, this will also allow the successive launch of its star digital lending brand, Sofri, in the second quarter of this year.
“The acquisition, combined with the bank’s many fintech efforts already underway, will position them to deliver even more value for corporates and consumers.
The management of Nigeria’s leading brewer, Nigerian Breweries Plc has revealed that its operations in 2020 were adversely impacted by the COVID-19 pandemic, VAT increase, FX devaluation and scarcity of foreign exchange.
This statement was made by the Managing Director of Nigerian Breweries, Mr Jordi Borrut Bel, at the company’s pre-AGM media briefing for the financial year-end 2020, which held in Lagos this week.
He noted that the increase in the brewer’s cost in 2020 was due to the COVID-19 pandemic which disrupted the company’s operations, as well as the increase in VAT, devaluation and FX scarcity which has put pressure on input cost.
The Central Bank of Nigeria (CBN) on Wednesday announced that it got an interim order from the Federal High Court, Abuja division, to freeze 11 bank accounts of 5 companies and an individual for 45 days to enable it to conduct investigations into suspicious activities.
The order follows an exparte motion, dated March 12 and filed on March 16, seeking the mandatory order of the court to direct First City Monument Bank (FCMB) Limited, to freeze all transactions on the listed accounts and all other bank accounts of the defendants for 180 days pending the outcome of investigation and inquiry currently being conducted by the CBN.
DLM Capital Group to tap into fintech opportunity, acquires MFB licence DLM Capital Group to tap into fintech opportunity, acquires MFB licence
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LEADING developmental investment bank, DLM Capital Group, on Wednesday announced its plans to expand into Nigeria’s million-dollar fintech sector, following its acquisition of Links Microfinance Bank.
The license will give DLM Capital Group the mandate to operate small scale banking services in the country.
This will also allow the successive launch of its star digital lending brand, Sofri, in the second quarter of the year.
The acquisition, combined with the bank’s many fintech efforts already underway, will position it to deliver even more value for corporates and consumers.