Regent Microfinance Bank has loaned out more than ten billion naira to small businesses nationwide. The bank's Managing Director, Dr. Idris Olugbesan, along with marketing officers Chibuzor Uba and Elijah Oladosu, marked this milestone. They framed it as a key step in bridging Nigeria's credit gap for micro, small, and medium enterprises.
Their loan offerings cover various needs like fast-moving consumer goods businesses, asset financing, and general SME support. Leadership stated their strategy directly tackles the limited credit access that holds back a sector contributing nearly half the country's GDP. They aim to simplify borrowing and provide tailored solutions.
Looking ahead to 2026, the bank's goal is to widen financial...
The Securities and Exchange Commission is making everyone renew their licenses in January 2026. SEC Director General Dr. Emomotimi Agama laid out this new rule alongside a wider push for digital processes. The goal is to update their systems and build more trust in Nigeria's markets.
A major part of this shift involves moving all registration and application work online, starting early that year. Agama said their new portal already automates licensing from start to finish, letting firms upload docs and check status without an in-person visit. They also launched a module for electronic Commercial Paper applications, which has cut down wait times. Next, they plan to automate how operators file their quarterly and annual reports.
Behind...
Wema Bank and its digital platform ALAT just named the winners for their Hackaholics 6.0 competition in Lagos. The top prize for the Ideathon, worth twenty-five million naira, went to a project called Chao, which is a tool for food vendors. The Hackathon first-place winner is VOC AI, a software kit for gathering customer feedback from app notifications. They also gave out a bunch of other cash prizes to the finalists.
The bank's CEO, Moruf Oseni, used the event to push the company's commitment to backing young innovators in STEM fields. He pointed out the contest's growth, with over eleven thousand applications this cycle compared to far fewer the prior year. Oseni framed this support as a core strategic move for the bank, not just...
The Central Securities Clearing System, or CSCS, is getting a new boss. Mr. Shehu Shantali is taking over as CEO starting in early 2026. He replaces Mr. Haruna Jalo-Waziri, who is leaving after eight years in charge. The company's chairman, Mr. Temi Popoola, said the board picked Shantali for his experience and vision, hoping he'll push their next growth phase.
Jalo-Waziri's time running the place is getting a major sendoff. The board credited him with transforming operations, updating tech systems, and making the firm more competitive. His leadership supposedly built up trust in the market and set a strong base for whoever came next. Popoola thanked him for his work publicly. Jalo-Waziri himself said it was an honor and thinks the...
The head of the Chartered Institute of Stockbrokers, Oluropo Dada, told students at Yaba College of Technology in Lagos that they need to get ready for a changing finance world. He spoke at a career event with the school, pushing for professional certs and pointing to new chances in digital assets. The recent update to Nigeria's Investment and Securities Act now formally includes crypto and digital assets as traded products, a move he called a major shift, aligning the country with global markets.
Dada thanked the college's management, represented by Deputy Rector Dr. Ismail Badmus, for the partnership. He said their institute is the official group that trains and certifies investment pros in Nigeria, a job that goes beyond tests to...
Haldane McCall Plc just bagged a major ISO certification from Nigeria's standards body. The company, led by Group Managing Director Edward Akinlade, got the official nod for its real estate and hospitality operations. This lets them use the certification logo on all their stuff.
This basically means an outside group checked their whole system and confirmed their work hits specific global benchmarks for quality and operations. Akinlade stated it backs up their internal policies on managing risk and keeping everything up to code. People watching the industry say it gives them a leg up on competitors without the certification, showing they have their act together on project delivery and governance. It supposedly builds more trust with...
A new partnership between PayTabs Kuwait and BEDE, backed by telecom giant Zain, is aiming to shake up digital commerce. Announced at a recent conference, the deal combines PayTabs' payment tech with BEDE's fintech skills and Zain's digital network. The focus is on helping small businesses and startups in Kuwait bridge the gap between physical retail and online sales.
A key part of the rollout is a pilot program for the BEDE Shop, a social commerce platform. It lets entrepreneurs set up a full online store with just a few clicks, skipping complex web development. Business owners can customize their storefronts and manage products directly, moving quickly from social media promotions to a functioning checkout system.
The tools go...
Two financial tech companies, Deem Finance and Airpay, just partnered up to tackle a major problem for small businesses in the UAE. Their goal is to provide easier access to capital, which they call purpose-powered liquidity, by embedding loan options directly into AirPay's payment platform. This targets the huge SME sector that makes up over ninety-four percent of local companies, but often gets stuck with outdated, inflexible credit checks.
The model focuses on cash flow-based lending instead of just historical balance sheets. Airpay will refer qualified small businesses from its network, which supports over a hundred sixty payment methods, to Deem for short-term financing. The idea is to offer loans that match a company's actual...
King Hussein Business Park in Jordan just rolled out an AI chatbot on its website. They built it with a partner company called SmartServe, which also helped them launch an AI phone system earlier this year. This new bot is supposed to give businesses and investors faster, accurate answers at any time of day, aiming to boost both service quality and operational efficiency.
The park's CEO said this tech push reinforces their position as a modern business hub that keeps up with innovation trends. They want to create a smart, integrated ecosystem to attract more local and international companies. This chatbot is one piece of a larger digital overhaul that includes a new website and other operational projects as part of their expansion...
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