A financial services holding company in Nigeria, overseeing various banking and financial institutions.
Leadway Holdings fully acquires PAL Pensions in renewed battle for market share
Leadway Holdings secures full ownership of Pension Alliance Limited (PAL Pensions). The merger positions the combined entity among Nigeria's top three pension fund administrators by assets.
Condia Insider: Green passport, red alert 🚨
The Nigerian government has increased passport fees by 100%, effective September 1. The cost of a 32-page Nigerian passport is now ₦100,000, while the 64-page version costs ₦200,000.
Hydrogen surpasses HabariPay in Q1 profit growth among bank-owned fintechs
Hydrogen recorded a 466% increase in after-tax profit, reaching ₦283 million in Q1 2025. HabariPay's profit growth was 52%, increasing to ₦1.66 billion in the same quarter.
₦76.5 trillion and counting: Inside the payment surge at GTCO and Access Holdings
Nigerians processed a record ₦79.6 trillion ($49.6 billion) through mobile phones in 2024. GTCO's HabariPay and Access' Hydrogen processed a combined ₦76.5 trillion ($47.7 billion) in transactions in 2024, a 217% increase from ₦24.1 trillion in 2023.
Stanbic IBTC to inject ₦4 billion into fintech subsidiary, Zest
Stanbic IBTC Holdings Plc is recapitalizing Zest Payments Limited with ₦4 billion. The funding represents about 3% of the total ₦148.71 billion capital raising exercise.
