Access Holdings’ Oxygen X disburses ₦152 million in loans, posts ₦805 million profit in first year
Oxygen X disbursed ₦152 million in consumer loans in 2024. The company achieved a pre-tax profit of ₦805 million in less than a year.
Pascal Dozie, Diamond Bank Founder and pioneer MTN Chairman, dies at 85
Pascal Dozie founded Diamond Bank in 1990 to cater to the banking needs of traders in South-East Nigeria. Under Dozie's leadership, Diamond Bank grew rapidly and became known for its innovative banking approaches.
PalmPay rolls out Verve debit cards as Nigerian fintechs shift to local providers
PalmPay launched its first debit card in partnership with Verve, marking a significant evolution in its services. The debit card launch follows a partnership with AfriGo to distribute five million contactless payment cards across Nigeria.
Carbon resumes issuance of debit cards in partnership with Verve
Carbon has partnered with Verve to resume issuing debit cards after a nine-month pause. The startup previously issued Visa cards but ended that partnership due to high costs.
Bitmama Joins the Wave of Fintechs Halting Card Services Amidst Industry Challenges
Bitmama pauses partnership with MasterCard virtual card provider. Rise announced discontinuation of virtual card services in September.
