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Nigerian fintechs turn to automated wealth tools as inflation erodes savings value

As inflation continues to erode the value of cash holdings in Nigeria, digital lenders and microfinance banks are increasingly pushing automated wealth tools to help retail customers protect their purchasing power, senior executives at FairMoney Microfinance Bank have said. Speaking during a roundtable interview, Chinwe Iwobi, the bank’s head of wealth management, and Feyishetan Akinyemi,…

Transcorp Power posts N39.59bn Q1 profit

Transcorp Power Plc one of the power subsidiaries of Africa’s leading listed conglomerate, Transnational Corporation Plc (Transcorp Group), has announced its unaudited financial results for the first quarter ended March 31, 2026, reporting a resilient performance despite significant operational disruptions during the period. Key highlights… Revenue: N94.59 billion (Q1 2025: N105.44 billion); Profit Before Tax:…

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Nigerian fintechs turn to automated wealth tools as inflation erodes savings value

As inflation continues to erode the value of cash holdings in Nigeria, digital lenders and microfinance banks are increasingly pushing automated wealth tools to help retail customers protect their purchasing power, senior executives at FairMoney Microfinance Bank have said. Speaking during a roundtable interview, Chinwe Iwobi, the bank’s head of wealth management, and Feyishetan Akinyemi,...

Transcorp Power posts N39.59bn Q1 profit

Transcorp Power Plc one of the power subsidiaries of Africa’s leading listed conglomerate, Transnational Corporation Plc (Transcorp Group), has announced its unaudited financial results for the first quarter ended March 31, 2026, reporting a resilient performance despite significant operational disruptions during the period. Key highlights… Revenue: N94.59 billion (Q1 2025: N105.44 billion); Profit Before Tax:...

Egbin Power named GenCo of the year for operational excellence, sector resilience

Egbin Power, Nigeria’s largest privately-owned thermal power generation company, has been named Electricity Generation Company of the year by Energy Times, a leading publication in the energy, oil and gas sector. This recognition highlights GenCo’s unwavering commitment to operational excellence and resilience in the face of industry-wide challenges. The award was presented at the Energy...

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