A financial services holding company in Nigeria, overseeing various banking and financial institutions.
Kenya’s competition regulator clears Zenith Bank’s Paramount acquisition
The Competition Authority of Kenya approved Zenith Bank's acquisition of Paramount Bank, clearing a regulatory hurdle. Zenith Bank must retain all 78 employees of Paramount Bank for at least 12 months post-acquisition.
HabariPay’s cost efficiency powers GTBank’s ₦6.54bn fintech profit
HabariPay reported a profit of ₦6.54 billion, accounting for 82% of total earnings among bank-backed fintechs. Hydrogen's profit decreased by 42.63% year-on-year, posting ₦833 million in profit.
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.
