₦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.
EXCLUSIVE: Access Holdings shifts to consolidation phase after expansion drive
Access Holdings Plc is entering a consolidation phase in 2025 and 2026 as part of its five-year strategy. The bank aggressively expanded through mergers and acquisitions in 2023 and 2024.
Stanbic IBTC’s fintech subsidiary Zest widens losses to ₦2 billion in 2024
Zest Payments Limited reported a ₦2 billion loss after tax for the full year 2024. The loss widened from ₦1.2 billion in 2023, indicating ongoing challenges in the fintech sector.
GTCO completes ₦209 billion capital raise, ahead of March 2026 deadline
GTCO raised ₦209.41 billion ($135 million) from retail and institutional investors. This capital raise is part of a program mandated by the Central Bank of Nigeria.
