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Moniepoint Inc
Moniepoint (formerly TeamApt) is a Nigerian fintech company based in Lagos that provides banking services and loans via an online banking app. The company was founded by Tosin Eniolorunda and Felix Ike in 2015. In November 2024, Bayo Olujobi was appointed its Chief Financial Officer (CFO). History Moniepoint was founded in 2015 by business executives Tosin Eniolorunda and Felix Ike. It was initially founded under the name, TeamApt. In March 2019, Moniepoint announced funding of $5.5 million in a Series A fundraising from Quantum Capital Partners. In November 2019, Moniepoint received a switching license from the Central Bank of Nigeria. In 2021, the company announced an undisclosed capital in a Series B Funding round led by Novastar Ventures. It also fundraised the $50 million in pre-series C funding led by QED investors. In March 2023, Moniepoint led the $3 million seed investment round for Nigerian neobank Payday. In July 2023, the company launched a personal banking serv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lagos
Lagos ( ; ), or Lagos City, is a large metropolitan city in southwestern Nigeria. With an upper population estimated above 21 million dwellers, it is the largest city in Nigeria, the most populous urban area on the African continent, and one of the fastest-growing megacity, megacities in the world. Lagos was the national capital of Nigeria until the Government of Nigeria, government's December 1991 decision to move their capital to Abuja, in the centre of the country. Lagos is a major African financial center, financial centre and is the economic hub of Lagos State and Nigeria at large. The city has a significant influence on commerce, entertainment, technology, education, politics, tourism, art, and fashion in Africa. Lagos is also among the top ten of the world's fastest-growing cities and Urban area, urban areas. In 2024, Time Out (magazine), Time Out magazine ranked Lagos as the 19th best city to visit in the world. A megacity, it has the second-highest Gross domestic pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Technology Companies
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Online Banks
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2010s, this has become the most common way that customers access their bank accounts. The online banking system will typically connect to or be part of the core banking system operated by a bank to provide customers access to banking services in addition to or in place of historic branch banking. Online banking significantly reduces the banks' operating cost by reducing reliance on a physical branch network and offers convenience to some customers by lessening the need to visit a bank branch as well as being able to perform banking transactions even when branches are closed, for example outside the conventional banking hours or at weekends and on holidays. Internet banking provides personal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Nigeria
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Japanese holding company, Nikkei, Inc., Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson plc, Pearson sold the publication to Nikkei for Pound sterling, £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. In 2023, it was reported to have 1.3 million subscribers of which 1.2 million were digital. The newspaper has a prominent focus on Business journalism, financial journalism and economic analysis rather than News media, generalist reporting, drawing both criticism and acclaim. It sponsors an Financial Times and McKinsey Business Book of the Year Award, annual book ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lagos State
Lagos State (, ) is a States of Nigeria, state in South West, Nigeria. Of the 36 States of Nigeria, Nigerian states, Lagos is the second List of Nigerian states by population, most populous state but the List of Nigerian states by area, smallest in terms of land mass. Bounded to the south by the Bight of Benin and to the west by the Benin–Nigeria border, international border with Benin for 10 km, Lagos State borders Ogun State to the north for about 283 km, making it the only Nigerian state to border only one other state. Named for the city of Lagos—the List of urban areas in Africa by population, most populous city in Africa—the state was formed from the Western Region, Nigeria, Western Region and the former Federal Capital Territory on 27 May 1967. Geographically, Lagos State is dominated by bodies of water with nearly a quarter of the state's area covered with bodies of water. The largest of these bodies are the Lagos Lagoon, Lagos and Lekki Lagoon, Lekki lagoo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Apapa
Apapa is a Local Government Area in Lagos, Nigeria located to the west of Lagos Island. Apapa contains a number of ports and terminals operated by the Nigerian Ports Authority (NPA), including the major port of Lagos State and Lagos Port Complex (LPC).Federal Government In its legislation, the NPA itself does not refer to any port called "Port of Apapa", rather it refers to the "Port of Lagos", " Port of Port Harcourt" and "Port of Calabar". Overview The region of Apapa lies near the mouth of Lagos lagoon, and contains ports and terminals for various commodities such as containers and bulk cargo, houses, offices and a small old disused railway station (Apapa North). It is the site of a major container terminal which was owned and operated by the Federal Government of Nigeria until March 2005, and now is operated by the Danish firm A. P. Moller-Maersk Group. Adjacent to the container port is the Tin Can Island Port, which has ro-ro facilities. It also houses some ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
This Day
''This Day'' is a Nigerian national newspaper. It is the flagship newspaper of Leaders & Company Ltd., and was first published on 22 January 1995. It has its headquarters in Apapa, Lagos State. Founded by Nduka Obaigbena, the chairman and editor-in-chief of the This Day Media Group and Arise News. ''This Day'' is a member of the Belt and Road News Network. Since 2014, it has maintained a close relationship with the embassy of the People's Republic of China. ''This Day'' publisher Nduka Obaigbena has previously been criticised for late and non-payment of the paper's staff and suppliers. Attacks In 2001, several ''This Day'' editors survived a plane crash at Maiduguri airport in North East Nigeria. In 2012, ''This Day''s offices in the nation's capital Abuja, and in Kaduna were attacked in suicide car bombings thought to have been carried out by terrorist group Boko Haram Boko Haram, officially known as Jama'at Ahl al-Sunna li al-Da'wa wa al-Jihad (), is a sel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abuja, Nigeria
Abuja (; , ) is the capital city of the Federal Republic of Nigeria, strategically situated at the geographic midpoint of the country within the Federal Capital Territory (Nigeria), Federal Capital Territory (FCT). As the seat of the Federal Government of Nigeria, it hosts key national institutions, landmarks, and buildings spread across its over 50 districts. It replaced Lagos (the most populous city in Nigeria) as the capital on 12 December 1991. Abuja's geography is defined by Aso Rock, a monolith left by water erosion. The Nigerian Presidential Complex, Presidential Complex, Nigerian National Assembly, National Assembly, Nigerian Supreme Court, Supreme Court and much of the city extends to the south of the rock. Zuma Rock, a monolith, lies just north of the city on the Controlled-access highway, expressway to Kaduna (city), Kaduna. At the 2006 census, the city of Abuja had a population of 776,298 and 179,674 households making it one of the List of Nigerian cities by popu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neobank
A neobank is a type of direct bank that operates exclusively using online banking without traditional physical branches. They challenge traditional banks. In contrast to direct banks, in many cases, neobanks do not have their own banking licenses, and instead rely on partner banks. They typically have lower operational costs, which can sometimes result in lower fees and more competitive interest rates. Europe The term "neobank" gained popularity in 2019, but term’s origins are older. The term is used to describe fintech-based financial providers that were challenging traditional banks. There were two main types of company that provided services digitally: companies that applied for their own banking license and companies in a relationship with a traditional bank to provide those financial services. The former were called challenger banks and the latter were called neobanks. The term " challenger bank" is used in the UK to refer to fintech banking startups that emerged aft ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vanguard (Nigeria)
''Vanguard'' is a Nigerian daily published by Vanguard Media, headquartered in Lagos, Nigeria. Vanguard Media was established in 1984 by journalist Sam Amuka-Pemu and three friends. The paper currently has an online edition. In June 1990, the paper's publication was briefly suspended by Col. Raji Rasaki, the Military Governor of Lagos State Lagos State (, ) is a States of Nigeria, state in South West, Nigeria. Of the 36 States of Nigeria, Nigerian states, Lagos is the second List of Nigerian states by population, most populous state but the List of Nigerian states by area, smallest .... In December 2008, "current affairs resource" website ''Point Blank News'' published a story that alleged the wife of the publisher of Vanguard Newspapers was involved in a ritual killing. ''The Vanguard'' took the reporter to court, claiming he was attempting extortion. In December 2009, a Niger Delta peace activist commended Vanguard Newspaper for its reporting on the government's in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
