Bunmi Bailey

Editor @FinanceinAfrica | Hon. member, Nigerian Economic Society | Ex-asst editor @BusinessDayng | Ex-TechCabal | Ex-head of Research @sbmintelligence

[Bunmi Bailey @bunmibailey]

@TheAbojani What are the diversifications efforts that the banks are doing to boost profits and what is your projection for banks profits in the first quarter of 2026?

[Bunmi Bailey @bunmibailey]

@TheAbojani What led to Stanbic and Standard drop in profits? What's does this mean for the banking sector with local bankers see higher profile growth compared to foreign ones like Stanbic and Standard?

[tife. @BoluAbiodun1]

These guys are not who you think they are.

They raised $5.6M for a blockchain startup and bought two Benzes (lol), but that’s not the real story.

I sat with Seun Lanlege to learn about Hyperbridge, and it was not an easy article to write.

[Bunmi Bailey @bunmibailey]

Africa is fast emerging as a magnet for wealth, with a new wave of millionaires flocking to dynamic cities and regions across the continent.

https://t.co/8q8fmZUBAk

[Bunmi Bailey @bunmibailey]

🤣🤣🤣🤣🤣🤣

[Bunmi Bailey @bunmibailey]

GTCO, one of Nigeria's biggest banking groups, saw its market capitalisation rise past ₦3 trillion ($1.96 billion) for the first time, driven by investor enthusiasm following its debut on the London Stock Exchange.

https://t.co/MmHC31mGVT

[Bunmi Bailey @bunmibailey]

Last year, Nigeria lost 1,000 millionaires, falling from 8,200 in 2023 to 7,200.

Nigeria’s dollar millionaires plunge 53% in a decade, second-worst drop globally - Finance in Africa https://t.co/e3HFTxh2C2

[Bunmi Bailey @bunmibailey]

According to NBS’s official calendar, the Q1 2025 data release was rescheduled on May 26. However, by late June, the data remains unpublished.

Normally the NBS publishes GDP data quarterly, with Q1 figures typically released by the end of May.

https://t.co/YixMA8y2op

[Bunmi Bailey @bunmibailey]

This is the third year that I have written a piece on Schengen visas. The only difference this year is that I actually reached out to those who have lost millions to the rejections.

https://t.co/wq38ZGLbNT

[Bunmi Bailey @bunmibailey]

Hopefully this is temporary.
https://t.co/PuWqCgCWDS

[Bunmi Bailey @bunmibailey]

United Bank for Africa (UBA) Plc, one of Nigeria’s biggest banking groups, is making a comeback in Nigeria’s booming Point of Sales (PoS) payment market.

https://t.co/90p4lpr3km

[Bunmi Bailey @bunmibailey]

Fidelity Bank rejoins the FUZGAZ

https://t.co/UEt17gH2hG

[Bunmi Bailey @bunmibailey]

In the first quarter of 2025, MTN Nigeria made more money than any telecommunication company has ever made in a single quarter on the Nigerian Exchange Limited (NGX).

https://t.co/1u4ih23wGo

[Bunmi Bailey @bunmibailey]

Struggling telecom operator 9mobile is rapidly losing subscribers as it awaits regulatory approval for a national roaming deal with MTN Nigeria. 

https://t.co/JenzAGvnHs

[Bunmi Bailey @bunmibailey]

Safaricom, Kenya’s largest telco, is exploring a partnership with satellite internet providers to expand access to underserved areas

https://t.co/COSI2l4KEn

[Bunmi Bailey @bunmibailey]

CWG Plc, one of Nigeria’s biggest IT services and infrastructure firms, is expanding to new markets in East Africa and the Middle East after recording its first billion-naira profit in 2024.

https://t.co/4fAdI5V76O

[Bunmi Bailey @bunmibailey]

https://t.co/kVt0Sh57bW

[Bunmi Bailey @bunmibailey]

GTCO and Access Holdings which have turned their fintech subsidiaries into major engines of growth, aren’t just making big numbers; they’re redefining how millions of Nigerians move money. 

https://t.co/IM0lLqsADU

[Bunmi Bailey @bunmibailey]

In recent months, system glitches at some major Nigerian banks have led to customers experiencing issues like incorrect bank deposits and unauthorised withdrawals.

Find out why these glitches happen

https://t.co/3irESMVYvz

[Bunmi Bailey @bunmibailey]

NIBSS reported last year that the value of electronic transactions reached ₦1.07 quadrillion— the highest ever recorded from N600 trillion in 2023. This means that ten major Nigerian banks earned ₦674 billion in processing ₦1.07 quadrillion.

https://t.co/BbziljGpvb