Banking

Banking

CBN again holds benchmark interest rate at 11.5% amid declining inflation

Hope Moses-Ashike Jul 27, 2021

The Central Bank of Nigeria (CBN) on Tuesday retained its benchmark interest rate at 11.5 percent amid improvement in inflation....

Banking

FMDQ private market on the rise, records N253bn in 18 months

Hope Moses-Ashike Jul 26, 2021

In less than two years of establishment, FMDQ has recorded transactions in securities worth N253 billion, bringing back already lost...

Banking

CBN reiterates resilience, soundness of Nigerian banks

Onyinye Nwachukwu Jul 24, 2021

The Central Bank of Nigeria (CBN) has again reiterated the resilience, safety and soundness of Nigerian Deposit Money Banks (DMBs)...

Banking

Naira ends three trading days with marginal appreciation

Hope Moses-Ashike Jul 24, 2021

The foreign exchange market observed a three day trading instead of five days due to the two-day holiday declared by...

Banking

Ecobank anounces zero fees for transactions on Rapidtransfer

Hope Moses-Ashike Jul 17, 2021

In commemoration of this year’s National Diaspora Day event, Ecobank Nigeria is joining the rest of the country to celebrate...

Banking

DafriBank is focused on rewarding customers, says MD

Ifeoma Okeke-Korieocha Jul 17, 2021

Despite being a digital-only bank, DafriBank is focused on having an excellent relationship with its over 20,000 customers in over...

Banking

MPC may keep rates unchanged on declining inflation

Tochukwu Okafor Jul 17, 2021

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is set to convene in two weeks for...

Banking

Onyeagwu’s strategic leadership playing out in Zenith Bank’s growth

Hope Moses-Ashike Jul 12, 2021

After two years of strategic thinking, and inspirational leadership, Ebenezer Onyeagwu, group managing director/CEO of Zenith Bank has demonstrated that...

Banking

Banks must be smart with data to level up with fintechs – Fintech Week London

Okafor Endurance Jul 12, 2021

To be a part of the technology-driven revolution disrupting the financial services industry, traditional banks turned their attention to mobile...

Banking

Don't grant loans, advances, CBN instructs payment service banks

Hope Moses-Ashike Jul 09, 2021

The Central Bank of Nigeria (CBN) has instructed the Payment Service Banks (PSBs) not to grant any form of loans,...

Banking

AfCFTA: Ecobank’s ‘Ellevate’ creates participation channel for women-led businesses

Desmond Okon Jul 09, 2021

A pan-African financial institution, Ecobank Nigeria, has introduced a new package called ‘Ellevate’, a female-focused initiative created to help women-owned...

Banking

Sterling Bank empowers agric sector with industry report

Hope Moses-Ashike Jun 30, 2021

Sterling Bank Plc, in partnership with StearsData, has released an in-depth report for the agriculture sector in Nigeria. The report...

Banking

Highlighting opportunities, risks FinTechs create for banks

Hope Moses-Ashike Jun 30, 2021

Financial Technology (FinTech) has transformed the financial landscape, offering a wide range of opportunities spurring new products and services from...

Banking

CIBN seeks partnership with Osun on capacity building

Hope Moses-Ashike Jun 29, 2021

The Chartered Institute of Bankers of Nigeria (CIBN) has called for partnership with the Osun State Government to enhance the...

Banking

Keystone Bank educates MSMEs on opportunities in AfCFTA window

Bunmi Bailey Jun 28, 2021

In its unflinching efforts to continue to support Micro, Small and Medium Enterprises (MSMEs) in Nigeria with knowledge to manage...