Nigerians open one million bank accounts monthly, says NIBSS

Mr. Niyi Ajao, Managing Director, Nigeria Inter Bank Settlement System (NIBSS) Nigerians open one million new bank accounts monthly as the country’s financial inclusion rate increased to 63.6 per cent from 45.4 per cent recorded in 2016, disclosed Mr. Niyi Ajao, Managing Director, Nigeria Inter Bank Settlement System (NIBSS).  He revealed this More...

by Felix OLOYEDE | Published 3 days ago
By Felix OLOYEDE On Tuesday, December 11th, 2018
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CBN to blacklist importers of 41 ban items

Godwin Emefiele, CBN Governor FELIX OLOYEDE The Central Bank of Nigeria (CBN) has threatened to blacklist all companies and their directors who flout its directive on 41 items that were tagged not valid for foreign More...

By Felix OLOYEDE On Tuesday, December 11th, 2018
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NDIC joins Islamic Financial Services Board

NDIC Managing Director/CEE, Alhaji Umaru Ibrahim The Council of the Islamic Financial Services Board (IFSB) which has its headquarters in Kuala Lumpur, Malaysia, has admitted the Nigeria Deposit Insurance Corporation More...

By Felix OLOYEDE On Monday, December 10th, 2018
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Naira appreciates 0.82% at parallel market, exchanges N363 against Dollar

The Naira gained 0.82 per cent against the Dollar to close at N363.00 at the parallel market segment of the foreign exchange market as transfer rates appreciated by 0.27 per cent to close at and N368.00 on Monday. More...

By Felix OLOYEDE On Monday, December 10th, 2018
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Fidelity bank customers gets N19m rewards under GAIM promo

Fidelity Bank Plc on Monday rewarded 13 customers with N19 million under the Get Alert in Millions Savings ( GAIM) season three, to mark the yuletide. The News Agency of Nigeria (NAN) reports that the customers More...

By Felix OLOYEDE On Monday, December 10th, 2018
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First Bank restates commitment to SMEs, Agric Sector growth

Mrs Folake Ani-Mumuney, Group Head, Marketing and Corporate Communications, FBN Holdings First Bank of Nigeria Pls has expressed its commitment to the growth of the agricultural value chain and creating opportunities More...

By Felix OLOYEDE On Sunday, December 9th, 2018
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Tier 1 banks battle headwinds 

By TESLIM SHITTA-BEY Nigeria’s top tier 1 banks are still in fine shape despite growing pressure on their net interest incomes and a pummeling of local lending. Lending in the 9 months till September 2018 has More...

By Felix OLOYEDE On Thursday, December 6th, 2018
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NDIC restates continued partnership with CBN on banking supervision

NDIC Managing Director/CEE, Alhaji Umaru Ibrahim The Nigeria Deposit Insurance Corporation (NDIC) has pledged to continue to work closely with the Central Bank of Nigeria (CBN), to ensure adequate supervision and More...

By Felix OLOYEDE On Tuesday, December 4th, 2018
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Union Bank wins big at SERA

Union Bank has won the Best Company in Environmental Excellence Award and the ‘Peoples’ Choice Award for the Most Outstanding Company in CSR/Sustainability’ at the 2018 Sustainability, Enterprise and Responsibility More...