CBN improves e-payment, tasks banks to resolve issues in three days

Godwin Emefiele, CBN Governor The Central Bank of Nigeria (CBN) has directed all Deposit Money Banks, Micro Finance banks, key stakeholders in the mobile money sector to resolve all Electronic Fund Transactions issues within three- working days or face sanctions. The new directive by CBN also directed DMBs, others to report within five working days More...

by Felix OLOYEDE | Published 1 week ago
By Felix OLOYEDE On Monday, September 17th, 2018
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AXA Mansard upgrades payment channels

Kunle Ahmed, MD, Axa Mansard Insurance AXA Mansard PLC, a member of the AXA Group and global leader in insurance and asset management, has launched more payment channels to eliminate challenges customers may have More...

By Felix OLOYEDE On Monday, September 17th, 2018
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UBA leads pan-African banking

Kennedy Uzoka, GMD, UBA By OKEY ONYENWEAKU Despite recent bleak pictures painted about the Nigerian Economy by international organisations, the United Bank for Africa (UBA) has kept a firm focus on building up its More...

By Felix OLOYEDE On Sunday, September 16th, 2018
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FinTechs can’t displace banks, says David-West

Olayinka David-West, Faculty Member, Lagos Business School Financial Technology (FinTech) companies will not displace banks in their competition for market share and provision of financial services to customers, More...

By Felix OLOYEDE On Saturday, September 15th, 2018
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EFCC denies raid on Standard Chartered Bank

Ibrahim Magu, EFCC Acting chairman Following repeated media enquiries regarding a purported raid on the head office of the Standard Chartered Bank today September 14, by Operatives of the Economic and Financial More...

By Felix OLOYEDE On Thursday, September 13th, 2018
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Naira weakens marginally in parallel market

FELIX OLOYEDE Nigerian currency depreciated by 0.28 per cent to N361 against the dollar in the parallel market, underpinned on foreign portfolio investors decision to repatriate the funds to safety. Meanwhile, the More...

By Felix OLOYEDE On Wednesday, September 12th, 2018
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NDIC tasks banking stakeholders on stronger ethical standard

L-R: Nigeria Deposit Insurance Corporation (NDIC) MD, Umaru Ibrahim, presents the Corporation’s research publications to the President and Chairman of Council, Chartered Institute of Bankers of Nigeria (CIBN), More...

By Felix OLOYEDE On Wednesday, September 12th, 2018
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Heritage Bank MD urges lenders to build  SMEs driven economy 

Ifiesimama Sekibo, MD, Heritage Bank Commercial banks need to intervene in the building a formidable economy driven on the wheel of Small and Medium Scale Enterprises (SMEs) because there is lots of value and opportunities More...

By Felix OLOYEDE On Tuesday, September 11th, 2018
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Naira remains stable in interbank market

The Naira was remained stable at the interbank, closing at N306.25 against the dollar, the same rate it exchanged on Monday. It however, gained four kobo to close $/N363.07 at the I&E FX window with a total More...