Banking

NEXIM Bank, partner of cotton producers.

The National Cotton Association of Nigeria (NACOTAN) has called on NEXIM Bank to ensure cotton grower’s benefit from the bank’s financial intervention. NACOTHAN made the call in a communiqué signed by the Chairman, Conference Organising Committee, Felix Egbamuno in Abuja, after a two-day summit and expo, with the theme, ‘Revamping the Cotton Value Chain.’ He said NEXIM Bank will partner…
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Banking

Banks accept old banknotes after the deadline - Emefiele.

The Governor of the Central Bank of Nigeria, Godwin Emefiele, told the House of Representatives on Tuesday that commercial banks in Nigeria will still accept old naira notes from customers after the deadline of February 10. Emefiele stated this while appearing before the ad…
BankingBusiness Ranks

UBA appoints first female African business CEO.

The board of Directors of the United Bank for Africa Plc, has appointed Mrs Abiola Bawuah, as chief executive officer of UBA Africa. The bank disclosed via a statement on Monday that Bawuah would also join the group board as an executive director, overseeing the Group’s…
Banking

Fidelity Bank is recognized for supporting small businesses.

Fidelity Bank Plc, at the Annual Global Banking & Finance Awards which held in London, UK, has been announced as the ‘2022 Best SME Bank’ in Nigeria by the Global Banking & Finance Review. Global Banking & Finance Review, a leading online, digital, and print magazine for the banking and financial sector  recognises companies of all sizes that are prominent areas of expertise and…
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Banking

Atiku wants banks to promote mobile banking.

People’s Democratic Party (PDP) presidential candidate Atiku Abubakar congratulated President Muhammadu Buhari on agreeing to extend the deadline for exchanging old naira banknotes for recycled ones. In a series of tweets about verified addresses, the former vice…
Banking

5G: Mafab plans to roll out across the country.

Nigeria’s second fifth generation (5G) technology services provider, Mafab Communications Limited, has said its long-term plan is to roll out services across the country starting with six cities. The operator, which won the 3.5 gigahertz (GHz) spectrum in 2021 alongside…
BankingEconomy

FG Extends Digital Money Lender Registration Deadline

The federal government has extended the registration deadline for DML, a digital money lender. The federal government has extended the registration deadline for Digital Money Lenders, DML. This was included in a statement released Friday by Federal Competition and Consumer Protection Commission (FCCPC) Senior Vice President/CEO Babatunde Irukera. The committee stated that this announcement was…
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Banking

Stanbic IBTC announced the appointment of new board members in its group companies.

Following receipt of the necessary regulatory approvals, Stanbic IBTC Holdings Plc (Stanbic IBTC), a member of Standard Bank Group, has announced the appointment of new directors throughout the Group. These nominations were in accordance with Stanbic IBTC’s history of honoring quality, performance, and dedication, underscoring the organization’s well-established succession planning…
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