The International Monetary Fund (IMF) has retained projected economic growth of 3.4 per cent for Nigeria in 2022.
The Washington-based institution disclosed this on Tuesday in its World Economic Outlook (WEO) for July 2022 entitled, “Gloomy and More Uncertain”.
At its last economic outlook released in April, the IMF had estimated that Nigeria’s economy would grow by 3.4 per cent in the year…
Ecobank Nigeria has extended its innovative remittance services to its business account holders. This implies that Business Account holders can receive funds sent through Ecobank Rapidtransfer or any of its Remittance franchise partners through the Business to Business…
Zenith Bank Plc has been ranked as the number one bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine.
For the 13 consecutive year, the bank retained its position as the number one Tier-1 bank in Nigeria with a Tier-1…
The Central Bank of Nigeria has disbursed N68.13bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention.
According to the bank, the CBN Governor, Godwin Emefiele, disclosed this in Lagos after the last Monetary Policy Committee meeting.
“Furthermore, under the 100 for 100 Policy on Production and Productivity, the Bank has…
The Central Bank of Nigeria (CBN) has granted an Approval in Principle (AIP) to fintech platform Fincra to operate as a Payment Solution Service Provider (PSSP) across the country.
In its commitment to promote strong and credible payment systems, CBN, in December 2020…
SplitCash Is Creating A World of Simple And Secure Shared Payments For Everyone
June 16, 2022
We all know what it is like to split a bill – from rent to groceries, a dinner with your friends, down to everyday living costs. Your mind quickly goes to payments for services like an Apple Music family plan, Spotify, or even Netflix. Splitting bills is more common than…
In May 2022, the bank celebrated 15 years of transforming lives and supporting Nigerians and Nigerian businesses with a series of activities exciting activities geared at appreciating and rewarding the bank’s customers.
The highlight of the events was the commissioning of the bank’s new head office located at 154, Ikorodu Road Onipan, Lagos. At this event, the MD/CEO, Taiwo Joda, assured…
Union Bank of Nigeria Plc has notified the Nigerian Exchange Limited (NGX), Securities and Exchange Commission (SEC) and other stakeholders of changes in its board and the completion of the sale and transfer of 93.41 per cent of its issued share capital to Titan Trust Bank…
Central Bank of Nigeria (CBN) backtracks, takes radical stance against rising inflation
May 30, 2022
The rate-fixing arm of the Central Bank of Nigeria (CBN) backtracked on its position on the country’s rising inflation, yesterday, increasing the monetary policy rate by 1.5 per cent or 150 basis points (bps), an extreme radical stance against rising prices.
A 150bps…
‘Banks can’t achieve 95% financial inclusion goal without secure technology’ - Ifie Sekibo
May 30, 2022
Ifie Sekibo, Managing Director/Chief Executive Officer of Heritage Bank Plc, believes investment in smart technology is never enough. In an interview with GEOFF IYATSE, he speaks on a backlog of challenges that delayed the financial inclusion drive and how banks can bridge the gap and bring millions of the unbanked into the financial space using modern technology.
How critical is financial…